ZuluTrade offers free auto trading on almost a dozen brokers, and MetaTrader 4 accounts are supported. There are no commissions or fees – all you pay is the broker's spread.
Well ZuluTrade is basically a platform that brings together some of the finest forex signal providers from around the world. They monitor each signal provider's performance in good detail and permit ordinary traders to trade the signals generated from any provider(s) they select instantly in their account.
So let me show you exactly how it works:
Basically you sign up to
zulutrade and either open a demo account and practice with a fictional balance
of $50,000, or join 1 of their recommended brokers and open a live account with
real cash.
Then you merely pick out
which signal vendors you wish to trade, based on the vast array of overall
performance data offered. Zulutrade will then immediately trade the signals
provided in your account. All you require to complete is pick out the size of
your stake and then sit back and watch the results.
It is possible to choose to
instantly trade the signals from just one particular provider or as many as you
wish. I propose starting off with a single or two low-risk and consistent
profit makers very first of all.
It is a completely free
service. The only cost is within the spread, but if you pick your signal
companies wisely and make healthy profits then you won't even notice this small
charge.
Is Zulutrade a Scam?
I’ve been aware that many people
ask that is zulutrade a scam? I think not. Zulutrade provide many best of
traders out there, I can argue that many people backfire because they cannot
use a proper size of money management, which is use an over leverage margin
that burn they account when the drawdown arise. That’s why I suggest to use a
conservative money management to grow our portfolio, in order to stay survive
in the market. And the best part is zulutrade provide a very helpful risk meter
feature to calculate risk profile of the money that we are risking.
If you are not sure that
zulutrade provide the best trader in the world, you can open a demo account
first. You can see their performance, and follow them with virtual money
freely. If it seems benefited your account, then you can sign up with their
available brokers to trade with real money and start to grow your portfolio.
Zulutrade Live Account Brokers
Zulutrade is trusted by
many forex famous broker such as FXCM, Interactive Brokers, Alpari, Saxo, etc.
This proved that this platform offers a great deal for many forex traders.
However, I recommend you to sign up with AAAFX broker, since there is no
commissions or monthly membership. AAAFX offers a completely to free to use
forex signal with zulutrade, that all you have to pay just a standard cost for
brokerage. This happens because zulutrade original broker is AAAFX. But if you
want to open with your another broker that available, that’s fine. You can do
it to, but remember there is an additional fees for that. Just make sure you
open with the broker that you can trust. While using AAAFX, I had a great time
with their customer service, and most importantly I never had any problem in
deposit and withdrawal wire to my bank account.
ZuluTade review Pros:
a)free fully functioning demo
account (can easily try without committing money)
b)wide choice of traders (‘signal
providers’) to follow
c)good choice of brokers in
different countries (also means choice of account currencies)
d)customer comments directly on
signal provider profile pages
e)low ongoing cost (spread only)
f)no entry cost and low minimum
deposit requirements (trade from $300)
g)advanced risk and money management features
ZuluTrade review Cons:
a)for every successful consistent
trader (‘signal provider’) there many more poor and inconsistent ones (bit of a
wild west because anyone can become a provider).
b)‘signal providers’ are not required
to trade using their own money.
c)money management can be complex
for non Forex traders or beginners.
d)requires regular monitoring until the right mix of “signal providers”
is selected.
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