fxmark111 posted:
    I also wanted to share that I am pretty satisfied with the zulutrade platform...demo version's great - where you can straighten your strategy - providers and currency pairs.Great automode option for newbies -you just sets the meter on how much you are willing to risk and then the lots got multiplied for you based on historical performance. Not bad, especially if you don't know much in this area...basically works everything for you - no need to think about the strategy or manual lot calculation...


Good for you. However bear in mind that that it only limits lots per trade and you have no control over the open positions, meaning that even with low lots, if and when the provider changes his strategy or simply messes up, you risk your account being blown up! i experienced this in my demo account, since I wanted to try out the option and for one day results were pretty ugly.. thus immediately switch to the manual.

The idea of Zulutrade is quite interesting but unfortunately not profitable, at least not for me. The reason is that absolutely everybody can become a signal provider. You just have to sign up, make 31 trades and your profile goes online no matter how bad the results.
Since the signal providers get payed per trade most of them have developed certain technics to make as many trades as possible and not as much profit as possible. They close positions with minimal profit just to open the same possition again, they open countless possitions on the same currency pair, or they don't set SL witch often leads to big DDs.
This system probably works for Zulutrade and for the signalproviders but it hardly works for their followers.

   andrewl posted:
   I have to disagree with you.
In order to attract live accounts and keep making those rebates, you HAVE to be a good trader. Either wise, you make a few bucks as a provider for 1-2 months, then you just burn! Live followers are not stupid and will stop following you when you mess up!



I also tend to agree with the statement above. There are quite prominent and a follower easily understands who will bring him/her money. The system is very professional based to show via a comprehensive database of a large pool of signal providers available, thus enabling the viewer to find the signal providers with the best ratio of winning trades; best pip count; average profit per trade;average trade execution time;maximum draw down and number of investors subscribed.

Too high spread. I'm expect profit but I got nothing with this SP.

they says that the service 'FOR FREE', but this is not true I have paid in one month more that $200, I never will work with them any more.