Reviews
HCMC & General Japan Investment Advisers Association
Forex, Stocks, Commodities, Crypto
Overview
ZuluTrade has been a leader in Social Copy-Trading since service establishment in 2007. It is regulated by the Greece financial regulatory body Hellenic Capital Market Commission (HCMC) and the Japan Investment Advisers Association (JIAA).
ZuluTrade has been expanding its offering on a global scale reaching today:
- over 2 million active users
- over 90 thousand expert traders that clients can follow
- 70+ brokers it collaborates with
- offers CFD instruments across several asset classes, including Forex, Cryptos, Stocks, Commodities and Indices
ZuluTrade platform is well designed and documented with intuitive and user-friendly interface and features.
Trading Platform
MetaTrader 4
Similar to other brokers, Zulutrade Broker also supports the MT4 trading platform. Signal providers can simply automate their trading techniques and upload their trades to MT4. Zulutrade also has the benefit of letting traders know through MT4 whether the provider uses automated trading software?
ZuluTrade app
It is the leading multi-broker, social and copy trading platform in the world. Traders can copy trades made by top traders in financial products such as Forex CFDs, indices, commodities, stocks and cryptocurrencies to invest.
ZTP
Clients can trade CFDs and Forex on the white label trading platform provided by Zulutrade through its online system. Because ZTP contains so many built-in indicators, it is specifically connected to charts to enable technical analysis. ZTP gives traders the option to create and use a Trading Robot comparable to Metatrader's platform thanks to ZuluScript.
Mobile application
There is a smartphone version of ZuluTrade. The software is made for both iOS and Android. You can track positions taken by the traders you follow thanks to the comprehensive functionality of the app. Also you can monitor risk and close trades on this app.
Trading support tools at the exchange
Zulu Guard: Zulu Guard is a feature guard account that monitors the activity of individual traders and immediately removes them when the strategy is not profitable. For all Investors, ZuluGuardTM Capital Protection is provided to protect your account by:
- Regularly monitor your account and individual Trader's performance even in your absence.
- ZuluGuardTM will intervene and protect your account in case of any significant change in Trader's activity.
- Set your personal risk limit or the exact amount of risk you allow in your account before ZuluGuardTM takes action.
Automator: Automated trading software that provides money management guidelines and allows traders to establish criteria for deciding when to enter and exit financial markets. Once programmed, the system tracks the target market and executes trades automatically.
ZuluScript: ZuluTrade has developed a new generation of trading scripts that allow traders to build and use their own indicators and trading robots on their accounts with no additional software or registration required. third-party.
Account types
Investors at ZuluTrade will have the choice between 2 different account types, Basic or Profit Share.
For new investors, the exchange will encourage the use of profit sharing accounts. This account is built in a win-win direction, the Masters will share your profits and be penalized in case of loss.
For the Basic account, copying can be done manually or a full copy – for market savvy investors. Investors can copy the trades of the Masters.
Impressive profit
In the market there are Masters that can generate thousands of percent profits and hundreds of Masters that can generate double-digit income. More specifically, you can choose your Masters by carefully studying your trading strategies, performance history or capital management.
Trading Fee
Different fees apply when you make transactions at ZuluTrade. However, these costs are reduced when trading with AAAFX.
Spread costs can vary based on the type of account a trader uses. Spreads can be as low as zero with ZuluTrade's own broker – AAAFx, based in Greece and as high as 3 pips in other locations.
Furthermore, when investors join an account with ZuluTrade, they lose a commission per trade from their brokers. As a result, the Zulutrade exchange charges per position fees ranging from 3 pips, as well as an extremely low leverage of just 1:100 on forex (except for trades at AAAFX).
At the same time, you may also have to pay an overnight fee if the investor wants to keep his position until the next day. Zulutrade will deduct 20% of the service fee for each client or application the user follows on the platform to pay signal providers.
Leverage
The Zulutrade leverage is another point which depends on the broker you connected with. The maximum leverage is typically between 20:1 and 400:1 on major forex pairs. Within the EU for example, the maximum leverage on any asset is capped at 30:1 by regulation.
Deposit and Withdrawals
Account Base Currency
The account base currency is the currency which you are trading in. It makes sense to try to get a base currency which matches your deposit and withdrawal currency. This can help you avoid any conversion fees.
The Zulutrade base currency that is available will depend on what is offered by the broker you connect to the platform. With that said, most top brokers will usually at least offer USD, EUR, and GBP as base currencies.
Deposit
Again, as with many parts of this Zulutrade review, the minimum deposit will depend on the broker you choose, though Zulutrade also requires you to keep at least $100 in the account it is connected to.
If you are an investor, the deposit methods you have access to will also depend on your broker choice, but they will typically include wire transfer, credit/debit cards, and some eWallet methods like Skrill, Neteller, and PayPal. You should also check with your broker if there will be any deposit fees. If you are a trader, you can deposit funds using the ZuluTrade Mastercard, bank wire transfers as well as PayPal.
Withdrawals
Again back to the broker you choose to connect with Zulutrade, but the answer is the same. Usually, the very same methods you use to make a deposit, will also be available to withdraw. Furthermore, you should also check with your broker on any withdrawal fees that may be in place.
Customer Support
Just as with the strong website support, our Zulutrade review has found more than 20 languages supported through the live chat service, and an all round very detailed and professional customer support service on hand to help.
They can be contacted through this live chat service on the broker’s website, email, or a selection of 8 different phone numbers depending on your location around the world. These include numbers in the UK, Russia, Spain, Greece, Mexico, Colombia, Japan, and Australia.
Conclusion
FAQ's
How do I become a trader for ZuluTrade?
To become a ZuluTrade trader you must access the Traders Program, fill the registration form provided, and submit your application. From there, ZuluTrade will provide you with the trader username and a link which is needed to activate the account.
Does ZuluTrade really work?
Yes, Zulutrade does work. The success though, depends on you learning to invest and manage your funds correctly as much as any other factors. As with any type of trading, there is always the chance of losses but as our Zulutrade review shows, they provide you with an excellent number of tools to set yourself up for success.
How do I link MT4 to ZuluTrade?
This should be an easy process. You will first need to open your Zulutrade account (Trader account for Traders and Classic account for Investors). After this, you can contact the support team to get the next steps.
How do you copy trades on ZuluTrade?
Copying trades once your account is connected is as simple as finding the best trader you like and who meets your needs, clicking “Follow”, and then selecting the amount you would like to invest.
Is ZuluTrade regulated?
Yes. As noted in our Zulutrade review, they are well regulated by the Greek Hellenic Capital Markets Commission (HCMC) which is ESMA compliant, and they also only link up with brokers who are also well regulated. ZuluTrade is also regulated in Japan (2014 – No. 1058 Member Associations / General Japan Investment Advisers Association).
