ZuluTrade Supported Brokers
ZuluTrade is a social wealth management platform that was launched in Greece in 2007 and works as a supplier of social and copy trading services. It is currently used by over 70 prominent European and global brokers. ZuluTrade is governed by the Hellenic Capital Market Commission (HCMC) in Greece, and in Japan by General Japan Investment Advisers Association.
ZuluTrade is often regarded as one of the greatest copy trading platforms in the market. They've continued to enhance the platform throughout the years, keeping them ahead of the competition in many areas. You can automate many of the functions, get fresh ideas from the large ZuluTrade community, write scripts for trading bots, follow over 10,000 live traders, and protect your account against irregular trades, among other things. Furthermore, you can connect ZuluTrade to a sample MetaTrader 4 account to test the features and trader performance before risking any real money.
Now that we have introduced ourselves to ZuluTrade, let’s look at some of the best ZuluTrade Supported Brokers.
AvaTrade was founded in 2006 and is licensed and regulated by the ASIC, the Central Bank of Ireland, the FCSA, and the BVIFSC. AvaTrade provides copy trading services primarily through the AvaSocial trading app. However, they also work with third-party programs such as DupliTrade and ZuluTrade to provide you with a variety of automated trading packages. Via an API, ZuluTrade links directly with the AvaTrade and MetaTrader 4 trading platforms. This means you can use ZuluTrade directly on these platforms.
To open a real account with AvaTrade and link it to ZuluTrade, a minimum deposit of $100 is required. AvaTrade's spreads are industry standard, with major currencies averaging 0.9 pips. The company does not charge any commissions when trading. CFDs on Forex, commodities, equities, indices, cryptocurrencies, bonds, and ETFs are among the trading instruments available at AvaTrade. Clients can also trade on the MetaTrader 5, and AvaGo platforms.
76% of retail CFD accounts lose money
IC Markets is a large international broker based in Australia that was founded in 2007. The company is regulated by the ASIC and the CySEC. IC Markets offers copy trading services in collaboration with top social trading platform providers ZuluTrade and MyFxBook Autotrade. IC Markets has tight spreads which can be as low as 0.0 pips, with EUR/USD averaging 0.1 pips on the two Raw spread accounts. These accounts charge commissions of $3.0 per $100,000 traded or $3.5 per side per lot depending on the trading platform a client chooses to use. The standard account, on the other hand, has spreads as low as 0.56 pips with no commission charged.
The trading platforms available on the IC Markets trading site include MT4, MT5, and cTrader. A minimum deposit of $200 is required to open an IC Markets account. IC Markets offers trading in forex, stocks, and CFDs on commodities, futures, bonds, and cryptocurrencies.
Tickmill is regulated by the FCA, the CySEC, and the FSCA. This broker site allows trading in a number of tradeable instruments including CFDs on stocks, commodities, futures, and oil. Copy trading services are available using ZuluTrade and Myfxbook Autotrade. The minimum deposit to open an account with this broker is $100.
Regarding trading accounts, there are three main accounts to choose from. These include the Classic account, the Pro account, and the VIP account. These accounts feature manageable and industry-standard spreads. The Pro account only charges spreads when trading, and they can go as low as 1.6 pips for major currency pairs. On the other accounts, the spreads are raw and start from 0.0 pips with low commissions charged. Clients using the Pro account pay 2 currency units per side per 100,000 units traded. For example, if you open 1 lot on EURUSD, then you will pay 2 EUR per side. On the other hand, users of the VIP account pay a commission of 1 currency unit per side per 100,000 traded.
FXCM is a forex and CFDs broker under the regulation of the FCA, the FSCA, the CySEC, and the ASIC. The company also has over 20 years in the market which is an impressive achievement. The minimum deposit to open an account here is $50. FXCM supports ZuluTrade services to both European and international traders. This platform allows clients with little time to place orders easily by copying more successful investors on the platform. It also allows those lacking experience in the market to copy the strategies of more seasoned traders.
Some of the trading instruments on this broker site include forex and CFDs on indices, shares, and commodities. Such a great collection of trading instruments is attractive to many traders, both new and old. Moreover, this broker provides a great lineup of trading platforms including Trading Station and MetaTrader 4. Better yet, the spreads on this platform are competitive on currency pairs and CFDs. These spreads can go as low as 1.0 pips for major currency pairs.
AxiCorp Financial Services Pty Ltd, often known as AxiTrader, is an Australian Forex and CFDs broker that was launched in 2007. It is regulated by the Australian Securities & Investments Commission (ASIC), one of the best regulators in the business.
In Axi, ZuluTrade can be done using the MetaTrader 4 but it also has other trading platforms such as Axi Psyquation and AxiOne. Axi requires a minimum deposit of $200 or equivalent in account currency. The spreads are competitive, starting from 0.4 pips on the standard account and 0.1 pips on the Pro account. The pro account charges a commission of $3.5 per lot per round. This broker site has a wide variety of market instruments to trade. Investors can trade CFDs of Forex, cryptocurrencies, gold, and other commodities.
AAAFX is available in Europe under the Hellenic Capital Markets Commission (HCMC) regulation. Additionally, the company is regulated by the FSCA in South Africa. The minimum deposit on this broker site is $100. Access to the copy-trading platform ZuluTrade is also available on AAAFx. This is one of the best platforms for copy-trading. One of the top features is allowing traders to keep track of top traders and access their trading performance. This gives them an idea of the risks or success they should look out for.
Generally, ECN brokers offer ultra-low spreads compared to other brokers. This is because such brokers give traders direct access to liquidity providers and hence, direct market prices and spreads. In this case, the spreads can go as low as 0.0 pips for major currency pairs. Interestingly, there is no commission charged when trading forex with AAAFx. On the other hand, trading indices and commodities charge a minimum commission of $0.74. The minimum commission clients pay when trading stocks sits at 0.075%. Some of the trading instruments available with AAAFX include CFDs on forex, commodities, stocks, indices and cryptos.
Final thoughts on Brokers that support using ZuluTrade
CopyTrading might not be for everyone. Some people trust their strategies and have enough time to analyse markets and develop trading strategies. However, technologies like ZuluTrade are necessary for the forex space. Some traders simply lack time to place their own trades even though they want to participate in trading. Furthermore, there are many beginners who wish to copy the trades of more seasoned and successful investors.
ZuluTrade is one of the best software for both CopyTrading and SocialTrading. This review looked at some of the best brokers that support ZuluTrade with some of the best trading conditions. If they meet your trading needs, then choosing a broker on this list might suffice.