Zulutrade Review – Know Everything About Zulutrade
Established in 2006 by Leon Yohai, ZuluTrade is a web-based platform that connects the expertise of professional traders with the transaction execution of other traders globally. Since its founding, ZuluTrade has assisted a significant number of traders in taking advantage of the expertise and insights of the top forex traders worldwide. In essence, ZuluTrade makes forex trading more social and cooperative by leveraging the abilities of a small number of educated individuals to help many others succeed. This ZuluTrade review will assess the platform’s services, technology, and benefits and drawbacks of using the company.
Why should you trade with Zulutrade?
High-risk trading is associated with forex trading, and most novices lose money before they even start to learn how to trade the forex market profitably. Narratives of individuals losing all their money in trading accounts in a single night as a result of a significant currency fluctuation are not unusual.
The only practical options available to novice traders prior to the introduction of platforms like ZuluTrade were working with a mentor or entrusting your money to a seasoned money manager in exchange for a commission. However, not everyone has the means to work with a competent forex coach or read a comprehensive Zulutrade review. Furthermore, it can be exceedingly challenging to distinguish between competent and incompetent dealers. It’s okay to hire a money manager, but doing so prevents you from actually learning how to trade FX.
People who find themselves in the aforementioned circumstances stand to gain the most from using services such as ZuluTrade. Zulutrade review shows that users can choose to emulate the trades of the top traders by using ZuluTrade to follow knowledgeable traders from all around the world. As a result, novice traders can watch experienced traders’ trades in real-time and learn from them about forex trading.
What Zulutrade offer?
You may get comprehensive trading statistics of global traders and signal suppliers at ZuluTrade. After examining traders’ historical and present performance, you may choose to entrust ZuluTrade with managing your forex trading by selecting a preferred signal. Your account information is kept confidential throughout the process and is only utilized to execute transactions in accordance with the signal provider’s recommendations.
Each and every Zulutrade signal, as per our Zulutrade review, is traded on a forex account. As a result, you can examine the signal provider’s actual performance rather than just some educated guesswork. If you choose to trade with a specific signal provider, you will observe outcomes that are comparable to those of the signal provider. Because different brokers, platforms, spreads, and other factors vary, the outcomes won’t be precisely the same but will be quite similar.
Platform for Trading ZuluTrade
With a focus on speed, efficiency, and accuracy, ZuluTrade has created its trading platform through thorough consultations with a variety of FX brokers. A web-based platform that functions as an open environment where traders can connect to any trading platform of their choice and exchange knowledge is the end result of their efforts.
To conduct their trading, the signal providers either use their own MetaTrader 4 setup or ZuluTrade’s trading station. The trades made by the signal provider are then duplicated in the accounts of subscribers who have subscribed to that specific signal provider through ZuluTrade. The entire procedure simply takes a few milliseconds, and it is really fast.
The platform of ZuluTrade also use their in-house developed algorithm, ZuluRank, to evaluate the effectiveness of different signal providers. It considers a number of variables, including trading volume, trade drawdown, total profit/loss, signal provider age, trade open time, etc. These criteria are used by ZuluTrade to rank the signal provider, making it even simpler for you to choose a reputable signal provider.
Numerous well-known forex brokers are compatible with the platform of ZuluTrade. If you’re seeking a Zulutrade review and don’t already have an account with a ZuluTrade forex broker, you can do so online from ZuluTrade’s website in a matter of minutes.
Regulation
In the US, ZuluTrade review reveals that it is governed by the Commodity Future Trading Commission (CFTC) and the National Futures Association (NFA). While the CFTC is in charge of NFA’s operations, NFA governs the US futures market. These organizations’ regulation shields people and investors against fraud and scams.
Benefits of ZuluTrade
- You can mimic the transactions of seasoned, experienced traders from all over the world.
- It is possible to gain knowledge from specialists by watching how they trade.
- You may see your investment increase without having to make any difficult trading decisions since you are not required to make any trading decisions.
Issues with ZuluTrade
To use ZuluTrade’s platform, you must open a forex trading account with one of the brokers that work with it.
The Zulutrade review reveals that the platform does not support micro-accounts. The bare minimum required is a micro account with a forex broker that is Zulutrade compliant.
Report complaint against a scam broker
Zulutrade review written here shows that Zulutrade is a genuine trading platform and there are mostly positive reviews on the internet. But still if you feel that you are scammed by Zulutrade or any scam broker , you have the option to get your money back. Report a complaint with Scams Report. We provide a free consultation so that you can understand the process of recovering your lost money.