When the platform was founded in 2007, Yohai wanted to give retail traders the same information and resources that money market players would have access to. This mission has been taken to the next level with the advanced social trading features that ZuluTrade provides, allowing novice traders to learn from highly skilled day traders. Trading forex broker reviews spot currencies involves substantial risk and there is always the potential for loss. Because the risk factor is high in the foreign exchange market trading, only genuine “risk” funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market.
- You should still do your due diligence before placing any copy trades even with one of the best copy trading brokers around as Zulutrade is.
- The only fee clients will need pay is the spread that will be paid to the broker when placing a trade.
- 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.
- One thing for sure is that you will have many top brokers to choose from if you are thinking of connecting them through Zulutrade.
- You can access a wide range of market news through the Zulutrade blog as well as extensive information on some of the best traders to copy.
Just as with the strong website support, our Zulutrade review has found more than 20 languages supported through the live chat service, and an all round very detailed and professional customer support service on hand to help. Our Zulutrade review also found that there is a dedicated space for crypto copy trading at Zulutrade. This means you can also follow crypto traders and copy their positions in major markets. This includes the likes of Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash all of which you can engage in auto trading at Zulutrade. Again, as with many parts of this Zulutrade review, the minimum deposit will depend on the broker you choose, though Zulutrade also requires you to keep at least $100 in the account it is connected to. The Zulutrade base currency that is available will depend on what is offered by the broker you connect to the platform.
What Is Our Opinion On ZuluTrade?
In the world of online trading and investment, it can often be difficult to keep track of all the new players entering the market. The last year, in particular, has seen a surge in the number of people starting to trade for the first time, with more platforms than ever attempting to break into the market in response. Whether you CopyTrade or Trade manually, we support the trading of Currency Pairs. If you are an advanced investor and prefer manual trading, you are always able to customize your settings or trade with a variety of advanced tools.
- Although ZuluTrade does not act as a direct broker, it is a social trading platform that allows you to trade a number of different types of financial assets.
- This means you can also follow crypto traders and copy their positions in major markets.
- ZuluTrade is ultimately one of the best and most popular platforms for copy trading in the industry.
- ZuluTrade’s parent company is Triple A Experts SA, which is a financial services business with its primary operations in Greece.
Although ZuluTrade doesn’t provide you with direct access to CFDs as a broker would, it is nevertheless an excellent platform to trade CFDs on. This helps increase both safety, security, and performance, and these too are particularly used with MT4. ZuluTrade isn’t a Broker, but an extension of Social trading read about ZuluTrade on Wikipedia, check ZuluTrade’s Official Website.
To enter, simply open a demo trading account within the designated trading period and get the highest risk-reward ratio compared to your peers. The three highest-ranked traders will share a prize pool of $4,500, with the top trader taking home $3,000. It should be noted, however, that there are various fees you might incur depending on what service you are using. Depending on what type of account you have, you may get charged a commission by your broker for connecting your account to ZuluTrade.
Beat the odds with Copy Trading
This essentially creates a shield for your investment account and stops you incurring unnecessary or unexpected losses. ZuluTrade is licensed and regulated in a number of jurisdictions, including the US, the EU and Japan. ZuluTrade’s parent company is Triple A Experts SA, which is a financial services business with its primary operations in Greece. Having been founded in 2007, Triple A Experts SA has established a number of financial services companies, which includes ZuluTrade. With so many new trading platforms bursting onto the scene these days, it has become more important than ever to ensure that you are trusting your trading portfolio with a fully licensed and regulated trading platform.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. ZuluTrade has also put added protection measures in place, such as the ZuluGuard Capital Protection, which monitors traders’ behaviour and will remove traders when the system detects a deviation from the expected loss profile.
How much are Trading Fees with ZuluTrade?
If you are a trader, you can deposit funds using the ZuluTrade Mastercard, bank wire transfers as well as PayPal. On ZuluTrade, you can link an external live or demo MT4 platform to a Trader account. In this case, the Trader account becomes read-only and any trading activity that takes place in the MT4 account is copied over to the ZuluTrade account. In terms of what offers ZuluTrade has available for newer traders, it regularly runs stock trading contests, which allow you to showcase your trading skills and be in with a chance of winning $3,000. The best part of this contest is that you don’t need to invest any actual capital to win.
This is a great range and includes English, Spanish, French, Russian, and many other languages making the broker extremely accessible to traders around the world. This includes the ability to view the profile of other traders, and comment as well as read the comments of others on the trader. You will also be able to see a wide range of data in the trader section depending on your needs.
Broker Overview
The profit-sharing plan is a great option for those who want to build a trading community online. Although ZuluTrade does not act as a direct broker, it is a social trading platform that allows you to trade a number of different types of financial assets. Forex trading is particularly popular on the ZuluTrade platform, with thousands of traders benefiting from social trading networks. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
Additionally, you can expect a very high degree of transparency from ZuluTrade and security for your funds in the form of ZuluGuard, an account protection feature. There is an account type on offer here for investors known as the ZuluTrade account, and one for traders in the form of a Trader account. Founded in 2007, ZuluTrade – a Finvasia Group Company – is the first and the oldest copy trading platform. They are a very popular choice among investors and traders in the industry with a user-friendly copytrading platform. ZuluTrade is a Web-based extension that can be connected to any broker of your choice, choose among forex companies for money safety and check with customer service for connectivity.
Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Profit sharing accounts are subject to a monthly performance fee per selected trading system. Although ZuluTrade does not necessarily offer any special first deposit or other sign-up bonuses, we were impressed by the profit-sharing plan it has in place. ZuluTrade’s profit-sharing plan is essentially a compensation model signed between ZuluTrade, investors into the platform, and traders. This means that the more profits that build up in your account, the more compensation you and your traders will receive. Traders will get paid using a payment reserve scheme, which means that half the dues will be paid when results are delivered, with the remaining amount to be paid in subsequent months depending on future performance.
No, ZuluTrade is not a Broker but a trading platform for social trading that can be connected to any broker supporting ZuluTrade. Although ZuluTrade has something to offer traders of all skill and experience levels, beginner and intermediate traders will get the most out of the platform. Social and copy trading are a great way of learning the advanced trading strategies of successful traders, and ZuluTrade is the perfect platform to do this on. 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. If you have a network of contacts you can bring to the platform, this is a great way of creating an extra income stream.
As an investor, protection of your funds while using the platform is of vital importance no matter your broker choice. This is something which is well-recognized by the platform and which other Zulutrade user reviews have pointed out. As a trader, you will be on the other side and providing trades that are copied by investors. Traders are typically professional traders and the program is open to anyone who wishes to broadcast their signals online and share them with the ZuluTrade Investors Community. On ZuluTrade you can copy-trade a wide range of instruments including stocks as well. However, you can only trade Stock CFDs through your trading account since most of the brokers with ZuluTrade are CFD Brokers.