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ZuluTrade vs Smart Prime FX

ZuluTrade vs Smart Prime FX Comparison Table 2024
ZuluTrade Smart Prime FX
Review
3.1
Smart Prime FX has closed.

ZuluTrade is a renowned social-wealth management platform that allows investors to trade by copying the trades of experienced traders, also known as leaders. This award-winning platform supports social trading and copy trading across multiple assets and has a network of more than 90,000 Leaders and 1,000+ brokers. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius.

Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.

Comment by Reviewer
"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
  • First and oldest copy trading platform
  • A vibrant social community of traders to connect, share, learn and grow
  • 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 leaders
  • More than 90,000 leaders to follow and copy which could result in greater earnings
  • Investors can comment directly on leaders’ profile pages
  • Only view the top leaders who comply with stringent criteria, demonstrating consistent and reliable performance
  • Broker and Platform Agnostic, which means that users can enjoy the freedom of choice across a variety of brokers, markets and trading platforms
Cons
  • Some inconsistent leaders to be aware of
  • Employing an effective money management system can be difficult for beginners
  • Leaders are not formally vetted. The ZuluGuardTM feature does mitigate this risk, however, by automatically removing a leader when detecting a trading strategy has deviated from its expected loss profile
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
  • Best Wealth Management Platform Africa Awards at FAME Awards 2023
  • Best Social Trading Solution at UF Awards APAC 2023Best Social Trading Solution at UF Awards Global 2023 in Cyprus
Instruments
CFDs; Forex, Stocks, Cryptos, Commodities, Indices Forex, CFDs, indices, commodities
Demo Account
Yes Yes
Minimum Deposit
Broker Dependant $25,000
Trading Platforms
  • X Open Hub
  • Match-Trader
  • MT4
  • MT5
  • ActTrader
  • MT4
Payment Methods
Investors - Broker-Dependent. Leaders - Bank Transfer, PayPal, Cryptos
Minimum Trade
$1 0.01 Lots
Regulator
HCMC in EU, FSA in Japan, FSC in Mauritius, FSCA in South Africa
Margin Trading
Yes No
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 Yes
Auto Trading
ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading. Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
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
Yes No
Trade Signals
Yes Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Commodities
CFD Trading
CFD trading not offered Start trading on the financial markets with leveraged CFDs.
Leverage
Broker Dependent 1:100 (Retail), 1:200 (Pro)
FTSE Spread
Broker dependent Floating
GBPUSD Spread
Broker dependent 1
Oil Spread
Broker dependent N/A
Stocks Spread
Broker dependent Variable
Forex Trading
In the realm of Forex CFDs, ZuluTrade offers access to an extensive selection of currency pairs, enabling traders to engage in the exciting world of currency exchange with ease and flexibility. Trade the most active currency pairs at Smart Prime FX.
GBPUSD Spread
Broker dependent 1
EURUSD Spread
Broker dependent 8
EURGBP Spread
Broker dependent 1
Assets
Broker dependent 10+
Cryptocurrency
ZuluTrade supports Crypto CFDs, making it possible for traders to speculate on the price movements of cryptocurrencies like Bitcoin and Ethereum. This feature allows traders to participate in the cryptocurrency market without owning the underlying assets. Crypto trading not offered
Spread
Broker dependent
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Smart Prime FX has closed.
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