RoboOptions traders are to gain access to one of the largest networks for binary options signals
RoboForex has reportedly informed clients of its binary options brand that hey can now receive trading signals and copy transaction of other traders via a ZuluTrade service.
RoboOption traders are gaining access to one of the largest social networks for binary options signals. Trading robots focused broker, RoboForex, today informed the clients of its binary options brand that from now on they can receive trading signals and copy transactions of other traders via a ZuluTrade service.

ZuluTrade's binary options offering was launched six months ago. Just with its popular Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term copy trading service, ZuluTrade enables users to identify and follow the trading method of successful binary options traders based on their ZuluRank. With this service, signal providers can share their strategies with the community in an effective way, as the technology incorporates the possibility to develop automated binary options trading strategies through the company’s proprietary tool ZuluScripts.

In addition, traders are able to manage their risk more efficiently and with a systematic approach through the company’s capital protection tool named ZuluGuard. The tool provides traders with the ability to set limits on how much they can lose from a single signal provider, a single trade or limit the maximum amount of trades simultaneously open.

Increasing Volume

Speaking with Finance Magnates, a RoboForex representative explained the choice in ZuluTrade binary options: "We believe that the model of copying transactions from trader accounts to investor's account is quite promising, as is expanding the range of potential investors and increase the turnover of the company, and it is as transparent as possible for both trader and investor.

It is reasonable to assume that if copy trading runs on forex transactions - this will also work in binary options, as the principle, copy remains the same. Thus, we expect an increase in the number of investors and turnover in binary options similar to how we got with our project copyfx.com for forex."

This ZuluTrade service can potentially also serve as an additional revenue stream for RoboOption clients. As part of the broker's affiliate program, any verified client can receive commissions according to the level of their affiliate program. The level of their affiliate program depends on the number of attracted clients and their total trading volume. Copy trading is a convenient way to generate volumes and ZuluTrade is one of the best places to attract followers.

Earlier this year, HotForex, a broker regulated by CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term under the name HF Markets (Europe) Ltd., became one of the first brokers to start supporting the ZuluTrade binary options social trading solution.