No Regulation

Score

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/10

ZuluTrade

Greece

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://www.zulutrade.com/

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Rating Index
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Influence

AA

Influence Index NO.1

Australia 7.84

Better than 98.26% exchange(s)

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AA

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No effective regulatory information has been founded yet, please pay attention to the risks!

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Company Name
ZuluTrade
Phone of the company
+30 213 0176 399
Company website
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Customer Service Email Address
support@zulutrade.com

WikiBit Risk Alerts

1
Previous Detection 2024-06-13

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Aspect Information
Company Name ZuluTrade
Registered Country/Area Greece
Founded year 2007
Regulatory Authority No Regulation
Numbers of Cryptocurrencies Available Various, including Bitcoin, Ethereum, Litecoin, and more
Trading Fees range from $10 per month to $5 per month with annual subscriptions
Payment Methods Bank transfer, credit/debit card, e-wallets
Customer Support Phone of the company:+30 213 0176 399Company website https://www.zulutrade.com/Twitterhttps://twitter.com/zulutradeFacebookhttps://www.facebook.com/zulutrade/Customer Service Email Address:support@zulutrade.com

Overview of ZuluTrade

ZuluTrade is a virtual currency exchange platform that was founded in 2007. The company is based in the United States and is under no regulation . ZuluTrade offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. The fees charged by ZuluTrade vary depending on trading activity and the specific services used. Customers can make payments through bank transfers, credit/debit cards, and e-wallets. ZuluTrade provides 24/7 customer support via email, live chat, and phone.

website

Pros and cons

Pros Cons
Wide range of cryptocurrencies available Fees vary depending on trading activity
24/7 customer support via email, live chat, and phone Payment methods limited to bank transfers, credit/debit cards, and e-wallets

Pros:

- Wide range of cryptocurrencies available: ZuluTrade offers a diverse selection of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. This allows users to have access to a variety of digital assets and invest in their preferred cryptocurrencies.

- 24/7 customer support via email, live chat, and phone: ZuluTrade offers round-the-clock customer support, ensuring that users can access assistance and resolve any issues at any time.

Cons:

- Fees vary depending on trading activity: ZuluTrade's fee structure is not fixed and can vary depending on the user's trading activity. This may make it challenging for users to anticipate the exact costs associated with their transactions.

- Payment methods limited to bank transfers, credit/debit cards, and e-wallets: While ZuluTrade supports commonly used payment methods such as bank transfers, credit/debit cards, and e-wallets, it may not cater to users who prefer alternative payment options. This limitation could restrict some users from accessing the platform.

Regulatory Authority

It's important to note that ZuluTrade is not a regulated financial institution. This means that it does not fall under the oversight of financial regulatory authorities such as the Securities and Exchange Commission (SEC) in the United States or the Financial Conduct Authority (FCA) in the United Kingdom.

UNREGUALTION

Security

ZuluTrade prioritizes the security of its users and implements various protection measures. They utilize encrypted communication channels to ensure that sensitive information remains secure during transmission. Additionally, ZuluTrade implements two-factor authentication, which adds an extra layer of security by requiring users to provide a second form of verification, such as a unique code or fingerprint, before accessing their accounts.

To safeguard user funds, ZuluTrade employs cold storage for storing cryptocurrencies. Cold storage refers to offline storage that is not connected to the internet, minimizing the risk of hacking or unauthorized access. This approach is considered a safer alternative to online or hot wallets.

Furthermore, ZuluTrade regularly conducts security audits and assessments to identify any potential vulnerabilities or weaknesses in their system. By proactively addressing these issues, they strive to maintain a secure environment for their users.

It is important to note that while ZuluTrade implements these security measures, no system is completely immune to risks. Users should also take individual precautions to protect their accounts, such as setting strong and unique passwords and being cautious of phishing attempts or suspicious links.

security

Cryptocurrencies Available

ZuluTrade offers a wide range of cryptocurrencies for trading on their platform.This includes popular digital assets such as Bitcoin, Ethereum, and Litecoin, as well as many other cryptocurrencies. The availability of diverse cryptocurrencies allows users to have options when it comes to their investment strategies and preferences.In addition to cryptocurrency trading, ZuluTrade may also provide other products or services. However, the specific details of these offerings are not mentioned in the provided information. It is recommended to visit the ZuluTrade website or consult their customer support for more comprehensive information on their products and services.

Cryptocurrency Price (USD) Change (%)
BTC/USD 52,000.100 -0.13%
EOS/USD 0.771 -0.04%
XLM/USD 0.114 +0.87%
LTC/USD 70.700 -3.28%
ETH/USD 2,816.300 -0.25%
BCH/USD 268.400 -6.34%
cryptos

Fees

Here's a breakdown of the fees associated with ZuluTrade's subscription plans:

Standard Plan:

  • $10 per month per Leader Strategy: This is the base fee for following a specific trader's strategy (Leader Strategy).

  • Discounts available: You can get discounts by choosing longer subscription periods:

    • Quarterly: exact discount not specified

    • Semi-annual: exact discount not specified

    • Annual: exact discount not specified

Zero Subscription Plan:

  • Free: You can avoid the subscription fee altogether by signing up with one of ZuluTrade's Integrated Brokers or specific Co-branded Brokers.

  • Condition: These brokers cover the cost of your signal providers (Leader Strategies) on your behalf.

Below is a table describing the subscription fee structure of ZuluTrade:

Subscription Plan 1 Month 3 Months 6 Months 12 Months
Price Leader Strategy $10 Month $9.5 Month $9 Month $8.3 Month
Discount Month - 5% 10% 17%
trading

ZuluTrade APP

The ZuluTrade app provides on-the-go access to the popular social trading platform. It allows you to:

Connect with Traders:

  • Browse a global community of over 1 million users and 20,000 experienced traders (Leaders).

  • Analyze their performance through detailed statistics and track records.

  • Follow and copy their trades in real-time on various markets like forex, stocks, crypto CFDs, indices, and commodities.

Manage Your Portfolio:

  • Customize your investments by selecting multiple Leaders and adjusting copied trade volumes.

  • Monitor your positions and track live performance directly from your phone.

  • Set stop-loss and take-profit orders to manage your risk exposure.

  • Deposit and withdraw funds to and from your linked brokerage account.

Stay Informed:

  • Receive real-time notifications about copied trades and market movements.

  • Access educational resources and market analysis to improve your trading knowledge.

  • Connect with other traders in the community through the built-in chat feature.

Key Features:

  • User-friendly interface: Simple and intuitive design for beginners and experienced traders alike.

  • Multi-language support: Available in multiple languages for global accessibility.

  • Secure environment: Uses advanced security measures to protect your data and funds.

  • Available on iOS and Android: Downloadable for free from respective app stores.

Who should use the ZuluTrade app?

  • New or inexperienced traders: Learn from experienced traders and gain practical trading experience.

  • Busy investors: Manage your investments on the go without sacrificing performance.

  • Those seeking diversification: Build a diversified portfolio by copying different Leaders across various markets.

  • Mobile-first investors: Prefer to manage their investments conveniently through their smartphone.

app

Alternatives to the ZuluTrade app:

  • Other social and copy trading platforms: eToro, Mirror Trader, and NAGA Trader offer similar mobile apps.

  • Traditional online broker apps: These apps allow direct access to markets but require individual trading decisions.

Whether you're a seasoned trader or just starting out, the ZuluTrade app can be a valuable tool for diversifying your portfolio and leveraging the expertise of experienced traders. However, always remember to prioritize risk management and responsible investing practices.

How to Buy Cryptos?

ZuluTrade offer social copy trading for cryptocurrency contracts for difference (CFDs), they don't allow you to buy and hold the actual crypto assets themselves.

Here's a breakdown:

  • ZuluTrade: Social copy trading platform for various instruments, including crypto CFDs.

  • Crypto CFDs: Contracts that track the price of a cryptocurrency, allowing you to speculate on its price movement without directly owning the crypto.

  • Buying actual crypto: This involves using a cryptocurrency exchange like Coinbase, Binance, etc., where you can directly purchase and hold the underlying crypto asset.

buy way

Is ZuluTrade a Good Exchange for you?

Based on available information and current trends, ZuluTrade likely targets the following groups:

  • Retail investors with some experience: ZuluTrade requires users to understand financial markets and basic trading concepts. It's not suitable for complete beginners.

  • Risk-tolerant individuals: Social copy trading inherently carries risk, as users copy other traders' strategies. Users should be comfortable with potential losses.

  • Those seeking diversification: ZuluTrade offers access to various markets and traders, allowing users to diversify their portfolios beyond traditional instruments.

  • Tech-savvy individuals: The platform relies on technology and requires comfort with online interfaces and data analysis.

Conclusion

In conclusion, ZuluTrade offers a wide range of cryptocurrencies, regulated operations, and round-the-clock customer support, providing users with access to various digital assets and a sense of security. However, it is important to consider the variable fee structure and limited payment methods as potential disadvantages. Traders should prioritize safety and security, research regulatory status, evaluate security measures, and diversify their holdings. While ZuluTrade implements security measures, users should also take precautions to protect their accounts. Finally, the platform offers educational resources and tools, making it suitable for traders interested in exploring different cryptocurrencies and enhancing their knowledge. However, it is crucial to recognize the inherent risks of virtual currency trading and exercise caution.

FAQs

Q: What are the advantages of trading on ZuluTrade?

A: Some advantages of trading on ZuluTrade include access to a wide range of cryptocurrencies, regulated operations, round-the-clock customer support, and educational resources and tools to enhance trading knowledge.

Q: Can I deposit funds using multiple payment methods on ZuluTrade?

A: Yes, ZuluTrade offers multiple payment methods including bank transfers, credit/debit cards, and e-wallets.

Q: How can I ensure the security of my ZuluTrade account?

A: To ensure the security of your ZuluTrade account, it is recommended to set strong and unique passwords, be cautious of phishing attempts, and utilize the platform's security features such as two-factor authentication.

Q: Can I trade cryptocurrencies other than Bitcoin and Ethereum on ZuluTrade?

A: Yes, ZuluTrade offers a wide range of cryptocurrencies for trading, allowing users to explore and trade different digital assets.

Q: How can I contact ZuluTrade's customer support?

A: ZuluTrade provides 24/7 customer support, and users can contact them through various channels such as live chat, email, or phone.

User Review

User 1: I've been using ZuluTrade for a while now and I'm impressed with the security they have in place. I feel confident knowing that they use encrypted communication channels and cold storage for storing cryptocurrencies. The two-factor authentication adds an extra layer of protection to my account. However, I wish they had more cryptocurrencies available for trading and their customer support response time could be improved.

User 2: ZuluTrade is a great platform for cryptocurrency trading. I appreciate that they are regulated by the CFTC, which gives me peace of mind. The interface is user-friendly and easy to navigate. The liquidity is also good, allowing me to execute trades quickly. The customer support team has been helpful whenever I had any questions or issues. The trading fees are reasonable, although I would like to see more options for order types. Overall, ZuluTrade offers a stable and reliable exchange with solid privacy and data protection measures in place.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.