ZuluTrade Gets a Makeover
Responding to increase competition in the trading signals and social trading sector, long time player ZuluTrade has revamped their website and added a list of new features to the product. The change occurs as ZuluTrade now has to defend its terrain from a slate of startups that have created competing multi-broker offerings as well as from Metaquotes which recently launched trading signals on MT4/5.
In addition to a an updated website, ZuluTrade has added new features called ZuluGuard, Lock Trade, and Time Filter. ZuluGuard is a system that suspends the following of a trader if they begin to trade in a different trading strategy. The Lock Trade function allows users to verify a trade for execution after the signal has been received. Time Filter allows traders to set time preferences for when they want to follow a trader.
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For traders, ZuluTrade has also started to offer VPS for free. The service allows users to upload their EA’s to the VPS for continual trading. The EA’s also automatically appear in the ZuluTrade strategy page where users can follow the trades.
Although ZuluTrade is known more as a signal provider, the platform is becoming more and more like a social trading network. This is a result of the product being based on crowd sourcing of traders to follow along with the website constantly upgrading its comments and forum sections that promotes user interaction between traders.
Side by side comparison of the two sites: http://classic.zulutrade.com/ & http://www.zulutrade.com/
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Pity they don’t say nothing about about the 2 pip markup. It’d be fair if they made this little nuance known to traders. On the front page, in your face. That would make a great makeover.
Their new site really looks impressive.
Site looks good…
However, upon browsing their Traders page, I can see the ranking of the followers, and the 75th best follower is making less than inflation. Does this mean there are only 74 Zulutrade “followers” that are making 3% or more on their money each year?! ( http://zulutrade.com/performance )
@ John, not correct (and if you were a user like me) you would also know that not every account is publicly visible, the users chooses that option. And as well if you click on the ROI/pips earned it sorts down the list like in excel so the profitability changes.
@ the article: the new look and features are really advanced – options like account guard; lock trades and time filter are really helfull and time consuming. My account management have increased quite a lot due to that.
This Zuluguard new feature seems interesting , i wonder how many users will use it. John if you were reffering to the followers tab , i think this tab shows only followers who have their public profiles enabled.
Ilett/Mike: Thanks for clearing that up, I was a bit surprised at the low numbers 😉