ZuluTrade review: Is it a legit or scam copy & social trading platform?

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In 2014, they redesigned their official website bringing about a few changes like adding a number of features, most notably, ZuluGuard. It also had about 120 employees with 40 of them working in customer support. It announced a partnership with SpotOption, creating a social trading platform for binary options. So now you can choose to trade by yourself or copy othexcriticals in either forex or binary options mode.

Who Are The Best Forex Signal Providers?

Investors and traders require an MT4 account with a partner brokerage, which is then linked with a ZuluTrade account. Following the initial set-up, ZuluTrade handles the entire operations automatically. Profit-sharing Account– This option is ideal for beginners since it allows you to learn by imitating others. They will compensate traders when they profit and penalize them when they lose money. A market sentiment widget reveals which assets ZuluTraders and investors have chosen in the last 4 hours.

I like how this shows which assets are being traded, prices, times and order status. There is also a market sentiment tool that shows which assets were selected by ZuluTraders and investors during the last 4 hours. When it comes to both social, and copy trading, you can expect some of the very best from Zulutrade. ZuluGuard works as a protective feature for your account similar to that of a stop loss. As an investor, you can set a maximum amount of loss you can accept when following a trader. If this amount is reached, the ZuluGuard feature will automatically stop following that trader for you.

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In addition, ZuluTrade is one of the most advanced and feature-rich copy trading platforms that can be entirely customized. Zulutrade – a convenient service for those who want to earn some extra income, broadcast their deals and get commissions from investors. Personally, I, a practicing businessman, found this option the most interesting – I have already been practicing my personal method for a long time. But if you have a fairly stable monthly result and you can provide reports, you will not be short of customers – it is quite a good extra income, which will not require any effort from you.

Brokers who don’t have regulated licenses like ZuluTrade will not give you your money back because they are outlaws. Deposit and withdrawal options are entirely dependent on the brokerage the investor oxcriticals uses. A quick online application form processes new account applications. ZuluTrade also provides the option to complete this process via a Facebook or Google account.

How To Become A Signal Provider

Founded in 2007, ZuluTrade – a Finvasia Group Company – is the first and the oldest copy trading platform. They are a very popular choice among investors and traders in the industry with a user-friendly copytrading platform. As far as the withdrawal is concerned, ZuluTrade is a social trading platform, no deposit, nor withdrawal takes place on our platform. Please contact your broker and they may provide you with all the necessary information. Julutrade is a completely decentralized cryptocurrency data analysis and prediction system.

  • ZuluTrade’s daily business activities are carried out from Cyprus and ZuluTrade has offices in Hong Kong, Shanghai, Athens, Greece and other countries.
  • Withdrawals using certain methods may be processed within a shorter period than others.
  • It is true that different types of accounts have different trading conditions.
  • Broker accounts from the United States and Europe are now accepted.
  • I can quickly sort and choose traders based on different parameters & trade smoothly.

This means that the less popular you are as a signal provider, the less you are financially compensated. ZuluTrade provides traders with performance indicators and graphs, as a form of evaluation to the performance of the signal provider’s trading activity and performance. This will give you a more transparent trading experience while copy trading with ZuluTrade.

For each “trader/signal provider” traders can view a good range of performance indicators and graphs to help you evaluate the traders that you want to copy. At any time, you can close trades that are opened in your account by these traders manually yourself. In the ZuluTrade interface, you can also set limits on what trades you like to take at the account level (e.g. only EUR/USD trades) or at the signal provider level (e.g. no more than 5 open trades at any time). Besides social trading, ZuluTrade offers a so-called automated trading system.

Can I Trade Cryptocurrencies And CFDs With ZuluTrade Broker?

You can even start on a demo trading account to begin with free of charge. The platform allows traders worldwide to connect their accounts and share their strategy with other ZuluTrade users. Users can further filter strategies by other factors such as profit factor, average wins & losses, drawdown and duration. Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage. Unlike most auto trading platforms, this copy trading platform values variety.

Social Charts allows traders and investors to share ideas, providing analytics within the community. After re-designing their website, adding services like ZuluGuard, and hiring 120 people, ZuluTrade had 120 employees by 2014, including their good traders. In May, this was followed by a partnership with https://scamforex.net/ SpotOption to establish a social trading platform for binary options. You can make money with ZuluTrade by following the right signal providers. However, it is important to pay attention to the consistency of the trader. Some investors are temporarily successful, but then lose all their profits.

The pip cost correlated to the currency pair traded, the type of trading account of the signal provider, and other different factors. As a US trader, ZuluTrade will financially compensate you through a flexible monthly membership fee, but Japanese residents will not be able to generate profit because of local restrictions. This auto trading platform provides a service known as ZuluGuard, which automatically unfollows a signal provider if the trading strategy of the signal provider changes. This guarantees that the follower not inadvertently make a wrong trade by following a new strategy. 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.

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Keep updated with our round the clock and in-depth cryptocurrency news. ZuluTrade is packed with a bunch of powerful features listed below. Users are charged a fee of $20 when they withdraw using the ZuluTrade MasterCard.

ZuluTrade does offer a blog that covers macro-economic events, but no other education is provided. There are also email and phone support to 10 countries, or you can use the ZuluTrade website to submit feedback via an online form. Its Japanese subsidiary is registered with the Kanto Financial Bureau as an investment advisor and in the US, it is registered with the Commodity Futures Trading Commission as an IB and a commodity trading advisor. The high volatility of energy prices due to political, environmental and several other factors, is a typical feature of this product, making it a popular trading choice. This involves the trading of gold, silver and other precious metals as hard commodities that are contract-based tradable.

How To Copy A Trader

Social Charts provide the community to share ideas and provide analytics to each other. Four calculators are listed, allowing investors to compute key metrics. Traders at ZuluTrade receive volume-based compensation, equal to $5 per $100K traded. When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control. The number of people that have ACTUALLY beat the market consistently can be counted on one hand. They can take weeks or months off, and money keeps rolling in.

In addition, you can use the built-in ranking system to find profitable traders, or sort them using a number of different criteria, such as win percentage, maximum drawdown, ROI, etc. The prime function of the ZuluTrade is to bridge the gap between the execution of different trades and dxcriticalets concerning the markets. They aim to use the advice from the most talented investors and traders worldwide through trading, also known as social and copy trading.

So now my funds are allocated, let’s go and have a quick look at how this looks. So these are the trades that I’m following here on the left, there’s no data yet though. As soon as these traders execute trades, then they will be copied into my account. And as soon as they’re closed off, they’ll start to show me a profit and loss in the account. I mean, you’re probably getting a feel for the fact that this is quite straightforward, and there are some, on the surface of it, good-looking traders. So yeah, I’ve not had any problems at all with AAAFx in themselves, and it’s pretty easy to get set up with them.

Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. So can ZuluTrade do more to avoid adding poor quality traders to their network?

Many reviews highlight that educational sources focus on forex trading videos and broker comparisons while leaving out guidance on how to become a trader. Yet some of the best ZuluTrade success stories are from those who have in effect sold the xcritical scam rights to their trading strategies. Once you have your demo login details, you will be able to conduct in-depth analysis and follow trading gurus. You can also use their social features to find the best settings, plus access tips and tricks.

ZuluTrade provides multiple trading tools, different trading accounts, and a list of Forex trading brokerage firms to give you the option to choose. ZuluTrade provides multiple trading tools, different trading accounts, and a list of Forex trading brokerage firm to give you the option to choose. Reverse trading is basically where you automatically trade the opposite signals to the ones provided, and is based on the assumption that most providers end up losing money. So if you can find traders who take crazy risks and have no real trading strategy, you can make some decent returns. First, you need to register by giving in necessary details like your full name, email address, phone number, and create a password.