The traders will enter the list only when they meet all the requirements based on strict criteria and the ranks will be constantly updated when ever there is a deviationin their performance. The ranking system is set up in a way that it continuously measures the performance ofthe trading system used by these traders in order in a transparent manner. The parameters that are taken into consideration for this ranking are as follows. ZuluTrade is a unique online platform that is suitable for the investor with little time & knowledge who still wants to benefit from active trading.
Particularly for beginners just getting started copy trading for the first time, this is a great way of visualising the data. On Reddit, Zulutrade has an average rating of 4.6 out of 5 stars with over 3,000 reviews. Trustpilot also gives them a score of 9.1 out of 10 from over 1,500 reviews. Many users appreciate Zulutrade’s user-friendly interface, advanced analytics and trading tools, and the wide variety of educational resources available. Zulutrade offers different account types that cater to different trading needs. Zulutrade also offers a “Demo” account that allows users to try out the platform before committing their funds.
ZuluTrade Review – Additional Offerings
Additionally, you will find information on various brokers, global markets and exchanges, and investment firms. All financial instruments are fraught with risks and must be understood well before an investor starts trading. This would ensure maximizing the profits and minimizing the losses. ZuluGuard is an account protection feature provided by Zulutrade and it works by monitoring the performance of the trading systems you choose to copy on a regular basis. It will automatically remove a trader when it detects that the drawdown is exceeding the expected limit. This feature is available to all investors and this unique feature will give enough protection to your trading capital.
- Profit-sharing accounts are specifically designed for copy-trading purposes through Zulutrade.
- The platform has partnered with more than 70 brokers that provide a large range of CFDs including Forex pairs, Indices, Stocks, Cryptos and Commodities.
- The most advantageous broker where you can open an account is AAFx.
- These ventures exude a powerful sense of integrity and trust to traders using ZuluTrade.
- If the trader earns 0.5 pips per lot for each position which has been copied, then when trading the EUR/USD 1 pip is equal to $10.
Added to that, many traders go with AAAFX since they are already directly owned by Zulutrade. In fact, your AAAFX account should connect directly to the dealer once you have opened it. You may open up to 10 Demo accounts and a rolling zulutrade review expiration policy of 15 days applies to all Demo account and you can also try out the ZuluTrade account features. In fact, you can try out a demo of every feature that are available without ever connecting it to your broker.
ZuluTrade Review – Features
It’s so easy to use for a beginner like me who literally has no knowledge and zero trading skills. I could have never imagined that copy trading can be so much fun. Also, ZuluTrade charges no fees to open accounts with any of the collaborating Brokers. However, it is best to confirm if there are any charges with the Broker of your preference. One thing we can say for sure is that there is no one best Zulutrade broker.
ZuluTrade Review – Is This Copy Trading Platform Worth Your Time?
This type of account is suitable for both beginners and experienced users. But it’s recommended that you keep at least $100 in your ZuluTrade account to stay connected. At this time, they may have been pitching a relatively new concept.
If it’s a glitch on your side, you admit it, face it and try to work out a solution for me. ZuluTrade offers many useful extra features, such as a pip calculator, news access, profit and margin calculators, an economic calendar, and currency converter. When you sign up for a live account with ZuluTrade, you get the ZuluTrade Account.
What Is Our Opinion On ZuluTrade?
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. You should fill up the requested information to complete the process. Once everything was given correctly, the setup process usually takes 2 to 3 business days. ZuluTrade then will send you the login details of your ZuluTrade account once your account is fully set up and funded through your broker.
Quite simply, the platform connects traders to each other and allows them to copy trades from one another. It works by allowing traders to share their strategies with the community, or “followers”, who then copy those same strategies into their own accounts. This allows followers to benefit from the expertise of successful traders without having to manually execute every trade. But thanks to analytics available on the service and that information in the description, I was able to find a suitable trader. However carefully you choose traders to follow, each one will eventually experience a sudden and large loss which will more than reverse all gains.
How much does it cost to use ZuluTrade?
Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. This is especially useful for beginners as they may not be aware of the potential dangers of a specific account that they are copying signals from. ZuluGuard protection can be activated easily at any time from the dashboard / settings page of your ZuluTrade account.
This social network is ideal for investors wanting to enter the same trades as professional traders hoping to achieve similar trading results. ZuluTrade provides you with the opportunity to AutoTrade some of the most sought-after cryptocurrency pairs available including BTCUSD and ETHUSD. You can copy experienced crypto traders from around the world through ZuluTrade’s fully-fledged web-based trading platform. Licensing bodies will set regulations and ensure that trading platforms comply with the terms of their licence as long as they are offering you trading and financial services. Another offer that ZuluTrade makes available for users of the platform is the partnership programme. As with many other trading platforms, ZuluTrade’s partnership programme allows you to partner with the platform and to earn extra money from referrals you make.
I think they can be a great option for anyone who does not have the time or skills to trade manually but want access to thousands of trading strategies to copy signals from in a regulated environment. It is completely free to open a ZuluTrade account and take advantage of their social trading platform. All you need to do in order to provide or copy trading signals is to sign up to a brokerage account from one of their 70+ compatible online brokers. You can start with a demo account to familiarise yourself with this copy trading service if you wish.
A trustworthy copy trading platform at your fingertips assures you that you are capable of carrying out successful trades. Investors can imitate the strategies of leaders and eventually assist them in achieving their immediate and long-term objectives. Furthermore, it also allows them to broaden their investment portfolios by following their trades and suggestions. You can get all these things from the ZuluTrade social trading platform.