My opinion on Zulutrade
Zulutrade is the most advanced platform to trade automatically on Forex Market
It was founded in 2007 and in 7 years of life it has developed constantly in terms of reliability and features offered. Now it still simple and easy to use, but it is definitely more complete and reliable than at the beginning.
It offers:
- wide choice of providers;
- demo account to test the system and the providers;
- straight forward and easy registration;
- low capital limit to start trading;
- wide choice of forex brokers to trade live;
- live technical assistance;
- forum to share doubts and opinions;
- apps to trade from mobile devices.
In terms of providers, the offer is very wide and you can sort and filter all providers in terms of various factor in order to find the best for you.
PROVIDERS
In my opinion providers selection is the weakest point of the platform simply because Zulutrade admits everyone as trader and then the selection is based on the results. It happens that lucky providers reach high ranking, attract several followers and then crash instantaneously.
Here experience can make the difference, but sometimes also experienced users could be misled.
I think that ZT should invest in attracting pro - trader with certificated reliability, giving them the possibility to share their bio and past experience and giving them more visibility and higher ranking.
PLATFORM
Another weak point is the illusion that automated trading can be easy and does not require strict rules. Too many accounts are burnt because of poor risk management settings.
Zulutrade can still improve in this, especially in communication. New followers often risk too much and then loose money and leave the platform.
I think that ZT should invest in educational videos and in simple guides to improve results.
I think that ZT should invest in educational videos and in simple guides to improve results.
No comments:
Post a Comment