Social trading has been on everyone's lips in investor circles for several years. In the meantime, several providers have also established themselves, which concentratein addition to the market leader eToro on the social trading segment. There are several types of providers: The providers of the first group act as brokers themselves and offer their customers not only a large selection of signal generators but also a depot and its management. Other companies, on the other hand, concentrate solely on the mediation of investors who are looking for new impulses for their strategy and attractive signal providers. One provider from the last group is ZuluTrade, a company based in the USA and Hong Kong that has been active since 2007 and focuses on social trading in forex trading. We did the test whether it is worth registering with ZuluTrade or not.
|🥇 Best Vendor||ZuluTrade|
|⭐Rating||4.0 / 5.0|
|🐂 Trading options||individual options|
|📈 Underlyings||individual values|
|💻 Trading platforms||individual platforms|
With branches in almost 200 With it, ZuluTrade brings traders and signal providers from all over the world together in countries scattered across the globe. As a unique selling point, the company argues that, due to the high degree of international networking, it is particularly close to the markets and customers can thus benefit particularly effectively and quickly from corresponding developments and trends. ZuluTrade has also been present in Kenya for several years, although the regional affiliation is not that important. Because as a customer you can draw on the concentrated experience of the unbelievable number of around 100,000 seasoned traders from all over the world. In contrast to conventional financial advice, in which the knowledge of the financial markets only indirectly reaches the investor, as a follower of a successful signal provider or top trader you can benefit directly without having to be active on the market yourself.
The According to the principles of social trading, ZuluTrade's business model provides for the administration of the depot to be linked directly to one or more signal providers. Investors who are convinced of the principle of social trading face the challenge of finding the right signal provider or providers. After all, these actors are entrusted with part of their assets. A primary task of a company like ZuluTrade is to support the investor in this search as effectively as possible. We have subjected ZuluTrade to a test and are presenting the results in the following review.
ZuluTrade video preview
In the following video you will find a summary of our experience with ZuluTrade. We'll also show you how to sign up and also show you how to get started with the provider.
To preview ZuluTrade, watch the video now:
Our experience at a glance
On paper, ZuluTrade offers a lot that the investor can imagine in the area of social trading. The question that many investors will ask themselves in this context, however, is what the offers look like in practice. First of all, it has to be said that ZuluTrade focuses on a highly speculative segment of social trading with Forex trading. While other providers can also pursue conservative strategies with stocks or index funds, the focus of the signal providers gathered at ZuluTrade is on highly speculative trading in the area of forex trading. The basic principle of this type of trading is that it mainly speculates on small price movements, regardless of long-term trends, and uses leverage; Also called leverage in technical jargon, an attempt is made to maximize the return. The use of leverage means nothing other than that borrowed capital is used in trading. ZuluTrade sometimes offers leverage ratios of 1:1,000. The enormous profit opportunities this opens up are offset by considerable risks. Traders in this segment make their investment decisions primarily based on technical chart analysis. Fundamental market data, on the other hand, are hardly included. By binding the trader to a specific signal provider, he is taking on a risk that is sometimes difficult to calculate and for which he is solely responsible in the event of an emergency. In addition, when selecting a possible signal provider, the focus is primarily on the returns achieved in the past. This looks very tempting at first. But experience on the stock exchange shows one thing clearly: future developments can only be drawn from the past to a very limited extent. This is especially true in such a speculative segment. Basically, one relies solely on the talent of one or more signalers. From our point of view, ZuluTrade therefore hardly seems suitable for investors who are primarily looking for strategic and long-term models for their investments.
|Company||Triple A Experts SA|
|Address||14 Akti Kondyli, Piraeus, 18545, Greece|
|Tax number|| |115||998281207|
|Regulation/License||HCMC Greece, # 2/540/17.2.2010|
|Live Chat:||24/7, deutsch|
The situation is different for investors who are fundamentally willing to take a higher risk in trading. But here, too, one should not blindly confide in the first top trader who comes along just because they have achieved a high return in the last few weeks. A period of at least six months should be taken into account for the assessment of the qualities. It is also conceivable to spread the capital, which is to be used for trading with ZuluTrade, over several signal providers. In addition, every investor is advised to only ever enter this trading segment with a small proportion of the available capital. It is important that this capital can be dispensed with in an emergency. It should also be clarified in advance to what extent there may be an obligation to make additional payments in relation to your own deposit or the signaller. In principle, this case can occur in the case of highly speculative trading activities. It should be determined in advance whether investors are willing to do this and what the corresponding pain threshold is. Even if ZuluTrade promises on its website that as an investor you don't have to worry about anything from now on by working with Zulutrade, a detailed study of the financial products mainly used is urgently recommended. This is the only way to realistically assess the respective risk. Basically, experience shows that ZuluTrade is a reputable provider that does not tolerate fraud or rip-off among its traders and intervenes quickly if the worst comes to the worst. However, this must be distinguished from the risk of a trading strategy, which the trader bears alone. Investors should also know that their signal providers earn money from every transaction, which in principle can also lead to false incentives in the sense of many transactions. However, the investor has the option of limiting the number of parallel trades, which is also highly recommended in order to limit the risk.
Bonus für Neukunden
ZuluTrade is a pure platform that specializes in binding the most successful experts in stock exchange trading and letting private traders benefit from their strategies, in which these individual signal providers connect. However, it is not part of the business model to manage customers' money directly. Rather, a connection is established with the current broker through which the trading signals are transmitted. For followers, there are corresponding bonuses only when opening a separate depot, which should not be an issue here.
Boni in a broader sense, on the other hand, there are for top traders. If a successful signaler finds a certain number of followers, this will also affect their earnings, as they will immediately benefit from the number of trades they trigger. He is rewarded for every trade, which can add up to considerable additional income in the case of active traders with many followers. However, the path to this type of bonus is very lengthy.
Deposit and withdrawal
The topic of deposits and withdrawals does not play a role in relation to ZuluTrade, since it is just a platform which is linked to the depot. The specific regulations of the respective depot operator apply accordingly.
|Inputs and withdrawals for trading at Zulutrade|
|Payment options||depending on the connected broker|
|Mindesteinzahlung:||depending on connected broker|
|Fees:||depending on connected broker|
|Account management possible in:||depending on the connected broker|
|Payout options:||depending on the connected broker|
Security and regulation
The special features also apply here a platform that pass on the risk of non-payment to the respective operator. Basically, ZuluTrade as an internationally operatingSocial Trading Platform no specific regulations, as is the case with funds, for example. The company mainly builds on its own regulations to avoid rip-offs and fraud. One feature offered by ZuluTrade is ZuluGuard, which is a software feature that allows the account to be continuously monitored. Important parameters must first be set accordingly. The main functions include capital protection in the form of an individually defined capital limit. In addition, the investor can determine how to proceed automatically if a certain loss limit is reached. Beginners in particular are strongly advised to use these mechanisms to protect themselves from losses.
In this sense, extensive use should also be made of the demo account offered free of charge, where potential investors can first test how themselves a real investment will have a long-term impact on your account balance.
Support and Customer Service
In terms of support and customer service, ZuluTrade offers a wide range of services. This is first reflected in a 24/7 hotline. Canadian-speaking employees of ZuluTrade can also be reached via LiveChat at any time. All other communication options, such as email, are also available. Another source of information is the forum, where questions are also asked and answered. In addition, ZuluTrade offers its customers further market-related information. This includes, for example, a calendar in which important events relevant to the financial market are noted. This includes the publication of interest rate decisions or the announcement of sales figures for certain industries. On the other hand, ZuluTrade does not have a specific further training offer in the form of webinars or comparable offers.
User-friendliness of the website
All in all, the investor at ZuluTrade can expect a professionally designed website where all the information is right are clearly available. However, the visitor notices at one point or another that the Canadian-language version is still quite young and was partly translated hastily. In addition, given the huge number of top traders, the search function leaves something to be desired and, in our experience, is too focused on the topic of returns. In general, one has to say that given the complex structures and relationships in this market segment, the information is somewhat sparse. At the very least, they should not be suitable for explaining the underlying trading principle and the associated risk to an absolute beginner. However, this knowledge is elementary for a follower on ZuluTrade.
ZuluTrade's range of services naturally also includes the option of using an app to track trading and make and implement appropriate decisions. The app is free and available for all common operating systems. In principle, a large number of functions can be used. ZuluTrade also offers a desktop widget. This also allows the development of positions and the status of available capital and realized profit to be followed live very conveniently.
Conclusion - Enter highly speculative forex trading with ZuluTrade
Who is interested in ZuluTrade should know that they are entering an extremely speculative area of stock trading that has little to do with long-term investing. Nevertheless, massive profits are possible in this segment and through the principle of social trading, even the simple investor with comparatively small amounts can benefit from it. This is all the more important as working as an active investor in this area takes up a lot of time, which can hardly be reconciled with a regular professional activity. ZuluTrade's offering thus fills an important gap in the market. Investors should always make themselves aware of the risk involved, which is why they should only enter this segment with a clearly defined budget.
For me, ZuluTrade was only intended as a springboard for "real" Forex and CFD trading, but it has now become my absolute favorite. At the beginning I wanted to learn from experts and advanced traders through the social trading option, and that has worked out very well so far. Then I slowly started trading without the social trading stuff and this has also developed very positively thanks to the many different educational offers. Unfortunately, most of them are only available in English, which is not a problem for me. Traders who only speak Canadian may face difficulties here. However, I think that the offer will soon be further developed for the Canadian market and that I will then receive all the information in my language.
written 73 months ago
Bei ZuluTrade sind die weltweit besten Trader versammelt und ich habe die Möglichkeit, von deren Strategien zu profitieren. Dabei habe ich nicht nur gute Gewinne gemacht, sondern auch viel dazu gelernt.
written 64 months ago
It is very reassuring to know that there in every market situation it is possible to quickly reach a ZuluTrade employee who also speaks my language.
written 61 months ago