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ZuluTrade has proven to be a great broker for all classes of Forex traders: newbies and experts.
If you are new in the Forex trading business, check our ZuluTrade Review and see how the brokerage can impact your trading skills.
How to Connect Your Instaforex Account with ZuluTrade
Here’s a step-by-step guide that will help you connect your Instaforex Account with ZuluTrade:
Step 1: Open Your Instaforex Account
If you are a beginner, open a demo account to learn about the platform and trading tricks before trading on a live account.
With Instaforex, you can open a demo account (55.29% of retail investor accounts lose money) and learn how to trade with virtual accounts before trading with real money on a live account.
Step 2: Verify and Fund Your Account
After learning with the demo account and are ready to open an Instaforex live account, you must verify and fund your account by following the process below:
- Provide proof of address.
- Provide proof of identity.
- Make the initial deposit.
The minimum deposit amount on Instaforex is $0. You can make this deposit via payment options such as wire transfers, credit cards, or eWallets.
Step 3: Open a ZuluTrade Account to Connect with Oanda
Visit the ZuluTrade Website (74-89% of retail CFD accounts lose money) to open a trading account. Choose Instaforex as your broker.
If you currently don’t have an Instaforex account, ZuluTrade will direct you to the broker’s homepage.
It may take about 2 or 3 days to complete the connection process.
If you open a live ZuluTrade account, you must keep a minimum of $100 in it to keep the copy trading going at any time.
If you can’t afford that amount at the moment, you can open a demo account to study how the brokerage works.
Step 4: Choose a ZuluTrade Account Type
You can be a copy trader (copy other traders) or a signal provider (Trader account).
On Instaforex, ZuluTrade Classic is the only ZuluTrade copy trading account available. You can’t access the Zulu Profit sharing account type on it.
ZuluTrade Classic account features:
- Standard volume-based commissions.
- Fully customized or manual copy-trading.
- Recommended for advanced users.
You can open a ZuluTrade free demo account (74-89% of retail CFD accounts lose money) to study the broker.
Step 5: Define Your Trading Strategy
Once you have set all the fields mentioned above, go ahead and choose any ZuluTrade strategy of your choice, depending on the type of traders you want to attract.
ZuluTrade allows every trading technique such as Algo or Scalping Trading.
Where Can You Connect Instaforex to ZuluTrade?
ZuluTrade allows you to connect to EU-based Instaforex customers only.
Remember, though, that Instaforex bars some countries such as Belgium from using its services. Visit the Instaforex website (55.29% of retail investor accounts lose money) for the list of countries it doesn’t accept.
Why Should You Connect Instaforex to ZuluTrade?
If you are still wondering why you should connect Instaforex to ZuluTrade, here are some reasons why that’s a smart move:
- ZuluTrade has a user-friendly interface that allows users to use it with ease.
- You can create a list of traders you can choose from based on trading instruments, the number of followers, and their success rates.
- It provides protection tools such as ZuluGuard that works as an advanced stop loss/take profit tool.
- Aside from being available for mobile and web users, it is also compatible with EAs and MetaTrader 4.