LeapRate Exclusive... LeapRate has learned that China based Formax Group's acquisition late last year of social / copy trading platform provider ZuluTrade, and related companies, was concluded at a price of USD $12.41 million. Formax actually acquired a lot more than just the ZuluTrade name, technology and platform. Indeed, when breaking down the purchase price,…
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It looks like social trading isn't quite dead yet. LeapRate has learned via regulatory filings that FCA licensed Ayondo Markets has continued to grow its social trading focused brokerage, although with losses continuing to mount. Ayondo reported that its UK unit, Ayondo Markets Limited, grew its Revenues from £7.3 million in 2015 to £14.2 million…
Read moreLeapRate has learned that social and copy trading platform Collective2 is attempting to raise $5 million to grow its business, in a private placement with accredited investors. Collective2.com is a U.S. website that connects investors with traders. Collective2 was founded in 2001. It claims to have more than 90,000 registered users, with over $40 million dollars of investor…
Read moreBreaking Forex News... Social trading pioneer Ayondo has announced plans for a listing for the company on the Singapore Exchange (SGX), which would result in the company having a market capitalization in the S$210 million (USD $155 million) range post transaction, valuing Ayondo at about $116 million pre-deal. FCA-regulated Ayondo stated that it is in advanced…
Read moreSocial trading expert eToro today announces that its new eToro app now supports One Click Trading. The One Click Trading functionality is mostly suitable for experienced traders who prefer to open trades immediately, without confirmation, using pre-determined trade parameters (Amount, Leverage, Stop Loss and Take Profit). This trading mode can be very useful during times of…
Read moreSeveral months after the first announcements that a New eToro was coming, the new social trading platform was officially launched. On November 5, 2015, eToro CEO Yoni Assia officially unveiled the New eToro at the Web Summit in Dublin. The platform is built from the ground up and replaces the iconic OpenBook and WebTrader platforms. It…
Read moreMarketing software provider TradeSocio has announced the launch of a first-of-its-kind marketing automation and analytics platform designed specifically for forex and futures brokers. The platform analyses traders’ behaviour, allowing brokers to automatically send targeted messages to individual traders at the optimal times. TradeSocio’s new marketing platform provides brokers with a suite of tools to increase their demo-to-live…
Read moreContinuum partners with TradeSocio to powers its social trading platform with FX and futures market data and trade execution.
Read moreThe company has unveiled a set of future changes to its social trading network, including making high-risk strategies unavailable to copy.
Read moreThe funding comes from the group's existing shareholder base and will be used to finance ayondo's continuing international expansion.
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