ZuluTrade is a popular online copy trading platform for traders and investors around the globe. They integrate with over 70+ online brokers, are regulated and offer a range of useful tools for quick and easy social trading.
ZuluTrade Review, Pros & Cons
- 70+ online brokers to choose from
- Regulated in the EU
- Copy trading signals
- Traders Combos
- AutoTrade Cryptos
- Social Charts
- Free to open an account
- Must use a compatible broker
- Quality of signals not guaranteed
- Commission may be marked up to cover ZuluTrade's costs
In this detailed ZuluTrade review, our online broker research team have covered some of the most important aspects for you to consider when choosing a social trading platform for your online trading needs.
ZuluTrade is an online and mobile copy trading platform where millions of users can share and copy the signals of other traders. Founded in 2007 by Leon Yohai and Kosta Eleftherious, they initially set out to build a trading software that would allow them to copy the forex trading signals of the best forex traders. ZuluTrade has since grown into one of the most popular and largest social trading platforms with billions of trading volume being executed through the platform with a global userbase.
Traders from around the world can join ZuluTrade to connect their account and share their trading strategy with others. These trading strategies are primarily ranked according to the return on investment (ROI) and risk, although users can filter them by many other important factors such as duration, profit factor, average win/loss, drawdowns, etc. It should be strongly noted that the past performance of traders on ZuluTrade is by no means a guarantee of future performance.
Investors can search through the trading strategies on the ZuluTrade platform and choose those that they wish to copy with their chosen capital and level of risk. Investors can copy multiple trading strategies at the same time, creating their own unique portfolio. Strategies can be added or removed at any time according to the investor’s preferences. This makes ZuluTrade a flexible social trading platform for copy trading, allowing traders with minimal experience or limited time, to copy other traders.
ZuluTrade is one of the most advanced and feature-rich copy trading platforms that can be fully customised according to individual trader requirements. The ZuluTrade platform contains many useful features including traders’ combos, Automater, ZuluGuard, crypto trading, auto trading, social charts and user lists.
ZuluTrade is established globally, it is regulated in EU and Japan and used by millions of traders worldwide. The ZuluTrade copy trading platform is provided by Triple A Experts SA. They are EU regulated by Hellenic Capital Market Commission (HCMC) with Licence # 2/540/17.2.2010. This means that they must comply with a set of rules and regulations for auto trading service providers.
Through ZuluTrade, traders can connect their own online brokerage account to provide or copy signals from, thus the user can ensure they opt to use one of the regulated brokers from the 70+ that are compatible with the ZuluTrade platform. You can see an up to date list of ZuluTrade brokers on the ZuluTrade website.
As ZuluTrade is an online social trading platform, you can use your own online broker provided they are supported by the ZuluTrade platform. They currently support brokers from all of the world including the United States, Europe and many other countries.
The ZuluTrade platform has an intuitive user interface and runs either directly within your web browser or via the ZuluTrade Android, iPhone, iPad and desktop widget apps. You can quickly and easily navigate the different trading strategies, filter and sort them, compare them and more.
Through the ZuluTrade platform you can find strategies in different markets including forex, stocks, indices, cryptos, commodities, etc. You are able to copy strategies that you believe are suitable to your investing goals. The ZuluTrade platform is split into 2 categories:
- Trading Signal Providers – These are the traders who provided strategies that can be copied and receive a commission fee depending on their success
- Trading Signal Followers – These are the investors who choose to copy the signal providers. They can also copy the portfolios of other followers
Each of the trading strategies within the ZuluTrade platform contains a brief description by the provider along with detailed statistics including:
- Duration the trading strategy has been running (weeks)
- Return on investment (ROI)
- Pips gained
- Current open positions
- History of trades
- Number of trades
- Maximum open trades
- Win rate
- Average win
- Instruments traded
- Number of followers
Having these statistics readily available to view and compare, helps make finding a suitable trading strategy to copy signals from as easy as possible. ZuluTrade do not recommend or make any implications about the future performance of any of the trading systems on their social trading platform.
ZuluTrade Trading Tools
Trader’s combos are a portfolio of combined individual traders that are dynamically updated and constantly monitored to try and achieve better overall performance. They are created automatically using a point-based algorithm that has been developed to try and identify the most profitable combinations of trading strategies on the ZuluTrade platform, including those that have:
- A Win % above 30%
- A long-term positive ROI
- Have executed more than 50 trades
- A stable trading activity of at least 15 weeks
- Are followed by Real Investors
The trader’s combos can make the auto trading process easier and faster for those with limited time or experience. They allow the investor to choose their risk appetite and copy multiple traders contained in a suitable trader’s combo with just one click. The trader combos are also grouped according to different risk preferences, from conservative to aggressive.
The Automater feature of the ZuluTrade platform lets you create your own rules for your auto trading. The Automater can monitor your account 24/7 and act as your personal trade assistant by notifying you when certain events occur or execute a predefined action you would have otherwise have done yourself. You can set rules to lock in profits once a target is reached, update stop loss for selected trades, close trades that are profitable or to simply notify you.
Creating a rule is simple, you simply give your rule a title, a short description and set the conditions and actions you would like to happen for your rule. Once the rule is activated, you will receive an account notification, along with a relevant email.
ZuluGuard is an account protection feature that can monitor the trading activity of a trader and remove them if it detects that the trading strategy has deviated from its expected loss profile. ZuluGuard automatically calculates a trading exit value for the trades that are open within your account according to your specified capital protection amount. Once this threshold is hit, ZuluGuard will step in and close all open positions and disable the trader instantaneously. This capital protection feature is available to all ZuluTrade investors and is in fact a mandatory requirement for the EU and US service as it creates a protection shield for your investment capital!
Cryptocurrency is an online digital currency that is decentralized and traded peer-to-peer on a blockchain. As they are virtual currencies, they are not backed by physical commodities and thus do not have any intrinsic value.
ZuluTrade provides traders with the opportunity to AutoTrade some of the most sought-after cryptocurrencies available including Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. Investors can copy experienced crypto traders from around the world with multiple crypto trading options throuhg ZuluTrade’s fully-fledged web-based Trading Station. The profit-sharing account option lets users AutoTrade Bitcoin, Litecoin and Ethereum with reduced commissions.
ZuluTrade offer traders social charts which are real time charts from where strategy providers and followers can communicate, share their comments and insights, exchange views and explore trends visually. Users are also able to reply or like comments posted by other traders, post their own messages and ask questions.
UserLists enables traders to create their own lists of traders based on different categories so that they can group them according to performance, share their lists and choose the trading strategies best suited to their individual investor needs.
The TradeWall provides a live feed of ZuluTrade’s trading activity. This shows which assets are being traded, prices, times and order status. There is a market sentiment tool that shows which assets were selected by ZuluTraders and investors during the last 4 hours.
The calendar shows important upcoming events displayed in the UTC time zone by default although this can be adjusted to your own time zone. The calendar makes it easy to track up and coming news releases along with the impact they could have on the markets. An economic calendar is commonly used as part of the fundamental analysis of a trading strategy.
There is a selection of useful market research tools provided by ZuluTrade including currency converter, pip value calculator, margin calculator and a profit / loss calculator.
There is a ZuluTrade blog where they post frequent articles across a variety of different trading topics including tutorials, new features and detailed market analysis. The market view articles cover a variety of fundamental and technical analysis across multiple markets and can be used to help inspire potential trading opportunities.
There is a social trading community forum where traders and investors can discuss anything from strategies to the platform features, auto trading and more. This is also a place where you can leave feedback and suggestions to the ZuluTrade development team.
The ZuluTrade signals are mainly on forex currency pairs although some traders provide trading strategies on other markets including stocks, indices, cryptos, commodities, etc.
ZuluTrade Accounts & Fees
It is completely free to open a ZuluTrade account and take advantage of their social trading platform. All you need to do in order to provide or copy trading signals is to sign up to a brokerage account from one of their 70+ compatible online brokers. They even have their own brokerage firm, AAAfx. You can start with a demo account to familiarise yourself with this copy trading service if you wish.
ZuluTrade make a profit via commission that they get for referring traders to brokers. Thus, the minimum deposit requirement, commission fees, spreads and leverage will all vary depending on the broker that you choose.
As fees can vary and change from time to time, there may be additional fees that are not listed in this ZuluTrade review. It is thus imperative to ensure that you check and understand all of the latest information before you open a ZuluTrade social trading platform account.
There is a customer support team who are readily available to answer any general or technical questions that you may have regarding the ZuluTrade platform. Customer support is provided in English, German, French, Italian, Spanish, Portuguese, Russian, Arabic, Chinese, Japanese and Greek. The customer support team is available 24/5 from Sunday 21:00 UTC to Friday 22:00 UTC.
ZuluTrade Deposit & Withdrawal
As you do not deposit any funds directly with ZuluTrade, the funding options will depend on those offered by the online broker you are using. Most brokers will offer wire transfer and credit/debit card transfers although it can be useful to use a broker who has some online payment processors such as PayPal, Skrill, Neteller, etc. Make sure that the online brokerage that you opt for has a method of account funding that is suitable for you.
ZuluTrade Account Opening
On the ZuluTrade website there is a short online registration form to complete that requires a few basic details about yourself. You can also signup by using Facebook or Google. It takes just a few minutes to complete and verify your email address. From then on you are free to connect your broker account to ZuluTrade for providing and copying trading signals.
Overall, ZuluTrade is one of the industry leading social trading platforms alongside eToro – see our eToro Review for more information. They offer free sign up and work with over 70+ online brokers. They are regulated in the EU and have millions of users including talented traders from across the globe.
The ZuluTrade platform is very easy to use and has some very useful tools for filtering trading strategies which makes it quick and easy to find suitable strategies to follow. The trader’s combos option makes it even easier still. They provide additional tools such as the Automater for managing your position when you are away and the ZuluGuard to help protect your account.
This social trading platform can run on desktop, web and mobile devices. This makes it suitable for trading whilst on the go from anywhere in the world with an internet connection. In addition to this, they provide multilingual support.
Forex trading involves a real risk of loss. No “safe” trading system has ever been devised, and no one can guarantee profits or freedom from loss. Past performance is not indicative of future results. Trading spot currencies involves substantial risk and there is always the potential for loss.