Products: Forex trading, Binary trading
Welcome Bonus: no welcome bonus, you can open a free Demo Account
AUDITING TRADERS GLOBALLY
Zulutrade's aim in 2007 when it was founded was to establish an online platform that can audit traders globally and at the same time. Zulutrade was one of the first to launch a web-based program that enables traders to share their knowledge with people who are not specialists, but interested in Forex/Commodities trading.
SIMPLE MARKET TOOLS
Zulutrade have definitely grown to become one of the best developed online platform in Social Trading today by keeping their market tools simple so that non-specialists can quickly familiarize with it. Following the best traders has never been easier than with Zulutrade and whit some experience one day you might become followed as well, allowing you to earn extra money beside your own active trading activity.
To enable beginners to make the best choices, Zulutrade developped ZuluRank, which is a proprietary algorithm that ranks traders by analyzing all kinds of factors, such as the amount of trading activity, the draw-down of each trade and the entire PnL, 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. Even if the rule that past results are no warranty for future success, Zulutrade offers you plenty of information to give you the best chance to enter into interesting trading transactions.
Zulutrade is a EU Regulated Trading Platform and there are hardly any reasons for you not to enjoy one of the the best online auto-trading experiences out there that matches also the highest regulatory standards.
HOW DOES ZULUTRADE WORK?
First of all you have get familiar with 'Signal Provider' term, which is the name of the eventual trader that you might want to follow. Basically, instead of doing your own research, you will simply trust and follow these Signal Providers. If you chose a Signal Provider, Zulutrade will automatically add their trades into your account. If they had been successful, you'll be too, if they had lost, you will as well. Of course, as soon as you realize that a specific trade is not beneficiary for you, you can close it manually any time. You can also set what type of trades you want to follow (EUR/GBP only for example) and you can apply limitations also to single Signal Providers (you'll follow his USD/EUR trades but not his USD/GBP trades for example.
DEMO ACCOUNT FIRST, THEN REAL MONEY
If you open a Demo Account with Zulutrade, you will be able to access the same Signal Providers as with a real account and you'll be able to use the same analytical tools as with the real money account. Interestingly, Zulutrade even allows you to become a Signal Provider yourself by using the Demo Account where no real money is involved. Once you decide to swap from the Demo Account to the Real Money Account, you'll need to sign up with of over 40 brokers that Zulutrade support. AAAfx is the one that they push the most, understandably, as they are part of the same Holding Company as themselves, but you can freely chose any other one from the list.
WHERE DOES ZULUTRADE EARN THEIR MONEY?
The generel use of the Zulutrade platform is free and you will follow your preferred Signal Providers (Traders) for free. Zulutrade earn their money in the Spread that is included in each trade. Signal Providers get paid directly from Zulutrade if their end of month profit is positive. Zulutrade is not earning money when you lose money, account holders and them both are part of the same boat.
Check out the Zulutrade webiste and if your impressions are as good as ours don't hesitate much to open a free Demo Account.