ZuluTrade, founded in , was created in order to enable traders to share their knowledge with people interested in their strategies. In the strictest sense, ZuluTrade is considered a Forex autotrading platform, as it allows traders to automatically copy the trades of others into their own trading platform.
Many also consider it a social trading platform, however, because traders can leave comments and feedback and see live feeds of other traders' activities. The concept of ZuluTrade is to offer an open environment through which traders all over the world can connect with any trading platform and share their knowledge. ZuluTrade uses the ZuluRank calculation which is a proprietary algorithm that ranks a trader by analyzing different factors such as the amount of trading activity, how often the trader logs in, the age of the signal provider, the amount of time a trade stays open, the sharp ratio, and many other factors.
Signal providers use ZuluTrade's trading station to create a trade or it can be done through their MT4 trading station. A signal provider is actually a ZuluTrade user, who trades either on a Demo or Live account.
For every trade generated in a live account, ZuluTrade pays signal providers half a pip per lot. Half a pip usually varies due to currency fluctuations, but the weighted average could be around 4 dollars per trade per standard lot.
The Automator offers traders the ability to execute trades anytime of the day from anywhere by watching and notifying them when things happen and will automatically execute actions they would otherwise do themselves. ZuluGuard is an account protection feature that monitors each trader's behavior and automatically removes a bad trader when a radical trading strategy is detected.
The ZuluTrade patented technology services two types of traders at the same time. Professional traders who want to prove their trading systems and build a client base will continue to monitor the market and place their trades in the standard manner. But it offers automatic trading for the trader who wants to be able to trade and sleep at the same time. Some additional features offered by ZuluTrade include an economic calendar, Forex tools such as pip, margin, profit and currency calculators.
The ZuluTrade platform offers trading in Forex, stocks, indices, commodities, and binary options. Respectable mobile apps for all major mobile platforms such as iOS, Android, Windows, Blackberry, and Kindle Fire offer full functionality and the ability to be in control of an account anywhere, anytime. The Front Terminal offers a simple and user friendly manual trading interface featuring advanced charting capabilities, unique auto-trading features, Zulu scripts which enable traders to use their own robots, Zulu Trade Trading API that allows traders to connect to their own programming environment directly with their ZuluTrade account.
It is supported in 28 different languages. ZuluTrade Full Pack Platform. The Back Office Terminal offers a full backoffice, risk management and administrative tools for account management, risk management rules, reporting and all administrator needs. Next in line is the Open API where traders are allowed to automate all back-office operations, liquidity and price feeds are available. The last page, the All-in-One page, offers a fully hosted trading platform with superior execution.
The landing page at ZuluTrade provides several interesting charts: The performance of the top eight traders according to followers, the total performance of the top traders and a Trade Wall with specific traders currently trading and the data of their trades. There is also email support and phone support to 10 different countries as well as a hour hotline. The website can be assessed in over 25 different languages and there is also an online form for sending feedback.
All in all, I found the ZuluTrade. The broker offers a service to traders that differs from most other Forex brokers and this is what make it a popular choice for both beginners and advanced traders. Very user friendly forex enviroment. Its very easy to get used to it and start trading with the help of other forex traders. It must be the busiest online forex community that i;ve found on web while searching for free trading signals. Good and professional company.
I've user zulutrade for over a year now and my overall verdict would be: It took me some time before i managed to create a stable portofolio with over 7 traders inside , when i had loses i always had other providers compensating these losses and adding profit as well. Once i started it using it i became a little obsessed with trading and forex in general.
Its a very inovative way of making money and more importantly , it works. Very nice and transparent service. Everything is available in zulu for a user to find good traders. Me and my brother are making money every month and thats why i came here to write a good review , good services must be rated accordingly. Nice looking platform , first i tried their demo account for 20 days and then i opened a live account to try my luck with small amount of money.
I really love the ability to fully customize my account , setting risk limits , stop loss targets. You feel really in control there. The only thing that bothers me is their slippage with my broker. I recommend it to anyone willing to test their luck in Forex market. It takes time to find the best provider for you , but afterwards you will be greatly rewarded.
Dudes the best invention after peanut butter seriously seems to be Zulutrade!!! You can follow, copy other followers or trade yourself separately or in combination of the three.
Though providers sometimes get a bit shaky and get off track but overall the system can get you some returns. If Zulutrade does not exist, I dont know how to trade forex. It makes me small gains every day but I happy with this: New updates are very useful.
There is also a new option that came out today - open trade chart with the numbers of open trades per day. Above the number pops up a window with info on the amount of daily profit with the corresponding date and number of open trades. The stat goes back from the beginning of the trading history of the provider showing each time the provider opened a trade. Zulutrade is constantly upgrading. I am very satisfied with the platform and the customer support.
However, what I like the most is that we get this type of high leverage ;. I am also using Zulutrade and am pretty much satisfied with the platform. IT is so easy to use, and you don't really need to be a financial guru to use it. Moreover, the providers are more than enough to gain this extra cash. I really like the like the margin meter. Everytime indicates me where not to go. I do not understand all the math and problems you are discussing above, but I am pretty satisfied with the indication.
ALso it is great info of the risk appetite of the provider. Zulutrade is really an innovative platform, offering both to inexperienced and experienced traders-wanna-be an easy access to forex.
I have tried the demo and auto-trading mode - both have suited me my urge to earn some extra cash with limited capital and limited losses. Great customer support as well! What I like the most in zulutrade is that they make constantly new additions to their platform and their services. Have noticed their latest automatic allocation mode which automatically allocates number of lots to added providers. Especially for beginners I believe it is a very helpful service.
Autotrading platforms offer us the possibility to choose as many signal providers as we want or our capital can stand: I have account in zulu. It is a matter of time to end up with a successful portfolio and a strategy that it really brings profit. Very good signal service, the leader in the market! I like the latest changes, like the alchemy and the improved ranking, along with the advanced search. They also added more broker so you have a wider choice.
Without Zulutrade, I could not trade forex on my own. In the past I have followed some bad signal providers but now I have learned from my mistakes and I can recognize a bad strategy of a system.
If you do the right research and use the correct settings, zulutrade is the best signal service out there! I think zulutrade is the best choice among autotrading platforms and for those starting at forex. Its difference is the ease of use and the reliability of the signal providers!
Agreed with Townjet from Zulutrade-Top - Zulutrade is a minefield and you have to be very careful picking providers. Do your homework and read the available blogs out there. Zulutrade "can" be good place to have someone send signals to your account. But there is a catch. You really need to investigate a signal provider before you use them. And even after investigation you never know when they may just change what they are doing.
One thing I always tell people about Zulutrade is "These signal providers have a way to make money in the Forex market without taking any risk. Granted it is in their best interest to keep you as a customer. Zulutrade is not about the method or currency pair a signal provider uses, it is about their money management.
Drawdown on a trade, how many trades they open up at a time, if they use a stop loss, etc. Visit my Blog for some ideas I look at when evaluating a signal provider. Registration is required to ensure the security of our users. Login via Facebook to share your comment with your friends, or register for DailyForex to post comments quickly and safely whenever you have something to say.
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