NEW YORK--(BUSINESS WIRE)--ZuluTrade.com is the world’s first FOREX autotrading social community, enabling third party algorithmic trading masterminds to be auto-traded through account holders in many brokerage firms worldwide. With close to 5,000 active accounts today, ZuluTrade has over $150 billion USD in transactions so far. The company achieved 500% annual growth since 2008 and is currently sustaining 20% average monthly growth rate.
ZuluTrade tracks trades and success rates of expert currency traders through patent-pending technology, and allows autotraders to select and follow experts, then directs all those trades in the autotrader’s broker account no matter which brokerage firm they hold an account with. ZuluTrade provides this online service to autotraders for free.
“We created ZuluTrade because we recognized a need in the market for a web platform that would evaluate system traders, and bridge them with account holders that love commodities trading but just don’t have the time to study or monitor the markets, and who want to have full control of their account and funds,” explained Leon Yohai, Founder of ZuluTrade. “With ZuluTrade, you don't have to study or monitor the market to make a good pick, because thousands of FX trading experts are doing it for you. All you have to do is pick the experts you like, and ZuluTrade will automatically convert their advice into trades directly in your broker account.”
How ZuluTrade Works
ZuluTrade audits and tracks all traders globally in real time, shares their knowledge and trade track record with people interested in their strategies, and gives autotraders the ability to select the expert traders, or “signal providers”, whose trades they want ZuluTrade to auto-execute.
ZuluTrade gives trading clients the most comprehensive data possible to help them evaluate and select the signal providers they want to follow. Its Zulurank software utilizes a proprietary algorithm that ranks a trader by analyzing different factors, such as the amount of trading activity, the drawdown of each trade and the whole PnL, the amount of time a trade stays open, how often the trader logs in, how long a signal provider has worked with ZuluTrade, his sharp ratio, and many other factors.
Signal providers receive payment from ZuluTrade every time an autotrader uses their knowledge by replicating their trades. With over 4,500 portfolios to choose from, traders may follow and replicate the trades of as many signal providers as their equity permits.
Trading clients specify which signal providers they want to emulate, and can add or drop signals at any time. They can specify which currencies they want to trade, set limits, thresholds and stop losses for algorithmic trades. Traders can edit any position instantly, execute their own manual trades, or shut down trading for minutes, days or any length of time. Some traders even identify traders who consistently perform dismally and instruct ZuluTrade to do the opposite.
About the ZuluTrade Service
ZuluTrade offers an open environment where expert traders from all over the world, known as “signal providers or system traders”, can connect their trading station. ZuluTrade receives each trade they execute on their account, then shares the information with all of the ZuluTrade community.
ZuluTrade currently provides the service to 20 brokerage firms such as FOREX.com, FXCM, SAXOBANK, ALPARI, FXDD, CMS, AVAFX, TDFX, Prime4X, with a pending list of around 70 brokers worldwide to be connected soon. ZuluTrade earns a commission on trade transactions from all brokerage firms connected on zulutrade.com.
There is no minimum investment requirement to link your account with zulutrade.com Investment funds are held in the trader’s own broker account, so no wire transfers to other 3rd parties are necessary. Traders may withdraw funds at any time.
Founded in 2006, ZuluTrade is headquartered in Athens Greece, with branch offices in New York, Hong Kong, and Shanghai and a team of 60 people. ZuluTrade has 5,000 trading clients in its online network and a trade volume close to $150 billion USD. For more information visit www.zulutrade.com