In this ZuluTrade review, we will be delving into the world of social trading. We’ll discuss the history of the platform, what it offers and its pros and cons.
The History of ZuluTrade was founded back in 2007 by Leon Yohai. It was originally conceived as a method for people to trade foreign exchange via their mobile phones. This is why the name ZuluTrade derives from the word ‘zulú’ which means ‘expert’ in Bantu.
Leon Yohai developed an algorithm that then became a part of MetaQuotes software, which is used by most forex brokers around the world. This innovation allowed traders to receive signals on their mobile devices through SMS messages when certain trading conditions were met.
The idea of copy-trading was born and quickly became popular with traders worldwide. The only problem was that it required traders to have technical knowledge in order to create their own strategies. So, in 2008, ZuluTrade launched its social trading platform, allowing traders to share strategies with each other and interact online.
Nowadays, ZuluTrade has grown into a fully-fledged social trading network that caters for both experienced traders and novices alike.
The ZuluTrade platform was created by Leon Yohai, a forex trader that had a strong desire to create a social trading platform for online investment and the necessary innovative tools to improve the trading results of investors.
The ZuluTrade platform has continued to grow and currently offers its services in over 196 countries worldwide. The platform offers trading in over 50 forex pairs, various CFDs and spot metals. The wide range of available products provides traders with a choice of options for their investing needs.
The ZuluTrade platform is easy to use and can be used by both beginners and experienced traders. Its efficient method allows users to replicate the strategies of expert traders directly on their platforms with no need for manual intervention. Some of these experts are also available on the “Expert Advisors” tab, where you can download their robots to use them on your Metatrader 4 or 5 platforms.
ZuluTrade is currently one of the best social-trading platforms available in the market today as it allows traders to copy trade forex and other financial instruments while also providing an opportunity for skilled traders to earn some extra income.