After launching the ForexCopy and PAMM programs, FirewoodFX has again expanded its investment features, this time adding access to the ZuluTrade platform. What are the special features of this new feature? Are there terms and conditions that need to be considered?
As one of the most popular social trading platforms, ZuluTrade is relied on by many world traders who join as Traders and Followers. Those who are experienced and able to have a high level of profitability can earn extra trading income as Traders. In contrast, beginners or those who don't have time to manage their own trading accounts can become Followers.
The relationship between Traders and Followers at ZuluTrade can create mutually beneficial conditions. Followers can copy trades from Traders automatically and profit if the trade positions followed are successful. In exchange, the Trader will receive an amount of commission paid as a service fee by the Follower.
In providing a social trading platform for Traders and Followers, ZuluTrade has the following special features :
- ZuluRank: A trading performance monitoring system that ranks Traders so that they can provide ideal recommendations for Followers.
- ZuluGuard: An account protection feature that provides a 24/7 Trader activity monitoring tool. With ZuluGuard, a Follower can detect changes in Trader behavior that pose a risk to the safety of funds. Apart from that, Followers can also directly intervene to protect the capital that has been invested.
- Simulation: A trial platform to test the success of a Trader's signals with the trading parameters set by the Followers.
- Customization: ZuluTrade users, both Followers and Traders, can set their own lot, trading pairs, maximum open trades, as well as stops and limits.
- Risk management: ZuluTrade has an Auto Mode system that allows Followers to set the ideal risk percentage on the Risk Meter bar. This system will allocate lots automatically, so Followers can safely follow Trader's signals without having to calculate the division of the trade size by themselves.
ZuluTrade Account in FirewoodFX
To be part of the Trader and Follower community at ZuluTrade, you can first register an account at FirewoodFX. In particular, this broker provides a ZuluTrade account with the following specifications:
- Fixed spreads from 2 pips
- 5-digit price quote
- Leverage up to 1:1000
- Commission 1.8 pips
- There is a swap-free option available
- SL/TP/stop/limit levels at 2 pips
- Stop out level 20%
ZuluTrade account registration at FirewoodFX is very easy. New clients can open the account registration form and choose the account type "ZuluTrade". Meanwhile, for traders who have registered with FirewoodFX, a ZuluTrade account can be added by clicking the "Add New Account" option in the Client Cabinet.
FirewoodFX broker's commitment to improving trading services so far is quite optimized on investment features. The two previous facilities, PAMM and ForexCopy, were also launched to provide an investment platform that meets the needs of Traders and Followers.
With the ZuluTrade option, the investment options at the FirewoodFX broker are now even more diverse. Apart from PAMM and ForexCopy services, traders can join the well-known platform ZuluTrade to get excellent social trading features that are also enjoyed by many traders worldwide.