TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes. We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across. We are also a community of traders that support each other on our daily trading journey. Regarding trading accounts, there are three main accounts to choose from. These include the Classic account, the Pro account, and the VIP account. These accounts feature manageable and industry-standard spreads.
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Making it the first company of its kind to reach such high levels of success within the trading community. ZuluTrade is an established social and copy trading platform. With over 15 years in the market, it has been serving clients across the world with a trusted and stable platform. If using the terminal through a broker, ensure they follow client safeguarding protocols such as segregated client funds and access to investor compensation schemes.
ZuluTrade was created in response to the non-existence of the web-based trading platform, allowing traders to run their investment strategies and share their knowledge and know-how. ZuluTrade is a pioneer in Social Trading, a widespread phenomenon that allows beginner investors to copy experienced traders and their top-performing strategies. However, there are always trading fees in the forex market and the experienced forex traders you copy trade will also earn some commission from the people who follow them.
Is ZuluTrade Secure?
With ZuluTrade brokers, you can optimise and diversify your portfolio and follow successful trading strategies already proved in making a profit. You can invest with the best and join the global community of investors and professional traders. AvaTrade is one of the best CFD Brokers that we already covered in this AvaTrade review. It has more than 200,000 registered users from over 140 countries and allows you to invest in stocks, bonds, forex, commodities, ETFs, indices and cryptocurrencies. AvaTrade is regulated in 6 jurisdictions and has offices across 10 locations.
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Social trading is the core product offering developed by ZuluTrade, and it is the feature that keeps its legion of loyal followers trading with the platform. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. The existing autotrading technology did not allow trading multiple accounts simultaneously, since scaling problems could occur on the broker’s side.
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Zulutrade offers a variety of deposit and withdrawal options. Users can make deposits using credit/debit cards, wire transfers, and e-wallets such as Skrill and Neteller. To ensure the safety and security of our customers, Zulutrade partners with top-tier brokers who are regulated by authoritative organizations.
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 an online social wealth management platform where you can share or copy the signals of other traders. Founded in 2007 by Leon Yohai and Kosta Eleftherious, they initially set out to build a trading software that would allow you to copy the forex trading signals of the best forex traders. I find it quite impressive how ZuluTrade has since grown into one of the most popular and largest social trading platforms with billions of trading volume being executed through the platform.
Forex Brokers with ZuluTrade
ZuluTrade is often regarded as one of the greatest copy trading platforms in the market. They’ve continued to enhance the platform throughout the years, keeping them ahead of the competition in many areas. Furthermore, you can connect ZuluTrade to a sample MetaTrader 4 account to test the features and trader performance before risking any real money. The best copy trading platform depends on the individual needs of each trader. For example, Zulutrade is a great option for beginner traders who are looking to learn more about financial markets and start copying trades from experienced traders.
I was able to get a hold of these scam brokers and take back my money. Fxview is a NDD, ECN broker, offering clients the ability to trade CFDs ranging from forex to indices, and commodities. Vantage is an ASIC regulated Forex broker, providing traders access to the global Forex market through Vantage’s MT4 platform with top tier FX liquidity. Open a copy trading account directly from the links on this page, to start copy trading with these brokers. ZuluTrade creates software that at the time was still in beta testing, that connected to FXCM’s API and allowed a basic form of copy trading strategies for investors. The parameter “Slippage” gives you a chance to see if the broker replicates faithfully or not the operations of the signal provider.
Zulutrade offers different account types that cater to different trading needs. Zulutrade also offers a “Demo” account that allows users to try out the platform before committing their funds. 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.
Supported Brokers at ZuluTrade
Once you open a copy trading account with Zulutrade you will need to deposit funds. This is done via the forex broker you choose to use to connect your Zulutrade account to. You can often deposit funds using bank wire, credit card, and debit card, and sometimes even with cryptocurrency.
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. Copy trading is a great avenue for new traders to get into the forex market with relative ease. Zulutrade provides one of the best copy trading services in the market. To take advantage of the Zulutrade social trading service, you must register with a broker who supports the service.
You will have access to over 10,000 experienced traders to choose and copy from. The search feature comes with filters to allow you to customize your search and follow the appropriate accounts based on your trading objectives. Zulutrade dashboardZulutrade is a Greece-based online financial solutions company that provides social copy trading services to traders and investors in the financial market.
Our platform is compatible with multiple well known and reliable brokers worldwide. You can choose the one that best suits your needs and share your strategy with our community. Fill in your information on the online Registration Form, submit your application and connect your account to share your trading strategy. You can open up to 10 Trader accounts per email address and mobile number. A ‘Trader’ is a ZuluTrade user, who trades either on a Real or Demo account while ZuluTrade publishes his/her results and statistics publicly through the website. Each trading action performed in the Trader’s account is sent to all the Traders’ Investors in the form of a broadcasted signal.
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The broker offers social copy trading through the Zulutrade platform. The calendar shows important upcoming events displayed in the UTC time zone by default although this can be adjusted to your own time zone. This is my favorite tool as it makes it easy to track up and coming news releases along with the impact they could have on the markets.
All Forex Brokers
On the other hand, TradeStation may be better suited for more experienced traders who need access to advanced analytics tools and automated trading. All social trading platforms in the forex market have limitations, but some have better quality traders that can be copied/followed and I prefer to use those platforms over Zulutrade. Zulutrade offers a wide range of financial markets including stocks, indices, currencies and commodities.
These institutions hold these entrusted companies accountable for their trading activities and consumer protection efforts. Once you start to trade profitably, you can also become a Signal provider and earn extra money. Zuluguard is an auto-protect feature that helps you guard your positions against sudden changes in strategy. It also safeguards your trades against unsuccessful moves made by your signal provider. The linking and confirmation might take 2 – 3 days to complete.
- We have prepared this review to help you answer these and other important questions about the ZuluTrade Social Trading platform.
- This essentially creates a shield for your investment account and stops you incurring unnecessary or unexpected losses.
- Lock Trade – This allows you to verify the execution of a trade after the signal has been received.
- The pro account charges a commission of $3.5 per lot per round.
forex broker reviews is very transparent about its pricing structure, which makes it easy to figure out in advance how much it will cost you to use the platform. ZuluTrade has not been resting on its laurels in recent years, however. 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. The landmark integration will simplify the trading journey for investors.
There are high risk and high reward systems along with more conservative strategies. The ZuluTrade platform has plenty of handy filters so you can search for trading signals to copy that fit within your own preferences. ZuluTrade supports a variety of deposit and withdrawal methods, including bank wire transfers, debit cards, and popular e-wallets. This ensures a convenient and seamless funding experience for users.
To open a https://trading-market.org/ account with AvaTrade and link it to ZuluTrade, a minimum deposit of $100 is required. AvaTrade’s spreads are industry standard, with major currencies averaging 0.9 pips. CFDs on Forex, commodities, equities, indices, cryptocurrencies, bonds, and ETFs are among the trading instruments available at AvaTrade. Clients can also trade on the MetaTrader 5, and AvaGo platforms.
The broker you choose will charge spread on transactions and Zulutrade add additional spread on top. This depends and the traders on the platform are changing all the time. You quite often get traders that have a lot of success very quickly but they don’t last long.
CFD brokers usually don’t charge a commission per trade and only make money on spreads or the price difference between Bid and Ask. The more liquid the underlying asset, the lower it is spread, and on most popular assets, including cryptos, you can get ultra-low spreads with ZuluTrade brokers. Pepperstone – Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5, cTrader and TradingView platforms.