Conventionally, if you wanted to trade third-party Forex signals you were limited to independent services, whereby you would be required to sign up and pay for every forex system provider you wished to use. It could get quite costly if you wanted to build a portfolio of signal providers for your trading account.

Well, that was then and this is now. In 2007, a little service known as Zulutrade made its presence known to the forex world, offering unprecedented opportunities for novice and professional traders alike. In this Zulutrade review, we will discuss what makes this service so unique and how it could open the door for virtually unlimited trading possibilities for potential users.

Zulutrade works like this: Third-party signal providers can sign up to provide their trading signals to traders who have signed up for either demo or live accounts. Anyone can join as a signal provider and create a system within Zulutrade. After the provider is approved by the company their system is made viewable to the public on their website. If you join up as a trader, you will then be able to access all of the approved systems on Zulutrade.

As briefly mentioned, you can sign up for a free demo account, where you can trade the systems on a demo account, or you can choose to open a live trading account with real money. Either way, when you add a signal provider to your account, you will be able to automatically have trades placed in your account instantaneously when the signal provider places trades.

You have at your disposal a whole array of customizable settings including the ability to change the lot size per trade, switch certain currency pairs on or off, set a custom stop loss, trailing stop and target profit level, set the maximum open trades total or per currency pair, and much much more. Zulutrade give you a lot of flexibility and options for money management both for your entire portfolio of providers and also for individual providers within your portfolio.

The real power of this service is found in the ability for traders to add as many signal providers as they choose, as long as their accounts are large enough to be able to properly trade them. Zulutrade offers a little tool called a “margin meter” which tells you how much room you have in your account before the risk is to great that a margin call would be reached. This allows you to calculate the potential risk for each provider, based on your account size and the customized settings you have chosen.

Of course, not all signal providers are created equal, and this is certainly the case with Zulutrade, as anyone can join to be a provider and create a system that can be subscribed to. The main purpose of this Zulutrade review is to focus solely on the service itself and not on the individual signal providers, which would each require a separate review to properly assess their performance.

To get the best out of the service, careful study of each systems trading strategy and past performance is recommended. Your success is very much dependent on the systems you choose to add to your portfolio and your use of proper money management. Fortunately, Zulutrade makes this process simple by providing performance statistics for each and every system. You can view all the past closed trades as well as easily see the current equity curve, the pips profit/loss the system is in since inception, the maximum open trade draw-down that was hit, the amount of current subscribers, and many other helpful stats.

Everything is literally at your fingertips, allowing you to find the best forex signal providers to make up your portfolio. You can add and remove the providers instantaneously and have the changed reflect in your account in real-time. Other options allow you to manually open or close any trades you desire, rate, write and read reviews for each provider, view your personal account trading records, and much more.

In summary, our review of Zulutrade has found this service to be a very innovative and exciting option for people desiring to increase the diversification of their trading capital, and access literally hundreds of different automated trading systems without paying any system fees.

That’s right, the cost to join Zulutrade is absolutely free. The company and the signal providers get a small compensation on a per trade basis, directly from the broker, through the bid/ask spread. This allows the trader to access any amount of systems without paying subscription fees, while still providing necessary commissions to Zulutrade and the providers for the services they are making available.

Whether you are a seasoned trader or a complete beginner who has never trade Forex, Zulutrade is a service that can cater to almost anyone. The technology, flexibility, convenience, and feature-rich options make Zulutrade a very attractive service for anyone interested in Forex trading. If anything, it is definitely worth a closer look in your search for the ideal trading service.

To open a free demo account and start testing signal providers today click the link below:

Open a Free Demo Account at Zulutrade Now

For more information on this service, including more in-depth Zulutrade reviews, up-to-date signal provider recommendations and more, visit the Zulutrade section of our blog.