What is ZuluTrade?
ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade instantly and automatically in your account (from supported brokers)
There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market to make a good pick, because hundreds of industry well-known experts from all over the world are doing it for you. All you have to do is pick the experts you like, and Zulutrade will convert their advice instantly to a live trade in your trading account directly with your broker. And the best of all, it's completely FREE!
Zulutrade receives rebates from the brokers, for the trades generated and splits them with the experts that provide the advice. Check the performance results recommended by our experts here
Who is placing the trades on my account? Do the experts know about my account?
None of the experts that recommend trades will ever know your account's existence. Zulutrade receives their recommendations, and checks the experts you have subscribed with in your account profile, and decides whether or not to autotrade their advice in your live account using a secure direct connection with the broker's backend. Zulutrade's patented engine places trades automatically with no human intervention. Zulutrade service is server based, in other words you don't even need to have your computer on.
How do I get started?
All you have to do is provide Zulutrade with the name and account number of the brokerage firm you're trading with. Sign and fax the documentation required by your broker, to authorize ZuluTrade to bridge the experts advice with your broker account.
If it is the first time that you will trade online or you never had an on-line trading account with one of the brokers we support, then the first step is to open a new account. Click here to open one now in just 5 minutes.
Are the results hypothetical? There are a lot of websites that claim all kinds of results...
Every signal received by ZuluTrade is executed on at least one live / demo broker account. The results contain final spread, swap rates, and profit or loss from current open positions, hence all possible costs by the broker. The spread is the standard spread advertised by the broker you're trading with, and is NOT widened. Hence our performance always reflects real market conditions. Due to the volatility of the markets, sometimes results may vary between accounts.
I already have an account with one of the brokers we support. What is the next step?
Print out this form, fill in your account username of the brokerage firm you're trading with, sign it, and fax it to 212-897-7669.When your broker notifies you that the change has been made, you will receive an email from us that you are ready to start using ZuluTrade. This process will take a maximum of 2 days
I already have an account with one of the dealing brokers you support. Why is ZuluTrade telling me that I cannot use this account? Signing the IB form doesn't work. Do I need to open a new account? What’s wrong?
This is because when you opened this account, there was a party that acted as an Introducing Broker (IB). Your dealing broker cannot remove that Introducing Broker from your account and replace it with Zulutrade as the new one (legal issues). You need to open a new account and set ZuluTrade as your Introducing Broker. Click here to open a new account already setup for ZuluTrade.
I do not want to open a new account, and I don’t want to sign any forms, even though there is not any cost involved with it. I prefer to use my existing account with the broker I’m trading with, without any changes. Is this possible?
No. By signing the IB form, you enable ZuluTrade to receive rebates from the broker or dealer you have an account with, and most importantly for ZuluTrade to pay the signal providers that are generating the trades being executed in your account. So if you do not wish to sign the IB form with the existing account, the alternative is to open a new account with your broker by signing the same IB form for that new account.
Why do I need to type my username for the broker platform I’m trading with? Is there any danger for anybody to steal it?
No, there is no danger. We will never ask you for your password. But even If your password was stolen, it is not possible for anyone (including ZuluTrade) to withdraw funds from your account. This is because your broker, who always wires funds to the beneficiary of the account ONLY, is the one who had opened the account
What is a pip?
A pip is the minimum movement of a currency upwards or downwards. To calculate each pip for every currency, divide 1/ (currency pair exchange rate) Ex: 1/224.92 (GBP/JPY) = 0.00444 GBP. If you’re trading a 100:1 leverage account, then multiply this with 100. Ex 0.00444 x 1000 = 4.44 GBP. To transform this to USD just convert it. Ex: GBP/USD = 1.9377 x 4.444 = 8.6 USD / pip
Another example is to calculate a pip for for GBP/USD. 1/1.9377 = 0.516 GBP. For a 100:1 standard account, multiply that with 10. Ex: 0.516 x 10 = 5.16. To convert in USD multiply with 1.9377. Ex: 5.16 x 1.9377 = 9.98 USD / pip
So this service is completely free for me?
Yes, completely free. ZuluTrade gets rebates from brokers and dealers for trades generated. The revenues are then shared with the signal providers who have generated the signals. Note that unlike other similar services, we do not increase the spreads on any currency. There is absolutely no additional/hidden cost in our service.
How long does it take to open a new account with my existing broker?
It only takes 1 day. Most brokers – if you already had an account with them, do not require duplicate proof of records, and will provide you with a new account number. Don’t forget to tell them that your Introducing Broker is ZuluTrade. Click here to open a broker account already setup with ZuluTrade.
What is the minimum deposit to open a new account?
It depends on the broker, but we recommend that the amount for a standard account is $20,000 USD and for a mini account is $1,000 USD.
I don’t have a trading account with one of the dealing brokers you support. Is that a problem?
No. You can open a new account already set up with ZuluTrade now by clicking here.
I tried to open an account, but I’m confused. Should I open a standard account, or a mini one?
If you are trading more than $10,000 USD we recommend to open a standard account, otherwise a mini account.
Can I open my account in different base currency than USD?
Yes. You can choose between USD, JPY, EUR, GBP and AUD
I logged into my account. How many providers should I trade with?
On the account settings page in the member's login area, there is a wizard that corresponds to the lots traded by every provider and your equity. This wizard will display how many providers you should choose without having the risk of a margin call. Simply follow the wizard. Of course you can choose the signal providers manually if you wish.
What is a lot?
A standard lot is a buy or sell size. If you buy 1 lot of EUR/USD, trading at 100:1 leverage then you buy 100,000 EUR/USD. But since you’re trading with 100:1, the leveraged value is 1,000 EUR/USD or 1 standard lot. If you trade a mini lot, then you buy 10,000 EUR/USD and the leveraged value is 10,000 EUR/USD or 1 mini lot.
Can you add more signal providers?
Send an email to signalpro@zulutrade.com or forexzulutrade@gmail.com and we will add them as soon as possible
Can I trade manually? Or will it conflict with the zulutrades?
Yes. Manual trades will not affect automatic trades.
I have opened a new account with my broker. How do I know everything is ok?
Your broker will send you an email confirming that we are the Introducing Broker, and that your account is ready. Then, you log in to ZuluTrade and configure your trades.
Who are these signal providers? How did you pick them?
We do not pick them. Any individual can become a ZuluTrade signal provider. It is not possible on ZuluTrade to misrepresent the performance of the signals generated. If ZuluTrade shows a profit or loss, it is accurate, because details are confirmed by the dealing broker’s statements. For each pip stated in the performance section, there is a trade registered in the broker’s backoffice. The results are not hypothetical, but actual.
uluTrade was founded in 2006 by Leon Yohai and Kostas Eleftheriou. ZuluTrade bridged the gap between valuable information in money markets and trade execution by converting the advice of the most professional and talented traders globally, to an instant automatically executed trade. Every day, ZuluTrade receives thousands of buy and sell recommendations from the most popular signal providers in the market today, trading automatically your broker account.
Leon Yohai was born in Athens, Greece in 1974, and began his entrepreneurial carrer when he founded fleamarket.gr (emarket.gr now), Greece’s first and largest e-auction website in 1999. In 2001 he founded InternetQ SA, the company that introduced premium text messaging billing in Greece, with more than 1.7 mil. subscribers. He acquired 40% of the Greek mobile market and $23 mil in annual revenues. Leveraging his knowledge of the wireless digital media industry, Leon came to the United States to launch Qmobile, a mobile entertainment startup that quickly gained 25% of market share in the first 3 months of its operation in the US. QMobile has hundreds of thousands subscribers, and over $20 mil. revenues for 2006. Leon has been trading futures, in equities and money markets since 2000, and recognized a need for a service for individual traders, who have busy schedules and cannot follow the rapidly changing markets, yet need total control of their funds. Zulutrade was born… Leon is also a big supporter and an early investor on the AirBike project.
Kostas Eleftheriou was born in Athens, Greece in 1984, and holds a bachelor's degree in computer science from the university of Warwick in the UK. He decided to drop out his master degree, due to Zulutrade’s implementation. Kostas has lived in UK for the past 4 years; recently moving to the US as a co founder of Zulutrade.
