ZuluTrade is a company founded by Leon Yohai in 2006 and provides a web based platform that bridges the gap between the knowledge of professional traders and the trade execution of other traders around the world.
Ever since its inception, ZuluTrade has helped a large number of traders to benefit from the knowledge and insights of the world’s leading forex traders. ZuluTrade essentially makes forex trading more social and collaborative in which the strengths of the few knowledgeable people can be leveraged to bring success to many others.
The signal providers use either ZuluTrade’s trading station or their own MetaTrader 4 setup to carry out their trading activities. ZuluTrade then follows the trades created by the signal provider and duplicates it in the accounts of subscribers who have subscribed to that particular signal provider. The entire process is extremely quick and takes only a few milliseconds.
ZuluTrade’s platform also uses their proprietary algorithm, ZuluRank, to analyze the performance of various signal providers. It takes into account various factors like the frequency of trading, drawdown of trades, the overall profit/loss, the age of the signal provider, the open time of trades, etc. It is based on these factors that ZuluTrade ranks the signal provider making your job of selecting a good signal provider even easier.
Setting up an account is quite easy. ZuluTrade does provide a demo account. A live trade account is required with one of the supported brokers, and a form must be filled out and faxed to ZuluTrade which can take about 1 day to process. ZuluTrade recommends at least $1000 for a live trading account. Minilots and standard lots may be traded. Profit withdrawal is arranged as normal through the broker, not ZuluTrade.
How trustworthy is the Zulutrade Platform ?
There have been concerned of what if Zulu closes down the page, and what is going to happen with my investments? Well this website has been online for over 7 years and is a accredited by the NFA (National Futures Association) has its head office in New York and several branches in the UK, Japan and China.
Zulutrade offers opportunities to trade by yourself, as well as the copying of signals from other traders, in all sorts of investments are risks involved this is the nature of investment, however Zulu offers a great control over risk management.You are being notified about wrong steps you may do and your account is constantly being observed for best results.
It is actually fun to peruse the hundreds of signal providers to pick the right one. It is even more fun to wake up and check and see how many pips were made while sleeping! The risk, as with any investment, is that the performance of a great signal provider today may not be great tomorrow and nothing is guaranteed. But chances are, if a provider has shown 90% winning trades over several weeks and averages 400 pips per week, it is likely that performance will continue. It is recommended to only pick one or two providers maximum to autotrade, to minimize the risk of margin call on trade accounts. Demo this service now to see how revolutionary it is.
Definitely 5 Stars!