ZuluTrade Review

Review

ZuluTrade, a Greek fintech company, was founded in 2007 and has grown into one of the dominant players in the social trading sub-sector of the Forex market. The Daily Telegraph named the firm to its Start-Up 100 list in 2011. The company grew to over 120 employees by 2013, expanded into Japan the following year with the acquisition of regulated investment advisor Market Crew Investment Advisor LTD. In 2015 it became a licensed portfolio management company in the EU. ZuluTrade was acquired by Chinese based Formax Group for over $12.4 million, together with Dayo and AAAFX.com, the Greek brokerage owned by ZuluTrade. The company has partnerships with over 64 global brokerages and continues to expand globally. This ZuluTrade review will focus on the social trading offerings of the company, not its brokerage arm.

ZuluTrade homepage

Back to Top

Regulation and Security

ZuluTrade received an EU Portfolio Management License in 2015. The company then created its own brokerage, Triple-A Experts Investment Services SA, which provides services to EU-based traders, and EU headquartered brokers. The company is regulated by the Hellenic Capital Markets Commission (HCMC) under registration number 2/540/17-2-2010. Its Japanese subsidiary is registered with the Kanto Financial Bureau (KFB) as an investment advisor. In the US, it is registered with the Commodity Futures Trading Commission (CFTC) as an IB and a commodity trading advisor. In 2014, the CFTC fined ZuluTrade $150,000, and the firm had to disgorge $80,000 in commissions and fees for failure to comply with the US Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) guidelines.

ZuluTrade regulation

Back to Top

Fees

Since ZuluTrade partners with brokers to provide their services, spreads for the Classic Account differ dependent on the selected broker. The most competitive pricing environment is granted at AAAFX, the brokerage owned by ZuluTrade via Dayo. Within the Profit Sharing Account, traders are charged a monthly fee of $30 plus a 25% performance fee if the account was profitable and exceeded the benchmark, defined as the most significant profit achieved by the signal provider at the end of each month.

Back to Top

What Can I Trade

The asset selection at this social trading platform is entirely dependent on its signal providers. Given the vast partnerships with leading global brokers, traders may have the best overall exposure across sectors through ZuluTrade, including cryptocurrencies, while the Forex market represents the most massive portion of trading strategies.

ZuluTrade fully supports the cryptocurrency market with a growing number of strategies to implement cryptocurrency trades.

ZuluTrade social trading for cryptocurrencies

Back to Top

Account Types

Investors may choose between a Classic Account and a Profit Sharing Account. The Classic account consists of higher spreads to compensate traders as well as ZuluTrade. The Profit Sharing Account displays a fixed cost of $30 per month plus a 25% performance fee if conditions are met. Due to the fixed fee, this is suitable for more massive portfolios. Traders, the signal providers investors will follow, are treated to identical conditions with volume-based compensation.

Traders at ZuluTrade receive volume-based compensation, equal to $5 per $100K traded.

Trader compensation for signals

Back to Top

Trading Platforms

ZuluTrade doesn’t provide a trading platform. Investors will connect their MT4 trading accounts to their ZuluTrade account. It does provide full statistics of all traders, ranks their performance, and grants a risk assessment. Investors will have full access to all relevant information and portfolio management tools from the back-office, mobile versions are equally available.

Full statistics are provided on all traders, allowing investors to make the proper decisions.

How ZuluTrade works

A mobile version is available, making portfolio management more convenient.

Social Trading Platforms

Back to Top

Unique Features

Investors are provided with four unique features developed to maximize profitability, enhance security, simulate portfolios, and receive tailored portfolios selected by ZuluTrade’s professionals. The combination of the auxiliary services is one critical reason this company established itself as a prime source within the social trading scene, continuously extending its reach.

Automator provides investors the ability to create rules and automate their trading approach.

Let ZuluTrade automate your trades

ZuluGuard protects portfolios from unexpected swings in traders' performances and automatically disable it from providing signals.

Account protection

The Simulator will give investors an overview of past performances for a better understanding of what to expect.

Trade simulator

Traders Combos, the managed trading services provided by ZuluTrade, enhances diversification, and risk reduction in portfolios.

Combine different trading strategies together

Back to Top

Research and Education

ZuluTrade operates a blog where it covers macro-economic events, but neither research nor education is provided. The blog is updated frequently and adds value to the core services of this company. ZuluTrade does rank traders based on return on investment (ROI) and risk behavior. Four calculators are provided, offering investors the opportunity to compute pip values, margins, and profits, while a currency converter is equally available. Social Charts allows traders and investors to share ideas, providing analytics within the community.

Four calculators are listed, allowing investors to compute key metrics.

ZuluTrade pip calculator

ZuluTrade hosts a blog where macro-economic events are covered.

Market research

Social Charts provide the community to share ideas and provide analytics to each other.

Connect with other traders at ZuluTrade

Back to Top

Customer Support

Multi-lingual customer support is available 24/5 via e-mail, phone, or live chat. According to the latest available figures that we discovered during this ZuluTrade review, roughly one-third of ZuluTrade employees staff support roles within the company. The Help Center attempts to answer the most common questions.

ZuluTrade customer support

Back to Top

Bonuses and Promotions

ZuluTrade neither provides bonuses nor promotions.

Back to Top

Opening an Account

A quick online application form processes new account applications. ZuluTrade also provides the option to complete this process via a Facebook or Google account. A verified MT4 trading account with a participating brokerage is required.

ZuluTrade Open Account

Back to Top

Deposits and Withdrawals

Deposit and withdrawal options are entirely dependent on the brokerage the investor or traders uses. ZuluTrade doesn't facilitate the processing of payments.

Back to Top

General Information

Company Information

  • Headquarter : Greece
  • Regulation :

Account Information

  • Type of Broker : 35,38,139
  • U.S. Clients Allowed :
  • Minimum Deposit : Broker Dependent
  • Maximum Leverage : Broker Dependent
  • Commissions / Spreads : Both
  • Account 1 : Classic
  • Account 2 : Profit-Sharing
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Web-based
    • Platform Languages :
      • English
      • Hungarian
      • Polish
      • Bahasa
      • Thai
      • Malay
      • Greek
      • Dutch
      • Portuguese
      • Russian
      • Chinese
      • Japanese
      • German
      • French
      • Italian
      • Arabic
      • Spanish
      • Other
    • OS Compatibility :
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Malay
      • Thai
      • Bahasa
      • Swedish
      • Polish
      • Hungarian
      • Other
      • Finnish
      • Norwegian
      • Greek
      • Dutch
      • Portuguese
      • Spanish
      • Arabic
      • Italian
      • French
      • Turkish
      • German
      • Japanese
      • Chinese
      • Russian
      • Danish
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Easy to learn system
  • Great tool for new traders
  • Excellent mobile trading options
  • Only One Trading Account
  • Works best with their own brokerage

Back to Top

FAQ

Can you make money with ZuluTrade?

The company offers traders volume-based compensation, acting as a liquidity provider, and introducing broker.

Is ZuluTrade regulated?

Triple-A Experts Investment Services SA, ZuluTrade’s EU operations, received an EU Portfolio Management License in 2015. It is regulated by the Hellenic Capital Markets Commission (HCMC) under registration number 2/540/17-2-2010. In Japan, it is registered with the Kanto Financial Bureau (KFB) as an investment advisor. In the US, it is registered with the Commodity Futures Trading Commission (CFTC) as an IB and a commodity trading advisor.

How do you use ZuluTrade?

Investors and traders require an MT4 account with a partner brokerage, which is then linked with a ZuluTrade account. Following the initial set-up, ZuluTrade handles the entire operations automatically.

How much do signal providers earn?

ZuluTrade compensates its traders up to $5 per $100K traded or $5 per standard Forex lot.

Who is the best Forex signal provider?

A complete list with performance rankings, as well as, key statistics are maintained by ZuluTrade.

Back to Top

Summary

ZuluTrade is a well-established, properly regulated social trading platform. Investors who prefer following trading strategies should definitely consider ZuluTrade as a frontrunner. The vast partnerships with global brokerages grant maximum cross-asset exposure and strategy diversification. The cost-structure in the profit-sharing account may be too steep for many retail traders to bear, which is our most significant area of concern.

Traders Combos is one of the most appealing services provided by ZuluTrade, while three distinct features further enhance and protect investors. Since its acquisition by the Chinese based Formax Group, inspired by their quest to obtain the patents and technology powering ZuluTrade, it is changing into a fintech firm expanding in cryptocurrencies. Social traders will be well-served at this firm, while traders with successful strategies may boost their income through the volume-based compensation plan.

Back to Top

Broker Comparison

eToro vs. ZuluTrade

Back to Top

User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.



26 User Reviews
pro567

Awesome copytrading service. What I really like is zuluguard. It saved me once when signals provider decided to try a new strategy. Zuluguard recognized this and warned me. A very useful feature for investors with no time to trade daily ;)

Dtraderru

Very user friendly forex enviroment. Its very easy to get used to it and start trading with the help of other forex traders. It must be the busiest online forex community that i;ve found on web while searching for free trading signals. Good and professional company.

Ds

I've user zulutrade for over a year now and my overall verdict would be : It actually works! It took me some time before i managed to create a stable portofolio with over 7 traders inside , when i had loses i always had other providers compensating these losses and adding profit as well.

Frex

Once i started it using it i became a little obsessed with trading and forex in general. Its a very inovative way of making money and more importantly , it works.

alberthos

Very nice and transparent service. Everything is available in zulu for a user to find good traders. Me and my brother are making money every month and thats why i came here to write a good review , good services must be rated accordingly.

7646282

if you want to be a signal provider, beware because if they dont wantthey do not pay - and make you all kind of trics

Setcah

Nice looking platform , first i tried their demo account for 20 days and then i opened a live account to try my luck with small amount of money. I really love the ability to fully customize my account , setting risk limits , stop loss targets. You feel really in control there. The only thing that bothers me is their slippage with my broker. I recommend it to anyone willing to test their luck in Forex market.

tpatrick74

Great service , my business partner showed me zulutrade and since then I’m pretty hooked. It takes time to find the best provider for you , but afterwards you will be greatly rewarded. Highly recommended.

aprancan

zulu trade- profitable only when trust to reliable SP I found one- called like - ap-zulu
I think it will come to top because it made a lot of pips per day instead of other provider .

Dianna

Dudes the best invention after peanut butter seriously seems to be Zulutrade!!! You can follow, copy other followers or trade yourself separately or in combination of the three. Though providers sometimes get a bit shaky and get off track but overall the system can get you some returns.

antonio

Ciao ragazzi!! If Zulutrade does not exist, I dont know how to trade forex. It makes me small gains every day but I happy with this:) Un fantastico sistema!!!

G.Travers

New updates are very useful. There is also a new option that came out today - open trade chart with the numbers of open trades per day. Above the number pops up a window with info on the amount of daily profit with the corresponding date and number of open trades. The stat goes back from the beginning of the trading history of the provider showing each time the provider opened a trade.

GUSg

Zulutrade is constantly upgrading. From this week live accounts are getting daily reports; providers are analyzed deeper with three new performance indications – weekly best/worst trade; ranking history chart and max open trades.

GLamont

I am very satisfied with the platform and the customer support. Besides all the great features like - tradewall, performance indicators, there is also the little bomb thing that indicates how long is each provider in the system and what accounts s/he has managed;risk apetite; the portfolio they have, etc. However, what I like the most is that we get this type of high leverage ;)

apaipi22

I am also using Zulutrade and am pretty much satisfied with the platform. Yes FX is risky, but somewhat zulutrade manages to combine and measures this risk via the rank it provides prior to each provider - this way you know the maturity (how long s/he has been trading), risk appetite and exposure, variation drowndown....not bad to have all in one number, eh ;)

lm26172

I love Zuluttade!! IT is so easy to use, and you don't really need to be a financial guru to use it. Moreover, the providers are more than enough to gain this extra cash. I really like the like the margin meter. Everytime indicates me where not to go. I have tried it with high % and with low and needless to say when % was too high I was loosing cash...I do not understand all the math and problems you are discussing above, but I am pretty satisfied with the indication. ALso it is great info of the risk appetite of the provider

FXeria

Zulutrade is really an innovative platform, offering both to inexperienced and experienced traders-wanna-be an easy access to forex. I have tried the demo and auto-trading mode - both have suited me my urge to earn some extra cash with limited capital and limited losses. Great customer support as well!

Olga

What I like the most in zulutrade is that they make constantly new additions to their platform and their services. Have noticed their latest automatic allocation mode which automatically allocates number of lots to added providers. Especially for beginners I believe it is a very helpful service.

Mathias

Autotrading platforms offer us the possibility to choose as many signal providers as we want (or our capital can stand :) and set for them different number of lots and trades. I have account in zulu. It is a matter of time to end up with a successful portfolio and a strategy that it really brings profit.

andy

Very good signal service, the leader in the market! I like the latest changes, like the alchemy and the improved ranking, along with the advanced search. They also added more broker so you have a wider choice. There is also an iphone/ipad application available so you dont need to be infront of a PC all the time.

john

Without Zulutrade, I could not trade forex on my own. In the past I have followed some bad signal providers but now I have learned from my mistakes and I can recognize a bad strategy of a system.

fxuk

zulutrade has done major changes! added alchemy, where you can copy a live account's provider portfolio removed invalid performance stats, so ranking its at its best added more brokers changed the provider agreement, so reckless trading means no payment!

Alexandr

If you do the right research and use the correct settings, zulutrade is the best signal service out there!

ernest

I think zulutrade is the best choice among autotrading platforms and for those starting at forex. Its difference is the ease of use and the reliability of the signal providers!

Chris

Agreed with Townjet from Zulutrade-Top - Zulutrade is a minefield and you have to be very careful picking providers. Do your homework and read the available blogs out there. http://zulumon.blogspot.com/

JT

Zulutrade "can" be good place to have someone send signals to your account. But there is a catch. You really need to investigate a signal provider before you use them. And even after investigation you never know when they may just change what they are doing. One thing I always tell people about Zulutrade is "These signal providers have a way to make money in the Forex market without taking any risk." They get .5 of a pip per lot you trade with them regardless if they make you money or not. Granted it is in their best interest to keep you as a customer. Zulutrade is not about the method or currency pair a signal provider uses, it is about their money management. Drawdown on a trade, how many trades they open up at a time, if they use a stop loss, etc. (P.S. always us a safe stop loss on Zulutrade). Visit my Blog for some ideas I look at when evaluating a signal provider. http://zulutrade-top.blogspot.com/

Comments
Add Comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Back to Top