Ideally, ZuluTrade is an online trading network that helps in connecting a plethora of traders globally.

As the online trading industry is saturated with online trading brokerages, it is highly challenging to find a perfect platform for you.

No doubt, there are hundreds of options available, but not all are right for your needs. Thus, it is highly essential to use your due intelligence in finding the best trading brokers available.

The trading platform covered under this review is ZuluTrade that allows traders in the forex and financial markets to bag the goal of automated trading.

Currently, the trading platform boasts of having millions of users and executes a trading volume of at least $800 billion.


About ZuluTrade and Accepted Countries

The company was incorporated back in 2007 by Leon Yohai and Kosta Eleftheriou.

ZuluTrade Forex BrokerOne of the founders that is Leon Yohai, wished to develop software that allowed him to imitate the expert trader’s trades.

The platform had over 4,500 ‘expert’ traders by 2009, and using their portfolios; users could make money.

In 2014, ZuluTrade re-designed its website and updated some features, including ZuluGuard, and had 120 employees.

In the same year that is in 2014, the company also announced to become a partner with SpotOption, to develop a social trading platform for binary options.

2015 was claimed to be one of the most fruitful years as the platform was bagged an EU Portfolio Management License from the European Union.

Thanks to the award that the company became one of the trusted and respected traders across the trading niche.

Founder / CEOLeon Yohai
Established Year2007
Publicly TradedNo
Total Employees50-100
RegulationsHCMC
HeadquarterAthens, Greece

Traders from Australia, Thailand, Canada, United States, United Kingdom, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, and almost all other countries are allowed to trade on this platform.


Open a Forex Trading Account Now! – Fill up the Form

    Fill Your Details Here


    ZuluTrade Trading platform:

    ZuluTrade claims to own a proprietary web-based trading platform. The platform is known as the “Full Pack Complete Trading Platform.”

    The platform is said to feature a lot of advanced features, including a complete charting package, advanced auto trading capabilities, Zulu scripts that allow traders to use the trading bots, and Zulu trading API.

    These features are not only highly advanced but also well respected by the most sophisticated traders in the industry.

    The best part is that the platform is accommodating for beginners too. Additionally, the user interface is well designed and very user-friendly.

    Trading PlatformMT4
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesEnglish, German, French, Italian, Spanish, Portuguese, Russian, Arabic, Chinese, Japanese, And Greek

    ZuluTrade Mobile App

    The platform is entirely compatible with all mobile devices from Apple, Android, Windows, to Blackberry.

    Additionally, it also features full functionality with an interface that is tweaked slightly but provides a seamless experience on mobile.

    By using mobile apps, traders can easily control and manage their portfolios anytime. Under the mobile app, users can see their performance, review new traders to copy. They can close trades manually.

    Furthermore, ZuluTrade applications and mobile sites are compliant effectively with the desktop-based platform. Above all, it has improved with all the updates.


    Check out Mobile Apps of more Forex Brokers


    ZuluTrade Commission or Brokerage or Fees

    The brokers tend to charge a commission per trade besides the average spread for linking your account to ZuluTrade.

    If it is ZuluTrade’s own broker, the spread tends to as low as zero. Additionally, the spread is most likely to vary from trader to trader.

    The currency pair and time also affect the spreads. During periods of high volatility, brokers tend to widen the spread.

    Commission on tradesYes
    Fixed spreadsYes

    ZuluTrade Exposure or Leverage

    Almost everyone is aware of the fact that leverage can be used to enhance the potential earnings of the traders.

    But one thing you should know before you download an account is that leverage trading can increase losses and lead to some rare calls.

    Ideally, it is higher than the average, like 1:500, and lower than the used margin. But one thing you need to know for sure is that it means an enhancement in the free margin and margin level.

    Hence, it can result in overtrading, and with a massive drawdown, the account might face the stop-out level.

    Thus, it is recommended to use the leverage of 1:500 to avoid such risks.

    Maximum LeverageUp to 1:500

    ZuluTrade Payment Methods

    The money funding and withdrawal payments are most likely to be based on the trader, but it includes some of the things like:

    • Bank wire transfer
    • PayPal
    • ZuluTrade Mastercard
      Deposit OptionsCredit Card, Debit Card, Paypal, Skrill, Neteller, ZuluTrade Mastercard
      Withdrawal OptionsCredit Card, Debit Card, Paypal, Skrill, Neteller, ZuluTrade Mastercard

    Find out Payment Methods provided by other Forex Brokers


    ZuluTrade Virtual Trading or Demo Account

    Zulu Trade is most likely to feature a fully live and free demo account, allowing traders to practice trading on the platform with virtual money.

    Above all, the traders can get the same experience as they would get on with the real account.

    The newcomers on the trading account are offered $100,000 of virtual money to trade so that they can gain some confidence with regards to the trading services provided so that they can plan their trade before investing in real money.

    Some of the essential information you need to enter under the demo account is:

    • Location
    • Leverage
    • Base currency
    • Demo account balance
    • Name
    • Email
    • Phone number

    Additionally, the demo account is relatively easy to use.

    Virtual MoneyNA
    ChargesFree

    ZuluTrade Regulation and Licensing

    Currently, the trading platform is regulated. Being a copy trading solution for brokers in the EU, the trading platform has been licensed by a Triple-A Experts SA license from Greece’s Hellenic Capital Market Commission (HCMC).

    But you need to know that it doesn’t mean you are most likely to get substantial millionaire payouts without any risks.

    All it means that the platform fully complies with the EU framework for auto trading service providers. Above all, the clients don’t need to stress about things.

    RegulationsHCMC

    Find out Regulations & Licensing of more Forex Brokers


    ZuluTrade Features

    Locker trade– It allows the traders to analyze trade execution provided you have received the signal.

    Social network features– it includes forums and comments sections. Under this, traders can review signal providers, offer advice, and ask questions.

    Margin call o meter– It analyzes the probability your account will run out of money, and thanks to this feature, you can research how much of your capital you are risking actually.

    ZuluScript– It allows you to develop scripts that tend to form the trading bots parameter.

    ZuluGuard– It gives protection to Copy Traders if erratic trades are done by traders in the market.

    Calendar– Traders can easily access a brief of all key events with regards to the global financial markets.

    Educational ServicesYes
    Social Trading / Copy TradingNo
    Trading SignalsYes
    Email AlertsNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    OCO OrdersNo
    Trailing SP/TPNo
    Automated TradingYes
    API TradingYes
    VPS ServicesYes
    Trading From ChartYes
    Interest On MarginNo
    Offers HedgingYes
    Offers PromotionsYes
    One-Click TradingYes
    Expert AdvisorsYes
    Other Trading FeaturesNo

    ZuluTrade Account types

    Under the account types, the traders are given two very distinct account types, which tend to vary mainly in the services they offer.

    The options tend to be simple. Some of the accounts are:

    Classic – The account is mainly meant for advanced users as it is a signal provider account. It means that all the trades will be broadcasted for the entire ZuluTrade community to see, follow, and copy.

    From this account, traders can earn profit from both volume-based commissions plus manual or personalized copy-trading.

    Profit-Sharing– The account is mainly for beginners as they don’t have to make any trades on their own but learn and copy from other traders.

    Account TypeClassic Account
    Initial Deposit$100
    SpreadFrom 0 Pip
    Commission$3 per $100,000
    Leverageup to 30;1

    ZuluTrade Accounting Opening Process

    It is quite simple and easy to open an account on the ZuluTrade platform as you need only some necessary information, including name, email, phone number, location, base currency, and a minimum deposit of $300.

    But the process is a little complicated if you choose to open a Classic Account to become a signal provider.

    Under this account, you have traded on ZuluTrade for at least 12 weeks, maintain a maximum drawdown of less than 30% and trade with an average of 3 pips or more per transaction.


    ZuluTrade Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeNo Dealing Desk
    Min Deposit$100
    Maximum LeverageUp to 1:500
    Mini AccountNo
    Premium AccountNo
    DEMO ACCOUNTYes
    Islamic AccountYes
    Segregated AccountYes
    Managed AccountNo
    Institutional AccountNo
    Suitable for beginnersYes
    Suitable for professionalsNo
    Suitable for scalpingYes
    Suitable for daily tradingNo
    Suitable for Weekly tradingNo
    Suitable for swing tradingNo

    ZuluTrade – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team :

    Fundamental ReportsYes
    Research ReportsYes
    Company ReportsYes
    Daily Market CommentaryNo
    News (Top-Tier Sources)No
    Delko’s ResearchNo
    Top PicksNo
    AutochartistYes
    Acuity TradingYes
    Company Stock ReviewNo
    Free Stock TipsNo
    WebinarsNo
    Video EducationNo
    Economic CalendarNo
    Offline AdvisoryNo
    Relationship ManagerYes

    ZuluTrade Benefits

    • The demo account is totally free, so it is highly recommended for new entrants looking forward to understanding the market.
    • A plethora of traders follow and copy, and it could lead to a significant number of signal earnings.
    • The traders have to pay relatively low on-going fees, and there is no charge for no entry costs, and minimum deposits start are only a few hundred dollars.
    • Users can also use Cryptocurrencies.
    • Traders are most likely to benefit from mobile apps as they are not only reliable but also easy to use.

    ZuluTrade Cons or Drawbacks

    • There are a lot of inconsistent traders.
    • Signal traders don’t use their capital. They might risk your money copying the trades of an expert trader using simulated money accessed from the virtual account.
    • It can be challenging for beginners to employ a money management system that is effective.
    • A lot of time and effort is required to monitor and select a compelling mix of trades.

    ZuluTrade Trading Hours

    Traders are not allowed to trade beyond the market hours of ZuluTrade. The market opens for ZuluTradeon Sunday at 22:00 UTC and shuts by Friday 22:00 UTC.

    Additionally, the market will open on Sunday at 21:00 UTC and close Friday at 21:00 UTC during Eastern time daylight saving.


    ZuluTrade Customer Care and Contact details

    You can head over to the ZuluTrade homepage if you are facing any problems including technical or account issues.

    On the homepage, you can see the live chat is available 24*7, and it is one of the most popular methods used for contacting the platform.

    Besides the live chat, users can even find email and phone support to 10 countries, add on to it is the 24-hour hotline.

    Users tend to use the website if they want to submit feedback through an online form or they can also select ‘contact us.’

    Dedicated DealerNo
    Support During WeekendsNo
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportYes
    Customer Support LanguagesEnglish, German, French, Italian, Spanish, Portuguese, Russian, Arabic, Chinese, Japanese, and Greek

    ZuluTrade Safety and Security

    One of the most used features with regard to safety and security is ZuluGuard. Additionally, it is one of the best account protection features as it monitors the individual behavior of each trader.

    It helps in keeping the user’s income safe from the erratic strategy.


    ZuluTrade Rating & Review

    Based on the user experience, the following rating and reviews are provided.

    User Experience7.0 / 10
    Products & Services7.6 / 10
    Brokerage Charges & Fees7.1 / 10
    Research & Advisory7.2 / 10
    Trading Platforms7.1 / 10
    Overall Ratings7.2/ 10
    Star Ratings★★★☆☆
    Total Client Reviews73

    ZuluTrade Verdict or Conclusion

    Lastly, ZuluTrade is a fantastic platform for traders who wish to undertake social trading or copy trading.

    Above all, the platform is perfect for traders of all experience levels. Even though it is a user-friendly platform, but you can avail the best service if you choose the company’s own brokerage platform.

    Above all, it is not easy to stay profitable all the time as you need to be aware that incomes can flee from the account as quickly as it tends to appear.

    Thus, ZuluTrade is one of the most reputable online trading platforms offering services, including social trading or copy trading.

    You can indeed consider ZuluTrade if the social and copy trading aspect of trading is something you are looking for.

    The demo account surely helps you a lot, so don’t stress.


    Open a Forex Trading Account Now! – Fill up the Form

      Fill Your Details Here


      Learn everything about Forex Trading


       

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      24 + 9 =

      Get 90% Discount on Brokerage Now! Open Demat Account