Collective2 vs ZuluTrade: Comparison and Analysis

Collective2 vs ZuluTrade: A Comparison of Social Trading Platforms

Social trading platforms such as Collective2 and ZuluTrade have gained popularity among traders who want to automate their trading strategies and follow the trades of experienced traders. In this comparison, we’ll take a closer look at these two platforms and evaluate their features, fees, security, and customer support.

Security

Both Collective2 and ZuluTrade are regulated by reputable authorities, with Collective2 being a member of the CFTC and NFA in the US and ZuluTrade being regulated by HCMC, CySEC, JFSA, FSC of Mauritius, and FSCA. However, ZuluTrade has a slightly higher security rating of 94 compared to Collective2’s 92.

Demo Account

ZuluTrade offers an unlimited demo account with customizable virtual funds of up to $1 million that can be replenished by contacting customer support. On the other hand, Collective2 offers a 7-day free trial for investors and a 14-day free trial for strategy managers, but without virtual funds.

Account Opening

Both platforms offer a standard account, and the account currency and payment methods depend on the chosen broker. However, Collective2 doesn’t have a minimum deposit, while ZuluTrade has a $100 minimum deposit, and traders need to consider the minimum deposit of the broker they want to connect to ZuluTrade.

Social-Copy Trading

Both platforms offer social-copy trading, but Collective2 specialises in offering trading systems created by third-party traders. Investors can choose from a variety of strategies and automatically follow them. ZuluTrade also offers quality copy trading features, with a huge number of filters and trading order types.

Markets

Collective2 offers forex, stocks, options, and futures trading systems, while the specific number of assets depends on the trading strategies and the chosen broker. ZuluTrade allows traders to trade 50+ forex pairs, 3 commodities, 7 indices, and 4 crypto assets with AAAFX (which owns ZuluTrade).

Trading Fees

Collective2 charges subscription fees for subscribing to trading systems, starting from $19 per month for strategy managers and $49 per month for investors, while brokerage fees depend on the chosen broker. ZuluTrade offers variable spreads starting from 0.3 pip on forex, and the broker-related fees depend on the chosen broker.

Platforms

Collective2 offers a proprietary platform available via web, while ZuluTrade offers a proprietary social trading platform and can be integrated with MT4 accounts from supported brokers.

Education/Customer Care

Both platforms offer educational resources such as video tutorials, comprehensive user guides, and blogs covering market analysis and trading insights. However, Collective2 has limited educational resources compared to ZuluTrade. Regarding customer support, both platforms offer email, live chat, and phone support, but the availability and quality may vary between brokers integrated with the platforms.

Conclusion

Both Collective2 and ZuluTrade offer social-copy trading platforms that allow traders to follow experienced traders and automate their trading strategies. While Collective2 has no minimum deposit and specialises in offering trading systems created by third-party traders, ZuluTrade offers an unlimited demo account with customizable virtual funds and a wider range of assets to trade. Additionally, ZuluTrade has better security and more comprehensive educational resources, while Collective2 offers lower subscription fees for investors. Ultimately, the choice between these two platforms depends on the trader’s preference and trading needs.