ZuluTrade review: Is it a legit or scam copy & social trading platform?
It is advisable that you study accounts carefully and follow a high ranking trader with many followers. That said, the choice of which trader to follow is ultimately up to you. Share ideas and your own strategy to pick up followers from around the world. ZuluTrade is a cutting-edge auto trading platform that connects directly with the AvaTrade site and xcritical brand through an API.
What is better than eToro?
We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to eToro, including thinkorswim, xcritical, E*Trade Web Platform, and UPHOLD.
In 2015 it was granted the EU Portfolio Management License, which made ZuluTrade a licensed portfolio management company in the EU. The acquisition of Market Crew Investment Advisor, a regulated entity, resulted in ZuluTrade being licensed in Japan and served as the cornerstone for its Asian expansion. It is additionally licensed to operate in the US, though most of its partner brokers do not operate there.
About FXCM
As ZuluTrade is not a broker, deposit requirements depend on the broker you choose. The minimum amount required to stay connected to the platform is $100. When it comes to client reviews, there are mixed feelings about this social trading software.
If you could provide us with more details on the issue you encountered, we would be happy to investigate this further. This would help us identify, whether your case had been handled in a professional diligent way or whether there was a inappropriate handling of the issue by our Customer Support Representatives. ZuluTrade values the safety of its Investors’ capital as an utmost priority. In all fairness to the trader, he has a second Live account for almost 2 months and when he made the changes, he always informed his investors through his social page. Ultimately, if you’re comfortable following someone else’s trades, then copy trading may be your best option. However, if you prefer to make your own decisions, forex trading may not be the right choice.
As you can see, ZuluTrade is for everyone and the best use of the tools that we provide may increase the safety of your account and the profits obtained. For this reason, users are able to request an update from each Trader regarding the strategy status through their social page.
If you like , you may communicate your suggestion to your broker. Once the broker addresses this request to us, we will arrange the integration. If you could provide us with more details on the issues emerged during your trading experience with us, we would be happy to investigate this further.
With regard to your comment concerning our Live Chat services, we would like to ensure you that our Support Team is very knowledgeable, costumer-focused and solution-oriented. All our Representatives try their best in order to assist our clients, reply to their inquiries, provide advice and guidance as well as resolve any issues that may arise.
Praised as one of the best software options for beginners, ZuluTrade enables you to create a diversified portfolio of stocks, forex, commodities, cryptos, and indices. There is a mobile app for iOS and Android devices, so you can trade on the go. You can sign up for an account through the ZuluTrade website. Reviews Learn all about the features, pricing, and the pros and cons of the best financial products and services on the market. Combos are composed based on the included Traders’ strategy and past performance statistics.
The minimum deposit at eToro, for most traders, is just $50. Since ZuluTrade does not accept deposits, the minimum is broker dependent. Traders will find options above and below $50, but eToro and ZuluTrade remain widely affordable to all types of traders.
You have the option to trade Micro, Mini and Standard lots. You can change this on the ZuluTrade platform under “Account” → “Settings”.
But if you stick to trader with long history, low draw down and small stop loss then you can get some good traders. Often they are ranked over 50+ so it use the filters provided.
Learn from the best traders in the world
However carefully you choose traders to follow, each one will eventually experience a sudden and large loss which will more than reverse all gains. Note that when this happens, the trader will simply open a new account so that their bad trading losses no loger show up in their performance. ZuluTrade provides rankings of investor performance and allow investors to immediately observe and copy othexcritical’s portfolios. This is provided by simulator which shows overall profit, alerts user if a margin call occurred and even allows user to download a spreadsheet of all the simulated trades. Start your trading experience with a demo account which allows you to practice trading and get assistance from our support team.
Or daily the trader could adjust his risk to lower or higher depending on his gut feeling or depending on what side of the bed he woke up. Can it be called a fraud in this case, or what is it called? However, they still take commissions from followers for my work. And I can suspend my Zulutrade account only when all orders on the account are closed. Copy trading with Pepperstone is simple, but first, you’ll need to choose the platform you will use. For example, if you decide on MyFxBook, you’ll be able to copy trade from the most successful forex trading systems. At the outset, you’ll need to create a Pepperstone account with your email and choose the account type for trading.
Existing Clients
Combos are not intended as and do not constitute nor are construed as an investment advice. Please refer to ZuluTrade’s Terms of Service for more information regarding combos and the classification and selection of Traders. Join thousands of traders who choose a mobile-first broker for trading the markets. If you are a new customer of Amana, click on “New Account” and follow the instructions.
A $25 withdrawal fee is additionally levied, acting as a deterrent foxcriticals to request withdrawals. ZuluTrade is compensated by the spread, and traders need to account for the mark-up. Additionally, platforms offer auto-trading features, which allow you to execute the trades of the traders you are copying automatically. This is beneficial for less experienced traders or those who don’t want to monitor market analysis constantly.
How to get started
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. It is not intended as and does not constitute nor is construed as investment advice. The ZuluTrade mobile application for both Android and iOS, enables you to access the markets and manage your copy trading account anytime, from anywhere without monitoring the markets 24-hours a day. As a ThinkMarkets account holder with ZuluTrade, you have access to an expert Traders Board that ranks them based on their performance as well as the feedback that they receive from their followers. Tradersunion.com needs to review the security of your connection before proceeding. I would also like to see a wider range of brokers that you can use for signal provider.
The main focus on pips should not be the prime performance indicator of a trader. More pips or less does not equte to good trading or capital growth. So where on earth did those knuckleheads think okay lets plot the traders performace based on how much pips he/she makes. xcritical is an online social forex trading platform where people can sign up and pay a monthly variable subscription fee to copy trades from their preferred traders. The next option, DupliTrade, is a good choice if you want an easy-to-use platform to copy trading strategies from multiple providers. Finally, there’s the AvaSocial app that you can download and use to automate your trades. AvaTrade copy trading allows you to trade various assets, including popular forex pairs, stocks, commodities, indices, and cryptocurrencies.
Let othexcriticals know if this service is worth checking or should be avoided. ZuluTrade, trading has surpassed $1,200,000,000,000 in trading volume thanks to the sheer number of partner brokers the company works with. EToro offers over 2,000 assets and is approaching 300 million opened positions since 2007. There is no guarantee that the traders you copy will be successful in the future, so it’s essential to weigh your options carefully. Usually, there are several ways to get in touch with the agents, including phone support, email, and live chat. Yes, you can provide signals via ZuluTrade by joining the Trader Program with an FXCM xcritical account. ZuluTrade is distinguished by its proprietary features for transparency and personalize risk managements.
We are really sorry to hear that you had such a negative experience with our services. B) the signal is normally being processed within 1-3 seconds, and during the high volatility, the price on your investor’s account may significantly move.
Others feel that copy trading can be risky because you don’t have full control over your portfolio. Overall, Pepperstone is a good choice if you want access to top-notch third-party copy trading providers, over 1,200 instruments, and excellent customer support. Copy trading is usually recommended for beginners, as it doesn’t require any trading experience. You just need to choose which strategies you want to copy trade.
Social trading remains popular but has retreated from the popularity it hit 10 years ago. EToro is attempting to make changes to remain relevant, but the pricing environment remains uncompetitive. xcritical website ZuluTrade’s acquisition by the Formax Group may point it in a different direction. The Chinese firm was most likely after technology and will make changes to the platform.
The next thing to check out when choosing the best forex copy trading broker is user-friendliness. In other social trading platforms, you typically pay a volume fee on EVERY trade, whether winning or losing, therefore clients may incur significant https://xcritical.expert/ costs even on losing months. This also may encourage the Trader the trade higher volumes. EToro, as well as ZuluTrade, operate in the social trading sector, different but equally interesting ways foxcriticals to trade without stress.