Zulutrade Review 2022 Pros, Cons & Features
It lets people copy the trades of experienced leaders in the CFD and Forex markets. This platform also has a social feature called Social Feed that lets leaders and investors share their ideas and feedback. Currently, there are about 2.4 million users and over $800 billion in trade volume.
It makes sense to try to get a base currency which matches your deposit and withdrawal currency. Some examples though may include IC Markets if you are concerned with commissions, spreads and fast executions. Added to that, many traders go with AAAFX since they are already directly owned by Zulutrade.
ZuluTrade Review – Step 1 : Signing In or Opening An Account
It is available for all investors and it creates a protective shield for your investment capital. ZuluGuard is mandatory for the European and U.S. versions of ZuluTrade’s service. The idea here is exploring the markets with the edge that an experienced trader has. Those who are unable todevise a strategy on their own may benefit from this practice and learn a lot during the process. Building a trading system from a scratch may not be feasible for every beginner since all traders are different when it comes to learning ability and grasping power.
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. Furthermore, the usability of the MT4 platform also ranks very highly. Although obviously not developed by ZuluTrade, you will ultimately be linking your own MT4 account with your ZuluTrade account, so it is worth bearing in mind their compatibility. Thankfully, we can report that both the MT4 and ZuluTrade platforms are fully integrated and work seamlessly with each other.
- This can be done through the ZuluTrade social area where you can visit other traders’ profiles, comment there, leave ratings, ask questions, and interact with each other.
- This range of transparent information both makes the broker easy to use, and trustworthy for the many followers who use their service.
- Zulu Trade was taken over by the Finvasia Group in 2021.It now has offices in Greece, Cyprus, Japan, Dubai, London, South Africa, Mauritius, Australia and India.
- As ZuluTrade is an online social trading platform, you can use your own online broker provided they are supported by the ZuluTrade platform.
All you need to do is sign up for a Zulutrade account and start exploring the platform. You will be guided through the process of setting up your account, selecting a trading strategy, and connecting your accounts. Once you have connected your accounts, you can start trading and copying the trades of experienced traders (signal providers). As this ZuluTrade social trading review shows, the service excels at ensuring that users have a smooth investment experience. From a wide range of trading tools and different markets available to extensive customer support and easy-to-navigate UI, you have a range of features at your disposal.
Also, trading fees can be quite high, even though the platform itself is free to use. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. What can I say about zulutrade other than it’s arguably the most appropriate company for copy trading in the world.
ZuluTrade vs Competitors
It is equipped with advanced algorithms and multi-level optimization techniques which enable users to track the performance of their automated bots in real-time. Moreover, it also provides backtesting capabilities so users can check the profitability of their strategies before using them in real trading. The difference between copy trading and trading signals is that forex broker reviews copy trading allows users to automatically replicate exact trades from other traders. Trading signals, on the other hand, provide users with recommendations for when to enter and exit a trade but do not directly execute these trades. Zulutrade provides both copy trading and trading signal services so that users can choose the option that best suits their needs.
Alternative Brokers
It has users in 150+ countries and offers over 90,000 traders to choose from. There are over 2.4 million registered users all over the world. You can connect your existing account or open a new account on any MT4, MT5, Act Trader, X Open Hub, Match Trader account from any broker of your choice. You can choose from among the best performing traders around the globe. ZuluTrade only chooses Brokers that are secure, reliable, regulated, and legit. These Brokers are offering a variety of assets that you can choose from like Forex, cryptocurrency, stocks, shares, and many more.
Whoever does not know the company well…
If you do not have a trading account, create one and then proceed. Overall, the ZuluTrade mobile application effectively complements the desktop-based platform. It is easy to navigate and operates seamlessly between devices. Plus, functionality has continuously improved with each update. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.
ZuluTrade is a popular online copy trading platform for traders and investors around the globe. They integrate with 70+ brokers, are regulated and offer a range of useful tools for a simple social trading experience. The ZuluTrade platform collaborates with brokers that provide trading solutions on numerous instruments, including crypto CFDs, stocks, forex, commodities such as oil, and indices such as the Nasdaq.
The platform also offers a “Demo” account that allows users to try out the platform before committing to their funds. Quite simply, the platform connects traders to each other and allows them to copy trades from one another. It works by allowing traders to share their strategies with the community, or “followers”, who then copy those same strategies into their own accounts. This allows followers to benefit from the expertise of successful traders without having to manually execute every trade.
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. Zuluguard is a great option for those who want to take advantage of the opportunities that copy trading provides. The platform offers users a variety of tools and features that can help them become successful traders in financial markets. Zulutrade is a reliable and trusted platform with regulated brokers, ensuring user security and safety.
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