Zulutrade review

Zulutrade is a social wealth management platform that lets you trade assets like forex, commodities, cryptocurrencies, and stocks by copying the moves of professional traders. Find out more details in this in-depth review.
By: James Knight
James Knight
James is a lead editor for Invezz, where he covers topics from across the financial world, from the stock market, to… read more.
Updated: Nov 10, 2022
3/5 Star rating
12 min read
Listen to this article
Visit site & Sign up

With Zulutrade you can find and follow the best financial traders. Its powerful social wealth management platform allows you to follow each trader’s every move and analyse their past performance, so that you only copy the best in the business. Read on this review to learn more about the platform, how it works, and whether you should sign up today.

Pros & Cons

Pros:

Transparent copy and social trading platform
Detailed statistical analysis of every trader
Automate your portfolio with the best performers

Cons:

What can I do with Zulutrade? 

Zulutrade is a social wealth management platform where you can copy other people’s trades on stocks, forex, commodities, cryptocurrency, and indices. The platform ranks traders based on their performance and you can use that information to copy the best in the business.

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

Zulutrade markets, assets, and options 

What assets and products can you trade on Zulutrade? 

With Zulutrade you can trade CFDs on all the most popular financial assets through its list of 70+ partnered brokers. That means you can place trades on major and minor currency pairs, all the leading stocks, and major indices. A handful of cryptocurrencies and commodities are available to trade as well.

The table below includes a more detailed list of what’s available on Zulutrade.

ProductsOffering
ForexBroker dependent
StocksBroker dependent
CommoditiesBroker dependent
CryptocurrenciesBroker dependent
IndicesBroker dependent
See all products >

What leverage trading options are there?

Zulutrade places trades through integrated brokers, so the amount of leverage is controlled by those platforms. When you sign up for a Zulutrade account, you decide which brokers to place your trades with, which means you need to pick one that offers enough leverage options for you.

What are the spreads? 

As Zulutrade places trades through its integrated brokers, it has no control over the spreads on offer. 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.

Fees, limits, and payment options on Zulutrade

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

There is one account type on Zulutrade; the Classic acount which comes with no additional fees and the only commission you have to pay is that charged by each broker.

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 in order to set up an account and even if you use Zulutrade you have to abide by those rules. The minimum deposit ranges from $0 to $1000, but is most often between $100-$200. Zulutrade also advises that you maintain a minimum balance of $100 in your ZuluTrade account at all times to stay connected to the platform.

How much are Zulutrade’ fees and commissions? 

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

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.

Zulutrade trade sizes and limits 

There are no limits on trade size on Zulutrade, all limits are set by the brokers themselves. You can find out what the limits are on those platforms by researching them individually before you sign up.

Zulutrade’ trading platform 

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.

Can I use Zulutrade in my country? 

Zulutrade is available in 183 countries around the world. For a full list of countries in which you can access Zulutrade, see below.

Is Zulutrade available in my language? 

ZuluTrade can be accessed in the following languages: English, Russian, German, Chinese, Spanish, French, Italian, Polish, Arabic, Czech, Danish, Greek, Finnish, Hebrew, Hungarian, Japanese, Bahasa, Dutch, Norwegian, Portuguese, Slovenian, Swedish, Thai, Vietnamese.

How easy is it to use Zulutrade? 

Zulutrade is extremely simple to use for beginners and experienced users alike. It’s a platform for managing your broker accounts and using them to make copy trades from other users. Whether you have no experience trading or are a regular signals user, you can get up to speed with Zulutrade very quickly.

It’s easy to follow other traders and get updates as soon as they post a trade, and all you need to do is click ‘copy’ to send the trade to one of your assigned brokers.

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 traders 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 users in the comment section, or even talk directly to the trader themselves to get more information on why they decided to make a particular move.

Ranking algorithm

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

Combo trading

Zulutrade offers a feature that completely automates the trading process. You can create an account that automatically picks the best trades from the best traders and copies them over to your chosen broker.

The Combo+ option takes that a step further and automatically rebalances your portfolio and requires no oversight at all. It simply selects traders based on their long term record – only trader with a hit rate above 30%, long term positive ROI, and more than three months of stable returns qualify to be included – and does all the work for you.

Security and regulation 

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 on the platform so you have as much information as possible before you start copying.

Am I and my funds protected? 

Zulutrade doesn’t hold any of your funds itself, so your protection comes from the brokers you actually trade with. You should investigate whether those platforms are regulated and if they offer any form of investor protection before you sign up.

However, Zulutrade does offer some features that act as a failsafe in case trades go wrong. There is a Monitor My Account feature which you can use to close any trades that should have closed automatically but failed to do so. There is also an advanced feature, known as ZuluGuard, that you can set to step in to automatically stop larger than expected losses on your trades.

Is Zulutrade regulated? 

Yes, Zulutrade is regulated in Europe and Japan by the following two licenses:

  • Europe (2014 – EU Regulated service provided by Triple A Experts SA, Licence # 2/540/17.2.2010)
  • Japan (2014 – No. 1058 Member Associations/General Japan Investment Advisers Association)

Extra information 

Educational resources 

There is an extensive support area to help you set up an account and start trading. In addition, there are video tutorials that explain each step of the process, as well as a blog and discussion forum to provide further information.

Not only does it explain how to trade, but you can use the educational resources to learn more about the state of the market and how individual assets are performing before you trade. The social trading function means that individual traders can offer more detailed explanations for their trades as well.

Tools and charting 

There are tools and charts available to track each trader’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.

Customer support 

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.

Our verdict 

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

With its range of support features, including video tutorials and a discussion forum, there’s plenty of information to help you get started. Following traders’ thought process through the social feed can also serve as a good learning experience.

More experienced traders might find that the range of assets on offer is limited, and there are only a small number of partner brokers to choose from. While this is sufficient for new users, those looking for more advanced trading strategies might want to look elsewhere. Regardless, Zulutrade is a good copy trading platform for most people, particularly if you want to trade forex or stocks.

How to open an account with Zulutrade

Opening a trading account with Zulutrade is easy and you will receive step-by-step guidance on the site. These are the steps to follow:

  1. The first step is to create a Zulutrader account
  2. You then need to decide on one (or more) affiliate brokers, which will be the vehicle that actually places your trades.
  3. Enter your personal details, country, and phone number for each broker that you want to create an account with.
  4. Upload a form of photo ID (normally a single one, such as your passport or driving license, is enough to pass the verification check)
  5. Log in and start searching for traders that you want to copy, then send those trades straight to your broker accounts with Zulutrade. 

FAQ

Who owns Zulutrade?
How does Zulutrade make money?
Can I short on Zulutrade?
What can I trade on Zulutrade?
What happens if Zulutrade closes down when I have open trades?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.