ZuluTrade can arguably be said to hold the top spot in social trading and now they have taken another step in cementing that lead by introducing binary options to their auto trading platform. This is a first for the world of social trading and will no doubt be a very interesting addition to the fantastic ZuluTrade platform.
Binary options requires trader to agree to a trade price in the future, or in layman’s terms, agree to buy/sell at x price in say 2 weeks time.
This new addition to ZuluTrade will be integrated with the platform of SpotOptions in an exclusive partnership. This team effort will result in letting users both follow top traders as well as build automated trading scripts via ZuluTrade’s relatively new ZuluScripts tool.
Leon Yohai, the Chief Executive Officer and the founder of ZuluTrade made a statement saying that this tie-up is a great opportunity for all the white labels of SpotOptions, by allowing them to benefit from the unique trading solutions of ZuluTrade’s platform. He also further added that this synergy between ZuluTrade’s social trading platform and the binary options platform of SpotOptions would bring further mutual benefits to the individual users of both the platforms.
As the trend of social trading continues to gain a foothold in the market, the new deal ensures that the existing demand of traders is being fulfilled and will certainly bring some new talent to the leading social trading network.