The NFA has filed a complaint against ZuluTrade and its CEO for failure to maintain minimum net capital, to implement the firm's AML program and to adequately supervise its employees, agents, and operations. The ZuluTrade Platform bridged the gap between valuable information in money markets and trade execution by converting the advice of some of the most professional and talented traders globally, to a service which can rapidly execute trades.
An additional advantage of the Platform is that it provides the ability and ease of driving selected trades to broker accounts of the interested parties.
The concept of ZuluTrade is to offer an open environment, where traders on a global-level can connect any trading platform and share their knowledge. My business partner has a traders account in zulu and he showed it to me , now i follow his trading along with other traders and for now the results are generally good. This service is designed and works well for people like me who are not forex experts. Best fx-site that i've seen. All the tools for finding good strategies are there.
Customer support is excellent. Dear Bravewildheart, First of all we would like to thank you for using zulutrade. Your comments and suggestions have been taken into account. We would like to inform you, that your request regarding the auto activation of a signal provider is under development and it is planned to be released with our new version of the zulutrade website. This may not give a large growth to smaller accounts, but it is much safer.
Regarding the alchemy, please refer to some examples of successful traders below, which traded using signal providers and have low margin call o meter. Please contact support zulutrade. Kind regards, The ZuluTrade Team. I am totally happy with this service - for the two years trading with the platform, I managed to make enough to send my son to college. Good job signal providers and Zulutrade for giving me success, I could never otherwise achieve.
The new rule has lots of fans but apparently some enemies too. We always encourage users to be critical of our services and this has proved a key factor of our success.
Some of the comments written below are misleading and irrelevant to our services. We ask all users to contact customer support immediately if they experience any kind of issue related to our services. The Zulutrade community is growing constantly and we thank all users for their contribution. I was 3 weeks on vacation this month and left my account not watched.
Not only it is positive when I now opened it, but with my old chosen SPs I am winning too! Many times thank you - great service! Forex is easier when you copy others. I thank every trader in zulutrade that made me money. Please continue to raise my pips! Zulutrade is a scam. It doesn't pay you if you're a provider for months. If in the meantime you have a losing month it will reject your payments and instead, it will take your commission and adds it to their revenue.
In short you have to wait for months to get your portion of the commission and if you had a bad month loeon yohai will steal your commission. You will never see the money. This is my last and final rating for Zulutrade after 18 months of trading with Zulutrade and trying my best to make it profitable. In The past 18 months have I tried every scenario I could possibly think of.
I tried various stop loss settings, multiple accounts, accounts with one SP and accounts with 10 SP. To prove this to yourself do the following: Open any signal provider that have a lot of comment posts, high ranking or low, good post or bad. Open the profiles of the followers that comment and share their profile. See if you could find any that are in profit for longer than 3 months. Make your own conclusion.
If you look at their profiles you would also see that most of them made their profits from manual trades. Here are some of my public profiles: Zulutrade made sense to me all the time and I believed that if I could only find that one successful Signal Provider, I would make a profit in the long run. The same scenario happened over and over again. You would find a SP that have a good performance record, sometimes longer than a year or two. You could be lucky and make a profit for a month or three and then out of the blue the SP would destroy the account.
I am beginning to wonder if they get paid by Zulutrade to destroy their accounts. I have heard and read that a lot of Brokers are betting against their customers to make profits for themselves. For some reason Zulutrade fail to try and protect the traders capital. The following post was made on Zulutrades Forum to help protect capital with no action: I came to the conclusion recently that it is impossible to make any money with ZuluTrade.
Out of every 5 - 6 SP I choose 1 will change its trading behavior in the next 4 weeks and I will experience huge losses. It is unavoidable, unstoppable and uncontrollable. Even if I pick them from your top 20 rank. Samson Forrex Signals was my latest loss, without an e-mail from ZuluTrade warning me the change in behavior.
I presume most traders use the max draw-down in pips in relation to their pips in profit to choose a SP. If a SP max draw-down is pips and it is an above average SP, u could expect an average monthly return of pips. I presume u use these factors in your raking and in determining the min equity required.
The loss is usually 5 — 10 times the expected monthly return, which usually wipe out all the other 5 SP's profit for a month and more.
This proses repeats itself. If you could please give us an option to set the max allowable draw-down on a SP on our account. For example pips and if that is reached close all open trades for specific SP and disable SP. The advantages are as follow: We can control our exact loss to say 2 months profit or 2 other SP profit and at least end up with some profit.
If a SP know that he could lose most of his followers in a second as we lose money they would be extra careful. We can go on holiday for a week and relax and know on worst case scenario we would have less SP that trade, but the best one's are going strong. Please make ZuluTrade workable for us. But I would just like to caution that I have learned very expensive lessons through the unnecessary loss of capital due to misrepresentation of historic data on the Zulutrade platform, specifically the Backtest.
This is my four month performance: I close my summer trading positive PnL: Live discussion Join live discussion of ZuluTrade. Video Your company video here? Let other traders know if this service is worth checking or should be avoided. Page 18 ofMore...