REVIEWS

ZuluTrade Review 2022

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zulutrade

The goal of ZuluTrade was to respond to the lack of platforms that allows traders to audit globally and at a simultaneous rate.
ZuluTrade is a copy trading platform that was founded in 2007, and headquartered in Greece. This financial technology, or fintech, company allows users to copy trades from other traders who have an extensive trading background and use the trades as their own.

ZuluTrade has allowed traders to interact with other traders and share their strategies among the trading community.

The platform of ZuluTrade has evolved into a service that transforms financial advice from expert traders into executed trades. You will also be able to easily navigate and select the trades that you are interested in, ZuluTrade gives you an open environment where users all over the world can connect and share their trading knowledge.

ZuluTrade plans on becoming the world’s biggest social copy trading community in the world, with a priority on client preference.

ZuluTrade Main Features
🗺️Established in: 2007
🏢Headquarters: Greece
⚖️Regulations: HCMC, CySEC, FSA
⚖️Country of regulation: Greece, Cyprus, Japan
💰Minimum Deposit: $1
💰Platforms: MT4, MT5, cTrader
Pros Cons
Regulated by the Hellenic Capital Market Commission (HCMC), CySEC, and the FSA in Japan Overnight fee required
Low minimum deposit amount required Simple process to become a signal provider, increasing the risk for users
Stores client funds in segregated accounts Inconsistent traders are common
Demo Account available Not suitable for beginners
Easy to open an account  
 Islamic account available  
Selection of trading accounts  
The goal of ZuluTrade was to respond to the lack of platforms that allows traders to audit globally and at a simultaneous rate.

When Did ZuluTrade Start?

ZuluTrade started on its auto trading platform in 2007, which allows users to duplicate trading strategies from advanced traders as your own.

In 2009, there were over 4,500 expert traders, who were the first batch of ZuluTrade’s copy trading service.

In 2012, ZuluTrade designed its website from scratch and added new features, allowing the platform to expand. In addition, in 2014, ZuluTrade expanded its vision to Japan through an acquisition of a financially regulated investment advisor, known as Market Crew Investment Advisor Co., Ltd. The automated trading platform also announced joint cooperation with local Japanese Forex brokers.

In 2017, ZuluTrade changed its image once again, since it was purchased by Formax Group. Formax Group is the company that holds the patents utilized by ZuluTrade. This transition has allowed ZuluTrade to branch out into more of a financial technology, focusing on research and development in cryptocurrencies, stocks, and trading tools. With Formax Group, ZuluTrade managed to expand to the rest of Asia, and not only Japan.

ZuluTrade started on its auto trading platform in 2007, which allows users to duplicate trading strategies from advanced traders as your own.

Safety & Regulation

The ZuluTrade auto trading platform is regulated as a copy trading solution for brokerage firms in the European Union.

ZuluTrade has managed to acquire a Triple-A Experts SA license from Greece’s Hellenic Capital Market Commission (HCMC).

The Hellenic Capital Market Commission (HCMC) allows the capital market to operate smoothly and safely, without any widespread financial risk. With ZuluTrade, you can guarantee that this auto trading platform fully obliges with the European Union regulations for automated trading service providers. This means that brokerage firms do not have to add an extra layer of financial regulations to provide this platform to their users.

In addition to the HCMC regulations, the ZuluTrade Japanese additional branch is regulated by the Kanto Financial Bureau (KFB) as an investment consultant. Alongisde the KFB, ZuluTrade is regulated with the Commodity Futures Trading Commission (CFTC) in the US as an IB and a commodity advising body.

Pros Cons
Regulated by the Hellenic Capital Market Commission (HCMC), Kanto Financial Bureau (KFB), and the Commodity Futures Trading Commission (CFTC) None
 Allows a service to unfollow signal providers automatically if their strategy changes  
The ZuluTrade auto trading platform is regulated as a copy trading solution for brokerage firms in the European Union.

Why Use ZuluTrade?

ZuluTrade is a social copy trading platform that allows you to duplicate trades or expert traders and use it as your own.

You also have the option to discuss your trading strategies and share your trading knowledge with other users on the ZuluTrade platform. Along with the open and cooperative environment, ZuluTrade provides a variety of performance indicators and graphs to help analyse expert traders, or better known as signal providers.

Since ZuluTrade is a social trading platform, it allows users to comment on the profile of the signal provider. This will aid in evaluating the signal provider and establishes an efficient review process on the signal provider’s trading activity. ZuluTrade allows users an auto trading platform in CFDs, Forex and cryptocurrencies, a new feature that is unheard of in automated trading service providers.

Also, if you are a trader who prefers dealing with trades on the go, then you will appreciate the user-friendly mobile application of ZuluTrade.

Pros Cons
Fast opening process Easy process to become a signal provider
Provides Demo Account Overnight fee charged
The low minimum deposit amount Commission and normal spread charged per trade with ZuluTrade
Regulated by multiple financial regulators
Variety of brokers available for selection
Multiple trading accounts
A wide selection of signal providers

What Are The Advantages?

With ZuluTrade, there is a wide range of benefits that will help you in many ways. The first benefit is that there is a free and unlimited Demo Account that allows you to become familiar with the auto trading platform, and financial markets in general. With ZuluTrade, you will have wide exposure to many traders that you can follow and duplicate trades, which would lead to larger signal provider earnings.

You will find that you can choose from a long list of different brokers that are headquartered in different countries. This makes ZuluTrade different, and better than most auto trading platforms because of its variety. There are other social trading platforms that only enable you to view the last 50 to 100 traders in your performance portfolio. However, to guarantee transparency, all previous and current trades are available for display with ZuluTrade. You will not be restricted from looking at any of your old trades.

ZuluTrade provides traders with low trading fees, where you will only be charged for the spread. You, as a ZuluTrade member, will not have to consider paying for entry costs or any transaction fees. In addition, the minimum deposit required is only a couple of hundred dollars and never higher.

Pros Cons
Guarantees transparency by allowing viewing of past performance Commissions charged per trade
Low trading fees  
 No non-trading fees  
A wide selection of different brokers  
 Range of signal providers  
ZuluTrade is a social copy trading platform that allows you to duplicate trades or expert traders and use it as your own.

Who Is ZuluTrade For?

The ZuluTrade auto trades platform is a social and copy trading platform that allows you access to an online trading community.

This trading platform enables you to duplicate trading strategies of expert traders in financial markets. The target audience of ZuluTrade are of two types: signal providers, who are expert traders, and followers.

Signal providers are traders with extensive trading knowledge and an impressive trading track record. Followers are traders who are allowed to duplicate the strategies of signal providers and other followers.

ZuluTrade tackles both novice traders and experienced traders, meaning that it is welcome for everyone. Experienced traders will be able to offer their expertise and trading knowledge for followers to duplicate. As for novice traders, they will be able to learn through a hands-on approach about the way financial markets and trading works.

ZuluTrade gives the option to traders that they can start executing trades like a pro, without having to start from the bottom. With copy trading platforms, novice traders can take a shortcut to the top without facing any financial.

The ZuluTrade auto trades platform is a social and copy trading platform that allows you access to an online trading community.

Services of ZuluTrade

ZuluTrade Services
Combos Charts Social Chart
Blog User Lists
Trade Wall Calendar
Forex tools Forum
Automator ZuluGuard
LockTrade ZuluGuard
Automator ZuluScript
Pros Cons
Allows copy trading of cryptocurrencies Inconsistent traders
 Provides a range of trading services and features Must be a member in order to utilize the services
 Fast execution on all its services
Allows you to interact with the trading community
Practical learning experience approach

One of ZuluTrade’s many attractive features are the wide range of services it provides for its users.

This auto trading platform provides a service known as ZuluGuard, which automatically unfollows a signal provider if the trading strategy of the signal provider changes. This guarantees that the follower not inadvertently make a wrong trade by following a new strategy.

LockTrade is another service that enables traders to confirm and verify a trade’s execution after the signal is received. This means that you will be able to track your activity and confirming that the platform is following through with the strategy you selected. You will also find different features that resemble those of a social network platform, where you can comment on posts and interact on message forums.

ZuluTrade also offers a feature known as ZuluScript that enables traders to create scripts that are defined as criteria for trading robots, or as you better know them as Expert Advisors (EAs) to make trades automatically.  In addition, ZuluTrade offers a binary option social trading platform, which is not common to find in auto-trading and social trading platforms.

ZuluTrade provides traders with performance indicators and graphs, as a form of evaluation to the performance of the signal provider’s trading activity and performance. This will give you a more transparent trading experience while copy trading with ZuluTrade.

One of ZuluTrade’s many attractive features are the wide range of services it provides for its users.

ZuluTrade Fees

With ZuluTrade, you have the option of selecting from a range of base currencies, according to your Forex broker.

This means that ZuluTrade does not limit you to one base currency, but allows you to deposit and withdrawal funds based on your existing base currency in your trading account. You will not have to convert your funds, meaning that ZuluTrade values your comfort.

Pros Cons
All interactions are free High trading fees for users
 Range of base currency according to your trading account Charges commission + spread per trade
 The low minimum deposit amount Overnight fee required
No non-trading fees
No withdrawal and deposit fees from ZuluTrade

What Is The Minimum Deposit?

ZuluTrade has a low minimum deposit amount required, depending on the broker you are dealing with. There are brokers who are partnered with ZuluTrade that will require a minimum deposit of 1USD, up to brokers who will require a minimum deposit of 300USD. However, it does not get any higher than that.

You also have the option of joining a free trial to try out ZuluTrade, an unlimited and free Demo Account. The Demo Account is a hands-on approach on how you can use ZuluTrade and watch the ZuluTrade auto trading platform in action without facing any financial risk.

What Are The Charges Related To Use ZuluTrade?

Although ZuluTrade does not have any non-trading fees that are even above average, there is a high cost when it comes to trading fees. You will have to consider that you will be charged with a commission for every trade for linking your trading account to ZuluTrade, in addition to the normal spread that requires payment.

You will also need to consider that you may be charged an overnight fee, for keeping your position open for longer than a day. With ZuluTrade and any other auto trading platform, you will need to pay an overnight fee.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD
With ZuluTrade, you have the option of selecting from a range of base currencies, according to your Forex broker.

Using ZuluTrade

With ZuluTrade, all it takes is for you to sign up and then you’re a ZuluTrade follower.

There are two types of trading accounts that you will need to consider before signing up: the profit share account, and the classic account.

Pros Cons
Different types of trading accounts No profit generation for Japanese residents
 Financially compensated on both accounts Profit-share depends on performance
Easy account opening process
Digital process for account opening

The Classic Account is recommended for advanced traders who have been trading for a while, and the Profit Shares Account is preferable for novice traders who are just starting out.

Classic Account

The Classic Account, or model, offers you the option of getting paid 0.5 pips per trading lot, for every closed trade that is executed in a Real Account. The pip cost correlated to the currency pair traded, the type of trading account of the signal provider, and other different factors. As a US trader, ZuluTrade will financially compensate you through a flexible monthly membership fee, but Japanese residents will not be able to generate profit because of local restrictions.

Profit Shares Account

With the Profit Share Account, or model, you mostly generate profit through your performance. Whenever you generate a generous monthly PnL to a Profit-Sharing Trader, then you will be compensated with a 20% Performance Fee. The Performance fee is only applicable for the amount above the maximum profit made by the trader, which is known as the High Water Mark (HWM).

For every generous monthly PnL, you will be financially compensated based on a specific model, which ZuluTrade labels as 50% Payment-Reserve Model.

With ZuluTrade, all it takes is for you to sign up and then you’re a ZuluTrade follower.

Brokers Integrated With ZuluTrade

With ZuluTrade, you have dozens of Forex brokers to choose from.

The list on their website allows you to see the selection of brokers it is currently partnered with.

Unlike most auto trading platforms, this copy trading platform values variety. ZuluTrade provides multiple trading tools, different trading accounts, and a list of Forex trading brokerage firm to give you the option to choose.

You can choose from their list of more than thirty Forex brokers or look through the table below.

The list on their website allows you to see the selection of brokers it is currently partnered with.

Unlike most auto trading platforms, this copy trading platform values variety. ZuluTrade provides multiple trading tools, different trading accounts, and a list of Forex trading brokerage firms to give you the option to choose.

You can choose from their list of more than thirty Forex brokers or look through the table below.

Brokers Integrated
Rakuten Securities Vantage
InstaForex GKFX
InstaForex GKFX
TitanFX 4XCUBE
FXCL Amana Capital
Black Bull FXOpen
AxiTrader Hantec Global
ADS Securities AvaTrade
IC Markets RedStone
FXCM NPBFX
ThinkMarkets WelTrade
EverFX PepperStone
Swissquote AAAFX
FXDD IFS Markets
ActivTrader Royal
ICM.com Land-FX
USGFX Urunex
InterTrader FXCM
QTradeFX Oanda

These Forex brokers will provide you with the option to use ZuluTrade as a copy trading platform. You will not be able to use ZuluTrade without having a trading account from one of the above mentioned Forex brokers.

With ZuluTrade, you have dozens of Forex brokers to choose from.

ZuluTrade Signal Providers

ZuluTrade targets two types of traders: signal providers and followers.

Signal providers are expert traders who have a track record in successful trading activity and extensive trading background. They allow followers to copy their trading strategies and followers use it as their own. As a follower, the signal provider you have chosen to follow will have their trades automatically executed in your broker account.

Signal providers are financially compensated for their popularity and the success rate of their trading strategies among followers. This means that the less popular you are as a signal provider, the less you are financially compensated.

Pros Cons
Automatically unfollows if a signal provider changes strategy Lax policy for becoming a signal provider
 Must oblige European Union regulation  
ZuluTrade guidelines are applied to signal provider  
 Trading tools available to evaluate the signal provider  

How To Become A Signal Provider On ZuluTrade

For you to become a signal provider with ZuluTrade, you will need to follow the set of policies by ZuluTrade that are created to reduce risk. As a security regulation, you will need to curb your overall drawdown and forbid any losses of 700 pips or more on one trading position for any major Forex currency pair.

You will also find that there is constant communication between followers and signal providers, which needs to be checked regularly for feedback. In addition, European Union traders can only follow signal providers that follow the EU guidelines.

These guidelines include a maximum drawdown of the Trader’s account must not surpass 30% of total profit, the minimum trading time available is curbed at 12 weeks, and profit for each trade should not be less than 3 pips.

How To Become A Signal Provider

Step One: Fill in your trader name, website, and trading strategy. The trading strategy must be clear and complete since it is the main component to decide your eligibility as a signal provider.

ZuluTrade SP Step 1

Step Two: Fill in your personal information in the section titled “Personal Information”

ZuluTrade SP Step 1 (2)

Step Three: Read through and make sure to check on the “Terms and Conditions of ZuluTrade,” in the case that you agree to them.

ZuluTrade SP Step 1 (3)

ZuluTrade targets two types of traders: signal providers and followers.

Customer Service

With ZuluTrade, you will find that customer service support is available in multiple methods of communication.

You can reach the customer service of ZuluTrade through email, a phone hotline, or an online live chat. The international hotline and the online live chat are available twenty-four hours a day, while the email support is not as fast in responding to your inquiries. You will be able to engage with the customer service support in several languages available, in order to compensate that it is not available 24/7.

If you need to make a complaint or inquire about something, then you will be able to reach the customer service from Sunday to Friday.

Pros Cons
Different means of communication Not available 24\7
Different countries available for phone support  
Accurate responses  
 Range of different languages  

Means Of Communication

  • Online live chat
  • Email support
  • Phone support
With ZuluTrade, you will find that customer service support is available in multiple methods of communication.

Demo Account Opening

The Demo Account of ZuluTrade is a free and an unlimited free trial that allows you to virtually trade with whatever funds.

You prefer to start with; the minimum amount is 100,000USD. With ZuluTrade Demo Accuont, you will have the option to interact with diffe

Pros Cons
Real-time trading None
 Real market conditions  
No financial risk  
 A hands-on approach to learning  
 Starts with 100,000USD in virtual funds  
 Option to upgrade to Real Account is available  
  Ability to choose a base currency  

How To Open A ZuluTrade Demo Account

Step One: Fill in your personal information on the online application and select between a Real Account and a Demo Account.

ZuluTrade Step 1

Step Two: Select your preferred account type, your base currency, your maximum leverage level, and your amount of virtual funds.

ZuluTrade Step 2

Step Three: Confirm your Demo Account via email.

ZuluTrade Step 3

The Demo Account of ZuluTrade is a free and an unlimited free trial that allows you to virtually trade with whatever funds.

Zulu Trade Vs. EToro

ZuluTrade provides you with the option to utilize more than one broker throughout its automated trading platform.

With ZuluTrade, there are more than 30 brokers available for auto trading and duplicating strategies. However, similar to eToro, ZuluTrade has its own brokerage firm, known as AAAFX. This broker provides the best trade execution and simplifies the navigation of the platform.

EToro, it is a social platform that allows traders to interact and share their trading knowledge. However, unlike ZuluTrade, you will only find one broker available, eToro. This means that you will not find that eToro has proportionate transactions since there is no competition between brokers.

ZuluTrade Pros ZuluTrade Cons
ZuluTrade ensures more transparency in its transactions Inconsistent traders
Provides more variety in trading Variable commission charged
Enables simulations of all kinds  
 Easy account manager  
 Starts with 100,000USD in virtual funds Inconsistent traders
 Option to upgrade to Real Account is available Inconsistent traders
  Ability to choose a base currency  
Etoro Pros Etoro Cons
eToro social platform is free to use The not transparent transaction, since you cannot view all trading history
Constant spread with eToro Account manager available after having 2,000USD in the broker account
Different means of communication with customer service Only provides eToro on the social trading platform

ZuluTrade provides you with the option to utilize more than one broker throughout its automated trading platform.

Conclusion

ZuluTrade is a copy trading platform that was founded in 2007, and headquartered in Greece.

This financial technology, or fintech, company allows users to copy trades from other traders who have an extensive trading background and use the trades as their own.

The goal of ZuluTrade was to respond to the lack of platforms that allows traders to audit globally and at a simultaneous rate. ZuluTrade has allowed traders to interact with other traders and share their strategies among the trading community.

You will find two trading accounts, or models, Profit Share and Classic. The Classic Account is more suitable for expert traders, while Profit Share is preferable for beginner traders. You will not have to worry about fees or being charged on any non-trading actions, but you will have to consider the high trading fees.

Overall, you will find that ZuluTrade has many features that help make up for what they lack. The trading tools alone will help create a review database for other traders, making it easier to find the right signal provider. With regulations from the HCMC, CySEC, and the FSA you can almost guarantee that this auto trading platform is worth trusting.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.

Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.