Or, follow one of our Popular Investors, and make their crypto strategy, your strategy. With a clean and simple interface, no hidden fees, and top security for your peace of mind, eToro can take some of the stress out of investing. Plus, learn as you invest, with tools like our virtual $100k portfolio and the eToro Academy. Get started with this fintech leader today, and join over 25M other users investing in stocks, crypto, and community. My opnion is to have Signal Provider’s real money account linked to the signals they provide to others.
When copying a trader, the process can be automated so that the trader never misses a trade. This prevents copiers from losing all their money from a good trader gone bad. All in all, the trading conditions are very good in the sense that they work to maximize profits and minimize losses. Diabolo offers rigorous risk management by setting maximum drawdowns for the platform’s traders. Diabolo commits itself to offer verified traders which took successfully our period of test. Online or in Diabolo’s trading desk, you will learn all the basics of trading and technical analysis.
Investors and top traders from all over the world use ZuluTrade, a popular online copy trading platform. They meet all regulatory requirements, communicate with 70+ online brokers, and supply various features necessary for simple, fast social trading. Trading spot currencies involves substantial risk https://dreamlinetrading.com/ and there is always the potential for loss. Because the risk factor is high in the foreign exchange market trading, only genuine „risk” funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market.
A/C will be opened in a month or so when I’m back, but I am not going to reveal name. Having watched Zulu destroy a $50K practice account with only a couple of signal providers, you should know the following.
It was easy to see this provider cared more about pip rebates. All anyone had to do was to look at the number of trades “Cheetah” opened at once just about all the time, easy enough to spot. Let me just say that even the „best” provider are no good. I had lowestDD for 9 months now and have lost most of my money. The numbers are very misleading and distorted truths. Please keep your money safe and keep it in your bank.
Get the latest market updates in your NAGA Feed and copy trading signals from the selected providers. Open multiple trading accounts with one of many supported base currencies, including crypto.
Meanwhile, the copier will receive or lose the proportional amount of the money they put into the trade. The copier can choose who they want to copy, and they can choose from over 100,000 traders from over 190 countries.
OctaFX offers access to CFD trading, commodity trading and indices trading with award-winning Forex trading xcritical conditions. Copy transactions of traders from around the world and benefit from their trading.
With a platform as unique and elaborate as this, there will be a variety of advantages and disadvantages. See what defines this platform in the pros and cons listed below. It greatly reduces the impact of market volatility on investor sentiment and avoids making irrational investment decisions when the market is extremely fanatical or pessimistic. It is an essential tool for investors to avoid human subjective judgement errors.
Zulu would have you think its users are fools well most are since they keep singing up with this service, and they are still all looking for the fast money. Rankings are irrelevant – in fact, by not trading, some providers go up the rankings. It is completely and utterly insane to have a trading system that makes you hold a losing position of -100 pips only to win +10. Check your providers regularly; kill the lame and the loosers, there are always new ones coming in. But include them only after they have 8 weeks of trading with good results. You need to have correct money management to be successful on Zulutrade, so mind you lot allocation and max number of trades.
Every API key is securely encrypted and stored using FIPS validated hardware security modules to protect the confidentiality and integrity of your exchange API keys. Shrimpy only requires the ability to read data and make trades, so your funds can’t be removed from the exchange. We also encourage all users to utilize our Two-Factor Authentication (“2FA”) service which secures access to your account. I am trading with Zulutrade with big success for 4 months now, trading with 1 provider only, Preatorian guard. Let’s all stop complaining about bad providers, I’m 50 years old, and my experience showed me that we complain even if we make money, because we could made more. If you have never traded forex before and you start trading with Zulutrade, you will lose money for sure.
You simply offer a paid membership to your customers and then invite them to join your Telegram group. You trade, and your signals get automatically shared within the group for your members to copy. This creates a nice passive income for you while you help your customers make money.
TokenBot has designed software to disseminate trading history from public APIs for informational purposes only. ZuluTrade is a well-established, properly regulated social trading platform. Investors who prefer following trading strategies should definitely consider ZuluTrade as a frontrunner. The vast partnerships with global brokerages grant maximum cross-asset exposure and strategy diversification. The cost-structure in the profit-sharing account may be too steep for many retail traders to bear, which is our most significant area of concern.
That causes major delay in trade execution obviously. If it would be among one broker than they could solve the problem, but between more brokers it just doesn’t work since they don’t care if some client get his trades executed at other brokerage.
How Do You Use ZuluTrade?
Instantly follow the most advanced technical and algorithmic traders. Automatically copy trades in real-time to your crypto exchange account. Your API keys are 256-bit encrypted and stored safely in our datacenter. Launch a trading group or channel powered by TokenBot®. TokenBot® is an automated copy trading platform for crypto traders. TokenBot® will monitor your exchange account and automatically notify members with details about your trading activity in real-time. Connect your exchanges and share your trades in real-time with members.
Alternatives to ZuluTrade
Forex in my opinion is much more riskier than other forms of instruments because its much more prone to Supply/Demand and Economic/Political news. Also, in my opinion, only pick providers that are truly trading their own money on Zulutrade. I have my personal account linked with a few select providers trading their money and they have been profitable.
FXTM is a dynamic, award-winning forex broker that offers exceptional online trading services and products to institutional and retail clientele from around the world. Plus, FXTM places great emphasis on the importance of forex education and enables traders to improve their skills through online forex courses, local seminars and online free webinars. FXTM brand is authorized and regulated in various jurisdictions. Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.
Which left me very little choice was that I took a big gamble on Pro-B5 and over leveraged my account trying to get back my losses. Thank God IT WORKED; this provider (Pro-B5) is rock solid in my view. The best part is unlike the other providers that revenge trade when they take make a bad trade and lose or just keep those losing trades open. Pro-B5 cuts the losing trade and moves on and before I knew it any small loss were re-gain in an orderly fashion, and trades 1 or 2 trades at a time. This service is dishonest in that the signals constantly get requoted and the top 'providers’ just hold onto trades forever. I did very thorough analysis for over 6 months and tried several strategies and once a provider goes bad, then they get a different username and start all over again.
Zuluguard made me try them out & makes copytrading quite easy. Opening a Profit Sharing Account with ZuluTrade is simple and easy.
In addition to ZuluTrade, the deal also includes AAAFx, which holds a portfolio management license from HCMC. Do not get me wrong I still dislike Zulu very much they use less than honest ways to rank providers and we all know it, and you have to look hard to find providers like Pro-B5.
After opening several Demo accounts and tested many signal providers with Zulutrade, i think i have managed to find a good formula. I have live account with zulu and dint face any problem still. I looked at the reviews to find criteria to choose profitable providers but found none.
The signal providers open too many position at once and don’t care about the drawdown which killes your capital. He takes 6 trades a day , 4 winners 10 pips each and 2 losers 30 pips each he is down 20 pips at a cent a pip 0.2 of a dollar in his live account.
After re-designing their website, adding services like ZuluGuard, and hiring 120 people, ZuluTrade had 120 employees by 2014, including their good traders. In May, this was followed by a partnership with SpotOption to establish a social trading platform for binary options. I have been using zulutrade for past few months on demo account and recently switched to live account. It is without a doubt one of the best copy trading platforms.