ZuluTrade Review 2023 🚀 Unveiling the Power of Social Trading

A social trading platform refers to an online platform that brings together experienced or professional traders with inexperienced or novice investors. The primary goal is to enable inexperienced investors to learn from and follow the trading strategies of successful traders, thereby potentially making profitable trades themselves.

In the case of ZuluTrade, it serves as a social trading platform where traders can connect and interact with each other. The platform facilitates the copying of trades from experienced traders to the accounts of novice investors. This can be done either automatically or in a semi-automatic manner. Once an investor subscribes to a trader-manager, the platform copies the trades and orders made by the trader-manager to the investor's account. The social trading platform creates a community-driven environment where investors can benefit from the knowledge and skills of successful traders, ultimately aiming to enhance their own trading outcomes.

As a provider of copy trading platforms, ZuluTrade facilitates a scenario where managers and investors often have accounts with different brokers. Currently, ZuluTrade collaborates with a wide range of more than 70 brokers, as of the beginning of 2023. This extensive network allows managers and investors to choose from a diverse selection of brokers to suit their individual preferences and requirements.

To enhance accessibility and convenience, ZuluTrade has integrated its services into popular trading terminals such as MT4 (MetaTrader 4) and MT5 (MetaTrader 5). These widely used platforms provide a familiar and user-friendly interface for traders and investors to manage their accounts and execute trades.

• ZuluTrade's "Traders" section provides a list of top traders based on a proprietary algorithm.
• Traders are evaluated based on profitability, growth dynamics, applied strategies, and assets under management.
• Each trader's profile displays important information such as profitability, maximum drawdown, number of subscribers, and assets under management.
• Detailed trader profiles offer additional insights including strategy descriptions, investor ratings, minimum investment amounts, and trading history.
• Charts and statistics show performance over time, including monthly performance, drawdowns, slippages, and currency pair distribution.
• Users can evaluate and compare traders based on these metrics and make informed decisions.
• The platform's user-friendly interface facilitates easy subscription to chosen traders for copy trading.

Social profile page

Reviews and personal ratings of traders

Controversial reviews and low ratings for the signal provider

Average performance, but worth considering other data

ZuluTrade Copy Trading Platform - Social section

List of trader's subscribers

Dynamics of changes in subscriber numbers

Total profit brought by the trader

ZuluTrade Copy Trading Platform - Real investors section

All traders listed

Basic filter for tracking best traders over a certain period

ZuluTrade Copy Trading Platform - All traders section

Advanced filter with multiple parameters:

• Profit margins
• Amount of money earned for investors
• Number of pips earned
• Trading activity
• Account currency
• Manual entry of profitability and drawdown ranges

ZuluTrade Copy Trading Platform - Key parameters for profitability and drawdowns

Enter key parameters manually as ranges

ZuluTrade Copy Trading Platform - Compare function

Select and compare profiles by important parameters

ZuluTrade Copy Trading Platform - Features section

Social Charts page for market discussions and trade posting

Interactive chart with market selection

Ability to post trades, follow other traders, and comment

ZuluTrade Automator

Useful feature for copying trades

Configure automatic actions, such as income or loss limits

Email notifications for parameter changes

Setup through personal account in the Settings section

ZuluGuard

Protects account from severe losses

Stops copying trader and closes positions if risk parameters violated

Pros

• User-friendly interface
• Pioneering Copy Trading Platform
• Comprehensive statistics and comparison functions
• Wide selection of 70+ online brokers
• Regulation in the EU by the Hellenic Capital Market Commission (HCMC) and Japan (2014 – No. 1058 Member Associations / General Japan Investment Advisers Association)
• Automation and risk management services: ZuluTrade Automator and ZuluGuard
• Diverse pool of over 90,000 traders from different countries to choose from
• Convenient communication and trade discussions for traders

Cons

• Infrequent updates on the blog and forum
• Ineffectiveness of advanced filters

ZuluTrade, a prominent social trading platform, emerges as one of the major copy trading services available. It boasts reliable regulation, an intuitive interface, and valuable additional features. ZuluTrade can be regarded as a means to generate supplementary income, gain insights from experienced traders, and engage with the trading community. Nevertheless, certain aspects suggest that ZuluTrade falls behind the leading social trading platform, eToro. The selection of managers on ZuluTrade is comparatively limited, and the customization filter for precise searches lacks effectiveness.