ZuluTrade is a web-based innovative Forex trading platform that offers free auto-trading to their registered members. They provide free auto-trade platform which you can enjoy for your life while they take care of your transactions even without your presence.
ZuluTrade is developed to allow automatic execution of Forex trades signals. It uses a trade robot that executes various trade signals which are offered by different signal providers operating in eth market. ZuluTrade was founded in 2007 and has significantly grown with operations in different parts of the world. It is headquartered in Athens, Greece and operates other branch offices in major cities like Shanghai, New York, and Hong Kong. ZuluTrade has registered more than 15,000 active trading clients using their network and currently operating in more than 183 countries. The use of ZuluTrade is free and very simple.
Advantages Of Using ZuluTrade Auto-Trade
1. Their Forex Trading is Automated
ZuluTrade is developed to effectively combine online Forex trading with other social aspects that allows the trader to easily trade trades and success rates. The auto-trade also allows the online currency trader to automatically mimic preferred trades so that they easily take advantage of other experts' strategies from 60 Forex brokers worldwide. The auto-trader has a chance to choose by himself which signal providers or experts to follow. The best part is that they auto-execute these transactions for free once the trader has selected his preferred signal provider.
2.User Interface
ZuluTrade provide the best trading interface. They provide a page where their registered auto-traders can formulate and compile their portfolio. The auto-trader can add multiple signal providers to auto-trade their Forex account. You can also configure many aspects on the user interface including portfolio and various other parameters from the signal providers selected. These including setting risk limits, different multipliers, stop loss targets etc.
3. Free Risk Management Control
Another great advantage of using ZuluTrade free auto-trade is the free risk control and money management functions that they offer. ZuluTrade uses a tool known as "Margin-Call-o-Meter" which is well developed to protect auto-traders from effects of margin calls. This tool plays a very significant role and should never be neglected. Most clients who have avoid this tool ended up making much loss due to high leverage. Such auto-traders at the end make huge losses.
4.AAAFX - ZuluTrade Integrated Broker
ZuluTrade integrates with AAAFX that offers many advantages to Forex their auto-traders. First, AAAFX offers the lowest possible slippage amongst other signal providers. Always they are among the top 3 brokers offering lowest slippage. This allows you to closely mirror the performance of your trades. In addition, the trader can potentially pocket more pips due to low slippage and take advantage at any time.
5. They Manage Auto-Traders' Accounts For Free
ZuluTrade is preferred for offering free account management on behalf of its auto-traders. The auto-trader is only required to select a signal provider. Thereafter, the ZuluTrade executes all transactions free of charge on behalf of the auto-trader. They offer this service to trader who matches the signal provider's activity irrespective of the brokerage which holds the trader's account. In addition, ZuluTrade require no third-party wire transfers and no minimum capital investments. The trader's funds are all held by his brokerage account.
Demerits Of Using ZuluTrade Auto-Trade
1. Over-Relying On Someone Else's Trading Expertise Skills
Relying on someone else' skill is the greatest ZuluTrade strength but it turns out to be its strongest weakness. With ZuluTrade, the auto-traders are simply riding on the expertise and skills of other people. This is a big risk when you consider that anyone can become a signal provider. This can lead to poor quality trading system on the website making traders abandon many trading systems.
2. Signal Providers Are Not Being Filtered
ZuluTrade uses different several signal providers most of which become inactive and obsolete. The worst part is that ZuluTrade has no method in place to filter out obsolete and signal providers which have been abandoned. They remain littering the site for nothing. Even some profitable signal providers do crash and burn due to high-risk strategy thus need to be removed from the website.
3. Inconsistencies In Opening And Closing Operations
Many ZuluTrade auto-trade clients complain of inconstant operations in opening and closing orders especially in America. This is attributed to the NFA FIFO regulation currently being enforced. This regulation often prevents traders from closing a second operation before closing the first operation.
Conclusion
Although there are a few significant demerits, ZuluTrade is still the best for Forex auto-trading. I would say no broker is perfect and everyone has their own weaknesses. There are plenty of outstanding trading opportunities that ZuluTrade provides. By being careful with signal provider selection and practicing due diligence, you can make loads of cash while asleep using ZuluTrade free auto-trade account.
ZuluTrade is developed to allow automatic execution of Forex trades signals. It uses a trade robot that executes various trade signals which are offered by different signal providers operating in eth market. ZuluTrade was founded in 2007 and has significantly grown with operations in different parts of the world. It is headquartered in Athens, Greece and operates other branch offices in major cities like Shanghai, New York, and Hong Kong. ZuluTrade has registered more than 15,000 active trading clients using their network and currently operating in more than 183 countries. The use of ZuluTrade is free and very simple.
Advantages Of Using ZuluTrade Auto-Trade
1. Their Forex Trading is Automated
ZuluTrade is developed to effectively combine online Forex trading with other social aspects that allows the trader to easily trade trades and success rates. The auto-trade also allows the online currency trader to automatically mimic preferred trades so that they easily take advantage of other experts' strategies from 60 Forex brokers worldwide. The auto-trader has a chance to choose by himself which signal providers or experts to follow. The best part is that they auto-execute these transactions for free once the trader has selected his preferred signal provider.
2.User Interface
ZuluTrade provide the best trading interface. They provide a page where their registered auto-traders can formulate and compile their portfolio. The auto-trader can add multiple signal providers to auto-trade their Forex account. You can also configure many aspects on the user interface including portfolio and various other parameters from the signal providers selected. These including setting risk limits, different multipliers, stop loss targets etc.
3. Free Risk Management Control
Another great advantage of using ZuluTrade free auto-trade is the free risk control and money management functions that they offer. ZuluTrade uses a tool known as "Margin-Call-o-Meter" which is well developed to protect auto-traders from effects of margin calls. This tool plays a very significant role and should never be neglected. Most clients who have avoid this tool ended up making much loss due to high leverage. Such auto-traders at the end make huge losses.
4.AAAFX - ZuluTrade Integrated Broker
ZuluTrade integrates with AAAFX that offers many advantages to Forex their auto-traders. First, AAAFX offers the lowest possible slippage amongst other signal providers. Always they are among the top 3 brokers offering lowest slippage. This allows you to closely mirror the performance of your trades. In addition, the trader can potentially pocket more pips due to low slippage and take advantage at any time.
5. They Manage Auto-Traders' Accounts For Free
ZuluTrade is preferred for offering free account management on behalf of its auto-traders. The auto-trader is only required to select a signal provider. Thereafter, the ZuluTrade executes all transactions free of charge on behalf of the auto-trader. They offer this service to trader who matches the signal provider's activity irrespective of the brokerage which holds the trader's account. In addition, ZuluTrade require no third-party wire transfers and no minimum capital investments. The trader's funds are all held by his brokerage account.
Demerits Of Using ZuluTrade Auto-Trade
1. Over-Relying On Someone Else's Trading Expertise Skills
Relying on someone else' skill is the greatest ZuluTrade strength but it turns out to be its strongest weakness. With ZuluTrade, the auto-traders are simply riding on the expertise and skills of other people. This is a big risk when you consider that anyone can become a signal provider. This can lead to poor quality trading system on the website making traders abandon many trading systems.
2. Signal Providers Are Not Being Filtered
ZuluTrade uses different several signal providers most of which become inactive and obsolete. The worst part is that ZuluTrade has no method in place to filter out obsolete and signal providers which have been abandoned. They remain littering the site for nothing. Even some profitable signal providers do crash and burn due to high-risk strategy thus need to be removed from the website.
3. Inconsistencies In Opening And Closing Operations
Many ZuluTrade auto-trade clients complain of inconstant operations in opening and closing orders especially in America. This is attributed to the NFA FIFO regulation currently being enforced. This regulation often prevents traders from closing a second operation before closing the first operation.
Conclusion
Although there are a few significant demerits, ZuluTrade is still the best for Forex auto-trading. I would say no broker is perfect and everyone has their own weaknesses. There are plenty of outstanding trading opportunities that ZuluTrade provides. By being careful with signal provider selection and practicing due diligence, you can make loads of cash while asleep using ZuluTrade free auto-trade account.
About the Author:
Utilizing ZuluTrade may be effective if used correctly with the perfect broker. See the details of the most effective brokers that registered in ZuluTrade at AAA Fx review. Should you instead having EA as your auto-trading means, I would advise you check out the suggested ones at forex robot reviews.
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