The Best Copy Trading USA, eToro Alternative
Looking for a copy trading USA platform that you can use while being a USA resident can be difficult and at times very confusing. Many social trading platforms do not accept US residents. Thus you are probably familiar with this message: “I’m sorry but at the moment we cannot accept customer from the USA”’; or if they do accept US residents they only allow limited access. This article will give you the reason platforms like eToro do not accept US residents, and why Zulutrade is the best alternative. copy trading usa
Why eToro Does Not Accept USA Residents
eToro just like most social trading platforms provides its service using a contract for difference system (CFD). CFD allows you to invest in assets such as stock and forex without having to own the asset itself. A problem arises because over the counter financial instruments, such as CFDs are heavily regulated by the SEC. According to the USA government, this type of investing is too risky and borderline gambling, due to illiquid assets and the ability to use leverage. (copy trading usa)
Zulutrade Is The Best USA eToro Alternative
Zulutrade just like eToro is a social trading platform with thousands of traders and investors; however, unlike eToro it does accept USA residents (copy trading usa). Zulutrade is the only major social trading platform that lets Americans directly follow other traders. Though there are still some restrictions.
- While non-US residents can choose from 10 to 30 platforms, US residents have two choices: Forex.com and FXCM. Both of these brokers work well and will not put you at a disadvantage.
- US residents are restricted to only opening one trade pair at a time because Zulutrade cannot control the trader signals. Which means you should look for a trader who normally opens one trade at a time. If you copy traders with many open positions, your results will differ significantly from the trader you are copying.
We Recommend Going To Zulu4Me
Zulu4me.com are experts on Zulutrade and have been helping investors for years. On their site you can find:
- How to open a real or free Demo Account.
- The Best Traders by respective categories.
- Informative and simple Reviews and Guides.
- The latest and greatest when it comes to Zulutrade information.
Zulutrade: Best Copy trading USA platform.
Start for Free
If you want to experience the platform without risk and for free open a Demo Account. A Demo Account allows you to invest with $100,000 of paper money with no minimum deposit or fee. You also get to be a part of largest network of investors in the world.
- Minimum Deposit: $300 (Account: USD, JPY, EUR, GBP, AUD).
- Markets: Forex, Crypto, CFDs, Commodities.
- Accept clients from the USA
If you have experience, start with Zulutrade using Zulu4me
If you need more information do not hesitate to contact us, it will be a pleasure to assist you.
Remember that you have all the information about copy trading in our sections:
- Platforms: Information of each of the platforms of copy trading. Go to Platforms
- Guides: The best guides on copy trading. Go to Guides
- Reviews: Best reviews on copy trading platforms. Go to Reviews
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Currency trading with leverage implies an important risk for the investor and there is always the possibility of losses. These instruments carry a high risk if they are not managed properly and a profit can quickly become loss as a result of price changes. Due to the risk factor inherent to this type of trade, only funds intended for risk investments should be used. If you do not have extra capital you may be willing to lose, you should not trade in the forex market. It has never been proven that there is any system or portfolio of systems that is completely safe and no one can insure future profits or losses. Before you start trading in the forex market you should think carefully about your goals as an investor, your level as an investor and your risk aversion to determine if this is the type of investment you want to make. If you are in doubt you should seek advice from a professional financial advisor to advise you about the investment.
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