I was there as a trader and not only was my share paid out, but fees were also deducted after rejection. Completely dubious for traders, use mql or signalstart instead. Adjusting risk levels when copying trades on ZuluTrade is possible. Users have the flexibility to adjust the level of risk they are willing to take by selecting signal providers with different risk profiles or by adjusting the position sizing of copied trades. Investors and traders require an MT4 account with a partner brokerage, which is then linked with a ZuluTrade account.
Given the high risk due to the volatility of this type of asset, the platform’s transparency and relatively good standards for vetting its copyable traders offer some neat safety assurances. Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry. Anthony’s writing is informed by personal trading forex broker reviews experience, which he uses to help other forex traders improve their results.
Does zulutrade offer negative balance protection?
This means that the more profits that build up in your account, the more compensation you and your traders will receive. The profit-sharing plan is a great option for those who want to build a trading community online. The stock market is notoriously volatile, and for newer traders getting started for the first time, this can prove a significant barrier to entry.
ZuluTrade’s Top Leaders
I like how once this threshold is hit, ZuluGuard will step in and close all open positions and disable the trader instantaneously. As ZuluTrade is an online social trading platform, you can use your own online broker provided they are supported by the ZuluTrade platform. I appreciate how they currently support brokers from all over the world including the United States, Europe and many other countries.
Is Zulutrade.com a scam or a legit company?
- The zulutrade phone support team were able to effectively address our queries and problems over the phone.
- Its key selling point lies in allowing followers to mirror the trades of experienced traders.
- Zulutrade goes one step further with their automated trading robot feature.
- ZuluTrade has connections with the majority of the world’s top forex brokers.
- Instead, your Zulutrade funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Zulutrade.
However, it is worth noting that the quality of the traders can be variable. Many skilled and consistent traders are on the platform, as well as underperforming ones.On the other hand, customer support has been exceptional – responsive and knowledgeable. Zulutrade is regulated by the Hellenic Capital Market Commission (HCMC), Japan (2014 – No. 1058 Member Associations / General Japan Investment Advisers Association). When selecting a broker such as Zulutrade, one of the most critical factors to consider is the broker’s regulatory body and regulatory status.
Customer Support
- This feature enables investors to follow selected leaders and automatically replicate leaders’ trades in investors’ accounts through trading signals.
- Furthermore, the platform offers profit sharing accounts, allowing investors to trade with discounted commissions and pay traders from their earnings.
- ZuluTrade is established globally, it is regulated in EU and Japan and used by millions of investors worldwide.
- By enabling users to copy trades from professional traders, ZuluTrade bridges the gap between beginners and experienced market participants.
- However, you must do your own due diligence and make your own decisions when choosing a broker.
All in all, the customer support on the platform is quite robust. If you want to try your hand at crypto CFD trading, ZuluTrade also offers you access to copy trades in a host of crypto assets from a variety of brokers. It samples up to 4+ cryptos, including popular coins like Bitcoin, Ethereum, Luna, and Solana, all paired with the US Dollar.
Zulutrade offers clients Forex trading, CFDs trading, and Social trading. All funds deposited to Zulutrade are held in segregated bank accounts for security. Zulutrade is regulated by Hellenic Capital Market Commission (HCMC), Japan (2014 – No. 1058 Member Associations / General Japan Investment Advisers Association) so can be considered legit. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Zulutrade terms and conditions.
Other brokers that are offered do charge an additional fee from Zulutrade users, while AAAfx doesn’t. Based on my own experience, AAAfx has the lowest spreads because of that. The main trouble with a lot of brokers is their shitty customer support service.
Broker Overview
Zulutrade ensures that the individual needs of all online traders are met to the best of their ability. Zulutrade is a trading partner which has forged its way successfully to the broker world. In this review, we have tried to collate a number of the important aspects of zulutrade. This guide can allow you to learn whether zulutrade is a fantastic match for your own investments or not. We’ve tried to breakdown all the features and fees for your convenience.
Copy trading is not trustful and disconnect sometimes
To begin with, the social platform has a solid live chat feature that enables quick access to agents on weekdays. Additionally, you can reach the platform via its phone contact and/or email address. Furthermore, it also operates social media handles on Facebook, Instagram, Youtube, Reddit, Twitter, Tiktok, and LinkedIn. And though the live chat is always faster (especially from their web page), it may not be available on weekends; this is where the FAQs section can come in handy. It can provide quick answers to a range of common questions users might have.
The ZuluTrade platform collaborates with brokers that provide trading solutions on numerous instruments, including crypto CFDs, stocks, forex, commodities such as oil, and indices such as the Nasdaq. The concept of the brand is to offer an environment where global traders are able to connect any trading platform and share knowledge and ideas to get better trades. The vision of ZuluTrade is to become the world’s biggest social trading community worldwide that offers its clients customer-focused investment solutions for the best trading experience. The platform connects the gap between essential data in money markets and trade execution by converting the advice of the best traders and most talented traders around the globe. Also, this platform enables traders to give feedback and share ideas in trading at the same time. It can audit global Traders and share their strategy with the investors that are interested in their trading approach.
These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals. By offering ECN execution, Zulutrade provides traders with tighter spreads and increased transparency regarding trade pricing. It’s worth noting that ECN accounts typically come with a commission fee and tend to be favoured by traders who use high-volume strategies, such as scalpers and those utilizing automated trading.
