Do you want to find out what are the best ZuluTrade alternatives as regards Copy and Social Trading?
Maybe you aren’t comfortable using this platform, and would like to find out if there are any viable alternatives to ZuluTrade?
Here, you can find the 5 best ZuluTrade Alternatives for 2020.
In addition to showing you the 5 best sites like ZuluTrade, you’ll find links to our free guides to learn how to use them at their best.
ZuluTrade Alternatives and ZuluTrade Competitors – The 5 best sites like ZuluTrade
The 5 best alternatives to ZuluTrade you will find in this list have been selected considering the similarity to the ZuluTrade platform and their potential in terms of Social Trading, Copy Trading, and other opportunities.
So, this is not a list from best to worst, but from the most similar to ZuluTrade in descending order, although all these alternatives to ZuluTrade still relate to Copy Trading, or the more extensive Social Trading.
The first alternative for anyone who has tried ZuluTrade and wants something similar is definitely eToro. eToro is a platform dedicated a bit more to Social Trading, slightly less professional than ZuluTrade as regards Copy Trading and the possibility to create a people-based portfolio. However, the size of the trader community, the exceptional offer of tradable assets (with an emphasis on cryptocurrencies) and the presence of alternative investment products, such as copy funds, make eToro one of the best and foremost alternatives to ZuluTrade. eToro is also a broker, as opposed to ZuluTrade, which is only a platform, requiring users to integrate an outside broker.
Another thing which makes eToro an excellent alternative is simply their outstanding reputation. They are by far the best known and top social trading broker in the industry. Once you are here, you can try the unlimited demo account before getting started on one of the most user-friendly proprietary trading platforms in the industry with a $200 minimum deposit where you can start to copy the best traders on the platform for a minimum investment of $200 on for each trader copied.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. Naga Trader (ex SwipeStox)
Right now, Naga Trader is certainly among the main alternatives to ZuluTrade, which was called SwipeStox until a few months ago. The Naga Trader platform offers access to hundreds of assets, from currencies to CFDs on stocks, indices, ETFs, commodities, futures and cryptocurrencies. Naga Trader might even be better than eToro as regards cryptocurrencies, since the Naga group, the conglomerate which Naga Trader belongs to, has even created its own cryptocurrency, called Naga Coin (NGC), which allows numerous advantages to those who use it.
Another very advantageous and attractive point for many with Naga Trader is the fact that no minimum deposit is needed. This can be great if you are new in the industry. Similar to Zulutrade there are also a wealth of social trading features built into trading with this broker. Continuing the appeal to crypto traders, you can also deposit in more than 5 types of cryptocurrency and utilize the brokers own currency and crypto wallet. This makes them an extremely accessible and popular choice where of course you can also trade a wide range of forex and CFD markets.
Compared to eToro, Darwinex is a completely different alternative to ZuluTrade. The Social Trading element is mostly absent on Darwinex, and users have almost no way to interact. On the other side, Darwinex represents one of the most innovative and professional platforms when it comes to Copy Trading and the possibility of creating a trader-based portfolio. Darwinex even created an innovative model of Copy Trading, where traders are treated as synthetic investment products, called Darwins, on which users can invest purchasing them, as you would with a normal stock option.
Darwinex are also among the most popular alternatives due to the level of trust they have built in the industry with being based in London and comprehensively regulated by the FCA. Experienced traders are also very attracted by the STP execution speeds, trading costs, and availability of many markets including CFDs on stock, commodities, indices, and crypto for trading through MT4 and MT5.
Collective2 is another popular and interesting Zulutrade alternative based in the US. They offer extensive copy trading options as well as incorporating a unique social trading component. They are also very well regulated by the NFA. One of the first major points to stand out in regard to Collective2 is the fact they do not charge any fees, but instead they opt for a monthly plan.
There are 4 plans available through the broker which range in price from $49 to $299 monthly and you can save as much as 15% with their annual plan. These plans are inclusive of any other fees and may be ideal for higher volume traders. When it comes to following users, like Zulutrade, this is not possible. Instead you follow strategies that are made available by the platform instead of individual investors. Depending on the level of plan you have chosen, more strategies will be available to copy.
Last but not least on our listing of the best ZuluTrade alternatives is iSystems. They are a Spanish copy and social trading platform that also have authorization to make their services available to the US market. Through iSystems, you can connect your trading account with another broker directly to their own trading platform. From there, you can utilize the many copy and social trading features they make available.
Through iSystems platform, you can both copy the trades or others, and be copied. They make more than 30 top trading brokers available through their collaboration so the platform is highly accessible. iSystems keep their main focus as stocks and futures brokers including the likes of Halifax, so they will be a great Zulutrade alternative if you hold an account with one of these brokers.