ZuluTrade Review

ZuluTrade
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Overview

Zulutrade company information One of the oldest and most famous providers of social trading and signal providers is ZuluTrade. The auto trading and social trading service works similar to XM’s… more

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Details

Broker ZuluTrade
Website URL www.zulutrade.com
Founded 2007
Headquarters United States 1000 N West Street, Wilmington, Delaware DE 19801
Support Number United Kingdom, London +44-20-33558805 Deutschland, Frankfurt +49-69-2551-14435 Russia, Moscow +7-499-9187378 Spain, Madrid +34-911-877655 Greece, Athens +30-213-0176-397 United States, New York +1-917-6282237 Mexico, Mexico City +52-55-41708137 Colombia, Cali +57-2-8912645 Japan, Tokyo +81-3-45888774 China, Beijing +86-10-84181720 Australia, Melbourne +61-39-0084202 Central Support Hotline +30-213-0176-399
Support Types Email support: support@zulutrade.com, Live Chat 24/7, by phone
Languages English, Chinese, Arabic, Greek, Portuguese, Spanish, Finnish, Korean, Vietnamese, French, German, Polish, Danish, Norwegian, Swedish
Trading Platform iPad & iPhone, Android App + Widget, Windows Phone, Blackberry Playbook & Z10 App, Desktop Widget, MetaTrader 4
Minimum 1st Deposit $200
Minimum Account Size $200
Minimum Trade Amount $5
Maximum Trade Amount $20,000
Bonus no bonus
Payout within 5 business days
Leverage Same leverage connected broker(s) offer
Spread as low as 0.1 to 0.3 pips apart from spread your connected broker(s) charge
Free Demo Account Open Demo
Regulated Yes
Regulation ZuluTrade is regulated by CySEC
Fees Yes
Fee Info ZuluTrade doesn't charge any commissions or fees
Commissions Yes
Commission Info ZuluTrade doesn't charge any commissions or fees
Deposit Methods wire transfer, Neteller, Paypal, Creditcards, iDEAL, Sofort, GiroPay, Paysafecard,Ukash, local payment options
Withdrawal Methods wire transfer, Neteller, Paypal, Creditcards, iDEAL, Sofort, GiroPay, Paysafecard,Ukash, local payment options
Trading Methods scalping, hedging, stopp-loss orders, OCO orders
Number of Assets 10000+
Types of Assets Trade any asset available trough the broker connected to ZuluTrade
Trading Currency You can trade any currency using ZuluTrade that the broker(s) connected to ZuluTrade offer
Account Currency You can set your account currency in any major currency
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.4

Full Review

Zulutrade company information

One of the oldest and most famous providers of social trading and signal providers is ZuluTrade. The auto trading and social trading service works similar to XM’s Mirror Trader and Markets.com SIRIX social trading and enables (professional) traders to marginally follow other traders in their investments using social trading as a way of making of money on the stock market. In comparison to most social trading services ZuluTrade is market leader and its trading platform has way more features compared to other social trading brokers. Traders have the possibility to get paid commissions by ZuluTrade by becoming signal provider themselves. Other traders then follow your transactions and you earn a commission for each opened ‘followed’ trade.

Zulutrade trading platforms

Zulutrade+

On Zulutrade+ signal providers have access to a complete trading station with user interface that displays technical analysis, dynamic chartings and indicators. Also, traders can create their own trading robots using ZuluScripts. In detail the trading platform provides candlesticks, OHLC, lines and a wide variety of indicators: trend, oscillators, volatility, volumes, Bill Williams, etc. An extern platform isn’t necessary. Because the trading platform is completely web-based it’s protected against connection problems and this way Expert Advisors can run without interruptions without VPS. More information on ZuluScripts you can find here.

ZuluTrade Classic

The signal provider account comes with a built-in web trading platform which you can find under the ‘trade’ tab. It is possible to open traders, watch open orders and positions and set Stop and Limit values.

ActTrader™

The ActTrader platform contains many features. A few examples are a fully customizable layout, economic news monitor, professional charts with built-in indicators like drawing tools, linked objects, fibonnaci tools and the possibility to trade straight of the chart. ActFX programming language is simple to understand and can be used to create own strategies and indicators. Visual algorithmic trading is possible without line code writing and there is a buil-in app store available to buy ready-to-go strategies, indicators and other apps. The ActTrader is useable in web browser, on your iOS and Android smartphone and/or tablet device. It is possible to track all your trades in your ZuluTrade trader account.

On the ZuluTrade+ account, ZuluTrade Classic account and via the ActTrader you can use the ZuluTrading API. ZuluTrade offers its own REST API which enables providers to request direct trade requests in their own program. In other words, instead of logging in all the time on your signal provider to manually open, close and manage trades, traders can set their own algorithms to make the program do this for them. However, basic programming language is needed, there is a step-by-step manual available where you can read and learn how to set up your very own ZuluTrading API.

Meta Trader 4 Platform

It is possible to attach a external live or demo MT4 platform to your signal provider account. In this case the signal provider account becomes read-only and all trading activity from the MT4 account gets copied to the ZuluTrade account. The list of available brokers to be attached to the signal trader account can be found by clicking the ‘settings’ tab in your signal provider account or by contacting customer service support.

ZuluTrade VPS Hosting

ZuluTrade offers providers using MT4 the opportunity to host their trading strategy for free on ZuluTrade’s own VPS service. ZuluTrade supports over 60 brokers and it is not necessary to download any other trading software. The MT4 client of choice will be pre-installed on your personal VPS account, which you can reach using any internet browser. The ZuluTrade VPS hosting service is only available for signal providers that trade using MT4 terminals, there is limited VPS hosting space, so traders have to lookout for the ‘connect to my VPS’ button under the setting tabs to check availability. ZuluTrade VPS is a premium service so there is a fair use policy in play; if it detects any abuse of the VPS service, it will shut down immediately. ZuluTrade sees the following as abuse: malafide intentions, minimal or excessive use, third party software usage clashing with the operating system, usage of multiple MT4 clients, and the use of Expert Advisors outside ZuluTrade. There is a strict limit of 1 ZuluTrade VPS hosting account per person.

ZuluTrade review conclusion

For traders that use automated software and signal providers ZuluTrade is absolutely worth looking at. With it’s gigantic customer base and well known reputation amongst auto trading and social trading software providers ZuluTrade is market leader in auto trading and social trading. However some features require programming language to utilize, one can easily learn how to set up reading the step-by-step walkthroughs provided on the ZuluTrade website and elsewhere on the web. It’s also possible to buy certain auto trading scripts to avoid the hassle of writing one yourself.

✓ Connect ZuluTrade to any MetaTrader 4 account

✓ Design your own Expert Advisors using ZuluScripts

✓ Set up your own trading API’s – no more hassle switching screens

✓ Write your own trading strategies and sell them

✓ Get started from as low as $200

Visit ZuluTrade website

Pros

  • Connect ZuluTrade to any MetaTrader 4 account
  • Design your own Expert Advisors using ZuluScripts
  • Set up your own trading API’s - no more hassle switching screens
  • Write your own trading strategies and sell them
  • Get started from as low as $200

Reviews

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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