What is ZuluTrade? | SocialTradingGuru.com

What is ZuluTrade?

ZuluTradeZuluTrade is a social trading network and platform that connects you with thousands of traders (also called ‘signal providers’) around the world. Instead of studying the market and trading yourself, you select the signal providers you’d like to follow instead. The Zulutrade platform will then convert their advice and trades directly into your own account (with one of their supported brokers or their own AAAfx broker).

ZuluTrade

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At any time, you can close trades 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 account level (e.g. only EUR/USD trades) or at signal provider level (e.g. no more than 5 open trades at any time).

Identify The Best Performing Traders With ZuluTrade

ZuluTrade provides a wide range of information for you to evaluate and select a ‘trader’. This includes the provider’s strategy, past performance, maximum drawdown and follower comments. You can review every single trade made by the trader in the past if you like. The best performing traders are also listed in the ZuluTrade performance tables which can be ranked on a number of parameters.

What Instruments Can You Trade, and Can You Copy Other Traders?

While initially ZuluTrade was pretty much a pure social forex trading network, since they added CFDs in 2015, more signal providers now also trade gold, silver, commodities and indices in addition to forex currency pairs. And in addition to Forex/CFD traders, ZuluTrade now also lets you copy successful binary options traders through their social trading network.

Why You Should Check Out ZuluTrade’s ‘Social Charts’

The social aspect is delivered through an active forum and customer feedback and votes which can be directly left on the signal provider’s pages. In addition, you can link your ZuluTrade account to your Twitter or Facebook account, which will post a message every time a trade is closed in your account (winner or loser). They also introduced a unique feature called ‘Social Charts’. This allows you to share your comments directly on any instrument chart, and interact real-time with other ZuluTrade followers and traders as market events happen.

What Does It Cost To Copy Traders On ZuluTrade?

Following the traders/signal providers and using the ZuluTrade platform from a live account is free. Your actual cost is included in the spread for each trade. E.g. if your broker spread is 2 pips, part of this will go to ZuluTrade as commission. The “signal providers” are paid direct by ZuluTrade, who share the pip commissions the “signal provider” has generated at the end of the month from their followers, but only if they made a profit in pips at the end of the month (i.e. they don’t get paid in losing months).

How To Sign-Up For A ZuluTrade Demo Account

You can sign-up for a free Zulu Trade demo account (click here) which allows you to select any signal provider in the same way as you would with a live account and monitor the performance of your portfolio. Once you decide you want to use “real” money you need to sign-up with one of their supported brokers. AAAfx is their “preferred” broker because they’re part of the same holding company as ZuluTrade. However they’ve got a list of over 40 other brokers globally which you can sign-up with as well.

 

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Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.