ZuluTrade is a cutting-edge copy trading platform that empowers people to effortlessly track and replicate the real-time trades of accomplished leaders, referred to as signal providers. Founded in 2007 and headquarters based in Athens, Greece, this platform boasts a global user base, spanning across 190 countries. Continue to read this ZuluTrade review to learn about the features of this vast copy trading platform.
Let’s Talk about the Fees
When using ZuluTrade, signal providers or Leaders as they are called in the platform, are rewarded from ZuluTrade for their performance, Investors do not pay them any cut from their earnings. Investors depending on the broker they have selected to trade, might pay a monthly subscription per strategy they copy. There are brokers in the ZuluTrade ecosystem, covering this monthly subscription fee for them, so for the user the service becomes free. The brokers offering this for now is Fxview and AAAFx.
This platform continues to shine as a favoured and well-established choice within the realm of copy trading. Equipped with an impressive array of features and tools, it empowers investors to make informed investment choices. With its massive network of Leaders in trading (signal providers) and an interface designed for user-friendliness, ZuluTrade accommodates individuals of all skill levels.
Is this Platform Transparent?
Individuals using this platform may worry about conflicts of interest. This happens because signal providers get penalised from ZuluTrade if they have big draw downs or margin calls on their trading accounts. ZuluTrade also makes it obligatory to them to disclose the risk they allow and the money management specs they will apply to the trading strategy. Additionally, It requires signal providers to disclose their entire trading history and risk profile.
This transparency gives people important information before choosing a signal provider. Moreover, ZuluTrade actively monitors signal providers’ performance to ensure they follow ethical practices and operate transparently. By taking these steps, this copy trading platform aims to create a trustworthy and reliable trading environment for its community of leaders.
Reliable Risk Management Tools
An essential aspect of this platform revolves around its risk management capabilities, carefully crafted to assist investors in effectively handling the risks that come with copy trading. These features serve as valuable tools, empowering individuals to set risk limits on individual trades, diversify their investments by following multiple signal providers, and keep a real-time watch over the performance of signal providers. In addition to these risk management features, ZuluTrade offers a unique safeguard called “ZuluGuard.”
This remarkable feature acts as a protective shield, helping investors steer clear from abrupt and unforeseen losses. In the event that a signal provider experiences a significant decline in performance, the platform automatically steps in to close the trades associated with that signal provider, safeguarding the investor’s account balance. This proves particularly advantageous for investors who follow signal providers operating in high-risk zones, as it effectively mitigates potential losses that result from unexpected market fluctuations.
Take Advantage of the Seamless User Interface
One of the standout advantages of ZuluTrade lies in its user-friendly interface and easy to navigate platform. Designed to cater to people of different experience levels, it welcomes both beginners and advanced individuals with open arms. What’s more, the platform grants users a range of customization options, enabling them to tailor their trading experience according to their specific preferences and requirements.
However, it’s important to understand that this copy trading platform does not function as a broker or directly provide trading services. Instead, it operates as a crucial link between leaders and investors, facilitating their connection through its platform. Therefore, people need to establish a separate account with a broker and then link it to their ZuluTrade account to execute trades. While the platform offers a list of recommended brokers, users are at liberty to choose any broker that supports the platform, granting them flexibility and freedom of choice.
Customer Support that Won’t Let You Down
The customer support representatives at ZuluTrade are highly trained and possess a deep understanding of how to assist users effectively. When you reach out to them for help, they attentively listen to your concerns and go the extra mile to provide you with a well-thought-out solution. Their dedication ensures that you can continue trading without any interruptions, maintaining a smooth and hassle-free experience.
This outstanding level of customer support sets this copy trading platform apart from numerous others in the market. It is a major factor that attracts many individuals to choose this platform over its competitors. With the knowledgeable team of this platform by your side, you can trade with confidence, knowing that assistance is just a message or call away.
Final Thoughts
With a wide variety of trading tools and features to offer, ZuluTrade is an outstanding platform for stocks, commodities and forex trading enthusiasts. The platform’s vast network of Leaders (signal providers) and its user-friendly interface make it suitable for individuals at any experience level.
Make sure to approach the platform with careful consideration, paying close attention to the associated fees and conducting thorough research prior to opening an account.