Luno vs ZuluTrade

Luno vs ZuluTrade Comparison Table 2023
Luno Review 2023	ZuluTrade Review 2023
Review 2 Luno is #31 in our crypto broker rankings.	Review 4.1
Traders from US accepted	Traders from US not accepted See available CFD brokers
Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin.	ZuluTrade provides social and copy trading services across forex, indices, stocks, cryptocurrencies, commodities and more. Over 90,000 traders are available to follow and the firm has picked up multiple awards. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius.
Comment by Reviewer
"Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform."	"We recommend ZuluTrade for investors interested in joining one of the world's largest and best-performing social trading networks. The platform is user-friendly and clients can copy trade in a variety of popular financial markets."
Pros
Instant Trade, savings wallets, and crypto transactions supported Third-party proof of reserves audits available to view Transparent fee structure with zero market maker charges Market news, insights and educational content available 'Deep Freeze' multi-signature wallets to store cryptos High liquidity and high-speed platform so the spreads are kept low Simple and easy-to-use interface	Many global affiliate brokers Reliable and easy-to-use mobile app Access to popular cryptocurrencies including Bitcoin Free and fully functioning demo account, perfect for beginners Wide range of performance indicators and graphs to help evaluate traders More than 90,000 traders to follow and copy which could result in greater earnings Users can comment directly on traders’ profile pages, helping to hold traders to account while creating an effective review process Some social trading networks only give you access to the last 50 or 100 traders, but all historical trades are available at ZuluTrade Only view the top traders who comply with stringent criteria, demonstrating consistent and reliable performance
Cons
Very narrow range of cryptos with up to 11 tokens available that varies by jurisdiction Poor payment methods with restrictions in some countries Below average customer support with no live chat or telephone Limited analysis tools and features for seasoned traders Not regulated or insured, raising safety concerns	Some inconsistent traders to be aware of Employing an effective money management system can be difficult for beginners Traders are not formally vetted. The ZuluGuard™ feature does mitigate this risk however, removing traders and/or withholding fees where appropriate
Awards
	Best Social Trading Solution at UF Awards 2022 Best Social Wealth Management Platform at Forex Expo Dubai in October 2022 Best Social Trading Solution Award at iFX EXPO Dubai 2023
Instruments
Crypto	CFDs, Forex, Stocks, Cryptos, Commodities, Indices
Demo Account
No	Yes
Minimum Deposit
£1	Broker Dependant ($100 Minimum Balance)
Trading Platforms
Own	MT4 MT5 ActTrader
Payment Methods
Credit Card Debit Card Wire Transfer	Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
£10	$1
Regulator
	HCMC & General Japan Investment Advisers Association
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
	ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading.
Copy Trading
No	Yes
Copy Trading Platform
	Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. ZuluTrade is one of the top-rated and regulated copy trading platforms globally, with multiple industry awards, an excellent reputation and a suite of risk management tools and real-time analysis features.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Commodities
	Gold Oil Silver
CFD Trading
CFD trading not offered	Invest in traditional and emerging markets in line with your broker's supported CFD assets. Go long or short with leverage. Traders can also utilize technical analysis tools and create Expert Advisors using ZuluScript.
Leverage
	Broker Dependent
FTSE Spread
	Broker dependent
GBPUSD Spread
	Broker dependent
Oil Spread
	Broker dependent
Stocks Spread
	Broker dependent
Forex Trading
Forex trading not offered	Clients can speculate on an extensive list of currencies, dependant on the partner broker. 24/5 customer service is available to support new users. Traders can also practice forex analysis techniques and browse leaders in the free demo account.
GBPUSD Spread
	Broker dependent
EURUSD Spread
	Broker dependent
EURGBP Spread
	Broker dependent
Assets
	500+
Cryptocurrency
Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets.	ZuluTrade works with a range of brokers that deliver trading on a huge range of cryptos. Copy the trades on some of the most popular cryptocurrencies in the world, including Bitcoin and Ethereum and stay up to date with ZuluTrade's integrated crypto news.
Spread
Variable	Broker dependent
Coins
BTC ETH LTC XRP BCH USDC
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
Yes	No

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