ZuluTrade is a powerful beginner-friendly social (copy) trading platform. In this article, we reveal the pros and cons of our 15 Best Zulutrade Forex Brokers and we review the features, tools, platforms, trading conditions and instruments these brokers offer.
ZuluTrade is a FINVASIA Group company that was founded in 2007 by Leon Yohai and Kosta Eleftheriou.
ZuluTrade is trusted by more than 20 leading forex brokers, including FXCM, Tickmill, IC Markets and ThinkMarkets.
This platform can be used to trade a wide range of Forex pairs, Stocks, Cryptocurrencies, Commodities and Indices.
ZuluTrade Features:
- Suitable for beginners and professional traders
- ZuluGuard monitors and automatically monitors trading behaviour based on parameters
- The ZuluTrade Automater uses an automating programme by combining technical analysis with pre-configured rules and EAs (Expert advisors) to open and close positions
- Backtest and refine your trading strategies using market data in a simulated trading environment to optimize your strategies and determine your potential profits and losses
- ZuluScript enables investors to create condition-based scripts that can carry out trading operations using a set of custom instructions
- Trading tools to calculate profits, spreads and margins
- ZuluTrade has a thriving social trading community and you can visit the help centre, watch tutorials and read blog articles
- The ZuluTrade forum and FAQ section can be used to find answers to some of the most commonly asked questions.
- The ZuluTrade economic calendar can be used to keep track of important financial events and market activity
eToro
Overall Rating USD 50 FCA, CySEC, ASIC 📱 Platforms eToro app, OpenBook, eToro CopyTrade ₿ Crypto Yes 💵 Account Currency USD, AUD, CNY, CAD, GBP, EUR, JPY, RUB Yes 1:30 🛒 Instruments Stocks, Commodities, Indices, Forex, ETFs, Cryptocurrencies 🏛️ Visit Broker
4.2/5
Minimum Deposit
Regulators
Islamic Account
Leverage
eToro offers a great number of products and is geared to provide great service to novice and expert traders alike.
Many agree that eToro provides one of the best trading experiences in today’s market and this is all made possible thanks to their capable mobile and web platforms.
Traders will discover that the educational and research content, although vast, needs some improvement.
However, account creation is a quick, digital process and customer support provides great assistance in resolving user queries.
eToro Pros and Cons:
| ✔️Pros | ❌Cons |
| Efficient sign-up | Single base currency |
| Great platforms | Forex fees are high |
| Useful trading tools | Withdrawal process is complicated |
Blackbull Markets
Overall Rating USD 0 FMA 📱 Platforms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, ZAR Yes 1:500 🛒 Instruments 26,000+ Forex, Indices, Commodities, Metals, Energy 🏛️ Visit Broker Blackbull markets
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
Blackbull Markets is an award-winning broker that offers thousands of instruments and flexible accounts.
Blackbull Markets offers spreads from as low as 0 pips on the ECN Institutional account but a small commission fee is charged.
The ECN Standard account offers spreads from 0.8 pips and no commissions are payable on this account.
Blackbull Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Commission-free accounts | No US clients |
| Tight spreads | Zero spreads only on Institutional account |
| 23,000+ instruments | |
| Active Trader account |
FP Markets
Overall Rating USD 100 ASIC, CySEC 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, CHF Yes 1:500 🛒 Instruments Forex, Shares, Metals, Indices, Commodities, crypto 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
FP Markets offers tight raw spreads starting from 0 pips.
There are 2 types of accounts that you can open with FP Markets and the Raw account has tight spreads but a small commission fee is charged.
The Standard account offers spreads from 1 pip but is commission-free.
We recommend FP Markets for social traders and copy trading.
FP Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| 10 Base currencies | Withdrawal fees |
| Tight spreads | High minimum deposit |
| Commission-free trading |
Vantage Markets
Overall Rating USD 200 ASIC, FCA, CIMA 📱 Platforms MT4, MT5, Vantage app, Protrader, Metaquotes apps, ZuluTrade, DupliTrade, MyFxBook ₿ Crypto No 💵 Account Currency AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD Yes 1:500 🛒 Instruments Forex, Indices, Energy, Soft commodities, Metals, CFDs 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Vantage Markets is regulated by ASIC, CIMA, and FCA, and facilitates many styles of trading, including Social trading.
Vantage Markets offers 2 accounts that can be funded using USD, CAD, GBP, JPY, NZD, HKD, AUD, SGD and EUR, and is a suitable broker for beginners.
Vantage Markets can be used with many popular platforms, such as ZuluTrade, Protrader, MyFxBook DupliTrade, Metaquotes, as well as MT 4 and 5 and then Vantage FX proprietary platform.
Vantage Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| 9 base currencies supported | High minimum deposit |
| Flexible accounts offered | |
| Bonus offers |
AvaTrade
USD 100 MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency AUD, EUR, USD, GBP, CHF Yes 1:400 🛒 Instruments Forex, Bonds, Stocks, Commodities, ETFs, Indices, Crypto 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
AvaTrade was founded in 2006 and offers 4 types of accounts.
AvaTrade has more than 300,000 clients and has won more than 100 awards.
AvaTrade offers tight spreads from as low as 0 pips.
AvaTrade Pros and Cons:
| ✔️Pros | ❌Cons |
| 1,250+ instruments | No USA clients |
| Suitable for EA nd automated trading | No account comparison on website |
| Beginner-friendly | |
| Highly regulated |
Pepperstone
Overall Rating USD 200 ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency USD, GBP Yes Low 🛒 Instruments Forex, Crypto, Shares, ETFs, Indices, Commodities 🏛️ Visit Broker
4.0/5
Minimum Deposit Regulators Islamic Account Leverage
Pepperstone is a popular beginner-friendly social trading broker that offers more than 1,200 CFDs and spreads from 0.1 pips of currencies.
There are 2 types of accounts you can open with Pepperstone and both accounts can be used for hedging and scalping.
The Razor account offers the tightest spreads but a small commission fee is charged.
The Standard account charges no commissions but the spreads on this account start from 1 pip.
Pepperstone Pros and Cons:
| ✔️Pros | ❌Cons |
| Tier-1 regulations | High minimum deposit |
| Commission-free account | 2 base currencies |
| Tight spreads | |
| No inactivity fee |
HYCM
Overall Rating USD 100 FCA, CySEC, CIMA, DIFC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, GBP, EUR, AED Yes 1:500 🛒 Instruments Forex, Stocks, Indices, Cryptocurrencies, Commodities, ETFs 🏛️ Visit Broker
4.3/5
Minimum Deposit Regulators Islamic Account Leverage
HYCM was founded in 1998 and offers more than 40 currency pairs and a variety of other instruments.
There are 3 types of accounts to choose from with HYCM and 2 of them are commission-free.
HYCM provides educational resources and you can watch webinars on the website.
HYCM Pros and Cons:
| ✔️Pros | ❌Cons |
| 300+ instruments | No USA clients |
| Multiple accounts | Inactivity fees |
| Recommended for EA traders | |
| Low minimum deposit |
Axiory
USD 0 IFSC, MFSC, FCA 📱 Platforms MT4, MT5, cTrader, Axiory CopyTrade App ₿ Crypto No 💵 Account Currency EUR, USD Yes 1:777 🛒 Instruments Forex, Gold, Metals, Energies, Oil, CFD indices, CFD stocks, ETFs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Axiory offers 5 types of accounts and each account has a different leverage cap.
The Standard and Max accounts are commission-free and can be used for Hedging, but only the Max account can be used for copy trading.
All accounts have a minimum deposit requirement of $10 and have negative balance protection.
Axiory offers spreads from 0 pips on all accounts, but 3 of the 5 accounts charge commission fees.
Axiory Pros and Cons:
| ✔️Pros | ❌Cons |
| Negative balance protection | 2 base currencies |
| Low minimum deposit | No US clients |
| Commission-free accounts | No crypto |
| Beginner-friendly |
HFM
Overall Rating USD 5 FCA, FSA, FSCA, DFSA, CySEC, FSC 📱 Platfoms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, ZAR, USD, NGN Yes 1:1000 🛒 Instruments Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
HFM has done a great job in ensuring that they are a brand that is associated with trust and integrity and has provided its traders with a consistently stable partnership.
HFM was established in 2010 and is headquartered in Cyprus.
HFM also has offices in Dubai, South Africa and offshore entities in St Vincent and the Grenadines.
HFM offers great platforms that are well-designed and user friendly and accessible through the web, desktop and mobile.
Account creation is straightforward and customer technical support is effective at resolving queries at any time of the day.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| Great selection of accounts offered | Limited base currencies |
| Fantastic and personalised customer support | Few instruments offered |
| Numerous currency pairs from which to choose | |
| Commission-free Forex trading | |
| Competitive spreads | |
| Low Min Deposit |
Eightcap
Overall Rating USD 100 ASIC, SCB 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD No 1:500 (ASIC) 🛒 Instruments Forex, Commodities, Indices, Shares, Crypto 🏛️ Visit Broker
3.2/5
Minimum Deposit Regulators Islamic Account Leverage
1:30 (SCB)
Eightcap offers 2 types of accounts that can be used for EA trading.
The Raw account has the tightest spreads (from 0 pips) but charges a small commission fee.
The Standard account offers spreads from 1 pip but no commission fee is payable when using this account.
Both accounts can also be used for hedging and scalping.
Eightcap Pros and Cons:
| ✔️Pros | ❌Cons |
| Flexible payment methods | No swap-free accounts |
| Commission-free account | High minimum deposit |
| Beginner-friendly | |
| 1,000+ instruments |
FXTM
Overall Rating USD 10 CySEC, FCA, FSC 📱 Platforms MT4, MT5, FXTM Trader ₿ Crypto No 💵 Account Currency USD, EUR, GBP, NGN Yes 1:2000 🛒 Instruments Metals, Stocks, CFDs, Indices, Forex, Commodities 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
FXTM offers 3 types of accounts and spreads starting as low as 0 pips on the Advantage account.
The Micro and Advantage Plus accounts are commission-free and offer spreads from 1.5 pips.
FXTM provides plenty of educational resources and is a great option for beginners.
FXTM Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | No US clients |
| Beginner-friendly | Inactivity fees |
| Low minimum deposit |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
With over 1000 tradeable instruments, XM has been providing Forex brokerage services since 2017.
You can choose from a selection of CFDs, Energies CFDs, Equity Indices CFDs, Forex Trading, Precious Metals and Stock CFDs.
XM also offers Forex traders more than 50 currency pairs with which to trade.
XM has enabled in excess of 70 000 traders to complete their Forex trades by using MetaTrader 4 and MetaTrader 5 with XM’s well-designed platforms.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| Low withdrawal fees | Inactivity penalties |
| Easy and fast sign up | Average Forex fees |
| Free withdrawals | |
| Great educational and research tools | |
GO Markets
Overall Rating USD 200 FSC, ASIC, AFSL 📱 Platforms MT4, MT5, GO Webtrader Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD No 1:500 🛒 Instruments Forex, Shares, Indices, Metals, Commodities
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Established in 2006, GO Markets is an Australian Forex broker offering a wide variety of instruments for trading including Indices, Shares, Forex, Commodities and Cryptocurrencies.
GO Markets have a prominent global presence and have offices based in Melbourne, Taipei, Hong Kong and London.
GO Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Trade executed quickly | Limited account types offered |
| Platforms are well-designed | Regional limitations |
| Educational and research tools are great | No services to US region |
| Highly regulated | Limited products offered |
Alpari
USD 5 FSC 📱 Platforms MT4, MT5, Alpari Mobile ₿ Crypto No 💵 Account Currency USD, EUR, GBP, NGN Yes 1:1000 🛒 Instruments Forex, Metals, CFDs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Alpari was founded in 2014 and is based in Mauritius.
Alpari is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.
Alpari clients will be given access to great trading platforms like MT 4 and 5 which are accessible through web, desktop and mobile formats.
With access to hundreds of markets in Stocks, Metals, Cryptocurrencies, Indices and Forex, Alpari has reached an annual trading turnover in excess of $1.3 trillion per year.
Forex beginners keen on day trading will find that coupling Alpari’s demo account with the fantastic educational resources that are available is a sure recipe for success.
Alpari Pros and Cons:
| ✔️Pros | ❌Cons |
| Useful Demo accounts and great Social Trading | Educational resources require more content |
| Impressive copy trading | Resource tools are limited |
| Wide variety of products offered | Expensive transaction fees |
| Multilingual support | Charges for withdrawals |
| Minimum deposit is low |
FXopen
Overall Rating USD 1 ASIC, FCA, FSCA 📱 Platforms MT4, MT5, TickTrader, FIX API, Myfxbook ₿ Crypto Yes 💵 Account Currency USD, EUR, GBP, CAD, AUD, CHF, JPY, CNY Yes 1:500 🛒 Instruments Forex, Indices, Commodities, Shares, Crypto 🏛️ Visit Broker
4.6/5
Minimum Deposit Regulators Islamic Account Leverage
FXOpen was founded in 2003 and has more than 1 million clients.
FXOpen offers 4 types of accounts and 600+ instruments with spreads from 0 pips.
FXOpen allows EA trading and scaling and is a great option for beginners.
FXOpen Pros and Cons:
| ✔️Pros | ❌Cons |
| Plenty of research and educational material | No fixed spreads |
| Low minimum deposit | No USA Clients |
| Commission-free trading | |
| Tight spreads |
Conclusion
ZuluTrade is one of the best-rated, safest copy trading platforms in the world.
This platform can be used by investors, beginners and professional traders, and is also a great option if you’re looking for a rewarding affiliate partnership.
Some of the most popular forex brokers use ZuluTrade to offer copy trading services to their clients and ZuluTrade has a thriving community with thousands of users worldwide.
We highly recommend using ZuluTrade if you’re interested in being a copy trader or a strategy provider.
If you’ll be copying trades, each combo you select is managed by ZuluTrade’s Certified Management Portfolio Team.
We hope that this review of the 15 Best Zulutrade Forex Brokers will help you find a broker that aligns with your trading goals so that you can trade with confidence.
Good luck with your trading!
FAQ
What is Zulutrade?
ZuluTrade is a social trading platform and a FINVASIA Group company that was founded in 2007 by Leon Yohai and Kosta Eleftheriou.
Is Zulutrade beginner-friendly?
Yes
What are the features of Zulutrade?
ZuluTrade Features:
- Suitable for beginners and professional traders
- ZuluGuard monitors and automatically monitors trading behaviour based on parameters
- The ZuluTrade Automater uses an automating programme by combining technical analysis with pre-configured rules and EAs (Expert advisors) to open and close positions
- Backtest and refine your trading strategies using market data in a simulated trading environment to optimize your strategies and determine your potential profits and losses
- ZuluScript enables investors to create condition-based scripts that can carry out trading operations using a set of custom instructions
- Trading tools to calculate profits, spreads and margins
- ZuluTrade has a thriving social trading community and you can visit the help centre, watch tutorials and read blog articles
- The ZuluTrade forum and FAQ section can be used to find answers to some of the most commonly asked questions.
- The ZuluTrade economic calendar can be used to keep track of important financial events and market activity
What is copy trading?’
Copy trading is also sometimes referred to as “social trading” and it is a trading system that allows you to follow and duplicate the trading activities of strategy providers.
