ZuluTrade Review 2020 - Opinions, Tutorials, Pros e Cons, Comments

Filippo Last Updated: October 2020 18 min read
security 96
cost 61
trading 49
education 69
Rated: Medium
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Did you search for “ZuluTrade review” to figure out ZuluTrade’s real value?

Would you like to understand whether ZuluTrade is reliable or just a con before you begin using it?

Do you want to find out everything you can do with ZuluTrade, expert opinions, and user reviews?

Great.

In this ZuluTrade review, you’ll find everything you need to dispel any doubt, including our opinion on ZuluTrade, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the ZuluTrade platform, to be able to fully follow this review.

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ZuluTrade review
Security

The very first place we will start out with our Zulutrade review is in a key area for all traders regardless of experience level. This area is security.

Of course, Zulutrade has been around for a number of years in the industry and already built a strong reputation when it comes to being both secure and trusted, though here we will see exactly what is on offer from the broker and how they work to protect you as a trader.

ZuluTrade

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Foundation and Offices

ZuluTrade was founded in 2007, therefore it’s been on the market for many years with hundreds of employees in their offices all over the world, and with many partnerships with other important players of the financial markets. Zulutrade has a couple of key locations around the world from which they operate. These offices are the physical presence of the company, though they do offer trading services to those around the world.

Greece

Akti Kondili 14,

Piraeus 185 45

+302130176300

Japan

3rd Floor, 3-2-11,

Kitazawa, Setagaya-ku

Tokyo, 155-0031

Regulation

A key point of any Zulutrade forex review should note that they are well-regulated. The Zulutrade parent company, Triple A Experts SA is regulated in Greece by the Hellenic Capital Market Commission (HCMC).

Added to this. Every broker which is a partner of Zulutrade and which you can connect to your account is very well-regulated within their respective jurisdictions. To this end, Zulutrade only allows regulated brokers to connect with their services.

Money protection

As a trader, protection of your funds while trading is of vital importance no matter your broker choice. This is something which is well-recognized by the broker and which other Zulutrade user reviews have pointed out.

Zulutrade takes care of your funds first and foremost by placing them in segregated accounts with top-tier institutions. Beyond this, the broker also provides for a negative balance protection which means you can never lose more than you deposit with them.

As a copy trading broker, ZuluTrade has very strict criteria in place as to which traders can be featured as those “traders to copy”, and at the top traders on their leaderboards. This move is a positive one for you as a trader since it limits the likelihood of so-called “lucky traders” being copied. This in an indirect way can help to protect your funds.

With that point in mind, while Zulutrade does their best to filter out these lucky traders, it does not mean you should immediately trust every other available trader. You should still do your due diligence before placing any copy trades even with one of the best copy trading brokers around as Zulutrade is.

Not Accepted Clients

Despite the fact that our Zulutrade review has shown the broker to accept customers from most countries in the world, there are still some limitations. These limitations come from the brokers who you open your accounts with, in order to connect with Zulutrade.

You will have to make sure that the broker you have chosen is first available in your country prior to opening the account and connecting it to Zulutrade. To confirm this, you can always contact the customer support of your individual broker or read our Investingoal review of that broker.

Pros
  • ZuluTrade is well-regulated and safe
  • Available in many countries
Cons
  • No cons

ZuluTrade review
Costs and Accounts

The next area of focus in our Zulutrade review is the costs you will incur when trading. Not only that, but we will also take a detailed look at the various account types you can choose from with them

ZuluTrade

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Account Types

There are several account types that you will have to select from when you are trading through Zulutrade. Here is a closer look at exactly what is available.

Demo Account

A demo account is a great starting point no matter who you are trading with. The same is true of the demo account in this Zulutrade review. Forex trading or trading in any other asset, it doesn’t matter, a demo trial is the perfect chance for you to trade with virtual funds risk-free but in a real simulated environment.

The demo account is unlimited and you can also try out both the classic and profit sharing account features. In fact, you can try out a demo of every live account type and feature that are available without ever connecting it to your broker. Once you are satisfied with that, you can connect your broker with a real deposit. At least $100 must be kept in the broker in order to use Zulutrade with it.

Classic Account

The first popular Zulutrade account type choice we will look at is the classic account. The model of this account is based on volume operations that are then replicated by the follower. With this account type, if you are following a trader, you will pay at the moment they open a position depending on its size. This account type is best suited, and most popular with more advanced users.

Let’s take a look at an example:

If the trader earns 0.5 pips per lot for each position which has been copied, then when trading the EUR/USD 1 pip is equal to $10. This means, if the trader opens a 1 lot position on the EUR/USD, they will earn $5 for each copier who follows this move. With this account type, there are no monthly fixed fees.

Profit Sharing Account

The other Zulutrade account type available is the profit sharing account. With this account, you won’t pay as a follower when the position opens, but you will have a couple of fees to pay. These fees are a $30 monthly fee which effectively covers the cost of you receiving the trading signals, and a 25% cut of any profits which are made from following traders. This is a great, and low-cost choice for many less experienced traders with lower risks attached.

Let’s take a closer look at an example:

If you decide to follow and copy a trader on their positions, and eventually these trades close for a profit of $100 in your favor, then you will have to pay your $30 monthly fee, plus $25 from this successful trade. It is important to note that the percentage cut on profits will only happen once you are actually in profit with your trades.

Trader Account

The Zulutrade trader account is the type which is available solely for signal providers. If you are interested in being copied and opening this type of account, then you will have to give various types of information to the copy trading broker. They will then review and decide if you can be accepted or not.

Best Zulutrade Broker

One thing for sure is that you will have many top brokers to choose from if you are thinking of connecting them through Zulutrade. There are more than 25 in total, though some may not be available in certain areas.

One thing we can say for sure is that there is no one best Zulutrade broker. This will depend on your individual trading needs and goals. Some examples though may include IC Markets if you are concerned with low spreads and fast executions. Added to that, many traders go with AAAFX since they are already directly owned by Zulutrade. In fact, your AAAFX account should connect directly to the dealer once you have opened it.

If you want to know more, check our guide on the Best Broker for ZuluTrade. Here you will find an AAAFX Zulutrade review along with a number of other top brokers which can easily connect with Zulutrade.

Account Base Currency

The account base currency is the currency which you are trading in. It makes sense to try to get a base currency which matches your deposit and withdrawal currency. This can help you avoid any conversion fees. The Zulutrade base currency that is available will depend on what is offered by the broker you connect to the platform. With that said, most top brokers will usually at least offer USD, EUR, and GBP as base currencies.

Deposit

Again, as with many parts of this Zulutrade review, the minimum deposit will depend on the broker you choose, though Zulutrade also requires you to keep at least $100 in the account it is connected to. The deposit methods you have access to will also depend on your broker choice, but they will typically include wire transfer, credit/debit cards, and some eWallet methods like Skrill, Neteller, and PayPal. You should also check with your broker if there will be any deposit fees.

Withdrawals

Again back to the broker you choose to connect with Zulutrade, but the answer is the same. Usually, the very same methods you use to make a deposit, will also be available to withdraw. Furthermore, you should also check with your broker on any withdrawal fees that may be in place.

Spreads & Commissions: ZuluTrade CopyTrading Fees

In this area of the Zulutrade review, we will take a closer look at any fees and commissions you may encounter, separate from your broker fees. This fee will depend largely on the type of account you choose to open.

If that is a classic account, then the follower will pay at the moment of opening the positions, and it will depend on the size of this position that you open.

With the Zulutrade profit sharing account, followers do not pay on opening the position, but you will pay a $30 monthly fee, and a 25% commission on any profits which you have made.

If you are providing the trading signals which others are copying, then you will of course have to pay any standard costs like spreads, commissions, or other fees. These will depend on the broker you are using for trading.

Pros
  • Unlimited demo account offered
  • Good variety of copy trading accounts to choose from
  • You can choose among 30 brokers to connect with ZuluTrade
Cons
  • Only 3 base currencies available

ZuluTrade review
Trading

The next point of focus for our Zulutrade review is that of actually trading. This includes a look at all of the features you can expect to find with the broker, along with a Zulutrade trading platform review and more details on markets that are made available.

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Trading Features

What you will find at Zulutrade are pure copy trading features. This means that every other trading cost and feature when it comes to things like available assets, trade sizes, and minimum deposits, is entirely related to which broker you connect with Zulutrade.

When it comes to automated trading and APIs, then EAs are allowed to be used by Zulutrade. These can be used directly through the Zulutrade proprietary platform, or through MT4, and of course are dependent on the broker you are using to connect, though they are extremely common among almost every top trader on the platform.

The use of VPS is also allowed by Zulutrade. This helps increase both safety, security, and performance, and these too are particularly used with MT4.

ZuluTrade Unique Features

There are several unique features that we have found through this Zulutrade review which you will also encounter during your time using the service.

ZuluTrade Combos

Zulutrade combos refers specifically to groups of traders which are grouped together by the broker, and are considered similar traders with different risk levels according to the following criteria:

  • They have a win rate above $30.
  • They produce a positive ROI in the long term.
  • They have more than 100 trades executed.
  • They have recorded at least 15 weeks of trading activity.

With these, you simply have to choose the best traders you would like to go with, and Zulutrade will manage your Traders Combo.

ZuluTrade Social

This brings a social aspect to trading with Zulutrade, in that when you select an asset, the platform will show you on the chart exactly where other traders have opened and closed the position. This can be useful information particularly as a new trader.

ZuluTrade ZuluGuard

ZuluGuard works as a protective feature for your account similar to that of a stop loss. As an investor, you can set a maximum amount of loss you can accept when following a trader. If this amount is reached, the ZuluGuard feature will automatically stop following that trader for you.

Leverage

The Zulutrade leverage is another point which depends on the broker you connected with. The maximum leverage is typically between 20:1 and 400:1 on major forex pairs. Within the EU for example, the maximum leverage on any asset is capped at 30:1 by regulation.

Platforms & Mobile

When it comes to trading, our Zulutrade review has noted that the Zulutrade+ proprietary trading platform is made available and is a popular choice. This platform is available both as a webtrader, and on mobile.

In both of these forms you can expect a range of social trading features to be available from the platform. This includes the ability to view the profile of other traders, and comment as well as read the comments of others on the trader. You will also be able to see a wide range of data in the trader section depending on your needs. This includes ROI, followers, total amount invested, and more.

Furthermore, you will have good insight from this easy to use platform as to whether the traders are using EAs, which broker they are trading with, and when they joined Zulutrade. With ZuluTrade Social Chart you will also be able to see when a trader opens a position directly on the chart.

This range of transparent information both makes the broker easy to use, and trustworthy for the many followers who use their service.

If you would prefer to trade using Metatrader 4 then this is also an option available to you. Here you will have all the benefits of one of the most known and trusted trading platforms in the industry including more than 80 charting tools, and a very robust set up. Every action you take within your MT4 platform can be directly copied into the Zulutrade+ platform with ease.

Markets

No matter if you are trading forex, commodities, or cryptos. Review the markets available with your broker first, and these will be available with Zulutrade. If you are investing then it should not really make a huge difference unless you want to follow specific traders, as the most important point of focus will be that the traders are producing results.

Social Trading – Copy Trading

When it comes to both social, and copy trading, you can expect some of the very best from Zulutrade. They offer a great copy trading infrastructure with dedicated directions to evaluate the performance of traders, and thorough information on the brokers being used as well as past performance history, and a host of other metrics which have all been verified by Zulutrade.

You can also engage in some degree of social trading by visiting the profiles of other traders, rating them, and leaving comments. This is another active area which can add great value particularly for newer traders.

Ultimately, the question which you have to answer is which side you want to be on. Do you want to be a signal provider and open a trader account, or do you want to be an investor and open a profit sharing, or classic account?

As a signal provider you would earn money based on your positions, alongside a fee paid to you for every copied trade, while investors pay fees to the signal providers, but earn from these profitable, copied trades.

ZuluTrade Crypto CopyTrading

Our Zulutrade review also found that there is a dedicated space for crypto copy trading at Zulutrade. This means you can also follow crypto traders and copy their positions in major markets. This includes the likes of Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash all of which you can engage in auto trading at Zulutrade.

Pros
  • Unique copy trading features
  • In-built social trading
Cons
  • Every trading feature outside copy-trading depends on the broker you decide to connect with the platform

ZuluTrade review
Education and Support

Rounding up our Zulutrade review with education we will look at everything you need to know in this regard with Zulutrade. This includes a look at the available languages, customer service, and any educational support available to help you continue growing as a trader.

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Languages

A quick Zulutrade.com review informs us that there are a total of 26 languages available on the site. This is a great range and includes English, Spanish, French, Russian, and many other languages making the broker extremely accessible to traders around the world.

Research

In the research section, our Zulutrade review shows them to be very well equipped. You can access a wide range of market news through the Zulutrade blog as well as extensive information on some of the best traders to copy.

Within this data you will find the traders Zulurank, performance charts, their trading history, and a lot more information to keep you informed and making the best choices when choosing a trader to follow or copy.

Customer Service

Just as with the strong website support, our Zulutrade review has found more than 20 languages supported through the live chat service, and an all round very detailed and professional customer support service on hand to help.

They can be contacted through this live chat service on the broker’s website, email, or a selection of 8 different phone numbers depending on your location around the world. These include numbers in the UK, Russia, Spain, Greece, Mexico, Colombia, Japan, and Australia.

Education

A look at the education section at Zulutrade and you can find many things to keep yourself occupied and learning more about trading and the industry. This includes a comprehensive guide on how Zulutrade itself works, a very handy assistant to any first time users, and a broad range of additional tips, guides, and more available through the Zulutrade blog.

Added to that, you will find a good range of video tutorials which can guide you through many of the basics if you need help.

Pros
  • 26 different languages available
  • Great customer service
Cons
  • Limited research features

ZuluTrade review
Our Opinion

Overall, our Zulutrade review has highlighted many points to support the feeling among many in the industry that Zulutrade is one of the best places to engage in copy trading in the world. The Zulutrade platform review demonstrated that they are very easy to use, intuitive, and provide a vast range of features to all copy traders alongside the excellent broker compatibility on offer.

On that compatibility, it is extensive. The platform can be connected with more than 30 top brokers from around the world, with one of the top choices being their very own AAAFX. Zulutrade review aside, it is also clear to see that they are an extremely trusted, well run, and transparent operation within the industry who attract a broad range of traders.

Particularly as an investor you will find an excellent account type to suit your needs from the two distinct types which are available with quite different structures. This level of diversity combined with the accessibility of Zulutrade around the world helps make them a continuing top choice. Add to that the fact they feature only top signal providers, and the Zulutrade position as a popular choice which is only getting stronger, becomes clear.

ZuluTrade Pros and Cons

As with anything, our Zulutrade review has noted some very positive areas from the broker, and some which they could work on. Here is a closer look at those areas:

Pros

  • Zulutrade is extremely user friendly in how the platform is laid out. This is perfect for new traders.
  • They provide a fantastically wide range of copy trading features to fit your needs.
  • Traders who wish to be copied by others must meet stringent criteria. This works to preserve a high-quality service.
  • It has a specific, dedicated service available for crypto copy trading.

Cons

  • The available video tutorials are not translated into all 26 languages that are provided by the broker.

ZuluTrade FAQs

How do I become a signal provider for ZuluTrade?

There are a couple of key steps to this. First is that you have to open an account with Zulutrade. From here, you will need to meet the criteria when it comes to both risk management, and ROI in order to be considered. This criteria is known to be quite stringent.

Does ZuluTrade really work?

Yes, Zulutrade does work. The success though, depends on you learning to invest and manage your funds correctly as much as any other factors. As with any type of trading, there is always the chance of losses but as our Zulutrade review shows, they provide you with an excellent number of tools to set yourself up for success.

How do I link mt4 to ZuluTrade?

This should be an easy process. You will first need to open your Zulutrade account (Trader for signal providers, or Profit Sharing/ Classic for followers). After this, you can contact the support team to get the next steps.

How do you copy trades on ZuluTrade?

Copying trades once your account is connected is as simple as finding the best trader you like and who meets your needs, clicking “Follow”, and then selecting the amount you would like to invest.

Is ZuluTrade regulated?

Yes. As noted in our Zulutrade review, they are well regulated by the Greek Hellenic Capital Markets Commission (HCMC) which is ESMA compliant, and they also only link up with brokers who are also well regulated.


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ZuluTrade Review 2020 – Opinions, Tutorials, Pros e Cons, Comments

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