ZuluTrade Review

Table of Contents

ZuluTrade Review - Overview

Name of the Copy Trading PlatformZuluTrade
Official Websitehttps://www.zulutrade.com/
Established2007
RegulationsYes, HCMC in EU
Supported Trading TerminalsMT4, MT5 and ZTP
Number of Brokers Supporting ZuluTrade70+ Brokers
Minimum Investment Required The minimum balance of $100 must be maintained with the broker
Commissions$30 monthly subscription for profit sharing account
Customer Support 24*5 support team

ZuluTrade Review – At a Glance

ZuluTrade, a copy trading platform was started as an idea in Charlottesville, Virginia with an aim of a truly transparent and fair win-win ecosystem. New features and advancements were made in the platform over a period of time. ZuluTrade is referred to as the most innovative copy trading platform that offers simplified copy and social trading features with a wide range of trading options including traders, combos and investment basket in a wide range of markets including Forex CFDs, Cryptos, Commodities, Stock and Indices. 

ZuluTrade Review – Regulations

ZuluTrade is regulated by HCMC (Hellenic Capital Market Commission) in the EU. In 2015, ZuluTrade was awarded an EU Portfolio Management License from Europe. This designation made the company a licensed portfolio management company in the EU. 

ZuluTrade Review – Services Offered by ZuluTrade

ZuluTrade allows traders to interact and copy the trades from the seasoned traders. The platform offers a wide range of trading options like forex CFDs, Cryptos, Commodities, Stock and Indices. Along with these trading assets ZuluTrade also offers other services and features that make trading transparent and bring ease in their trading. 

ZuluTrade Review - Pros and Cons of ZuluTrade
Pros / Cons
  • Regulated
  • User-friendly interface
  • Oldest and reliable platform
  • Available with 70+ brokers
  • Not much options for commodity and crypto trading

ZuluTrade Review – Trading Instruments Offered by ZuluTrade

ZuluTrade offers a profusion of trading options including traders, combos and investment basket in a wide range of financial trading instruments including Forex CFDs, Cryptos, Commodities, Stock and Indices for copy or social trading.

Zulutrade Instruments

ZuluTrade Review – Primary Features Offered by ZuluTrade 

ZuluTrade offers a great collection of features that make the process of choosing a genuine seasoned trader for copy trading easy.  

1. Trader’s Combos: Trader’s combo allows traders to pick among diversified strategies that are built from the combinations of professional traders.

Features of Trader’s Combo:

  • Traders are grouped in active combinations that are in tune with a variety of risk appetites and strategies. Copiers can choose their seasoned traders based on  their trading preferences like trading strategies or risk appetite that suits them well. 
  • The combo selected by the copier is directly managed by a manager from ZuluTrade’s certified management portfolio team.
  • Trader’s combo includes all the trading profiles from novice/passive to expert/experienced traders.

ZuluTrade offers a criteria for choosing Trader’s combo:

ComboCombo Plus
Portfolio Initialization (receive trades automatically)YesYes
Need to check your PortfolioNoYes
Automatic Portfolio RebalancingNoYes

     Criteria for ZuluTrade to Select Trader’s Combo:

  • The win rate must be above 30%
  • A positive long term ROI
  • Should have executed more than 100 trades
  • Stable trading activity for past 15 weeks

zulutrade combos

2. Auto Trade Cryptos: ZuluTrade allows traders to trade cryptocurrencies via CFDs from around the world. ZuluTrade offers a variety of trading pairs like BTC/USD, ETH/USD, LTC/USD, BCH/USD, and XRP/USD through the ZTP trading platform. ZuluTrade also provides a profit sharing account and autotrade Bitcoin, Litecoin and Ethereum that have low commissions.

3. Auto Trade Stocks: ZuluTrade allows traders to copy trade stocks via CFDs from preferred seasoned traders. Traders can also open a profit sharing account and copy trade. They allow trading in major stocks like Tesla, Apple, Amazon and Microsoft at fairly low commissions.

How to start trading stocks with ZuluTrade:

  • Sign in to your ZuluTrading account if you have one, or you can open a new account (demo or live) and select the broker of your choice from the given list
  • Open the Trader’s tab on ZuluTrade website and type the best trader for stock trading and then select a trader based on your risk appetite and investment level. 
  • Select the follow button, choose the funds you wish to invest in and your preferred risk appetite.
  • Again hit the follow button and now  you can start copy trading stocks from the market. You can now copy the trades of the selected trader you have started following.

     

4. Users Lists: ZuluTrade offers a great list of the seasoned traders along with their trading details that include their overall trades, won trades, and lost trades. Based on these characteristics investors organise traders  in categories, groups, and tag them according to their trading performance. Investors share their preference list and choose their trader according to their needs.     

5. Trade Wall: Trade wall features offered by ZuluTrade give access to the investors to watch the live trades opened by seasoned traders. They are also allowed to manage their notification receiving settings.

6. Automator: Automator feature offered by ZuluTrade allows traders to carry out many trades in a small amount of time removing emotions from the trading decisions. Automated trading is well suited for both beginners and experienced traders on automating trading platforms like MT4 using API. 

Starting Automated Trading with ZuluTrade:

    • Open your ZuluTrade trading account if you have one or open a new account and select your preferred broker. 
    • Open the trader’s tab and browse the best trader suiting your risk tolerance and trading preferences.
    • Select the trader, then hit the follow button.
    • Click on the follow button again to start your copy trading. You’ll now start copying the trades of the trader you selected.


7. ZuluGuard: ZuluTrade offers an account protection feature known as ZuluGuard that monitors all the activities and behaviour of all the traders and removes the trader if it notices that trading strategy has started deviating from his expected loss profile. ZuluGuard calculates the trading exit value for the trades opened in the account of the trader based on the specified capital protection amount. When the threshold is hit, ZuluGuard automatically closes all the opened trading positions and disables the traders instantly.

ZuluTrade Review – Other Features Offered

1. Economic Calendar:  ZuluTrade provides an economic calendar for traders that makes their  fundamental analysis easy for making their trading decisions. It allows traders to use the timeline filters and also allows them to select the currency for which they want to see the upcoming events.

2. Forex Tools: The toolbox of forex trading includes various types of calculators such as:
Zulutrade Trading Tools

  • Pip Calculator: Pip calculator allows traders to calculate the value of pip in which the trader wants to trade in.
  • Margin Calculator: Margin calculator allows traders to calculate the minimum capital that will be required to keep the trade/position open.
  • Profit Calculator: This calculator helps in calculating the expected profits or the gained profits from the trade. 
  • Currency Convertor: Currency Convertor allows traders to see the conversion of currency value based on current exchange rate.

     

3. Zulu Script: ZuluScript is a feature that allows traders to create their own script that builds the framework for EAs or trading bots. This allows traders to automate your trade and increase the number of trades to execute.  

4. Social Network: This includes a forum and comment section for all the traders to form a community and discuss ideas or ask questions.

5. Lock Trade: This feature allows traders to verify the execution of trade after receiving the trading signals.

ZuluTrade Review – Choosing the Right Seasoned Trader for Copy Trading

The seasoned traders are divided into different categories, groups, and are tagged based on their trading performance. Investors share their trading preferences and can choose their traders based on those preferences. 

Prerequisite for Choosing a Trader for Copy Trading

  1. The trader should avoid the traders that have less or very few investors. This can be a bad sign.
  2. A good amount of closed trades is a good indicator – 100 or more than 100 closed trades. High number of closed trades is the indicator that the trader is an experienced one and is not dependent on luck. 
  3. Risk score is calculated by copy trading platforms on the scale of 0-10. Risk score of the trader should be consistent and fairly low to get the desired results. 
  4. Money management skills are reflected by the trade size of the trader. If the trader opens a large position which is relatively high w.r.t the total trading capital, the trader is risking high. An experienced trader never puts all his eggs in one basket until or unless he is 100% sure about his trade.

ZuluTrade Review – Creating a ZuluTrade Account

  1. Visit the official website – https://www.zulutrade.com/
  2. Click on register button and select real account
  3. Once the required information is filled and registered, a verification code is sent to the registered mail-id
  4. Select the account type – Profit sharing or classic, also the broker trader wants to trade with
  5. After the trader has selected the broker, it’ll be asked if you already have an account with them
  6. Now trader can proceed accordingly
  7. The entire setup process takes 3-5 business days.

     

ZuluTrade Review – Types of Real Trading Accounts

ZuluTrade Offers Two Types of Live Trading Accounts:

1. ZuluTrade Review – Classic Trading Account: With Classic Accounts, you may perform both, manual and copy-trading. This account type is recommended for Advanced users. In addition to creating a Traders’ portfolio, traders need to customise their portfolio settings (simple and advanced). Traders may manage their account, update trading signals, close trades, lock a Trader or trades and have access to advanced features.

2. ZuluTrade Review – Profit- Sharing Account: This type of account is only for copy-trading through the ZuluTrade Platform. This account type is recommended for all Users, either novice or advanced, since investors may start trading by selecting their seasoned traders that they wish to follow and by setting their capital protection amount. 

With Profit Sharing accounts, the Traders’ interest is aligned with the seasoned traders since they are paid with a share of the profit of your account. Only if the account makes profit the traders will get a share of the profits. This service is offered with a monthly subscription fee without additional commission charges. 

ZuluTrade Review – Features of Classic and Profit- Sharing Accounts

Zulutrade accounts

ZuluTrade Review – Features of Classic Trading Account

FeaturesClassic
Target AudienceAdvanced traders
CommissionsDepends on the Broker
Subscription feeNil
Type of tradingCopy as well as manual trading
Minimum amount required to copy tradeThe account balance must always exceed $100

ZuluTrade Review - Features of Profit- Sharing Account

FeaturesProfit Sharing Account
Target AudienceNovice and Advanced
CommissionsDepends on the Broker
Subscription fee $30 per month
Type of trading Copy Trading
Minimum amount required to copy tradeThe account balance must always exceed $100

ZuluTrade Review – ZuluTrade Fees

Registration fees:

  1. Classic Trading account– There are no charges
  2. Profit- Sharing Account– monthly subscription of $30

Spreads: Spreads received in the trader’s account are provided by the broker and are the same that are offered on the broker’s platform.

Commissions: ZuluTrade doesn’t charge any additional commissions. All the commissions that are charged come from the broker’s platform. 

ZuluTrade Review – Working of ZuluTrade: Copy Trading Platform

ZuluTrade works along with other brokers that offer a wide range of financial instruments like Forex, Commodity, Stocks, Indices and Cryptocurrencies. ZuluTrade allows investors to copy the trades of chosen experienced traders and make profits. 

ZuluTrade Review – Security of Funds

ZuluTrade is a copy trading platform that is regulated by HCMC in the EU. ZuluTrade also offers a feature known as ZuluGuard that automatically detects and removes the trader if he has deviated from its expected loss profile. It calculates the trading exit value for the position that is opened in the account based on the specified capital protection account. If the threshold value is hit, ZuluGuard comes into action and closes all the active trades and disables the trader immediately. 

ZuluTrade Review – Educational Resources

ZuluTrade offers a strong educational resource in the form of Blogs and Forums. Blogs include fundamental analysis reports that can be used by traders to conduct their fundamental analysis. ZuluTrade allows all the ZuluTrade users to exchange their knowledge, ideas, provide feedback, and communicate with each other. 

ZuluTrade Review – Top 7 Brokers That offer Copy Trading with ZuluTrade

Minimum depositsTrading terminals offered for using ZuluTrade
FxView$200 for EU traders and $50 for othersMT4, MT5 and ActTrader
ICMarkets$200MT4
FXCM$50Trading Station
AvaTrade$100MT4
AAAFx$10MT4, MT5 and ActTrader

ZuluTrade Review – Conclusion

ZuluTrade is a popular and regulated copy trading platform that can be a good choice for the new traders who want to observe other’s trading and learn while themselves earning profits, or do not have time for trading. The platform is reliable as it offers security of funds and offers ZuluGuard feature. ZuluTrade supports copy trading on MT4, MT5 and ZTP. 

Check ZuluTrade reviews on other platforms:

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ZuluTrade Review - FAQs

ZuluTrade is a copy trading platform that allows investors to replicate the trades of chosen seasoned traders.

Yes, ZuluTrade is a regulated entity, regulated by HCMC in the EU.

ZuluTrade allows traders to trade a wide range of financial markets like forex CFDs, Cryptos, Commodities, Stock and Indices.

ZuluTrade offers two types of live trading accounts: Classic Trading Account and Profit- Sharing Trading Account.

No ZuluTrade doesn’t charge any trading fees. ZuluTrade charges a subscription fee of $30 per month in a Profit- sharing trading account.

Yes, ZuluTrade offers a demo account for practice purposes. A rolling expiration policy of 15 days is applied to all the demo accounts. You can create 10 accounts with the same email-id. 

ZuluTrade supports three types of trading platforms: MetaTrader4, MetaTrader5 and ZTP.  

Yes, the trader is required to maintain the minimum trading balance of $100 in their trading account.

ZuluTrade supports all the major currencies including USD, GBP, CAD, AUD, JPY, and CHF. Other currencies as base currency depend on the broker you are using.

Yes, ZuluTrade provides educational material in blogs and Forum. Blogs include fundamental analysis reports that can be used by traders to conduct their fundamental analysis. ZuluTrade forum allows all the ZuluTrade users to exchange their knowledge, ideas, provide feedback, and communicate with each other.  

Yes, ZuluTrade supports mobile trading. Traders can access zuluTrade on their iOS or Android mobile by downloading the application “ZuluTrade- Copy Trading Platform.”

The spreads displayed on the ZuluTrade are as set up by the preferred broker. 

ZuluTrade offers more than 70 brokers that include some of the major brokers like Fxview, ICMarkets, FXCM, AvaTrade, Vantage, ThinkMarkets, AAAFx, and TickMill.   

Leverage shown on ZuluTrade is the same as the leverage offered by the broker. The preferred leverage can not be changed from the ZuluTrade account.

 

ZuluTrade offers a feature known as ZuluGuard that automatically detects and removes the trader if he has deviated from its expected loss profile. If the threshold value is hit, ZuluGuard comes into action and closes all the active trades and disables the trader immediately.