Review of ZuluTrade Costs and Fees
Commissions, costs and fees are crucial when choosing a broker or a social trading network. When it comes to platforms like ZuluTrade, there are many factors to bear in mind. Please check this page to find out the fees for trading with ZuluTrade.
You can open a free Demo Account for free!
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.
Fees apply to real-money accounts
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: 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). Please note that this is not a ZuluTrade cost and would apply if you trade yourself as well without using their social trading platform.
- Overnight rollover/swap fee: Depending on the currency pair your broker will also charge a rollover 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.
- Zulutrade costs for Profit Sharing Accounts: as stated on their website, these clients will be charged a “20% Monthly Performance Fee per selected signal provider (Trader) investment strategy (System) for as long as he/she uses the ZuluTrade Platform with this account”.
There are no additional costs. Zulutrade pays the traders (“Signal Providers”) you copy directly through a commission scheme.