How Is ZuluTrade profitable?

Author : hafijur89h
Publish Date : 2022-06-22 08:43:10
How Is ZuluTrade profitable?

ZuluTrade is a binary options trading platform that was launched in 2015 by a company called Zulu Trade Ltd, which is based in Cyprus and has its registered office at St. Georges Avenue, Limassol, Cyprus. The company’s website states that it is regulated by CySEC (Cyprus Securities and Exchange Commission) and FCA (Financial Conduct Authority). In addition to this, the site also claims that the company complies with all the necessary requirements for operating as a financial services provider in the UK.

The company offers its services across Europe and the US and is available through both mobile apps and a web-based interface. It allows users to trade on more than 120 assets including indices, stocks, commodities, forex pairs, and cryptocurrencies. so, the question arises in our mind is ZuluTrade Profitable or not?  In this article, we'll try to cover the whole story for you. so, let's get started.

Why Trade with ZuluTrade?

Trading Platform: Trading on the MT4 platform gives you access to over 200 markets around the globe.

Brokerage Fee: 0% deposit bonus + low brokerage fees.

Deposit Methods: Credit cards, Skrill, Neteller, Bank transfers, Moneybookers, Webmoney, Trustly, EcoPayz, Paysafecard, and Bitcoin.

ZuluTrade copies trading platform review – Is it legit?

In order to use ZuluTrade, you will need to open an account and fund your account using one of their payment methods. You can fund your account using wire transfers or credit card payments. Once your account is funded you are ready to start trading.

Trading Platform Features

There are two main features that make ZuluTrade stand out from other similar platforms:

Mobile Trading Apps

All the major trading platforms have a desktop version but not many offer a mobile app. This is where ZuluTrade differs because they do offer a mobile app that works on iOS and Android devices. and this app is, I believe, one of the best app for trading that I have ever used in my life to earn huge profits.

This means that traders who prefer to trade on the go can still access their accounts even when they are away from their computers.

Traders can choose between a free and paid version of the app. The free version comes with limited functionality while the paid version gives traders full access to the platform.

Both versions allow traders to view charts and graphs, place trades, check their positions, and much more.

Trader Account Types

Another feature of ZuluTrade is that they give traders three different types of accounts depending on how much money they want to invest. These include:

Standard Account – This type of account is suitable for those new to the world of binary options trading. Traders get a minimum deposit amount of $250 and can only trade with up to $10,000 worth of capital.

Pro Trader Account – This type of trader account is ideal for experienced traders who wish to take advantage of the extra benefits offered by the platform such as special bonuses and higher leverage levels.

VIP Trader Account – This type is designed for high-net-worth trade with large amounts of capital. VIP traders get access to exclusive bonuses and promotions, increased leverage, and access to premium tools.

Trading Interface

One of the most important aspects of any trading platform is the trading interface. ZuluTrade does not disappoint here either. They provide a clean and simple user experience that makes it easy

individuals who want to learn how to trade binary options to navigate through the platform without getting lost in the details.

The platform provides a number of useful features including:

  • Multiple Charts & Graphs

ZuluTrade offers four different charting interfaces which include:

  • Bar Chart

  • Line Chart

  • Candlestick Chart

  • OHLC Bar Chart

All four of these charts show the current price of the asset being traded against time.

ZuluTrade also offers two graph types which include:

  • Histogram

  • Price Range

These graphs display the historical prices of the assets being traded over a specific period of time.

Order Book

This shows the order book of the asset being traded. It displays all orders placed at various price points during the session.

Exchange Rates

This shows the exchange rate of the currency being traded against other currencies.

How Does ZuluTrade Work?

To begin using ZuluTrade, you must first open an account by clicking the “Open Account” button located in the top right corner of the homepage. You will then need to fill out the necessary information about yourself. This includes your name, address, contact number, e-mail address, and bank details. Once you click the “Next Step” button, you will be directed to a page where you can choose the type of account you want to open. There are three types: Demo, Standard, and Premium.

ZuluTrade Demo Account

The demo account allows you to test drive the platform before opening a real account. With the demo account, you can practice trading without risking any real money. To get started, simply select one of the available trading instruments and start trading.

Spreads & Commissions

A spread refers to the difference between the bid and ask prices of an option contract. The size of the spread depends on many factors, but generally, the larger the spread, the wider the profit potential. For example, if the bid price is $1.20 and the asking price is $1.25, then the spread is $0.05 or 5 cents (5 x 100). If the same bid and ask prices were $1.30 and $1.35 respectively, the spread would be $0.15 or 15 cents (15 x 100).

Spread sizes vary depending on the underlying instrument. For example, spreads on stocks may be much smaller than spreads on indices. In addition, spreads are usually narrower when there is more liquidity in the market.

Fees

Most brokers charge a flat fee per transaction regardless of whether the trader wins or loses. However, some brokers will charge a higher commission if the trader’s position goes against him. Other brokers may charge a percentage of the total value of the trade.

In general, traders should avoid paying upfront fees because this can lead to losses. Instead, pay only when you have actually won or lost.

Customer Support

One of the most important aspects of any binary options trading platform is customer support. ZuluTrade does a good job here too. They provide 24/7 live chat support, email support, phone support, and an FAQ section.

They also offer a 30-day money-back guarantee if you are not satisfied with their service.

Conclusion

Overall, we think that ZuluTrade is a reputable binary options broker. We like the fact that they offer a wide range of trading instruments, a variety of trading platforms, and multiple ways to fund your account. All these factors make them a great choice for anyone looking to trade binary options.



Category : business

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