ZuluTrade – Social Trading Network
ZuluTrade was founded in 2007 by Leon Yohai, and created in response to the non-existence of a web-based platform that could audit traders globally and at the same time; enable traders to share their knowledge with people interested in their strategies.
ZuluTrade is a free service for automated copying the traders’ deals. More than 150 thousand investors are using the service all over the world. Thanks to ZuluTrade, Forex trading is absolutely automatized! The advantage of such systems for copying deals is that an investor takes all profit in contrast with PAMM accounts, where a considerable proportion is allocated to an administrator. A portfolio from ZuluTrade can become a part of your total investment portfolio.
Your main task is the choice of a trader from the rating of signal providers. Later, all deals will be made automatically; you just need to follow changes of your account balance. Today there are about 9000 Forex traders from all over the world in the system. A wide range of traders-providers offers big opportunities for those who want to earn. You can open a lot of accounts and choose different suppliers at once, thus creating a diversified portfolio.
In the platform’s interface, an investor has an opportunity to move the risk/profitability cursor by the scale from 1 to 100, getting the preferable scores.
1st risk. Minimum: 60% annually, a maximum drawdown (risk) ‒ ~10%.
2nd risk. Moderate: 300% annually, a maximum drawdown (risk) ‒ ~30%.
3rd risk. Maximum: 2000% annually, a maximum drawdown (risk) ‒ ~80-90%.
ZuluTrade doesn’t take part in Forex trading, though it provides trading signals. You should open an account by turning to brokers who cooperate with ZuluTrade. Most companies of this kind take leading positions in currency trading. They have the long years of working experience, while their activity is controlled by different financial services. The choice of dealing centers in Forex system is great; you can choose a broker from more than thirty variants.
Thanks to a comfortable control over a commercial account, you always will be aware of conducted operations. For this, ZuluTrade has foreseen lots of convenient tools, including an application for iOS. In history, it’s possible to follow up the income curve by operations conducted and a single provider as well.