ZuluTrade Social & Copy Trading Things to know before signing up

Although ZuluTrade does not have any non-trading fees that are even above average, there is a high cost when it comes to trading fees. You will have to consider that you will be charged with a commission for every trade for linking your trading account to ZuluTrade, in addition to the normal spread that requires payment. This means that ZuluTrade does not limit you to one base currency, but allows you to deposit and withdrawal funds based on your existing base currency in your trading account. You will not have to convert your funds, meaning that ZuluTrade values your comfort. The ZuluTrade auto trading platform is regulated as a copy trading solution for brokerage firms in the European Union. Daily and weekly summary reports will be sent via email.

Zulutrade makes money on every trade that’s made through the platform, as it drives traffic to specific brokers . It also makes money on the subscription you pay, if you sign up for a revenue sharing deal. There is an extensive support area to help you set up an account and start trading. In addition, there are video tutorials that explain each step of the process, as well as a blog and discussion forum to provide further information.

Great platform

It will be interesting to see how they all get on under live trial conditions and given all the volatility in the market at the moment. All results will be tracked here so you can see the performance of our selected traders throughout the trial. However, before expiring our account was $258 in profit from following our six traders, which is pretty decent. It’s been somewhat of a mixed time for the trader we are copying on Zulu Trade recently, with a profit of $52 made on their closed trades since our last update.

  • Now I hope this is all helpful, I’ve got more to show you, but I really hope this is helpful.
  • Because as long as they’re getting more pips in, more positive pips than negative pips, then your account balance is going to go up.
  • They have bounced back nicely since then however and actually just $9 down since our last update.
  • None of your money is held on Zulutrade and all of your open trades go through one of your chosen brokers.

The chart on the left shows a quick overview of historical performance. Depending on the follower’s account, the signal provider’s commission is 20% of profits or half a pip on each trade. The monetary value depends on the size of the lot and the currency pair, the current average is around $0.4 per mini lot.

Is ZuluTrade regulated and legit?

One should know that trading any other kind of complex financial product involves high risks, and is not suitable for everyone. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.Learn more at Wikipedia. You will find two trading accounts, or models, Profit Share and Classic.

zulu trade review

xcritical broker was founded in 2006, with the primary mission is to empower people to trade with confidence. With strong core values of integrity and innovation, we always put the customer first, and center all our efforts into enabling UK traders of all levels to unleash their true potential. With all that being said, I think ZuluTrade is an ok platform for trading. Although, there are a lot more profitable trading platforms out there. The biggest issue I have with ZuluTrade is with the ZuluGuard feature. It pulls you out of trades when the trader you are following if they feel that the trader is being unusual with his trades.

Trade with a Regulated Broker

The company boasts of important items with which clients can trade on. These include cryptocurrencies, major, minor and exotic forex pairs, precious metals, stocks, and shares. ZuluGuard is featured to protect users from manipulations and unnecessary trade activities.

Can you trade indices on Tradersway?


TRADERSWAY offers four trading platforms – MetaTrader 4, MetaTrader 5, WebTrader and Mobile applications; four account types – MICRO and ECN Standard accounts with fixed (FIX) and variable (VAR) spreads; and five markets – FOREX, Stock indices, Metals, Energies, and Commodities.

I’ve got investors that I’ve got funds with, that have been trading for 10 years, and got ten years trade training record. So let’s just have a quick look at what the open positions on this one, there’s a lot of green, which is good. But what’s the open position like and how long have they been open for. So only in the last couple of days, has there is quite a large pip loss position, but they’ve not been running for a long period of time. And it’s only for demo purposes anyway, so I will I’ll go ahead and follow this trader with the last of the amounts that I’ve got. So for those of you that are very new to this whole arena, ZuluTrade is basically a social trading platform.

Cybersecurity Stocks to Watch in 2022

You will have to invest more of your time if you want to find good providers to follow. The search system on ZuluTrade is not the greatest, although it https://xcritical.pro/ gets the job done. This doesnt mean that you will have to browse through each individual trader, but make sure that you dont follow too many at once.

These limitations come from the brokers who you open your accounts with, in order to connect with Zulutrade. As a trader, protection of your funds while trading 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. Both Forex and Binary Options traders at GDMFX can access an 8% annual fixed income on their free deposits on top of their trading profits. The traders have to fulfill a minimum trading volume not tied to any deadline or a minimum participation period requiring any minimum trading volume in order to get the fixed income. As the minimum deposit is $300, the amount of bonus you would be getting is $30.

Signal providers utilize the ZuluTrade platform or MT4 in creating trades. Alternatively, a signal provider is a trader that uses either the live or demo accounts. Trading activities in a signal provider account are reflected in other user’s demo or live accounts as a broadcast signal.

In addition, our research shows in the ZuluTrade review that the average earning per standard lot is $4 per trade. This means if you have hundreds of followers, you can earn a significant commission at the end of the day. ZuluTrade gives the option to traders that they can start executing trades like a pro, without having to start from the bottom. With copy trading platforms, novice traders can take a shortcut to the top without facing any financial.

What are ZuluTrade rebates?

In addition, select go ‘real-time’ and you can manage your risk settings. The ZuluTrade trading platform collaborates with brokers that provide trading for stocks, cryptos, forex, commodities, such as oil, and indices, such as the NASDAQ. The platform then allows you to clone the strategies of top traders.

zulu trade review

Followers are the ones that copy the strategies of the Signal Providers. They of course have to pay a compensation fee for copying an SPs Strategy, the price of the fee xcritical cheating can vary, depending on the success of the strategy. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

It’s been around for quite some time now, I myself have had an account for probably about seven years. And then since then, I’ve kind of been withdrawing funds and trading less and less with ZuluTrade. That’s not to say necessarily that I dislike the platform entirely, but I am finding that there’s much better products out there.

  • I enjoy some of their features, such as Zuluguard & Automator and I’m sure there are others that I’ll explore soon.
  • As a follower, the signal provider you have chosen to follow will have their trades automatically executed in your broker account.
  • Traders can view various statistics on the signal providers they choose to follow such as their rank, trade history, current trades, profitability, and more.
  • As part of its policy, ZuluTrade offers signal providers half pip per lot for trades created in the live account.

xcritical – xcritical offers multi-asset trading on a range of platforms and mobile solutions. Employing an effective money management system can be difficult for beginners. It is also particularly challenging for those not focussed on forex, such as gold, CFD, and cryptocurrency traders.

Once we were set up, it all ran very smoothly during our trial and trades were placed as expected. The Zulu Trade platform itself is very intuitive and user-friendly. You can sort through dozens of traders based on their records and see their full trading histories, which is a positive aspect of the service not present in all copy-trading platforms. With as little as $1, you can access the ZuluTrade social and copy trading platform. However, individual brokers may require one to deposit as much as $300 to access the copy trade platform.

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