ZuluTrade Inc. is incorporated and registered in Greece. It complies entirely with all EU financial company regulations. Their CFTC, NFA Member ID is 0389149 and this is, to our knowledge, a fully legitimate company.
ZuluTrade is “just” the social trading network that links traders with investors or it stands for signal providers. As an investor, the broker account you use for interacting with ZuluTrade holds your actual money.
There’s a choice of more than 50 brokers from around the world, and how safe your money is will rely on the broker’s financial stability and country regulations on which they register in.
For instance, Residents of the United Kingdom are secured and their money safe up to £50,000 in case they invest in a UK controlled broker going out of business. Therefore the responsibility here isn’t with ZuluTrade, but with the broker.
The Protection of Your Investment
The protection of your investment all depends on yourself, and in particular on which traders you want to copy and the settings for risk management. When you’re spending $1000 with ZuluTrade and deciding to copy a trader with a history of draw-downs greater than 1000 pips, you’re going to lose your entire investment, because your investment is clearly not secure.
However, ZuluTrade provides a wide variety of resources to help protect your investment. For example, you can set the maximum amount you allow a trader to lose before you avoid copying them automatically.
Similarly, $200 if you only want to lose a limit of 20 percent of your investment from the previous example.
Or you can set the maximum number of positions in your portfolio which you copy for each trader. You will also find useful our ZuluTrade tips on traders selection and money management settings.
As always, leverage of trading Forex instruments is a high risk. In this reason, you can’t afford to lose any money you spend. There’s never been a “free” trading scheme, so there’s no guarantee of future gains or lack of loss.
