ZuluTrade – Forex Broker Review And Feedback-Social trading feature

It is headquartered in Piraeus, Greece, with a presence in over 150 countries, over 90,000 vetted traders, 1.5 million registered users, and 60 brokers available. According to Zulu, it has the largest copy-trading community in the world.

Users can choose between a demo account and a real account. There are two groups: vetted traders who share their trades for others to copy, and investors who copy the works to stay profitable.

Zulu has a plethora of features, notably including a tool called “Automator” which executes trades under certain conditions; Social network features which the sense of community between users and traders; a forum and comment section; and a vital feature called “Lock Trade”that is used to confirm the execution of an order.

Another significant part of Zulu is that you can directly link their trading account to MetaTrader (MT4 & MT5) app without hassle however not all broker support MetaTrader like Tradeo. It can be connected to the live account or a Demo account where you learn and practice before delving into the actual trades. Another terminal you can link your Zulu to is the ZTP.

In addition to this, ZuluTrade ensures the inclusion of a Secure Socket Layer (SSL) encryption technology to protect the information submitted. There’s an additional layer of security for you, including firewalls, authentication systems and access control mechanisms, and it helps prevent unauthorized access into systems and users’ data.

However, be aware that ZuluTrade might disclose and share users’ personal information with affiliates. This information might include your name, address, account information, etc. ZuluTrade never discloses or shares users’ information with non-affiliates of ZuluTrades.

In some instances, data is disclosed to fulfill a specific action. Your data may be shared among third parties helping ZuluTrade provide service to you. Beyond this, ZuluTrade doesn’t sell users’ personal information.

The ZuluGuard™ is another critical feature for ensuring your funds are secure by minimizing possible losses and maximizing asset security. ZuluGuard™ comes into play by serving as a safety net for traders. It works by stepping in for trades when there’s a significant and noticeable change in the trader’s preference. This monitoring process is done every second, even when a user isn’t active at all.

In Europe, it’s regulated by Hellenic Capital Market Commission (HCMC) and in Japan, by General Japan Investment Advisers Association. These licenses show ZuluTrade complies with the regulations to promote transparency and reassure customers of its legitimacy.

The content formats are different, including guides, tips, blogs, articles and videos. The resources cover the technical aspects of trading, like volume based analysis, wedge, Everest pattern, and other trends and nontechnical aspects of trading, like how to set up an account on Zulutrade.

What makes ZuluTrade stand out is that there are different languages for you to choose from, depending on your choice and preference. Currently, an impressive 26 languages are on the ZuluTrade site.

The addition of a demo account demonstrates how robust and comprehensive ZuluTrade is. A demo account gives you the opportunity to practice trading ideas and strategies before heading out to trade on a live account.

ZuluTrade requires a minimum of $100 deposit to be connected; beyond that, the minimum deposit required is subject to the broker you use. FXVIEW requires a $100 deposit, AAAFx requires $300, AXI requires $200, Royal it’s $250, and SWISSQUOTE requires a $2000 minimum deposit. Some brokers charge a deposit fee; verifying whether your desired broker has a fee is advisable.

There are different deposit options available as well. You can use a bank transfer, credit or debit card, or e-Wallets such as Skrill or Neteller. For withdrawal, the process is similar to depositing; the same method used above can be applied. As with deposits, checking if your broker charges a withdrawal fee is essential.

Is ZuluTrade A Reliable Social Trading Platform?

ZuluTrade earns the spot as a reliable social trading platform. It currently serves over 1.5 million users and 90,000 traders in 150 countries — and has been doing so for over 15 years. It has the largest copy-trading community globally, which shows the height of customer satisfaction since its inception. ZuluTrade is unarguably one of the most reliable social trading platforms.

How Do I Sign Up to Be a Trader or Affiliate on ZuluTrade?

Signing up as either an affiliate or a trader, you’re required to visit the affiliate and trader program located at the bottom right of the registration page of the ZuluTrades website. Once found, follow the prompts, and you’re on your way to approval.

Final Thoughts

If you’re using a social trading app such as Zulu, it’s more like taking the back seat while you give control to the trader providing you signals. Regardless of how thrilling it might be, you still must conduct research into the actual trader’s experience and perform constant performance checks to shield you from unfortunate losses.

Also, copy trading isn’t a ride without bumps; expect to incur losses, but ensure they don’t outweigh your profits. ZuluTrade has consistently maintained a top spot among the best copy and social trading apps for decades. However, like all apps it has its cons. ZuluTrade has made it a priority to continually update its app’s performance to provide a more comfortable user experience.

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