ZuluTrade was founded in 2007 by Leon Yohai and Kosta Eleftheriou.

The problem that we were experiencing at that time is that we could not see open positions of signal provider from live accounts and we had some time zones problems . The closing reason we see on our system is STOP HIT for both – your and signal provider’s trades. As we see now FX markets is putting unreasonably high stops in order his trades not to close when the stop is hit and he leaves the trades open for few days and eventually closes them in profit, but with a big DD. ZuluTrade was founded in 2007 by Leon Yohai and Kosta Eleftheriou. Yohai traded on the FXCM trading platform prior to founding ZuluTrade. He created a software connected to FXCM’s API that allowed him to copy trading strategies in his realm of interest. By 2009, the company had over 4,500 «expert» trader (or «signal provider») portfolios whose trading strategies could be copied by the platform’s user base.

• Because the risk factor is high in the foreign exchange market trading, only genuine «risk» funds should be used in such trading.
• Trading spot currencies involves substantial risk and there is always the potential for loss.
• Over the years they’ve continued making improvements to the platform, keeping them in front of the competition in many ways.
• ZuluTrade is considered to be one of the best copy trading services available.
• I currently have max trades set to one, but have three providers to choose from; FxMarkets, Scalpers Group and GBP$.

For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. In September 2014, expanded in Japan through the acquisition of a regulated investment advisor, Market Crew Investment Advisor Co., Ltd., and launched its collaboration with local FX retail brokers. In March 2015, ZuluTrade Group announced that the platform was awarded an EU Portfolio Management License from the European Union. The designation made the company a licensed portfolio management company in the EU.

Zulutrade’s Top Traders

Signing up is totally free, and there is NO contract and NO monthly fees, ever. After reading my email reply below which is within the email text of https://ru.investing.com/news/forex-news, please let me know which version you believe. I have no solid proof and I might have to give up the fight but besides the $500 lost, I have bad feelings trusting them with my money if my assumptions are correct. The past week was very good with FxMarkets and Scalpers Group working hard selling the GBPJPY at the right time.

And will check the open positions of a signal provider with technical department in order to avoid such misunderstandings. If you know any person whose trade of fxmarket (31/12) did not close after 06/01let us know, because we did not have any complaints https://forexreviewdaily.com/zulutrade/ about that. Everybody have either closed their trades manually earlier thinking that the trade appearing in fxmarket’s history is their trade and avoided further losses, in other accounts the trade has been closed by the stop value of a signal provider.

With over 10,000 traders to choose from there are definitely some who could wipe your account out because they have little to no risk management strategy. However, there are also many very good traders, and if you are able to narrow down your options to the best traders to follow you will have a chance at being profitable with this service.

Beat The Odds With Copy Trading

Friends in the blog sphere have also mentioned either their trade in the demo was not closed and one guy closed it manually after realizing the providers trade was closed already. Never ever has FxMarkets allowed a trade to reach 270 pips in profit or even close it to it. It does not make sense, and after seeing earlier different records I just don’t believe it. https://forexreviewdaily.com/zulutrade/ provides rankings of investor performance and allow investors to immediately observe and copy other trader’s portfolios.

(Zulutrade mentions $504.66 but it is actually only $499. They failed to include the spread/roll on two trades.) Lets hope trading continues like this. GuruFx is already Characterized as risky and the DD of Aradi forex has grown to over 380 pips on a trade, besides he has now 316 pips DD but I didnt check to see if it is one or more trades. With ownership of more than a dozen brands in the fintech and financial services industry, Finvasia reaches millions of investors around the world. It has offices in over 5 countries, serves clients in more than 150 countries and is regulated by over a dozen regulators around the globe. If you are looking for a good way to set up a copy trading system then it’s hard to beat ZuluTrade. You’ll get access to over 10,000 traders to potentially follow, and the powerful ZuluTrade search feature lets you narrow that number down based on a large variety of conditions. For example, you could specify that you need traders with a minimum of 1 year with the service who have a maximum drawdown of 30%, and who trade their own money too.

Personal Tools

I currently have max trades set to one, but have three providers to choose from; FxMarkets, Scalpers Group and GBP$. I therefore dont get all the first trades of any, since I might be in a trade whilst the other is placing a new one. Browse your way through Forex’s diverse list of expert traders and choose who to follow based on their success rates and the assets they trade. If you are an advanced investor and prefer manual trading, you are always able to customize your settings or trade with a variety of advanced tools. I saw FxMarkets other live trades when you say there was a software glitch which prevented checking open trades. He uses a trailing stop or something like that and wouldnt have let the trade reach such high profits and then go back again into minus.

Live Trading Forex With Zulutrade

The UI is intuitive and the app is really easy to use. As a beginner, I didn’t face problems getting used to it. Finvasia has been working to increase its reach in Europe, North America and Middle-East in various ways in order to create a complete ecosystem for retail and institutional investors. zulutrade is a cutting-edge auto trading platform that connects directly with the AvaTrade site and MetaTrader 4 brand through an API. That means you can use directly on these platforms. The Futures Commission Merchant («FCM») and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread.

ToolsMake use of these tools to help with your investments. In any case after analyzing everything carefully we do not see any reason for a refund as the trade has been executed correctly. To kick off your trading journey with us, you will need to connect your account with a Trading Broker. That’s why only 11-26% of manual investors end up winning.

The platform also has a feature called ZuluScript which allows users to create scripts that designate specific parameters as criteria for trading robots (known as «Expert Advisors») to automatically start making trades. Additionally, zulutrade trading platform operates a binary option social trading platform.

ZuluTrade is a Greek financial technology company that operates an online and mobile social and copy trading platform. The platform allows users to copy other traders in the forex. As of 2014 ZuluTrade had around one million users and an executed trading volume of over $800 billion. The ZuluTrade service was launched in 2007 so judging by the longevity of the service it’s a pretty safe bet to say there are traders who are making money using the ZuluTrade service. The key is to be able to find traders on the platform to follow who have a solid strategy and consistent results.