ZuluTrade is a social trading network and platform. It connects you to thousands of traders around the world (also called ‘signal providers’). Instead of looking at the market and selling yourself, then you pick the signal providers that you would like to pursue. The Zulutrade platform will then directly turn their advice and trades into your own account (with one of the brokers they fund or their own AAAfx broker).
You can manually close trades opened by these traders in your account yourself at any time. You may also set limits on which trades you want to take at account level (e.g. only EUR / USD trades) or at signal provider level (e.g. no more than 5 open trades at any time) within the ZuluTrade gui.
ZuluTrade is “free” and available to everyone, more than any other social trading network and auto-trading platform. This is perfect for you (the investor). There’s a completely working free app (click here to try ZuluTrade app) and you can start investing with “true money” from as little as $300, £210, Euro 250, JPY 25,000 or AUD 300. The process for signing up is quick and straight-forward.
The transparency therefore also means that anyone can become a Signal Provider. Signal Providers do not usually trade with their own money (they can send signals from demo accounts) and their profiles are not formally checked by Zulu Trade (i.e. if they claim they have been trading professionally for 10 years, it’s their word and nothing more).
The Instrument You Can Trade
Although initially ZuluTrade was pretty much a mere social Forex trading network, there are more signal providers. It trades gold, silver, commodities, and indices. It happened after they added CFDs in 2015 to the Forex currency pairs.
In addition, for Forex / CFD traders, ZuluTrade added binary options to their 2015 site. But then, they stopped the delivery or selling of binary options to retail customers in 2017 until ESMA in 2018. You can now choose to swap yourself or copy other traders in either forex or binary mode of options. Also, if you’re familiarize with cryptocurrencies, ZuluTrade also rides it too.
