Zulutrade review from a real trader!
Making profits on Forex can be very difficult for someone who does not have in depth knowledge of the intricate mechanisms that govern the rise and fall of global currencies.
In this case if you want to take advantage of the opportunities that forex has to offer it would be advisable to try a forex auto trading service and Zulutrade is for me the best and most reliable choice.
Zulutrade Review – So What Zulutrade Auto trading Service Is?
ZuluTrade is a platform that offers forex trading signals from real traders (not robots) where you can choose which signal provider (real human trader) you want to follow based on their trading history with real live data (including spreads and even slippage of their followers) not just back tested. Additionally you can see how many followers has each signal provider and how much money he/she manages.
The process of trading on Zulutrade
The process of following these signals is automated, they called it peer to peer auto trading which means that when a signal provider makes a trade the same thing happens to your own account (of course you can set specific parameters for each signal provider which means that you can have a limit to the orders you accept or set your own stop loss and take profit for each trade).
What is The Cost of Using Zulutrade Auto trading Platform
Zulutrade is actually a free service so you don’t have to pay anything to open a live account.
You may wonder how Zulutrade makes money.
The answer is simple, to open a live account on Zulutrade you have to open an account with a broker thru Zulutrade (most reputable and popular brokers are available) so when you trade through their auto trading platform, zulutrade gets a rebate which means that they take a part of the money your broker gets on each trade, it’s a win win situation for everyone.
Forex Trading is Not a Game Even if You Use an Autotrading Service Like Zulutrade
You should always remember that trading on Forex (actually at any financial market) is risky and the least you have to do if you want to take advantage of Zulutrade auto trading service is to make a research and find out the best signal providers that fit to your own trading style.
How to Choose a Zulutrade Signal Provider?
There are more than 20,000 Signal providers on Zulutrade so you certainly have a lot of options to find which signal providers fit your trading style better. To choose from all these signals providers the ones that are the best for you, Zulutrade uses a ranking system based on their own algorithm but in order to make your own research they give you plenty of data for each signal provider, below is an overview of these data…
Profits Over time: You can see how many pips each signal provider has gained over time.
Trades: This is the number of closed trades each signal provider has executed through his/her trading history
Average pips/trade: This is the average number of pips earned or lost per trade
Winning Trades Percentage: It’s actually the percentage of winning trades of each signal provider
Average Trade Time: This is the average trading time per trade
Running Weeks: The number of weeks the provider is trading
Maximum Draw down: This is the maximum drawdown through the trading history of a signal provider in pips and as a percentage to the total profits
Worst Trade: The worst trade in Pips
Best Trade: The best trade in Pips
Max Open Trades: This is number refers to the maximum open trades in the trading history of each signal provider
ROI: This is the ratio of money gained or lost on this account relative to the amount of money invested annualized
Followers: The number of Zulutrade users who follow the trading signals of each signal provider
Necessary Minimum Equity: This is the number of minimum capital you need to have in your account based on the trading history of the signal provider in order to minimize your risk
Amount Following: The total balance of Live accounts (real money) following each signal provider
Additionally zulutrade provides a variety of graphs where you can see the monthly profit or loss of each signal provider, their monthly trading volume, drawdown through time, their followers slippage with a comparison of all the brokers, the currency pairs they trade and the feedback of zulutrade users who have followed this signal provider.
I would suggest you after you choose the signal providers who fits your trading style (you can choose to receive trades from multiple signal providers) and before you start trading thru them to a make a research and see what is the slippage of other traders who follow those signal providers based on their forex brokers (they give that kind of data for each signal provider).
When you finish your research and you find out which broker has the less slippage for these signal providers you can open an account to this broker thru them (most reputable brokers have partner with them) this will minimize the difference to the performance of your account and the signal provider’s.
(Tip: Zulutrade has its own broker AAAfx which is fully integrated into Zulutrade which means that there are no delays on the execution of your signal providers signals to your account. This means more profit and less slippage because prices can change so fast that every second can mean earning $ 1 or $ 100 profit depending on your capital. Additionally they will give you a 10% bonus on your initial deposit.)
Being an economist and a professional forex trader the last 5 years I have used ZuluTrade for more than one year and a half and I have really made a lot of profits thru them, even though I still execute manual trades it has significantly reduce the risk of trading for me since having your eggs in different baskets reduce the anxiety of trading and the mistakes caused by emotions.
You can check Zulutrade to see how easy it is to use and how much profits you could make by opening a free demo account you have nothing to lose.
Below is a video with a Zulutrade review where you can see how this unique free auto trading service works…
(A review From www.WealthSecrets.com)
Informative and helpful post, thanks for sharing ,keep up the good work.
good review, i will try out…
Zulu is a great concept! You just need to do proper money management to be successful!
Thanks for the review
When we talk about autotrading forex we talk about zulutrade! There is no better platform out there for this! They keep improving their service constantly. Very good presentation of charts/statistics/performance. Choose a broker smartly and you will have no slippage (check the chart!). Autotrading = zulutrade 🙂
ZuluTrade is a platform that brings together forex signal providers from around the world and monitor their performance in detail to allow traders to trade the signals generated from any provider.
Zulu is just awesome!
Informative and helpful post
I used Zulu trade in the earlier days, the website and facillities today are some much more advanced.
I have used “advanced search” to pick up new Sps and Alchemy to get inspired from other users portfolios. Think that these are great additions from zulu.
You’ve got great insights about forex trading review, keep up the good work!
Another trader recently recommended Zulu trade to me because i have developed my own trading signals for MT4 and now combine it with my E.A. So, I am wondering how I can get on-board with Zulu trade…??? and
Doesn’t the FXCM UK now prohibit hedging by US traders? We’re limited to 50:1 …so I’m told. However, I recently can across another company that takes on US Traders at 500:1. Must verify with NFA I suppose but, if you know please share…
Zulu Trade to a great tool for newbies to help them to learn from experienced traders…
Great in-depth review! I’ve read a lot of reviews about Zulu! I heard it’s good for both newbies and experienced traders. I think it’s time to try it out myself…
Zulu has been increasing its popularity these days. I’ve read a bunch of good reviews about Zulu. I’m going to try this out…
It looks interesting ha for ZULU you’ve been increasing your popularity now a days keep up the good work may the god bless you.
@HAZEL. Maybe ZULU was increasing his popularity as soon as possible now a days so lets help and pray to the holy mighty for his work.
One of the best that we can get better profit is Financial Services!
I think Mr Leon and Kostas made the right decision to invest!
Nice! Thanks for sharing about the zulutrade.
Zulutrade is really awesome. Thanks for sharing.
This is definitely a great review.I’m glad that i found this post.
Good video. I have been hearing good things about Zulu for a while.
I have nothing against Zulutrade but my passion is MT4 trading.
Nice Review Kostas. I never heard about this :).
Thanks for sharing this with us.
Hi Amit, thanks for your comment, zulutrade it’s really a unique platform and a great way to invest your money even if you have a small capital. Of course forex trading (like any kind of trading on financial markets) is very risky so you should always make your own research and choose your signal providers wisely…
some insight and more
This is in response to a number of comments on this thread regarding just look at the rankings and where are these commission rules.
We are a new SP on Zulu trade and it is a complicated animal. What you have to remember is that traders are compensated for trading. Zulu trade is compensated for trading. If someone is not pulling the trigger no one is making money.
They are very unspecific about how they calculate the rankings and have some secret formula this is more complicated then the theory of relativity.
Traders that hold their trades are punished by the Zulu ranking formula up to 25% lower. Traders can also improve their ranking by 25% by posting a you tube video of their strategy. It used to be you ranked higher the more money you had following you because they wanted SP’s to promote the site. If you take less trades Zulu makes less money and no one is in this to not make money. Not you the investor,me the trader or Zulu. In a perfect world we all make money. Which brings me to the next topic the commition rules.
If a trader does not show a profit at the end of the month they don’t get their portion of the commission. I don’t disagree with this policy in fact I actually like it. Zulu trade however keeps the money they do not refund to the follower. This approach is great in theory but….. has some problems. .
1) If a SP is up for the month they will most likely stop trading towards the end to make sure they get the commission. What’s wrong with that you might ask. Well….. remember the SP is not paid on the profit or just the profitable trades they are paid when they show positive pips for the month. so take this scenario into account. I make 500 pips in the first 2 weeks of the month. and you decide to follow me. I have a horrible 3rd week and give back 450 pips. I stop trading for the month and walk away with my commission you are down 450 pips Zulu got money I got money and anyone who was with me the first 2 weeks made money. See the problem. In my view traders should get a commies only if they don’t fall below a water mark based on the previous week. Similar to how hedge funds do it only they do it monthly or quarterly.
There are good traders on the site. There are bad traders. Just like the real world of investing due diligence pays off. Those that checked Bernie Madoff out didn’t get burned those that trusted him and did not bother to ask questions or dig deep lost it all. The hard truth is you need to do some research. Rankings can deceive
Here is my example of a ranking comparison. It uses me against the top 4 ranked traders on Zulu. I hope you will find it insightful and can maybe build off it as a model to find a trader. Dig and you will find. ranking by numbers however isn’t really a very good indicator of who is good who is not etc.
We have over 10 years trading experience in the forex market. We developed our own indicators based on traditional technical analysis rules. Our full system or method is explained in our video on our page which can be found here:
ZuluTrade – Signal Provider Performance – tradetheladders
We may not be the “sexy” pick since we don’t have huge winning trades but we also don’t make followers suffer thru massive draw downs only to gain 10 pips after its all said and done. We just don’t believe that’s smart investing. After all isn’t that what this is all about, growing your capital? We will have loses its a fact of life.
We don’t trade huge lots we have a MM system that calls for a max leverage of .10 per $1000 and prefer .05 per thousand. The premise to this is simple, if the average loss is 30 pips we can be wrong 33 times before blowing up an account at max leverage, and 66 times at preferred. If we are wrong that many times in a row we don’t deserve to be trading and need to find another career.
Our MM system also calls to increase the leverage as the account grows accordingly.
Since our time on Zulu we have looked at a number of the top traders and while yes our time is short and our track record short we feel we have a number of advantages over the other traders. For sake of argument we will compare ourselves to the top 4.
It should be noted that we are not saying they are bad traders just observations of risk to capital where we believe it could be avoided. None the less these traders have produced positive pips and that should be accounted for the flip side at what cost to the follower. Anyway here we go:
We have an actual system that we explain in great detail. Does your current SP do this? Do you understand the system and how it performs, is it a logical approach to trading, and do you understand that logic? Is it a system or just a description of the way they trade or a MM suggestion of what to leverage.
Take for example the #1 trader. Would you say that he is accurately describing his method and system? He mentions max stop loss at 100 pips but no recommendations for leverage. He also did not follow that rule as his largest loss is 240 pips 1.5 times the amount he said he would take. As this post is written he is currently down 112 pips? So is he a trader trading for the betterment of his followers or a trader who trades for commission?
He has also blown up 1 account, at one point a follower had to beg him to stop buying the Euro and asked him to take a short as it was the more logical position to have, again are the trades logical.
Trader # 2 of the top 5 I am not really sure what the system is here. It looks to be hedging a broader daily range. He mentions Fibonacci as entry points but they don’t match up with his entry or exits. None the less current positions down over 800 pips. To his/her credit they do mention major losses and suggest micro lots but again break the rules when they say most positions will be closed at days end. Currently most have been open since we joined the service 2 weeks ago.
He has also blown up 3 accounts to date.
Trader # 3 Recently cracked the Top 5 his strategy it sounds like is to take a 30 pip loss and target at least 50 pips a good win loss ratio in theory however they rarely work see our other posts under “bull bears stop losses” for a reason why. This is another example of a trader who doesn’t do what he says he will do. His current positions are down 800 pips and there are only 4 trades on.
Trader #4 As of this writing is down 300 pips on 2 of them he is targeting 30 pips but has losses of 78 and 80 pips so far. His style per his description is trend trading off 1 hr 15 minute and 4 hour his current positions are to sell Sterling( GBP/USD). He entered these trades on the 18th and 19th. We agree with his logic to sell based on what the 4 hour chart shows (clearly a down trend) but he sold after it had broken the 50 retracement and established support at the 38. That could be a sign of a possible range between the 2.
If one looks at the 15 minute charts the pair has been in an uptrend since the 13th of July and the 1 hour has a steep uptrend. So using a trend system wouldn’t one want to wait for reversals on the lower time frames as the trades are now they are counter trend to 2 of his 3 requirements to take a trade.
He also has loses of 80 pips and 78 pips as this is written and targets of 30 pips this is 2-1 in reverse again not what he says he will do.
Trade# 4 also suggests 1.2 standard lots per 10k. So given that leverage suggestion as this is written if you are following the recommendations a follower has almost a 50% percent draw down on their 10k account. Again he also has blown out accounts,,,,, 4 to date.
I think you get the idea. Are we better? Well we certainly hope so and time will tell. We can tell you this, seldom will you have a 100 pip loss and at the max leverage this would be 10% of account value. We suggest emergency stops of 50 pips which produces a max loss at full leverage of 5% and at preferred only 2.5%. When one considers that most of the majors have a daily range of about 100 pips The likely hood is that we will suffer a 50 pip loss more then 100. None the less we have had a couple trades go to 56 and 65 one the fill wasn’t hit. It will happen which is why MM is part of our system.
We hope you will compare our trading style to the top 4 and those you are currently following if some of the question we have asked or pointed out are true maybe its time to consider a move to another provider.
You don’t need to over leverage or have huge wins to have steady growth in an account. For example. We are leveraging based off an initial account balance of $3K at .07 per pip and trade up to 5 pairs at a time. Its modest but in just 2.5 weeks we have gained $199.00 US dollars and 286 pips We are on track for a gain of 40% this month. Maybe its not mind blowing awesome but we aren’t negative 300, 600 or 800 pips either.
In closing picking a trader to help you succeed should be done with research. Its amazing but I would bet that most people in the forex market who struggle spend more time looking for the best price and deal on a car then they do looking for a qualified signal provider, system or trader.
Thanks so much for reading let us know what you think how we can help or just say hi
I read your article and now it looks to me that chosing a provider from 5 top ranking providers Zulu would be a mistake . I am new to this game , I want to open an account but who am I supposed to chose, if they make so many mistakes ? Give me some advise please !My email : rexdale@seznam.cz
You should check the new Zulutrade website , the’ve released it some days ago and i think it looks great. There are new features as well , like zuluguard for protecting your trading account.
Followers blame zulutrade when losing money, hey, u deserve that! Blame urself b4 others!
U see, most followers are stupid, never learned, never do home work, all they do is >>pump in money, follow top ranking SP, hoping beautiful future, that’s ALL.****. Jan 2013, presence, see what happended to previous no.1 ranker denganyouqianle and previous top2: TradeGuru, ppl yelling at them at moment I see zulutrade webpage, for dragging thousand pips DD without stop, keep on adding position beyond promised…. These SP don’t reply, no response, some don’t speak English….
U know how human ancestors survive? They speared fish at river, each spear they got fish, scared the others, swim away…. But after sometime, these fish forget, they came back to the place where many got speared, and human spear them again, repeating each day…..
Same to these followers, when SP doing good(even with no stop), they applaud :” wow, good SP, good job….blabla”
When SP ruining their account, they yell:”Bad SP, why u doing this? U making me lose money….blabla”
If luck still good, these bad trades survive and comeback with some profit, these pity followers applaud again : Nice, good job, I trust u” These happened day by day, so why these SP care? Why they need to response to followers?? U ever see a spearman response to fish in river?
ZuluTrade is a great service and I think your right in stressing that its not a game. I have always found that picking the right mix of signal providers is the key to sucessfully using the ZuluTrade platform. I feel its more complex than just taking a look at the rankings displayed on the main page, which sometimes don’t give a very accurate picture of how good each signal provider is. You do a pretty good job of outlining some of the key factors that traders should take into account when picking a signal provider. I agree that those who are interested should try out the free demo account.
What an insightful website! I found this article very helpful. After reading your review, I will definitely check out Zulutrade, and their new website!
I agree that those who are interested should try out the free demo account.