ZuluTrade is a social trading platform. It is the most important copy trading website globally, with tens of thousands of traders to copy. The company allows a minimum deposit of $300 or €250. The minimum amount of $300 allows you to start copying at least three traders.
Depending on the deposit method, it can take anywhere from 10mins to 7 business days for a deposit. The company offers the fastest transactions 24/5 during working hours. It does not charge any fees for deposits.
Read: Zulutrade review
Your base currency is always the one that you already have chosen with your broker. Once it’s set, any deposit you make from anywhere in the world will be converted to the account’s default currency.
For example, you live in UAE, your account’s default currency is USD. When you deposit any dirhams from your desired payment method, you get a converted amount of USD. Keep in mind that the current conversion rate on currencies is applied while depositing. So checking the conversion rate from your local currency to the account’s currency before making a deposit may be a good idea.
One thing to note is ZuluTrade supports specific base currencies for each currency. Here is a list of the brokers, minimum deposits required, trading platforms, and supported base currencies:
To start trading and copying Traders with a real money account, ZuluTrade offers two types of accounts:
Profit Sharing Account:
- $30 monthly subscription + 25% share of profits
- Zero trading commissions*
- Recommended for hands-off Investors
- Standard volume-based commissions
- Manual or fully customized copy-trading
- Recommended for advanced users
Please note that the minimum deposit remains the same for each account as defined early for the broker.
Payment methods vary based on the broker the trader uses but include:
- Bank wire transfer
- Credit/Debit Cards
1. Bank Transfers
If you want to use bank transfers to deposit or withdraw, you can use a wire transfer from your bank. Brokers usually accept wire transfers as a deposit option. This deposit option is available since your broker account is connected to ZuluTrade.
2. Credit/Debit Cards
Deposit methods are dependent on the broker you choose for your ZuluTrade account. In general, the majority of brokers allow both credit and debit card deposits
3. Alternatives (E-wallets)
Please note that the broker determines the time it takes to deposit, fees, and other expenses.
How to Deposit
You need to open and activate an account with a broker from the provided list and provide proof of identity and residence to activate your account.
1. Proof of Identity
The broker usually demands a photo of both sides of your:
- National ID
- Driver’s License
2. Proof of Address (POA)
The broker accepts one of the following documents as proof of residence or address:
- bank statement
- utility bill
- mortgage statement
- credit card statement
Here is how you can deposit funds in your broker’s trading account by following these easy steps:
- Log in to your trading account
- Go to “Funding.”
- Click “Add Funds.”
- Enter the amount you wish to deposit
- Select Payment Method and Fill in the required details
- After following instructions carefully, confirm your deposit
Note that the time required to see the deposited amount in your account depends on the payment methods.
Sign up Bonuses
Again ZuluTrade may provide a signup bonus, depending on the broker you choose to join with and your location/jurisdiction. Such bonuses are not available to traders in the EU, the United Kingdom, and a few other countries for regulatory reasons.