ZuluTrade is an online social and copy-trading platform. Basically, it allows traders to replicate the strategies of expert traders in the forex and financial markets to attain a degree of automated trading. However, the social feature also encourages traders to leave comments and exchange ideas.
ZuluTrade was established in 2007 by Leon Yohai and Kosta Eleftheriou as an online trading platform. Mr. Leon Yohai wished to create software that would allow him to copy the transactions of the world’s most successful traders.
By 2009, the organization had more than 4,500 professional traders (signal providers), and followers could replicate their portfolios in order to profit from their investments.
Company Details and History
ZuluTrade is a relatively young online social and copy trading platform . It was established by Kosta Eleftheriou and Leon Yohai over a decade ago back in 2007. From the onset, Leon Yohai was determined to create a trading software where inexperienced traders would be able to copy out the trades made by more experienced traders.
In only 2 years of operation, this online copy trading solutions company would amass more than 4,500 signal providers (professional traders) on their network. Novice traders would then be able to copy the trades of these seasoned signal providers and profit from the use of the copied trades.
By 2014, ZuluTrade would have a staff strength of 120 people. Out of this number of employees, they had 40 staff members that were assigned to customer support duties. 2014 was a busy year for ZuluTrade.
First of all, they added new features to their revamped website. To expand their binary options capabilities, ZuluTrade would then enter into a partnership agreement with a company known as SpotOption to build an innovative social trading platform.
Over the years this online trading site has gained a reputation as being a legit trading company. In 2015, the European Union would award this company with the prestigious EU Portfolio Management License.
This license would enhance their world-wide appeal and make them more respected in the world of online trading.
Is ZuluTrade A Safe Environment To Trade?
After re-designing their website and adding new services such as ZuluGuard in 2014, ZuluTrade has 120 staff members, with 40 of them working in customer care.
The platform was issued an EU Portfolio Management License by the European Union in 2015, which was a major accomplishment. As a result, the company gained legitimacy and respect in the international trade community.
The company then established its own broker, Triple-A Experts Investment Services SA, which offers services to traders located in the European Union as well as brokers registered in the EU.
ZuluTrade is regulated by the Hellenic Capital Markets Commission (HCMC). Its Japanese branch is registered as an investment advisor with the Kanto Financial Bureau (KFB). In the United States, it is registered with the Commodity Futures Trading Commission (CFTC) as an interbank broker and as a commodity trading adviser.
What Are The Fees And The Commissions?
In addition to the standard spread, the brokers charge a fee per transaction for linking your account to ZuluTrade. This can be as little as 0 pips with ZuluTrade’s own broker, AAAFx, and as high as three pips with other brokers.
Depending on the broker, the spread may differ significantly. Other factors that might affect spreads include the currency pair and the time of day. During times of high volatility brokers frequently increase spreads.
The commissions and fees that will be charged will be determined by the account type that you choose for copy trading.
THE NEXT GENERATION OF COPY TRADING
What Types Of Accounts Do They Offer?
What Types Of Accounts Do They Offer?
ZuluTrade Review provides these accounts at no cost to its customers. Brokers mostly operate volume-based compensation structures, and they may have higher spreads or commissions from the Brokerage as a result of the increase.
When an investor chooses to follow a trader, there are no additional fees to pay. A commission is paid by ZuluTrade to the trader.
ZuluTrade charges a $30 monthly subscription fee for its profit-sharing accounts. There will be no increase in the spreads or commissions charged by the broker.Whenever an investor follows a trader, the investor only pays the trader a profit-sharing fee if and when the trader generates profits for the investor’s trading account.
It is possible that brokers will charge a small flat commission for linking the account to ZuluTrade.Charts, statistics, alerts, and forex signals are all available through both of these types of accounts. Moreover, both allow for easy account management.
Are DEMO accounts available on ZuluTrade?
ZuluTrade provides a free demo account that is completely functional. Simply go to their website and click on the “demo” button to get started.
As soon as you have received your demo login information, you will be able to perform in-depth research and follow trade experts. You may also utilize its social features to locate the ideal settings, brokers, as well as tips and tactics, among other things.
What Assets Can You Trade?
It is completely up to the signal providers at ZuluTrade to determine which assets are traded on the copy trading platform. As a result of ZuluTrade’s extensive agreements with top worldwide brokers, traders may have the best overall exposure across sectors, including cryptocurrencies, although the Forex market constitutes the most significant percentage of trading strategies.
On top of that, you can also trade commodities, indices, and stocks.
What are the supported trading platforms?
In order to understand how ZuluTrade works, it is important to know that the user base is divided into two categories:
- Signal Providers – These are typically traders that are open to sharing their knowledge and allow their followers to copy them. The profitability of their strategies determines the amount of reward they will receive.
- Followers – These users will be able to replicate the strategies of the signal providers. As a follower, you have the ability to copy strategies from portfolios that have been developed by other followers.
Trading Platforms For Signal Providers
The following Trading Platforms are available to traders for the purpose of placing their trades:
Trading Station user interface with technical charts and indicators, as well as the possibility for Traders to develop trading robots by running their own ZuluScripts, are all provided in ZuluTrade+ for both Live and Demo Traders alike.
Thus, due to the fact that the platform is totally web-based, the Trader account is protected from connectivity difficulties and may execute EAs without the requirement for a virtual private server (VPS).
MetaTrader 4 Platform
It is possible to link a Trader account to an external MT4 platform, either live or in demo mode. Trader account becomes read-only in this situation, and all trading activity that takes place in the MT4 account is copied over to the ZuluTrade account in this situation.
ZuluTrade provides traders who use the MT4 platform with the opportunity to host their trading strategies for free on ZuluTrade’s own VPS infrastructure.
Trading Platforms For Followers
ZuluTrade does not provide a trading platform for the followers. To use ZuluTrade, investors will need to link their MetaTrader 4 trading accounts to their ZuluTrade account or access their accounts from the main website. It does, however, give comprehensive information on all traders, assesses their performance, and provides a risk evaluation. Investors will have full access to all essential information and portfolio management tools from the back-office, with mobile versions of these products also being made available to them.
Detailed statistics on all traders are available, allowing investors to make informed decisions about their investments.
Portfolio administration is made more convenient by the availability of a mobile version of the program.
How Can ZuluTrade Help You Imporove Your Trading
ZuluTrade has a blog in which it analyzes macroeconomic events in general. The blog is updated on a regular basis and contributes to the value of the company’s primary services.
There is also a section called Knowledge Crunch, filled with educational articles and guides on how to trade stocks, crypto and other asset classes.
Traders are ranked by ZuluTrade based on their return on investment (ROI) and risk taking activity. Four calculators are available, allowing investors to determine pip values, margins, and profits, as well as a currency converter, all of which are free of charge. Social Charts enables traders and investors to exchange ideas while also offering insights to the whole community of users.
Another interesting section is the Trading Floor, where the ZuluTrade team presents each week the top 5 upcoming “shining traders” that should be considered to be added to the investors’ portfolios. Evolution FX’s great results were spotted by the ZuluTrade editorial staff which placed our Expert Adviser in the top 5 upcoming “shining traders” list.
How Efficient Is Customer Support?
You can visit the ZuluTrade site if you have any technical concerns or account requests, such as obtaining a modification of leverage. Live chat is available 24 hours a day, seven days a week from that page. At the moment, this is the most frequently used way of communication for ZuluTrade users.
On top of that, there is email and phone assistance for 10 different nations, as well as a hotline that is available 24 hours a day. You may also offer feedback through the ZuluTrade website, either using an online form or by clicking ‘contact us’ from the menu bar.
How To Open An Account With ZuluTrade
Opening an account is easy and straightforward. After completing the registration process, you will receive a verification email at your registered email address. After that, you must choose your account type (Profit Sharing or Classic) as well as the Broker that you want to work with. You should keep in mind that you may connect an existing Broker account or that you can set up a new one using ZuluTrade platform.
The setup procedure usually takes between 2 and 3 business days to complete. Once you have completed all of the necessary steps and have made a deposit through your broker, you will receive the login information for your ZuluTrade account.
To keep your Broker account linked to ZuluTrade active, you must maintain a minimum balance of $100 in your account. If your account balance falls below this amount at any point, your Broker account will be disconnected from ZuluTrade.
Deposits and Withdrawals
The deposit and withdrawal options available to an investor or trader are totally reliant on the broker that they are using. ZuluTrade does not assist in the processing of payments in any way.
What are the ZuluTrade’s Unique Features?
There are four major features available to investors, each of which is designed to optimize profitability, improve security, simulate portfolios, and deliver personalized portfolios picked by ZuluTrade’s pros. The combination of auxiliary services is one of the most important reasons why this company has established itself as a premier source within the social trading scene, and is continually expanding its reach and influence.
- Automator – When certain circumstances occur, you will be notified via email or actions will be taken automatically. This function performs actions based on rules that you specify. For example, if the profit and loss from Trader X total more than $1,000, the present profit should be locked. All of these can support you in reducing risk and freeing up time.
- ZuluGuard – Unique feature that protects copy traders when traders they are following initiate faulty transactions in their accounts. This is a fantastic addition to your risk management arsenal.
- The Simulator – will provide investors with an overview of previous performance in order to have a better picture of what to expect in the future.
- Traders Combos – The managed trading services provided by ZuluTrade help to increase portfolio diversity while simultaneously reducing risk.
What are Traders' Combos?
High Performance Traders
Managed Trading Services
Full auto-pilot or Semi-automation?
ZuluTrade Verdict: Is ZuluTrade The Right Copy-Trading Platform For You?
Founded in 2007, ZuluTrade is a social trading platform that is fully regulated by the authorities. When it comes to following trading strategies, ZuluTrade is unquestionably the best option for investors. The extensive agreements with global brokers provide the greatest possible cross-asset exposure as well as approach variety and diversification.
Many retail traders may be unable to sustain the cost structure of the profit-sharing account, which is the primary source of concern.
One of the most attractive services offered by ZuluTrade is the Traders Combos, and the three other unique features presented further improve and secure investors. Since its acquisition by the Chinese-based Formax Group, which was motivated by a desire to get the patents and technology that enable ZuluTrade, it has transformed into a fintech company that is moving into the cryptocurrency market. Social traders will be well-served at this company, and traders with successful strategies will benefit from the firm’s volume-based incentive program, which will allow them to increase their revenue.