Etoro CopyTrader Vs ZuluTrade

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eToro’s CopyTrader, and ZuluTrade, are the two main contenders in the sphere of copytrading, so it is inevitable that comparisons will arise. This article looks at several factors that may help new traders decide which of the two to go with.

It is impossible to really recommend one trading platform over another, as everyone has different needs and expectations when it comes to currency and/or commodities trading. So the sections below cover comparisons of areas that most traders will consider, although not absolutely every facet, as that would be an article of biblical proportions.

Overall ZuluTrade does offer more control, and eToro perhaps more ‘built in protection’/ease of use for the beginner. But, lets have a look in more detail:

User Interface

Both have a web browser platform. eToro’s is way more ‘slick’, and very user friendly. ZuluTrade’s looks a bit more outdated, however, are we talking about about content vs style here? I hope not, in this game, content has got to win every time. So, lets look at the ‘content’.

Lot Sizes

On CopyTrader, there is no real control over lost sizes (yet). At the moment your trades are copied proportionally to your account (more details here). You do have partial control over the ‘trading stake’ by deciding on the amount of your account to allocate to a trader, however, that is about as far as it goes.

On ZuluTrade however, you can decide on exactly what lot sizes you would like to allocate to individual traders (funds in your account permitting of course!).

Being able to set your own lot sizes may to a more profitable trading experience if you’ve selected the ‘right signal providers’ for you and have grasped how to apply the right advanced settings. Or conversely, being able to control lot sizes could be the kiss of death for a new trader on a live account if the don’t know what they are doing.

Ultimately, IMO, the opportunity of control is definitely advantageous, it just needs a bit more care and attention being paid to what you are doing.

Risk (Stop Loss / Take Profit)

Both platforms give you the opportunity to set stop loss and take profit limits on open trades. Zulu gives the further option of defining limits to a given trader prior to the opening of trades. One point here is that for the beginner, one of the advantages of having the limits set for them by the original trader is that they will/should have more experience, and by setting their own, but a newbie may be setting their own without sound knowledge of why the trade was opened.

Having said that, I have noticed on Zulu on occasion that the ‘signal provider’ has not set a stop loss at all, and that is potentially a very dangerous situation. If you use the ‘Alchemy’ tab on ZuluTrade, you can copy other ‘successful’ copytraders’ stop/profit settings automatically to your account for their chosen signal providers.


Obviously eToro charge you for trading on the ‘spread’, but there is no charge on top of this for using the copytrading service – you pay the same spread as for a manual trade.

Zulutrade do charge 1 pip per copied trade on top of your Broker’s spread. (Although there is no ‘standing charge’, so you only ‘pay when you play’).

Demo Accounts

eToro allow one demo account per email, and my ones have been going for months.

Zulutrade will allow ten accounts per email although they only last for one month each.

Trading History

The CopyTrader history does not have much legacy. This may be due to the software, but if you want to record all your trades from the beginning then it is a bit of a pain. The software appears to store roughly 50 transactions both of ‘all traders’, and the individual traders’, and this is not a lot. You can take screen dumps of your trades, but you can’t cut and paste from the trading history screen as it runs on ‘Flash’.

ZuluTrader’s history appears to have no legacy limits, and better than that, there is the option to download all the data to an Excel file.

eToro does also offer the ‘CopyTrader View’, which shows current profit and loss by trader, although again this also does not go back ‘all the way’. ZuluTrade’s Excel function will allow you to do this as long as you have some knowledge of Excel (e.g. creating filters/basic formulas – failing that, you can simply get out your calculator and do it manually).


Both platforms offer support via telephone, email or live chat. Live chat on both has been OK, although I was once referred to FAQs by eToro chat, which was kind of annoying although other times my questions have been answered, although subject to ‘flicking through manuals lag’, which is a common element of the majority of chat support on all platforms.

Other Trading Features


Both have charts, although eToro’s opens in a new window, which is a small advantage, and for scalpers (manual trading), it’s nice to see the movement indicators.


Both have daily analysis, although ZuluTrade’s Calendar is great, it lists ‘Upcoming events’ by time, again another useful too for scalpers (not copytraders).


As noted, one platform cannot be recommended over the other. However, eToro is perhaps more suited to those with no previous Forex/commodities experience, and Zulutrade better suited to those with a bit more experience who are willing to put in the time to make full use of the more extensive options available.

Whether beginner or a bit more experienced, you could simply hedge your bets and go for a demo account with both.

Try the Zulu Demo here, and try the eToro demo here.

8 thoughts on “Etoro CopyTrader Vs ZuluTrade”

  1. Very nice blog and very interesting to those who are trading by copying other traders like me. I’m a zulu user for quite a long time now and my best tip is to evaluate each provider wisely before putting them into your portfolio. Dont just use the zulu ranking , zulu ranking is changing every day , every stat of a provider may trigger negatively your account. About etoro i dont know much. Could you please get a review about mirror trader of tradency? I see it on many brokers but from the first looks of the software (its flash build) i can’t say i was impressed.

    1. Thanks. I’m not sure how useful rankings are, I think it depends on what they are based on, and as you say, each signal provider should be properly assessed before blindly adding them to your portfolio. Mirror Trader testing is my next project. I agree with you about the graphics, I looked the other day and the first impression was that it was awful, but, I think that what it actually does is far more important than how it looks. Software programmers can handle functions very well, but often they don’t test for what users think of what java programmers refer to as to as the ‘look and feel’. (eToro have got the aesthetics spot on IMO)

  2. Excellent! I will await your next post about mirror trader and how does it compares to zulutrade.

  3. Very nice comparison !!!
    Just let me clear one misuderstanding – zulutrade does not charge for using the services it is the broker that adds up the extra charge and this varies among brokers – eg. AAAfx no commisions to 2.5 pips with saxo.

    1. Hello Tye, thanks very much for the feedback. I’ll have to dig deeper into this, as I spoke to one of their representatives the other day, and was told it was the them who add the extra pip, on top of the original broker’s spread (not a huge issue who charges it, but I like to be exact). Yes you are right AAAfx don’t charge, as to my knowledge they are part of the same company as ZuluTrade, and AAAFX is their brokerage end of the business – which is why they are able to offer more competitive spreads when copy-trading via ZuluTrade.

  4. I have found your post excellent and helpful especially for newbie traders like me who want to copy trades of other traders.But I am still confused about which trader to copy as you have underlined that it is important in copy trading.Can you please explain it further for me please?

    Thank you sir.

    1. Hi MIlikyas, I haven’t found a ‘magic bullet’ and I doubt that there is one formula that works for everyone (we all have different risk appetite etc). A conservative trader will choose drawdown as the most important factor, others will choose profit over time. IMO one way to do it is to open a demo account and learn by experience without losing money, but please note that there will be a psychological difference when you change to trading with real money – not the same for everyone, but something to at least be aware of.

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