While these are obviously not an indicator of what kind of success you can expect to have, they are nevertheless useful in helping you to make an informed decision about using the platform. Particularly for beginners just getting started copy trading for the first time, this is a great way of visualising the data. Zulutrade is a reliable copy trading platform with a lot of expert traders to choose from. Additionally, they also have plenty of brokers and you are not limited to one or two options.
- Thankfully, we can report that both the MT4 and ZuluTrade platforms are fully integrated and work seamlessly with each other.
- It has the best support that offers you several language options for its customer service, gives you free video tutorials, free Blogs, offers free demo accounts, etc.
- You have to go to the Trader’s tab and choose a trader for copying.
- You can join ZuluTrade from anywhere in the world to connect your account and share your trading strategy with others.
- Plus, you don’t have to be into crazy big risks as there’s plenty of options for whatever your goals might be.
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. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. In addition, staying profitable isn’t always straightforward. You need to be aware revenue can disappear just as quickly as it appears in your account.
Trading Tools
To protect the documents and information submitted by users, ZuluTrade uses a Secure Socket Layer (SSL) encryption technology. It prevents anyone from intercepting a user’s information during forex broker reviews transmission, other than ZuluTrade. ZuluTrade supports several different types of payment methods. These include PayPal, bank wire transfers, credit and debit cards, and e-wallets.
- This allows users to diversify their portfolios and increase their chances of generating profits from the markets.
- I have tested various social trading platforms (and continue to test new ones all the time).
- Users can contact the support team via email, live chat, phone or social media.
- The TradeWall provides you with a live feed of ZuluTrade’s trading activity.
- As the most actively traded financial market in the world, forex trading is perfect for copy trading based on the sheer volume of assets traded and the overall liquidity of the market.
This gives you access to all the relevant information related to your ZuluTrade account and allows you to check how much you have made through the programme. It should be noted, however, that there are various fees you might incur depending on what service you are using. Depending on what type of account you have, you may get charged a commission by your broker for connecting your account to ZuluTrade. This may depend on what broker you use, however, so please check this before committing to any trades.
There is also a market sentiment tool that shows which assets were selected by ZuluTraders and investors during the last 4 hours. The Automator feature of the ZuluTrade platform lets you create your own rules for your auto trading. I like how you can set rules to lock in profits once a target is reached, update stop loss for selected trades, close trades that are profitable or to simply notify you. Creating a rule is simple, you simply give your rule a title, a short description and set the conditions and actions you would like to happen for your rule.
ZuluTrade Review – Additional Offerings
Finally, if you are using ZuluTrade through one of the platform’s ‘Standard Brokers’ you will need to pay the monthly fee of $10 per copy trading strategy. If your broker falls under ZuluTrade’s ‘Co-Branded Brokers’ category, you might be subject to a small monthly fee of $10 per strategy. Some ‘Co-Branded’ brokers may cover this cost of copy trading.
It is completely free to open a ZuluTrade account and take advantage of their social trading platform. All you need to do in order to provide or copy trading signals is to sign up to a brokerage account from one of their 70+ compatible online brokers. You can start with a demo account to familiarise yourself with this copy trading service if you wish. 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.
How Do You Trade WIth Zulutrade?
In fact, despite being one of the older players in the market, ZuluTrade has continued to develop technological innovations that make online trading more accessible than ever. Accessing traders’ profiles is very easy which is quite useful in deciding which traders I should copy from. The process was simple, straightforward and there wasn’t any delay.
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The customer support team operates 24 hours a day, five days a week. While this might seem somewhat limited compared to some of the other larger brokers, it should be remembered that this covers active trading hours. As such, the lack of 24/7 customer support should not be too much of an issue. One of its strengths is its popularity and wide selection of traders.
The difference between copy trading and trading signals is that 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. Copy trading is a type of automated trading that allows users to copy the trades of experienced and successful professional traders.
ZuluTrade Review – Features
ZuluTrade is a social & copy trading platform that supports a variety of asset types and a wide range of brokers. Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. The main purpose of Zulutrade is to provide copy trading services to investors. You can open a forex broker account and connect it to their trading platform and then choose an experienced trader that you wish to copy trade forex. In this Zulutrade review I explain how to search and filter different investors and how I use this as part of my copy trading strategy. Zulutrade is a social trading platform that allows users to copy the trades of experienced financial market traders.
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This comes in the form of a monthly performance fee that will be paid to ZuluTrade. Additionally, you will have to pay a monthly subscription fee of $30 per month. ZuluTrade has responded to this area of growing consumer demand, and we are happy to report that it provides full support for cryptocurrency trading. This includes CFDs on a range of cryptocurrencies, including BTC, ETH, LTC, BCH and XRP, among others. ZuluTrade has not been resting on its laurels in recent years, however.
Even so, the platform is well-built and easy to use for forex trading and copy trading. Some of you might still want to give it a try after watching this video. If you do, please let me know how you get on in the comments below. Compare ZuluTrade with the top 3 similar brokers that accept traders from your location.
This feature is available to all investors and this unique feature will give enough protection to your trading capital. There are no extra costs other than commissions, spreads and swaps which you would usually have to pay when trading any forex system on a forex broker trading account. ZuluTrade traders who provide signals to copy are paid directly by ZuluTrade from the commission. With ZuluTrade, you can view the performance of talented traders from 192 countries and follow their forex trading signals on your own trading account.