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IC Markets and ZuluTrade have proven over the years to be supporting platforms for Forex traders. In our comprehensive IC Markets Review and ZuluTrade Review, we highlight the important attributes of these brokers.
This article explains how to connect the two Forex trading tools and why connecting them is crucial to your trading success.
How to Connect Your IC Markets Account with ZuluTrade
Below is a step-by-step guide on how to connect your IC Markets account with ZuluTrade:
Step 1: Open Your IC Markets Account.
If you are a beginner, start with a Demo account where you can learn about trading before using a live account.
With IC Markets you can open a demo account and trade with virtual funds, thereby reducing your trading risks (74-89% of retail CFD accounts lose money).
Step 2: Verify and Fund Your Account
When you are ready to open an IC Markets live account, you must verify your account and fund it by following the process below:
- Provide proof of identity.
- Provide proof of address.
- Make a deposit.
IC Markets doesn’t require a minimum deposit amount. Nevertheless, you must credit your account with enough funds to trade at any time.
The platform supports a wide range of deposit options such as credit cards, wire transfer, or e-wallets. Choose any of these options to fund your account and start trading.
Step 3: Open a ZuluTrade Account to Connect with IC Markets
Visit the ZuluTrade website to open an account. During the opening process, choose IC Markets as your preferred broker. If you currently don’t have an account, ZuluTrade will direct you to the broker’s homepage (74-89% of retail CFD accounts lose money).
The entire account opening process may take about 2 or 3 days to complete.
You must keep a minimum of $100 in your account when you open a live ZuluTrade account. The funds will keep the copy trading going always.
Otherwise, if you can’t afford that much or don’t wish to at the moment, you can study how ZuluTrade works with a demo account. Once you’ve garnered the necessary trading experience, you can proceed to the live account to put your skills to use.
Step 4: Choose Your ZuluTrade Account Type
On ZuluTrade, you can be a signal provider (Trader account) or a copy trader (copy other traders).
ZuluTrade Classic is the only ZuluTrade copy trading account that IC Markets supports. You can’t access the ZuluTrade Profit Sharing account type.
- Standard volume-based commissions are guaranteed.
- Fully customized or manual copy trading.
- Recommended for advanced users.
- To try out the service, you can open a ZuluTrade free demo account.
Step 5: Define Your Trading Strategy
You can choose your ZuluTrade strategy after setting all the fields mentioned above. base your strategy on the type of traders you wish to attract or according to your preference.
ZuluTrade accepts every trading technique, including Algo Trading or Scalping.
Where Can You Connect IC Markets to ZuluTrade?
ZuluTrade opens the door to EU customers only to connect to IC Markets.
However, don’t forget that IC Markets isn’t available in Belgium and some other countries. Take a look at the full list of the banned countries from our IC Markets Review dedicated section.
Why Should You Connect IC Markets to ZuluTrade?
Here are some reasons why you should connect IC Markets to ZuluTrade:
ZuluTrade has a user-friendly interface, and it’s easy and intuitive to use. You can create a list of traders you can choose from and rank them by their success rate, number of followers, and trading instruments.
The trading platform also has some protection tools like Zuluguard which works as an advanced stop loss – take profit. With their aid, you can monitor your trading activities and set values that can help you reduce your risks or make a profit.
ZuluTrade is available for traders using Web and Mobile and is also compatible with MetaTrader 4 and EAs.