Founded in 2007, ZuluTrade – a Finvasia Group Company – is the first and the oldest copy trading platform. They are a very popular choice among investors and traders in the industry with a user-friendly copytrading platform.
They have headquarters in Athens, Greece. ZuluTrade is not a broker but a platform to connect trading accounts held with brokers to facilitate social and copy trading.
In this ZuluTrade review, the InvestinGoal team has taken a detailed look at the platform, its key features, and minimum deposit requirements.
The main strengths of ZuluTrade include:
- $100 minimum deposit
- More than 90k traders from different countries for investors to choose from.
- User-friendly trading platform
- Advanced social wealth management features and tools
It is important to make sure the ZuluTrade platform is compatible with your broker, and trading needs. For that reason, a demo account is offered that you can try out before connecting for live trading.
OPEN A ZULUTRADE DEMO ACCOUNT
(Your capital is at risk when trading CFDs)
Our opinion on ZuluTrade
ZuluTrade is one of the best social wealth management platforms in the industry. They offer a huge range of copy trading tools and 70+ brokers to choose to connect with through the platform. ZuluTrade is excellent for both investors and traders though trading features and conditions including fees are reliant on the broker you choose to connect with ZuluTrade.
Additionally, you can expect a very high degree of transparency from ZuluTrade and security for your funds in the form of ZuluGuard, an account protection feature. There is an account type on offer here for investors known as the Classic account, and one for traders in the form of a Trader account.
Pros and Cons
On the positive side, the platform itself is very easy to use and connects seamlessly with other platforms and features like EAs through MT4, and the use of VPS. It is also an ideal platform choice for social and copy trading with both on offer, and even a dedicated crypto copy trading area.
At ZuluTrade, you will be pleasantly surprised with how fast and easy it is to connect your broker account with more than 70 top brokers you can choose to connect through the classic account which is available for investors as well as traders.
Looking now at some of the broker downsides the first to note would be that all trading features, and to a large degree your trading experience like the minimum deposit, fees, available assets are all controlled by the broker you use to connect with ZuluTrade.
With that being said, FxView is the best broker choice to use here since it is owned by the same group of companies. Here you can get some great starting spreads from 0.0 pips and very low slippage risk among other features. Other top brokers commonly chosen are AAAFx, Axi, IC Markets, Oanda and Vantage.
Since they are primarily a copy trading service, they may not be suitable if you have no interest in actually copy trading. Also, the ZuluTrade algorithm for ranking the quality of signal providers, ZuluRank, while good, could still use further improvement.
Pros and Cons: a summary
The table below shows some of the key pros and cons in each area of the broker.
If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to ZuluTrade.
||You may open up to 10 Demo accounts and rolling expiration policy of 15 days applies to all Demo account
||Capital too high respect to the reality of a classic user
||It depends on the broker, but the minimum amount is at least $100, which is quite low
||Depending on the broker you select, note that some broker could have an higher minimum deposit
||Good range of features which can help you
||Assets depend on the broker, not on ZuluTrade
||Social area available where you can engage with other investors and traders
||The features offered are quite basic
|Crypto Copy Trading
||A section dedicated for crypto copy trading
||Assets depend on the broker, not on ZuluTrade
||You would get a fee paid for each copied trade and earn money based on your position
||Not easy to become one
Copy Trading Review
ZuluTrade is ultimately one of the best and most popular platforms for copy trading in the industry. As an investor here you will be copying traders on the platform with a range of different features on offer depending on your level and goals.
One such feature is the unique ZuluGuard. This works as a form of stop-loss that can limit your losses when following and copying a particular trader while the ZuluRank algorithm works to rank the quality of traders on offer using a range of metrics.
Overall then, if interested in copy trading there is no doubt ZuluTrade can be a good choice and one which many investors choose and are happy with.
- There are a great range of copy trading features on offer
- ZuluRank can quickly help you identify the ideal traders to copy
- While good, the ZuluRank algorithm still needs some work
As a trader, you will be on the other side and providing trades that are copied by investors. Traders are typically professional traders and the program is open to anyone who wishes to broadcast their signals online and share them with the ZuluTrade Investors Community.
Once you are set up as a trader with ZuluTrade you will will be compensated depending on the volumes traded through the Classic account.
- There are several different ways traders can earn
- Finding good traders can be hard sometimes
Social Trading Review
You can also engage in social trading through ZuluTrade. This can be done through the ZuluTrade social area where you can visit other traders’ profiles, comment there, leave ratings, ask questions, and interact with each other.
There are also unique features in this area like the ZuluTrade social chart which allows you to select an asset and see in-depth details of where other traders have opened and closed positions on this asset which can be very insightful for your own trading choices.
- This is a great way to engage with other traders
- The features offered for social trading are still quite basic
Crypto Copy Trading Review
Crypto copy trading is also made available. Much like regular copy trading, here you can follow and copy crypto traders on their positions on a wide range of popular crypto including Bitcoin, Etherum, Ripple, Litecoin, and Bitcoin Cash again depending on what the broker you connect with has to offer.
If you are interested in crypto copy trading then ZuluTrade can be an excellent choice since it is one of the few to offer such a service presently.
- They provide a unique and dedicated crypto copy trading service
- Availablity of assets will depend on your broker choice and not ZuluTrade directly