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The user interface is well designed and very user-friendly, allowing beginner traders to easily manage their portfolio and follow and copy the best and most consistent traders. In addition to the first point, some signal providers may or may not use their own money to trade. For this reason, you want to keep a close eye on the actions of the traders you follow, until you find the right ones- this comes with experience. Unlike many of the more integrated social trading networks, ZuluTrade supports over 40 brokers, one of which being their own integrated solution .
I like how they give you the ability to copy multiple trading strategies at the same time, creating your own unique portfolio. 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. This information is available to all users, enabling them to make informed decisions when selecting traders to follow. ZuluTrade is a social trading platform that allows investors to follow traders and imitate their strategies. In this Zulutrade review, we are going to explore all about the platform.
This means that if the trader is sceptical to trade then he should opt for the auto-trading system. This is a great help for the new traders who have less knowledge about binary option trading and this trading system helps the traders to take the next step. This is what makes ZuluTrade so exciting for the trader as it tries its utmost to come up to the expectations of the trader. In addition, it can be very difficult to separate good traders from the bad ones.
They might also have an increased spread or additional commissions depending on the brokers. Investors do not pay additional fees for following traders. ZuluTrade is worth it for you, depends on your individual investment goals.
Opening an Account
Therefore, if the social and copy trading aspect of trading is something you’re looking for, then you should definitely consider trading with ZuluTrade. This social trading platform can run on desktop, web and mobile devices. This makes it suitable for trading whilst on the go from anywhere in the world with an internet connection. In addition to this, I also really appreciate they provide multilingual support.
If you’re interested in trying out ZuluTrade, we highly recommend opening a demo account first to get a feel for the platform and to research the traders you may be interested in copying. But if you’re looking for a reliable and feature-rich copy trading platform, ZuluTrade is definitely worth considering. ZuluTrade is a great option for both beginner and experienced traders who are interested in copy trading. The platform offers a user-friendly interface and a range of features, including ZuluScripts, technical charts and indicators, and The Automator. The platform has partnered with more than 70 brokers that provide a large range of CFDs including Forex pairs, Indices, Stocks, Cryptos and Commodities.
The result of these efforts is a web based platform that acts as an open environment in which traders can connect to any trading platform of their choice and share knowledge. Alpha Impact is a copy-trading social media platform designed to connect followers with professional traders. Users can connect their investment account to Alpha Impact to copy top traders in our community, get the latest market news from traders, and learn crypto investing from influential… ZuluTrade is established globally, it is regulated in EU and Japan and used by millions of investors worldwide. The ZuluTrade copy trading platform is provided by Triple A Experts SA. They are EU regulated by Hellenic Capital Market Commission . This means that they must comply with a set of rules and regulations for auto trading service providers.
Missing Trades
The market may not behave as expected to the release of economic data. This is another example of a trader who doesn’t do what he says he will do. His current positions are down 800 pips and there are only 4 trades on.
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All historical trades are available, ensuring total transparency. The ZuluTrade mobile app is a good match for the desktop platform. Moreover, the platform has been regulated in Japan by the General Japan Investment Advisers Association since 2014 (No. 1058 Member Associations).
ZuluTrade – Detailed Review and Trader Feedback
ZuluTrade is a social & copy trading platform that supports a variety of asset types and a wide range of brokers. ZuluTrade is a well-established, properly regulated social trading platform. Investors who prefer following trading strategies should definitely consider ZuluTrade as a frontrunner. The vast partnerships with global brokerages grant maximum cross-asset exposure and strategy diversification.
ZuluTrade may share a user’s data with its affiliates for business purposes, but it doesn’t disclose information to third parties not described within its policy. Find a trader who is agile and receptive who can adjust or even stop their EA as the market demands. Find a trader who employs a short-term approach and who monitors stop levels carefully and only opens a small number of trades, all that reduces drawdown. Zulutrade offers My Investor Account, My Trader Account and Affiliate Account.
Multi-lingual forex broker reviews support is available 24/5 via e-mail, phone, or live chat. According to the latest available figures that we discovered during this ZuluTrade review, roughly one-third of ZuluTrade employees staff support roles within the company. The Help Center attempts to answer the most common questions. Full statistics are provided on all traders, allowing investors to make the proper decisions. 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.
ZuluTrade Services
Meanwhile, the copier will receive or lose the proportional amount of the https://trading-market.org/ they put into the trade. The copier can choose who they want to copy, and they can choose from over 100,000 traders from over 190 countries. When copying a trader, the process can be automated so that the trader never misses a trade. This prevents copiers from losing all their money from a good trader gone bad.
ZuluTrade does slightly underperform when compared to other signal providers, making it less appealing to experienced traders who are interested in navigating the financial markets on their own . Investors will connect their MT4 trading accounts to their ZuluTrade account. It does provide full statistics of all traders, ranks their performance, and grants a risk assessment. Investors will have full access to all relevant information and portfolio management tools from the back-office, mobile versions are equally available. This account is strictly meant for advanced users as it is a signal provider account, meaning your trades will be broadcasted for the entire ZuluTrade community to see, follow, and copy. Traders with this account can profit from both volume-based commissions plus manual or customized copy-trading.
The trader should observe the fact if this platform is a profitable venture for him and only then he should continue trading with the platform. The demo account will give the trader an idea about the look and feel of the platform. However, the trader needs to make sure of one thing that he follows experienced signal providers because this is the only way that the chances of profitability increase. However, this does not deny the fact that the trader needs to develop his learning curve as well and not blindly rely on the signal providers.
ZuluTrade Review Scores
ZuluTrade offers a free 30-day Demo account with virtually all the features of a live account. Signing up is quick and easy and, whilst 30 days might be a bit short, the demo account should get you comfortable with the platform. ZuluTrade also includes an extraordinary assortment of trading applications.
- I agree that those who are interested should try out the free demo account.
- You don’t have to make any trading decisions and can watch your investment grow without making any difficult trading decisions.
- Being linked to 3rd party broker accounts, ZuluTrade does not handle any withdrawals, but does link through to the specific withdrawal section of each broker’s website, which is a nice touch.
- Offering the perfect combination of brokerage connectivity and social networking, ZuluTrade is definitely one of the best social trading platforms out there.
B) the signal is normally being processed within 1-3 seconds, and during the high volatility, the price on your investor’s account may significantly move. First 2 trades were not completed and not copied to investor. For this reason, users are able to request an update from each Trader regarding the strategy status through their social page. We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Platforms
If a trader does not show a profit at the end of the month they don’t get their portion of the commission. I don’t disagree with this policy in fact I actually like it. Zulu trade however keeps the money they do not refund to the follower. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
However to maintain a real Investor account the trader needs to have more than $100 in their trading account. ZuluTrade is a great service and I think your right in stressing that its not a game. I have always found that picking the right mix of signal providers is the key to sucessfully using the ZuluTrade platform. I feel its more complex than just taking a look at the rankings displayed on the main page, which sometimes don’t give a very accurate picture of how good each signal provider is. You do a pretty good job of outlining some of the key factors that traders should take into account when picking a signal provider.
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ZuluTrade’s platform is compatible with a number of leading forex brokers. If you don’t have an account with one of the ZuluTrade forex brokers, you can open it in a matter of minutes from ZuluTrade’s website. During the entire process, your account information stays safe and is only used to execute trades based on the recommendations of the signal provider. If you pick some Signal Providers, ZuluTrade will convert their advice into live trades in your trading account directly using your broker. From their ZuluTrade account, the trader can find a range of tools under the ‘Features’ tab.
They offer free sign up and work with over 70+ online brokers. They are regulated in the EU and Japan, and have users including talented traders from across the globe. ZuluGuard is an account protection feature that can monitor your trading activity and remove them if it detects that the trading strategy has deviated from its expected loss profile.
The trader can note a metric called drawdown, which shows how big a loss has been sustained within the time period. Even successful trading strategies can have significant losses which need to be sustained even if they return to profit. On the left hand of the page, the trader can see the profits made by some of the traders who followed the trader is question. 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. As ZuluTrade is an online social trading platform, you can use your own online broker provided they are supported by the ZuluTrade platform.