ZuluTrade Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Aug 31, 2023
Check out everything about ZuluTrade Trading Account here.
ZuluTrade is an online trading network that allows traders across the globe to connect with the broker. It is pretty challenging to find the perfect trading account as there are a plethora of brokers available.
Even though there are several platforms available, one needs to find the one which aligns with their needs.
Hence it is vital to explore all the trading platforms before making any decision.
If traders choose ZuluTrade online trading account, they don’t need to stress at all as the trading platform offers an automated trading feature.
Currently, the trading platform has millions of traders across the globe, and it executes a considerable trading volume.
The broker offers both demos and lives trading accounts, which makes trading relatively easy for brokers. The demo account is a practice account where traders can learn about the basics.
ZuluTrade Trading Account and Benefits
The ZuluTrade offers several options in facilitation with its several live trading accounts.
There are multiple accounts available which make trading easy for the trader.
All the reports are different as they offer various features which allow traders to choose the version which aligns with their needs.
When selecting a ZuluTrade trading account, the traders need to consider their expertise level as there are a plethora of unique opportunities available.
It will ensure that traders choose from the best of resources available.
Above all, traders are free to choose any account they feel is sufficient for their needs.
The best part is that the trading account offers something for everyone.
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ZuluTrade Trading Account Charges
|Trading Account Charges|
|Account Type||Retail Account||Classic Account|
|Initial Deposit||100 USD||$100|
|Spread||Fixed spreads that start from 0.9 pips.||From 0 Pip|
|Commission||No||$3 per $100,000|
|Leverage||1:400||up to 30:1|
Multiple trading charges tend to be part of the ZuluTrade trading account, and traders need to monitor all these closely.
Furthermore, traders need to keep an eye on the expenses overall and then plan trades.
None of the traders wish to spend more than the profits they are likely to make.
To quote, traders need to make sufficient profits to pay the expenses. Firstly trading starts with the minimum costs which traders need to pay.
The amount tends to vary from account to account.
Besides minimum account charges, traders also need to spend some commission charges per lot.
These charges, though low, are applicable on almost all budgets.
The traders don’t need to stress as the broker aims to maintain transparency with all of its clients.
Hence there are no hidden charges applicable here, so traders don’t need to worry.
Additionally, before choosing any account, traders must explore all the charges applicable for accounts, including spreads.
Types of ZuluTrade Trading Account
|Types of Trading Account|
|Trading Desk Type||No Dealing Desk|
|Maximum Leverage||Up to 1:500|
|Suitable for beginners||Yes|
|Suitable for professionals||No|
|Suitable for scalping||Yes|
|Suitable for daily trading||No|
|Suitable for Weekly trading||No|
|Suitable for swing trading||No|
The broker mainly offers two trading accounts. Traders can choose any as per their needs and budget.
The Real ZuluTrade trading account is ideal for beginners or new traders. It is mainly because there aren’t any commission charges available here.
However, even though no commission is applicable, the traders need to pay a minimum account balance of $100.
Besides, traders need to pay fixed spreads, which start from 0.9 pips.
Above all, traders can earn leverage of 1:400. The charges might vary, so traders need to check before opening an account.
The definitive account is mainly ideal for professional or experienced traders.
It is primarily because they have to pay a commission of around $3 per lot.
The best part about this account is there aren’t any spreads applicable, unlike retail accounts.
There is one similarity between a retail and classic version that the minimum deposit account is $100. The leverage available here is 30:1.
The charges applicable are floating, so traders must carefully know about them.
ZuluTrade Account Opening and Trading Process
To avail of any account, traders need to follow some specific pattern.
Traders believe that the trading process is the same for almost all the mediums, but in reality, that’s not the case, so traders need to learn about the process when investing here.
All traders need to do is stick to the process so they can learn about it in no time.
Open ZuluTrade Trading Account:
- Firstly traders need to open a demo account with the traders by heading to their official site.
- Once traders click on an open demo account, they will get a pop-up form instantly. The traders need to fill the form and submit it to the broker.
- To complete the verification process, the traders need to start with the EKYC process, where they need to verify their identity online. Then, the traders need to submit all the mandatory documents to prove their residence and identity.
- Lastly, when the broker verifies the trader’s identity, it will open an account for them. The traders can get their login details through email.
- Here the traders need to log in to the ZuluTrade online trading using any of the mediums they like. So, traders need first to choose the trading medium. Then they can get access to log in.
- The traders are free to choose the trading platform, including web-based terminal or mobile app. for web-based trading, traders can use the browser, while for app-based trading, they must download the app.
Download and set up
- Here, traders need to download the terminal or app. Traders need to download the software online if they choose the trading terminal. To trade while on the go, traders need to download the app.
- The step is similar for all trading platforms. All traders need to do is log in to the forum by using the login credentials.
- To explore all the features available, traders must start trading with the demo account.
- Traders need to consider all the investment assets available and keep track of them.
- To buy or sell orders, traders need to use live trading orders.
Find Different Trading Account Types of Forex Brokers
ZuluTrade Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
ZuluTrade offers a plethora of features that make trading easy for traders.
The traders can learn about trading with the educational services available here.
The broker also provides an automated trading feature, which makes trading relatively easy for traders. Additionally, API and VPS trading features are also available for traders.
Traders can also see the market’s movement with the trading chart feature.
One-click trading and hedging features are also available for traders.
If traders feel stuck anywhere, they can also consider taking help from expert advisors.
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ZuluTrade Trading Account – Conclusion
Once the traders learn everything about the broker, they can make the trading decision.
Currently, ZuluTrade is one of the most prominent trading platforms now as it offers a plethora of perks and features to traders.
Above all, the traders can also monitor their strategies to make the most of their traders. Above all, the platform is relatively safe.
ZuluTrade Online Trading – FAQs
Here is the list of FAQs related to the ZuluTrade Online Trading Account:
Does ZuluTrade provide Online Trading?
Yes, ZuluTrade offers online trading to traders through its live trading account.
There are several trading platforms available so that traders can choose as per their choice.
They can trade in various forex assets through the web-based platform or trading terminal. They can also select the app for that purpose.
What are the Commission Charges in ZuluTrade?
As there are various accounts available, the commission charges tend to vary for each one.
If traders choose a demo account, they don’t need to pay any bills.
On the flip side, if traders choose the live performance, they not only have to pay for commission but also deliver the spreads applicably.
But the commission charges aren’t fixed, so traders need to check once before opening an account.
Does ZuluTrade provide Demo account Trading?
Yes, ZuluTrade offers a demo account for traders.
The beginners can learn about the trading account without investing any money.
They can trade with virtual money, and of course, there isn’t any risk here.
Traders can learn all aspects of the trading platform for free.
The demo account allows traders to test their strategies in a risk-free environment, so they gain market confidence.
After they learn to trade, they can deal with real money.
Is Trading Free at ZuluTrade?
Yes, trading is free at ZuluTrade but only for a demo account.
But if the traders choose a live trading account, they need to pay some fees.
These fees include minimum account balance, swap fee, spreads, and other charges.
Traders must know that costs are different for all the accounts, so they must explore all of them before making any decision.
Does ZuluTrade provide Spot Metals Trading?
Yes, traders can invest in spot metals trading through the ZuluTrade platform.
In addition, the traders can check the list of precious metals available.
Besides metals, traders can also trade in CFDs or currencies available.
However, they must align with various charges available.
What are Spot Metals Trading Charges at ZuluTrade?
The spot metal trading charges tend to vary from metal to metal.
Traders can choose any metal depending on their budget and needs.
The traders need to know that the charges are floating, so it is vital to check the charges.
Does ZuluTrade provide Stock Trading?
Yes, ZuluTrade offers the stock trading option to traders.
Traders can check the stock trading account besides checking the aspects. The broker also offers currency trading.
What is Spread at ZuluTrade?
The spread charges are floating here.
If traders choose a retail account, they need to spread 0.9 pips which are fixed.
If traders choose a definitive history, they don’t need to pay any spreads.
However, even though charges are set, they tend to change depending on the market conditions.
Hence traders need to check the charges before opening an account.
Is ZuluTrade safe for trading?
Yes, ZuluTrade is undoubtedly safe for traders.
Several authorities regulate the broker. The traders don’t need to stress at all as their funds will be secure with the broker.
Hence millions of traders across the globe trust the broker and trade here without any seconds.
Traders can start trading in no time once they follow the login process.
Does ZuluTrade provide Trading Tips?
Yes, ZuluTrade offers trading tips to the traders.
These tips make trading easy for traders.
While investing in the forex instruments, the traders can get some expert assistance.
If traders want to invest on their own, they need to do a lot of research.
These tips are pretty helpful for new traders.
Fill up the Form – Open Forex Trading Account Now!
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