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.
Trading Features and Leverage
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.
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
Zulutrade offers trading services on two platforms: MT4 and their own proprietary platform called ZuluTrade+. These platforms are available both as a webtrader, and on mobile.
Zulutrade offers a range of social trading features to be available from their proprietary platform, which are all available on the ZuluTrade+ mobile app as well.
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.
Special features you can find on ZuluTrade
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 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.
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.
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.
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 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 the spreads when placing a trade plus any additional fees or commissions that a broker might charge.
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.