Is It Worth Using The ZuluTrade Free Auto-Trade?

Zulu Trade provides no cost auto-trading with large variety of signal providers. Should you get their offer? Read these merits and demerits first before making your decision!

ZuluTrade is an innovative Forex broker that offers auto-trading platform for their registered traders. The free auto-trade platform provided by ZuluTrade can be used for lifetime as you let them execute transactions on your behalf 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 currently headquartered in Athens, Greece and has other branch offices in Hong Kong, New York, and Shanghai. Currently it has more than 15,000 trading clients registered with its online trading network and is executing trades in approximately 183. The use of ZuluTrade is free and very simple.

Advantages Of Using ZuluTrade Auto-Trade

1.Automated Forex Trading

ZuluTrade is developed to effectively combine online Forex trading with other social aspects that allows the trader to easily trade trades and success rates. Their auto-trade is developed to allow Forex traders to automatically mimic trades so as to take advantage of different expert strategies used by more 60 Forex brokers worldwide. ZuluTrade allows the auto-trader to choose the desire signal providers and 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. There is a page for auto-traders to formulate and compile their desired portfolio. The auto-trader is allowed to add multiple signal providers to the Forex account. You can also configure many aspects on the user interface including portfolio and various other parameters from the signal providers selected. These configurations include the ability to set risk limits, stop loss targets, and using different multipliers.

3.Risk Management

Another benefit of ZuluTrade free auto-trade is that they offer useful functions for money management and risk control. ZuluTrade has developed a tool known as "Margin-Call-o-Meter" to protect their registered clients from margin call effects. This is a very important tool that you should not neglect. Clients who avoid this tool taking up much leverage ends up making losses. Such auto-traders at the end make huge losses.

4. ZuluTrade Broker Integrates With AAAFX

The integration between ZuluTrade and AAAFX broker offers several advantages to auto-traders. First, auto-traders enjoy lowest slippage offered by AAAFX unlike other signal providers. Considerably, AAAFX are always amongst the top 3 Forex brokers that provides the lowest possible 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. The ZuluTrade will actually execute all the transactions on behalf of the trader free of charge. They offer this service to trader who matches the signal provider's activity irrespective of the brokerage which holds the trader's account. Besides, there is neither third party transfer nor minimum capital investment to do this. The trader's funds are all held by his brokerage account.

Disadvantages 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. ZuluTrade is developed to help the trader ride on experts' skills. 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 relies on several signal providers some of which are inactive. The worst part is that ZuluTrade has no method in place to filter out obsolete and signal providers which have been abandoned. They just litter the site serving no purpose. Even very reliable signal providers get crashed due to high-risk strategies therefore should be filtered out once inactive.

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

Despite these few demerits, ZuluTrade still remains the best that you can use to execute your trades even when asleep. I would say no broker is perfect and everyone has their own weaknesses. ZuluTrade is best for providing several different outstanding trading opportunities. You can make loads of cash using ZuluTrade without your presence by careful selecting good signal providers and putting due diligence to practice.

Utilizing ZuluTrade may be beneficial if utilized correctly together with the right broker. See the specifics of the most effective brokers that registered in ZuluTrade at a review of AAAFX. If you rather having EA for your auto-trading means, I'd advise you look at suggested ones at best forex EA.