ZuluTrade is a trading platform that is mostly used for social trading. It allows traders to connect to their desired brokers and then copy strategies from successful traders. ZuluTrade Forex brokers are FX brokers that allow a direct integration with the social trading platform and its services.

 What is ZuluTrade?

ZuluTrade was established in 2007 by Leon Yohai, which was created as a reaction to the fact that there is a scarcity of a web-based trading platform that has the ability to audit traders on a global scale. Along with that, the trading platform allows traders to share their knowledge with traders that are interested in their trading strategies.

The ZuluTrade trading platform has managed to close the gap between the essential information in financial markets and trade execution by transforming the advice of the most professional and talented traders all over the world, into a financial service that instantly operate trades. ZuluTrade also offers traders the ability and access of linking specific traders to broker accounts who are interested.

The main idea of the ZuluTrade trading platform is that they provide and open space, where trades all over the world can reach any trading platform and contribute their knowledge. Their primary objective is to transform into the world’s biggest social trading community, by providing investment solutions that are concentrating solely on the trader and the trader’s needs.

 

ZuluTrade Forex Brokers List

One of the main brokers who utilize ZuluTrade is IC Markets. IC Markets are a financial service provider who is currently located in Sydney, with a main objective to form a network and mutually beneficial relationship between retail and institutional traders; this provides the traders with trading solutions that perfectly suit them.

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review

 

How ZuluTrade Works

When you want to trade real money with ZuluTrade, you first need to open a trading account and fund it through your broker. There are over 40 different ZuluTrade Forex brokers on the market, with this list growing each year.

To help you decide which to go for, there are criteria to help you. For example, it is useful to know if they are regulated in your country (the US, Europe or other locations) as well as whether they will support different operating systems for mobile apps (iOS or Android in particular). You will also want to know whether the broker is compatible with MetaTrader, FXCM Trading Station or other systems. You also need to look at the commission level of the supported ZuluTrade brokerages as well as maximum leverages.

ZuluTrade has its own broker too, called AAFX and it does not charge a commission if a trader uses this one. However, don’t let that convince you that they will be the cheapest for all currency pairs. But, given the fact that it is directly integrated, AAFX will probably offer you the easiest and quickest way into trading Forex. You can also start to trade with a minimum amount of $300 or £210.

Drawbacks of ZuluTrade

With ZuluTrade, there are only three primary concerns. The first concern would be that there might be no guarantee that the trader’s strategies might work. Any and every trader has the option of becoming a trading signal provider, and it is the trader’s responsibility to put in the work on who they should copy their trading strategies from. The second concern is that there are some trading signal providers who may not use their own funds to trade. This is why traders need to follow closely of the actions of the trading signal providers, and if it is the right decision for them. The final concern is that there may be inexperienced traders who are using the ZuluTrade trading platform; these traders must be avoided, even if they have a good trading streak and are performing well.

Despite these concerns, a trader can benefit a lot from ZuluTrade, since it can be considered a form of educational resource for novice traders.

How to Choose the Right ZuluTrade Forex Broker?

There are other factors that may sway your choice of broker. Consider the support that is offered by the ZuluTrade broker. If you are trading large amounts, a personal account manager would be the most desirable options. Consider the languages of the brokers as well as the funding processes available. Also, how long does it take to withdraw and is there a cost to this?  Lastly, is the broker regulated? Many traders prefer to use brokers that are registered in their home country, especially given large trading.

There won’t be the best choice for everyone. The broker you choose will need to fit your own personal requirements and will depend on how you strategize your investments and any signals that you follow. AAFX makes an obvious choice for many, due to the integration and non-existent commission. But, the choice is really up to you!