Some brokers will also charge an additional commission on top of the spread, so careful consideration should be given when choosing a broker. The top performers on ZuluTrade do very well, but the ranking system seldom sees the same traders at the top long.
One of our main gripes with ZuluTrade is the way traders Signal Providers are compensated. Traders are only paid for profitable months and these profits are calculated on closed trades only and not unrealised profit open trades , which can lead to traders not closing closings positions in fear of ending the month without a profit.
ZuluTrade does not integrate with any social media networks, apart from signing in to your account, but the community is very active and investors are encouraged to communicate with traders. These settings include everything from manual stops, limits, max open trades and even slippage, and work with the portfolio simulator to help you fine tune them. The ZuluTrade website offers some mediocre support guides compared to the likes of eToro , but the forum is very active and most topics not covered in the support guides are discussed and answered on there.
As for direct support, ZuluTrade offers both email support and live chat with very helpful and knowledgeable advisors 24hrs a day, 7 days a week and also has local phone support in a number of countries. Pros Very good platform and interface Lots of traders to copy Excellent risk management for both experienced and inexperienced investors Free full featured demo account Very low fees and minimum slippage on their own broker AAAFx.
Cons No integrated broker Trader compensation model not the best for investors. In keeping with the full-featured approach of the ZuluTrade platform, the risk management options is vast and can be toggled between auto and custom settings, catering for both the more casual or inexperienced investor and experienced investors alike.
The ZuluTrade service is a social and copy trading online platform that allows users to mimic the investing strategies of trading "experts" in forex markets. Signal providers are generally traders that have developed a strategy willing to share and can be copied by their followers. The platform also has several features, including ZuluGuard, that automatically unfollows a signal provider if their trading strategies change.
Lock Trade allows users to verify the execution of a trade after the signal has been received. The website also features several social network -like features including comments and forums.
ZuluTrade provides rankings of investor performance and allow investors to immediately observe and copy other trader's portfolios. From Wikipedia, the free encyclopedia. Retrieved 11 November The Wall Street Journal. Retrieved 9 February Social Science Research Network.