Cryptocurrency

ZuluTrade Review 2022

ZuluTrade review : The online trading industry is full of online trading brokerages; it can be hard to know which one is right for you. Well, there are many options that work, but not all of them fit your particular trading style or needs. There are also many fraudulent or malicious vendors who work with them. Therefore, it is very important to use your diligence and find and research the best trading traders available. Fortunately, we have made an in-depth review of the popular ZuluTrade trading platform. Find out if ZuluTrade is right for you, as we reveal all the features of this trading brokerage and see what makes them different from the competition.

  1. Company Information

ZuluTrade is a unique and innovative online trading platform that brings together traders from more than 50 brokers in one single-place ZuluTrade. It allows traders to connect and copy all their trades automatically in a safe and secure environment. ZuluTrade was founded in 2007 by Leon Yohai, who had the vision of building a web-based platform that could connect traders, enabling them to share their strategies while simultaneously exploring retailers around the world. Therefore, ZuluTrade is not your traditional trading brokerage as it is primarily a platform for traders to interact and copy.

The ZuluTrade forum is managed in two control areas; Greece’s Hellenic Capital Market Commission (HCMC) and the Japans Financial Services Agency (FSA). Also, they have obtained a Portfolio Management License from the European Union and have partnered with more than 50 online trading brokerages, many of which are regulated by regulatory agencies from around the world. In addition to being a highly regulated investment service, ZuluTrade also won various awards for its expertise in copywriting services and customer service. Today the company continues to innovate and strives to achieve its goal of becoming the world’s largest financial community in order to provide customer-focused investment solutions and the world’s largest social enterprise.

  1. Advantages and Disadvantages

ZuluTrade is a complex trading platform that provides insight into other traders’ strategies and the opportunity to profit from them. With a unique and detailed platform like this, there will be a variety of pros and cons. See what defines this forum for the pros and cons listed below.

Traders Given Insights: Traders are given an astonishing amount of understanding of the movements and strategies of other traders. By doing this it allows both parties (fans and traders) to make a profit.

Functional Social Feature: Traders are busy communicating with forums, ideas, and profiles. This creates an engaging and active community with a flow of information and knowledge.

Excellent User Interface: ZuluTrade has a clean interface design and operating system that allows everything to be easily understood for the best user experience.

Low Entry Fee: Accounts can be opened for a minimum entry fee of $ 300. This is much lower than many other public trading platforms.

Success is Not Guaranteed: There is no guarantee that the traders you follow will succeed. Anyone can be a signal provider, and it is up to the trader to do a thorough research on who to copy.

Copying Takes a Habit: In addition to the first point, some branding providers may or may not spend their money on commercials. For this reason, you want to keep an eye on the actions of the sellers you follow, until you find the right ones – this comes with experience.

Poor Traders: There may be many less experienced traders using the ZuluTrade network. These traders should be avoided, even if they are hot-tempered and do well.

  1. Trading Conditions

ZuluTrade operates in a very interesting way where ZuluTrade users follow and copy signal providers who are members of ZuluTrade but trade with 1 in 50+ online traders. All trades made by the ZuluTrade signal provider are broadcast on the ZuluTrade platform and made available for all to see. If the signal provider is always making a profitable trade, many ZuluTrade users will follow and copy what will be the reward of the signal provider and copyist. For every trade a signal provider makes that copy to a live ZuluTrade account, the signal provider will receive half a pipeline per lot, valued at $ 4 per trade.

Meanwhile, the copyist will receive or lose a limited amount of money invested in the trade. The publisher can choose who he wants to copy, and he can choose from over 100,000 merchants from over 190 countries. When copying a trader, the process can be done automatically so that the trader never misses a trade. Also, ZuluTrade users who copy traders are protected by the ZuluGuard feature which monitors the behavior of each trader and automatically removes them from the next one if their strategy or trading becomes worse. This prevents copyists from losing all their money from a good trafficker. Overall, trading conditions are excellent in the sense that they work to increase profits and reduce losses.

  1. Trading Platform

ZuluTrade integrates their web-based trading platform they call the “Full Pack Complete Trading Platform”. This forum includes advanced features such as a complete chart package, advanced automated trading skills, Zulu documentation that allows traders to use trading bots, and a Zulu trading API to integrate a highly informal trading platform. These features are highly developed and well-regarded by some of the most sophisticated traders in the industry, but the platform is also highly compatible with beginner retailers. The user interface is well-designed and very easy to use, allowing beginners to easily manage their portfolio and track and copy the best and most consistent traders.

  1. Mobile Trading

ZuluTrade platform is fully compatible with all mobile devices. The platform includes fully enhanced functionality but the same features to allow for seamless mobile experience. Traders can manage and manage their portfolio anywhere at any time.

  1. Demo Account

ZuluTrade features a fully live and free demo account that allows traders to explore the arena for real money and copy real traders, as they would with a real account. The demo account provides newcomers with $ 100,000 in real money to play with to fully understand their system and how ZuluTrade services works before investing real money. The ZuluTrade demo account is one of the most impressive we’ve ever seen.

Before risking money in live markets aspiring traders would practice on paper. A paper trading is a simulated trade that allows an investor to practice buying and selling without risking real money.

  1. Types of accounts

ZuluTrade offers two very different account types for the services it provides. The options are straightforward and will be obvious to the user when registering. See account types below.

Classic

This account is strictly aimed at advanced users as it is a signal provider account, which means your trading will be broadcast to the entire ZuluTrade community for you to see, follow, and copy. Traders with this account can make a profit on both volume-based commissions and custom copy trades.

Profit Sharing

This account is recommended for beginners as you do not own any transactions on this account, but instead read and copy from other merchants.

  1. Opening an Account

Creating a Profit Sharing Account with ZuluTrade is simple and easy. Requirements for the user are simple information such as name, email, phone number, location, basic currency, and a minimum deposit of $ 300.

On the other hand, opening an Old Account to become a signal provider is a bit complicated. Not everyone can open an account and become a signal provider. To become a signal provider, traders must trade on ZuluTrade for at least 12 weeks, maintain a maximum pull of less than 30%, and trade at an average of 3 pips or more per trade. If these conditions are met, the trader in the Old Account can become a signal provider.

  1. Withdrawal of Funds

ZuluTrade users can withdraw money from their accounts through three payment methods namely PayPal, Bank Wire Transfer, and ZuluTrade MasterCard. This is a limited number of payment options compared to many other online trading platforms and fees are very high. For example;

  1. When issuing up to $ 500 per PayPal merchant is charged $ 20 and when withdrawing more than $ 500 via PayPal, merchants must pay $ 20 plus 3.9%.
  2. If you withdraw using Wire Transfer outside the U.S. there is a charge of $ 45
  3. Withdrawals via ZuluTrade MasterCard are $ 20
  4. Trader training

ZuluTrade does not have a full-fledged educational institution like most online trading brokers, but it does provide some useful resources. For example, traders can watch a few introductory videos that serve as a guide for training various aspects of the ZuluTrade area. Also, users can view the ZuluTrade blog and interact with traders on social media platforms using forums and more. Also, users can find useful information in the FAQ section as well as the user guide section on the website. If you are a new trader and you don’t know how to use the level then it is time to start learning support and resistance indicators.

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