ZuluTrade Review

 Background

ZuluTrade was established in 2007 with the mission of engaging traders to utilize a knowledge sharing strategy for themselves. ZuluTrade serves as an auto trading platform by equipping users with the ability to lift other trader’s transactions to their personal account. Also, the Company has an advanced chat forum where users can see other client’s posts, comments, and feedback.

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The ZuluTrade website allows new brokers to benefit from the experience of professionals and expert traders by providing them with a platform for taking out special trades and get them linked to the user account. ZuluTrade is all about knowledge sharing and information transfer among brokers around the globe by creating a knowledge sharing based environment.

The company is authorized and regulated in both the EU and Japan. The creator of ZuluTrade saw the need for a web platform that could allow for the audit of trades in the global market.

ZuluTrade is in partnership with Formax Group to provide credible and outstanding financial services to its investors. With a vision of becoming the most successful trading hub globally, ZuluTrade offers customer-satisfying service through advanced support, innovation, and transparency.

Features of ZuluTrade

The ZuluRank calculation algorithm is used by ZuluTrade to rank traders based on factors as a period of trading activity, the frequency of logins, how long a trade lasts, signal provider and many more. Signal providers utilize the ZuluTrade platform or MT4 in creating trades. Alternatively, a signal provider is a trader that uses either the live or demo accounts. Trading activities in a signal provider account are reflected in other user’s demo or live accounts as a broadcast signal. Each client’s performance is posted publicly on the ZuluTrade site.

A successful trader will be added to the portfolio of other traders. As part of its policy, ZuluTrade offers signal providers half pip per lot for trades created in the live account. Although the value of half a pip per lot could vary, the amount usually ranges from $3 to $5. The chance of getting a trade is so large because traders are up to 100,000 in 192 countries.

ZuluTrade Automator

Traders can delegate their trading executions to the Automator. The Automator notifies the account holder of latest developments and executes transactions in their behalf.

ZuluGuard

ZuluGuard is featured to protect users from manipulations and unnecessary trade activities. It works by assessing each trader’s actions and sanctions a trader who violates the acceptable trading order.

Other important features include currency calculators, pips, economic calendars and other Forex tools.

ZuluTrade Accounts

ZuluTrade offers two accounts a demo and a live account; both of which clients can make significant gains.

Demo Account

Demo Account offers the best information and experiences any new trader desires in ZuluTrade Platform. The Demo Account is free with the same features of the live account. This affords customers the privilege to experiment on risk-free trades and explore the available settings in the platform to suit them before trying out with real funds. Registering for a demo account is very fast and easy.

Live Account

ZuluTrade stands out among other brokers by supporting over 40 brokers including their inbuilt integrated solution (AAAFx). Although the process of signing up through another broker is tedious, the good thing is that clients can have their accounts linked to the old broker account. ZuluTrade allows its clients select brokers based on deposits, customer, and mobile support etc.

Steps to Registering a Live Account

In compliance with regulations, ZuluTrade ensures that clients pass through necessary steps, checks, and tests as highlighted below;

• Visit the website, click on the register button
• Select live account
• Select new live account
• Chose a brokerage firm
• Indicate your status either as an existing broker or not
• Fill in the form
• Submit a passport and a valid ID
• Take the compliance test

 

While you can access the ZuluTrade platform, you can only begin trading activities when you pass the compliance test. The purpose of the test is to determine the trader’s knowledge base on risk and investments.

 

ZuluTrade Trading Assets

The company boasts of important items with which clients can trade on. These include cryptocurrencies, major, minor and exotic forex pairs, precious metals, stocks, and shares.

 

Trading Platform

The platform offers trades on Forex, commodities, stocks and binary options on the web, iOS, Android, and Blackberry. The Mobile apps come with standard features with the ability to edit, open and close manual trades, automatically monitors and execute trading signals, manually adjust stops and limits etc.

ZuluTrade platform stands out with features that are easy to use and understand for both inexperienced and advanced brokers. In addition to this is the packaged services that consist of Zulu scripts and Zulu API which allows users trade via robots and connect directly to the Zulu programming interface.

ZuluTrade Back Office page offers account administrative tools, risk management report and much more. ZuluTrade partners with over 70 brokers globally.

ZuluTrade Education

Account holders can access the ZuluTrade forum where they can interact with professionals and other experienced brokers. The site offers free videos guides for fresh brokers. The landing page features live charts of top performing brokers, trade wall of top 8 traders and the volume of trade. The website does not have training tools and other materials.

Payment and Withdrawal

Deposit and withdrawal of funds in ZuluTrade are through your personal broker. ZuluTrade redirects all deposits and withdrawal requests on trading account to the client’s brokerage firm for processing.

ZuluTrade Support

The company offers live chat in German, English, Arabic, Chinese, Japanese, French, Italian, Greek, Russian, Portuguese and Spanish from Sunday 21:00 UTC to Friday 21:00 UTC. It also features online, and emails support in all languages. Clients can check for their region’s phone number for a chat with the customer care. Finally, the website has been translated into numerous languages. Thus users can access in over 25 languages.

ZuluTrade believes in bridging the communication gap between the established brokers and the new investors by providing a community where talents can provide insight on best forex strategies.

Advantages

• Very good platform and interface
• Ability to copy other traders
• Rated risk management for new and advanced traders
• Demo account with full features
• Low fees and slippage in AAAFx platform
• Excellent mobile trading platform
• Good choice of brokers implies a choice of currency
• Offers both binary options and Forex
• Low minimum deposit requirement
• The ability of customers to comment directly on signal provider page
• Fully transparent data

 

 

Conclusion

ZuluTrade is a trading platform that allows customers perform trading operations with ease, low initial and running cost. The possibility that anyone can become a signal provider makes the platform attractive but can be difficult copying from professionals. Becoming a long-term investor in ZuluTrade requires basic knowledge of risk and financial management.

Traders are allowed automatic operations whereby trade can be executed with minimum interference by clients. With ZuluTrade, clients can benefit from the quality and transparent trading experience.