ZuluTrade is an automated trading platform to invest in the Forex market and a binary option broker.
ZuluTrade is one of the leading providers of trading signals and it is one of the leading companies when it comes to social trading.
Founded in 2007 by Leon Yohai and Kostas Eleftheriou (who left the company in 2008), ZuluTrade is a financial services company that operates as an inter-connection platform between top forex brokers. It started with trading for binary options from May 2015 thanks to a partnership with the mediator SpotOption.
Its offices are in Athens and in the United States, where it is registered as IB (introducing broker) with the Commodity Futures Trading Commission (CFTC U.S.) and it is a member of the National Futures Association (NFA). In Europe it is controlled by Triple A Experts SA.
ZuluTrade allows to trade with a different approach than classic brokers. The key word is Social Trading.
Like any platform that deals with Social Trading, ZuluTrade puts in contact all those beginners (called Followers) who are seeking new returns from their capital by exploiting the performance of other professional traders (called Signal Providers).
‘Followers’ choose which are the best ‘Signal Providers’ to follow thanks to the ZuluRank system. The Signal Providers are approximately 100.000 from 190 different countries.
ZuluTrade is suitable for both beginners who want to get the same returns of a good trader and professional traders, who acting on their own or through automated strategies, are willing to share their investment activities in the markets, by receiving an additional income derived from the replica of their trading signals.
This is particularly advantageous for beginners who can start trading in a safer way without fear of immediately losing their initial capital.
ZuluTrade has recently extended its range of financial assets, which at the moment is rather limited compared to other Social Trading platforms.
With ZuluTrade, you can invest in a wide range of currencies, from the majors to the exotics. Through the use of CFD (Contract for Difference) you can also invest in some raw material and on some index.
It is possible to trade with two types of platforms: desktop usable by PC and mobile usable by Smartphone and Tablet.
The desktop platform is the most complete and functional; to download to your PC and install as a normal software.
The mobile platform is available for iOS, Windows Phone, Android & BlackBerry and allows you to trade at anytime in anyplace you want to.
All conditions such as fees, spreads, leverage etc … depend on the various brokers. ZuluTrade in fact acts only as a trading networks getting its commissions from the connected brokers.
All the platforms are guaranteed by the risk protection systems and the account protection system called ZuluGuard. This system allows you to check any time on traders’ strategies (the one we choose to follow) and stops automatically to follow them if their strategies are opposed to ours.
ZuluTrade provides three types of accounts: demo (free registration and practice through demo platform); standard (for professional traders who want a functional trading platform); institutional (for investors with large portfolios).
ZuluTrade is the best choice for beginners who are unwilling to risk and / or have not yet clear their strategy and for professionals who want to expand their operations automatically without having to follow additional steps.
Thanks to its security and protection of the portfolio system, ZuluTrade is a platform to definitely consider.