Zulutrade Review 2020

Zulutrade Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
Zulutrade Screenshot

Zulutrade Guide

Zulutrade are an online broker founded in 2007 offering Forex trading, CFDs trading, and Social Trading trading.

Zulutrade are a global broker and have a head office in Greece.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Zulutrade we break down the pros and cons. What Zulutrade are able to offer, what countries Zulutrade are available in. Who Zulutrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Zulutrade

Open Zulutrade's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to Zulutrade

With this review we hope to help you see if Zulutrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Zulutrade that will help you get off to a good start in the world of online trading.

Zulutrade Review Table of Contents

Zulutrade what you should know

Zulutrade offer three ways to trade: Forex, CFDs, Social Trading.

With Zulutrade you will need a minimum deposit of $300. You can sign up for a demo account to acquaint yourself with Zulutrade platform.

Zulutrade are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Zulutrade safe?

When choosing a broker like Zulutrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2007, and in operation for 13 years Zulutrade have a head office in Greece.

Zulutrade is regulated. This means Zulutrade are supervised by and is checked for conduct by the Hellenic Capital Market Commission (HCMC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Zulutrade, this will be honored. If Zulutrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to Zulutrade accounts by traders are held in a segregated bank account.

For added security Zulutrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Zulutrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Zulutrade

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker Zulutrade eToro IC Markets FP Markets
Year Established 2007 2006 2007 2005
Head Office Greece Cyprus, UK Australia Australia
Regulation Hellenic Capital Market Commission (HCMC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 60,000+ 10,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Zulutrade Visit eToro Visit IC Markets Visit FP Markets
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits

Zulutrade Pros and Cons

What we like about Zulutrade

  • Used by over 10,000 traders
  • Established in 2007
  • Regulated by Hellenic Capital Market Commission (HCMC)
  • Min. deposit from $300

What we don't like about Zulutrade

Zulutrade Financial Regulation and Supervision in more detail

We have checked and Zulutrade is regulated and supervised by reputable organisations. You are able to check every Zulutrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Zulutrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Zulutrade traders and provide a safe trading environment.

Zulutrade is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Zulutrade you should be sure they're legitimate online agent.

Zulutrade General Fees

  • Zulutrade withdrawal fees varies on payment method
  • Zulutrade does charge inactivity fees
  • Zulutrade does charge deposit fees
Broker Zulutrade eToro IC Markets FP Markets
Min Deposit 300 200 200 100
Withdrawal Fees Varies Yes No No
Inactivity Fees Yes Yes No No
Deposit Fees Varies No Varies Yes
CFD Commission Fees Varies No Yes Yes

Zulutrade Commissions

  • Zulutrade does charge commission on CFD instruments.

What can you trade with Zulutrade?

Be aware that Different entities under Zulutrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Zulutrade over 100 instruments infact.

If you are looking at trading currency pairs Zulutrade offer over 15 currency pairs.

Compare Zulutrade with eToro and IC Markets below.

Losses can exceed deposits

Broker Zulutrade eToro IC Markets FP Markets
Instruments Available 100 100 232 100
Platforms ZuluTrade, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
FX / Currencies Visit Zulutrade Visit eToro Visit IC Markets Visit FP Markets
Forex pairs offered 15 50 65 60
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Zulutrade Visit eToro Visit IC Markets Visit FP Markets
Commodities Offered 0 0 19 18
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit Zulutrade Visit eToro Visit IC Markets Visit FP Markets
Stocks Offered 957 100 10000
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes

Trading on Zulutrade web platforms and other applications

Zulutrade offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

Zulutrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Zulutrade's platforms

Zulutrade Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit

Zulutrade Trading Accounts Offered :

  • Demo account
  • Standard account

Can I try Zulutrade before I buy?

Zulutrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Zulutrade withdrawal and funding methods.

Please note that the list of payment methods below depend on the Zulutrade Entity and the Clients Country of Residence.

Zulutrade offer the below funding payment methods. learn more about Zulutrade

  • Credit cards
  • Bank Transfer
  • PayPal
Broker Zulutrade eToro IC Markets FP Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes No
Neteller No Yes Yes Yes

How can I start trading with Zulutrade?

When opening a trading account with Zulutrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Zulutrade trading platforms here.

Performing trades with Zulutrade

With Zulutrade, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, Zulutrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Zulutrade Leverage and Zulutrade CFDs Explained

let's take a look at some of the basics of using Zulutrade leverage.

Zulutrade offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Zulutrade leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Zulutrade trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Zulutrade leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Zulutrade CFDs are typically used for short to medium term trades. For example Zulutrade intraday trading.

Education resources at Zulutrade

To trade effectively with Zulutrade, it's important to get a have a good understanding of the Zulutrade trading tools and the markets.

Zulutrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Zulutrade.

Take time to look around the Zulutrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Zulutrade

Zulutrade support a wide range of languages including English, French, Spanish, German, Polish, Dutch, Italian, Russian, Romanian, Turkish, Japanease, Arab, Korean

Zulutrade have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

Zulutrade customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at Zulutrade

We tested the Zulutrade live chat and it works well. We sent messages to Zulutrade livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with Zulutrade support in multiple languages in multiple countries. Zulutrade where able to quickly resolve our customer issues.

Email Support at Zulutrade

We sent several emails to Zulutrade and answer times overall were excellent. The fastest response from Zulutrade was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with Zulutrade, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Zulutrade.

Phone Support at Zulutrade

We called Zulutrade and the call was answered very quickly. The call was answered in less than 1 minutes.

The Zulutrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Zulutrade team by calling in varying languages. Zulutrade made an effort to make sure our queries were answered.

Overall great phone support from Zulutrade.

See how Zulutrade Support Compares Against Other Brokers

Broker Zulutrade eToro IC Markets FP Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, French, Spanish, German, Polish, Dutch, Italian, Russian, Romanian, Turkish, Japanease, Arab, Korean English, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese
Learn More Visit Zulutrade Visit eToro Visit IC Markets Visit FP Markets
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits

What you will need to open an account with Zulutrade

As Zulutrade is regulated by Hellenic Capital Market Commission (HCMC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Zulutrade Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Zulutrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Zulutrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.zulutrade.co.uk/ on 12th August 2018.

Is Zulutrade A Good Broker?

We spent over 3 months examining Zulutrade in depth. Although we found some very useful aspects of the Zulutrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Zulutrade broker.

  • Zulutrade have a good track record of offering Forex, CFDs, Social Trading.
  • Zulutrade has a history of over 13 years.
  • Zulutrade has a reasonable sized customer support of at least 10.
  • Zulutrade are regulated by Hellenic Capital Market Commission (HCMC). This means Zulutrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Zulutrade have regulation from a Tier 1 reputable country.
  • Zulutrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Zulutrade have an international presence in multiple countries. This includes local Zulutrade seminars and training.
  • Zulutrade are able to hire people from various locations in the world who can better communicate in your local language.

Zulutrade Risk Disclaimer

Losses can exceed deposits

Zulutrade not quite right?

Check out these Zulutrade Alternatives

We have spent years researching the best alternatives to Zulutrade. Click the links below to learn more.

If you feel some of the above Zulutrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Zulutrade alternatives below.

Related Zulutrade Comparisons

If you would like to see how Zulutrade stands up against other brokers you can read some of our Zulutrade comparisons below. We compare side by side some of our top rated Zulutrade versus comparisons. Read some indepth Zulutrade VS pages below.

ZULUTRADE Frequently Asked Questions

Can I try Zulutrade before I buy?

Zulutrade offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Zulutrade accept?

Please note that the list of payment methods below depend on the Zulutrade Entity and the Clients Country of Residence.

Zulutrade offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Zulutrade safe?

Zulutrade are considered safe as they are regulated by and checked for conduct by the Hellenic Capital Market Commission (HCMC). Any payments funded to Zulutrade accounts by traders are held in a segregated bank account. For added security Zulutrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Zulutrade trading good?

Zulutrade is considered good and reputable to trade with. ZulutradeZulutrade is used by over Zulutrade active traders. Zulutrade offers Forex trading, CFDs trading, and Social Trading trading. Minimum deposit with Zulutrade is 300.

Is Zulutrade trading Legit?

Zulutrade was founded in Greece in 2007. Zulutrade has been facilitating trade on the financial markets for over 13 years. Zulutrade offers clients Forex trading, CFDs trading, and Social Trading trading. All funds deposited to Zulutrade are held in segregated tier 1 bank accounts for security. Zulutrade is regulated by Hellenic Capital Market Commission (HCMC) so can be considered legit.

Is Zulutrade a good broker?

Zulutrade is overseen by the top tier financial regulators Hellenic Capital Market Commission (HCMC) so can be considered a good broker. Zulutrade allows Forex trading, CFDs trading, and Social Trading trading.

Is Zulutrade trustworthy broker?

Zulutrade can be considered trustworthy. All money funded to Zulutrade is placed into a segregated tier 1 bank account. this means your money in not held by Zulutrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Zulutrade is regulated by Hellenic Capital Market Commission (HCMC).

What is the minimum deposit for Zulutrade?

The minimum deposit to trade with Zulutrade is 300.

How long do Zulutrade withdrawals take?

Withdrawing money from Zulutrade processing time varies but averages 2-5 days.

Is Zulutrade regulated?

Zulutrade is regulated by Hellenic Capital Market Commission (HCMC).

Is Zulutrade a market maker?

Zulutrade is a market maker. Stocks, currency and other commodities and instruments will be purchased by Zulutrade even if no buyer is lined up.

How can I start trading with Zulutrade?

When opening a trading account with Zulutrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Zulutrade trading platforms here.

Is my money safe with Zulutrade?

Zulutrade is regulated by Hellenic Capital Market Commission (HCMC). One of the most important criteria for traders when choosing a broker like Zulutrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Zulutrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Zulutrade a con?

Zulutrade is regulated and well established having been in business for over 13 years. Zulutrade is definitely not a con.

Can you make money with Zulutrade?

Although traders have had great success with Zulutrade. Trading on the financial markets with Zulutrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Zulutrade have fees?

Zulutrade withdrawal fees varies on payment method. Zulutrade does charge inactivity fees. Zulutrade does charge deposit fees.

When was Zulutrade founded?

Zulutrade was founded in 2007.

How many people use Zulutrade?

Zulutrade is used by over 10000 registered traders.

What is Zulutrade Headquarters country?

Zulutrade has its head quarters office in Greece.

Does Zulutrade offer negative balance protection?

Zulutrade does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Zulutrade offer guaranteed stop loss?

Zulutrade does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Zulutrade allow scalping?

Zulutrade offers scalping.

Does Zulutrade allow hedging?

Zulutrade offers hedging.

Does Zulutrade offer CFD trading?

Zulutrade offers CFD trading.

Does Zulutrade offer STP?

Zulutrade does not offer STP trading.

How many people use Zulutrade?

Zulutrade is used by over 10000 traders.

Is Zulutrade an ECN broker?

Zulutrade does not offer ECN trading.

Does Zulutrade offer a demo account?

Zulutrade offers a demo account.

Does Zulutrade offer an Islamic account?

Zulutrade does not offer Islamic accounts.

What are the funding methods for Zulutrade?

Zulutrade accept the following funding methods : Credit cards, PayPal, Bank Transfer.

Zulutrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Zulutrade brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Zulutrade review written by Mark Hansen of Comparebrokers.co