To start trading on ZuluTrade with real money, you’ll need to open a Forex broker account. You can narrow down the list of qualified brokers using a variety of parameters to help you select.
For example: whether or not they are regulated in Europe or elsewhere, whether or not they provide mobile apps (iPhone, iPad or Android), micro-lot trading and CFD (difference contracts), the trading platforms they provide (such as MetaTrader 4, ActForex, Trading Station, JForex, etc.).
How AAAFX Broker Works
Some of these options will lead you to the AAAFX broker since it belongs to ZuluTrade. And also, it has the advantage that unlike the other Forex brokers it does not charge extra commissions.
The sliders allow you to filter the list of brokers based on the minimum deposit required, the available leverage and the total commission that they charge.
The maximum fee is a slippage setting: in addition to the normal spread, the amount of pips that the broker charges you pay. For instance, if the broker’s EUR / USD spread is 1.5 pips and the commission from ZuluTrade is 1 pip, the overall cost to a trade would be 2.5 pips.
The broker uses the fee to pay for ZuluTrade, and to pay for the extra costs associated with ZuluTrade integration.
AAAFX, the very own broker of ZuluTrade, refuses to offer a fee. The only sort of commission with this broker is the spread. Therefore, you gain 1 extra pip relative to the other brokers. But, this does not mean that for every currency pair AAAFX will always be the cheapest.
It is important to note that AAAFX possibly provides the quickest and easiest way to start trading on the social trading platform due to its direct integration with ZuluTrade and its lack of commissions. For as little as €300 you can start trading on AAAFX. Only look at the investor list on ZuluTrade and you’ll see that most of them have picked AAAFX.
The Other Factors that Can Influence Your Choice
After you decide the best thing for your life, you also need to think about other choices. For instance, the level of customer support, the language customer support, the withdrawal process, rollover costs, and so on.
It’s a matter of personal preference to select a Forex broker. It depends on your investment plan and the signals you want to pursue. On our Forex broker comparison page, you can compare the various roles and services of brokers.