Exclusive: Social Trading Broker Tradeo Changing Hands

After being in the market for some time, social trading provider Tradeo has been acquired. Sources with knowledge of the matter have shared with Finance Magnates that the deal was only recently agreed upon. For the time being there is no specific information as to who the buyer might be.

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The company has been focused on providing social trading services. After the firm was launched as a multi-broker solution that enables traders to share ideas across different brokerages, it later changed its business model.

Tradeo was launched in 2012. The social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term initially gathered speed, but multiple technology challenges related to integration of trading platforms and the maintenance of connectivity to several brokers have prompted a pivot.

In 2014, after securing additional $1 million of funding from venture capital firm LaunchCapital, Tradeo retooled its offering and became a social trading brokerage. The company has entered a relatively crowded space, as brokers have been developing their own proprietary solutions, while at the same time the rise of mobile has opened the market for new competitors.

Aside from its client base, one of the major assets of the brokerage is its 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 license. The firm has operating offices in Cyprus and Bulgaria.