ZuluTrade Review 2024: Is it the best platform for social trading?

Understanding ZuluTrade

ZuluTrade is an innovative social trading app that distinguishes itself from its competitors. Founded over a decade ago, the company has introduced additional markets to trade beyond forex, including crypto and stock CFDs copy trading.

It is headquartered in Piraeus, Greece, with a presence in over 150 countries, over 90,000 vetted traders, 1.5 million registered users, and 60 brokers available. According to Zulu, it has the largest copy-trading community in the world.

Users can choose between a demo account and a real account. There are two groups: vetted traders who share their trades for others to copy, and investors who copy the works to stay profitable.

Zulu has a plethora of features, notably including a tool called “Automator” which executes trades under certain conditions; Social network features which the sense of community between users and traders; a forum and comment section; and a vital feature called “Lock Trade”that is used to confirm the execution of an order.

Another significant part of Zulu is that you can directly link their trading account to MetaTrader (MT4 & MT5) app without hassle however not all broker support MetaTrader like Tradeo. It can be connected to the live account or a Demo account where you learn and practice before delving into the actual trades. Another terminal you can link your Zulu to is the ZTP.

ZuluTrade’s Security

Your security is at the center of ZuluTrade’s focus, and they have maintained a high level of integrity.

Personal information, including transaction, application, and verification information, are collected while using the app and are secured in compliance with the General Data Protection Regulation (GDPR).

In addition to this, ZuluTrade ensures the inclusion of a Secure Socket Layer (SSL) encryption technology to protect the information submitted. There’s an additional layer of security for you, including firewalls, authentication systems and access control mechanisms, and it helps prevent unauthorized access into systems and users’ data.

However, be aware that ZuluTrade might disclose and share users’ personal information with affiliates. This information might include your name, address, account information, etc. ZuluTrade never discloses or shares users’ information with non-affiliates of ZuluTrades.

In some instances, data is disclosed to fulfill a specific action. Your data may be shared among third parties helping ZuluTrade provide service to you. Beyond this, ZuluTrade doesn’t sell users’ personal information.

The ZuluGuard™ is another critical feature for ensuring your funds are secure by minimizing possible losses and maximizing asset security. ZuluGuard™ comes into play by serving as a safety net for traders. It works by stepping in for trades when there’s a significant and noticeable change in the trader’s preference. This monitoring process is done every second, even when a user isn’t active at all.

ZuluTrade’s Regulation

ZuluTrade has ensured regulatory compliance across several jurisdictions, including the US, Europe, and Japan, to protect you further and increase its services’ transparency.

In Europe, it’s regulated by Hellenic Capital Market Commission (HCMC) and in Japan, by General Japan Investment Advisers Association. These licenses show ZuluTrade complies with the regulations to promote transparency and reassure customers of its legitimacy.

ZuluTrade’s Training

ZuluTrade has a robust library that educates users and non-users alike. The site provides plenty of information about trading and wider industry knowledge.

The content formats are different, including guides, tips, blogs, articles and videos. The resources cover the technical aspects of trading, like volume based analysis, wedge, Everest pattern, and other trends and nontechnical aspects of trading, like how to set up an account on Zulutrade.

What makes ZuluTrade stand out is that there are different languages for you to choose from, depending on your choice and preference. Currently, an impressive 26 languages are on the ZuluTrade site.

The addition of a demo account demonstrates how robust and comprehensive ZuluTrade is. A demo account gives you the opportunity to practice trading ideas and strategies before heading out to trade on a live account.

Withdrawal and Deposit

Withdrawal and depositing are two aspects of any platform that should embody a seamless experience for users. ZuluTrade, since its inception, has held this as a standard.

ZuluTrade requires a minimum of $100 deposit to be connected; beyond that, the minimum deposit required is subject to the broker you use. FXVIEW requires a $100 deposit, AAAFx requires $300, AXI requires $200, Royal it’s $250, and SWISSQUOTE requires a $2000 minimum deposit. Some brokers charge a deposit fee; verifying whether your desired broker has a fee is advisable.

There are different deposit options available as well. You can use a bank transfer, credit or debit card, or e-Wallets such as Skrill or Neteller. For withdrawal, the process is similar to depositing; the same method used above can be applied. As with deposits, checking if your broker charges a withdrawal fee is essential.

Discover top binary options brokers tailored to your region. Browse our curated lists by country:

All Brokers | Top Brokers | USA | Canada | UK | Australia | Nigeria | India | New Zealand | Germany | Turkey | Spain | France | Ukraine | China | Indonesia | Pakistan | Bangladesh | Russia | Mexico | Japan | Brazil | Philippines | Vietnam | Iran | South Africa | Italy | South Korea | Argentina