ZuluTrade: Automated Crypto Trading and Social Investor Strategies?
ZuluTrade is a platform created in 2007 by Leon Yohai. The platform was created in response to the lack of an online platform where traders could be audited globally.
The intention was also to enable sharing of knowledge with people that were interested in strategies the traders were using.
A Revolutionary Platform
ZuluTrade bridged the gap between important data in money markets and executing a trade. To do this, the platform converted the advice of pro traders around the world into a service that could efficiently execute trades.
Another benefit of the platform is that it offers anyone the ability to drive selected trades to broker accounts for the interested parties. At the heart of it, the platform wants to create an open environment for traders on a global scale so they can share their knowledge.
In 2017, the platform collaborated with Formax Group. The Formax Group was created in 2012 and it is an innovative company with a focus on providing financial services. Both of the two companies have a shared vision of becoming a one-stop destination for the finance world.
They aim to come up with a platform that can meet the investment needs of all in the finance world with customer-focused solutions. At the same time, they want to create one of the biggest social trading communities in the world.
There were various challenges when ZuluTrade was being formed. For one, the auto trading tech at the time would not let multi-account trading. This was mainly down to scaling issues on the broker’s side. The team behind this platform held discussions with various brokers to retool the APIs. In some cases, the platform’s developers had to come up with new APIs. This helped to solve the issue of scalability.
The developed the API for the MT4 platform since there was no API offered by Metaquotes. Besides that, brokers were offering APIs, which did not function most of the time. They reworked the APIs to allow them to handle multiple accounts simultaneously.
The aim of this platform is to offer an environment where traders can connect to any platform globally to share knowledge. At the same time, they earn a commission each time someone utilizes their advice in a live trade.
The platform runs on the ZuluRank algorithm that ranks the traders. It does this by checking various factors like the trading activity, drawdown for each trader and the whole PnL. The algorithm will also check the age of a Trader, the time that the trade remains open, sharp ratio, and many other factors. It then gives the trader a score and they are ranked.
The Affiliate Program
This is quite a simple program to join. All you need to do is create an account and fill in all the details that are needed to enable your account. The signup process is quite easy.
You will then pick the banners, links, and landings ages, which will help you promote CFDs, crypto, Forex, and CopyTrading.
You can then sit back and enjoy a commission via the transparent and tiered revenue sharing program. Commissions are earned daily.