ZuluTrade review: Is it a legit or scam copy & social trading platform?

zulutrade review
zulutrade review

Users can contact the support team via email, live chat, phone or social media. The Zulutrade team is highly responsive and knowledgeable about the platform’s features and services. Zulutrade also offers an affiliate program that allows users to earn commissions by referring a new investor to the platform. The affiliate program is designed to help investors maximize their profits and take advantage of the growing popularity of copy trading. Affiliates can receive up to 40% commission on all referred trades.

I appreciate how they’ve provided a facility where you can leave feedback and suggestions to the ZuluTrade development team. I find ZuluTrade to be one of the most advanced and feature-rich social trading platforms that can be fully customised according to your individual requirements. The ZuluTrade platform contains many useful features including Automator, ZuluGuard, crypto trading and auto trading. However, I think eToro would be a better option in my opinion simply because they have a larger user base along with some other innovative features.

Over 60 brokers worldwide offer ZuluTrade’s cutting-edge technology with over 1.5 million registered users across the globe. Had the recommnded setting and both times my demo account started OK and then got obliterated by bad traders. To make it worse after one month their sales guy was on phone trying to ahrrass me to go live with my real money. However carefully you choose traders to follow, each one will eventually experience a sudden and large loss which will more than reverse all gains. Note that when this happens, the trader will simply open a new account so that their bad trading losses no loger show up in their performance.

This can be beneficial for people who regularly trade, such as daily or weekly trading. You can start using the MetaTrader 4 platform with zulutrade in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. Zulutrade allows traders to trade on mobile devices through Android and iOS devices. If you are a new entrant in the realm of online trading and brokerages, so many details will no doubt be perplexing for you.

zulutrade review

You will see the ‘Trader’ section on the upper corner of the homepage of ZuluTrade. From there you can check and read about the available Traders to choose from. When you have already decided which Trader you want, you will be prompted to a section called ‘Trader’s Strategy’ where you can select the available amount of the trading capital you wish to invest in. For advance/professional Traders, you can go to ‘Advanced Settings’ if you wish to make any additional changes or special indications .

We are transparent and we provide by far the most detailed view on trading systems that are on our platform. Thank you again for taking the time to share your experience with us. It’s so easy to use for a beginner like me who literally has no knowledge and zero trading skills. I could have never imagined that copy trading can be so much fun.

If you like , you may communicate your suggestion to your broker. Once the broker addresses this request to us, we will arrange the integration. But if you stick to trader with long history, low draw down and small stop loss then you can get some good traders. Often they are ranked over 50+ so it use the filters provided. As you can see, ZuluTrade is for everyone and the best use of the tools that we provide may increase the safety of your account and the profits obtained.

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For example, you can choose to see only those who have traded their own money, had a maximum drawdown of 20%, and traded for at least a year. This account gives you access to charts, data, alerts, and forex signals. Head over to ‘my account’ and you will get access to all the basic functions, from reviewing performance rankings to the ‘delete account’ button. As an investor, deposit and withdrawal methods will vary depending on the partnered broker. It is also worth checking for any deposit and withdrawal fees applied by the online brokerage.

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All social trading platforms in the forex market have limitations, but some have better quality traders that can be copied/followed and I prefer to use those platforms over Zulutrade. The platform also provides advanced analytics and trading tools that help users identify opportunities in the markets. Users can access real-time data, charting tools, economic calendars and more. Zulutrade also provides detailed reporting so that followers can track their performance.

Is zulutrade a market leading broker?

I believe it is thus imperative to ensure that you check and understand all of the latest information before you open a ZuluTrade social trading platform account. ZuluTrade provides you with the opportunity to AutoTrade some of the most sought-after cryptocurrency pairs available including BTCUSD and ETHUSD. You can copy experienced crypto traders from around the world through ZuluTrade’s fully-fledged web-based trading platform. Having these statistics readily available to view and compare, helps make finding a suitable trading strategy to copy signals from as easy as possible. You must know that ZuluTrade does not recommend or make any implications about the future performance of any of the trading systems on their social trading platform. ZuluTrade provides social and copy trading services across forex, indices, stocks, cryptocurrencies, commodities and more.

  • I appreciate how they currently support brokers from all over the world including the United States, Europe and many other countries.
  • The platform has been around since 2010 and is based in Melbourne, Australia.
  • Thanks to the transparent ranking system and advanced search filters which made the process of selecting the right trader quite easy for me.
  • Often they are ranked over 50+ so it use the filters provided.
  • This 2023 zulutrade review will guide you clearly about trading with them.
  • ZuluTrade only chooses Brokers that are secure, reliable, regulated, and legit.

This means that traders based in the EU will be provided with a high level of protection, which includes deposit protection. Financial services regulations in the EU are very stringent, and these are some of the leading regulators in the world. The customer support team operates 24 hours a day, five days a week.

They make it quick and easy to find signal providers according to your own preferences. I think they can be a good solution for anyone who doesn’t have the time to trade manually or those of you who have a good strategy that you want to share with others and get paid for it. Essentially, it allows traders to copy the trades of experienced traders in the forex and financial markets to achieve a level of automated trading.

ZuluTrade Review – Additional Offerings

Generally, all brokers that can be linked with ZuluTrade offer an Islamic account on demand that can be opened at no additional cost. A key point of any Zulutrade forex review should note that they are well-regulated. Zulutrade is regulated in Greece by the Hellenic https://forexarena.net/ Capital Market Commission and in Japan (2014 – No. 1058 Member Associations / General Japan Investment Advisers Association).. Once you are set up as a trader with ZuluTrade you will will be compensated depending on the volumes traded through the ZuluTrade account.

zulutrade review

Finally, you mention that you failed to connect your account to ZuluTrade while you communicated your problem with our Operators. As for your comment-feedback regarding our Affiliation Program, we would like to point out that the Program lists more than 35K partners, closely monitored by our dedicated Affiliates Desk. We have set up strict rules and guidelines with the aim to ensure that the values of ZuluTrade will be respected by those who will decide to partner with us. These rules have been clearly communicated with all ZuluTrade Affiliates. First 2 trades were not completed and not copied to investor.

ZuluTrade Review: Commissions

Yes, trading through zulutrade is a pleasant and decent experience indeed. It’s a great and intuitive platform with helpful features for your simplicity. In addition, you could also gain access to a huge collection of educational tools and assistive substance to kickstart your trading expertise. The reason that zulutrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, zulutrade has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, zulutrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

ZuluTrade provides a platform that connects investors of all skill levels with professional traders to achieve profitability. Its support offers prompt feedback in various languages, and the platform enables engagement among traders. ZuluTrade’s copy trading platform feature enables investors of all skill levels to follow professionals and open the same positions as them. The alternative is for the user to set personal parameters and also use ZuluTrade’s technical and fundamental data to trade manually. Licensing bodies will set regulations and ensure that trading platforms comply with the terms of their licence as long as they are offering you trading and financial services.

What Is ZuluTrade?

They know fully well the trades were closed in profits were also supposed to be closed on my follower account. They have decided to ignore evidence and facts and want to claim that the mt4 account was not linked when 2 days ago it was working fine… First they claim the mt4 account was expired and now they want to claim it was not linked. Whether you get charged any fees for using ZuluTrade will depend on what type of account you have. Classic accounts will be charged a small fee on every trade, whereas Profit Sharing accounts require a flat monthly fee, with fees only chargeable if you turn a profit. ZuluTrade is licensed and regulated in a number of jurisdictions, including the US, the EU and Japan.

MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality zulutrade review and advanced order management tools make certain you could monitor your positions quickly and economically. Within the fast-paced world of financial markets and trading, you will need guidance to make correct decisions. A professionally lead investment online trading platform could assist you in minimising any losses and maximising any profits.

You could also consider practicing using a free demo account. That way, you are not taking any risk and see how things unfold before putting your own funds at risk. Zulutrade provides customer support through various channels.

Offering the perfect combination of brokerage connectivity and social networking, ZuluTrade is definitely one of the best social trading platforms out there. TradeStation is a powerful trading platform that offers advanced charting, customized trading strategies and automated trading capabilities. However, Zulutrade stands out from TradeStation in that it provides copy trading functionality. This allows users to copy experienced traders and benefit from their expertise without having to manually execute every trade. Zulutrade is more user-friendly than eToro and offers a wider range of features such as advanced analytics tools and detailed reporting.

This information is available to all users, enabling them to make informed decisions when selecting traders to follow. An additional advantage of the Platform is that it provides the ability and ease of driving selected trades to broker accounts of the interested parties. The concept of ZuluTrade is to offer an open environment, where traders on a global-level can connect any trading platform and share their knowledge. Founded in 2007, ZuluTrade is the most renowned social wealth management platform out there. The platform provides social trading services and enables traders to share their knowledge with investors interested in their strategies. Profit-sharing accounts are specifically designed for copy-trading purposes through Zulutrade.

Social trading is the core product offering developed by ZuluTrade, and it is the feature that keeps its legion of loyal followers trading with the platform. We have been in the industry for more than 13 years offering innovative copy trade and social trading features to our Users, Investors, Traders, Brokers and Partners. If you have a Profit Sharing profile, you pay a $30 per month subscription fee, plus broker fees and commissions. Leon Yohai and Kosta Eleftheriou established the company in 2007. Yohai made software to copy the positions of the top traders in the market. Now it is considered one of the most creative copy trading tools in the world.

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