ZuluTrade

Brand name

ZuluTrade reivew

One of the oldest and reputable copy trading networks with additional opportunities to socialize and chat with others. The interface is slightly outdated, although the trading network is now trying to pick up with modern design trends and has recently started experimenting with new layouts. ZuluTrade has a lot of followers and offers a wide selection of trading strategies. However, some copiers complained online about high slippage. ZuluTrade additional features include Social Charts and Trading Wall — both let you keep track on the most recent trades of all strategy providers, disregarding whether you follow them or not. There is also a Trading Calendar which may be useful for planning and opening individual trades.

ZuluTrade compensated through spread received from partner brokers. Broker spreads vary but remain relatively high in most cases. AAAFx broker is heavily advertised as a commission-free one which doesn’t fully reflect reality. While AAAFx doesn’t have spreads, they have a transaction fee of $20 per lot, which is equivalent to 2 pips. Becoming a strategy provider at ZuluTrade is extremely easy: any trader can register as one and start receiving 0.5 pip per lot traded on their following account. All signal providers at ZuluTrade are ranked based on a number of factors including their number of followers and amount of assets under management.

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