The Parabolic Stop and Reverse (parSAR) which is a time and price-based indicator. Additionally, ZuluZTrade charting possesses an indicator that uses average movements that track trends and momentum. This indicator is very useful and is called MACD (Moving Average Convergence-Divergence). In our experience, ZuluTrade’s own integrated broker, AAAFx, consistently charges the lowest spreads and is commision free making AAAFx the obvious broker choice when using ZuluTrade. ZuluTrade also recently added login via Facebook, which is really convenient for those who regularly log in to check their account.
Fees and Pricing
Filippo Ucchino created InvestinGoal, an Introducing Broker company offering digital consulting and personalized digital assistance services for traders and investors. Brokerage firms like Zulutrade may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Zulutrade trading account level held by the trader.
Supported Markets
The continually improved ZuluTrade platform really stands out for it’s features and ease of use, and in our opinion might be the only platform to suit both experienced and inexperienced investors alike. They are based in Greece, which adds more trust compared to most other brokers that are based in Cyprus. 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. 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. 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.
We were pleasantly surprised to receive a response within three minutes. Test the chat service yourself.A responsive chat service from Zulutrade should be a positive support experience for all Zulutrade users, saving you from waiting days for an email response. Negative balance protection is important for traders using leverage on platforms like Zulutrade.
- You can see an up-to-date list of brokers that support ZuluTrade on the ZuluTrade website.
- Algo trading availability depends on the broker and trading platforms you link to your ZuluTrade account.
- While users’ comments may be mixed, the social platform still offers very seamless, cross-platform copy trading for relatively okay subscription fees.
- If you feel that zulutrade is not right for you then at the bottom of this zulutrade review you will find a lot of alternatives to zulutrade.
- Funds are also not held, as the service simply provides the platform between the leader and investor.
Is Zulutrade.com a scam or a legit company?
In the world of online trading and investment, it can often be difficult to keep track of all the new players entering the market. The last year, in particular, has seen a surge in the number of people starting to trade for the first time, with more platforms than ever attempting to break into the market in response. I am really excited to be trying out this copy trading platform. Before now, I heard a lot of good things about the platform and I decided to give it a try.
We have reviewed other similar copy trading platforms such as MyDigiTrade. These have also provided an excellent opportunity for millions of traders, though, presently in terms of trust, ZuluTrade sets the gold standard. ZuluTrade has forex broker reviews cemented its place as a leading social and copy trading platform. With its robust features, extensive trader network, and emphasis on safety, it caters to a wide audience—from novice investors to seasoned traders.
Once in the application, you can view your performance, review new leaders to copy, plus close trades manually. Some require a minimum deposit of just $1, others may require $250.ZuluTrade fees also depend on the selected broker. I’ve used Zulutrade on both desktop and mobile, and frankly speaking, I was worried about slippage but trade execution has been pretty decent. I have seen that some platforms lag when markets move fast, but this one holds up well.
- Dealers can expect trading conditions to be just, honest and transparent.
- It’s essential to note that the trading instruments offered under the Zulutrade brand may vary depending on the customer account holder and country of residence due to regulatory restrictions.
- Security-wise, the ZuluGuard feature stands out as an indispensable tool for securing your solvency on the platform, and top-rate SSL encryption ensures your data is secure.
- However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD.
What are the best ZuluTrade Forex brokers?
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The Simulator is a way for you to test out trading ideas and strategies without the risk of losing actual funds. It has a feature that allows you to import strategies from leading traders and run them for specified durations. The sentiment on ForexPeaceArmy is roughly similar to that on Trustpilot, with 3.3 stars from over 350 reviews. The negative comments mostly concern scam traders and issues with poor handling of trader concerns.
Please note, some markets may only be available via CFDs or other derivatives. 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. So, you can utilize Watchlist to manage your potential candidates.
Overview of ZuluTrade Brokers
Due to the fixed fee, this is suitable for more massive portfolios. Traders, the signal providers investors will follow, are treated to identical conditions with volume-based compensation. Since ZuluTrade partners with brokers to provide their services, spreads for the Classic Account differ dependent on the selected broker.
What does the ZuluGuard feature do? Does it even affect me as a follower?
It majorly owes this standing to its incredible platform and wide selection of resources plus tools so you may put money into capital markets. Over 10,000+ users registered with them can affirm to their trustworthy nature. There are a number of ways to finance your account with zulutrade. The process is effortless and quick, with various payment methods in your fingertips. With a digital zulutradedemo account, you are able to experiment in any way, to whatever length you wish. You can even start positions, test different trading approaches, and much more.
So far, after registering with a broker and all, I decided to use the demo to follow a “leader” and I am in profit right now. The company offers traders volume-based compensation, acting as a liquidity provider, and introducing broker. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews.
Based on the protection settings you choose, it will close all trades from that Leader and stop copying them before things get worse. The fact remains though, if you trade with ZuluTrade, you will have access to some of the most extensive data and well categorized trading strategies in the sector. This, although not guaranteeing success for traders, does a lot to support a productive environment for successful trading. ZuluTrade have also steered away from making exuberant promises in regard to trading returns. This often makes traders more satisfied with the results they do achieve. The returns of traders will fluctuate, just as those who provide signals to the platform and traders within it fluctuate on their own trades.
