The trader we followed performed solidly, notching up $58 profit in four months from a $500 starting bank. However, during that period we had to pay $150 in fees, which more than wiped out our profits. So to cover all the fees involved you will need a substantially larger starting bank. Besides, through the Profit Sharing ZuluTrade account, traders should expect a monthly fee of $30 plus a 25% profit sharing capacity. ZuluTrade 2.0 will promote and accelerate community engagement. The new version of the platform will also focus on providing users access to analysis, data, insights and portfolio optimization tools, which are typically reserved to professional investors.

A handful of cryptocurrencies and commodities are available to trade as well. If it is the first time that you will trade online or you never had an on-line trading account with one of the brokers we support, then the first step is to open a new account. Best forex traders worldwide, give you advice for FREE to buy or sell. ZuluTrade converts this advice to a live trade in your broker account automatically, again for FREE!

  • We love the trading platform and all the available tools and features available for not only trading but analyzing signal providers to follow and copy.
  • On the open trades however they are currently $83 down, which almost wipes out all the gains of the closed trades.
  • I mean, you’re probably getting a feel for the fact that this is quite straightforward, and there are some, on the surface of it, good-looking traders.
  • By checking the name of the single trader in the drop-down menu, you can customize your analysis for a single Signal Provider or for multiple Traders, depending on the type of analysis you want to perform.

On the open trades however they are currently $83 down, which almost wipes out all the gains of the closed trades. Obviously that open trade could still turn around and end in profit , but it is a bit of a worry nevertheless. We remarked last time that we were concerned the one open trade we had with the trader we are copying on xcritical could wipe out all the profit made previously. A small dip for the trader we are following on xcritical, with a loss of $20 made since our last update.

We are talking of changing the work of a professional trader . If he works this way it’s assumed there should be a reason. This doesn’t mean we cannot try to protect ourselves more, or even better, but you have to do with knowledge of the facts, knowing exactly what you are doing and why. This means that if you want to do a simulation of one year with two Signal Provider, ZuluTrade will retrieve the last year data of those two traders, and will combine them together showing you the output and the performance. In practice, it shows you what you would have earned if, in that last year, you would had followed those Signal Provider with those settings.

ZuluTrade shares future plans following the acquisition by Finvasia

The last tab in this profile section is dedicated to the follower investors who are replicating, or have replicated, the signals of that Signal Provider with a live accounts. If all of these followers were renowned experts in finance, investment and Forex trading, then surely I would give some weight to them, therefore if they follow that trader there may be some good reasons. But since this is not the case, and most follower investors are ordinary people, who not only don’t recognize the risks, but that don’t know them completely, I don’t see why I should follow the herd and stay in the flock.

As I mentioned with the last trader, you don’t really want to be getting into a position where it all looks great on your chart because it looks as the money’s going up. But in reality, it’s because you’re carrying heavy losses that you just haven’t closed off yet. So if I go here, down to the trading history, firstly you can see all green, which kind of looks fantastic That they’ve got all winning trades.

How can I invest my money and earn daily?

  1. Invest in a Side Hustle.
  2. Invest in ETFs or Mutual Funds.
  3. Invest in Debt.
  4. Invest in Crowdfunded Real Estate to Grow Your Money.
  5. Dividend Investing.
  6. Make Money Daily with a High Yield Savings Account.
  7. Invest in Peer to Peer Lending for a Daily Profit.
  8. Make Money Daily with Bitcoin.

As Zulutrade places trades through its affiliated brokers, it has no control over the spreads on offer. Like with leverage, you should take time to research the individual brokers before you sign up with Zulutrade, so that you can choose the best one for you. Once again if you want to try any Zulutrade brokers then start with low amounts and if you make profit them re-invest your profit with other Zulutrade Forex brokers and traders. AAAFx beats all other opposite brokers easily when it arises to social trading thru the platform. 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.

Support Access

Yes, ZuluTrade has negative balance protection foxcriticals opening an account with the Greece HCMC regulated entity. With Profit-Sharing accounts, the Traders‘ interest is aligned with the investor’s, since they are paid with a share of the profit of the investor’s account. Only if the investor’s account makes a profit the Traders will get a share of the profits.

Let’s suppose a Signal Provider has accumulated so far a total of 1000 pips, and that in a trading day he closes one of his operations with a profit of 30 pips, while continuing to keep open all the others. Let’s suppose then that during that day, considering all the open transactions on the account, both winning and losing, at a certain point the trader has reached a maximum loss, ie a maximum drawdown, of -100 pips. The Updates, in which, instead, he can respond to questions or comments from his follower investors, or simply give updates on his trading evolution. Even though it might be written in a language you don’t know, there’s the Google Translate feature of directly incorporated in the profile page, to help you understand. In addition, to the follower investors who follow him with live account is given the opportunity to ask the Signal Provider to provide an update, as you can see from the requests.

TOP BROKERS

With profit sharing accounts, you pay a $30 per month subscription in addition to the broker fees and commissions. xcritical is a copy-trading platform that allows you to follow the trades of othexcriticals automatically on your brokerage account. The views and opinions expressed in the articles are those of the authors and do not necessarily reflect the official policy or position of Themerrymarkets.com. Any content provided by the authors on the website shouldn’t be considered as an investment, tax or trading advice. The information which appears on this site is subject to change at any time.

xcritical

If you want to know more, check our guide on the Best Broker for ZuluTrade. Here you will find an AAAFX Zulutrade review along with a number of other top brokers which can easily connect with Zulutrade. One thing for sure is that you will have many top brokers to choose from if you are thinking of connecting them through Zulutrade.

FP Markets (Top Substitute)

It’s been somewhat of a tough time for the trader we are following on xcritical lately, with a loss of $52made since our last update. They had made over 6,800 pips prior to trial starting with a success rate of 80% on their trades, adding up to the kind of profile we were looking for. We used FXCM for the purposes of this review as it didn’t require setting up and running an additional MT4 account, it just placed the trades automatically on our FXCM account. The simulator feature provides investors with an overview of past performances for a better understanding of what to expect. ZuluTrade offers unique features designed to maximize profitability and enhance security as well as simulate portfolio.

Of course, the list is not exhaustive, so as you can understand, the competition is fierce and judged upon details. While it can be very useful to improve the performance, on the other hand, xcritical if you don’t know how and especially in what conditions to use it, is likely to do more harm than good. Especially, we can find the “Slippage” parameter, and the new “Offset pips”.

  • If they are not, it may depend on both the slippage or on the settings chosen by the investor to modify the Signal Provider’s operation.
  • This factor can show you some interesting aspects about a xcriticalr .
  • With as little as $1, you can access the ZuluTrade social and copy trading platform.
  • The portfolio simulation function of ZuluTrade, called “Simulate my portfolio”, is certainly one of the most useful tools ​​available on this platform.
  • But what’s the open position like and how long have they been open for.

However, ZuluTrade does offer new clients to the platform minor promotions from time to time. For instance, a recent welcome offer that they had was a $25 no deposit bonus just for signing up. Other promotions that are continuous with the ZuluTrade platform are contests. Traders can participate in trading contests where the trader with the highest ROI wins the competition. These contests generally reward around $5000 in prizes and occur once or twice a month.

For a full list of countries in which you can access Zulutrade, see below. Zulu (Warrior S.), Ian Knight., A nice book up to the normal osprey standard looking at the training, organisation and skills of the Zulu warriors. Often regarded as primative savages by the uninformed this book helps give a realistic picture of what was a highly organised army. He trained https://xcritical.solutions/ his troops well and toughened them to jog over hills for up to 50 miles in a day without shoes. On the march young boys would carry gear for the warriors with one of these porters for every three warriors. He developed the classic ‚Buffalo‘ formation which the Zulus would make their trade mark and use many years later against the British during the Zulu War.

The withdrawal methods available to ZuluTrade users include; PayPal, Bank Wire Transfer, and ZuluTrade MasterCard. This is a rather limited number of options and the fees can add up quite high. For instance, when withdrawing up to $500 via PayPal, traders incur a fee of $20 and when over $500 is withdrawn, traders must pay a fee of $20 plus 3.9%. Also, international Bank Wire Transfers incur a fee of $45 and the lowest withdrawal option available is with the ZuluTrade MasterCard which has a withdrawal fee of $20.

Let’s start with the top and left part of the ZuluTrade Signal Provider’s profile. Right on top we have a top size logo, the exact name of the Signal Provider, and the flag of the country from where is sending his signals. We will explain everything in detail in the lesson dedicated to the ZuluTrade drawdown. Directly on the photo there is the flag of the trader’s origin country, while under the name are reported the first words of the strategy description directly supplied by the trader himself. In practice it’s something like the Safe Stop, the option we saw in the Settings chapter. In this case, however, not only you can close that operation, but even all of them, if not directly disconnecting the trader.

ZuluTrade rewards those who provide such a video giving them an higher position in the ZuluRank ranking. In any case, here is where you can find and view the ZuluTrade Signal Provider’s video. Going further down in his personal profile, on the left there’s the “Also Known As” block. If the trader had opened other Signal Provider profiles with other names, they will be shown here in this block.

We are among the few trading platforms offering a wide range of products and account types, including Profit Sharing, which means that we align the interest for all parties. You won’t always find all brokers for each Signal Provider, in fact, only if a user has replicated the signals with a real account, ZuluTrade can analyze the slippage level for that particular broker. 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 conditions including fees are reliant on the broker you choose to connect with ZuluTrade. Zulutrade is a social trading platform where you can copy other people’s trades on stocks, forex, commodities, cryptocurrency, and indices.

All in all, the withdrawal methods available are very limited and come with high fees. We have managed to open a new demo account so can keep following the same traders and hopefully the profits will resume aswell. A significant problem with a number of these copy-trading platforms is the way they structure the profit-sharing, such that it can end up costing you money even if the trader has made a profit on their trading. ZuluTrade comes with Android and iOS apps that allow traders to stay in tune with the market while on the go. The mobile apps come with portals for viewing performance, review for new traders to copy. Likewise, you can manage your risk settings in the mobile app.

ZuluTrade: How it works

With the second instead, the Offset Pips, you can simulate to change the Signal Provider operations by opening his orders only when the trader’s operation has reached a certain number of pips. For example, setting a negative number -5 pips means that every time you would wait for the trader’s operation to reach -5 pips of drawdown, before the same operation would be opened in your account. In practice, the operation would have opened at a better price of 5 pips than your own Signal Provider.

Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. We start our ZuluTrade review with a quick analysis of the overall ratings given by our industry experts for this excellent, Greece-based, social trading platform. ZuluTrade gives the option to traders that they can start executing trades like a pro, without having to start from the bottom. With copy trading platforms, novice traders can take a shortcut to the top without facing any financial.

Is XM a legit broker?

Is XM safe or a scam. No, XM is not a scam. We consider XM a safe broker to trade Forex and CFDs. It is regulated and licensed by several top-tier financial authorities including FCA, ASIC, CySEC.

And because if someone has just come onto the scene three months ago, they might look amazing but that doesn’t mean that they’re going to continue to be profitable. They might be having a lucky run or there might be something else going on as well. ZuluTrade is the largest social trading community, with thousands of talented currency traders from 192 countries to follow in real time and FOR FREE in your account. Currently, trading with ZuluTrade can be done only via the proprietary platform, available for web browsers and mobile devices.

If a Signal Provider, at any given time, has 4 open positions, 3 in profit, one in loss of 10 pips, ZuluTrade will tell you that his drawdown is -10 pips at that time. Just click on the title of each column to arrange the trade according to that value, either in ascending or, clicking again, in descending order. You’ll see how from this possibility a lot of useful analysis and considerations can arise for the creation of your strategy. These differences may of course be positive or negative, and you will notice it when you’ll have to control whether your trades have been replicated well. To create this chart, ZuluTrade considers all the times when slippage has been to the disadvantage of the follower investor, and it shows the average of these values ​​for each broker.