Today we review ZuluTrade for you. What is ZuluTrade? How does it work? What services is provided to you? Are their services legit or should you look elsewhere? This is just a few of the questions we help you answer today!
Name of the Company: ZuluTrade
Official Website URL: https://www.zulutrade.com/
Owner: Leon Yohai
Overall rating: (4.5 / 5)
Recommended? : Yes
In the competitive corporate world waters, it has become quite essential for companies to establish their unique service provision models, in order for them to remain afloat. With the advancement of social media platforms and the better access to information, customers are becoming more reliant on what is said or written about a certain company before carrying out any sort of activity with any company. In this review, we shall be looking at ZuluTrade, as we try to provide you with the relevant information that you can rely on to decide whether you can do business with it. We shall also be looking at how it works, the products and services it provides, as well as the unique pros and cons of its service model.
What is ZuluTrade?
ZuluTrade is the brainchild of Leon Yohai, who in 2007 decided to come up with a solution to the lack of a suitable web-based trading platform that was capable of auditing traders on a global scope, concurrently. ZuluTrade was also created to fill the market gap arising from the lack of a platform that could enable traders from all over the world to share their knowledge with those who would be interested in being let in on the best trading strategies.
Upon its creation, ZuluTrade was able to bridge the gap between the very valuable information about money markets, and the execution of various trades, by having the advice from some of the top crème traders converted into a service which could rapidly execute trades. In addition to that, the platform that Yohai created was able to easily drive selected trades to the broker accounts of all the interested parties.
Essentially, this company’s operational concept is to have an open environment in which traders from all corners of the world can connect any type of trading platform they are currently relying on to share their knowledge. In order to solidify its position in the market, ZuluTrade teamed up with Formax Group in 2017. Formax Group exists as an innovative company that is dedicated to the provision of all-round financial services. Both companies share a vision to become the world leaders and one-stop-shop for all investment requirements borne by investors. Their plan is heavily based on the provision of customer-centric solutions offered through the largest social trading platform that has a global footprint.
How does it work?
Clearly, ZuluTrade is out to conquer the world, as can be depicted by its unique operational model and strategic alliance. In order to have more customers on board, this company has had to simplify the explanation on how exactly it works.
Surprisingly enough, everything about how ZuluTrade operates can be summarized into three easy steps as follows:
1. Traders from all parts of the world join ZuluTrade
Traders join ZuluTrade through connecting their accounts to the ZuluTrade web-based platform, and they begin sharing their strategies.
Note that you can either join the platform as an investor or a trader.
2. ZuluTrade ranks these traders
ZuluTrade then ranks all the traders on their platform. The elements used to rank the traders are: Return on Investment (ROI) and Risk Behaviour.
3. Other Investors can then select the most relevant strategies to copy
The investors who are out to make a profit can then choose which strategies to copy, based on their trading capital and their risk aversion (appetite)
Products and services offered?
ZuluTrade offers traders a platform that has quite a number of very useful features. In relying on those features, along with the strategies provided by the successful traders, one can make a decent income.
The main features that every user on the ZuluTrade platform gets to enjoy are as listed below:
1. Automator- This feature automatically executes trading events and also notifies you when anything happens.
2. Social Charts -ZuluTrade provides social charts on which the traders can communicate with each other, give their views, and explore various trends.
3. Tradewall- Shows the trading events as they happen.
4. Calendar –Traders can view a summary of all key trading events from every corner of the world.
5. Lock Trade –Allows traders to verify the execution of trades upon receiving a trade signal.
6. Margin Call-o-Meter- Gives estimates of the chances of a trader running out of money, for instance, if they get a margin call. With this feature, you can actually determine how much capital lies at risk if you decide to execute a trade.
7. ZuluGuard- This feature protects the copy traders from losing their capital if the expert traders they are copying make erratic trades.
8. Cryptocurrencies –You can copy the trading strategies adopted by the high-flying crypto traders from all over the world. This feature allows you to rely on a profit-sharing account to auto trade several cryptocurrencies.
All the above, and more, features are availed to customers who create their own ZuluTrade accounts.
There are essentially two types of accounts that ZuluTrade allows its customers to open. These are :
– A profit-sharing account- with this account, the expert trader who is being copied by the copy traders gets paid when the copy traders gain a profit, and they get penalized when the copy traders post a loss. This account is suitable for beginners.
– Classic account- This type of account is suitable for those who have already mastered the trade. With this type of account, you get benefits in the form of compensation from the copy trading activities, as well as the volume-based commissions.
Is it a scam or is it legit?
ZuluTrade is a legit company which has managed to earn the trust of quite a large number of traders, in the capacity as expert and novice traders. The superiority of the platform provided by this company has been reflected in the various reviews provided by review sites as well as consumer trust sites.
From Daily Forex (https://www.dailyforex.com/zulutrade/zulutrade-review/190), for instance, you can easily tell that ZuluTrade offers its customers the much-needed ease-of-use, by availing them with a user-friendly website which can be accessed in more than 25 languages. With the multi-lingual live chat option, the largest percentage of traders can access help through having feedback delivered through their native language. The reviews given by the customers on this site also point to ZuluTrade being an efficient platform.
There is also a detailed review of ZuluTrade on DayTrading.com (https://www.daytrading.com/zulutrade) that also reinforces the fact that this company is genuine, and that the services it offers to clients are genuine. On Social Trading Guru (https://socialtradingguru.com/traders/zulutrade-trader-reviews), there are numerous reviews done by signal providers, and all these points to this company being genuine.
I would recommend that you start out like this (if you are a beginner) until you feel confident enough to trade with your own money.
With the numerous resources availed to you in the form of copy trading and social trading tools, you can make an impressive amount of money as an investor. Novice investors can learn the various strategies as they copy the examples set by other traders, and in this way gain money. The expert traders can earn from being compensated every time a copy trader makes a profit.
Pros and Cons
It is always wise (and recommended) to compare the positive sides against the negative ones to get a better overall view of something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
-Easy to use
-Excellent customer support
-Avails historical trades
-Allows clients to trade in cryptos
-Numerous tools availed.
-A free demo account is available.
-Has mobile apps to facilitate the trades.
-Expert traders (signal providers) do not have to use their own capital hence the copy traders can lose their cash by following them if the trade does not go as expected.
-One still has to spend a lot of time selecting the best combination of investors.
-No formal vetting is done for the signal providers.
Do You Own or represent ZuluTrade?
If you are a representative, or associate of ZuluTrade and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or by sending us an e-mail to contact goldretired.com.
Final words and verdict
Overall rating: (4.5 / 5)
Ok, I think that sums up the overall view of ZuluTrade pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
Something I personally like is that they do offer a demo account so you can practise until you feel confident enough to start trading with your own and real money.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
I hope you found this short review of ZuluTrade to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com