ABOUT: ZuluTrade was founded in 2007 by Leon Yohai and Kosta Eleftheriou. Leon Yohai wanted to build software that allowed him to copy the trades of the best traders. By 2009, the company has over 4,500 ‘expert’ traders (signal providers), and it was their portfolios who users could copy to make money.
By the time 2014 rolled around, ZuluTrade had re-designed their website, added a number of features, such as ZuluGuard, and had 120 employees, 40 of whom were in customer support. In May of that year, the company announced a partnership with SpotOption, to create a social trading platform for binary options.
2015 brought with it a success as the platform was awarded an EU Portfolio Management License from the European Union. The resulted in the company becoming both legitimate and respected in the trading world.
Leon Yohai had a vision to create a web-based platform that could connect traders, enabling them to share their strategies while at the same time auditing traders globally. Therefore, ZuluTrade is not your traditional trading brokerage as it is primarily a platform enabling traders to collaborate and copy one another. Essentially, it allows traders to copy the trades of experienced traders in the forex and financial markets to achieve a level of automated trading. However, the social element also enables traders to leave feedback and share ideas. Today it boasts around one million users and executes a trade volume in excess of $800 billion.
PLATFORM: The ZuluTrade trading platform currently provides trading for stocks, forex, binary options, commodities, such as oil, and indices, such as the NASDAQ. The platform allows you to clone the strategies of top traders. The ZuluTrade platform bridges the gap between new traders and the advice of some of the most professional and talented traders globally. It provides traders at all levels with the ability and ease of copying selected trades and having them sent directly to the broker accounts of the interested parties. The concept of ZuluTrade is to offer an open environment through which traders all over the world can connect with any trading platform and share their knowledge. More than any other social trading network and autotrading platform, ZuluTrade is “open” and accessible to everyone. For you as investor this is great. ZuluTrade uses the ZuluRank calculation. It is a proprietary algorithm that ranks a trader by analyzing different factors such as the amount of trading activity, how often the trader logs in, the age of the signal provider, the amount of time a trade stays open, the sharp ratio, and many other factors. The ZuluTrade platform is fully compatible with all mobile devices such as Apple, Android, Windows, and Blackberry. The platform features full functionality with a tweaked but similar interface to allow for a seamless experience on mobile. ZuluTrade has a clean interface design and operating system which allows everything to be easily understood making for a great user experience.
Accounts can be opened with a low entry fee of only $300. This is much lower than many other social trading platforms. Zulutrade offers traders the “Full Pack Complete Trading Platform” which consists of several trading features. The Front Terminal offers a simple and user friendly manual trading interface featuring advanced charting capabilities, unique auto-trading features, Zulu scripts which enable traders to use their own robots, ZuluTrade Trading API that allows traders to connect to their own programming environment directly with their ZuluTrade account. It is supported in 28 different languages.
FREE DEMO ACCOUNT: They offer a fully functioning demo account which anyone can try. There are no limitations on the functionality of the demo account. It is very important before investing, the possibility to try and copy some traders and see what the results would be after a few weeks or months. You can sign up for their demo simulation account for free.
WITHDRAWAL: Money funding and withdrawal methods will vary based on the broker the trader uses.
Bank wire transfer
Testimonials and reviews of ZuluTrade have been quick to highlight payment commissions and withdrawal fees, but again, these will vary based on which broker is used. One of the safest ways to refill your account is a bank transfer into your broker’s account. ZuluTrade recommends to refill the account with 20.000$ or its equivalent in other currency for high profits and successful investments. The minimal amount of money that you can work with in ZuluTrade is 300$. The profits that investor will get depend on the amount of money he invests.
CUSTOMER SUPPORT: If you have any technical issues or account requests, simply head over to the ZuluTrade homepage. From there you can find live chat is available 24 hours a day. This is the most popular method of contact for ZuluTrade users at present. On top of that, there is email and phone support to 10 countries, plus a 24-hour hotline. You can also go about using the ZuluTrade website to submit feedback via an online form or by selecting ‘contact us’.
They said about ZuluTrade
* I recommend it but investors especially newbies when start trading choose top ranking 1-5
* I have used ZuluTrade on and off for a couple of years. There are some really good traders on the platform but also some jokers who are just there to burn your account. Zulu trade have recently updated their website and there is now a lot more filters and functionality. This really helps pick out the winners from the jokers.
* While not all of their traders are all that impressive, the business is genius and it works and they have very good support! I am a current client as well and overall I am happy…it’s all about the traders… who are 3rd party operators obviously…