29 Jun ZuluTrade review: Is it a legit or scam copy & social trading platform?

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• Although copy trading forex is excellent for novices as it doesn’t require trading skills, it’s still good to rely on support when a problem arises.
• OctaFX trading platform is well designed, intuitive, and easy to use with excellent educational materials.
• Since you can trade with brokers from all over the planet, time zones can make communication between trader and broker difficult.
• Since ZuluTrade does not accept deposits, the minimum is broker dependent.
• The next thing to do is connect your account with MyFxBook AutoTrade, and you are ready to copy trade.

This, however, does not influence the evaluations in our reviews. If you like , you may communicate your suggestion to your broker. Once the broker addresses this request to us, we will arrange the integration. I would also like to see a wider range of brokers that you can use for signal provider.

# Etoro

As a trader we must use the data that zulutrade provides and analyse to find the best trader to follow. The data provided is good but I would like to see an improvement in the xcritical algo that ranks the traders. Some of them are clear martingale traders and that will catch out newbies.

Try and find one that makes a profit on average before you copy them. Traders could copy signal providers who don’t make high returns. Most platforms allow users access to trade history to try and mitigate this. ZuluTrade features a fully live and free demo account which allows traders to test drive the platform with virtual money and copy real traders, just as they would with a real account. The ZuluTrade demo account is one of the most impressive we have seen. Meanwhile, the copier will receive or lose the proportional amount of the money they put into the trade.

Can’t see your question? Ask to get answers from the ZuluTrade staff and other customers.

Additionally, platforms offer auto-trading features, which allow you to execute the trades of the traders you are copying automatically. This is beneficial for less experienced traders or those who don’t want to monitor market analysis constantly. With the OctaFX Copytrading app or desktop version, you can search foxcriticals and copy their strategies. The website features a list of mastexcriticals, so you can easily find those you want to follow. For every mastexcritical, you can see the performance, risk score, number of copiers, and more.

DupliTrade allows users to examine eleven different categories of signal providers, including entire trading history and gross profit of their portfolio. Retail brokers such as eToro and Avatrade use third-party trading platforms to execute trade orders. Various platforms utilize copy-trading software, the most popular of which is xcritical and 5 (MT4 & MT5). Mirror trading is an older trading strategy that has been refined into copy trading through big data. With mirror trading, users have to mirror the portfolio of other experienced traders without any manual input.

ZuluTrade is very experienced in this regard and is one of the most reputable online trading platforms offering these types of services. Therefore, if the social and copy trading aspect of trading is something you’re looking for, then you should definitely consider trading with ZuluTrade. EToro started operating in 2007 with the mission to provide fee-free trading services to people without trading experience. Nowadays, eToro is one of the leading platforms for forex trading, allowing users to trade various assets, including commodities, stocks, cryptocurrencies, and more. ZuluTrade is the world leading online and mobile Social Trading platform. xcritical 5 offers desktop, web, and mobile versions of the platform.

What markets are most suited to copy trading?

PU Prime offers ready-to-trade platforms so users have the flexibility to enjoy trading anytime, anywhere, and on any device. ZuluTrade provides rankings of investor performance and allow investors to immediately observe and copy othexcritical’s portfolios. This is provided by simulator which shows overall profit, alerts xcritical website user if a margin call occurred and even allows user to download a spreadsheet of all the simulated trades. In March 2015, ZuluTrade Group announced that the platform was awarded an EU Portfolio Management License from the European Union. The designation made the company a licensed portfolio management company in the EU.

When choosing a social or copy trading platform, be sure to consider important factors like local availability and whether the assets you’re interested in trading are supported. The higher-risk traders you follow, the more like gambling it becomes. If you decide to copy traders with less exciting returns but lower risk scores, then you are more likely to have a positive experience over the long term. However, experienced traders with a successful track record are more likely to make wise decisions than inexperienced ones. If you’re looking for a hands-off way to trade beyond your expertise, copy trading is a viable option.

These platforms provide the fundamental features that allow users to copy trade by hosting important data on traders and market sentiments. Social trading is the umbrella that both copy and mirror trading fall under. Social trading combines the best aspects of social media into trading software, allowing users to chat and exchange ideas.

You might choose a combination of these – it’s completely up to you based on whatever you think is important. PublicFinanceInternational.org helps traders and investors, from around the world, navigate the complex world of online brokers. We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews. To https://xcritical.solutions/ keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you. While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations. ZuluTrade is a Greek financial technology company that operates an online and mobile social and copy trading platform.

The minimum amount you need to deposit to open an AvaTrade account is $100. Like other social trading apps, AvaTrade provides a demo account that you can use to practice and learn forex trading. Another benefit that you’ll enjoy with AvaSocial is multilingual customer support.

I had 0 trading experience, but copy trading with Zulutrade has helped to simplify the basics of trading along with earning. Zuluguard made me try them out & makes copytrading quite easy. There is no definitive answer, as everyone’s needs and preferences will be different. However, some of the more popular platforms are AvaTrade, eToro, and ZuluTrade.

A lot of our Strategy Managers choose to be investors themselves, for an extra way managing their money. While FXTM Invest is a type of copy trading program, another way to define it would be to call it a money management system. Is the trader who identifies the signals to be followed by the investor or follower/copier.

The platform allows users to copy othexcriticals in the forex. As of 2014 ZuluTrade had around one million users and an executed trading volume of over $800 billion. I have been using zulutrade for past few months on demo account and recently switched to live account.

How does xcritical work?

Some people believe that it’s a great way for beginners to get started in the world of forex because they can follow the strategies of experienced traders. Top copy trading platforms allow them to copy trade strategies and signals used by the best forex traders. Others feel that copy trading can be risky because you don’t have full control over your portfolio. Trusted by 300,000 people worldwide, Pepperstone is regulated by several agencies, including CYSEC, FCA, and ASIC. It offers a variety of trading platforms, including the popular xcritical and xcritical 5 , TradingView, and the cTrader platform. Pepperstone works with some of the best social trading platforms, including MyFxBook, DupliTrade, and xcritical Signals, to provide copy trades for its users.

• These features are highly advanced and are well respected by the most sophisticated traders in the industry, but the platform is also very accommodating to beginnexcriticals.
• Naga is a copy trading platform that automatically copies your trade.
• The Fortunly.com website does not include reviews of every single company offering loan products, nor does it cover all loan offers or types of financial products and services available.
• You can set stop loss and take profit limits to secure your trading profits and limit your losses.
• We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity.

Investors can connect their existing brokerage accounts or open new brokerage accounts with a simple process. Users can take advantage of the fact that ZuluTrade Traders (the industry used to call them “Signal Providers”), are active in virtually every country and time zone of the world. Users therefore can grasp opportunities in the 24-hour financial markets without the need of being in front of their PC all of the time or of having professional financial training.

It’s worth mentioning that ZuluTrade is not a broker but a social wealth management platform. ZuluTrade enables people to trade securities with a copy trading strategy by supporting more than 70 brokers, including AAAFx, ThinkMarkets, Fxview, IC Markets, and others. ZuluTrade is not a broker but it owns AAAFX, a brokerage operating out of Greece. This company focused on developing a platform that supports social trading and offers this to brokers around the globe. Trading conditions are dependent on which broker is chosen by traders, but full support for the MT4 trading platform is granted. The broad reach of services and sheer number of broker partnerships ZuluTrade has developed offered allows traders to access countless ideas and strategies in an unmatched capacity.

The trading platform features ProCharts, eToro’s simplified version of professional charts, and market research through TipRanks, a research tool where over 15,000 analysts provide market insights. Select a trader who best matches your goals to follow, by using the tools provided by the platform FXTM Invest to filter the available traders. Perhaps it’s their number of followers, or profitability, risk level, the total amount of funds they manage or their return on investment.

How do I know I can trust these reviews about ZuluTrade?

You can protect your account and your capital against strategy changes, or in the event your chosen signal provider’s trades are unsuccessful. Available foxcriticals of all levels, ZuluTrade trading platform is easy to use and has a user-friendly interface and accessible layout. On the other hand, ppening a Classic Account to become a signal provider is a little more complicated. Not just anyone 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 drawdown of less than 30%, and trade with an average of 3 pips or more per trade.

This year I have reached the minimum amount for payout first time. And Zulutrade has declined my first earnings due the 700 points rule. I need to say that the main essence of the situation is not that I was fined, but that with one click someone crossed out all the accumulated funds. Not only for a specific month, or for specific trading positions, but absolutely all the funds that I have collected on this account since the moment it joined ZuluTrade. As with any financial trading, there is risk involved if the assets being traded are illiquid i.e. how easy is it to exit the positions held.

With this social trading platform, you can copy strategies from one or more traders, even up to 100, at the same time. You can also choose whether you want to copy the trader’s entire portfolio or only the latest positions. EToro offers a demo account that you can use to test your trading skills without risking your money. Social trading remains at the core of eToro’s business model, and its CopyTrader has over 3,000,000 participating traders.