Zulutrade is a social forex trading platform. Leon Yohai has invented this platform in 2007. A Greek financial technology company operates this platform. It allows users to follow and copy other user profiles. As of 2014, ZuluTrade had around one million users and an executed trading volume of over $800 billion.
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It is an innovative concept within the Online Trading Sector that allows the clients-focused remedy via the worldwide social trading area and becomes one of the most preferred social trading systems.
This concept indicates that the platform solved the void between the evaluation of the useful market information as well as its conversion to execution.
Check the list on this page we have listed top brokers with reviews that support ZuluTrade platforms. To help you choose, we have some guides below, don't forget to check them out.
Is the broker registered with a financial authority in the country they operate – like the NFA in the US?
Brokers that are not registered with a financial authority are risky! When registered with financial authority, there are rules and regulations the forex broker must follow to ensure your safety. Find a broker that is registered with financial authority to be on the safe side.
You should try to go with a fixed spread, but do not go with the 1 pip spread broker as they are invariably unable to fill your order and ask for repeated quotes. This will make you lose out on opportunities that come once to four times a day. The best is to find a broker with a 2-pip spread.
Good brokers will have your interest at heart. They will not try to lure you with small deposits like 25 or 50 USD accounts. In most cases, these small accounts lead to losses as there is not enough margin to trade with.
To make it easier for you, we've already reviewed many of the Forex Brokers available online today to help you quickly find a broker!
Most brokers offer this facility, but many customers claim that the system does not work and lose out on trades. Research the forums to determine any complaints regarding this important safety feature
You will need to get your problems resolved as fast as possible so ensure that the broker is prompt with replies to your queries. In fact, it would be better if the broker had an online chat service. Make sure it is a human manning the chat and not an automated program called a 'Chatbot'.
You will find this in the small print. Some brokers call this 'scalping'. This means that you can jump in and jump out instantly. However, some brokers require you to hold a position for a minimum time. Look closely, and you may find a higher spread for positions closed before a specified time. This could drastically lower your profits.
What is their client support method and languages? Does the offer good client support via multiple channels such as phone, skype, live chat, email support, social support, website support, WhatsApp, etc. There are many brokers that offer multilingual client supports.