You will find that you can choose from a long list of different brokers that are headquartered in different countries. This makes ZuluTrade different, and better than most auto trading platforms because of its variety. There are other social trading platforms that only enable you to view the last 50 to traders in your performance portfolio. However, to guarantee transparency, all previous and current trades are available for display with ZuluTrade.

You will not be restricted from looking at any of your old trades.

ZuluTrade provides traders with low trading fees, where you will only be charged for the spread. You, as a ZuluTrade member, will not have to consider paying for entry costs or any transaction fees. In addition, the minimum deposit required is only a couple of hundred dollars and never higher.

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The ZuluTrade auto trades platform is a social and copy trading platform that allows you access to an online trading community. This trading platform enables you to duplicate trading strategies of expert traders in financial markets. The target audience of ZuluTrade are of two types: signal providers, who are expert traders, and followers. Signal providers are traders with extensive trading knowledge and an impressive trading track record.

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Followers are traders who are allowed to duplicate the strategies of signal providers and other followers. ZuluTrade tackles both novice traders and experienced traders, meaning that it is welcome for everyone.

Account Features

Experienced traders will be able to offer their expertise and trading knowledge for followers to duplicate. As for novice traders, they will be able to learn through a hands-on approach about the way financial markets and trading works. ZuluTrade gives the option to traders that they can start executing trades like a pro, without having to start from the bottom. With copy trading platforms, novice traders can take a shortcut to the top without facing any financial.

This auto trading platform provides a service known as ZuluGuard, which automatically unfollows a signal provider if the trading strategy of the signal provider changes. This guarantees that the follower not inadvertently make a wrong trade by following a new strategy. This means that you will be able to track your activity and confirming that the platform is following through with the strategy you selected.

You will also find different features that resemble those of a social network platform, where you can comment on posts and interact on message forums. ZuluTrade also offers a feature known as ZuluScript that enables traders to create scripts that are defined as criteria for trading robots, or as you better know them as Expert Advisors EAs to make trades automatically. In addition, ZuluTrade offers a binary option social trading platform, which is not common to find in auto-trading and social trading platforms. This will give you a more transparent trading experience while copy trading with ZuluTrade.

With ZuluTrade, you have the option of selecting from a range of base currencies, according to your Forex broker.

FormaxTime Broker Review

This means that ZuluTrade does not limit you to one base currency, but allows you to deposit and withdrawal funds based on your existing base currency in your trading account. You will not have to convert your funds, meaning that ZuluTrade values your comfort. ZuluTrade has a low minimum deposit amount required, depending on the broker you are dealing with. There are brokers who are partnered with ZuluTrade that will require a minimum deposit of 1USD, up to brokers who will require a minimum deposit of USD. However, it does not get any higher than that.

You also have the option of joining a free trial to try out ZuluTrade, an unlimited and free Demo Account. The Demo Account is a hands-on approach on how you can use ZuluTrade and watch the ZuluTrade auto trading platform in action without facing any financial risk. Although ZuluTrade does not have any non-trading fees that are even above average, there is a high cost when it comes to trading fees.

You will have to consider that you will be charged with a commission for every trade for linking your trading account to ZuluTrade, in addition to the normal spread that requires payment. You will also need to consider that you may be charged an overnight fee, for keeping your position open for longer than a day. With ZuluTrade and any other auto trading platform, you will need to pay an overnight fee. There are two types of trading accounts that you will need to consider before signing up: the profit share account, and the classic account.

The Classic Account is recommended for advanced traders who have been trading for a while, and the Profit Shares Account is preferable for novice traders who are just starting out. The Classic Account, or model, offers you the option of getting paid 0. The pip cost correlated to the currency pair traded, the type of trading account of the signal provider, and other different factors. As a US trader, ZuluTrade will financially compensate you through a flexible monthly membership fee, but Japanese residents will not be able to generate profit because of local restrictions.

With the Profit Share Account, or model, you mostly generate profit through your performance. The Performance fee is only applicable for the amount above the maximum profit made by the trader, which is known as the High Water Mark HWM. With ZuluTrade, you have dozens of Forex brokers to choose from. The list on their website allows you to see the selection of brokers it is currently partnered with.

Unlike most auto trading platforms, this copy trading platform values variety. ZuluTrade provides multiple trading tools, different trading accounts, and a list of Forex trading brokerage firm to give you the option to choose. You can choose from their list of more than thirty Forex brokers or look through the table below. These Forex brokers will provide you with the option to use ZuluTrade as a copy trading platform.

Formax Prime Review

You will not be able to use ZuluTrade without having a trading account from one of the above mentioned Forex brokers. ZuluTrade targets two types of traders: signal providers and followers.

Signal providers are expert traders who have a track record in successful trading activity and extensive trading background. They allow followers to copy their trading strategies and followers use it as their own. As a follower, the signal provider you have chosen to follow will have their trades automatically executed in your broker account.

Signal providers are financially compensated for their popularity and the success rate of their trading strategies among followers. This means that the less popular you are as a signal provider, the less you are financially compensated. Evidently, this broker is not using the platform to its full potential.

Most Formax opinions are focused on the quality of their site or on the types of accounts they offer, but bonuses and trading benefits are an equally important element. When it comes to the quality of customer support with Formax Forex broker, this company is not offering high-quality services, and clients could face problems when trying to solve some difficult or unexpected occurrence.

When it comes to payments and banking methods, you can deposit your funds with the help of traditional means of transferring money to and from your account, and these include credit cards, e-wallets, and wire transfers. Formax is still a relatively young company, and that is also one of the reasons why our Formax FX broker review was not too harsh. However, this brokerage has a lot of room for improvements, and it remains to be seen if they will raise their standards in the upcoming period. Have fun with binaries!

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