ZuluTrade is one of the world's most innovative Copy & Social Trading platforms. They offer a smooth and simplified Copy Trading experience with exciting options like Traders, Combos and Investment Baskets across multiple instruments, including Cryptos, Stock CFD's Forex, Commodities and Indices. But you need to confirm if they open trading accounts in SA; the answer is yes, ZuluTrade accepts clients who live in SA. So let me give you some details about this popular CopyTrading platform.
Unlike eToro, where you can only copy traders on their trading platform, the other CopyTrading giant, ZuluTrade, connects your trading account with a vast range of brokers and allows you to copy trading strategies across their network. In other words, you may use a trading account with a broker that provides you with the best trading conditions and layer that account with a ZuluTrade copytrading account. We can mention brokers like AvaTrade, IC Markets, AAAFx or FXTM. The list is vast.
Although SA is not one of the leading markets for ZuluTrade, a Trader from Cape Town is in the top ranks. Check out his portfolio.
ZuluTrade has several features worth mentioning. For example, ZuluGuard™ is an account protection feature that monitors each Trader's behaviour and automatically removes a Trader when detecting a trading strategy that has deviated from its expected loss profile.
They allow Automated Trading. Automated trading is a method that uses an automation programme that executes pre-set rules for entering and exiting the markets. As the Trader, you can combine thorough technical analysis with setting parameters for your positions, such as orders to open, trailing stops and pledged stops. Auto trading enables you to carry out many trades in a small amount of time, with the added benefit of taking the emotion out of your trading decisions. With some simple algorithms, you can use your pre-determined strategies to follow trends and trade accordingly.
To open a CopyTrading account with ZuluTrade from SA, you must upload an identification (Passport or South African ID) and proof of address.