ZuluTrade Review

ZuluTrade Broker Review

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2020-06-19 17:14:00

ZuluTrade Broker Review

ZuluTrade is a popular social trading platform that brings together traders and investors from all over the world. The service allows investors to automatically copy transactions of successful traders, and providers to earn on their strategies. The platform provides ample opportunities for communication: forum, social chart, ratings and voting. The site has been translated into 24 languages. The interface is friendly and intuitive.

Registration

You can create an account both as a provider and as an investor. Registration is fast. Fill in the name, surname, mail and phone. Next, confirm the mail address and select the type of account: Classic (fixed commission) or Profit distribution (give part of the profit). The next step is to select a broker to trade and connect a trading account to your ZuluTrade account.

Trading conditions

ZuluTrade offers Forex, CFD and cryptocurrency trading services. The minimum deposit depends on the selected broker. The service is supported by about 50 brokers. In addition to the normal spread, brokers charge from 0 to 3 p. Commissions for linking your account to ZuluTrade. All settings for copying / broadcasting transactions are carried out from your personal account. After registration, you can get to work, combining copying transactions with self-trading. When choosing a trader, you can set certain search filters to your preferences (for example, show traders with a drawdown of no more than 30%), add traders to your watch list, view performance statistics of each trader, etc. The profit of traders from broadcasting signals is 0.5 p. For each profitable transaction or 20% of the subscriber’s profit. Additional profit can be received for invited friends - 0.4 p. from the transaction.

It is possible to open a demo account and test the service for free for 30 days (although there will be a delay of several hours on the demo signals). You can also participate in contests for demos and win good cash prizes.

Trading interface

Trading is conducted in the MT4 terminal or through the ZuluTrade web platform. There is also a fairly functional application for mobile phones. A convenient feature is the “social charts”. Here, users can mark their transactions on the chart, share their comments and reviews, exchange opinions. ZuluTrade platform has a good set of indicators and offers the ability to create trading robots by launching your own ZuluScripts. However, in terms of convenience and functionality, MT4 will be preferable to work. In addition, at ZuluTrade, we observed a disconnection from the server, which would adversely affect the results of scalping strategies.

ZuluTrade Broker Review

Safety and scam protection

The company is licensed and regulated in the EU: by the Hellenic Capital Market Commission (HCMC), license 2/540 / 17.2.2010 and in Japan: by the Financial Services Agency (JFSA), license No. 1058. Investors will benefit from the ZuluGuard proprietary feature - an algorithm that automatically disables copying if the trader suddenly changes the trading style or begins to incur losses.

Deposit and withdrawal of funds

Replenishment \ withdrawal of funds to the trading account is carried out through payment systems and in accordance with the regulations of the selected broker. Bank transfer, PayPal (for an amount not exceeding $ 1500) and Mastercard ZuluTrade are available for withdrawing profits earned from broadcasting signals. Amounts starting at $ 100 are available for withdrawal. Using the ZuluTrade platform and copying transactions is absolutely free. Costs and commissions are included in the spread for each transaction.

Support service

All questions of interest can be asked in the chat, by email or by phone. It works in shifts 24 \ 5. Response latency varies greatly from 1 min. up to 1 hour.

Conclusion

The main advantage of ZuluTrade is its social component, which allows traders and investors to communicate with each other. The openness of the platform allows anyone who wants to become a provider and profit from their strategy, which will attract many traders. From here the problem arises - the search for truly experienced and reliable signal suppliers. Therefore, investors will need at least basic knowledge of money management. We recommend that you carefully study the statistics of providers and diversify the risks so as not to turn investment into a casino.

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Damian

Damian

Author

I have been trading Forex for more than 5 years, mostly with manual and automatic trading. I set up advisors for round-the-clock automated trading. I'm sure I can help to establish your trading skills....

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