ZuluTrade was founded in 2007 by Leon Yohai in response to the lack of a web-based platform that could audit traders globally. They allow traders to share their knowledge with people interested in their strategies. Is this a better brokerage to use for trading? Let's have a look.
Want to know more about ZuluTrade?
One of the platform's advantages is the ability to easily send selected trades to the broker accounts of interested parties. We will discuss this in more detail below, and we will learn more about ZuluTrade's great potential and various benefits.
Let's dig deeper into the details!
| Broker | Score | Minimum Deposit | Trade |
|---|---|---|---|
|
98 | $100 |
|
|
97 | $10 to $1000 (country-specific) |
77% of retail CFD accounts lose money |
|
94 | $5 |
74.89% of retail CFD accounts lose money |
The registration procedure is straightforward and fast. It takes less than a minute to open an account with ZuluTrade.
Register and enter your information online through their website or one of their mobile apps, and you will only need to provide the following information:
After reading the terms & conditions, submit the online registration form. After submitting the form, you will receive an email with your email, important information, and an "Account Activation" link.
Here is a Tip: You may sign up using your Google account, and your personal information will be automatically collected and retrieved, and you will have a faster log-in experience.
ZuluTrade offers risk-free accounts with a wide range of traders and traders combos and settings. The ability to find the choice that best matches your needs before investing any real money. In any case, accounts are comparable to those provided by most brokers.
The two accounts that ZuluTrade offers, Classic and Profit Sharing Accounts, are discussed further below:
If you're not sure how to use the platform or want to test it out before investing real money, the ZuluTrade demo account is the way to go.
With a single email address, you can create up to ten demo accounts and compare them to see which one is best for you.
This may be a good idea to open multiple demo accounts with different parameters (leverage, equity, base currency) or to use a different setup in each account.
We strongly advise using this feature, particularly if you are a beginner. You should also read their beginner's guide to trading before using it to acquire a deeper understanding of the account.
Traders who have previously created a Zulutrade account can log in using their registered username and password, or they can use their Google account.
You can access your ZuluTrade account on your computer by visiting their official website. Simply go to zulutrade.com/login and enter your credentials in the login information.
If you have a ZuluTrade account set up on one of your phones or tablets, you can use the app to log in.
ZuluTrade accepts a variety of payment methods to accommodate the needs of all traders, and these options are:
ZuluTrade also accepts cryptocurrencies as a payment option. Just go to the entry tab on the ZuluTrade website and select one of the cryptocurrencies from the list by clicking "request payment" to make a payment. The cryptocurrencies supported for this payment option with ZuluTrade are:
Deposits using e-wallets are getting increasingly common. Almost every broker offers at least one e-wallet deposit option available to traders. Skrill, PayPal, and Neteller are the most well-known, but Bitcoin deposits are also gaining popularity. The broker determines fees and time.
Furthermore, availability is defined by your region or trade jurisdiction.
ZuluTrade's minimum deposit varies depending on the broker. The specifications for account opening, account trading size, leverage, base currency, and so on are fully broker-related.
Anyone can start an account with most of its supported brokerage houses for as low as $300 as the ideal starting capital for a new account. When linking your ZuluTrade account through any broker, ensure your account balance is at least $100 to keep your ZuluTrade account connected after activation.
ZuluTrade offers a user-friendly interface with a 100% transparency service wherein everything is openly shared with everyone. The team also ensures a bug-free and transparent site for everyone to have a unique and smooth experience.
On ZuluTrade, the Automator feature provides a lot: you can rapidly examine investor performance rankings, and the simulator also shows overall profit and safeguards your funds. You can also use its social features to find the most appropriate settings, brokers, and other helpful information.
ZuluTrade offers a reliable and convenient mobile app environment, and they provide trading apps for iPhone and Android devices and trading apps for Windows mobiles and tablets.
ZuluTrade offers a smooth and straightforward Copy Trading experience across many platforms; some of the instruments accessible include cryptocurrency, stock CFDs, forex, commodities, and indices. Traders using MetaTrader 4 can host their trading strategy on ZuluTrade's own VPS for free.
The trading instruments offered by ZuluTrade are divided into the following categories:
You can trade roughly 16 different currency pairs on the platform. Aside from the majors, you can invest in a wide range of pairs. Below is a list of some of these currencies:
The number of instruments in this category is somewhat restricted (now 15 assets), although they include common indexes such as Bund, ESP35, JPN225, GER30, US30, NAS100, AUS200, FRA40, UK100, SPX500, EUSTX50, US2000, SOYF, WHEATF, and CORNF.
They offer the three most commonly traded commodities on the market:
ZuluTrade's customers can open an account for a Profit Sharing and begin Copy Trading stocks with some of the world's most influential companies, including Tesla, Apple, Amazon, Facebook, Pfizer Inc., and Microsoft, with lower commissions. One of the most critical determinants in the price of a company's shares is how well it does in terms of sales, profit, and dividends paid.
ZuluTrade offers a variety of digital coins such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, Cash, Ethereum Classic, Monero, Cardano, NEO, EOS, Stellar Lumens, and DASH.
ZuluTrade has connections with the majority of the world's top forex brokers. Most ECN brokers provide spreads that start at zero pips on major currency pairings.
ZuluTrade is the only copy trading platform that enables both signal providers and followers to determine their trading fees by choosing a broker that suits their needs. Traders can also choose how they pay to use the ZuluTrade network by selecting the appropriate account type.
There are certain fees involved with using ZuluTrade’s service. There are two sorts of accounts available: traditional and profit-sharing: If the classic account is chosen, the follower will pay when the positions are opened; If the profit-sharing account is chosen, followers will be charged a $30 monthly fee as well as a 25% commission on any earnings earned.
When it comes to the AutoPay Service for Real Traders, make sure your bank account information is correct to avoid any payment issues. The following are the applicable costs for each payment: PayPal ($20 for $0 to 500), bank transfer ($45).
Traders can place their trades on one of the trading platforms:
Traders in the Zulu Trading Platform (ZTP) have access to a full-featured Trading Station user interface with technical charts and indicators, as well as the ability to create trading robots by running their own ZuluScripts.
On MetaTrader 4 (MT4), a trader's account can be linked to an external live or demo MT4 platform. Prices displayed on the platforms are all accurate and in real time.
ZuluTrade members can only withdraw money from their accounts using methods ZuluTrade supports, not those of other brokers. PayPal, Bank Wire Transfer, and MasterCard are among the withdrawal options offered to members.
To request a withdrawal from your account, contact your dealer directly. Customer support is also available 24 hours a day, seven days a week, for assistance with withdrawal requests.
ZuluTrade offers a variety of customer care options; however, it is highly recommended that you visit their Help Center and submit your inquiries, as you will most likely get information there.
If you still can't find the answers, you may quickly contact any one of their customer service representatives via email, phone, or online live chat. We received a response from them via email within an hour, and their responses were quite precise.
Overall, we were satisfied with ZuluTrade's customer support.
ZuluTrade is the pioneer in the copy trading field and a popular choice among copy traders with a user-friendly trading interface provided by the Greek broker AAAFX.
In 2009, ZuluTrade achieved the milestone of having thousands of expanding signal provider portfolios with trading strategies that platform users can follow. The platform connects broker trading accounts, offering social and copy trading.
ZuluTrade offers agreements with numerous award-winning brokers, and the European Union has granted them an EU Portfolio Management License.
ZuluTrade is a fully registered and authorized platform with licenses from the following international financial regulators that you can trust with your trading assets:
ZuluTrade attracts traders of all levels of expertise as it offers supervised accounts over which you have complete control and an automation feature that simulates performances and protects your accounts and funds. It became a popular choice among copy traders with its user-friendly trading interface and features such as EAs via MT4 and the use of VPS.
Its credibility and transparency are not questionable as it has connections with most of the world's top forex brokers. It was the only copy trading platform that enabled signal providers and followers to determine their trading fees by selecting an appropriate account type.
Regardless, if you're a new user searching for a safe way to start trading or an experienced trader looking for more significant returns, ZuluTrade's worldwide copy trading platform is your best choice.
