Moneta Markets adds ZuluTrade copy trading platform
Fresh off receiving a license from regulator ASIC and “coming onshore”, Australia based Retail FX and CFDs broker Moneta Markets has announced that it has bolstered its social trading offering with the integration of the ZuluTrade platform, allowing clients to copy ranked FX traders’ strategies.
We caught up with the Moneta Markets founder David Bily to chat about Moneta Markets’ partnership with Zulu.
FNG: Moneta Markets already offered social trading through Duplitrade, so what spurred the decision to partner with ZuluTrade?
David: We have always intended to offer clients access to ZuluTrade, simply because it’s the largest automated peer 2 peer social trading platform out there, however we wanted to ensure we were set up to really get the most out of it. Having recently finalised the launch of a range of new products and making significant improvements to our trading infrastructure and pricing, it was time to switch our focus to the Zulu integration.
Over the past 12 months we have seen substantial growth in not only the number of clients we are onboarding, but also a significant increase in trading volume, and naturally, this has also led to increased interest in various new products and services, one of which is ZuluTrade. With a massive network of 40,000+ users, our clients can now also have the option of following the top-performing signal providers from all over the world, whether as a method of diversification or as a stand-alone investment strategy, particularly for those who are short of time.
By introducing an additional platform that allows clients to trade and invest without requiring the need to constantly watch the markets, we are opening the door to an additional category of traders who want to dabble in the markets, but may not yet have the know-how. It’s an ideal starting point for Forex beginners, as social traders do not need a background in finance or trading experience because they aren’t following price charts or technical indicators, they’re following people who have a proven track record trading forex and other markets – people who are ranked based on their performance which is visible to all ZuluTrade users. Traders’ profit and loss data over a given period is visible to everyone on the platform, so this allows people to choose the traders they follow based on an informed, educated decision based on real-life trading history.
In the three years since Moneta Markets’ inception, we have seen them go from strength to strength, and as the broker continues to assert its dominance in the industry, we look forward to seeing what’s next as the year wraps up and we head into 2023.
About Moneta Markets
Moneta Markets was originally spun off of Australia based online broker VantageFX (since rebranded as Vantage) in 2020. The company operated initially as an offshore brand of Vantage, domiciled in Saint Vincent and the Grenadines. Since then Moneta has received a Financial Service Provider (FSP) license in South Africa, and as noted above a license in its home base of Australia. Moneta’s management is headed by CEO David Bily, formerly the longtime Chief Marketing Officer at Vantage, who led the spin-off from Vantage and then later left Vantage to focus full-time on Moneta Markets.