Global online brokerage firm Amana Capital has announced that in line with its strategy to provide additional unique products and services to its clients, the brokerage services group is adding support for ZuluTrade.
The new product available to the broker’s customers is a pioneer in social auto-trading for forex and CFDs. ZuluTrade will be added to the list of already available trading platforms.
The ZuluTrade social trading platform will enable clients of Amana to receive actionable trading signals and translate those into real-time executable trades.
The social trading platform’s algorithmic ranking is tailored to the individual needs of different clients. The software is designed to assist clients in making a good choice among a vast list of available strategies. ZuluTrade also provides a list of customization settings for auto-trading to ensure maximum efficiency as well as risk management.
ZuluTrade’s Head of Institutional Sales, Roula Pelehrinis, said:
By adding Amana Capital to the stellar group of our collaborating brokers, we offer our clients the choice of trading with a Broker of the utmost integrity.
Amana’s CEO, Ahmad El-Khatib, said:
Recent changes to the retail trading industry are driving additional demand for trader-centric features. Social engagement and ideas sharing between clients are essential to a vibrant and active community. This is the main reason we picked ZuluTrade to deliver to our clients a brand new, engaging social trading experience.
ZuluTrade was acquired by China-based Retail FX broker Formax late last year, with the price paid of $12.4 million being exclusively reported by LeapRate. While Formax has integrated the ZuluTrade social and auto-trading platform into its own operations, it has also continued to sell the service to third party brokers.
Amana Capital a member of the 180 Capital group, is a specialist in online trading providing institutional and retail clients around the world direct access to the global financial markets. Amana services clients in over 80 countries. Subsidiaries are regulated by the FCA, DFSA, CySEC, CMA, and LFSA.