Zulutrade Review 2023
Easy To Use?
- A Good Platform That Is Easy To Use
- Can Attach Multiple Brokers
- A Huge User Base And A Lot Of Money Backing Certain Traders
- I Have Struggled To Make Consistent Profits
- ZuluGuard Is More A Hinderance Than A Help
- Very Few Traders With 3+ Years Track Record
Welcome to my latest Zulutrade review. Many people have asked me if Zulutrade is a scam, and although it’s not, I’ve also struggled to make money with it. There is a big difference IMO between a scam and a platform that just doesn’t have many good traders on it!
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.
This is an honest review of Zulutrade based on my personal experience. Visit https://www.zulutrade.com/
Review Video Part 2
This is the second part of my Zulutrade review. I recorded this several weeks later.
Zulutrade is a social trading platform that allows users to copy the trades of experienced financial market traders. It is a great option for those who are new to trading and don’t have the knowledge or experience to make successful trades themselves. With Zulutrade, you can follow the forex trading strategies of successful traders and benefit from their expertise.
Pro and Cons
By far the biggest advantage of using Zulutrade is how easy it is to copy traders. In theory, you need zero experience in trading and can simply copy other traders in a matter of minutes. Whether that results in profits is quite another thing, however!
On the downside, the majority of users lose money. Just because you can easily copy trade does not mean that you are copying experienced traders that will consistently outperform the market. Also, trading fees can be quite high, even though the platform itself is free to use.
The best features of Zulutrade trading platform are;
- Copy Trading: With Zulutrade social trading platform, novice investors can benefit from the expertise of experienced traders and signal providers! By copying the trades and strategies of more successful investors, new traders gain valuable insight into how to succeed in their investments.
- Automation: The platform allows users to automate their trading process, allowing them to make smarter trading decisions.
- Analytics tools: Users have access to free market and analytics data to help stay up to date with the exact movements in technical and fundamental news.
- Trading Strategies: Zulutrade offers a variety of trading strategies that can be used by both novice and experienced traders.
- Low Fees: Zulutrade has low trading fees, although because they connect to other forex brokers you may up paying fees twice!
Some of the worst features of Zulutrade copy trading platform are;
- Limited Customization: Zulutrade does not offer as much customization as some of its competitors, which can be an issue for more experienced traders.
- Transaction Fees: Zulutrade fees are quite low, but then forex brokers charge again PLUS you need to pay the trader that you follow. All in all, fees are high for copy trading with Zulutrade.
- Limited Assets: Zulutrade offers limited assets to trade, which can be an issue for users who are looking to diversify their trading portfolio.
Who Is Zulutrade?
Since its launch in 2006, Zulutrade has grown to become one of the world’s most renowned online social trading platforms. Run by Tradenext Limited based in the British Virgin Islands, they offer their services globally and are regulated by both the BVI Financial Services Commission and UAE Securities & Commodities Authority. They are also reported to be regulated by Hellenic Capital Market Commission (HCMC) in Greece and by Japan’s General Investment Advisers Association in Japan (2014 – No. 1058 Member Associations).
To ensure the safety and security of our customers, Zulutrade partners with top-tier brokers who are regulated by authoritative organizations. These institutions hold these entrusted companies accountable for their trading activities and consumer protection efforts.
Currently, this platform works in collaboration with the following reliable brokers:
- IC Markets
Zulutrade has a large and growing user base of over 1 million traders. The social trading platform is popular among both experienced and novice traders all around the world.
How Does It Work?
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.
The platform also provides advanced analytics and trading tools that help users identify opportunities in the markets. Users can access real-time data, charting tools, economic calendars and more. Zulutrade also provides detailed reporting so that followers can track their performance.
What Is Copy Trading
Copy trading is a type of automated trading that allows users to copy the trades of experienced and successful professional traders. It involves connecting accounts so that when one trader makes a trade, the same trade is automatically copied into another account. This allows followers to benefit from the expertise of these top traders without having to manually execute every trade.
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.
Zulutrade offers different account types that cater to different trading needs. The minimum deposit is $500 with a maximum of $25,000. Zulutrade also offers a “Demo” account that allows users to try out the platform before committing their funds.
The minimum deposit for Zulutrade is $500 and the maximum is $25,000. The platform also offers a “Demo” account that allows users to try out the platform before committing to their funds.
Deposit & Withdrawal Options
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. The platform also supports the use of Bitcoin for deposits. Withdrawals must be made via wire transfer or e-wallet.
Zuluguard is a great option for those who want to take advantage of the opportunities that copy trading provides. The platform offers users a variety of tools and features that can help them become successful traders in financial markets. Zulutrade is a reliable and trusted platform with regulated brokers, ensuring user security and safety. Therefore, if you’re interested in copy trading, Zulutrade is a great place to start.
Zulutrade has an Automator service that allows users to customize and optimize their trading strategies. It is equipped with advanced algorithms and multi-level optimization techniques which enable users to track the performance of their automated bots in real-time. Moreover, it also provides backtesting capabilities so users can check the profitability of their strategies before using them in real trading.
Range of Markets
Zulutrade offers a wide range of financial markets including stocks, indices, currencies and commodities. It also provides access to different types of instruments like futures and options. This allows users to diversify their portfolios and increase their chances of generating profits from the markets.
- Forex pairs include EUR/USD, GBP/JPY, USD/CAD, AUD/NZD, and many more.
- Indices include: S&P 500, Dow Jones Industrial Average (DJIA)
- Commodities include gold, oil, and natural gas. Services include the provision of real-time market information, charting tools, indicators, and analysis.
- The platform provides traders with the latest news and commentary from experts in the financial industry.
- Stocks available to trade include Apple, Microsoft, Amazon, and more.
- Crypto CFD trading includes Bitcoin, Ethereum, and Litecoin.
- Commodities that can be traded on the platform include gold and silver.
- Indices available to trade include US30 and S&P500
Zulutrade provides a wide range of useful tools for an investor. These include advanced charting capabilities, technical analysis tools, signals, economic calendars, and news feeds. The platform also has an integrated trading simulator that allows users to test their strategies without risking real capital.
- Live prices tool to help users identify entry points into the markets.
- Signals and alerts tool to notify users about market movements.
- Charting tools with various indicators can be used for technical analysis.
- Economic calendar to track upcoming economic events and news releases.
- Zuluscripts, provides users with written reports from expert analysts.
- Demo account with virtual funds to help new traders learn the ropes of trading.
- Calculators for margin and pip values.
- Real-time market prices, news, and streaming quotes.
- Social trading platform to follow and copy successful traders.
- Calendar of events to stay informed on important announcements.
Education & Training
Zulutrade also provides a range of education and training resources for traders. There are tutorials, webinars and ebooks available to help users gain a better understanding of the markets. The platform also has an extensive knowledge base that covers topics such as risk management, trading strategies, charting tools, and technical analysis.
- Zulutrade University – a comprehensive training program designed to help traders learn the ins and outs of trading.
- A comprehensive library of webinars and tutorials on topics such as technical analysis, risk management, and more.
- Free ebooks covering various aspects of trading, such as the basics of trading and day trading.
- Online courses from professional traders.
- Live webinars on current market topics.
Zulutrade also offers an affiliate program that allows users to earn commissions by referring a new investor to the platform. The affiliate program is designed to help investors maximize their profits and take advantage of the growing popularity of copy trading. Affiliates can receive up to 40% commission on all referred trades. To earn, you simply need to post your own Zulutrade review and drive traffic to their landing page using your unique affiliate link.
Is It free? (Fees and Charges)
Yes, Zulutrade is free to use. However, Zulutrade does charge a commission on trades executed via the platform. The commission rate varies depending on the type of asset traded and the size of the trade. There are no fees for opening or closing an account and there are no minimum deposits required.
Zulutrade provides customer support through various channels. Users can contact the support team via email, live chat, phone or social media. Customer support is available in English and Spanish. The Zulutrade team is highly responsive and knowledgeable about the platform’s features and services.
Getting Started With Zulutrade
Getting started with Zulutrade is easy. 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. Once you have connected your accounts, you can start trading and copying the trades of experienced traders (signal providers).
Zulutrade Reviews (reddit, trustpilot)
Zulutrade has been praised by many online reviewers and users. On Reddit, Zulutrade has an average rating of 4.6 out of 5 stars with over 3,000 reviews. Trustpilot also gives them a score of 9.1 out of 10 from over 1,500 reviews. Many users appreciate Zulutrade’s user-friendly interface, advanced analytics and trading tools, and the wide variety of educational resources available.
Overall, Zulutrade is a great platform for both beginner and experienced traders. With its easy to use interface, comprehensive educational library and copy trading capabilities, Zulutrade is an excellent tool to help traders make informed trading decisions. The platform also provides a wide range of features and services that help traders maximize their profits. If you are looking for a copy trading platform, Zulutrade is definitely worth considering.
Zulutrade’s main competitors include eToro, FXCM, Pepperstone, and TradeStation. Each of these platforms is similar to Zulutrade in that they offer copy trading capabilities. However, Zulutrade stands out from its competitors with its user-friendly interface, advanced analytics tools, and comprehensive educational library.
Zulutrade Vs etoro
Both Zulutrade and eToro are copy trading platforms. However, Zulutrade stands out from eToro in several ways. Zulutrade is more user-friendly than eToro and offers a wider range of features such as advanced analytics tools and detailed reporting. In addition, Zulutrade provides a comprehensive educational library to help users become more familiar with the platform and financial markets.
Zulutrade Vs TradeStation
TradeStation is a powerful trading platform that offers advanced charting, customized trading strategies and automated trading capabilities. However, Zulutrade stands out from TradeStation in that it provides copy trading functionality. This allows users to copy experienced traders and benefit from their expertise without having to manually execute every trade.
Zulutrade is a great platform for both beginner and experienced traders. With its easy-to-use interface, comprehensive educational library and copy trading capabilities, Zulutrade is an excellent tool to help traders make informed trading decisions. The platform also provides a wide range of features and services that help traders maximize their profits. If you are looking for a copy trading platform, Zulutrade is definitely worth considering for ease of use!
However, in my own personal experience, it was not profitable and my Zulutrade review shows this in detail. Perhaps you will have more success than I did – after all it’s all about finding the best traders to copy, right?
ZuluTrade Review: Frequently Asked Questions
Is Zulutrade Profitable?
This very much depends on the quality of the traders that you follow. I’ve been testing it for many years and have not found it to be very profitable. Others may have a different experience, but in all honesty, I cannot pretend that it has been profitable when it hasn’t!
Is Zulutrade A Forex Broker?
No, Zulutrade is not the forex broker. You will need a separate forex broker account in order to connect to ZuluTrade for copy trading. You can find a list of accepted forex brokers here – https://www.zulutrade.com/select-broker
Is Zulutrade Regulated?
Yes. Zulutrade is regulated by Triple A Experts SA – EU Regulated, Licence # 2/540/17.2.2010 (now holds EU Portfolio Management License). It is also regulated by Hellenic Capital Market Commission (HCMC) in Greece and by Japan’s General Investment Advisers Association in Japan (2014 – No. 1058 Member Associations). Importantly, you should consider whether or not your forex broker is also regulated because this is where your trades are actually executed.
Is My Money Safe With Zulutrade?
Your money is deposited with a forex broker rather than directly with Zulutrade. Make sure you deposit with a trustworthy broker. Your money is also at risk of trading losses, and most customers lose money on the ZuluTrade platform. The forex market is very high-risk investing!
How Can I Make Money With Zulutrade?
This is very difficult to answer because I myself have not figured out a way that it can be profitable yet. Ideally, you need to follow several investors in order to balance your overall portfolio, but there aren’t very many consistently profitable traders on the platform and therefore making money is extremely difficult. You could also consider practicing using a free demo account. That way, you are not taking any risk and see how things unfold before putting your own funds at risk.
What Is The Best Alternative To Zulutrade?
I have tested various social trading platforms (and continue to test new ones all the time). I have put together the best ones that are working right now in an email newsletter. Head to the homepage here to add your email address and get the details sent to you.
Is This The Best Social Trading Platform?
In my opinion, it is not the best social trading platform. 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.
Can I Use Zulutrade In My Country?
Zulutrade accepts customers from many countries around the world, including Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and more. If you’re unsure if you will be accepted then contact their support to ask before applying.
Is Zulutrade Available In The USA?
No. Unfortunately, Zulutrade’s forex copy trading platform is unavailable to investors in the USA. Those in the USA will need to find alternative auto trading strategies and platforms.
How Do I Deposit Funds With 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. However, you need to check the deposit options for the CFD broker you are using before you deposit money.
How Do You Trade WIth Zulutrade?
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.
Is Zulutrade free?
Yes, it is free to use this platform (there are no subscription fees). 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. Platform fees can therefore add up, although a good trader should be making sufficient profits to cover all platform fees and still keep their copy traders in profit.
Is Leverage Available?
Yes, it is possible to use leverage with Zulutrade, although again it does rely on the forex broker you use to provide the leverage. Sometimes it’s possible to get leverage of up to 1:1000 although is clearly very high risk!
Who is the best forex trader on Zulutrade?
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 high profits) very quickly but they don’t last long. I prefer to look for experienced forex traders with a proven track record (2+ years). Even so, it is still very high risk and losses can be incurred very quickly especially if the trader is not using a stop loss. Slippage can also be a problem.
What Markets (Financial Instruments) Are Available?
Zulutrade operates primarily in the forex market. However, their range of copy trading services does extend to other markets and financial instruments. It’s worth noting that all of the forex brokers that they use as CFD brokers so this is the primary instrument used to trade.
In terms markets, they offer foreign exchange (all major currency pairs), as well as stocks (such as Apple, Microsoft, and Amazon), INdices (such as S&P500 and FTSE), and Commodities (eg. oil, gold, and silver).
What Is The Minimum Deposit?
The minimum deposit depends on the broker you are using. Most brokers have a minimum deposit of $10 but you may need more in order to get started copy trading.
What Are The Fees?
One of the main fees to consider with CFD forex trading is spread. The broker you choose will charge spread on transactions and Zulutrade add additional spread on top. There is also a commission on winning trades (profit fee) of 25%.
What Is The Best Copy Trading Platform?
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. On the other hand, TradeStation may be better suited for more experienced traders who need access to advanced analytics tools and automated trading.
Is Zulutrade A Scam?
No, Zulutrade is not a scam. As mentioned above, it is a regulated platform that provides users with the tools and resources they need to make informed trading decisions. Furthermore, Zulutrade has been praised by numerous online reviewers for its user-friendly interface and comprehensive educational library.
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Looking for a profitable way of trading CFDs? Check out my Gorilla Trades review.