Saturday, 26 January 2013

What is Zulutrade?

An automated trading platform that allows investors to link their forex accounts to the performance of professional traders.


Traders List
Since 2007 Zulutrade allows followers to follow traders and their trades. 

The mechanism is quite simple and very well built from a technical point of view.

To start you need to open a new account or just link your forex account to Zulutrade. Then you can look through the traders list and select the best traders in terms of profits and safety. Once you have selected your traders you can sit on your sofa and wait that your traders start to open and close operation for you.

In particular it is important to manage settings, number of lots invested, and monitor traders and performance.

Leon Yohai - ZT Founder
In fact "mirror trading", as automated trading is often referred, still implies risk management, control and dynamic adjustment of settings and selected traders.

Traders are remunerated on the basis of the numbers of followers they have and operations they open and close. Zulutrade is remunerated by pips that are charged on single operations.

Zulutrade is based in Greece, where its founder Leon Yohai is from and has office in US.

The company has a strong partnership with most forex brokers, including Forex.com, FXCM, AVATrade,  Alpari and new brokers are introduced regularly.

In addition Zulutrade has its own Forex broker, Triple A FX, that allows operations with low slippage and with zero commission (slippage occurs when the trade results of a live follower are less that the trade results of a signal provider).

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