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.