<\/span><\/h4>\nBy the time 2014 rolled around, ZuluTrade had re-designed their website. They added a number of features, such as ZuluGuard, and had 120 employees, 40 of whom were in customer support. <\/span><\/p>\nIn May of that year, the company announced a partnership with SpotOption, to create a social trading platform for binary options.<\/span><\/p>\n2015 brought with it a success as the platform was awarded an EU Portfolio Management License from the European Union. The resulted in the company becoming both legitimate and respected in the trading world.<\/span><\/p>\n<\/span>Platform\u00a0<\/strong><\/span><\/h4>\nLeon Yohai had the vision to create a web-based platform that could connect traders, enabling them to share their strategies while at the same time auditing traders globally. <\/span><\/p>\nTherefore, ZuluTrade is not your traditional trading brokerage as it is primarily a platform enabling traders to collaborate and copy one another. <\/span><\/p>\n\u00a0Essentially, it allows traders to copy the trades of experienced traders in the forex and financial markets to achieve a level of automated trading. <\/span><\/p>\nHowever, the social element also enables traders to leave feedback and share ideas. Today it boasts around one million users and executes a trading volume in excess of $800 billion.<\/span><\/p>\nWith the popularity and publicity around ZuluTrade and social trading at the moment, we\u2019ve seen the question on whether ZuluTrade is a scam or whether it\u2019s \u201creal\u201d raised a few times. Based on vast amounts of experience with other social trading networks and Forex trading in general, we thought it might be useful to share our point on view the \u2018scam or not\u2019 debate.<\/strong><\/p><\/blockquote>\n<\/span>The regulation<\/strong><\/span><\/h4>\nThe ZuluTrade platform is regulated in two regulatory jurisdictions; Greece\u2019s Hellenic Capital Market Commission (HCMC) and Japan’s Financial Services Agency (FSA). <\/span><\/p>\nAs well, they have obtained a Portfolio Management License from the European Union and are partnered with over 50 online trading brokerages, many of which are regulated from regulatory agencies from around the world. <\/span><\/p>\nIn addition to being a highly regulated investment service, ZuluTrade has also won various awards for their proficiency in online copy trading services and customer service. <\/span><\/p>\nToday the company continues to innovate and strives. It wants to reach its goal of becoming the world\u2019s largest financial community. They to provide customer-focused investment solutions and the largest social trading community in the world.\u00a0<\/span><\/p>\n<\/span>Minimum Initial Deposit<\/b><\/span><\/h4>\nZuluTrade has a relatively low minimum deposit requirement. Certain brokers available with ZuluTrade require a minimum deposit of just $1, others may require more.<\/span><\/p>\nYou can sign up for their demo simulation account for free.<\/span><\/p>\n<\/span>Spreads and Commissions<\/b><\/span><\/h4>\nThe spread will vary between brokers. The currency pair and time of the day can also influence the spread. For instance, brokers often widen spreads during periods of high volatility.<\/span><\/p>\nA commission is charged per trade by the brokers, in addition to the normal spread, for linking your account to ZuluTrade. This can be as low as 0 with ZuluTrade\u2019s own broker, AAAFx, and up to three pips elsewhere.<\/span><\/p>\n<\/span>Leverage<\/b><\/span><\/h4>\nMost people are aware that leverage can be used to increase potential earnings. <\/span><\/p>\nBut before you download an account, you should also note trading on leverage can amplify losses and open you up to margin calls.<\/span><\/p>\nHowever, the higher the leverage, such as 1:1000, the lower the used margin. This means an increase in the free margin and margin level. However, this can lead to overtrading and with a high drawdown, your account may strike a stop out level.<\/span><\/p>\nIt\u2019s recommended to use 1:100 leverage in order to avoid risk.<\/span><\/p>\n<\/span>Other trading fees<\/b><\/span><\/h4>\nYou can be charged an overnight rollover\/swap fee. The amount will depend on the currency pair you are trading. While these costs can cut into profits over a considerable time period, intraday traders shouldn\u2019t encounter these fees.<\/span><\/p>\nBesides that, we didn’t find any other additional costs. ZuluTrade explained on their website that the traders you copy are paid directly by ZuluTrade. As part of the commission.<\/span><\/p>\nAlso, when you visit their website, you may find deposits bonuses and promotions.<\/span><\/p>\nFrom the point of investors, we found ZuluTrade is very transparent about all the data they share with investors.<\/span><\/p>\n<\/span>We found they share:<\/b><\/span><\/h4>\nEvery single trade with time and date stamp a trader has done in the past. Most other networks only supply a sub-set.<\/span><\/p>\nOnly ZuluTrade currently provides information on how many actual investors (followers) have made per trader and in total.<\/span><\/p>\n<\/span>Only ZuluTrade shares average historical spread per broker and per trader.<\/strong><\/span><\/h4>\n![\"Is](\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/is-zulutrade-scam-3-e1537442482106.jpg\")
<\/p>\n
The other networks remove traders from their listings because they blew their accounts. <\/span><\/p>\n<\/span>Only ZuluTrade gives us their full profiles and trade data<\/strong><\/span><\/h4>\nAs far as we know, ZuluTrade is the only network trying to identify and show when the trader sends signals from multiple accounts. They all are linked and displayed, so it is easy to detect traders who tried multiple failing systems in the past. <\/span><\/p>\nZuluTrade provides you with all the data to recalculate any of the statistics they provide in the trader profile screens. In addition, they\u2019re not hiding accounts from traders who lost money or remove negative feedback from followers. <\/span><\/p>\nIn our experience, there\u2019s no other major social trading network as transparent as ZuluTrade in terms of the data and information they share with their customers. <\/span><\/p>\n
![\"Is](\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/is-zulutrade-scam-e1537441783849.jpg\")