Forex trading social networking and platforms enable the users to follow and copy other traders, assessing their performance and developing own trading styles and strategies while also earning profits. Social trading has become very popular and there are thousands of successful traders to follow. ZuluTrade is one of the long-standing and most popular social trading networks, with hundreds of thousands of users and new trading signals every day. ZuluTrade provides a rather simple and straight-forward service and many unique features for you to try out.
ZuluTrade Social Trading Network
ZuluTrade offers a high-quality platform, working with more than sixty well-known Forex brokers. With such a wide range of choices, it’s not as easy picking a right broker to fit your preferences. Until recently, ZuluTrade only worked with partner brokers but now they have their own trademark Forex broker too. Of course, ZuluTrade charges fees for copied signals which are also paid to the providers to motivate and form a better trading community.
The fees never exceed 3.5 pips, and the providers will usually get around 0.5 pips per lot and they can only collect them in successful months. The platform is known for great features and general focus on the novice Forex traders, who have a wide range of tools to best rank and classify the traders to follow, interact and develop their own appropriate money and risk management strategies and much more.
We generally enjoyed the ZuluTrade software and the features included. It’s very easy to search for successful traders, select volumes you want to invest for any signals you choose or percentages of your balance per lots as well as numbers of open positions at any time. All the features seem focused to provide a well-rounded social trading experience and help you follow the right signals, generally bettering the ZuluTrade community quality. Possibly the most important ZuluTrade features are ZuluRank and ZuluGuard. ZuluRank is a well-recognized tool for searching the best signal providers, listing them in a leaderboard according to their reliability, success, drawdown, exposure and more. This, along with the fees, assures providers aspire to give best signals and preferably act on them too. On the other hand, ZuluGuard is a system you can enable in your account settings to protect yourself from unwanted and unreliable signals. ZuluGuard will replace your signal providers with similar ones in strategy and style if they are unreliable. The system will determine if there is any unwanted behavior recognized with a signal provider and automatically remove it from your future trades to execute.
The Best ZuluTrade Forex Brokers
Triple A Experts (AAAFx)
Triple A Experts is a propriety and trademark ZuluTrade broker. The broker is regulated by the Markets in Financial Instruments Directive and as such, it is very consistent and reliable. AAAFx serves a huge customer base worldwide and offers great customer care with support in 15 languages available 24 hours a day throughout the week. You can open an account with AAAFx in seven major currencies, saving conversion fees with your initial deposits and getting a 10% bonus as well. The AAAFx trading platform is available for PC and well as mobile devices including both Android and iOS. Trading with AAAFx, you are charged no fees or commission for using ZuluTrade trading signals which are a great blend.
AvaTrade is a 2006 Forex broker offering high-class services to wide range of clients, through four executive offices. All offices are authorized and strictly regulated in their respective countries further proving the transparency and consistency the broker offers. The broker offers 200+ Forex currency pairs as well as other assets such as stocks, indices, and commodities. The bonus offers to help build your bankroll with are good too and you should definitely contact the support to check the terms and conditions. AvaTrade also offers a range of tools to help improve your trading and the success rate such as news feeds and charts. AvaTrade offers a demo account to kick-start your trading career and improve your trading before investing any money. This way you can get a hold of the assets, develop a strategy and employ analysis tools.
Instaforex is a Russian Forex broker founded in 2009 and offering service to a worldwide customer base with more than 260 representative offices. Being regulated by Markets in Financial Instruments Directive and offering top quality trading experience, the broker offers 107 currency pairs as well as CFD trading. With an unlimited deposit amount, Instaforex grants safety and security, while also giving access to a range of trading and analysis tools. Besides for being available for ZuluTrade Social trading, Instaforex uses both MetaTrader 4 and MetaTrader 5 to provide a well-rounded Forex trading service. The broker allows Islamic, swap-free accounts as well as cent accounts. The customer support is competent, well-trained, and available 24/7.
ZuluTrade is a favorite among social or copy traders. While there are many positive and well-developed features, this is a viable and healthy trading community certain to help you develop your trading success rate and skills. Although there are many unprofitable signal providers too, you will easily define these based on many search preferences. You will, of course, want to employ viable strategies and concepts of money and risk management. It’s important to note that there are also many signal providers who use demo accounts, so that’s one more reason to carefully select the traders you follow.