ZuluTrade connection is performed to any broker’s account, trading platform or existing traders without any charge for the service, while the cost is only a small markup above the profit between the parties. ZuluTrade isn’t a Broker, but an extension with Social trading, read about ZuluTrade on Wikipedia, unreal for unity developers check ZuluTrade Official Website. The ZuluTrade customer support team is available at all time in several countries around the world. They can be contacted by telephone, email, or live chat service based on the website. These methods have all proven to be fast and efficient when tested by our review team.
The trader can look at a detailed breakdown of trades taken and see that some trades may have losses, even if overall there is a profit in the account. The trader can note a metric called drawdown, which shows how big a loss has been sustained within the time period. Even successful trading strategies can have significant losses which need to be sustained even if they return to profit.
We are leveraging based off an initial account balance of $3K at .07 per pip and trade up to 5 pairs at a time. Its modest but in just 2.5 weeks we have gained $199.00 US dollars and 286 pips We are on track for a gain of 40% this month. Maybe its not mind blowing awesome but we aren’t negative 300, 600 or 800 pips either. We can tell you this, seldom will you have a 100 pip loss and at the max leverage this would be 10% of account value.
Signal providers are not required to use their own capital. Therefore, you may be risking your capital copying the trades of an individual using simulated funds from a demo account. Social network features– These include forums and comment sections. Here you can review signal providers, offer advice and ask questions. Overall, the ZuluTrade demo account signal provider is simple to use and duplicates many of the features you’ll receive if you upgrade to a full account.
Although these costs can cut into profits over a considerable time period, intraday traders shouldn’t usually encounter these fees. Leon Yohai wanted to build software that allowed him to copy the trades of the best traders. By 2009, the company has over 4,500 ‘expert’ traders , and it was their portfolios that users could copy to make money. ZuluTrade has an up-to-date list of signal providers, along with performance rankings and crucial information. Traders can use ZuluTrade to connect their own online brokerage account to provide or duplicate signals.
You can join ZuluTrade from anywhere in the world to connect your account and share your trading strategy with others. Though I have to say, the past performance of traders on ZuluTrade is by no means a guarantee of future performance. I actually prefer to maintain control over my own trade decisions but understand how it can be a good solution for anyone who doesn’t have the time or experience to trade by themselves. ZuluTrade is an excellent trading platform for traders interested in social trading or copy trading. ZuluTrade is very experienced in this regard and is one of the most reputable online trading platforms offering these types of services. Therefore, if the social and copy trading aspect of trading is something you’re looking for, then you should definitely consider trading with ZuluTrade.
Today it boasts around one million users and executes a trading volume of over $800 billion. There is a social trading community forum where traders and investors can discuss everything from strategies to platform features, auto trading, and other topics. You may also give feedback and suggestions for the ZuluTrade development team here. ZuluTrade is a great service and I think your right in stressing that its not a game. I have always found that picking the right mix of signal providers is the key to sucessfully using the ZuluTrade platform. I feel its more complex than just taking a look at the rankings displayed on the main page, which sometimes don’t give a very accurate picture of how good each signal provider is.
You will also receive email notifications when the behavior of one of your signal providers changes. In addition, you can review trade performance by provider and time frame. This should help you establish who has been generating gains and losses in your account. The ZuluTrade trading platform currently provides trading for stocks, forex, binary options, commodities, such as oil, and indices, such as the NASDAQ. The platform then allows you to clone the strategies of top traders. Because ZuluTrade works with brokers, the Classic Account’s spreads vary depending on the broker.
Start trading with a free $30
ZuluTrade operates a blog where it covers macro-economic events, but neither research nor education is provided. The blog is updated frequently and adds value to the core services of this company. ZuluTrade does rank traders based on return on investment and risk behavior. Four calculators are provided, offering investors the opportunity to compute pip values, margins, and profits, while a currency converter is equally available.
The biggest claim which can be garnered from the company is that you have the opportunity to diversify your portfolio, and “optimize your performance”. On the other hand, the ZuluTrade profit sharing account variation is recommended for beginner traders, and specifically caters for exclusive copy trading through ZuluTrade. 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.
ZuluTrade is a Greek financial technology company that operates an online and mobile social and copy trading platform. The platform allows users to copy other traders in the forex. As of 2014 ZuluTrade had around one million users and an executed trading volume of over $800 billion. Don’t trade or not follow traders that have had just a wonderful week or even a great month trading history.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. ZuluTrade offers attractive services to traders of all experience levels. These services do work best if you opt for the company’s brokerage, AAAFx. Contract for differences is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, and trading on shares will incur commission. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. You can also follow the best CryptoTraders from around the globe.
The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. This account option is recommended for beginners who yet must learn by copying others. Traders can also benefit from reduced commissions on this type of account. In November 2012, ZuluTrade redesigned its website and added more new features and by the end of 2013, the company had around 120 employees, 40 of whom were designated for customer support. ZuluTrade payment methods affiliates are via Paypal (for amounts up to $3,000), bank wire transfer, and MasterCard or e-wallets.The method is depending on the broker you choose. There can be fees or it is free to deposit and withdraw.
But all seemingly best traders are not successful for long term in foreign exchange market. Margin Call-oMeter- This estimates the probability that your account will end up empty in the event that, for instance, you receive the margin call. It helps you identify the amount of capital is actually at risk.
How does ZuluTrade work?
Traders can also improve their ranking by 25% by posting a you tube video of their strategy. It used to be you ranked higher the more money you had following you because they wanted SP’s to promote the site. If you take less trades Zulu makes less money and no one is in this to not make money. This is an important tools for traders as it shows what economic news is upcoming. The trader should be aware that forecast figures are projections and may differ in reality.
On the left hand of the page, the trader can see the profits made by some of the traders who followed the trader is question. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees. New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.
Automator– 2016 saw the introduction of ‘The Automator’. This notifies you by email or automatically executes actions when events occur. For example, if profit and loss from Trader X is more than $1,500, then lock current profit. Aside from that, there aren’t any other additional costs. ZuluTrade has explained on their website that the traders you copy are paid directly by ZuluTrade, as part of the commission. Most people are aware leverage can be used to increase potential earnings.
If you are new to the field of trading and looking for an appropriate trading platform, then you are in for some hope because there is one platform out there that can genuinely help you. Now here we will have a bird’s eye view into the etoro professional client platform to evaluate the ability of this platform. After reading this review you will be able to assess this platform in a better way. However, before moving on to the details let us start with a brief introduction of the platform.
Lock Trade- This allows you to confirm the trading process when the signal is received. There is no minimum sum an affiliate can earn by advertising ZuluTrade. You will need to provide basic documents if you want to open a broker account through ZuluTrade. Zulutrade offers My Investor Account, My Trader Account and Affiliate Account.
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. Tough time for me to have believed, everything is fake , customer service is the poorest have ever seen.am just grateful after my experience fxtm pro account with them. Trader can connect and use ZuluTrade with any Broker who supports ZuluTrade, so there is no need to open a separate account but you can use the Social Trading environment ZuluTrade offers. This can be particularly positive guidance for new, or more inexperienced traders.
The choice of broker determines factors such as the minimum deposit needed to trade and the minimum trade size and spreads and leverage. However to maintain a real Investor account the trader needs to have more than $100 in their trading account. ZuluTrade is a popular online copy trading platform for traders and investors around the globe. They integrate with 70+ brokers, are regulated and offer a range of useful tools for a simple social trading experience.
Thank you for this review and for having been one of our signal providers for 10 years now. I’m sorry to hear that the platform does not meet your expectations anymore, but I really appreciate you bringing this to my attention and allowing me to share the core rules governing our platform. ZuluTrade offers to the signal or trading providers gain a commission every time someone uses their expertise while the followers obtaining trading possibilities. 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. Leaving all the heavy lifting to your chosen traders has never been easier.
The ZuluTrade trading platform currently provides trading for stocks, forex, binary options, commodities, such as oil, and indices, such as the NASDAQ and allows traders to clone the strategies of top traders. This type of account is recommended for advanced users which can benefit from manual or fully customised copy-trading, plus standard volume-based commissions. A trader should be sufficiently experienced before opening a signal provider account. It is available for all investors and it creates a protective shield for your investment capital. ZuluGuard is mandatory for the European and U.S. versions of ZuluTrade’s service. ZuluTrade offers risk-free accounts with a wide range of traders and traders combos and settings.
Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. Social trading side of the platform is quite underdeveloped, although improving. Partnered with many of the most respected brokers in the sector. You don’t have to make any trading decisions and can watch your investment grow without making any difficult trading decisions. You can learn from experts by observing their trading activity. Thanks to the ingenious of Stefan Hoermann and his team.
You have to open a forex trading account with one of the brokers which are compatible with ZuluTrade’s platform. Users of ZuluTrade can also comment directly on signal provider profile pages. This helps to hold traders to account and creates a relatively effective review process. Some social trading networks only give you access to the last 50 or 100 traders. However, all historical trades are made available at ZuluTrade. ZuluGuard is often highlighted as a particularly well-liked feature in review forums.
For this reason, Traders who violate the trading rules and put Investors at high risk are investigated, and if they abuse the company’s services, sanctioned or eliminated. Zulutrade promotes it’s own “professional traders”, that can help to make 0 from any your amount for 2-4 weeks. If you are Investor, then there are few other similar platforms which at least don’t go the same way.
FXTM Account Types
I find ZuluTrade to be one of the most advanced and feature-rich copy trading platforms that can be fully customised according to your individual requirements. The ZuluTrade platform contains many useful features including traders’ combos, Automater, ZuluGuard, crypto trading, auto trading, social charts, and user lists. However, I think eToro would be a better option simply because they have a larger user base and a greater range of innovative features.
Conclusion of the review: Is ZuluTrade legit and not a scam?
By 2009, the company had over 4,500 “expert” trader (or “signal provider”) portfolios whose trading strategies could be copied by the platform’s user base. The Trader account broadcasts every trading action to real or demo Investor accounts which follow them. Trader accounts are ranked in accordance with ZuluTrade’s ZuluRank, with the idea that the best traders are at the top of the list. This said, the program is open to anybody (individual and/or company). ZuluTrade offers to investors Trader’s Combos which are selections of traders and there are specific requirements to be in there.
Also, note you can manually set the ZuluGuard protection by looking at the Advanced Mode in the Settings section of your account. If the website goes down, or people have questions about your strategy on a Mac, your score on the risk meter bar, or anything else, try to respond swiftly. Make sure you meet any criteria, whether it’s necessary minimum equity or win ratio. Meeting the EU criteria above is particularly important if you want to appeal to the European market. Overall, the ZuluTrade applications and mobile site effectively complement the desktop-based platform. Plus, functionality has continuously improved with each update.
All in all, the trading conditions are very good in the sense that they work to maximize profits and minimize losses. ZuluTrade is a very unique and innovative online social and copy trading platform which brings traders from over 50 trading brokers together on one single platform- ZuluTrade. It allows traders to connect with one another and copy their every trade automatically in a safe and secure environment.