How to Select the Best ZuluTrade Broker
? Select best broker platform
? Open broker account
? Profit-share vs Classic Account
? Top-3 ZuluTrade Brokers
?? ZuluTrade Brokers for US clients
Open Free Account Now
Even if you are making your first steps in investing, you must have heard about ZuluTrade, founded in 2007 by Leon Yohai. ZuluTrade was created in response to the non-existence of the web-based trading platform, allowing traders to run their investment strategies and share their knowledge and know-how. ZuluTrade is a pioneer in Social Trading, a widespread phenomenon that allows beginner investors to copy experienced traders and their top-performing strategies.
It also allows the successful trader to monetize their know-how by allowing others to follow them and copy their trading positions on the revenue share model. Many of our readers keep asking us, what is a ZuluTrade broker? How can I start trading with ZuluTrade? We have prepared this review to help you answer these and other important questions about the ZuluTrade Social Trading platform.
Is ZuluTrade broker or not?
In short, ZuluTrade is a social trading platform and technology company that created a community of like-minded traders and investors. It allows traders to run their investment strategies and monetize them by allowing other people to follow them. It also allows other people to choose and invest in existing trading strategies that other people manage. We have to give credit to ZuluTrade. They made this process straightforward. Even if you don’t have any experience in trading with ZuluTrade, you can start investing in the top-performing strategies of your choice in a matter of minutes.
But it is important to remember that ZuluTrade is not a broker and is not regulated. Rather, it is a marketplace that connects investors and professional traders and allows them to collaborate via a professional trading venue or CFD broker platform. That is why when we talk about ZuluTrade brokers, we mean independent CFD brokers that are connected to the ZuluTrade platform.
One of the main advantages of CFD brokers is that investors don’t have to buy the underlying asset and therefore pay a full price. Instead, they only need to put in enough money to cover the price change. CFD brokers usually don’t charge a commission per trade and only make money on spreads or the price difference between Bid and Ask. The more liquid the underlying asset, the lower it is spread, and on most popular assets, including cryptos, you can get ultra-low spreads with ZuluTrade brokers.
While ZuluTrade brokers partner list is extensive, the company works only with the best companies on the market. Therefore, the vendor will need strong financial standing and a strong track record for the ZuluTrade broker panel. ZuluTrade also ensures that its broker partners can cover as many geographies as possible to service clients from anywhere in the world. For example, one of the most common problems for EU based brokers is that they can’t allow US clients into their platform. To solve this problem, ZuluTrade partners with OANDA, a US-based broker working with US-based clients. But we are going to talk about it more later on.
How to open an account with ZuluTrade brokers?
Once you register with ZuluTrade and familiarise yourself with their platform, you can start investing by opening a ZuluTrade broker account. If you already have an account with one of the providers on the ZuluTrade brokers panel, all you have to do is provide your login details. After that, your brokerage account will automatically connect to ZuluTrade.
Once your ZuluTrade broker account is up and running, you need to choose the account type, and here ZuluTrade gives you two options.
ZuluTrade Profit-Sharing Account
This is the most popular account among most of the ZuluTrade users. For a monthly subscription of $30, you can follow and invest with as many professional traders as you like. There is also 25% profit-sharing that goes to the trader that you choose to follow. It is important to remember that you only share 25% of the profits you can generate following a particular trading strategy. If the performance is flat or negative, you don’t have to pay anything.
This is the ideal option for hands-off investors who want to enjoy zero commission trading and don’t want to get too much involved in the nitty-gritty of professionals.
ZuluTrade Classic Account
This type of account is more popular among advanced users who dedicate a certain amount of their time to trading. This account is free, and standard volume-based commissions are applied. You will also have the ability to fully customize your copy-trading strategy, which means you won’t just blindly follow the investment strategy but can only pick up the trades you like.
? Best for Social Trading
? Easy with Copy Trading
✅ 1000+ Tradable Assets
?? US Clients Allowed
ZuluTrade Brokers – How to Choose the Best One
While this might sound like a complex task, ZuluTrade made this extremely easy for you. First, based on your IP and geographical location, ZuluTrade will only display the available brokers in your country. Before you choose the broker from the table, you can also familiarise yourself with the individual features of the ZuluTrade brokers. You will see in which countries the broker is regulated, the minimum deposit requirement and what currencies each broker supports.
You can also open up more detailed information about each of the ZuluTrade brokers, where you will find a general description and information on trading platforms, asset classes that you can invest in, the leverage provided, supported currencies and other special features.
So you can rely on ZuluTrade for the best available broker recommendation, or you can do some research and choose the trading partner you like. If you are serious about investing, you can also open accounts in multiple ZuluTrade brokers accounts and see which one offers the best user- and trading experience.
ZuluTrade Brokers – What are the Top 3?
As we mentioned, the ZuluTrade brokers panel is quite extensive, but we want to highlight the Top 3.
AAAFX Broker
AAAFX is a preferred partner of ZuluTrade. It offers instant account creation with ZuluTrade and is compatible with all the features of this social trading platform. For crypto enthusiasts, it offers Bitcoin Deposits and cryptocurrency CFD trading. It offers ultra-low spreads and access to trading platforms such as ZTP, Meta Trader 4 and Automated Trading with ZuluTrade. AAAFX offers access to its state of the art native mobile app, instant deposit, and live support 24/7. With AAAFX, you can invest in all major cryptocurrencies as well as Forex. AAAFX is a CFD broker regulated in the EU.
AvaTrade Europe
AvaTrade is one of the best CFD Brokers that we already covered in this AvaTrade review. It has more than 200,000 registered users from over 140 countries and allows you to invest in stocks, bonds, forex, commodities, ETFs, indices and cryptocurrencies. AvaTrade is regulated in 6 jurisdictions and has offices across 10 locations. AvaTrade trading volume exceeds $50 billion monthly, making it one of the largest in the world. This broker has been on the market since 2006, which makes AvaTrade one of the most reliable ZuluTraer broker partners.
OANDA
OANDA is the preferred ZuluTrade broker for US-based clients, which makes it unique. OANDA was founded in 1996 by pioneers in algorithmic trading, Dr Michael Stumm and Dr Richard Olsen. OANDA offers CFD trading in stocks, bonds, commodities, metals, forex, indices and major cryptocurrencies. Investors can take advantage of ultra-thin spreads and trade via desktop, web or mobile trading platforms. It also has other features available in most advanced trading terminals such as Economic Calendar, Margin Calculator, and a full set of Fundamental and Technical Analysis tools. But the main reason why OANDA is on the top 3 ZuluTrade Brokers list is that it is a US-regulated broker that allows US-based clients.
ZuluTrade Brokers – Trade with the Best
As you can see, ZuluTrade went on the extra mile to establish relationships with the best global CFD broker platforms. Its trading partners are regulated in most jurisdictions to accommodate clients from anywhere in the world. Some ZuluTrade brokers are very niche and specialise only in a certain asset class, be it forex and crypto. For example, like AvaTrade, others are some of the largest trading houses in the world where you can trade any asset class. With most ZuluTrade brokers, you will only need to put $100 as a minimum deposit and take advantage of ultra-low spreads.
Most ZuluTrade brokers are regulated in the EU, some in off-shore jurisdiction, and OANDA is a US-regulated broker that allows US-based clients. You can make deposits in most of the currencies, including but not limited to EUR, USD, GBP, RUB, CHF and many others. In addition, you can deposit funds and have instant withdrawals using some of the most popular payment methods such as debit or credit card, bank wire, Skrill, Neteller, PayPal and many others.
With ZuluTrade brokers, you can optimise and diversify your portfolio and follow successful trading strategies already proved in making a profit. You can invest with the best and join the global community of investors and professional traders.
While we tried to cover only the main ZuluTrade brokers, we would be interested in hearing from our readers about your investing experience with ZuluTrade. What trading profit did you achieve with this social trading platform? Which strategies do you find the most interesting and why? Which ZuluTrade brokers can you recommend to our community and why? Share your feedback in the comment section below or reach out directly to us. We’d love to hear from you!
For more information on the world largest social trading platform, please read our comprehensive ZuluTrade review.
Practice with ZuluTrade Demo Account
? Best for Social Trading
? Easy with Copy Trading
✅ 1000+ Tradable Assets
?? US Clients Allowed