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ZuluTrade Review 2022 Pros, Cons and Investing Strategies

So amount following is also really useful, the number of followers again can be quite useful as well, for similar reasons as the amount of money following them. And the ROI is also important but not as important as you might quite think. Because really, as I say, you don’t want a trader that have some really high spikes in ROI and it looks amazing. If it looks amazing then, there’s probably something else going on and you need to be careful.

xcritical review

Though it's social trading site, xcritical always focus on Copy Trading. I really like their statistic features operational data system. Ranking system of traders can be found there which is just awesome because one can find out more trustable traders in this section. There's is also a forum where user can ask anything or share his opinion there. Some of these features include profit sharing accounts where investors trade with discounted commissions and then pay traders from their monthly earnings. It is in the signal providers own interest to make profit as they can attract more followers and thus, earn more commissions.

Customer Support

A verified MT4 trading account with a participating brokerage is required. Multi-lingual customer support is available 24/5 via e-mail, phone, or live chat. According to the latest available figures that we discovered during this ZuluTrade review, roughly one-third of ZuluTrade employees staff support roles within the company. The Help Center attempts to answer the most common questions.

ZuluTrade has an up-to-date list of signal providers, performance rankings, and crucial information. You can attend an in-depth analysis and follow trading gurus once you have your demo login information. You may also use their social features to locate the ideal settings, brokers, tips and tricks. Yes, some of their marketing materials may make it sound easier than reality, and again, that’s why some people might ask whether ZuluTrade is “real”. But again, in their defense, plenty of guides are available and an active forum as well.

Trading Signal Followers– Investors that choose to copy the signal suppliers. Leon Yohai intended to create software that could copy the best traders’ trades. Users could mimic the portfolios of over 4,500 ‘expert’ traders by 2009. Today we are starting a https://xcritical.online/ new review of a trade-copying service called xcritical. Most of the losses to date are down to just one trader however, Gervaise, who is having a bit of a nightmare and is $130 down. The others aren’t doing too badly and in fact Safe Trading79 is $44 up.

  • So you are going to copy trade for trade exactly as the other, let’s call them the professional traders, in inverted commas, are doing.
  • It can vary among the many brokers available with ZuluTrade starting from as low as $1.
  • To call ZuluTrade a scam because of the very poor quality of some of the traders/signal providers on their social trading network would be unjustified in my opinion.
  • In fact, your AAAFX account should connect directly to the dealer once you have opened it.
  • This means that they must comply with a set of rules and regulations for auto trading service providers.

I really hope that you found this review of ZuluTrade to be helpful. Please leave comments below and on my channel, and join the discussion. I always like to hear from you, and thank you very much for watching. Some of you might still want to give it a try after watching this video. If you do, please let me know how you get on in the comments below. Suggested companies are based on people’s browsing tendencies.

Such awards are usually mentioned with pride on the company website. Although ZuluTrade is rated highly by some customers in personal reviews on review websites, there is no information available on the ZuluTrade homepage or elsewhere about any awards received by them. Profit-sharing – This option is ideal for beginners since it allows you to learn by imitating others.

What is ZuluTrade?

ZuluTrade is one of the best social wealth management platforms in the industry. They offer a huge range of copy trading tools and 70+ brokers to choose to connect with through the platform. ZuluTrade is excellent for both investors and traders though trading features and xcritical official site conditions including fees are reliant on the broker you choose to connect with ZuluTrade. ZuluTrade is a well-established, properly regulated social trading platform. Investors who prefer following trading strategies should definitely consider ZuluTrade as a frontrunner.

Yes, the ZuluTrade trading platform is worthy of trust and reliability, thanks to its partnership with top-tier regulatory bodies and several legitimate brokers worldwide. It is protected by ZuluGaurd, the company’s software program monitoring the activity of every single trader on this marketplace. With no Commission or hidden fee, ZuluTrade brokerage is certainly one of the best platforms for investing and trading in multiple commodities and assets. It is ideal for beginners and offers access to more than 6000 marketplaces.

ZuluTrade forex signal copy service is also available in Android, iPhone, iPad and desktop widget apps. This makes copy trading on the go a breeze and ensures you can keep up to date with the performance of the traders you are following to add or remove at any time. ZuluTrade also has a good social trading aspect to it where traders and trade copiers can comment on the market, exchanging views and have discussions with other users as well as ask questions. ZuluTrade Forex Signal Copy ReviewSignal providers – Traders who share their signals for othexcriticals to copy . The more successful their trading system is, the more they are compensated.

xcritical review

I am happy to have found a reliable platform with advanced copy trading tools. We advise you to avoid this broker if you don’t want to have a problem. If you have been a victim of this broker, don’t hesitate to leave us a comment to report this broker and avoid other people from being victims. It’s essential to always check the licenses of a broker because fraudulent brokers lie to make you deposit the maximum amount of money.

Other Trading Fees

Forex trading or trading in any other asset, it doesn’t matter, a demo trial is the perfect chance for you to trade with virtual funds risk-free but in a real simulated environment. The platform provides ZuluGuard that closely monitors all traders’ actions and removes them in case a trading strategy generates much greater losses than expected. As a trader, you will be on the other side and providing trades that are copied by investors. Traders are typically professional traders and the program is open to anyone who wishes to broadcast their signals online and share them with the ZuluTrade Investors Community. ZuluTrade is ultimately one of the best and most popular platforms for copy trading in the industry.

xcritical review

With that proviso though we are happy to award xcritical itself a PASSED rating as a good copy-trading platform, plus the trader themselves for showing a solid profit during our trial. We generally found xcritical a very user-friendly and accessible platform, although at the moment you can’t copy-trade directly on the platform and have to connect a compatible brokerage account. However, this is the easiest way for a broker to scam the client and steal the funds.

They might be having a lucky run or there might be something else going on as well. So for those of you that are very new to this whole arena, ZuluTrade is basically a social wealth management platform. It’s been around for quite some time now, I myself have had an account for probably about seven years. And then since then, I’ve kind of been withdrawing funds and trading less and less with ZuluTrade.

xcritical – Final Review

Make sure that you have clicked the “Demo Account” on the registration form. Then, select what account type you prefer and select the account properties like balance, leverage, etc. You should receive a verification email on the email address you registered. All you need is to click on the verification link, then your demo account will be automatically activated. The ZuluTrade trading platform collaborates with brokers that provide trading on stocks, cryptos, forex, commodities such as oil, and indices such as the Nasdaq. The platform then allows users to review and clone the strategies of top traders.

Automator provides investors the ability to create rules and automate their trading approach. There is no “safe” trading technique, and no one can guarantee earnings or losses. Achievements in the past don’t ensure success, and a loss is always possible when trading spot currencies. Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into. The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.

Access ZuluTrade on Your Mobile Devices

It might be worth looking at some of the actual reviews on that one, open positions, that’s quite a few losses there. But overall, it’s upwards and but again, not a huge amount of history for that trader, and here. Well, this is the Zulu ranked number 1 trader, and they’ve only got six months’ worth of history. And personally, it’s that’s not what I would be doing if I were you. So looking at this trader, they’ve been going since late 2016.

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