ZuluTrade Reviews

I was using Zulutrade service live with AVAFX account. I was using mini account, and at first I got very good results but I failed because I was using to high risk - I have traded using 2 signal providers allowing them to open 10 positions per signal provider..

I had slipped with one of the providers which lost about 55% of initial deposit, then I lowered my risk and gained back 30% and decided to move to FXCM micro account, because FXCM had better and faster execution.

But I had never funded FXCM account, really don't know why now..

Maybe it seemed a bit too high risk to underly to unknown trader, who has 3 months or less past performance.

Also, I noticed that the best results with low risk reward ratio has the new traders - they start with little initial amount of money and carefully trades to get better past performance. And with every trade they become more and more gready - they open the same position 3 or 4 times in a half of minute. So you must be ready to check the provider how much trades he generates within one little period. As my selected provider was opening 2 or 3 trades and later on he moved to open 4 to 5 positions and if they goes wrong - 3 or 4 more. If user does not limits the opened positions, he soon can come lost..

The best way to use this service - open micro account, select few providers who has even graph of pips, not sudden spikes, analyze how many trades they open within the same minute and limit opened positions to max 5 per provider. With such settings you may enjoy steady slow growth, otherwise you will repeat my fate (oh I wish I had read such info before I had traded).