HotForex, a broker regulated by the Cyprus Securities and Exchange Commission under the name HF Markets (Europe) Ltd., has now become one of the first brokers to start supporting the ZuluTrade binary options social trading solution.
OptionTrade, HotForex’s binary options trading brand, employs SpotOption’s technology. Only last month, December 2014, ZuluTrade went live with its binary options collaboration with SpotOption and are now starting to see its brokers adopting the service.
OptionTrade explains to its clients that ZuluTrade enables users to identify and follow the trading method of successful traders based on their ZuluRank. Users can manage their accounts via a customizable account management suite that is equipped with advanced risk management features such as ZuluGuard, a capital protection tool.
Binary options traders with ZuluTrade can select the traders they want to follow using the Performance Table, which automatically ranks traders based on a multitude of performance factors and the feedback of ZuluTrade’s knowledgeable binary options trading community.
ZuluTrade users can then customize the trades initiated by the traders according to their preferences and risk tolerance. Users can customize all the parameters of a trade, including the amount they wish to allocate for each trade followed; the maximum number of trades allowed for each followed trader; and the maximum number of open positions per followed trader.