ZuluTrade Review: Perfect Social Network For Copy Traders

Last Updated: 11.07.19
Overall Rating
4.5/5
Overall Rating
4.5/5
Features
3/5
Platform
3/5
Desktop Experience
3/5
Education
3/5
Mobile Experience
3/5
Withdrawal
3/5
Customer Support
3/5
Trust
3/5
Features:
3/5
Customer Support:
4.2/5
Trusts:
2/5
Education:
5/5
Desktop Experience:
4/5
Withdrawal:
3.1/5
Mobile Experience:
1/5
Platform:
5/5
Home» Binary Options Brokers » ZuluTrade Review: Perfect Social Network For Copy Traders
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Overall Rating
4.5 Binoption Zulu Trade

ZuluTrade Review: Perfect Social Network For Copy Traders

Our in-depth ZuluTrade review will help traders to understand the trading platform along with its unique features. 

ZuluTrade offers Forex, CFDs, and Cryptocurrency to its traders. However, they are not supported binary options trading through their platform. 

This Automated Social and Copy Trading Platform gives opportunity to less skilled and new traders to meet their goals.

After opening an account with ZuluTrade successfully, you will able to follow professional traders. 

Especially, the cross platform application will allow you to monitor trade from any types of mobile device. 

Moreover, your investment amount is protected by the help of ZuluGurd.

The system will consider this movement and will copy trades as if it was clients’ own, network’s total profits will grow.

Their specialized services and expert customer-care support are the other reasons they are top in this industry.

We have designed each phase of this review with necessary information regarding this broker. 

We are encouraging you to read through the last to know a few major points like special benefits for traders, trading platform, deposit methods, process of withdrawal finds, and so on.

ZuluTrade Review - What is ZuluTrade

High Capital Risk Is Involved In Financial Trading

In 2007, ZuluTrade was founded by Leon Yohai. He actually created this web-based platform that could audit traders globally.

Traders who are knowledgeable can share their trading strategies to other traders via ZuluTrade platform.

The main concept of ZuluTrade is to create an open environment, where traders on a global-level connect with each other and share their knowledge. 

Irrespective how well-versed or new you are to the Forex trading, it gives a path for them to survive through investing safely.

Professional and specialized trades will bring their hands together to hand-hold and plan the investment of new and inexperienced ones.

ZuluTrade is a regulated and licensed broker in EU and Japan.

In 2017, ZuluTrade has joined with Formax Group which provides all-around financial services.

The trading platform offers a wide range of trading tools for their traders.

It creates ranks based on their ROI and risk behavior. It worked as a bridge between trade execution and valuable information in the money market.

You can pick a regulated broker from the list which is given to their website. More than 50 brokers are connected with ZuluTrade.

Most importantly, you don’t need to monitor the market place. Because hundreds of traders around the world will do it for you.

Working process of ZuluTrade is quite different from other brokers. Traders mainly use the trading platform to create a trade. Performing trade can also be done by MT4 trading platform or station.

After that, ZuluTrade captures those trade immediately and checked how many Live accounts are subscribed under each trade. 

Finally, ZuluTrade submits those trades under the supported brokerage firms. It takes a few seconds to complete the whole process.

Why ZuluTrade

Many traders’ crash and burn money by trying various ways to survive in the field. But as doubts start filling their minds; slowly they will choose to give up altogether.

On the flip side some trader will still try to hold onto to it even being stressed and weathered hoping to see light at the end of the tunnel someday.

It is true that there should be lot of patience for every trader out there but there is no guarantee that the result will be positive for those who wait.

This is exactly when the service on ZuluTrade Social Trading platform plays a crucial role.

Below are the reasons, traders can choose ZuluTrade as their trading platform –

  • Regulated social broker
  • Minimum deposit depends on the broker
  • Maximum Leverage 1000:1
  • 2 Account types
  • 7 Base currency
  • A wide range of trading instruments
  • Demo account facilities
  • Available mobile trading
  • Available Forum
  • Automated trading
  • Protect your account with ZuluGuard
  • Variety of trading signal providers
  • Variety of trading tools
  • Available MT4 and ZTP trading platform
  • Social trading chart
  • Video Tutorials
  • 24 supported languages
  • Multiple C trading options
  • Offers various institutional account types
  • Connected with more than 50 brokers
  • The dedicated customer service team

Regulation & License

Regulation Information-Binoption

ZuluTrade is a regulated copy trading platform.

Regulated broker helps us to protect traders money from being scammed.

ZuluTrade is EU Regulated (Licence # 2/540/17.2.2010) as well as regulated in Japan by FSA through its Affiliated Partner Excite One Co., Ltd. 

Type I Financial Instruments Business, Investment Advice

Agency Business: Kanto Finance Director (Kinsho) No. 245.

ZuluTrade Login And SignUp

Traders can join with ZuluTrade by signing up with a Free Account. You can create a real money account or a demo account.

However, anyone can switch into a real account from practice account by depositing a minimum amount.

The deposit amount depends on your selected broker.

Sign Up:

You will get the register button after opening their homepage. After clicking the button, you will get a form. 

Firstly, traders need to fill the form with personal details like first name, last name email address, password, and contact number. 

It is possible to create an account by using social media Id like Facebook and Google. 

Secondly, you have to select an account types in between 2; demo account and real account. 

Click “Create Account” after accepting terms and conditions  along with privacy policy of ZuluTrade. 

An activation link will sent to your email. 

Click to that link and you will successfully open an account with ZuluTrade. 

Finally, you have to select an account types along with supported broker to complete the registration process. 

ZuluTrade Log in:

Enter your registered credential like email address and password to complete the login process. 

You can also log into your account by using your social media account like Facebook and Google. 

High Capital Risk Is Involved In Financial Trading

ZuluTrade Demo Account

Zulutrade Demo Account - Binoption

Demo Trading opens an opportunity to practice their trading before investing money into the real account. 

As a result, traders can enjoy a full real trading environment without any risk of loosing money.

ZuluTrade offers a demo account to its traders. You can open a demo account by giving your personal details, email and password. 

The worth of practice account is up to $10 million. You can select the preferable amount from the list or can enter custom amount.

Demo account features are different from other broker’s demo platform. 

After opening a demo account, you will be asked to choose an account types from their list. 

At the same time, it is necessary to choose your base currency, demo account balance, and leverage amount. The leverage level ranges starts from 1:1 to 1000:1. 

In fact, you can adjust your risk meter according to your risk taking capability. 

High Capital Risk Is Involved In Financial Trading

Account Types

Trading Account Types - Binoption

There are two types of Live accounts offers by ZuluTrade. Each type of account has its own unique trading features. 

In the demo account platform, you will find an option from where you can open a live account. 

To complete the process, traders need to select supported broker platform along with the account types. 

After selecting a broker, you will be asked if you have an account with them or not. You will be redirected to the broker’s page and need to fill necessary information. 

Finally, It takes near about 2 to 3 days to complete the whole process. 

The minimum deposit amount depends on the broker. However, for most of the broker it starts from $300. 

Remember that you account balance must have $100, to get connected with ZuluTrade platform.

Classic account is recommended for traders .who are advanced or professional in the trading field. You can trade both manually and copy-trade in Classic account. 

In order to start trading, traders have to to connect with ZuluTrade platform or MT4 platform. 

In addition to creating a traders’ portfolio, you will need to customize your portfolio settings. 

It offers standard volume based commission to traders. 

Profit Sharing account is especially designed for beginner traders. As a result, it is easy to perform trade by setting your capital protection account.

Traders only able to use this account in ZuluTrade trading platform.

In a profit-sharing account, you will share profit with them from whom you copied.

You will be charged of 20% performance fee for every profitable month. In case of negative monthly PnL,  no performance fee will be charged. 

High Capital Risk Is Involved In Financial Trading

ZuluTrade Trading Platform

Zulutrade Trading Platform - Binoption

You can perform trade by using their own proprietary trading platform or Meta Trader 4 platform. 

However, profit sharing account is not available in Meta Trader 4 platform. 

This social trading platform incorporated with more than 50 brokers which are regulated by different regulatory body.

From the below chart, you will get an idea about both of these trading platforms and its unique features. 

ZuluTrade Platform

  • Full fledged trading station
  • Technical charts and indicators
  • Customized scripts and indicators
  • Web-Based platform
  • Over 7 base currencies
  • Configure your own algorithm
Popular

Meta Trader 4

  • Full fledged trading station
  • Over 50 brokers supported
  • Trade from own customized program
  • Downloadable platform
  • Demo account supported
  • Access VPS via any browser

The trading platform is quite different from any other broker’s trading platform. 

You will find a financial information like equity amount, margin, free margin, and PNL at the middle of the traders account homepage. The financial information is updated in real time. So, traders need to have control over their funds. 

From the account dashboard, you can view and manage your entire portfolio data of traders. 

In the account menu option, you will find a list from where you can choose your necessary tabs. 

Traders menu is available at the top of the page. After opening the traders page you can explore a list of all available traders. You can also overview not only the name, but also their overall performance. 

To filter the traders according to the criteria, you can used the advanced options. You can overview their overall performance with the help of statistics data and graphs. 

By clicking in the “follow traders” button, you can add new traders to your portfolio. 

Account tabs will help you to add or remove your personal information. You can earn a standard amount of commission for each trade that they have made.  

High Capital Risk Is Involved In Financial Trading

ZuluTrade Broker

ZuluTrade Brokers-Binoption

While opening a real account, you will get a list of more than 50 brokers. 

If the broker account is compatible with MT4 platform, you can confirm whether your account is properly linked with your broker or not. 

You can connected automatically connected with upon activation if your broker account is not compatible with MT4 platform. 

As we mentioned before, to get connected with ZuluTrade, it is necessary to have a minimum amount of $100 in your account.

It will take only 1 day to open a new account if you already had an account with them. 

You don’t require duplicate proof of records. However, it is possible to log into the platform using new account number.

Forex Signal

ZuluTrade has been proved to help traders at all times irrespective of their level to maximize profits with minimal risks.

There is limit for risk acceptance for each trader who enters this field, this will be gauge by the expert traders and according portfolio is created to balance risk through investment in different industries.

Thus, there is no excuse for newbies to start making profits immediately entering this field.

Most top-notch traders will make sure to stay in the trade by being calm and observing smart strategies amid highs and lows.

Until date, ZuluTrade is the one and only platform that offers Forex traders an opportunity to turn to be gurus in the trades.

By being a guru, they will get incentive to partake in the trading network and it is in the form of credits and awards that the platform has set up.

Profits will increase as one becomes Guru Trader with the help of followers.

The confidence of the trader goes notch higher, driving them to make profitable moves than ever-before.

These are the reasons why it is said ZuluTrade offers win-win situation to all and by this it makes sure new traders will tips from specialists while specialists get chance to make extra earning by just sharing knowledge.

High Capital Risk Is Involved In Financial Trading

ZuluTrade Automator - Automated Forex And CryptoCurrency Trading

Automated Trading-Binoption

Performing Forex and Cryptocurrency trading via Automator is available in ZuluTrade. ZuluTrade automator will work as your personal assistance. 

The major advantages of crypto traders is that they can copy experienced crypto traders around the globe. To reduce the commission, traders can open profit-sharing account and auto-trade the major virtual coins.   

It can monitor and notify the traders when things happen or automatically execute any action, either traders can do by themselves.

Additionally, you can create and execute your own automated rules.

So, using this “if I could do this when that happens” logic, traders can create and execute their own automated rules.

A few typical examples are:

  • If PnL from Trader X is less than $1,000 then send me a notification email and lock all trades
  • If realized PnL of my account is more than $1,000 then close all profitable trades
  • If number of open trades by any Trader is greater than 50 then stop receiving new trades from Traders

The possibilities are endless, and traders can create the rules to match their own trading needs!

High Capital Risk Is Involved In Financial Trading

ZuluTrade Social Trading Chart

Zulutrade-Social Trading Chart - Binoption

ZuluTrade social chart is the place where traders and investors can communicate, share their comments and insights, and many more. 

In Social Chart section, traders will get events where it provides all social activity between ZuluTrade Users – profitable trades closed, comments and replies.

And you can also reply and like the comments of fellow users.

Then clicking on the trades or comments icon, traders will get details for the relevant trades and comments.

In the filter chart events, traders can select what events should be displayed in chart or by using the top hash tags traders can view all events of a currency pair.

From the Trading Mode Option traders can switch to the technical charts with custom indicators, objects and scripting ability.

High Capital Risk Is Involved In Financial Trading

Forex Calendar And Tools

Forex Calendar-Binoption

A real time economic calendar helps traders to get updated all financial events and indicators all over the world.

It automatically update when new trading data release.

Even traders can filter economic events by selecting currency, impact and date.

In Forex Tools features, 4 tools / calculators are available for traders and they are –

  • Pip Calculator
  • Margin Calculator
  • Profit Calculator
  • Currency Converter

These all tools are free market research tools. 

Another, powerful tools on ZuluTrade platform is Profit Simulation. 

This powerful tool allows you to test the Traders’ performance against different settings from your account.

It basically calculates the potential profit your account could have with trades of specific Traders, executed under different parameters.

Many successful traders are using this tool for getting success in trade.

High Capital Risk Is Involved In Financial Trading

Advantages And Disadvantages

Broker Advantages-Binoption

This professional and user-friendly trading platform proves that it belongs to experts and newbie traders will be benefited by copying and following the experts.

The investigation done on ZuluTrade platform helped us to conclude that this platform is a genuine.

It ensures that the client does not lose their track while they are in the edge of making money.

From bad traders and avoid losses, ZuluGuard protects the account.

As well as a click on ‘Start copying’ will take the trader through steps to follow for copying professional traders.

It was found that these steps are easy to follow and complete.

A very limited amount of information is one of the major disadvantages of this copy trading platform. 

They can add more information regarding their platform in their websites. Moreover, available information is hard to find on their website. 

Adding more regulated and reputed broker can help them to get more clients.

Customer Support

A dedicated customer support team is always there to help traders. 

You can communicate with them in 11 languages. The customer support team is available 24/5 from Sunday to Friday. 

The FAQ and User Guide section is very accessible and easy to understand, many novice traders have found this information helpful as and when they get stuck.

Even sending feedback is possible via email. 

In addition, they have call centers set up in the U.K, Germany, Russia, Spain, Greece, Mexico, Colombia, Japan, China, and Australia.

Last Words

ZuluTrade is always there at just the reach of traders to overcome negative probabilities and to reap generous rewards for success.

It is recommended to create an account to start enjoying the quality service and benefits.

They even have presentation videos to demonstrate the basics of the service and ways to use it effectively.

Make use of these informative ZuluTrade Reviews before trading Forex, Crypto Currency.

Invest money in safe sites to start reaping benefits for your efforts and to earn handful profits.

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