ZuluTrade Review, ZuluTrade Customer Reviews

ZuluTrade


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Overall: 4.53
 

ZuluTrade is a social trading platform established in 2007 out of the American state of Delaware. Similarly to other social trading systems like eToro, the primary benefit offered is the ability to follow peer-reviewed traders (known as signal providers for the purposes here). Of course, this is an excellent way for a novice to begin learning the art of online Forex investing and as ZuluTrade is open to anyone, becoming a member requires little to no overall trading experience. Let us take a look at some of the key takeaway points of this system.


The main purpose of ZuluTrade is to allow a signal provider (trader) to provide recommendations based upon where he or she thinks a currency relationship will head. Once this provider executes a trade on his or her page, any clients who are following these actions will be able to mirror such trades. For every trader that actively takes the advice of another signal provider, the provider will receive 0.5 pips for his or her OWN traded lots. In comparison, an affiliate (such as another online Forex provider) will receive 0.4 pips for each traded lot of a client who is using their service to access ZuluTrade. Commissions will vary upon the broker used and thus, fees will differ. However, it is worth noting that ZuluTrade is currently partnered with AAAfx. There is no commission associated with this relationship and it is recommended that first-time traders choose this affiliate to access ZuluTrade.

ZuluGuard

To protect your capital, ZuluTrade provides a handy tool called ZuluGuard. What this does is it lets you set the maximum drawdown you’re willing to accept from a provider’s signal. If the drawdown exceeds the amount you set here, it can automatically disable the trader and close all of his/her trades.

It’s good practice to use ZuluGuard. Yet having it set too cautiously can cause profitable trades to close out prematurely. There’s a handy setting which just disables the trader, without closing any open positions. You’ll still receive close, and stop loss instructions on those trades. But the trader won’t be able to open any new ones.

It’s also a good idea to use “safe mode” (in custom settings), and setup your own maximumstop losses. What this does, is it allows the trader to adjust stop losses, but only when they are more cautious than yours. The system will always take the settings with the lower risk.

 


ZuluTrade Reviews by Customers

ZuluTrade review by Eusebio

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Overall: 5.00
 

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

ZuluTrade review by Terry

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Overall: 4.75
 

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.

ZuluTrade review by Betty

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Overall: 4.13
 

I've user zulutrade for over a year now and my overall verdict would be : It actually works! 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.

ZuluTrade review by Carlos

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Overall: 4.25
 

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.

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