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Zulutrade Review

  • Regulated by:
  • Safety: segregates client funds
  • Trust Rating: D
Open Zulutrade's Website

Losses can exceed deposits. Your capital is at risk.

Zulutrade three ways: Forex, CFDs, Social Trading.

To open a live account, you’ll need a minimum deposit of at least $Varies. Alternatively, Zulutrade offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by . Zulutrade puts all client funds in a segregated bank account and uses tier-1 banks for this. Zulutrade have been established since 2007, and have a head office in .

Before we dive into some of the more detailed aspects of Zulutrade’s spreads, fees, platforms and trading features, you may want to open Zulutrade‘s website in a new tab by clicking the button below in order to see the latest information directly from Zulutrade.

Open a demo account Visit Zulutrade

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

Zulutrade screenshot

PROS

  • Segeregates client funds
  • Established in 2007
  • Regulated by
  • Min. deposit from $Varies

CONS

What are Zulutrade's spreads & fees?

Like most brokers, Zulutrade take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum fixed spreads listed on Zulutrade’s website. The colour bars show how competitive Zulutrade’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Zulutrade variable spread is not available. If you believe this is incorrect please fill in our form

As you can see, Zulutrade's minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Zulutrade vs. similar brokers.

See all Spreads

How much does Zulutrade charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Zulutrade at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.

Zulutrade Plus500 AvaTrade
Spread from: $0.00 $6.00 $7.00
Typical overnight fee: $0.00 $9.40 $5.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $0 $15.4 $12
$15.40 more $12.00 more
Visit Zulutrade Visit Plus500 Visit AvaTrade

All fees/prices are for informational purposes and are subject to change. Last updated: March 21, 2018.

General Fees

  • Zulutrade does charge inactivity fees
  • Zulutrade withdrawal fees varies on payment method

Commissions

  • Zulutrade does charge commission on CFD shares

What can you trade with Zulutrade?

FX / Currencies Zulutrade Plus500 AvaTrade
# of forex pairs offered 61 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Zulutrade Plus500 AvaTrade
# of commodities offered 17 16
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Zulutrade Plus500 AvaTrade
# of Stocks offered 1816 99
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Zulutrade's Instruments See Plus500's Instruments See AvaTrade's Instruments

What’s the Zulutrade trading experience like?

1) Platforms and apps

Zulutrade offer a user-friendly custom trading platform, available as both a downloadable program or as a broswer based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here

Zulutrade Screenshot See Zulutrade's Platforms

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

See Zulutrade's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Low min deposit

Accounts offered:

  • Demo account
  • Standard account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

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 trader, accounts and instruments, but as a guide, Zulutrade offer margin up to Varies on currencies.

Finally, we’ve listed some of the popular funding methods that Zulutrade offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal

3) Client support

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

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

4) What you’ll need to open an account with Zulutrade

As Zulutrade is regulated by , 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:

  • 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 10 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 March 21, 2018.