ZuluTrade Guide For Beginners!

ZuluTrade is a known social trading platform that was founded in the year 2007. The founders, Kosta Eleftheriou and Leon Yohai wanted to create software that allows the copying of trades among the best traders. When 2009 came, the company had 4,500 expert traders whose portfolios were copied by users to earn money. The platform was then awarded an EU Portfolio Management License in 2015 by the European Union. The company became legitimate and duly respected in the industry of trading.

Trading Platform: How It Works 

The platform that ZuluTrade provides offers to trade for forex, stocks, binary options, indices, and commodities. It also gives you the benefit of cloning the strategies used by ZuluTrade’s professional traders. There are two categories for the user base. 
  • Signal Providers – they are the traders that allow the copying of their portfolios by their followers. They are also given compensation fees, which depends if their given strategies are successful. Followers – these are users that copy the strategies that signal providers offer.
  • Followers can also copy off of each other. 
Useful and Exciting Features

After you have provided the necessary account details for a classic login, you benefit from several valuable features, such as: 
  • Lock Trade – This guarantees you a trade’s execution after having received the signal.
  • Automator – introduced in 2016, The Automator notifies you via email or immediately executes given actions during specific events. 
  • Features in Social Network – You can read more about the industry in comment sections and forums. This is where you can also ask questions, provide advice, and review signal providers.
  • Margin Call-o-Meter – This estimates the risks as to when your account will go bankrupt if you receive a margin call. It helps you distinguish the amount of capital you are risking. However, the margin call-o-meter is only an indicator and does not prove any means necessary that it is an effective system for money management. 
  • ZuluScript – also known as Expert Advisors (EA), allows you to write scripts to create a trading bot’s parameters. A ZuluScript provides you automation for trade, which results in the execution of several more trades that is impossible when done manually. 
Always be prepared for any additional costs before signing up in ZuluTrade. Also, take note of the promotions, deposits, and bonuses that you may find on their website now and then.

Want to learn more about ZuluTrade? Visit http://tradewise.community/zulutrade-review/ by TradeWise. TradeWise offers reviews of trading and investing products and services based on their own experiences of the same.

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