Losses can exceed deposits

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Zulutrade Review

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Pros

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

Cons

To open a live account, you’ll need a minimum deposit of at least $Varies. Alternatively, Zulutrade offers 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 has 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.

Visit Zulutrade

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

Zulutrade screenshot Open a demo account

Losses can exceed deposits

What are Zulutrade's spreads & fees?

Like most brokers, Zulutrade takes 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 spreads listed on Zulutrade’s website. The colour bars show how competitive Zulutrade' spreads are in comparison to other popular brokers featured on BrokerNotes.

Zulutrade
EUR/USD (Average: 0.7 pips) Not offered 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, Zulutrade’s minimum spread for trading EUR/USD is N/A pips - which is relatively high compared to average EUR/USD spread of 0.70 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 XTB & AvaTrade .

Zulutrade XTB AvaTrade
Spread from: $ 0.00 $ 2.00 $ 7.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 0.00 $ 2.00 $ 7.00
$2 more $7 more
Visit Zulutrade Visit XTB Visit AvaTrade

All fees/prices are for informational purposes and are subject to change.

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?

Zulutrade offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by Zulutrade below, along with the instruments offered by XTB and AvaTrade for comparison.

FX / Currencies Zulutrade XTB AvaTrade
# of forex pairs offered 48 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Zulutrade XTB AvaTrade
# of commodities offered 21 16
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Zulutrade XTB AvaTrade
# of Stocks offered 1606 99
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Zulutrade's InstrumentsSee XTB's InstrumentsSee 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 browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here

Zulutrade Screenshot

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 has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

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, Arabic, and Korean.

Zulutrade has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

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 www.zulutrade.co.uk on 01/11/2019.