ZuluTrade broker review pros and cons 2023 opinions

It is a popular platform and offers trading services with forex, indices, stocks, commodities and cryptocurrencies. It was founded in 2007 and has grown to become one of the most popular trading platforms worldwide. The platform allows users to connect with other traders, view their trades, and even copy their trading strategies. One of the most popular brokers, FxPro has over 800,000 clients worldwide and offers copy-trading on all three major trading platforms. While it no longer offers a dedicated copy-trading service, FxPro does offer copy-trading via signal trading on MT4, MT5 and cTrader. Zulutrade, a third-party copy trading tool that allows traders to choose between 100,000 signal providers from 192 countries.

Opening an MT4, MT5 or cTrader account at FxPro is a simple business and only requires a minimum deposit of 100 USD. Be aware that the cTrader account provides raw spreads but charges a 9 USD commission per lot traded. An Australian ASIC and FCA-regulated ECN broker, Axi offers trading on 140 Forex pairs, precious metals, commodities, indices, and cryptocurrencies. By providing exclusive support for the MT4 platform, Axi offers an innovative and customisable MT4 experience, including a range of tools as part of its NexGen package. These include a sentiment indicator, a correlation trader, an intuitive terminal window, and an automated trade journal. A leading ASIC-regulated ECN/STP broker, Pepperstone offers trading on multiple assets, including Forex, indices, shares, commodities, cryptocurrencies, and indices.

The performance data that ZuluTrade provides is comprehensive, including lots of detailed stats for each signal provider. Making it much easier to pick out the profitable traders to follow. There is also a built in ranking system to help find profitable traders, or they can be sorted using a variety of criteria. Of course you can, but as with any form of investment, there is also the possibility you can lose as well. The benefit of using ZuluTrade is that the chances are better stacked towards a profit, as opposed to trading on your own. And you have ample opportunity to employ a strict risk management strategy.

The factors include their overall https://trading-market.org/, stability, maturity, exposure, and minimum equity required to follow all the trader’s positions. The ranking system is also backed up by the feedback from ZuluTrade’s knowledgeable community. You will not be able to replenish your account with an amount less than the one indicated by the broker. 1 USD without leverage allows you to open deals only on cent accounts.

There are no forex broker reviews or management fees, and Myfxbook provides accurate statistics, allowing traders to quickly analyse and improve their performance. If there is a particular trading instrument that you plan to trade, check that it is offered by the broker on their trading platforms. It is also worth considering what other markets they offer if you plan to branch into other market in the future. You may want to trade forex currencies now but if the broker also offers stocks you will have access to them should you wish. You will find there are brokers who offer a combination of financial instruments.

Step-4. Set your trading strategy on Zulutrade.

Ultimately, the most suitable copy trading platform depends on individual user needs and preferences. EToro’s copy-trading feature is one of its key selling points. The platform allows users to browse and follow other traders based on their performance, risk level, and trading style.

• Since its creation, the broker has expanded and now provides trading opportunities in forex, social trading, and binary options.
• Apart from forex, ThinkAmrkets also offers CFDs of indices, commodities, cryptocurrencies, and stocks.
• Success in social trading mostly comes down to being able to identify and follow the right traders.
• All information on 55brokers.com is only published for general information purposes.

Prior to the explosion in social trading, copy trading was only available via a managed account. Managed accounts required a power of attorney and a large account balance, and so are unpopular amongst typical retail traders. Copy trading, or social trading, on the other hand is considered self-directed by most regulators, as traders who use this function always select the trading system to copy.

Benefits of trading with Tickmill:

The broker buys a license and offers the software to customers for free. Online brokerages should encrypt client’s data using SSL-encryption or the equivalent. You want your data to be stored safely with high security and protection in a worst-case scenario. It is a wise idea to check how long the broker has been providing its services and how proven their track record is. You should read all agreements with a fine-tooth comb as part of the due diligence process.

Consider if they have restrictions on the distance from current price when placing orders. If you plan to hedge, scalp or use automated software, check they allow this. If you pick some Signal Providers, ZuluTrade will convert their advice into live trades in your trading account directly using your broker. Ultimately, the right choice of a broker or platform depends on your trading style, goals, and requirements.

ZuluTrade Brokers List

XStation is a platform for trading on any markets with support for social trading. The platform developer is a liquidity provider and XTB broker. ATAS is an analytical platform designed for scalping, swing trading and high-frequency automated trading in the stock and cryptocurrency markets. The platform supports connection to the Moscow Exchange, Binance, OKX, ByBit cryptocurrency exchanges. CTrader is a professional Forex and stock trading platform created in 2011 by Spotware. The terminal allows for automated trading strategies and is focused on professional trading on ECN accounts.

Founded in 2018, BingX is a crypto social trading exchange that offers both cryptocurrency spot & derivatives trading services. Most copy trading platforms will also display the manager’s investment return, risk profile, length of experience and trading style. It is essential to also examine the manager’s largest drawdown, this the largest single peak to trough decline in the manager’s trading account.

With ZuluTrade, you can download the complete trading history of all the signal providers on the platform. Although eToro has lost this round, they do have a much more ‘social’ network which affords individuals easy communication with each other on the platform. Open trades, test platform tools, study its functionality. Without a platform, you will not be able to make transactions, because the broker you open an account with provides access to global markets. One of the major disadvantages of TradingView is the paid subscription.

best Forex brokers & platforms for ZuluTrade with comparisons

The broker’s own online terminal is adapted to its technical capabilities and often has unique features. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Not all signal providers are trading using their own money, so check each profile very carefully. Not so long ago, ZuluTrade changed the commission structure for signal providers. Now they only get to keep any earned commission if they have had a profitable month.

But for those with some trading experience under their belt, this may prove quite limiting. They both have some advanced features and they also both have their drawbacks. It’s important to remember that those who are newer to trading, in general, may find that eToro’s simple approach works better for them. ZuluTrade appeals mostly to those with a little more trading experience. Overall, ZuluTrade takes the cup because they offer you a lot more control over your money.

What Broker should I use for ZuluTrade?

Server is an automated server part responsible for receiving, processing and further sending client orders to the external market. Being a part of the Data Center, it is the core of the software package. Technical platforms or Web platforms often lack mobile versions. The platform is oversaturated with tools and specific functionality. The cTrader website is constantly updated with APIs, platform applications, indicators, advisors, etc.

The full functionality of the platform in trial mode is available only for the first 14 days after registration with the preservation of a week’s history. The subscription cost is quite high — 720 USD per year, or one-time purchase worth 1099 USD. The cost of updates and applications in case of purchasing a license on the site is not specified.

The responsibility for the subscription lies entirely with the investor. A relatively small number of Forex brokers supporting this platform. The platform is suitable for trading Forex among investors who have experience with simpler terminals. Due to the complexity of the platform and high cost, the most Forex brokers prefer the MetaQuotes license to the terminal. While MT4 is the best for Forex trading, Ninja Trader could be recommended for brokers who specialize in the stock market. The capabilities of the LiteFinance platform, its algorithms, copy trading features and so much more can be found in our detailed reviewUnderstanding the LiteFinance Personal Account.

This tool is customizable to your taste and specific strategies. EToro offers integration with several trading platforms, including MetaTrader 4, allowing users to access a wider range of trading tools and features. EToro maintains an above-average cost structure to compensate for the commission-free trading accounts.

All of these factors combine to make Darwinex an excellent eToro alternative. There is no perfect trading platform and no best Forex broker. Some terminals are tailored for individual markets – Forex, exchange futures. Some serve individual tasks – platforms for beginners, scalping, graphical analysis, social trading. Start by choosing a fx platform for beginners and then improve your skills with more complex tools.

Make sure that the broker supports trading through the required platform. Of the terminals considered in this review, only the LiteFinance platform has a full-fledged mobile version that does not differ from the desktop version. To get started, you can install the application or use it through a browser. The mobile version is fully responsive and runs on any device. The aggregator does not have tools to control the accounts included in the rating.

Get started with this fintech leader today, and join over 20M other users investing in stocks, crypto, and community. One of the unique features of eToro is its copy-trading feature, which allows users to copy the trades of other successful traders. This feature is easy to use and can be accessed from the “Copy People” tab on the main menu. EToro’s user interface is simple and easy to navigate, making it a great platform for beginners. The platform offers a range of trading tools that are easily accessible from the main menu. The best copy trading system will not always be the most profitable.