ZuluTrade: Review, Analysis and Complete Guide
ZuluTrade is a secure online broker founded in 2007 by Greek entrepreneur Leon Yohai. This trading platform allows you to invest in the Forex market, crypto currencies such as Bitcoin and CFDs.
In this article you will learn how to create a free account at ZuluTrade to start trading following the steps of the best brokers in the world, or making your own decisions, but always in a safe and reliable way.
In addition, you’ll learn about all the options for crypto currencies such as Bitcoin, the opinions of the users and the specialized critics, and the tips to become your own broker.
Pros and Cons of ZuluTrade
- Benefits and promotions in deposits.
- Allows you to trade Forex and Bitcoin.
- Great customer service.
- Few means of payment.
- It is necessary to create an account also in the associated broker.
ZuluTrade Financial Products
By creating a ZuluTrade account, the possibilities for a broker become almost unlimited. You can choose to invest in crypto-currencies such as Bitcoin, the Forex market, commodities and of course contracts for difference.
According to ZuluTrade’s official website and opinions of some experts, more financial instruments will be added in the short term, although we have not found more details about this.
Stocks and financial products
ZuluTrade‘s investment options depend exclusively on the broker you have chosen to associate your account with. However, variations are usually minimal and in general all types of investments can be made.
The most common are contracts for difference, abbreviated to CFDs, which are traded on the Forex market. It is also possible to trade indices of the best quoted stock exchanges in the financial world.
Commodities are another ZuluTrade option, and represent one of the oldest forms of financial investment. Precious metals, grains, oil are some popular examples.
In addition, currency pairs, currency/cryptomoney pairs and exchange-traded funds represent a large part of the trading on this site.
With ZuluTrade you can invest in five different cryptosystems: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. As you can see, these are some of the most popular and profitable crypto-currencies in the world.
In 2017 alone, Bitcoin grew by more than 2000%. Crypto currencies like these can mean a great possibility of fast and safe growth for brokers, although in practice it is much more common to trade on other platforms, such as Forex.
In addition, ZuluTrade allows you to create Contracts for Difference between crypto-currencies and currencies, such as BTC/USD, which involves an investment in the relationship between the Bitcoin and the US dollar.
These plans are called ‘CFD Trading in Crypto’ and are available to any user with a ZuluTrade account.
Autotrading, unlike manual trading, is characterized by allowing brokers, i.e. ZuluTrade users, to observe other traders’ trading operations.
To achieve the best recommendations, the site operates with a system of opinions and reviews that creates a database of the most popular traders.
This also makes it possible to study the way in which the most successful brokers operate and to select which of their strategies should be applied on the account itself. The Demo accounts option also allows you to learn more about this mode by trading on a risk-free platform.
ZuluGuard can be described as an insurance against loss that can be used by any ZuluTrade user, no matter what type of account they have, although it is intended for those who act as followers of successful brokers.
The tool protects users’ assets by activating alerts when a trader’s performance begins to decline. To work properly, it must be activated voluntarily by setting the loss margin and the allowed exposure.
Thus, when the limit is reached, operations will be closed even if the user is not connected at that time. This tool provides security to inexperienced brokers who are guided by opinions and recommendations.
How to Open a ZuluTrade Account
Creating a ZuluTrade account is very easy and requires minimal effort. The first step is to log in to the company’s official website and choose the ‘Register’ option in the upper right hand corner.
There you must select the ‘Live account’ button and complete the personal and financial data requested.
Requirements and verification
To start investing in ZuluTrade, there are still some requirements to be met. First you must confirm your registration by clicking on the link provided in the email. There you will need to choose which type of account you wish to open at ZuluTrade.
The classic account is recommended for advanced users with specific knowledge of trading and the Forex market. It allows both auto trading and manual operations.
Profit-sharing accounts, on the other hand, are best suited to beginners and brokers who do not wish to take great risks at the outset. It allows investing through discounted commissions following advanced traders and establishing a capital protection amount.
Choosing a Broker
To finish setting up your account you will need to choose a broker, or brokerage company. For this you can consult the list of brokers authorized by the company, where each option has a minimum description and essential characteristics.
ZuluTrade has its own broker called Triple-A Experts Investment Services SA, although it is possible to choose from a list of more than 30 options. It is necessary to create an account with the broker as well, and at this point you can choose between linking an existing user or creating one at the moment.
The checking process normally takes a period of three working days. After this time, the user will receive an email informing them that their accounts between ZuluTrade and the broker of their choice have been successfully linked and they can start investing in Forex, Bitcoin or the financial market of their choice.
Demo accounts provide an unparalleled opportunity to acquire advanced knowledge about the Forex market, cryptomonics such as Bitcoin or trading in general without taking financial risks.
To create such an account you must follow the same steps as above, but instead of choosing the real option, you must select ‘Demo’.
This process is completely free of charge and also allows you to choose between a classic account type or the Profit Sharing option. According to feedback from users who started with Demo, this tool is very useful for progressing in Forex.
ZuluTrade is accessible from anywhere in the world, with the exception of territories where there are regulatory conflicts with local investment laws. The company has offices in Greece and Japan, but also provides services from its branches in 8 other countries in the Americas, Europe, Asia and Oceania.
The brokers you can follow on ZuluTrade come from more than 190 different countries around the world. This clearly demonstrates the global nature of the company.
How to Use ZuluTrade
ZuluTrade offers two ways to invest: the desktop version and the mobile version. We will explain each one of them below.
Trading on ZuluTrade can be done through two platforms.
This platform is available to users who have real accounts as those who have a trading station. This tool allows you to create algorithms using ZuluScripts, i.e. automated trade creators.
It also has charts, technical indicators (Trend, Oscillators, Volatility, Volumes, etc.) that are customizable and connected to account investments.
MetaTrader 4 (MT4)
An external live or demo account on the MT4 platform can be linked to a signal provider account. In this case, the signal provider’s account becomes read-only and any trading operations that occur on the MT4 account are copied to the ZuluTrade account.
The list of brokers supported by signal provider accounts can be found on the signal provider account settings tab or by contacting technical support.
The effectiveness of a trading platform depends on many factors. One of them is undoubtedly the ability it offers to invest and make trades at any time and from any device.
We have seen countless times other brokers fall into disgrace because of the amount of negative opinions generated by not having mobile applications. This, of course, is not the case with ZuluTrade.
Not only is the website fully compatible with smartphone and tablet web browsers, but it also has its own apps that can be downloaded and installed from the official Google Play and Apple Store stores.
The applications are completely free and allow you to perform all the trading operations that are available in the desktop version, such as setting investment limits, opening and closing positions, diversifying risks of Forex contracts and trading with crypto-currencies such as Bitcoin.
Research and Visualization Tools
ZuluTrade strives to provide users with as many tools as possible so that they can become excellent brokers by investing safely. Here are some of these tools.
These tutorials can be viewed from the official ZuluTrade Youtube channel or directly from the website. Some of these videos have step-by-step explanations on how to create an account, start trading Forex, and much more useful information.
The guide has a glossary of basic terms for novice users, FAQs of all kinds about Bitcoin, currencies and more. To view this guide you need to login with a ZuluTrade account.
Online Web Tutorial
With this web tutorial you will be able to participate in an interactive tour that will explain in detail all the elements that make up the website. It focuses especially on what the user sees when he or she enters the site, and how he or she can use each tool for his or her own benefit by investing in a safe way.
The best way to learn how to use the Platform is to experience it yourself by opening a ZuluTrade Demo Account. It offers identical functionality to a live account, while allowing traders to experiment with the ZuluTrade service without risk.
ZuluTrade Deposits, Withdrawals, Fees and Limits
Deposit Methods and Minimum Deposit
Deposits to the account can be made through the same ZuluTrade page or through the associated broker. The minimum amount is US$100, although this figure can be increased according to the specific terms and conditions of each broker.
It is important to note that the balance can never go below $100, or your account will be disconnected from the broker.
The payment options are three. This amount may seem somewhat limited, although it complies with the most commonly chosen options for payments in the trading market. In fact, it is possible to pay by Paypal, bank transfers and MasterCard credit cards.
Withdrawal methods at ZuluTrade are the same as those that can be selected for depositing funds. That is Paypal, bank transfers and credit cards.
Fees and Commissions
ZuluTrade does not charge any fees to withdraw money from your account. However, it is possible that the associated broker may charge a fee. These fees depend on the broker you have joined your account with, so we cannot mention a fixed or proportional amount for all cases.
There are also no limits on the amount of money that can be deposited and withdrawn from a ZuluTrade live account. However, trading can be limited in two ways.
Firstly, payment methods can set their own limits. On the other hand, if you wish to withdraw a large portion of your money, it is recommended that you do not do so until you have verified your account settings.
This is due to the possibility of your partner traders initiating new positions before your partner broker initiates the withdrawal of funds. If this happens, the account is at risk of being entered into a Margin Call.
Is ZuluTrade Secure?
ZuluTrade’s trading is completely secure as it is registered in the legality of all countries where it operates.
In Japan, ZuluTrade has been licensed as an associate member since 2014 under number 1058 by the Kanto Finance Bureau.
In Europe, the company received a portfolio management license from the European Union. ZuluTrade created its own brokerage company called Triple-A Experts Investment Services SA, which operates on Greek territory and is regulated by the Hellenic Capital Markets Commission (HCMC) under registration number 2/540/17-2-2010.
ZuluTrade, like any other online Forex broker, is covered by the Financial Services Compensation Scheme and complies with the Monetary Rules of the FCA (Financial Conduct Authority).
The use of segregated accounts leaves the client safe and protected from any problems the broker may face, as their money is not deposited in the same place as the company’s. This method acts as an insurance against loss.
This is especially useful if a financial problem such as platform failure occurs. ZuluTrade uses a volume based compensation scheme, where trading users earn 0.5 pips per lot, for each closed trade executed on a Live Trader account under the Classic Account Model.
ZuluTrade’s customer service is highly valued by users and has received positive feedback overall. Personal attention is available 24 hours a day during business days, from Sunday 21:00 UTC to Friday 22:00 UTC.
The email service works through the account firstname.lastname@example.org and operates in all languages. You can write to this address from anywhere in the world and users will receive a quick response with effective solutions in a very short time.
In addition, ZuluTrade has telephone support. The number varies depending on the country you are in.
ZuluTrade’s call centers are currently located in the UK, Russia, Spain, Greece, Mexico, Colombia, Japan and Australia, covering most of the languages used by the client base, including English, Spanish, Russian, Greek and Japanese.
Of course, there are other tools available to ZuluTrade to solve problems and issues. One of them is the forums, where anyone can post their questions and receive quick answers from other clients and the site team.
They also offer a feedback system where you can leave your opinions about ZuluTrade. The company constantly reads these opinions to improve its service and support system.
Feedback from ZuluTrade
Here are some opinions from users who have tested their knowledge on the ZuluTrade site:
Amalia H.: ‘ZuluTrade’s autotrading platform is very good. At the beginning it is a bit difficult but with patience it is possible to earn a lot of money’.
Jorge B.: ‘The ZuluGuard capital protection service has saved me on more than one occasion. With this tool, investing safely is possible.
Armando P.: ‘I haven’t found a better place than ZuluTrade to invest in Forex. The opinions of many other users agree on this point’.
Alternatives and Competitors of ZuluTrade
If you have read this review about ZuluTrade, it is possible that this broker has convinced you and you want to hurry up and create an account and start investing. But there is also the possibility that you may want to expand your horizon of possibilities.
For this reason we offer you a list of trading platforms that serve as alternatives to ZuluTrade. In each of these reviews you will find user reviews and extensive explanations of their financial products such as Bitcoin and CFDs.
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Our overall assessment of ZuluTrade is very positive. Its multiple account types offer varied features that allow for either aggressive or conservative attitudes depending on how each user wishes to invest.
Copy trading tools and especially the conjunction between a financial services platform and social network is certainly not something we haven’t seen before, although ZuluTrade applies it in a novel way that has generated very good feedback from users.
Something that catches our attention is the statement we found on the ZuluTrade website, where they say that to trade on the site you don’t need to study the Forex market or know about trading, as specialized traders take care of this.
Studying is essential for investment. Beyond the safety nets, it is good to know when and why to open and close operations without depending on what the supposed experts do, since knowledge and success do not always go hand in hand.
Likewise, we believe that these safeties like ZuluTrade are a double-edged sword. Setting limits on losses often has negative consequences. Many of the negative opinions come from traders who did not use the platform in the right way.
If we look at the growth curves of Bitcoin, Forex shares or any international currency we can see that, before winning, many times we have to accept losses. Conservative strategies are rarely economically productive.
ZuluTrade Datasheet and Features
|Countries where it is regulated||190|
|Time to open account||1 day|
|Bank card deposit|
|Deposit with electronic wallet|
|Demo account available?|
|Easy to use platform?|
Frequently Asked Questions about ZuluTrade
ZuluTrade is a trading platform that allows users to connect with an external broker. In this way it is possible to invest in Forex, Bitcoin, foreign currencies and commodities.
ZuluTrade functions as a large social trading network where users are divided into two basic categories. Providers are traders who develop strategies to invest with a certain degree of risk, while followers, in a more secure way, choose which of these strategies to follow.
Selling shares on ZuluTrade does not offer any complications. To do so, you will need to log in to your account, check your portfolio and choose to close the desired trade, be it in Bitcoin, Forex or Commodities.
The safest way to earn insurance in ZuluTrade is to invest in contract combos. These combos are made by the company based on the performance of the best brokers to imitate. They allow you to set limits on losses.
Trading on ZuluTrade is totally safe. The company is registered under the regulations of global financial agencies and has compensation schemes, which is the standard legal insurance for this type of site.
Yes, the company is regulated in both Japan and the European Union. In this article you can check the license numbers and the control agencies that issue them.
If you’ve reached this point, don’t forget to check out Waller Adviser‘s other guides for the best reviews on Forex trading, lending and insurance with expert opinions.