The company is partnered with over 50 Brokers around the globe. There are not many direct user experience comments about ZuluTrade on Quora. However, there are a few ones that talk about the platform’s leader traders and the way the rating features work, and these are quite mixed. Copy trading is a trading technique that enables inexperienced traders to copy the strategies of more experienced traders. One of the most remarkable things about copy trading on ZuluTrade is that the platform allows experienced traders from a variety of other platforms to broadcast their strategies into one hub.
- Plus, functionality has continuously improved with each update.
- Any rates, terms, products and services on third-party websites are subject to change without notice.
- Our experts found it is possible to link an external live or demo MetaTrader 4 (MT4) platform to a ZuluTrade account.
- They can be contacted by telephone, email, or live chat service based on the website.
Profit-Sharing Account
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The returns of traders will fluctuate, just as those who provide signals to the platform and traders within it fluctuate on their own trades. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and zulutrade review make your own decisions when choosing a broker.
FP Markets
ZuluTrade is a copy trading platform that connects with different brokers. However, there are still some costs to keep in mind, like commissions, spreads, or swap fees. These don’t come from ZuluTrade itself, but from your broker. Things like how much you’ll pay in commission or spread will depend entirely on which broker you’re using.
Overview of ZuluTrade Brokers
This app is free and available to download in AppStore (for iOS users) and GooglePlay (for Android users). This app allows you to open, close, and edit manually traded positions wherever you are, whenever you want as long as connected to the internet. Also, it automatically executes your selected trading systems’ signals without you monitoring the markets 24-hours a day. Plus it manually closes trades from Traders and manually adjusts stops and limits. The platform’s “ZuluTrade Account” and “Trade Account” are both free to use, as are the demo accounts. Instead, traders will be subject to trading fees leveraged by their choice of brokerage, which will vary depending on the platform used.
ZuluTrade Review – Is This Copy Trading Platform Worth Your Time?
- You simply choose the traders signals that you want to copy and they do all of the trading.
- ZuluTrade has mixed-bag remarks on Trustpilot, with an average rating of 3.3 stars out of 101 reviews.
- From there you can check and read about the available Traders to choose from.
- There are no extra costs other than commissions, spreads and swaps which you would usually have to pay when trading any forex system on a forex broker trading account.
The social trading network charts enable you to explore trends, look at trader performance reports, and decide on the best ones to copy. This is a risk 5 FX account with 370+ copiers, a 3.32% ROI, and a 71.7% win rate. The strategy here involves having multiple positions simultaneously open according to a variety of strategies and data analyses. Each position is closed separately in line with each initial strategy, and the lowest possible drawdown is maintained by closing one or more positions in negative to avoid more losses. The commodity CFD market allows you to speculate on price differences for a range of valuable agricultural and industrial materials.
With ZuluTrade, you can view the performance of talented traders from 192 countries and follow their forex trading signals on your own trading account. You can combine the trader’s signals to create your own diversified trading portfolio which can help to optimize your overall trading performance. I’ve tried to give you a clear picture of both the good and the not-so-good. As one of the oldest platforms in the social trading space, ZuluTrade definitely stands out with features that work well for both investors and traders. ZuluTrade offers various video tutorials to help traders understand how the platform works.
ZuluTrade Top Leaders
Based on my own experience, AAAfx has the lowest spreads because of that. I’d say that Zulutrade has one of the most decent trading platform out of all the social trading sites out there. The platform is super easy to use and has some basic customisation options available. As a trader, regardless of your experience levels, you have a great deal to gain from choosing ZuluTrade. For novice traders, this is an ideal way to get started with making a profit in the industry.
If you have problems, it will be almost impossible to get your money back.I have already filed a complaint with the regulator and am going to dispute the payment through the bank. I hope my review will help other traders avoid similar problems. Spreads and commissions vary depending on the broker you choose to connect your ZuluTrade account to. Broker commission and spreads (the difference between the buy and sell price) depend on the volume traded by the client.
ZuluTrade is a social and copy trading platform that allows traders to follow and replicate the strategies of experienced professionals. The platform supports multiple brokers and provides access to various financial instruments, including forex, stocks, cryptocurrencies, and commodities. One of its standout features is its comprehensive ranking system, which evaluates signal providers based on performance, risk, and trading behavior, helping users make informed decisions. Additionally, ZuluTrade offers advanced risk management tools, such as ZuluGuard, which automatically protects users from excessive drawdowns.
Reviews
If you’ve read my other review over at Trading Fund Hub, you probably know that I don’t just share my own thoughts; I also check out what other people are saying to give you the full picture. That’s exactly what I’ve done for this ZuluTrade review, too. In short, ZuluGuard helps protect your money by acting fast when a Leader’s strategy starts going off track. Things like interest rates, inflation, job reports, and GDP growth can all shake things up. You’re all set to manage your company profile and boost your credibility.
The texts on this page are not are not investment recommendations. Initially, Yohai wanted to create software that allows him to copy trades from the best traders. From using the ZuluTrade social trading network, we found that the platform has some pretty neat security features. For starters, it uses industry-grade SSL encryption to secure all data for PC and mobile platforms. There is also the ZuluGuard feature, which we have discussed before now, which protects you against undue losses.
The user-friendly interface and automated trading capabilities make it appealing to both beginners and experienced traders alike. ZuluTrade is an excellent platform for investors seeking to leverage the expertise of professional traders without actively managing their trades. Its extensive network of signal providers, robust risk management tools, and compatibility with leading brokers make it a compelling choice for both beginner and experienced investors. While fees and spreads may be slightly higher than direct trading, the platform’s value lies in its accessibility, transparency, and automation capabilities. If you’re looking for a user-friendly and feature-rich social trading platform, ZuluTrade is worth considering. ZuluTrade is a popular social trading platform for traders and investors around the globe to copy trades.
With this account, your commissions will be reduced, and you will not pay any fee unless your traders have made a profit in that month, above a certain, watershed level. Above this level, a 20% performance fee on profits is applied. I am really excited to be trying out this copy trading platform. Before now, I heard a lot of good things about the platform and I decided to give it a try.