What is Zulutrade? Best brokers that support Zulutrade
What is ZuluTrade?
ZuluTrade is an online social and copy trading platform. It is best suited for traders who want to copy trades of experienced traders. Not only traders get to use expert knowledge to earn money from trading but also get an opportunity to interact with fellow traders and share ideas and opinions with the trading community.
How does ZuluTrade work?
As of now, ZuluTrade offers their copy trading services for stocks, forex, cryptocurrencies, indices and commodities. You can either register as a trader or an investor. As a trader, you can share your strategies with investors and let them copy your trades. It’s a win-win situation as beginner traders with no or little market knowledge can rely on you to get exposure to the market and you, in return, can earn commissions for letting them copy your strategies.
Best brokers for ZuluTrade
Since ZuluTrade is just a copy trading platform, to do trading, you will also have to use a broker that supports ZuluTrade. There are plenty of brokers now that support this platform. Let’s look at some of the best ones-
- IC Markets
In the end, if you are someone who is looking to get their feet wet in the waters of trading but is afraid of the rip currents, copy trading is for you. Learn about it, see how it works on a demo account and set yourself up for some profits but don’t forget that losses too are a part of the game. Just follow a good trader, you’ll surely be able to make more that you could otherwise make through trading manually.
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