ZuluTrade Review: Pros, Cons and Features
This means that they must comply with a set of rules and regulations for auto trading service providers. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! ZuluTrade also offers Crypto (BTC, ETH, LTC, BCH, XRP) forex trading signals that you zulutrade review can copy to your trading account to further diversify your trading portfolio. You simply choose the traders signals that you want to copy and they do all of the trading.
How does ZuluTrade make money?
Moreover, ZuluTrade supports copy trading, enabling users to observe and replicate the strategies of experienced traders. This approach can offer valuable insights into how the markets operate https://forexarena.net/ and assist users in enhancing their trading skills. ZuluTrade offers an award-winning copy trading platform that allows beginners to learn from experienced traders by copying their strategies.
Copy trading doesn’t work
If you don’t care about the social functions and are looking for a highly regarded standalone analytical software, TC2000 is a good choice. For an affordable price, you can choose from an array of chart layouts that support over 100 indicator values. Filippo specializes in the best Forex brokers for beginners and professionals. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. Beginners can take advantage of a ZuluTrade demo account to test and learn the platform’s functionalities without risking real money.
How much does ZuluTrade cost for traders?
Most of the common information users need about the platform is available on the site. Otherwise, ZuluTrade has provided 24/5 support via email, live chat and telephone in numerous languages. Users wanting to receive prompt feedback should consider using the live chat. While using ZuluTrade, our experts found the brand safeguards personal information via industry-standard SSL encryption on its PC and mobile platforms. Funds are also not held, as the service simply provides the platform between the leader and investor. You may be charged an overnight rollover/swap fee by your broker.
- Following this, open a brokerage account with a broker that supports ZuluTrade integration.
- This depends and the traders on the platform are changing all the time.
- Now, just follow the onboarding instructions, and when prompted click “Become a Leader”.
- These institutions hold these entrusted companies accountable for their trading activities and consumer protection efforts.
ZuluTrade Features
Therefore you should take all precautions necessary to ensure the suitability, appropriateness and adequacy against your own circumstances. We further recommend that you should seek professional financial independent advice before you obtain any of the services or products referred to within this Website. This fee, however, is not charged on the Integrated and Co-Branded brokers like AAAFx or FXview.
It allows traders to link their preferred Forex broker to the platform, enabling them to exchange trading signals with other ZuluTrade users. The ZuluTrade platform is very easy to use and I like how it has some very useful tools for filtering trading strategies which makes it quick and easy to find suitable strategies to follow. They provide additional tools such as the Automator for managing your position when you are away and the ZuluGuard to help protect your account. But what makes ZuluTrade different is that ZuluTrade is a broker neutral platform, giving users a wide range of options to choose from when selecting a broker to trade with.
Strategies can also be added or removed at any time according to your preferences. I like how this makes ZuluTrade a flexible social trading platform for copy trading, allowing you to copy other traders if you have little experience. Firstly, vetted forex traders join ZuluTrade and connect their trading account to share with other traders. ZuluTrade ranks these traders based on their returns and risk in a very easy to interpret table which you can sort based on your preferred filters.
Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. The markets you can trade or copy on ZuluTrade depend mostly on the type of broker connected to it. If you do not own any brokerage account, ZuluTrade will let you choose among the brokers it is affiliated with.
This is due to the fact you are trusting the section of trades to others (similar to eToro). Zulutrade goes one step further with their automated trading robot feature. ZuluTrade operate a completely free service for those who wish to copy trading signals from their platform. They also have a relationship with more than 50 major forex brokers worldwide.
You can choose from the best forex traders and automatically copy signals from their account. This helps us choose only the forex traders to copy signals from. Please see a hand-picked selection of the current forex signals from ZuluTrade here. With ZuluTrade, you can view the performance of talented traders from 192 countries and follow their forex trading signals on your own trading account. You can combine the trader’s signals to create your own diversified trading portfolio which can help to optimize your overall trading performance.
Those in the USA will need to find alternative auto trading strategies and platforms. Zulutrade’s main competitors include eToro, FXCM, Pepperstone, and TradeStation. Each of these platforms is similar to Zulutrade in that they offer copy trading capabilities. However, Zulutrade stands out from its competitors with its user-friendly interface, advanced analytics tools, and comprehensive educational library. If you like the social features of ZuluTrade but are afraid of incurring large fees from brokers, TradingView might be worth looking into. TradingView offers unique charting features and has community-produced indicators as well.
