ZuluTrade Review: Costs
Setting up a demo account and looking at what other traders are doing on the social trading network is totally is totally free on the ZuluTrade.
When you start trading with real money the following costs apply:
- ZuluTrade commission:
This is charged per trade by the broker, in addition to their normal spread, for connecting your account to ZuluTrade. It ranges from 0 (with AAAfx, ZuluTrade’s own broker) to 3 pips.
- Broker spread (please note that this is not a ZuluTrade cost and would apply if you trade yourself as well without using their social trading platform):
The spread is the difference between the buy and sell price. This is valued in pips and varies between brokers, currency pairs and sometimes time of the day (some brokers widen the spread during high volatile periods such as news events)
- Overnight roll over / swap fee:
Depending on the currency pair your broker will also charge a roll over or swap fee when you keep that position open overnight. This is normally not much, though can add up if you follow traders who leave positions open for months.
There are no additional costs. The traders (“Signal Providers”) you copy are paid directly by ZuluTrade (as part of the commission).