ZuluTrade review 2024

ZuluTrade, powered by Finvasia, is a social trading and wealth management platform. It lets you trade assets like forex, commodities, cryptocurrencies, indices, stocks, and crypto CFDs by copying the moves of professional traders, also known as leaders. Find out more details in this in-depth review.

Our opinion of ZuluTrade

ZuluTrade is a top-rated social trading and wealth management platform. The main feature of ZuluTrade is copying trading, which allows anyone to mimic the trades of professionals, directly into their own trading account.

Social trading platforms have been rising in popularity in recent years and ZuluTrade stands out among the best thanks to its longevity, ease of use, and good selection of users to copy.

ZuluTrade highlights

Can I open an account with ZuluTrade?

Yes, residents of Belgium can open an account with ZuluTrade.

No, residents of Belgium cannot open an account with ZuluTrade. Consider trying our best-rated broker in , . Find the best broker in

Sign-up with ZuluTrade

Investing options

4.1

What can I do with ZuluTrade?

ZuluTrade is a social trading and wealth management platform where you can copy other traders’ and experienced leaders’ positions or portfolios. The platform ranks leaders based on their performance and you can use that information to copy the best in the business. 

The company began in 2007 as a forex signals provider. Originally, it was simply an outlet for people to find forex trading signals and use its partner brokers to make trades. Over time it has developed into a copy trading platform where you can follow trader leaders to trade a range of different assets. 

What accounts does ZuluTrade offer?

Products, markets & assets

4.2

What products and assets can you trade on ZuluTrade?

With ZuluTrade, you can trade CFDs on all the most popular financial assets through its list of 50+ partnered brokers. As a broker-agnostic platform, ZuluTrade made connecting to any broker that supports MT4, MT5, Act Trader and X Open Hub easy. 

You can place trades on various assets such as major and minor currency pairs, all the leading stocks, and major indices. A handful of cryptocurrencies, commodities, and crypto CFDs are available to trade as well. The table below includes a more detailed list of what’s available on ZuluTrade.

What leverage trading options are there?

ZuluTrade offers a variety of broker choices, each with its own unique set of leverage options. When you create a ZuluTrade account, you have the flexibility to select the brokers with whom you wish to execute your trades. This allows you to choose a broker that aligns with your specific leverage preferences, ensuring a suitable trading experience.

What are the spreads?

ZuluTrade has no control over the spreads because it depends on the broker you choose. Like with leverage, you should take time to research the individual brokers before you sign up with ZuluTrade so that you can choose the best one for you.

ZuluTrade trade sizes and limits

The minimum trade size you can use depends on the brokerage platform you go with. Generally, with the best online brokers you can trade a minimum size of 0.01 lots or the equivalent size for all assets. 

Stocks

Which stocks are available on ZuluTrade?

ZuluTrade users can access a wide selection of stock CFDs via a partner broker. The exact amount available will depend on the brokerage platform you use. Many of the best online brokers offer stocks from several global exchanges so in theory it is possible to access thousands. 

What are the fees for buying and selling stocks?

ZuluTrade itself does not charge any fees for buying and selling stocks, however, you may encounter charges from the broker you use. Fees for trading stock CFDs can vary by generally range between 0.5% – 2%. 

Crypto

What cryptocurrency pairs can be traded on ZuluTrade?

With ZuluTrade you can trade a select few cryptocurrency CFDs. The exact amount will depend on the brokerage platform you use. Many online brokers offer the biggest coins like Bitcoin and Ethereum, although some also include a few altcoins such as Solana and Ripple. Before signing up, you should ensure that your broker offers the crypto you want to trade. 

What are the fees for buying and selling cryptocurrencies?

The exact fees for buying and selling cryptocurrencies will depend on the brokerage platform you use. Generally, most online brokers charge between 1% – 3% for crypto trades. Before registering an account, you should ensure you check the fees with your broker. 

Does ZuluTrade offer staking and rewards?

No, ZuluTrade does not offer any crypto services like staking and rewards. You may be able to access these features via your broker, however, it’s usually best to use a dedicated cryptocurrency exchange if you’re interested in staking and earning rewards. 

Forex

What forex pairs can be traded on ZuluTrade?

The forex pairs you can trade when using ZuluTrade will depend on the brokerage platform you use. Most online brokers offer a good choice when it comes to currencies, so you can expect the majors, minors, and a few exotics. If you want to copy forex signals when using ZuluTrade, check with your broker beforehand, to find the exact pairs available. 

The table below shows a few of the FX pairs that could be available via your ZuluTrade account. 

What are the minimum spreads for trading forex?

ZuluTrade itself does not charge spreads, but you will have to pay a spread to your broker. This will depend on the trading platform you use. In general, spreads for forex start at around 0.03 pips for majors like EUR/USD and USD/JPY. 

Commodities

What commodities can be traded on ZuluTrade?

As with other markets, the number of commodities you can trade via ZuluTrade varies depending on the brokerage platform you select. Below we’ve included a few popular commodities that are generally available with many of the best online brokers. 

What are the minimum spreads for trading commodities?

Most online brokers have variable spreads. This means spreads on commodities can change throughout the trading day. Before registering an account with ZuluTrade, you should check with your broker for exact spread information. 

Deposits & withdrawals

4

ZuluTrade does not charge any fees or commissions for depositing money or trading. The trading fees depend on the broker chosen.

What are the minimum & maximum deposits?

As mentioned above, ZuluTrade does not charge money for depositing funds. Deposit fees may apply to your brokerage account, so you should refer to the fee schedule for your chosen broker before depositing funds. 

What are the minimum and maximum withdrawals?

Like with deposits, you can’t withdraw any money from your ZuluTrade account. All withdrawals come from your brokerage platform. The minimum and maximum will be determined by the trading platform you use. 

What are the deposit and withdrawal options fees, limits, and speeds?

Fees for depositing and withdrawing money will vary from broker to broker. Some online trading platforms let you add and withdraw funds without charge, while others have a small fee. Make sure you check your broker’s fee schedule before adding or withdrawing funds to check for any hidden charges. 

Fees & costs

4.2

ZuluTrade has a few different subscription plans which we’ve explained below: 

Subscription Plan for Investors 

For investors who want to copy the trades of experienced leaders, it is essential to have an active subscription plan. ZuluTrade offers two options to cater to investor preferences: a free subscription plan and a paid subscription plan. 

1. Zero Subscription Plan 

This plan is available to users signing up with Integrated and selected Co-Branded Brokers. Investors who have an account or open a new account with one of these brokers can enjoy copy trading any number of Leader Strategies without being charged the monthly subscription fee. In this case, the copy trading subscription fee is entirely free. 

2. Paid Subscription Plan 

This plan requires a small fee of $10/ Leader Strategy / Month and discounts are also available for Investors who opt for quarterly, semi-annual or annual subscriptions, with cost savings of 5% (quarterly), 10% (semi-annual) and 17% (annual). 

ZuluTrade sets no other fees or trading limits itself, all the rules on how much you can trade and when are set by the affiliate brokers. ZuluTrade is like a hub through which you can manage and send trades to your broker accounts, the platform doesn’t deal with your money itself. 

Some brokers require a minimum deposit to set up an account and even if you use ZuluTrade, you have to abide by those rules. and note that the minimum deposit depends on the broker and ranges from $1 to $500.

How do ZuluTrade fees work?

The only fees you may have to pay directly to ZuluTrade are mentioned in the section above. You will likely have other charges depending on the broker you use, which are explained in the table below: 

What are ZuluTrade’s trading fees?

Many brokers offer free trading and make their money via a commission on the spread – the difference between the buy and sell price of an asset. Do your research into different brokers before deciding which platform to use, as the spreads can vary dramatically and make a big difference if you make a lot of trades.

Platforms & usability

4.2

What devices can I use ZuluTrade on?

You can use ZuluTrade through your web browser and on mobile devices. There is an iPhone and Android app available for download, so you can trade from your phone or tablet as well as on your laptop.

ZuluTrade mobile app review

The ZuluTrade mobile app gives access to your account while on the go. The app works on all mobile devices including iOS and Android. Its sleek design makes it easy to view and make changes to your portfolio from anywhere. The ZuluTrade mobile app has the same features as its web and desktop platform, making it an excellent choice for traders on the go. 

Web trading platform

The most important question any user has is: How easy is it to use ZuluTrade?

ZuluTrade is super easy to use for both beginners and experienced investors. It enables investors to copy and follow the trades of experienced leaders. 

The platform provides transparency by showcasing leaders’ performance for the user assessment through the details performance indicators on the Leaders page including their drawdown and ROI. 

Once you choose the leader you want to follow, all you need to do is click ‘copy strategy’ to copy their trades into your trading account. It’s a straightforward process that simplifies your investment experience.

Key features

ZuluTrade has a number of unique features that make it stand out from other copy trading platforms and signal providers. Below are some of the most important ones. 

Social trading 

You can use ZuluTrade to follow along with the thoughts and ideas of the trader’s leaders who you want to copy. Rather than a signals service which simply provides the details of the trade, on ZuluTrade there is a full social element that helps you get into the mind of the person making the initial trade. 

You can also interact with other investors in the comment section of the Social Feed, or even talk directly to the trader and interact with the leaders themselves to get more information about their strategy.

ZuluRank 

Each trader leader on ZuluTrade is ranked according to their long-term performance. That means it’s very easy to find the best trader leaders on the platform and copy their moves, and you can also pick out trader leaders whose strength lies in the area you’re interested in, such as crypto, stocks, or forex, stocks, indices, commodities and crypto CFDs. 

ZuluGuard™ 

ZuluGuard™ is a risk management tool offered by ZuluTrade that automatically monitors and protects your trading account by disabling a leader if their trading strategy deviates significantly from the expected behaviour or poses a high risk. It helps safeguard your investments in copy trading by mitigating potential losses.

Safety & reliability

4.8

Is ZuluTrade safe?

Yes, ZuluTrade is safe. It doesn’t hold your money itself and it only acts as a vehicle for you to copy other people’s trades directly to a third-party broker. 

There is always some risk with copy trading, but it attempts to mitigate this by providing a full statistical analysis of every trader leader on the platform, so you have as much information as possible before you start copying.

Is ZuluTrade regulated?

Yes, ZuluTrade is regulated in Europe, Japan, South Africa, and Mauritius by the following two license regulatory bodies:

ZuluTrade customer support review

There is a customer service operator on hand to answer all queries 24 hours a day, 5 days a week. You can contact customer support via phone, email, or a live chat feature, and they should be able to answer any questions you may have.

What are the risks of using ZuluTrade?

As with any type of copy trading, the main risk of using ZuluTrade is losing money by following an unsuccessful trader. There are other risks to consider too, some of which we’ve explained below. 

• Copy trading is no guarantee of profits. When you use ZuluTrade, you copy another trader with a history of trading success. However, it is important to remember that trading strategies can stop working and there is no guarantee of success. It’s recommended to follow a few traders and split your funds. 
• Leveraged trading is risky. Most of the online brokers that partner with ZuluTrade offer leverage. While leverage can be a positive for profits, you can quickly lose your money by over leveraging. It’s recommended to use no, or low leverage, especially if you’re a beginner. 
• Financial markets move quickly. Some of the markets available on ZuluTrade are known for fast and volatile movements. Assets like crypto can be very lucrative but also are very volatile. 

Research & analysis tools

4.1

What trading tools are on offer?

There are tools and charts available to track each trader’s leader’s performance before you start to copy them. You can also find the most up-to-date charts on individual assets, so you can see an accurate price history of everything that’s available on ZuluTrade.

Education & learning resources

4.6

What educational resources are on offer?

The platform offers a range of educational resources, catering to users at all levels. So, whether you are just starting your trading journey or have been in the market for quite some time, you can find relevant resources through this platform.

Simulator 

ZuluTrade Simulator Tool lets you test the Leaders’ strategies based on their past performance and see how you could profit by following their strategies. 

Demo Account 

A demo account on ZuluTrade provides investors with a risk-free environment for practising trading strategies and learning about the platform’s features without using actual funds. It allows users to gain experience and confidence before transitioning to live trading. 

Social feed 

Through the Social Feed, investors exchange opinions regarding the markets as well as traders’ leaders’ strategies on the ZuluTrade forum. Additionally, they can search for hashtags according to their interests which in turn will help them in finding find the most relevant posts.

ZuluTrade video review

ZuluTrade customer reviews

ZuluTrade reviews	Review rating
Trustpilot	3.1
Google Play store	3.8
App Store	4.3

Our verdict

ZuluTrade is a simple-to-use social trading and wealth management platform that’s great for beginners. It holds no money itself and is very transparent with the performance of every trader leader you can copy, which makes it a safe and reliable platform for anyone new to financial trading. 

With its range of support features, including educational resources and guides, video tutorials and a discussion forum, there’s plenty of information to help you get started. 

Following traders’ leaders’ thought process through the social feed can also serve as a good learning experience.

Who is ZuluTrade suitable for?

ZuluTrade is a suitable platform for all levels of trader. Beginner traders can use ZuluTrade’s services to copy leaders on the platform and earn profits while learning to trade. Experienced traders or investors can become leaders and earn additional money by allowing others to copy their trades.

Experienced users can also use ZuluTrade to develop new strategies or copy leaders who trade a different asset class, which can help to diversify a portfolio.

Is ZuluTrade good for beginners?

Yes, ZuluTrade is an excellent platform for beginners. If you’re a beginner you can use ZuluTrade to copy the positions of experienced traders and earn profits while learning to trade for yourself. ZuluTrade is a very beginner friendly platform that is easy to navigate and use, which makes it a top choice for those just starting out.

Our methodology

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each broker to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other trading platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the platform, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the broker is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The trading platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process. 

FAQ

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