What is the minimum investment to copy trade Forex with ZuluTrade?
The amount of money needed to open an account with a broker may differ. Some may just need $1, while others may have a requirement of $250. However, it is recommended that users maintain a balance of at least $300 in their ZuluTrade account to remain connected to the service. Review of ZuluTrade Copy Trading
Why should I copy trade with Zulu Trade? Is is safe?
ZuluTrade is an outstanding platform for copy trading, which gives an opportunity to tens of thousands of traders and investors to communicate with each other. ZuluTrade Copy Trading is comparable to investment funds, where an experienced trader takes care of the trading process and makes decisions concerning investments while the investor puts their trust in the trader’s choices.
One of the greatest benefits of Copy Trading is its flexibility and accessibility even for those with minimal capital.
Here is a sample of traders you can copy. Click on it to see how it works.
What is a reasonable investment to copy trade with ZuluTrade?
– For those new to investing: An account between $300 and $2,000 is ideal. Having more money to invest means you can diversify your portfolio more and make more of a return.
– For those with some experience in investing: An account from $2,000 to $10,000 is a good option. It gives you a great return with much less volatility due to the wide range of traders you can access.
– For those who are experts in investing: Anything over $10,000 is good. This lets you have an account with many professional traders and helps you allocate your money better for the best profits.
Zulutrade does not impose any fees or commissions on either depositing or trading. The fees for trading depend on the broker you choose to use. A lot of brokers provide free trading, but they make their income off the spread or the disparity between the buy and sell cost of an asset. It is recommended to conduct a survey of different brokers. Then decide which broker platform to access. Spreads can vary significantly and it is possible that they make a big difference if you are involved in a lot of trades. There are no restrictions on the trade size on Zulutrade, all limits are determined by the brokers themselves. To know what the limits are for the particular platform you are using, look into it before signing up.
Try a FREE ZuluTrader demo account to see how it works.
ZuluTrade has one type of account which does not come with extra costs and the only cost you have to pay is that charged by each broker.
The ZuluTrade copy trades platform acts like a interchange where you can keep a track of and pass trades trades to your broker accounts. It does not handle your money. Regulations regarding the amount of trades, as well as when they can be made, are set out by the partner brokers. Many brokers require a minimal deposit when establishing an account, which can range from zero to one thousand dollars, though it is usually between one hundred and two hundred dollars. Zulutrade also suggests that you always keep a minimum balance of 300 dollars in your ZuluTrade account so that you can remain attached to the platform.