Of that Drawdown we can also say it had a duration of about one month, ie it took a month before the account came back to create a new profit high. Finally, you have decided what Signal Provider to choose, even if only in demo for the moment. If you know Excel just a little bit, you know that with this program you can make your analyzes and studies on a really professional manner. You just need to know what to look for and how to use the tool, in order to move from beginner to expert, and obtain from data the competitive advantage that only the professionals get.
- As mentioned above, deposit methods depend on the broker you select for your ZuluTrade Account.
- It is important to make sure the ZuluTrade platform is compatible with your broker, and trading needs.
- If you would prefer to trade using Metatrader 4 then this is also an option available to you.
- It offers a diverse range of financial instruments to cater to various trading preferences, including forex, stocks, indices, commodities and cryptos.
- Furthermore, you should also check with your broker on any withdrawal fees that may be in place.
- So, he won’t find himself with many positions open at once and in loss, because if they lose too much he closes them, cashing the loss.
You can copy more than one trader but the investment levels and risk profile should beconsidered. ● ZuluTrade Review – Exposure – This will tell you about the risk profile of each trader based on how many trade positions will be open at the same time. To ensure the safety and security of our customers, Zulutrade partners with top-tier brokers who are regulated by authoritative organizations. These institutions hold these entrusted companies accountable for their trading activities and consumer protection efforts. These include Giropay, EPS, Sofort, iDeal and Przelewy24, among others, to ensure all traders are catered for.
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Above all, on the top left, you can set the time period of simulation, and also change your imaginary balance and your account’s currency, including the leverage you would like to simulate. The accesses to simulation tool are a scattered throughout the entire site, for example in the trader ranking page, or in the main dashboard of your account. ZuluTrade is well aware of the fact that many of the investors who land on its site does not have the right knowledge of the sector. Despite its efforts to explain certain things, it’s often the very people who don’t want to listen. Obviously, this is not your case because you arrived here on Investingoal and you’re interested in this topic.
If you want to dig deeper in this topic, take a look at our article where we explain which is the best broker for Zulutrade. When you set the data and launch the simulation, ZuluTrade will return the performance graphic. In addition, in the top right corner you can also find the performance figure, in percentage and monetary terms.
As an investor, protection of your funds while using the platform is of vital importance no matter your broker choice. This is something which is well-recognized by the platform and which other Zulutrade user reviews have pointed out. You can copy trade unlimited strategies on a demo account, with virtual money, and without a subscription plan. As an investor, deposit and withdrawal methods will vary depending on the broker. It is also worth checking for any deposit and withdrawal fees applied by the online brokerage.
By clicking on Open Trades some circles with a numbers inside will appear on the Equity. Those numbers represent the number of operations simultaneously kept open during those moments of his trading activities that ZuluTrade identified as salient. Critical Events instead will show what were the times when the Signal Provider has traded in conjunction with major world events. By passing over them with the mouse you will be able to know what these events were. This factor can show you some interesting aspects about a Zulu trader (or presumed).
- 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.
- With that option selected, ZuluTrade would say to your broker to open the trade already opened by the Signal Provider, but in reverse.
- They are also reported to be regulated by Hellenic Capital Market Commission (HCMC) in Greece and by Japan’s General Investment Advisers Association in Japan (2014 – No. 1058 Member Associations).
- You can, of course, set the lot size value, but also a whole range of interesting parameters.
- You quite often get traders that have a lot of success (very high profits) very quickly but they don’t last long.
- Quite simply, the platform connects traders to each other and allows them to copy trades from one another.
That way, it’s very easy to see if and how you would have done better or worse. With the first, knowing how much the average slippage with the broker with whom you have opened your account is, you can see very wisely if and how much the profit performance would be different. You may notice that, given the slippage, in some cases it would not worth the trouble. This “Simulate my portfolio” ZuluTrade tool simply use the past data of a Signal Provider, and combines them with those of other traders, according to your requirements. So, if on one hand the account does not suffer closed and accounted losses, on the other the “open” losses, if the market continues in the unfavorable direction, can be enormous. The drawdown expressed for a ZuluTrade Signal Provider is the total of the losses caused by the open losing positions only, at a given time.
Actually, accessing the advanced currencies filter, you’ll have many more filters that we’ll briefly describe below. Pending orders are orders that will be automatically executed when certain price levels are met. In this sub-section you can see if there are any and what their parameters are. Like before, this section also allows to sort the orders according to the value of each column, both in ascending and descending order. Within the open positions section, you will find the list and details of the open and not yet closed transactions, divided by Signal Providers.
What Is ZuluTrade?
The account base currency is the currency which you are trading in. It makes sense to try to get a base currency which matches your deposit and withdrawal currency. You may open up to 10 Demo accounts and a rolling expiration policy of 15 days applies to all Demo account and you can also try out the ZuluTrade account features. In fact, you can try out a demo of every feature that are available without ever connecting it to your broker.
IC Markets Broker Min Deposit
The minimum deposit to use ZuluTrade is very low, some of the 50+ forex brokers that they work with who you can copy signals on your own personal trading account with require a deposit from just $1! You can even start on a demo trading account to begin with free of charge. Firstly, vetted forex traders join ZuluTrade and connect their trading account to share with other traders. ZuluTrade ranks these traders based on their returns and risk in a very easy to interpret table which you can sort based on your preferred filters.
ZuluTrade Review
This button is not only in this section, but in different places in the ZuluTrade platform, so there is no need for you to return here every time you decide to follow someone. This type of ZuluGuard protection acts on each trade opened by the Signal Provider. The number of pips you choose as Single Trade Protection will be the maximum number of pips that ZuluGuard will tolerate before acting according to your choices. Given that there is already an open operation in the market, you just have to set the minimum number of pips of difference that the entry price of the new trade must have form the entry price of the position already in the market. The term Avoid Hedging, refers to the practice of opening two or more operations on the same account on the same instrument with opposite directions. Buying a lot of EUR/USD and simultaneously selling one is considered Hedging.
The trick to operate as a professional in Zulutrade minimizing the risk
Yeah, I think that the level of services that this platform has is totally unmatched.And it’s not just the amount of forex brokers integrated into this company, it’s also the overall quality of those forex brokers. Basically, you can trade through all of the top-tier brokers of the industry, no cap. Even in countries where forex brokers can hardly obtain licenses.It speaks volumes about the company is legit. To maintain a ZuluTrade account, you must have a balance of at least $100 in the connected trading account.
Available Platforms
Some brokers do not allow this, others do, but it depends on the broker and it is important that you know yours allows it ahead of time. The clock icon (time filter), allows you to set times periods when you don’t want ZuluTrade to forex broker reviews replicate the operations of that particular Trader (Signal Provider). Let’s say you do not want to copy operations at night, all you have to do is just filter out the night hours using the boxes in the following pop up window.