ZuluTrade adds one more award to its collection: “Best Social Trading Solution – MEA” 2023

FinanceFeeds Editorial Team

The award received at the UF AWARDS MEA 2023 Ceremony marks yet another milestone for the company, which celebrated 15 years of excellence last year.

ZuluTrade, a Finvasia Group company, is an innovator in the social trading and wealth management industry and has amazed industry leaders yet again at the UF AWARDS MEA 2023 Ceremony with its groundbreaking achievements. The company has proved time and again that it is miles ahead of the curve, winning the “Best Social Trading Solution – MEA” UF Award.

“It always feels good if your efforts are recognized by industry leaders. Winning this award yet again showcases our position in the industry and particularly in the Middle East and Africa regions, where we’ve witnessed tremendous growth, and we couldn’t be more proud,” said Tajinder Virk, CEO, ZuluTrade and Co-Founder, Finvasia Group.

The award continues the successes that the financial firm recorded in 2022, when it emerged as the winner of the “Best Social Wealth Management Platform” at the Forex Expo Dubai and the  “Best Social Trading Solution” at the Ultimate Fintech Awards in Cyprus.  

ZuluTrade recently announced expansion into the Middle East after seeing its website traffic jump 40% in the region. Hence, the newly won accolade aligns with the company’s vision to strengthen its footprint in the MEA markets as it continues to amp up its offering locally. Even more so, as it opened an office in the heart of Dubai’s free trade zone. With a user base of over 2.5 million traders across 150 countries, ZuluTrade has seen its trading volume spike more than 2.5 trillion over the last years. 

“It is a great privilege to be regarded as the “Best Social Trading Solution” in the MEA region, but it also comes with a challenge – staying that way. As we continue to hone our offering, new features will be added to the platform; we expect volumes to jump even higher as more and more traders join ZuluTrade,” Finvasia Co-founder and CMD Sarvjeet Singh Virk added.

To find out more, reach out to [email protected].

Read this next

Digital Assets

FINMA-regulated digital asset provider Taurus expands into Germany

This expansion follows recent moves by BaFin to accelerate the licensing of crypto custody services, aiming to boost market confidence. Following this, several new licenses were issued, notably to Commerzbank, making it the first full-service financial institution in Germany to receive a crypto custody license.

Inside View

Stocknet’s Nick Hall defends gamification as trading platform market set to hit $15.34b by 2030

“The growing popularity of gamified trading has the potential to tackle this financial literacy gap. Rather than simply giving users unfettered access to markets and letting them figure things out for themselves, platforms can offer virtual skill games and challenges to help educate traders and prime them for success.”

Inside View

Infographic: Interest rate and FX derivatives are driving rise of OTC derivatives market

These trends suggest a growing and evolving OTC derivatives market, with an increased focus on risk management and regulatory compliance. The rise in clearing rates, along with the increased initial margin requirements, reflects a more cautious approach to risk in the financial services industry.

Market News

Bank of Canada’s Final 2023 Policy Update on the Canadian Dollar and Future Monetary Landscape

The Bank of Canada’s final policy update for 2023, as reported by Bloomberg, had a relatively subdued impact on the performance of the Canadian dollar, especially when compared to the discernible market reactions following prior BoC policy decisions throughout the year.

Inside View

DTCC’s Systemic Risk Barometer Survey found 2024 US Presidential Election as a top risk

U.S. political uncertainty, particularly regarding the 2024 Presidential Election, has emerged as a key risk, with 51% of respondents highlighting it as a major concern. This reflects the potential impact of election outcomes on market conditions and the industry.

Executive Moves

Options Technology promotes Laura McCann to CFO

“Laura’s promotion to CFO is the next stage in our long-term strategy of building a world-class finance team servicing the global business from our Belfast office. Back in 2016, Jon took on the challenge of laying the groundwork for that vision. Laura has been an integral part of the strategy from day one.”

Digital Assets

Thailand’s crypto economy under the spotlight: a report by HashKey Capital

“I’m excited by the rapid expansion of Thailand’s Web3 sector. With over 3 million overall crypto users and 600% growth in the market in recent years, the dynamism in our DeFi and NFT sectors is clearly evident. Thailand is increasingly becoming a hotspot for digital nomads, drawn by our crypto-friendly policies, affordable living costs, vibrant food and beverage culture and diverse cultural landscape.”

Retail FX

Webull Australia offers 5.4% yield on uninvested cash

“US dollar money market funds are heavily regulated, meaning client funds are managed in a safe, reliable and trusted environment, which is of critical importance to us, and continues to remain top-of-mind for our clients.”

Digital Assets

Bybit welcomes Ethena’s USDe, a decentralized stablecoin utilizing delta-hedging staked Ether

“Our collaboration with Ethena Labs represents our commitment to solving some of the biggest challenges in crypto today, not least, the creation of a decentralized stablecoin. The integration of USDe on Bybit expands our stablecoin offerings, providing our users with an array of uncorrelated solutions accessible from our Unified Trading Account.”