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Broker Review

Zulu Trade Broker Review 2023 - A Detailed Product Guide with Regulations

Zulu trade is a platform that connects trading accounts held with brokers to enable social and copy trading; it is not a broker. Our tradingcritique.com has examined the platform, its key aspects, and minimum deposit requirement in depth in its Zulu trade review.

Zulu Trade Platform Review- An Intro

Zulu trade has been a champion in Social Copy-Trading ever since beginning in 2007. The Zulu trade is the largest social auto-trading platform for currencies, CFDs, and cryptocurrencies. It removes the impact of emotion on trading and allows users to automatically follow the trading behaviour of successful Traders from all around the world.

Zulu trade has been continuously growing its global offering, with over 2 million active users, 90 thousand experienced traders that clients may follow, and 70+ brokers with whom it partners.

It provides CFD products across a variety of asset types, including Forex, cryptocurrencies, stocks, commodities, and indices.

Table 1: Zulu Trade Overview

Zulu Trade Highlights

Regulated By

The Kanto Financial Bureau (KFB)

Japan

Account Types

Classic account

Profit-sharing account

Demo account

YES

Islamic account

Depending upon the brokers

Minimum deposit

$100

Maximum Leverage

Depending upon the brokers

Deposit and Withdrawal Method

Bank Transfer
Master card
PayPal

Account Base Currencies

Depending upon the brokers

Trading Platforms

Meta Trader 4
Zulu trade+

Fees & Commission

Depending upon the brokers

Customer Support

24/5

Market Instruments
Details

Forex

YES

Commodities

YES

Stocks

YES

Indices

YES

Cryptocurrencies

YES

Zulu Trade – Knowledge bites

Zulu trade is one of the few competitors that have been active for a while on the market. It has made a name for itself as one of the most reputable brands in the market since it was formed in 2007 by Leon Yohai. Zulu trade is a fantastic trading platform for both investors and traders, but its trading features, fees, and other terms depend on the broker you choose to trade and to connect with Zulu trade.

Image 1: Home page of the Zulu trade website

Screenshot from the Home page of the Zulu trade website

Image Copyrights reserved to Zulu Trade Website

Regulations & Trustability Review of Zulu trade

Zulu trade is licensed and regulated in several jurisdictions, including the United States, the European Union, and Japan.

Zulu trade is regulated by the Hellenic Capital Market Commission (HCMC) because it is headquartered in Greece which is an EU member state. In addition to HCMC laws, the Zulu trade is licensed by the Kanto Financial Bureau (KFB) in Japan, and it is also licensed with the Commodity Futures Trading Commission (CFTC) in the United States. They also only work with brokers who are properly regulated.

Using Zulu Guard – an account protection feature, you can be guaranteed that your money will be secure with Zulu trade and that there will be a very high level of transparency on their part.

Triple A Experts SA, the parent company of Zulu trade, is a financial services firm with core processes in Greece. Zulu trade offers Negative Balance Protection For traders in Greece who open their trading accounts with HCMC-regulated entities/ Broker Platforms. Deposits of retail traders are insured up to €30,000 per claim.

Table 2: Zulu trade Regulation details

Country Regulations Headquarters Registered Office

Greece and EU



Japan



United States of
America (USA)

Athens,
Greece

FINVASIA
Group

Akti Kondili
14, Piraeus 185 45
Greece.

Review of Accepting Countries of Zulu trade

There are no Accepting and Forbidden Countries for Zulu Trade. The Broker Platform in which you have the trading account decides whether you can sign up with Zulu Trade or not.

The restrictions are imposed by the broker platforms with whom you open trading accounts to connect with Zulu trade. Before opening an account and connecting it to Zulu trade, you must first ensure that the broker you have chosen has the feature to join with Zulu Trade to avail of their services.

To check whether the Broker Platform allows you to join Zulu Trade, check the Broker’s website. Call the customer care of the broker and ask whether you can connect to Zulu Trade.

If you are a beginner in trading and don’t have a trading account. You can contact Zulu Trade customer care and they will guide you on which Broker platform you can choose to open your new trading account. So, using that trading account you can easily connect with Zulu Trade.

List of Supportive Broker Platforms that allow you to connect with Zulu Trade

The brokers that Zulu trade supports and who are permitted to do business in European and Non-European countries are listed in Table 3.

Table 3: List of supportive brokers of Zulu trade

Supported Brokers of Zulu trade

European Countries

Non-European Countries

AAAFx

AvaTrade

Tickmill

Swissquote

Thinkmarkets

Lirunex

Tradeo

ICmarkets

Oanda

AAAFx International

AvaTrade

Ic Markets

Axi

Vantage

ActivTrades

Instaforex

ADSS

Tickmill

Swissquote

NPBFX

FxOpen

FxOpen ECN

Blackbull Markets

Amana Capital

Lirunex

TitanFX

GKFX Prime

USG

ThinkMarkets

Global Prime

QtradeFX

Everfx

Royal

JustForex

What is meant by Copy trading?

Copy trading is a technique for automating your trading by copying the trades of all other traders. It is frequently used by newcomers who do not yet understand how to trade. It also enables traders to earn an additional consistent income by copying more experienced traders.

How does Zulu trade's copy trading work?

A Zulu trade account is linked with an investor’s or trader’s MT4 account at a partner brokerage. Traders sign up with Zulu trade, link their accounts, and reveal their trading techniques. After initial setup, Zulu trade runs all the operations automatically.

Traders are ranked by Zulu trade based on performance, behaviour, stability, and outlook. Depending on their investment capital and risk tolerance, investors choose the traders they want to copy.

Investments, Products, and Instruments Review of Zulu Trade

Zulutrade allows you to trade all the most popular financial assets, including Cryptocurrencies, Futures, Stocks, Forex, and CFDs through its network of affiliated brokers.

Financial Instruments that you can trade using Zulu Trade:

Forex
 CFDs
Stocks
 Futures
 Crypto

Table 4: List of the assets that are offered on Zulu Trade

Forex Commodities Cryptocurrencies Indices

USD/CAD

USD/CHF

EUR/JPY

CAD/JPY

GBP/CAD

CAD/CHF

EUR/USD

USD/JPY

GBP/USD

CHF/JPY

GBP/CHF

EUR/CAD

AUD/USD

GBP/JPY

EUR/CHF

EUR/GBP

XAG/USD

NGAS

USOilSpot

UKOil

Copper

BCHUSD

EOS/USD

XLM/USD

BTCUSD

LTCUSD

ETHUSD

US2000

SOYF

WHEATF

CORNF

Bund

ESP35

JPN225

GER30

US30

FRA40

UK100

SPX500

NAS100

AUS200

EUSTX50

Trading Platforms available in Zulu trade – A Review

Zulutrade provides trading services on two trading platforms – MT4 & ZuluTrade+. MT4 and, ZuluTrade+ is their own proprietary platform. These trading platforms are available for trading in both the web version and the mobile version.

Trading Platforms that can be used for trading in Zulu Trade:

Zulu trade+ (ZTP)
 MetaTrader 4 (MT4)

Zulu trade+ (ZTP)

Both Real and Demo Traders in ZTP have access to a full Trading Station user interface with technical charts, indicators, and the option to build trading bots by executing their own Zulu Scripts.

This platform is web-based. It can run EAs continuously without the requirement for a VPS this helps the Traders’ accounts to be protected from connectivity problems.

Zulu trading API

ZTP can be used with the Zulu Trading API. Zulu trade provides its REST API, allowing users to send trading requests directly to their accounts from a custom program.

MetaTrader 4 (MT4)

MT4 is a world-famous trading platform. Your MT4 trading accounts can be easily connected with Zulu Trade, and you can trade easily.

It is possible to connect a Trader account to an external MT4 platform, either real or demo. The Trader account then becomes “read-only” and all trading activity that occurs in the MT4 account is copied over
to the Zulu trade account.

Zulu trade VPS

By using Zulu trade’s own VPS service, traders using MT4 have the option of hosting their trading strategy for free. There is no need to download any software because the MT4 client of your choice will already be installed on your VPS account and can be accessed from any browser.

Zulu Trade Mobile Trading Platform Review

Trading with Zulu trade is only possible through the proprietary platform, which is accessible through web browsers and mobile devices. You can connect your MT4 trading account with Zulu Trade and start using their services on both web and mobile apps.

Both Android and iOS users and tablet users can use the Zulu trade app for free. Zulu trade allows you to trade from any location. You can use it on the MT4 platform or by downloading the user-friendly trading app to your smartphone or tablet.

Image 2: Mobile trading section of the Zulu trade website

A Screenshot that shows the information about Mobile trading on the Zulu trade website

Image Copyrights reserved to Zulu Trade Website

Types of Accounts available in Zulu trade – A Review

The traders are provided two unique account kinds, which differ primarily in the services they provide.

Zulu Trade Account Types are:

Classic account
 Profit–Sharing Account

Zulu Trade Classic account

Advanced users are recommended for this account type. Both manual and copy trading are possible with Classic accounts. You must personalize your portfolio settings in addition to creating a Traders’ portfolio (simple and advanced). You have access to advanced capabilities, you can manage your account, modify your trading signals, close trades, lock your trades and lock a Trader.

Zulu Trade Profit-sharing account

All Users, regardless of experience level, are recommended to open this type of account since it allows them to begin trading immediately after choosing which Traders to follow and how much capital protection to use.

There is no need for the experience. It is a straightforward way to trade. Copy trading is only possible in this type of account. Until your account turns a profit, the traders won’t get a share of the money.

Demo Account Review of Zulu trade

It is important to confirm that your broker and trading requirements are compatible with the Zulu trade platform. Because of this, a demo account is provided so you can practice before joining for live trading. A Demo account can be created and signed up without cost in Zulu trade.

You may create up to 10 Demo accounts, and each Demo account has a 15-day rolling expiration policy. Without even linking it to your broker, you can test out a demo of each feature that is offered.

When you are happy with all of that, you can make a deposit with your broker to start using Zulu Trade.
Zulu trade can only be used with a trading account that has at least $100 in it.

Fees & Commissions Review of Zulu trade

Depending on the account type you choose for copy trading, the commissions and fees will vary.

Commissions on Classic accounts

Zulu trade offers these accounts without any costs. Brokers mostly use volume-based compensation plans, and they may have to pay larger spreads or additional brokerage commissions. The Investor does not incur any additional costs when they follow a trader. Zulu trade pays the trader a commission.

Commissions on Profit Sharing Account

Zulu trade charges a $30 subscription fee every month. When an investor chooses to follow a trader, the trader only receives payment for profit sharing when the investor’s account is profitable.

To connect the account with the Zulu trade service, brokers could charge a tiny flat commission. No higher spreads or charges are being charged from the brokerage.

Deposit & Withdrawal Methods Review of Zulu Trade

The minimum deposit, depositing & withdrawal methods, costs, and base currency will vary depending on the broker you choose, but Zulu trade requires you to have at least $100 in the trading account which is linked to Zulu Trade.

If you are an investor, the deposit methods will be determined by your broker. If you are a trader, you can fund your account using the Zulu trade Master Card, bank wire transfers, or PayPal.

Table 5: Fees & Payment methods on Zulu trade

Zulu Trade Payment Method Fees

PayPal

$20 - up to $500

3.9% - greater than $500

Wire Transfer

$45

Master card

$20

Leverage available on Zulu trade – A Review

The account properties that your broker has specified are shown and followed by Zulu trade. Zulu trade will therefore support any leverage which your broker has to offer.

Trading Hours Review of Zulu trade

The market is open from Sunday at 22:00 UTC to Friday at 22:00 UTC. The market opens on Sunday at 21:00 UTC and ends on Friday at 21:00 UTC while Eastern Time is in daylight saving.

Trading Tools Review of Zulu trade

The Zulu trade platform has a variety of built-in tools and features.

Trading Tools available in Zulu Trade:

Forex Calender
 Zulu Guard™
 Automator
 Forex trading tools
 Combos

Zulu Trade Forex Calendar

The Forex Calendar is the tool that enables you to think about how significant world events will affect particular currencies and can act as a strong trading advisor. It includes a list of the day’s key events, the currency pair or pairs they are likely to affect, and the expected trend (upwards or downwards).

Zulu Guard™

Zulu Guard TM is an account protection tool that keeps track of every trader’s action and automatically bans them when it notices that a trading strategy deviates from the expected loss profile.

Zulu Trade Automator

Traders can use automated trading software to define criteria that determine both entry and exit points in the financial markets, as well as money management guidelines. Once programmed, the system monitors the desired market and executes those transactions automatically.

Zulu Trade Forex Trading Tools

Forex Trading Tools enables forex traders to assess markets with confidence while also allowing them to set the essential criteria to most efficiently and effectively select deals to execute.

Several calculators, including the Pip calculator, margin calculator, profit calculator, and currency converter, are included in the forex trading toolbox and can help you improve your risk management process.

Zulu Trade Combos

Traders are grouped into dynamic groups that correspond to a wide range of risk tolerances and trading methods. You can decide what is best for you. Zulu trade’s Certified Management Portfolio Team manages any Combo you choose.

Bonus Review of Zulu trade

Zulu trade does not offer any rewards or offers.

Education and Research Review of Zulu trade

Zulu trade has a blog where it has plenty of market news as well as detailed information on a few top traders to copy. This data includes the Traders Zulu rank, performance charts, trading history, and a lot of additional information to keep you informed and make the best decisions when picking a trader to follow or copy. In addition, there is an excellent selection of educational videos that may guide you through so many basics if you need them.

Image 3: Blog section of the Zulu trade website

A Screenshot that shows the information about the Blog section on the Zulu trade website

Image Copyrights reserved to Zulu Trade Website

Image 4: Video tutorials section of the Zulu trade website

A Screenshot that shows the information about the Video tutorials section on the Zulu trade website

Image Copyrights reserved to Zulu Trade Website

Advantages & Disadvantages of Zulu trade

Zulu trade has both advantages and disadvantages which are listed in Table 6.

Table 6: Pros and Cons of the Zulu trade website

Pros of Zulu Trade Cons of Zulu Trade

There is a good selection of duplicate trading accounts to pick from.

You can connect with Zulu trade through one of more than 70 brokers.

The oldest and first copy trading platform.

Your portfolio can be automated with the top performers.

The base currency will be determined by the broker chosen.

Some brokers may not be automatically compatible

Blog and forum posts are hardly updated.

Customer Support Review of Zulu trade

Customer Support is available by phone and email in more than 20 languages. You can also use the Zulu trade website to provide feedback by clicking “contact us” or using an online form.

You can also visit the Zulu trade homepage if you have any technical questions or account requests. Zulu trade’s customer service team is available 24/5 from Sunday 21:00 UTC to Friday 22:00 UTC. The Platform also has 24 hours hotline provided by Zulu trade.

Table 7: Customer support service details of Zulu trade

Social media page Links of Charles Stanley

LinkedIn https://www.linkedin.com/company/zulutrade
Telephone +30 213 0176 399 ( 24 hours hotline)
 Email support@zulutrade.com
 You tube https://www.youtube.com/user/zulutradechannel
 Facebook https://www.facebook.com/pages/Official-ZuluTrade-Page/357401507521

Image 5: Customer support numbers of the supported countries listed on the Zulu trade website

A Screenshot that shows the information about the Customer support section on the Zulu trade website

Image Copyrights reserved to Zulu trade website

Image 6: Customer support numbers of the supported countries listed on the Zulu trade website

A Screenshot that shows the information about the Help center section on the Zulu trade website

Image Copyrights reserved to the Zulu trade website

Frequently Asked Questions – Zulu Trade

What is the minimum deposit amount at Zulu trade?

The minimum deposit for Zulu trade varies based on the connected broker. However, to use Zulu trade,
your connected trading account must have at minimum $100 in it.

Which forms of payment does Zulu trade accept?

Bank wire transfers, PayPal, and Master cards are all accepted for account deposits at Zulu trade.

What trading platforms do Zulu trade offer?

Clients can trade the markets using the Zulu trade’s trading platform or by connecting their MT4 to a partner broker.

Zulu trade a Broker, is it?

Zulu trade is not a broker; rather, it is a social trading platform that may be linked to any broker who supports Zulu trade.

How does Zulu Guard™ work?

The tool Zulu Guard TM was created to secure your profits, maintain your capital and reduce any potential losses. It constantly monitors your account.

In a Nutshell – Zulu Trade Review

You can find and follow the best brokers worldwide with the help of broker reviews on our Trading Critique website. Check tradingcritique.com to learn more about trading, Investing, and Banking.

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