|Minimum deposit:||$100 USD|
|Withdrawal fee amount:|
|Inactivity fee charged (Y/N):||N|
|Number of instruments:|
|Time to open account:|
|Demo account provided (Y/N):||Y|
|Countries of regulation:|
ZuluTrade provides social and copy trading and has more than a million registered users. It has expanded its product offering to now include cryptocurrencies, and CFDs as well as forex. Its aim now, is to become the world’s largest social trading community.
Since being founded in 2007 in the USA, ZuluTrade has been busy developing its offering to include a variety of new and exciting features. The service as a whole continues to apply the basic principles of social/copy trading; that account holders are able to follow/copy the trading decisions of other traders. But ZuluTrade have become a major player in the space by cleverly taking that idea and overlaying a variety of features that give their clients improved trading experience.
‘Signal providers’ are traders that are willing to share details of their trading strategy and allow it to be copied by followers. In exchange, followers pay a fee to the trader they are following.
Rather than having a platform where stand-alone traders execute individual trades, ZuluTrade operates a system where account holders/copiers navigate the ZuluTrade site to design and build their preferred trading strategy. Copiers can select to follow one or a variety of signal providers.
The mobile form of the platform had all the same functionality of the desktop version. Being a web-based platform meant the service was accessible through a browser window as well as the app, though in our opinion the app had a slightly more appealing appearance.
The Social Charts feature contains charts of market instruments, such as currency pairs, and allows copiers and the copied to exchange opinions on actual trading. Generating such a discussion could well be based on the principles of the dealing floors that are found at institutional investment funds and investments banks. It is a real plus point to have a space where ideas, insights and views can be shared on specific trading strategies.
There is also a community forum which is very well attended. It provides areas where the curious can discuss and learn about specific traders or indeed the markets in general. The discussions here tend to be a bit more ‘blue-sky’ than those at Social Charts but most of all it looks like a place designed to generate great trading ideas.
Various tools on the site facilitate account holders efforts to carry out a greater degree of research on signal providers.
Digging down into the profile of signal providers allows copying traders to study much more than portfolio performance. There are sections providing data and reports on subjects such as: realized and unrealized P&L, historical drawdowns, other investors and slippage.
During our testing, we experienced exceptionally high-quality customer service. The Live Chat was particularly useful with help desk staff quick to respond and answer all our questions.
Support is offered on a 24/5 basis and in 11 languages.
With over 4,000 brokers active globally, it’s good to share your experience with others. Spread the word on good or bad brokers. Disclaimer: Comments on this site are not the opinion of WeCompareBrokers and we are not responsible for the views and opinions posted by site users. If you are unhappy with any comments, please email complaints @ wecomparebrokers.com
Important: You (the person writing the comment) are responsible for any comments you post and use this site in agreement with our Terms.