ZuluTrade – Forex broker review and feedback. Social trading feature

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ZuluTrade – forex trading platform

вњ… This Trading Platform is available in Singapore

Overview of innovative trading platforms: ZuluTrade

The modern market of financial services on the Internet offers a lot of ways to get a stable income, regardless of such factors as age, gender, social status, education or place of residence of a potential investor. If 20-25 years ago, trading on the Forex market was a rather labor-intensive process, today a trader can conclude a huge number of transactions every day, using hundreds of currency pairs for these purposes. On the one hand, the rapid development of online trading can be considered a positive phenomenon, but on the other hand, this trend has contributed to the emergence of a wide variety of fraudulent schemes that allow you to deceive not only beginners, but also fairly experienced specialists in this industry. Not surprisingly, the emergence on the market of such a participant as ZuluTrade caused an ambiguous reaction from brokers, traders, financial analysts, etc. But the most interesting thing is that the presented Internet platform has been operating for more than ten years, despite the unceasing around it controversy. It’s hard to imagine how to deceive your customers with impunity by continuing to provide financial services for a decade.

But, how impressive is the amount of negative reviews on specialized web resources, in which the creators of the service are not just called scammers, but provide sufficiently convincing evidence of their illegal activities? Before drawing any conclusions on this issue, it is necessary to study in detail the submitted player of the global financial market.

What attracts customers of online platform ZuluTrade

ZuluTrade company was founded in 2007, and its main activity can be called intermediary services, the purpose of which is to bring together the most talented and professional traders of our planet with investors who want to make money on the financial markets. That is, the “experts” who call this site a forex broker make a big mistake. In their functions and methods of work, they are very different. But this does not interfere with the analysis of the activities of ZuluTrade, using the same indicators as for conventional brokers.

User security

The presented service provides its customers with access to the list of the best traders, which allows them to make a profit by copying transactions of the most successful traders in financial assets. After registering on the site, you get the opportunity to work: fully automatically (the provider’s choice is carried out by the program), combining the copying of transactions with independent trading, as well as controlling all the important points of this procedure (specify the criteria for choosing traders and personally conclude financial transactions). In this regard, the Internet site does not put any restrictions on its users, which is a significant advantage for its rating and ensuring the safety of your investments.

Applications and platforms created for ZuluTrade make it possible to conduct financial transactions from virtually any device, regardless of the location of the investor. In this case, users can not be afraid that someone will get access to their personal information, transactions or deposits.

In order not to become a victim of the provider (relevant, first of all, for the participants working in automatic mode), who for some reason decided to change tactics abruptly, the Zuluguard service is provided. This function closes all risky transactions that can cause serious losses for the company’s client. Another important assistant ZuluTrade Alchemy allows you to determine the level of success of users of the resource.

В Activity regulators

The fact that the platform is operating in the United States, and its activities are regulated by the National Futures Organization (NFA) and the Commission for Exchange Trading (CFTC), automatically cast doubt on the veracity of all negative reviews about the company. These institutions are justifiably considered as a guarantee of the reliability of financial companies, therefore, having registered a login with ZuluTrade, you can always count on protecting the interests of users of the Internet platform.

Training

Despite the fact that the company’s website contains much less training materials than well-known forex brokers offer their users, this is quite enough to get the necessary understanding of the functioning of the Internet platform. On the website of the company you will find:

в—Џ trading guides;

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в—Џ description of provided forex tools and services ;

в—Џ a question and answer rubric;

в—Џ Contacts to get in touch with support representatives.

The demo account available on ZuluTrade allows the new participant to undergo practical training without spending a single penny of personal savings for this purpose.

Trading conditions on the ZuluTrade Internet platform

Each representative of the global financial market, despite loyalty to his clients, always establishes certain rules for working on his website. The study of the established parameters and restrictions is a must for anyone who plans to register an account on the web resource that interests them. In many reviews compiled about ZuluTrade, very little attention is paid to this issue, which is most likely due to the specifics of the service’s activities.

Terms of cooperation

в—Џ The minimum deposit is $ 300.

в—Џ Minimum transaction amount – depends on the site on which the provider operates.

в—Џ Currency accounts – American and Australian dollars, euros, Japanese yen, British pound.

в—Џ Affiliate program – provided.

в—Џ Competitions – available.

Deposit and available assets

The question of crediting the account depends on the selected trader and broker who is a direct participant in the financial transaction. As for the available assets, if several years ago the key instruments were currency pairs, today, more and more attention is paid to cryptocurrencies (the latest information on this issue is posted on the official website of the company).

Reviews of the resource, experience of the resource, as well as organizations that control its activities, prepared about ZuluTrade, are convincing evidence that this company is not a fraudulent scheme. But it is possible that any mistake of users on this website is immediately used by the administration in its favor. As a result, inattentive clients lose money, which is what causes the creation of negative comments.

ZuluTrade Review and Tutorial 2020

Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets

ZuluTrade Facts & Figures
Instruments CFD, Forex, Crypto
Demo Account Yes
Min. Deposit $1 to $300 (Broker choice dependent)
Min. Trade $1
Regulated By HCMC
MT4 Integration Yes
Mobile Apps iOS and Android
Auto Trading Zulutrade are market leaders in automated trading. From scripts, to auto execution, APIs or copy trading.
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread 1 pt var
GBPUSD Spread 0.8 pips var
Oil Spread 2.2 var
Stocks Spread
Forex
GBPUSD Spread 0.8 pips var
EURUSD Spread 0.6 pips var
EURGBP Spread 0.9 pips var
Assets 40+

ZuluTrade is an online social and copy trading platform. Essentially, it allows traders to copy the trades of experienced traders in the forex and financial markets to achieve a level of automated trading. However, the social element also enables traders to leave feedback and share ideas. Today it boasts around one million users and executes a trade volume in excess of $800 billion. This ZuluTrade review will break down how it works, covering costs, live accounts, user reviews, regulations, and more.

A Brief History

ZuluTrade was founded in 2007 by Leon Yohai and Kosta Eleftheriou. 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 (signal providers), and it was their portfolios who users could copy to make money.

By the time 2020 rolled around, ZuluTrade had re-designed their website, added a number of features, such as ZuluGuard, and had 120 employees, 40 of whom were in customer support. In May of that year, the company announced a partnership with SpotOption, to create a social trading platform for binary options.

2020 brought with it a success as the platform was awarded an EU Portfolio Management License from the European Union. The resulted in the company becoming both legitimate and respected in the trading world.

Minimum Initial Deposit

ZuluTrade has a relatively low minimum deposit requirement. Certain brokers available with ZuluTrade require a minimum deposit of just $1, others may require $300, £210, €250, 25,000 JPY or 300 AUD.

You can sign up for their demo simulation account, however, for free. You will find more details about their practice account further below.

Spreads & Commissions

A commission is charged per trade by the brokers, in addition to the normal spread, for linking your account to ZuluTrade. This can be as low as 0 with ZuluTrade’s own broker, AAAFx, whose headquarters are in Greece, and up to three pips elsewhere.

The spread (the difference between the buy and sell price) will vary between brokers. The currency pair and time of the day can also influence the spread. For example, brokers often widen spreads during periods of high volatility.

Leverage

Most people are aware leverage can be used to increase potential earnings. However, before you download an account, you should also note trading on leverage can amplify losses and open you up to margin calls.

Normally, the higher the leverage, such as 1:1000, the lower the used margin, which usually means an increase in the free margin and margin level. However, this can lead to overtrading and with a high drawdown, your account may hit a stop out level.

So, to avoid risk, it’s often recommended to use 1:100 leverage.

Other Trading Fees

Before you sign up and log in to ZuluTrade, you should also be aware of any additional costs. For example, you can be charged an overnight rollover/swap fee. The amount will depend on the currency pair you are trading. Although these costs can cut into profits over a considerable time period, intraday traders shouldn’t usually encounter these fees.

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.

It’s also worth noting that if you head over to their website, every now and then you may find deposits bonuses and promotions.

Trading Platform

How It Works

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.

For those wondering how it works, the user base is essentially split into two categories:

  • Signal providers – These are normally traders who are willing to share and be copied by their followers. Their compensation fees are determined by the success of their strategies.
  • Followers – These users can copy the strategies of the signal providers. As a follower, you can also copy strategies of the portfolios created by other followers.

Features

Once you have your Classic login account details, you can then start using a number of useful features, including:

  • Lock Trade – This allows you to verify the execution of a trade after the signal has been received.
  • Automator – 2020 saw the introduction of ‘The Automator’. This notifies you by email or automatically executes actions when events occur. This function acts on rules that you add. For example, if profit and loss from Trader X is more than $1,500, then lock current profit. This can all help you minimise risk and free up time.
  • Social network features – These include forums and comment sections. Here you can review signal providers, offer advice and ask questions.
  • Margin Call-o-Meter – This estimates the chance your account will run out of money, for example, if you get a margin call. This helps you establish how much of your capital you are actually risking. However, this is just an indicator and should not replace an effective money management system.
  • ZuluScript – This enables you to create scripts that form the parameters for trading bots. These are also commonly known as expert advisors (EA). This gives you trade automation, allowing you to execute far more trades than you ever could manually.
  • Cryptocurrencies – Recently added to the portfolio, traders can now take a view on whether cryptos are the next big thing, or a bubble.
  • ZuluGuard – A unique feature that protects Copy Traders if erratic trades are opened by traders they are following. An excellent risk management addition.
  • Calendar – An easy to access summary of all key events for the financial markets around the globe.

In addition, if you’re concerned about how to choose a signal provider on ZuluTrade, you can use the ZuluRank calculation. This proprietary algorithm ranks traders by a number of different factors, including:

  • Sharp ratio
  • Low drawdowns, High profits
  • Age of signal provider
  • Amount of trade activity
  • Frequency that trader logs in
  • Length of time trade stays open

ZuluTrade To MetaTrader

It is possible to link an external live or demo MetaTrader 4 (MT4) platform to a trader account. So, for those asking does ZuluTrade work with MetaTrader accounts? The answer is yes.

ZuluTrade vs Competitors

What does ZuluTrade offer vs eToro, Mirror Trader, NinjaTrader and other systems? You can easily view rankings of investor performance. The simulator also shows the overall profit.

In addition, you can set up email notifications for when margin calls occur. You can even download an Excel spreadsheet of all simulated trades.

Perhaps it is the sheer number of traders you can copy that sets ZuluTrade apart. You have access to over 10,000 traders from 192 countries. You can then use ZuluTrade’s advanced search engine to hone in on the best. For example, you can choose to see only those who have traded their own money, had a maximum drawdown of 20%, and have traded for at least a year.

Many users also like to copy more than one trader. So, you can utilise UserLists to manage your potential candidates. This will also allow you to monitor an individual for a while before copying. In addition, you can share lists amongst users.

After you have found a trader you wish to follow, you can assign a specific amount you want to trade per signal you copy. Alternatively, there is a ‘Pro rata %’ option. For example, 20% would mean if the trader opened 1 lot, 0.2 lots would be opened in your account. On top of that, you can set a ‘Max Open Position’ for a particular trader.

You can review your account performance at any time. Daily and weekly summary reports will be sent via email. You will also receive email notifications when the behaviour 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.

Mobile Apps

ZuluTrade also provides Android and iPhone trading apps. Those with Windows mobiles and tablets can also download their trading apps. Once in the application, you can view your performance, review new traders to copy, plus close trades manually. In addition, select go ‘real-time’ and you can manage your risk settings.

Overall, the ZuluTrade applications and mobile site effectively compliment the desktop-based platform. Plus, functionality has continuously improved with each update.

Methods of Payment

Money funding and withdrawal methods will vary based on the broker the trader uses, but include:

  • PayPal
  • Bank wire transfer
  • ZuluTrade Mastercard

Testimonials and reviews of ZuluTrade have been quick to highlight payment commissions and withdrawal fees, but again, these will vary based on which broker is used.

ZuluTrade Accounts

When choosing to open a live account, you will have to decide between two straightforward options. These are:

  • Classic – This is recommended for advanced users. You will benefit from manual or fully customised copy-trading, plus standard volume-based commissions. However, be sure you are sufficiently experienced before you open a signal provider account.
  • Profit sharing – This option is recommended for beginners as you get to learn by copying others. Traders will be compensated when you profit and penalised when they lose. You also benefit from reduced commissions.

Note both options give you access to charts, data, alerts, and forex signals. Both also allow for straightforward account maintenance. Head over to ‘my account’ and you will get access to all the basic functions, from reviewing performance rankings to the ‘delete account’ button.

Once you have decided on your account you will then need to choose between supported brokers. Details of which can be found further below.

Demo Account

ZuluTrade offers a free fully functioning demo account. Simply head over to their website and select the demo option. You will then need to enter the following basic information:

  • Name
  • Email
  • Phone number
  • Location
  • Leverage
  • Base currency
  • Virtual account balance

Once you have your demo login details, you will be able to conduct in-depth analysis and follow trading gurus. You can also use their social features to find the best settings, brokers, plus tips and tricks.

Overall, the demo account signal provider is easy-to-use and replicates many of the features you will get, should you choose to upgrade to a live account.

How To Become A Signal Provider

Many reviews highlight that educational sources focus on forex trading videos and broker comparisons while leaving out guidance on how to become a signal provider. Yet some of the best ZuluTrade success stories are from those who have in effect sold the rights to their trading strategies.

This is because you get 0.5 pips per lot traded by someone following you with a real money account. ZuluTrade reports the weighted average is around $4 per trade per standard lot. So, if you can accumulate over a hundred followers, that can add up to fairly significant commissions.

So, what do you have to do? Firstly, you will have to meet the following criteria:

  • Maintain a maximum historic drawdown of less than 30%
  • Average pips per trade must be more than 3 pips
  • Trade on ZuluTrade for at least 12 weeks

Obviously, you can’t maintain a negative balance, but what else would a good trader guide recommend you do to get a sizeable amount following you?

  • Upload a professional, friendly default photo. The right photo icon will help build trust.
  • Be clear and concise when you explain your strategy. For example, suggesting how many lots a follower should invest and how you plan to offset any potential pitfalls.
  • Trade with a real money account. This is because people will trust your decision making more if they know you are risking real capital too.
  • 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.
  • Due to inevitable broker slippage, you may want to avoid scalping strategies.
  • Also, trading during news announcements can lead to substantially different results between yours and your follower’s accounts. This is because some brokers will widen spreads during news events.
  • 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. Communication is key to building trust.
  • Try practising with a ZuluTrade demo account first. This will give you an idea as to how other experienced signal providers trade and communicate with their followers.

Additional Features

Forums and blogs are quick to highlight that there are a number of attractive additional features you get with ZuluTrade. These include:

  • Pip calculator
  • Profit calculator
  • Margin calculator
  • Currency calculators
  • Economic calendar
  • Access to news

On top of that, there are also training videos, tutorials, user guides, and PDFs that should be able to help you with any problems. Through their Followers Academy, they also offer advice on how to choose from their long list of supported brokers.

Safety & Security

ZuluGuard is often highlighted as a particularly well-liked feature in review forums. It is an effective account protection feature. It works by monitoring each trader’s behaviour and removing a user when a draconian strategy is detected. This should help keep your income safe from erratic traders.

Also, note you can manually set the ZuluGuard protection by looking at the Advanced Mode in the Settings section of your account.

Regulation & License

The ZuluTrade trader program is now regulated. As a copy trading solution for brokers in the EU, ZuluTrade has obtained a Triple-A Experts SA license from Greece’s Hellenic Capital Market Commission (HCMC).

Unfortunately, this does not automatically mean you will now be able to receive huge millionaire payouts without any risks. It simply means according to ZuluTrade, that their platform fully complies with EU framework for auto trading service providers. As such, brokers do not require additional regulation themselves to offer the platform to their clients.

Benefits

ZuluTrade signal provider reviews are particularly impressed with a number of features found on the platform. These include:

  • The totally free and fully functioning demo account. This is perfect for beginners looking to get familiar with the markets.
  • A huge number of traders to follow and copy. This could result in greater signal provider earnings.
  • There is a wide choice of brokers from a long list of different countries. See below for more details.
  • Some social trading networks only give you access to the last 50 or 100 traders. However, all historical trades are made available at ZuluTrade. This ensures total transparency.
  • ZuluTrade offers relatively low on-going fees. You only have to pay for the spread. In addition, there are no entry costs and minimum deposits start at just a few hundred dollars.
  • Reviews from forex trading show users are impressed with the wide range of performance indicators and graphs provided to help evaluate signal providers.
  • 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.
  • On top of forex, users also have access to Cryptocurrencies.
  • You can benefit from reliable and easy-to-use mobile apps.
  • December 2020 saw ZuluTrader make changes to increase investor protection to stay in line with EU legislation. EU residents can now only view the top 1,000 traders who comply with stringent criteria, demonstrating consistent and reliable performance. The result of this is that all traders now aim to adhere to these rules.

Drawbacks

Despite many of the benefits highlighted in Zulutrade.com reviews, there are also certain downsides and risks to consider. These include:

  • For each successful signal provider, there is also a whole load of inconsistent traders.
  • 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.
  • Signal providers are not formally vetted. The ZuluGuard feature does mitigate this risk however, removing traders and/or withholding fees where appropriate.
  • 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 (bitcoin) traders.
  • A significant amount of monitoring is required to select an effective mix of traders.

To conclude, you shouldn’t necessarily run to ZuluTrade alternatives because of the downsides listed above. These are problems with most similar sites. As long as you are aware of the risks and willing to put in the time, you may still make attractive gains.

Trading Hours

Trading should not be performed outside of ZuluTrade’s market hours. The market opens at Sunday 22:00 UTC and closes Friday 22:00 UTC. During Eastern time daylight saving, the market will open on Sunday at 21:00 UTC and close Friday 21:00 UTC.

Note trading hours are close to competitors and similar sites.

Contact & Customer Support

If you have any technical issues or account requests, such as to change leverage, simply head over to the ZuluTrade homepage. From there you can find live chat is available 24 hours a day. This is the most popular method of contact for ZuluTrade users at present.

On top of that, there is email and phone support to 10 countries, plus a 24-hour hotline. You can also go about using the ZuluTrade website to submit feedback via an online form or by selecting ‘contact us’. The website is available in all of the following languages:

In fact, their long-term commitment to reliable customer support was recognised with a BrokerNotes triple AAA support rating.

ZuluTrade Verdict

Overall, the ZuluTrade.com offering is attractive to traders of all experience levels. The ever-growing number of users alone demonstrates that. Yet despite being user-friendly, the service does work best if you opt for the company’s own brokerage, AAAFx.

In addition, staying profitable isn’t always straightforward. You need to be aware revenue can disappear just as quickly as it appears in your account. So, having an effective strategy and money management system in place is essential.

Accepted Countries

ZuluTrade accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

ZuluTrade Review – Detailed and Honest Opinion

Broker ZuluTrade
Website URL zulutrade.com
Minimum 1st Deposit Depends on the broker selected, starting at $300
Bonus Demo Account
Leverage Depends on the asset. EU clients up to 1:50 and the rest of the world up to 1:500
Free Demo Account
Regulated
Regulation EU and JP
Number of Assets Forex, CFDs, Crypto
US Traders Allowed
Overall Score 70

Copy and Social Trading Platform open to 50 Top notch Brokers

Regulated in EU and Japan

Advanced Trading Strategies to Copy

Copy and Social Trading Platform open to 50 Top notch Brokers

Regulated in EU and Japan

Advanced Trading Strategies to Copy

ZuluTrade Review (Our opinion)

Please note that this is the ZuluTrade review summary page with our opinion. You’ll find more detailed reviews of the various ZuluTrade interface features, broker choice, costs and performance on the next pages.

So let’s start the review with some pertinent questions:

  • Can you make money with ZuluTrade? Yes, you can.
  • Is it easy to make money with ZuluTrade? No, some effort and Forex trading knowledge are required. When we started trading on the platform we managed a 15% profit on our portfolio in the first month and lost 30% in the next. But, by learning from our mistakes and applying some rigorous risk management we’ve been managing positive returns since then.

What is ZuluTrade?

ZuluTrade is a social trading network and platform that connects you with thousands of traders (also called ‘signal providers’) around the world. Instead of studying the market and trading yourself, you select the signal providers you’d like to follow instead. The Zulutrade platform will then convert their advice and trades directly into your own account (with one of their supported brokers or their own AAAfx broker).

At any time, you can close trades opened in your account by these traders manually yourself. In the ZuluTrade interface, you can also set limits on what trades you like to take at the account level (e.g. only EUR/USD trades) or at signal provider level (e.g. no more than 5 open trades at any time).

More than any other social trading network and auto-trading platform, ZuluTrade is “open” and accessible to everyone. For you (the investor) this is great. There’s a free fully functioning demo (click here to try ZuluTrade demo) and you can start investing with “real money” from as little as $300, £210, 250 Euro, 25,000 JPY or 300 AUD. The sign-up procedure is easy and straight-forward. However, the openness also means everyone can become a Signal Provider. Signal Providers do not necessarily trade with their own money (they can send signals from demo accounts) and their profiles are not formally vetted by Zulu Trade (i.e. if they say they traded professionally for 10 years, it’s their word and nothing more).

What instruments can you trade? Can you copy other traders?

While initially, ZuluTrade was pretty much a pure social forex trading network, since they added CFDs in 2020, more signal providers now also trade gold, silver, commodities, and indices in addition to forex currency pairs. And in addition to Forex/CFD traders, Zulutrade added binary options to their platform in 2020, but they discontinue them in 2020 before ESMA at 2020, ban distribution or sale of binary options to retail clients . . So now you can choose to trade yourself or copy other traders in either forex or binary options mode. Have you heard about cryptocurrencies? Guess what, Zulutrade decided to ride on that train too.

How to identify the best traders at ZuluTrade

The amount of “forex traders” to follow and copy is massive (> 10,000), though ZuluTrade does provide you with an advanced search engine that allows you to slice and dice through that list against your preferences; e.g. only show me traders with over 52 weeks history, who trade their own money and have a drawdown of less than 20%. They also have a performance table (see image on the right) in which they rank all “traders”. Until last year, they ranked using a proprietary algorithm, “ZuluRank”.

While this did improve over time, we saw more than one trader make an appearance in the top 5 in one month (and significantly increase its number of “live” followers) just to make a large loss and drop out the top ZuluTrade rankings the next month. Now the default ranking is by “Live Followers Profit” which seems fairer and more relevant (btw, you can rank on other performance indicators too).

Because the list of traders is very large and new ones are added every day, ZuluTrade introduced the concept of UserLists and more Recently ZuluTrade Traders Combos, to help you better manage them. You can create one or more UserLists of traders, which is useful if you want to monitor them for a while before you copy them. You can also share your lists with others and view lists created by other investors.

Assessing potential traders

For each “trader/signal provider” you can view a good range of performance indicators and graphs to help you evaluate them. What’s important here to mention is that ZuluTrade is totally transparent. In fact, they share every single trade a trader has done in the past and you can download all the historical trades in Excel as well, allowing you to do your own proprietary analysis (in comparison, some other social trading networks only give you access to the last 50 or 100 trades). While all the information is clearly there and presented in a variety of useful ways, looking for consistent and trusted “Traders” still requires some skill and regular fine-tuning. If you’re new to Forex trading it will take quite a few months before you assemble a portfolio of ZuluTrade “traders” you trust and who match your own investment profile and risk/reward strategy.

Why you should check out ZuluTrade’s ‘Social Charts’

The social aspect is delivered through an active forum and customer feedback and votes which can be directly left on the signal provider’s pages. In addition, you can link your ZuluTrade account to your Twitter or Facebook account, which will post a message every time a trade is closed in your account (winner or loser). They also introduced a unique feature called ‘Social Charts’. This allows you to share your comments directly on any instrument chart, and interact real-time with other ZuluTrade followers and traders as market events happen.

Unique features of ZuluTrade

Performance on slippage scenarios

Slippage is an important factor with forex autotrading platforms and a key driver of this is how quick the system executes the trades from the traders or trade signals you follow in your own trading account. While some slippage does occur and on very few occasions some trades were missed, we’ve found this to be more a factor which relates to the broker and signal provider choice (i.e. higher slippage with scalpers because these traders look for small quick profits in volatile market conditions), rather than of the execution speed or reliability of the ZuluTrade autotrading platform.

Risk management

It used to be very easy to blow your ZuluTrade account by getting the settings wrong for one “trader” who may change their strategy from one day to another (and there are many stories on Forums of people who get this wrong). However, ZuluTrade did introduce some very useful additional risk management features in December 2020 which allow you to set a maximum loss you’d take in monetary terms for each “trader/signal provider” before your account automatically stops following them and closes any open trades they had in your account. This feature is now called ZuluGuard™ Capital protection, and it also takes into account your overall risk profile based on the short suitability questionnaire you complete when registering with ZuluTrade.

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