ZuluTrade and eToro are two of the most exciting social trading sites in the industry. They are renowned for investing in Forex, as they provide a bridge between experienced traders and investors who want to copy their strategies.
ZuluTrade vs eToro: Demo Account
Before investing with real money, both Social Trading platforms offer the option to open a Demo Account ZuluTrade and eToro made the registration process quick and your ready to start practicing in 2 or 3 minutes.
ZuluTrade vs eToro: Real Account
ZuluTrade allows the use of multiple brokers within its network. Over 50 brokers are currently open, but ZuluTrade does have its own broker. AAAFx provides the best trade value and makes the platform simple and intuitive.
eToro serves as a social network and has the only one open to its broker. Thus commissions are excessive for each transaction in eToro due to a lack of broker competition.
Real Profits and Money
According to the All Copy Trading, the big question is “do the users of these platforms actually make money?”
ZuluTrade has lots of actual users who make money, in fact we have a list of followers with the most money received in Zulu4me. When you open your ZuluTrade account (free of charge) via Zulu4me you will see who those followers copy to get those returns. You can even copy exactly the same portfolio that they do.
eToro has thousands of people making real money, but that’s more difficult because of the fees. As well as, most eToro traders only traded for about a year leading to a limited track record. If you open your eToro account (free of charge) via AllCopyTrading, you can copy the best dealers in any market for free. You can open a Demo account. Then, you can start practicing virtual money with $100,000.
Costs of Social Trading
Both social trading companies (ZuluTrade eToro) offer are free to use. However you do pay a commission through your broker on trades. Note on ZuluTrade you have a range of brokers, but eToro only offers their broker.
You may use ECN or STP brokers in ZuluTrade which have direct access to the interbank market liquidity pool. In any case, you avoid increasing your slip by using a broker other than AAAfx, and end up paying a similar amount to AAAfx. We suggest you take a close look at this list of Zulutrade brokers.
Although there are several facilitating options, our recommendation is the native broker AAAfx from ZuluTrade. Your slip will increase when you use a different broker and you end up paying the same amount as AAAfx anyway.
eToro has a daily range of close to 3 pips for the EUR / USD.
