Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Zulutrade
0 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ZULUTRADE
AAAFX
0 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AAAFX
eToro
8.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ETORO
About

Zulutrade is regulated by MiFID and have provided copy trading services since 2007.

AAAFX is regulated by MiFID. AAAFX have provided Fore and CFD trading services since 2008.

eToro is regulated by CySEC. eToro have provided Forex trading services since 2006. 66% of retail CFD accounts lose money

Why choose them?
  • Yes Over 11 years in business
  • Yes
  • Yes
  • Yes Over 10 years in business
  • Yes
  • Yes
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC, ASIC
Headquarters United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005 Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545 Limassol, Cyprus

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No No
Social Trading Yes Yes Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 47
Commodities Offered 6
Stocks Offered 957
Bitcoin No No Yes
Majors Yes Yes Yes
Indices No Yes Yes
US Stocks No Yes Yes
Penny stocks No No No
Energies No Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes No
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes Yes Yes
IPO Yes Yes No
See all instruments

Losses can exceed deposits

See all instruments

Losses can exceed deposits

See all instruments

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes No
MT5 No No No
MT4 Mac No No No
WebTrader No Yes No
Mirror Trader No No No
ZuluTrade Yes Yes No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms No No CopyTrader

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No No
Available Languages

English, French, Spanish, German, Polish, Dutch, Italian, Russian, Romanian, Turkish, Japanease, Arabic, and Korean

English, French, German, Arabic, Chinese, Russian, Spanish, Greek, Hebrew, Italian, and Korean

English, German, Spanish, French, and Italian

See platform & features

Losses can exceed deposits

See platform & features

Losses can exceed deposits

See platform & features

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Zulutrade and AAAFX

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No Yes Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No Yes Yes
Zero spread account No No No
VIP account No Yes Yes
Fixed spreads Yes No Yes
Variable spreads Yes Yes No
See account options

Losses can exceed deposits

See account options

Losses can exceed deposits

See account options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

TRADING CONDITIONS

Scalping Yes Yes No
Hedging Yes Yes No
Expert advisors (EAs) Yes Yes No
Virtual private server No No No
Direct market access No Yes No
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade Varies None $25
Max trade Varies None 20% of equity
Min deposit Varies $300 $200

RISK MANAGEMENT

Stop losses No No Yes
Limit orders Yes Yes Yes
One-click trading Yes No Yes
Trailing stops No No Yes
Price alerts Yes No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes No Yes
Neteller No Yes Yes
Skrill No No Yes
Payment processing time Varies 1 business day Varies
Withdrawal processing time 2 business days 1 business day Varies
See all funding options

Losses can exceed deposits

See all funding options

Losses can exceed deposits

See all funding options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

DETAILED INFO

Excluded countries IR, KP, BE, CA, JP, SY, TR, IL
Contact email Send Email Send Email Send Email
Phone number 1-917-6282237 (+30) 213-0176-380 44-866-350-0881
Live Chat Yes Yes Yes
Website www.zulutrade.co.uk https://www.aaafx.com/ www.etoro.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered Not offered 3.0 pips
GBP/USD (Average: 1.1 pips) Not offered Not offered 4.0 pips
USD/JPY (Average: 1.1 pips) Not offered Not offered 2.0 pips
AUD/USD (Average: 0.8 pips) Not offered Not offered 1.0 pips
USD/CHF (Average: 2.3 pips) Not offered Not offered 3.0 pips
USD/CAD (Average: 2.9 pips) Not offered Not offered 3.0 pips
NZD/USD (Average: 3.6 pips) Not offered Not offered 5.0 pips
EUR/GBP (Average: 2.4 pips) Not offered Not offered 4.0 pips
View all spreads

Losses can exceed deposits

View all spreads

Losses can exceed deposits

View all spreads

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FEES

Inactivity Fee Yes No Yes
Commission Varies Yes No
Deposit Fee Varies Yes No
Withdrawal Fee Varies Varies Yes
View All Fees

Losses can exceed deposits

View All Fees

Losses can exceed deposits

View All Fees

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Last update

All information collected from www.zulutrade.co.uk. Last updated on 01/10/2019.

All information collected from https://www.aaafx.com/. Last updated on 01/10/2019.

All information collected from www.etoro.com. Last updated on 01/10/2019.

Company

ZuluTrade was founded in 2007 to fill the gap in services offered for individual traders, who want to keep in total control of their funds despite busy schedules which prevented them from following the changing markets every minute of the day.

ZuluTrade provides a web-based platform that audits traders globally and allows traders to share their experiences and strategies with interested individuals. The platform converts the advice and strategies from successful traders into a service which can rapidly execute trades by providing the link between the information in the markets and trade execution.

The underlying principle of ZuluTrade is to facilitate an open environment where traders can connect to any trading platform and share their insights and earn a commision when others use their advice to a live trade.

ZuluTrade is well suited for individual traders who want to trade but do not have the time to study or monitor the market by allowing you to easily find the best signal providers who are doing the this for you and easily convert their advice into live trades.

For more information about trading with Zulutrade, we have put together an indepth Zulutrade review with all the pros and cons about this broker.

AAAFX is an online forex trading service provider. They are regulated by MiFID. To open an account with AAAFX, minimum deposits start from $300 for trading activities.

With AAAFX you can trade Forex, indices, commodities and CFD. If you like to trade on the go, AAAFX have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

AAAFX offer ZuluTrade and the MetaTrader 4 platforms to make your trades and support 15 different languages.

You can see all of AAAFX's spreads here.

Founded in 2006 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of this year, eToro boasts more than six million members worldwide.

For more information about trading with eToro, we have put together an indepth eToro review with all the pros and cons about this broker.

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Zulutrade or AAAFX?

Offers Paypal or access to MT4?

If you’re a trader looking for a broker that offers paypal as a funding method, Zulutrade may be the better option. However, if you want a broker that offers MetaTrader4 as a trading platform, AAAFX may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Zulutrade to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Zulutrade is regulated by , while AAAFX is regulated by HCMC.

eToro are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Zulutrade has been around for 12 years, while AAAFX have been around for 11 years. Our third alternative broker, eToro, have been around for 13 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Zulutrade does not use tier one banks as their banking partner. AAAFX uses tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Zulutrade and AAAFX are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Zulutrade are based in United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005, while AAAFX are based in Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545 .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Zulutrade and AAAFX offer forex trading. Also, if you’re looking to trade cryptocurrencies,

neither Zulutrade nor Zulutrade offer commodity trading.

Zulutrade and AAAFX both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.

Platforms & Account Types

Zulutrade also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AAAFX, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Zulutrade does allow scalping and hedging. While AAAFX also allows scalping and hedging. You can trade with EAs (expert advisors) on both Zulutrade and AAAFX.

In terms of risk management tools, neither Zulutrade or AAAFX offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Zulutrade accept Paypal while AAAFX accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Zulutrade and AAAFX both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Zulutrade or AAAFX?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Zulutrade is more reliable based on our criteria above. AAAFX has a wider range of instruments to trade. AAAFX offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.