Is Zulutrade Copy Trade Any Good?
Is Zulutrade Copy Trade any good?
If you do have some experience with Forex Trading, making some extra cash with Zulutrade Copy Trade won’t be challenging at all. Zulutrade is a trading system that operates online, and opens its doors to those eager to trade. So Zulutrade Copy Trade is certainly one of the best online trading platforms out there.
In order to learn the environment without subjecting yourself to risk, they have an option where you get a demo account so you can test the waters. With just a little investment of $300, you can now get started with trading.
Making your Zulutrade Copy Trade account is a piece of cake. Also they’ve installed a list that contains the followers performance ratings. If your goal is to ultimately become a copy trader, just find a user whose doing well, and do the best to copy all of his options.
If you just started in the auto trading industry, it will take some time until you build up enough prestige for your account to start being fruitful and begins paying back your financial investment.
Zulutrade Copy Trade is among the most user friendly and open auto trading medium in the whole world, you just have to want to register. There’s a great degree of versatility as your account can be in Euro, ,CHF,AUD, JPY,USD because of the fact that the Greek broker AAAfx is integrated into their network.
The good news doesn’t stop there, they have integrated about 50 brokers from regions all over the world like : Australia, UK, United States Of America, Europe and Russia. All of these professionals are capable to facilitate your account in whatever currency you want, plus currencies from other far away places also.
It is worth mentioning that there’s a small fee involved when dealing with the Zulutrade Copy Trade brokers, but not when dealing with the AAAfx ones. Brokers performances differ because of the spreads and Zulu Trade commissions charged.
What role does Slippage have?
Slippage is a key element when it comes to auto trading platforms. Slippage basically is a factor that dictates the speed of the system, as it executes the trade signals from the traders, or even the signals you’ll be tracking with your own profile.
You may evaluate your account’s performance whenever you like because of Zulutrade’s policies, that make this activity readily available . E-mails and summaries of your account are sent every single day and each single week by Zulutrade, this will help you keep tabs on trade results.
If the behavioural pattern of the trader you are tracking changes, you will be immediately notified. The email will show if the trader retains normal stop level or if they are trading more than you’re used to.
ZuluGuard if a nifty feature that enables for the replacement, closing or disabling of a certain signal provider, if said signal provider’s activity becomes something that you do not approve of.
Zulutrade Copy Trade Online interface allows for you to cancel any trades that the provider of signal has opened manually, or even to initiate or interrupt trades by yourself. The simplicity and facility of the method is astounding.
Auto trading by using your very own mobile.
If you want to keep track of your trading while on the move, and you own a mobile phone or table that runs on iOS or Android, make sure to download the Zulutrade Copy Trade app. This application is well designed and it continues to remain optimal even if the user is constantly move.
The application also has a great degree of compatibility with social networking sites such as Twitter and Facebook, so if you want to, you can post your trades online.
By selecting Zulutrade Copy Trade, you’ll get support in a multitude of language through email and phone. The response time for emails is about 24 hours and the phone support line can service you instantly.
The user instructions that Zulutrade provides aren’t that complicated, and their main objective is to elaborate on the trade functions. Their forum section is very lively, and your questions may be answered by other users like you.
Zulutrade Copy Trade’s faults
Sadly, for each successful and consistent signal provider, you’ll find multiple inconsistent traders that you’ll have to deal with. Signal providers aren’t obligated to trade using their own funds. For traders not dealing in Forex, managing their funds can be quite hard, and beginners need constant supervision, at least until they learn how the whole trading and currency system works.
Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. The high degree of leverage available can magnify profits and as well as loses. You can lose more than your initial deposit. Before trading, please carefully consider the risks and inherent costs and seek independent advice as required. Past performance is not an indictor of future results.