Best Broker for ZuluTrade and Why
4 stars based on
ZuluTrade offers a free day Demo account with virtually all the features of a live account. Signing up is quick and easy and, whilst 30 days might be a bit short, the demo account should get you comfortable with the best broker for zulutrade. Unlike many of the more integrated social trading networks, ZuluTrade supports over 40 brokers, one of which being their own integrated solution AAAFx. Signing up via a broker does make the process that bit more cumbersome, however it also allows investors with existing brokerage accounts to easily link a new account via their existing broker.
Another great feature when signing up to ZuluTrade is the ability to filter brokers best broker for zulutrade on minimum deposit, mobile support etc. ZuluTrade also recently added login via Facebook, which is really convenient for those who regularly log in to check their account. The ZuluTrade best broker for zulutrade platform is full featured to say the least and generally works without a glitch.
The platform is very intuitive and searching for the best traders Signal Providers to follow best broker for zulutrade easy thanks to the multitude of filters hidden in the advanced section.
The simulator shows overall profit, alerts you if a best broker for zulutrade call occurred and even allows you to download a spreadsheet of all the simulated trades.
Furthermore, the ZuluTrade platform includes some very good charts, a comprehensive and easy to understand financial calendar, an easy to use manual trading interface and a very comprehensive account history. ZuluTrade is free to join and you only pay the spread on trades. Some brokers will also charge an additional commission on top of the spread, so careful consideration should be given when choosing a broker.
The top performers on ZuluTrade do very well, but the ranking system seldom sees the same traders at the top long. One of our main gripes with ZuluTrade is the way traders Signal Providers are compensated. Traders are only paid for profitable months and these profits are calculated on closed trades only and not unrealised profit open tradeswhich can lead to traders not closing closings positions in fear of ending the month without a profit.
ZuluTrade does not integrate with any social media networks, apart from signing in to your account, but the community is very active and investors are encouraged to communicate with traders. These settings include everything from manual stops, limits, max open trades and even slippage, and work with the portfolio simulator to help you fine tune them. The ZuluTrade website offers some mediocre support guides compared to the likes of eTorobut the forum is very active and most topics not covered in the support guides are discussed and answered on there.
As for direct support, ZuluTrade offers both email support and live chat with very helpful and knowledgeable advisors 24hrs a day, 7 days a week best broker for zulutrade also has local phone support in a number of countries. Pros Very good platform and interface Lots of traders to copy Excellent risk management for both experienced and inexperienced investors Free full featured demo account Very low fees and minimum slippage on their own broker AAAFx.
Cons No integrated broker Trader compensation model not the best for investors. In keeping with the full-featured approach of the ZuluTrade platform, the risk management options is vast and can be toggled between auto and custom settings, catering for both the more casual or inexperienced investor and best broker for zulutrade investors alike.