Zulutrader is quite a bad service as most traders there practise never closing losing trades and averaging down, and also multiple entries to get large pip counts.  fxjunction has a very clean interface which is nicer than fxstat, but fxstat seems to have a better system for autotrading.

Terrible. Claims of high PIPs really should to be calculated for a single lot on each trade. Multiplying by the number of lots per trade is a falsification in my opinion. You see ads around with something like "3,000 PIPs in ONE month, on ONE TRADE!". Strange that they don't show the entry and exit price, They probably only made 60 PIPs on 50 lots on that trade.

Before you buy the packet, read the ingredients.

Yep, pretty much thats the zulutrader scam.  100 seperate micro lots long for 10 pips = 1000 pips.  If there were avalable stats such as drawdown per trade that would be an excellent addition.  A lot of traders wait for their losing trades to come back - thus end up losing 100s of pips to gain 10, just to keep up their win rate.  Win rate should be abolished altogether - what I really want to see is a trader who has a low win rate (50-60%), with a good smooth equity gain.

Cfxsignals i'm preety sure that you can see drawdown per each trade in traders history on zulutrade. As for bad traders , bad traders are everywhere , zulutrade has more than 15000 traders available , they sure cant be all that bad can they?

Its the way they rank their traders - in the amount of pips.  You can look at the drawdown per trader, but that does not affect the rank.

Originally posted by CFXsignals

Its the way they rank their traders - in the amount of pips.  You can look at the drawdown per trader, but that does not affect the rank.

Well it surelly affected their for a long time number 1 trader who fell 800+ places  after his drawdown

If you were trying to become a successful trader on zulutrader though - a consistent return of 10% a month would not even get you close to the top - far too many gamblers there - its like those demo trading competitions - completely artificial and unrealistic.

Zulu Trade's ranked number 1 yields only 6 PIPs average per trade after 1 year. It seems that it's almost break even trading on there. Granted, it's better than I did myself, but they are providing signals for other people and probably getting a commission as well. The spread alone could push that down to almost break even at best.

Another thing to consider is how many lots they are putting on per trade. Their ranked number 2 suggests 4 postions. With anaverage of 10 pips per trade is that only 2.5 PIP profit per lot?

Zulutraders are making money per trade they put down for their followers, so it makes sense for them to have multiple trades per position as opposed to one.  If you trade with them, I can't see how any of the leaders are at all good.

There are different strategies in zulutrade , dont just look up at the top , judging from the number of people following providers i think both parties are gaining something out of it . Their number one at his peak was followed by 30k people at least.