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ZuluTrade launches its wealth management services in Mauritius
Leading social trading company ZuluTrade expands its market offering with the addition of wealth management services. As part of the Finvasia Group, ZuluTrade has received approval from the Financial Services Commission (FSC) in Mauritius (Licence no. IK21000018) to provide wealth management services.
The FSC granted an investment banking licence to Finvasia Capital Limited in January, which also applies to the group's companies, including ZuluTrade. This is another remarkable approval for the Finvasia Group's financial services and a significant step forward for ZuluTrade.
Sarvjeet Virk, co-founder and CEO of Finvasia Group, says: "The FSC license marks an important milestone on ZuluTrade's roadmap, opening up new areas for growth for the company. Also, the investment banking licence granted by the Mauritian regulator applies equally to all our brands, including ZuluTrade."
Under this new licence, the financial company can provide the following services:
Securities brokerage services (as a full service broker, including underwriting)
Investment advise (unrestricted)
Investment advise (corporate finance advice)
Asset management
The distribution of financial products
Under this license status, ZuluTrade will provide its broker-dealer agnostic social wealth management and social trading services. All investors, regardless of the platform available or the broker they use, will benefit from all the tools and resources ZuluTrade has to offer:
Diversification of instruments: Stocks, Forex, Indices, Cryptocurrencies, Commodities.
Social feed to share trade ideas and engage with trading related content.
Access to a wide range of strategies with the ability to track and copy them.
The unique ability to backtest, adjust and launch their strategies and share them with the community (for professional traders).
A trading automaton and much more.
At the institutional level, ZuluTrade also has a market validated value proposition for brokers, allowing them to explore new verticals by joining its network. Given the versatility of ZuluTrade's technology, any broker operating on MT4, MT5, ActTrader or XOH infrastructure can automatically offer ZuluTrade's social wealth management services to their clients without any limitations.
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