Contents
Here you will have all the benefits of one of the most known and trusted trading platforms in the industry including more than 80 charting tools, and a very robust set up. Every action you take within your MT4 platform can be directly copied into the Zulutrade+ platform with ease. These traders don’t close operations when they start losing, but they rather open others in the same direction to try to recover. Point A is the starting point, that is the first day on which the ZuluTrade Signal Provider has not earned anything yet.
Like with leverage, you should take time to research the individual brokers before you sign up with Zulutrade, so that you can choose the best one for you. You can also engage in some degree of social trading by visiting the profiles of other traders, rating them, and leaving comments. This is another active area which can add great value particularly for newer traders. ZuluGuard works as a protective feature for your account similar to that of a stop loss. As an investor, you can set a maximum amount of loss you can accept when following a trader. If this amount is reached, the ZuluGuard feature will automatically stop following that trader for you.
These include numbers in the UK, Russia, Spain, Greece, Mexico, Colombia, Japan, and Australia. With these, you simply have to choose the best traders you would like to go with, and Zulutrade will manage your Traders Combo. If you want to know more, check our guide on the Best Broker for ZuluTrade.
ZuluTrade Fees
Both demo and real account FXDD clients can trade on as many as 4 trading platforms that support market, limit, stop and trailing orders, and directly accessible from 1 account. This speeds up trading operations and gives traders great flexibility to trade from anywhere and at anytime with ease. At FXDD the multi-award winning platform https://scamforex.net/ Metatrader 4 works with an unlimited number of demo and real accounts, and Expert Advisors are also supported. So for those of you that are very new to this whole arena, ZuluTrade is basically a social trading platform. It’s been around for quite some time now, I myself have had an account for probably about seven years.
You can put take profit as well, and so if you want to take profit a certain amount with each trade, you can do that. If you set capital protection to 500 dollars, in case the trader is losing 500 dollars in your account, ZuluGuard will step in. Well, you can set it to 500 dollars, But what if you’re happy to just let… you know, what if it’s been some bad news just came out that disrupted a trend.
Platform
If, on the other hand, you aren’t satisfied with the work you’ve done, and you’d like to return to the original settings, just click on the “Reset Changes” button, to return to the last saved settings. Below these settings boxes, the “Follow Trader” button forwards us to the Signal Provider classification page, which we shall see later on. Finally, as you can see, you can download the history data as an Excel file. Profit in (Euro, Dollars – the currency you have chosen for your account). The chart in the History section is completely customizable.
They offer a huge range of copy trading tools and 70+ brokers to choose to connect with through the platform. ZuluTrade is excellent for both copy traders and signal providers though trading features and conditions including fees are reliant on the broker you choose to connect with ZuluTrade. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 71% of retail investor accounts lose money when trading CFDs with this provider.
thoughts on “Zulutrade Review – Will You Lose Money Too?”
Make sure to read full our full Terms of Use & Risk Disclosure. The FXDD Research and Education Center was not as robust as other brokers but this will soon change now that Elite CurrenSea and FXDD will cooperate together. I really hope that you found this review of ZuluTrade to be helpful. Please leave comments below and on my channel, and join the discussion. I always like to hear from you, and thank you very much for watching. So like I said, I’m not going to lie, there are other more profitable things that I follow at the minute.
But I’ve lost money because this ZuluGuard feature has just pulled me out of the trades, so it’s really frustrating. And I was trying to figure out how to disable it, I couldn’t disable it at the time when this was happening. And hopefully, it won’t impact the actual trades that I’ve got open in this demo account. So for me, that is a definite warning flag for this trader. Because this is one great thing about this platform, everything is so transparent.
- You should always look at the history and pick out those of the providers with lots of experience and a consistent graph that shows they were successful.
- The chart shows, for each week, the amount of pips of the best closed operation and the amount of pips of the worst drawdown suffered from a transaction.
- With that point in mind, while Zulutrade does their best to filter out these lucky traders, it does not mean you should immediately trust every other available trader.
- As a trader, protection of your funds while trading is of vital importance no matter your broker choice.
- Both depositing and withdrawing funds is nothing to worry about.
- Once in the application, you can view your performance, review new traders to copy, plus close trades manually.
Given that a lot of traders lose funds, and may go to the websites like Forex Peace Army to complain, we aim at distinguishing, well, more subjective from less subjective reviews and offer our limited view on the situation. The reviews on FXDD on FPA are not mild but the criticism dates back to more than 5 years ago. Only a couple of reviews have been added in the last 2 years so no conclusion can be made.
Account Types and Execution
There are two types of account on Zulutrade and the fees vary depending on which one you sign up for. A classic account comes with no additional fees and the only commission you have to pay is that charged by each broker. With profit sharing accounts, you pay a $30 per month subscription in addition to the broker fees and commissions. Our Zulutrade review also found that there is a dedicated space for crypto copy trading at Zulutrade. This means you can also follow crypto traders and copy their positions in major markets.
- Join thousands of traders who choose a mobile-first broker for trading the markets.
- At FXDD the multi-award winning platform Metatrader 4 works with an unlimited number of demo and real accounts, and Expert Advisors are also supported.
- 76.4% of retail investor accounts lose money when trading CFDs with this provider.
- Suddenly, you are following someone who has no concept of trading but got lucky in a series of trades .
- ZuluTrade rewards those who provide such a video giving them an higher position in the ZuluRank ranking.
You therefore don’t have to go into the broker platform – if you close a trade in the ZuluTrade interface, it will automatically close the trade in your trading account. Reviews from forex trading show users are impressed with the wide range of performance indicators and graphs provided to help evaluate traders. As a result, the firm has grown to become a leading copy-trading platform with users in more than 150 countries and over 90,000 traders to choose from. Zulutrade is a simple to use social and copy trading platform that’s great for beginners.
For instance, if you set a Stop at -30 pip, activating the Safe function, and the Signal Provider decides to close the trade at -20 pips, ZuluTrade will use the stop level of the trader, as it is considered safer. If, on the other hand, the trader wants to close the trade at -50 pips, ZuluTrade will use your -30 pips as the stop level, as it is safer than -50 pips. The same logic works for the Limit level with the Safe function. The closest and therefore easier to reach and safer limit levels will be used by ZuluTrade to close trades, excluding the farthest levels, which are therefore at greater risk of not being reached. Due to the increasing work commitments, Leon realized he could not follow the markets as he wanted.
Zulu Rank
For example, suggesting how many lots a follower should invest and how you plan to offset any potential pitfalls. After setting up your account you will then need to choose between supported brokers. So, you can utilise UserLists to manage your potential candidates. This will also allow you to monitor an individual for a while before copying. Investors – These users can copy the strategies of the traders. Most people are aware leverage can be used to increase potential earnings.
Money protection
You will be able to engage with the customer service support in several languages available, in order to compensate that it is not available 24/7. The Classic Account is recommended for advanced traders who have been trading for a while, and the Profit Shares Account is preferable for novice traders who are just starting out. xcritical is a leading provider of online foreign exchange trading, CFD trading and related services. The clock allows you to only take a trader’s signals on specific days or times. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Here you can find the graphical story of each operation, with a chart that shows you where and when it was opened, when it reached its maximum and where, as well as his minimum and his closure. For the analysis addicted, this is definitely a unique opportunity. xcritical cheating You already know what we think of other’s users vote, ie that they are not relevant for a concrete performance evaluation, both if positive or negative. If you really want to consider them, check the upper right corner how many have voted.