ZuluTrade.com Scam or No Scam?
November 17, 2009
Please be advised, I made this post years ago and the information understandably has become outdated, so you need to do your own researching on the current best signal providers to follow on ZULUTRADE.
The question here is ZuluTrade.com a scam outright, or is it a website thT WILL TURN YOU INTO A PROFITABLE TRADER.
The truth of the matter is, Zulu Trader itself is not a scam, even though this website must make its creators millions of dollars each year, it really can make anyone who wishes to trade with them a success, if and only if you can find a successful signal provider whose signals you can follow.
Therein lies my concern that ZuluTrade.com is not a scam, but is filled with “scammers” in the sense that these so called signal providers have no business being in charge of their own money in this market let alone ours.
This is not true of some of the signal providers on Zulu, but the vast majority of signal providers will indeed lose you money. This is not an opinion on my part, rather a sober fact based upon researching on ZuluTrade.com.
Do Not Fear, MO4Forex is here… to find you some good signal providers.
Zulu Trade is very interesting in the sense that if you visit my section of it http://mo4forex.zulutrade.com you will see the signal providers that I have weeded out for you to be the most profitable and worthwhile to follow. This is rather important that you pick from one of these providers because very few others will make you money, rather, they will lose you money.
Our recommendations for finding good signal providers.
Firstly, you don’t need to take a signal provider’s results literally, in fact some signal providers even ask you to employ a stop loss for their own strategy! This speaks volumes about the confidence of some signal providers, but I do agree, this is a great idea, to employ stop losses so your account does not need to endure a 100-1000 pip drawdown. This could be disastrous for you even if the signal provider turns a profit with the losing trade in the end.
Next, never follow signal providers that enter 20 of the same trades at once, even though you can set in your own back end on Zulu trade that a signal provider can only open X amount of trades on X amount of different pairs at once, but regardless, it is a good indication that if a signal provider enters 20, 10, or even 5 of the same trade he/she is trying to milk ZuluTrade and you for all you are worth. I am certain there is an entire section of the SEC and CFTC rules about fund managers not entering into excessive trades to increase cumulative commission, but Zulutrade seems to be a place this is rampant; but again not saying all signal providers are fraudulent, just many are trying to earn more every way they can but often at our expense, especially new traders to Zulu.
Today’s champion Signal Provider could be next weeks all time loser, you just can never tell and the very nature of any type of investment field is based on unpredictability. I have total respect for this and many signal providers do not simply because they are not trading with their own funds. Personally if I gave out signals I’d be worried about my results, not necessarily win percentage which can be very misleading but purely pips earned vs pips lost and how much of a drawdown is inflicted in order to acheive those gains.
Lastly, I’d recommend not following one signal provider but a dozen or more giving each limited control over your capital but enough to actually help you see a nice steady return. I have another blog post on this if you could run a search for it you might learn how other’s earn on ZuluTrade quite effectively this way.
This is an old chart of signal providers from years ago, new signal providers are most definitely out now so please visit their website to browse the best.
Here are the top Zulu Signal Providers that are not Scams
| Provider Name | Pips Earned | Money Earned | Max Drawdown | ROI | Winning % | Followers | Subscribe |
| ??????????? | 3107 | $28,545.00 | -134 | 57% | 98.7 | 1405 | Follow |
| ??????????? | 593 | $5,932.00 | -49 | 12% | 78 | 1325 | Follow |
| ??????????? | 9817 | $98,090.00 | -1680 | 196% | 95.8 | 910 | Follow |
This must be passed on and clearly conveyed to anyone
Googling ZuluTrade. ZuluTrade themselves are not crooks
but you are spot on right. The signal providers and the
ones that are questionable. Third party signal provider?
Expert signal provider? Ya, right. And you will sign
over LOD over to them to do what they will to your
valuable trading account. Listen, learn to trade on
your own, then learn to program an EA trading your
strategy, then have control over your account always.
Do you own thing and run your own EA.
Lee
Hello Blogger! I have a problem and I think that you can help me. My person: I’m a german business student and I study at Bonn (near cologne). In the next week we start with the lecture “basics stock-trading / forex-exchange” and I need to tell my fellow students in 20 minutes what is forex-trading, before my professor begin the lecture. Thsi referat are 20% of my grade! I found http://forexi.de this website is in german and have just a few informations about the forex system itself – i need more informations with science-facts – I saw you are very fit at this market, can you offer my some books or better websites? thank you and best regards from germany.
Cordula Heck
zulutrade.com is a scam most def
Queen
Hey, we would for instance like to successfully invest within Foreign exhange, truthfully we both are any kind of completely newcomer. Probably did someone has discovered a powerful Tool or even a superb brokering service, who may advice us? I know, such a business could be very risky, but we’ve lots of finances right now and so might want more and more. Indeed anyone consists of any kind of advice for the purpose of me? I have looked even so the commissions really are highly high of lots of broker companies.
Leonardo Tesar
Foreign Exchange swing trading is the way to go but can be rewarding!
Trading In Forex
Would you be interested in getting forex rebates?
Brody
Thanks for the info on ZuluTrade
Transformers
My cousin recommended this blog and she was totally right keep up the fantastic work!
Erline Rottman
Ah such is the double-edged sword of leverage, when one attains a relative degree of success in the market or on ZuluTrader it’s usually the way they lose it all. I read a few books on this a while ago, nowadays I agree they have most definitely lost focus with both their message and audience!
Johnie
ZULU TRADE IS NOT A SCAM I SH*T YOU NOT
Dan
Surely you are not serious? I disagree with most of what you say but you do bring up a few good points. I might have to read over it again before I reply again.
automated forex trading software
real time IDIOT on earth
raj
u did not knowledge of how can choose SP , how can trade ,but waste time here to generate this fullish artical.
raj
The best signal providers are constantly changing, so choosing the best one for your own trading style is up to you, sorry to waste your time on this fullish article.
MoForex
Thanks, glad to see my time and effort is well received.
MoForex
What a cheap advertisement for ZuluTrade, Forex Traders on Zulutrade are not professionals, anyone who uses it or discusses ZuluTrade is wasting their time, just my opinion, like this entire blog.
Dave
This blog writer knows nothing about Zulu Trade and how it works, I am earning on there consistently with the signal provider list in my account I can show you how but can’t post links!!!
Aiman
It’s idiot blog writers like you that give Zulutrade a bad name.
Down with this blog, dump on it for all its worth!
Nutz
Hi, Eventhow that Zulutrades are saying that it’s not possible to manipulate the history of the providers performance, but it’s done, and I have seen and investigated some examples….. it does not even make sense, to have a provider, that is having 0 draw down and 100% winning rates. And this is how they do it. IF they find out that their strategy is not going well, then somehow,( I don’t know how) they take some trades outside the link to Zulutrades(profitable off course) , and then they”relink”to Zulutrades, and their you go, suddenly their performance is great. You can find out your self.
Make a demo account and follow the provider for a little time, see the trades that have been broadcasted to the follower are profiting or not, and see the the trades takken outside the (link) to Zulutrades.
But are Zulutrades a scammer or not, that is difficult to say, but I think that they are not really serious about cracking down and introducing polices to stop this from happening. (technicaly ) it should not be that hard!
Kim
It’s sad people don’t read my entire article, one person thinks I’m against Zulu, one thinks I’m promoting them, another thinks it’s the worst place ever.
All of these are misinformed approaches to judging ZuluTrade.
I simply wanted people to be aware that it’s not just about how much a ZuluTrade Signal provider makes over the long term, the best SP today could start a losing streak that would wipe you out the day you join. This is the nature of the beast.
If you have a problem with that reasoning I’m fascinated to know how you approach using ZuluTrade that is any better.
Good Day.
MoForex