Can you receive signals from Zulutrade into existing account of any MT4 broker?
Just to clarify…Zultrade is NOT free…the spread is marked up from what you would get from the broker normally, often around 1 pip or more. Zulutrade want 1.5 pip from the broker, of which they give 0.5 pip to the signal provider if I remember correctly, so say your broker might have a 2 pip spread normally. In order for the broker to make any money, yes they might reduce their spread for Zulu, but they will more than likely be charging you around a 3 pip spread. So basically it can cost you around 1 pip sometimes to trade via Zulu…
nothing in this world is free my friend…
my bad, i ment for my broker aaafx is free…you generalized firstly, so I answered in the same tone as well.
I know there is nothing like a free lunch as you said it, true for other brokers the commissions varies, then add the spreads, add the slippages (whenever it happens) and then thrading gets quite expensive. I also had this type of experience back in the days with alpari …so decided to limit the losses so to say. i might not get the perfect spreads as compared to the market makers, but at least im not paying commisions, and have full refund for the slippage.
anyhow, Andy, how do you trade zulutrade? you seem to have quite an experience with it.
I don’t actually trade through Zulu, I just know how their pay structure works etc.
They definetely make a fair bit of $$.
And actually I made a mistake, Zulutrade generally charge the broker 2 pip, not 1.5…even MORE $$…
Also Zulu makes you to open an account at one of the brokers they work with, sometimes this is not what people want so direct copying trades from one account to other account still makes sense because in this case people are free to choose any broker and any type of the account.
they offer more that 50 of the worldwide big leading brokers…whats wrong with that?
and afterall all the platrfroms works on that same method…after all zulutrade is not a broker to hold your trading account, but the executer of the trades.
To be fair they have a pretty comprehensive lists of brokers…
Reality is this, if you want to use their service, you can (and of course it generally costs you something), if you don’t want to…you don’t.
BTW, can I attach my existing account to Zulu signals? or I should open a new account if i want to use their service?
no idea…logically if it is any of the supporting brokers this can be done…but why dont you ask them straight away, they will tell you for sure.
if it dont make dollars, it dont make sense.
mate, you still a provider on zulutrade?
With the copiers need to be careful
Well to be honest. i do not like trade copying as this is not what will give you the skills that would remain with you for a lifetime.
The best thing is to learn, practice and understand manual Forex trading 
Everyone has their own reasons use TradeCopier or not
Well, there are times that you either don’t have the time or the ability or the financial equity to engage into the luxury of the forex trading learning curve…so then you get into the help of autotrading platforms, EAs, traders’ signals etc. for me the best thing is zulutrade - the one that give you top to your investment!
Yes I think trade copying is very important for metatrader 4 because it’s the only way my Forex Power Signals(Which has done wonders for me) can send signals to my MT4 account.
+1 I taught sales and business people for over 20 years and said if you want to be successful do what successful people are doing. Just make sure you talk to the right successful person. Example, if you want to be a successful short term trader, don’t copy a successful long term trader. If you want to be a trader that uses signal service providers, then don’t model yourself after someone who doesn’t believe in or use the. Or as my grandfather use to say, if you want to fix your shoes, go to a shoemaker not a brick layer. You also find out if some is really successful or successful in their own mind or just full of sheet, you have to investigate. Unfortunately in this day and age you can’t always take people at their word as I’m sure you already know. So you test. not only by what my friend says above diversify and minimize, but before you do that, put together a list of questions to ask to make sure you are talking to the right successful person and someone who’s for real and do this before you sign up with anyone.
Hi all,
Since I started this thread, I’ve been very active in trading via the Zulutrade platform and I can report the following:
After a terrible Dec and Jan of demotrading and numerous margin calls, I finally got my lot sizes right and started making some profits. I kept to the demo acc until mid Jan and then opened a live acc. My initial deposit was $1000 which was actually not enough to copy all the trades completely, but I got most of them. Of course, the moment I put real money in it, the game changed and for the rest of Jan I was in the red. After swopping out some traders, I slowly started bending the curve upwards. In Feb I added another $1000 to the acc and I set a goal to show a ROI of 150% (pa) by the end of Feb. This worked out and I added $8000 to the acc on 26/2, making my total deposits = $10k. Well on Friday my total equity was sitting at $12700 which is very acceptable IMO. As I’m typing this my eq has dropped to $11.5k and I’m holding all thumbs that my SL’s arent hit. But that is the nature of the game, it seems and I’m slowly getting used to the ever present drawdowns.
I will post my results again if there’s interest and would really appreciate comments from those of you with experience in this sort of thing.
Hello Loxely,
This will only work if you are with a profitable trader. However I do not recommend you to go with the trade copier service before getting to know about the company/person very well. If you already decided to go with the service always monitor your trades and check whether the trader respect money management and risk levels.
Alan