Pros and Cons
ZuluTrade is a copy and online social trading platform, and was founded by Leon Yohai in the year 2007. Today, it is one of the leading social trading platforms in the world that offer services all across the globe. Its headquarters are located in Athens, Greence, and it is regulated by HCMC. Their journey started back in the year 2007 with an aim to make forex trading accessible to everyone. Fast forward to today, ZuluTrade has grown significantly and is partnered with top brokers around the world, and holds a repository of thousands of master traders.
Zulutrade has offices in 5 countries and provides its services in over 150 countries.
With ZuluTrade’s Classic accounts, you can perform both manual and copy trading. But to begin trading, you must first connect your Broker trading platform (ZTP, MT4 or MT5) to your ZuluTrade account. A classic account gives complete access to updating your trading signals, closing trades, locking a trader or trades, and using advanced features. Primarily, this account is recommended to advanced traders.
Profit-sharing accounts are specifically designed for copy-trading purposes through Zulutrade. You don’t require any trading experience to trade with this account. It is suitable for both new and advanced traders. You can select the traders who you wish to copy trade. Profit-sharing accounts are chargeable. There is a fixed fee of $30 in case you want to sign up for this account. In addition to that, you will be charged a 25% performance fee each time you make profits from copy trading.
ZuluTrade Deposit & Withdrawal
The trader’s deposit and withdrawal options are entirely dependent on the broker they use as it does not facilitate payment processing.
ZuluTrade Demo Account
Opening an account with ZuluTrade hardly takes two minutes. There are two ways to open an account. Either you can sign up with your Facebook/Google account, or you can go with filling in some personal details and then sign up. ZuluTrade offers two different types of demo accounts i.e, classic and profit sharing. After selecting your required trading conditions, such as balance, base currency, and leverage, you can click on “create my demo account.”
Contact and Customer Support
From email and online portals to phone, there are many ways you can contact ZuluTrade’s customer service. Their customer support is available 24/5. Spread across the globe, they have customer support in all regions and assist traders in their preferred language, including English, German, French, Italian, Spanish, Portuguese, Russian, Arabic, Chinese, Japanese and Greek. You can reach out to the customer support team from Sunday 21:00 UTC to Friday 22:00 UTC.
Opening an account with ZuluTrade is very simple. After filling your basic information and depositing $300, you can start trading with ZuluTrade.