ZuluTrade Social & Copy Trading Things to know before signing up

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Here you can get some great starting spreads from 0.0 pips and very low slippage risk among other features. Other top brokers commonly chosen are AAAFx, Axi, xcritical, xcritical and Vantage. Founded xcritical scammers in 2007, ZuluTrade – a Finvasia Group Company – is a pioneer in the copy trading space and a very popular choice among copy traders in the industry with a user-friendly trading platform.

Great experience

And so you can withdraw very easily, you don’t need to worry about funds being stuck in the platform or anything like that. The negative reviews that are out there are more in line with the quality of the traders and people losing money and getting upset and writing bad reviews. And I’ve taken out money very easily, several times in the past. Both depositing and withdrawing funds is nothing to worry about. Since ZuluTrade is a social trading platform, it allows users to comment on the profile of the signal provider. This will aid in evaluating the signal provider and establishes an efficient review process on the signal provider’s trading activity.

• So with that being said, let’s just have a look for some traders now.
• With copy trading platforms, novice traders can take a shortcut to the top without facing any financial.
• Overall, the demo account is easy-to-use and replicates many of the features you will get, should you choose to upgrade to a live account.
• Combos are composed based on the included Traders’ strategy and past performance statistics.
• Our recommendation if youre a newcomer to the field is xcritical.

Before you sign up and log in to ZuluTrade, you should also be aware of any additional costs. For example, you can be charged an overnight rollover/swap fee by your broker. The amount will depend on the currency pair you are trading.

Customer Support

If you dont do that, you might be fooled into following a signal provider who is not really as good as he seems. The fact that someone is featured there is not proof that they are good. The “Performance” tab https://scamforex.net/ shows the monthly performance in pips. It’s a very good indicator of a trading strategy’s consistency over time. You can choose to display performances of completed trades or with pending profits or losses.

The average slippage chart is useful to see the average difference in pips between the trades executed by the supplier and the trades copied to followers’ accounts. Slippage may vary, due to the forex signal provider’s trading style and your broker. This is mainly because the spreads offered by brokers are different, and also because execution speeds are different, especially when important economic reports are published.

Does ZuluTrade allow scalping trading?

However, one thing I would say is that you’ll pay extra commission on anything other than Triple A Effects. Now, I think that is because Triple-A Effects is ZuluTrade’s own broker, as much… I think they own the company. So I think that’s why the commissions are a lot lower, it’s quite a low minimum deposit as well. Found them actually to be decent, so no real issues there whatsoever.

I mean, if you can do that consistently, That is life-changing ROI. And so what I’ve done for purposes of illustration is I’ve just opened a demo account. So I’m going to set up some traders and things as if it’s like a new account. So I’ve just set up this demo account, so you can see sort of behind the scenes. And I’m gonna just walk you through it all very quickly now.

Zulu Rank

It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker. The goal of ZuluTrade was to respond to the lack of platforms that allows traders to audit globally and at a simultaneous rate. ZuluTrade has allowed traders to interact with other traders and share their strategies among the trading community. xcritical, it is a social platform that allows traders to interact and share their trading knowledge. However, unlike ZuluTrade, you will only find one broker available, xcritical.

Remember that software’s past performance does not ensure future results and you may lose some or all of your invested capital. Therefore, do not risk the capital you can not afford to lose. Although nowadays there is plenty of information available on every broker, this does not make it easier to take a thoughtful decision. The abundance of information can quickly become overwhelming and confuse traders rather than provide clear answers.

This is an excellent platform for new traders to develop their skills and knowledge. There is little doubt that the platform at xcritical is where their offering really stands out from the crowd. In addition to this, the trading platform offers an intuitive design that is easy to use and provides unique order types to minimise any losses. Trading forex, derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial xcritical.

• This doesnt mean that you cant learn if ZuluTrade is your first platform, but it would be much more beneficial for you if you start elsewhere.
• You got to bear in mind that the success of people’s trading is only as good as the traders that they follow.
• There is no guarantee that when a trader has had a number of years under his belt, hes going to be a good, but this is also not what were saying.
• ZuluTrade does not have standard charges as other forex brokers.

And if you’ve traded for a long time with ZuluTrade, and you know how to turn that off, then, by all means, let me know. If it was anywhere, I would have thought it would be in the Advanced Settings. So you can put a limit in, if you want a limit of the maximum open positions. You can put take profit as well, and so if you want to take profit scammed by xcritical a certain amount with each trade, you can do that. If you set capital protection to 500 dollars, in case the trader is losing 500 dollars in your account, ZuluGuard will step in. Well, you can set it to 500 dollars, But what if you’re happy to just let… you know, what if it’s been some bad news just came out that disrupted a trend.