Are you looking for a list of ZuluTrade supported brokers to figure out what is best to choose?
We have created a very useful list.
(Have you already tried the ZuluTrade demo account instead? With that you can try the service and see completely how your future real account will be. Take advantage of this opportunity)
There are about fifty brokers around the world with which you can use ZuluTrade, but some of them are not regulated and authorized by any authority. This does not mean you cannot or should not absolutely use them, but that they should be the second choice, because regulated and licensed brokers are definitely preferred.
What we did in the first place was to create a list excluding all the non-regulated ones.
Next, we have divided the list between the three major categories of regulations: Europe, USA, and other various countries in the world (eg Switzerland or Russia).
At the bottom of this post we will also reveal the most important factor you must pay attention to in order to correctly choose your ZuluTrade broker.
(This post is part of the best broker forex series)
ZuluTrade Brokers regulated in EU 2020
This is, in our opinion, the most important list, namely that of the brokers supported by ZuluTrade that have the authorization to operate in Europe.
Among them you will also find what we believe is the best broker for ZuluTrade.
ZuluTrade Brokers regulated in US 2020
Three of the brokers regulated in EU are also regulated in the US by the NFA (National Futures Association).
ZuluTrade Brokers with other countries’ regulations
Finally, there’s the large list of all those brokers that are regulated by institutions of countries that are neither EU nor US, such as Switzerland, or Russia, or the Arab countries and others.
Lesson No. 1 for Choosing your ZuluTrade broker
The things to check when you have to choose a broker are many, and there are several resources on the web to find out what they are: the quality of the platform, the assistance, the presence or absence of certain tools, and so on.
When, however, we have to choose a broker to be connected to ZuluTrade to use the copy trading service, then the main factor is definitely one.
The loss in value that on the copied trades, otherwise called Slippage.
The best thing, of course, is make sure you have the lowest slippage possible, in order to replicate as closely as possible the signal provider operations, and thus replicate with precision his performance.
To help you analysing this important parameter, ZuluTrade provides a useful table, which you can find in each signal provider’s profile (you can find it and observe how it works with the demo account).
In this table ZuluTrade shows the slippage values that users have achieved with their respective broker by replicating the operations of that specific trader.
This way you can know in advance if with a particular trader, and with a particular broker, you may have more or less distorted performance.