Auto-Trading Using Zulu Trade - The Merits and Demerits You Must Know

By Matthew John


ZuluTrade is developed to allow automatic execution of Forex trades signals. Its trade robot handles the execution of various trade signals that are offered by different Forex signal providers in the market. ZuluTrade was founded in 2007 and has significantly grown with operations in different parts of the world. It is currently headquartered in Athens, Greece and has other branch offices in Hong Kong, New York, and Shanghai. Currently it has more than 15,000 trading clients registered with its online trading network and is executing trades in approximately 183. Using ZuluTrade auto-trade is simple and free.


Merits Of Using ZuluTrade Auto-Trade

1. Automated Forex Trading

ZuluTrade is developed to effectively combine online Forex trading with other social aspects that allows the trader to easily trade trades and success rates. The auto-trade also allows the online currency trader to automatically mimic preferred trades so that they easily take advantage of other experts' strategies from 60 Forex brokers worldwide. The auto-trader has a chance to choose by himself which signal providers or experts to follow. ZuluTrade auto-executes transactions for free once the trader has selected the provider signal.


2. User Interface

ZuluTrade provide the best trading interface. They provide a page where their registered auto-traders can formulate and compile their portfolio. The auto-trader can add multiple signal providers to auto-trade their Forex account. You can also configure many aspects on the user interface including portfolio and various other parameters from the signal providers selected. These including setting risk limits, different multipliers, stop loss targets etc.


3. Risk Management

Another benefit of ZuluTrade free auto-trade is that they offer useful functions for money management and risk control. ZuluTrade has developed a tool known as "Margin-Call-o-Meter" to protect their registered clients from margin call effects. This is a very important tool that you should not neglect. Clients who avoid this tool taking up much leverage ends up making losses. Such auto-traders end up making huge sums of money.


4. AAAFX - ZuluTrade Integrated Broker

ZuluTrade integrates with AAAFX that offers many advantages to Forex their auto-traders. First, AAAFX offers the lowest possible slippage amongst other signal providers. Always they are among the top 3 brokers offering lowest slippage. This allows you to closely mirror the performance of your trades. Less slippage also allows you to have more pips in your pocket which you can take advantage of any time.


5. Free Accounts Management

ZuluTrade offers free account management. The auto-trader is only required to select a signal provider. The ZuluTrade will actually execute all the transactions on behalf of the trader free of charge. They offer this service to trader who matches the signal provider's activity irrespective of the brokerage which holds the trader's account. In addition, ZuluTrade require no third-party wire transfers and no minimum capital investments. All funds are held by the trader's brokerage account.


Demerits Of Using ZuluTrade Auto-Trade

1. Riding On Someone Else's Trading Skills

Of course this is the greatest ZuluTrade strength which also turns out to be its greatest weakness. ZuluTrade is developed to help the trader ride on experts' skills. This is a big risk when you consider that anyone can become a signal provider. This can lead to poor quality trading system on the website making traders abandon many trading systems.

2. No System In Place To Filter Signal Providers

ZuluTrade relies on several signal providers some of which are inactive. Unfortunately, there is no method in place to filter out inactive and abandoned signal providers. They remain littering the site for nothing. Even some profitable signal providers do crash and burn due to high-risk strategy thus need to be removed from the website.

3. Inconsistent Opening And Closing Operations

Many ZuluTrade auto-trade clients complain of inconstant operations in opening and closing orders especially in America. This is due to the new regulation being enforced by NFA FIFO. The new regulation prevents the trader from closing the second open operation when the first one is still open.


Conclusion

Despite these few demerits, ZuluTrade still remains the best that you can use to execute your trades even when asleep. I would say no broker is perfect and everyone has their own weaknesses. There are plenty of outstanding trading opportunities that ZuluTrade provides. By being careful with signal provider selection and practicing due diligence, you can make loads of cash while asleep using ZuluTrade free auto-trade account.
Utilizing ZuluTrade could be beneficial if used correctly with the right broker. See the details of one of the best brokers that registered in ZuluTrade at AAAFx review. If you rather having EA as your auto-trading means, I'd suggest you check out the recommended ones at best forex robot.

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