- Headquarter : United States
- Regulation : None
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
ZuluTrade, founded in 2007, was created in order to enable traders to share their knowledge with people interested in their strategies. In the strictest sense, ZuluTrade is considered a Forex autotrading platform, as it allows traders to automatically copy the trades of others into their own trading platform. Many also consider it a social trading platform, however, because traders can leave comments and feedback and see live feeds of other traders' activities.
The ZuluTrade platform bridges the gap between new traders and the advice of some of the most professional and talented traders globally and provides traders at all levels with the ability and ease of copying selected trades and having them sent directly to the broker accounts of the interested parties. The concept of ZuluTrade is to offer an open environment through which traders all over the world can connect with any trading platform and share their knowledge.
ZuluTrade uses the ZuluRank calculation which is a proprietary algorithm that ranks a trader by analyzing different factors such as the amount of trading activity, how often the trader logs in, the age of the signal provider, the amount of time a trade stays open, the sharp ratio, and many other factors.
Here’s how it works: Signal providers use ZuluTrade's trading station to create a trade or it can be done through their MT4 trading station. A signal provider is actually a ZuluTrade user, who trades either on a Demo or Live account. Each trading action performed in the provider’s account is sent to all ZuluTrade Demo and Live accounts in the form of a broadcast signal. While this is taking place, ZuluTrade publishes his/her results and statistics publicly through the website.
If a signal provider’s traders are consistently profitable, then more and more Zulutraders will add him in their portfolio. For every trade generated in a live account, ZuluTrade pays signal providers half a pip per lot. Half a pip usually varies due to currency fluctuations, but the weighted average could be around 4 dollars per trade per standard lot.
Traders can choose among 100.000 traders from 192 countries.
The Automator offers traders the ability to execute trades anytime of the day from anywhere by watching and notifying them when things happen and will automatically execute actions they would otherwise do themselves.
ZuluGuard is an account protection feature that monitors each trader's behavior and automatically removes a bad trader when a radical trading strategy is detected. Please keep in mind that you can consider and manually set the ZuluGuard protection later at the Advanced Mode / Settings page of your account.
The ZuluTrade patented technology services two types of traders at the same time. Professional traders who want to prove their trading systems and build a client base will continue to monitor the market and place their trades in the standard manner. But it offers automatic trading for the trader who wants to be able to trade and sleep at the same time.
Some additional features offered by ZuluTrade include an economic calendar, Forex tools such as pip, margin, profit and currency calculators.
There is only one account at ZuluTrade and the minimum deposit required is $500.
The ZuluTrade platform offers trading in Forex, stocks, indices, commodities, and binary options. Respectable mobile apps for all major mobile platforms such as iOS, Android, Windows, Blackberry, and Kindle Fire offer full functionality and the ability to be in control of an account anywhere, anytime.
Zulutrade offers traders the “Full Pack Complete Trading Platform” which consists of several trading features. The Front Terminal offers a simple and user friendly manual trading interface featuring advanced charting capabilities, unique auto-trading features, Zulu scripts which enable traders to use their own robots, Zulu Trade Trading API that allows traders to connect to their own programming environment directly with their ZuluTrade account. It is supported in 28 different languages.
ZuluTrade Full Pack Platform
The Back Office Terminal offers a full backoffice, risk management and administrative tools for account management, risk management rules, reporting and all administrator needs.
Next in line is the Open API where traders are allowed to automate all back-office operations, liquidity and price feeds are available.
The last page, the All-in-One page, offers a fully hosted trading platform with superior execution.
In total, the full pack solution utilizes ZuluTrade’s vast auto-trading experience and its back-end engine is fully integrated to the trading server minimizing execution latency.
More than 70 brokers worldwide use ZuluTrade’s cutting-edge technology.
ZuluTrade traders can participate in the broker’s forum which is easily accessible and is kept up to date.
There are also several introductory trading guides presented as animated videos.
The landing page at ZuluTrade provides several interesting charts: The performance of the top eight traders according to followers, the total performance of the top traders and a Trade Wall with specific traders currently trading and the data of their trades.
Multilingual Live Chat is available at ZuluTrade from Sunday evening through Friday evening. There is also email support and phone support to 10 different countries as well as a 24-hour hotline. The website can be assessed in over 25 different languages and there is also an online form for sending feedback.
All in all, I found the ZuluTrade.com website to be user-friendly, informative and easily navigated. The broker offers a service to traders that differs from most other Forex brokers and this is what make it a popular choice for both beginners and advanced traders. It should be noted that the service works best with AAAFx, the company’s own brokerage, which can be a good option for traders who aren’t yet committed to a specific Forex broker.Back to Top
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