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Which broker offers ‘lowest’ deposit amount? Must work with ZuluTrade Forex Brokers BabyPips com Forum

The pro and VIP https://trading-market.org/s are commission-based and spread start from 0.13pip for major pairs. This rate is tighter than the average in the market, making Tickmill’s pricing highly competitive. FXCM is a leading provider of online foreign exchange trading, CFD trading and related services.

Social trading remains popular but has retreated from the popularity it hit 10 years ago. EToro is attempting to make changes to remain relevant, but the pricing environment remains uncompetitive. ZuluTrade’s acquisition by the Formax Group may point it in a different direction. The Chinese firm was most likely after technology and will make changes to the platform. The ultimate verdict on those potential changes is unclear but expected to contribute positively. For new traders, one advantage is the ease of use of the eToro platform, but established traders may yearn for more familiar options.

Trading conditions

EToro does not offer MetaTrader and only supports its proprietary trading platform. Since ZuluTrade enables social trading via MetaTrader, it presents a more comprehensive approach and opportunities for traders, which eToro cannot match. Although this company has only been around for two years, it has proven itself on the market. Traders from all over the world trust the platform and use the vast number of tools and features it offers. Not only that, but the company is suitable for both beginners and advanced traders due to the highly reliable market data it provides. After reviewing why eToro and ZuluTrade are two of the best forex copy trading platforms in 2020, it’s time to see which platform also deserves a top spot.

• If you want to use bank transfers to deposit or withdraw, you can use a wire transfer from your bank.
• However, apart from that, AvaSocial is a highly user-centric trading terminal with various benefits.
• This makes the platform an invaluable resource for those who want to try copy trading, as ZuluTrade has plenty of traders that users can copy.
• To become a signal provider on the Zulutrade platform, your trading time must reach at least two weeks.
• Once you become a Trader, you can use the tools on Demo or a Real account, and that’s how you will be able to make a profit.

By signing the RB form, you enable ZuluTrade to receive commissions from the broker or dealer you have an account. If you do not wish to sign the RB form with the existing account, the alternative is to open a new account with your broker by signing the same RB form for that new account. Funding and transfers are usually processed by the broker, and depend on the platform. The methods through which you can deposit and withdraw funds will also greatly depend on your location. Bonus offers are available for both newly registered and existing clients. Withdrawals and deposits are free and several famous methods are provided for clients to use, including Mastercard, Visa, and Bank transfers.

What is the minimum deposit?

Zulutrade offers a free demo that allows you to test all its functionalities. Through this demo, you can also learn to use the platform, see all its features, and view the different traders and strategies available without financial risk. This is a good way to truly familiarize yourself with the Zulutrade environment. To take advantage of the Zulutrade social trading service, you must register with a broker who supports the service.

Established in 2010, ThinkMarkets is a reputable and well-regulated ECN and STP broker based in Australia, UK, and Bermuda with respective authorization and regulation through ASIC and FCA. If you got this far in this ZuluTrade review and are questioning if it is the right fit for you, you’re in luck! There are many other viable options out there to help you gain an edge on the market. Limitations may vary depending on the broker used, so users should research their chosen broker carefully before trading.

The users need to have a real retail account with AvaTrade which allows the usage of the automated trading tools. However, the minimum deposit requirement is different from the standard MT4 trading account. AvaTrade copy trading minimum deposit applicable to DupliTrade platform is 2000 US dollars.

Profit-sharing accounts further align the interest of signal providers with traders. ZuluTrade monitors performances and provides rankings, which allows traders to make a more informed decision. Social charts are another popular service where traders can communicate via charts and exchange ideas.

Through this platform, you can communicate with fellow Traders and check why they have decided to buy/sell a certain asset. However, the company has come a long way through a lot of restructuring. The technical storage or access that is used exclusively for anonymous statistical purposes. ZuluGuard– Advanced account protection feature that monitors the performance of Traders 24/7. If you have a ZuluTrade account set up on one of your phones or tablets, you can use the app to log in.

All over, the drawdowns must be below 30%, and the profits must be at least 3 pips every trade. Once you have hit these targets, other traders who are trading through this platform can see you on the performance tab. Users can then choose the traders to follow and mimic their trading strategies. Zulutrade allows users to customize the trading parameters, such as the lot size, trading times, and the number of trades. With a minimum deposit of $300, you can start trading on any of the three account types that the brokerage firm offers.

Trade with a Regulated Broker

I believe it is thus imperative to ensure that you check and understand all of the latest information before you open a ZuluTrade social trading platform account. Having these statistics readily available to view and compare, helps make finding a suitable trading strategy to copy signals from as easy as possible. You must know that ZuluTrade does not recommend or make any implications about the future performance of any of the trading systems on their social trading platform.

Zulutrade is one of the few social trading platforms that is entirely regulated in the United States, Japan, and Europe. The platform is one of the safest and most trusted in the market. Apart from being one of the famous copy trading platforms, Zulutrade offers several other benefits to forex market enthusiasts and traders. We will outline these along with the few drawbacks that come with its service.

Assets You Can Trade With ZuluTrade Broker

FXCM London subsidiary offers clients the opportunity to trade world commodities through CFDs, such as gold, oil, stock indices, and more. As mentioned above, the brokerage is registered with multiple global regulatory bodies, including FCA, BaFIN, and SFC. Below, we will introduce to you three of our recommended brokers for the Zulutrade service.

The platform even offers excellent customer service, with support offered in 26 languages via live chat, email, the website itself, and by telephone. Individual traders who want to copy professional traders and advanced users on a purpose-made platform. However, if one considers themselves to be a successful trader, a person can sign up for a “Trader Account,” allowing others to copy their individual trades instead. It does work the same way …with virtual amount of money that you wish for eventually to invest.

The three brokers presented here are among the best for Zulutrade. Renowned and regulated broker with millions of clients in Europe and North Africa. This broker posts a detailed report of trade executions on its platform every month. The report also includes slippage statistics and execution quality across all types of orders.

AvaTrade Copy Trading Review – cutting edge platforms of the broker

We strongly advise using this feature, particularly if you are a beginner. You should also read their beginner’s guide to trading before using it to acquire a deeper understanding of the account. After reading the terms & conditions, submit the online registration form.

With forex broker reviews, you can view the performance of talented traders from 192 countries and follow their forex trading signals on your own trading account. You can combine the trader’s signals to create your own diversified trading portfolio which can help to optimize your overall trading performance. Overall, ZuluTrade is one of the industry leading social wealth management platforms alongside eToro and NAGA. They are regulated in the EU and Japan, and have users including talented traders from across the globe. ZuluTrade make a profit via commission that they get for referring you to brokers. Thus, the minimum deposit requirement, commission fees, spreads and leverage will all vary depending on the broker that you choose.

Accounts

In the area of regulation, there is no question that both of these social trading offerings has solid, reliable regulation. Again ZuluTrade may provide a signup bonus, depending on the broker you choose to join with and your location/jurisdiction. Such bonuses are not available to traders in the EU, the United Kingdom, and a few other countries for regulatory reasons. Depending on the deposit method, it can take anywhere from 10mins to 7 business days for a deposit. The company offers the fastest transactions 24/5 during working hours.

• FXCM is known among forex traders for useful selections of effective trading tools, such as the Zulutrade.
• The three brokers presented here are among the best for Zulutrade.
• Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
• ZuluTrade is a web-based platform that simultaneously audits global traders and allows the sharing of knowledge between the participants through an open environment.
• From there you will be prompted to open a Demo or a Real account; please select the Create a new Real account option.

I find ZuluTrade to be one of the most advanced and feature-rich social trading platforms that can be fully customised according to your individual requirements. The ZuluTrade platform contains many useful features including Automator, ZuluGuard, crypto trading and auto trading. However, I think eToro would be a better option in my opinion simply because they have a larger user base along with some other innovative features. We find it a very convenient platform for both professionals and beginners alike.

The broker provides its trading services on Metatrader 4, FXCM trading station for mobile and web, and Zulutrade. You can start trading with this broker with a minimum deposit of $50. Though, the broker may require a higher deposit to use Zulutrade’s copy trading function. FXCM offers a variety of powerful and flexible trading platforms through which a range of Forex and CFD financial instruments can be traded in addition to offering EU clients spread betting. EToro offers traders its proprietary trading platform, available as a webtrader or mobile platform. This multi-asset platform provides the majority of assets as CFDs, but this broker also buys and holds certain physical assets on behalf of clients.