Pre-Screened

If you have less than $5,000 to trade, we suggest that you look into Zulutrade (click below).   They offer a number of signal providers, most of which are so-so, but some of which are excellent.  The critical rule you should abide by in using Zulutrade, is to use very low leverage (trade very small amounts per trade).   You can set your trade sizes in their settings panel.

• What is ZuluTrade ?

ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers)

There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market to make a good pick, because hundreds of industry well-known experts from all over the world are doing it for you. All you have to do is pick the experts you like, and ZuluTrade will quickly convert their advice into live trades in your trading account directly with the broker. And the best of all, it's completely FREE!*

ZuluTrade receives rebates from the brokers, for the trades generated and splits them with the experts that provide the advice.

• Who is placing the trades on my account? Do the experts know about my account?

None of the experts that recommend trades will ever know your account's existence. ZuluTrade receives their recommendations, and checks the experts you have subscribed with in your account profile, and decides whether or not to autotrade their advice in your live account using a secure direct connection with the broker's backend. ZuluTrade's patented engine places trades automatically with no human intervention. ZuluTrade service is server based, in other words you don't even need to have your computer on.

• How do I get started?

  All you have to do is provide ZuluTrade with the name and account number of the brokerage firm you're trading with. Sign and fax the LOD required by your broker, to authorize ZuluTrade to bridge the experts advice with your broker account.

  If it is the first time that you will trade online or you never had an on-line trading account with one of the brokers we support, then the first step is to open a new account.

• Are the results hypothetical? There are a lot of websites that claim all kinds of results...

  Every signal received by ZuluTrade is executed on at least one demo broker account. The results contain final spread, swap rates, and profit or loss from current open positions, hence all possible costs by the broker. The spread is the standard spread advertised by the broker you're trading with. Hence our performance always reflects real market conditions. Due to the volatility of the markets, sometimes results may vary between accounts.All signals and trades executed on a demo account are considered to be hypothetical.

• What is a pip?

  A pip is the minimum movement of a currency upwards or downwards. To calculate each pip for every currency, divide 1/ (currency pair exchange rate) Ex: 1/224.92 (GBP/JPY) = 0.00444 GBP. If you’re trading a 100:1 leverage account, then multiply this with 100. Ex 0.00444 x 1000 = 4.44 GBP. To transform this to USD just convert it. Ex: GBP/USD = 1.9377 x 4.444 = 8.6 USD / pip.

  Another example is to calculate a pip for GBP/USD. 1/1.9377 = 0.516 GBP. For a 100:1 standard account, multiply that with 10. Ex: 0.516 x 10 = 5.16. To convert in USD multiply with 1.9377. Ex: 5.16 x 1.9377 = 9.98 USD / pip.

  Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

• How long does it take to open a new account with my existing broker?

  It only takes 1 day. Most brokers – if you already had an account with them, do not require duplicate proof of records, and will provide you with a new account number. Don’t forget to tell them that your Referring Broker is ZuluTrade. Click here to open a broker account already setup with ZuluTrade.

• What is the minimum deposit to open a new account?

  It depends on the broker, but we recommend that the amount for a standard account is $15,000 USD and for a mini account is $500 USD.

• Should I open a standard account, a mini account, or a micro account?

• If you are trading more than $50,000 USD we recommend to open a standard account

• If you are trading between $10,000 and $50,000, we recommend a mini (10K) account.

• If you are trading less than $10,000 we recommend a micro account.

• Can I open my account in different base currency than USD?

  Yes. You can choose between USD, JPY, EUR, GBP and AUD.

• I logged into my account. How many providers should I trade with?

  On the account settings page in the member's login area, there is a wizard that corresponds to the lots traded by every provider and your equity. This wizard will display how many providers you should choose without having the risk of a margin call. Simply follow the wizard. Of course you can choose the signal providers manually if you wish.

• What is a lot?

  A standard lot is a buy or sell size. If you buy 1 lot of EUR/USD, trading at 100:1 leverage then you buy 100,000 EUR/USD. But since you’re trading with 100:1, the leveraged value is 1,000 EUR/USD or 1 standard lot. If you trade a mini lot, then you buy 10,000 EUR/USD and the leveraged value is 10,000 EUR/USD or 1 mini lot.

  Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

• Can I trade manually? Or will it conflict with the automatic trades?

  Yes. Manual trades will not affect automatic trades.

• I have opened a new account with my broker. How do I know everything is ok?

  Your broker will send you an email confirming that we are the Referring Broker, and that your account is ready. Then, you log in to ZuluTrade and configure your trades.

• Who are these signal providers? How did you pick them?

  We do not pick them. Any individual can become a ZuluTrade signal provider.

• What is ‘spread’ and why do all my trades start off with negative pips?

  The spread in the FX currency trading market, refers to the difference between the ‘bid’ price for the currency and the ‘ask’ price.
  Each traded currency pair opens with the spread. So if the spread is 5, then your trade will open at –5pips.

• How do I control the number of lots, and the number of trades a signal provider trades with on my account?

  When logged into your account at ZuluTrade, go to your account settings page. From there select the ‘max open lots’ drop down menu’, this allows you the set the number of total lots you wish a provider to have open at any one time, before he can open any more lots. Also, next to each provider's name you have selected, there is a drop down selection called ‘lots’. This pertains to the number of lots to be traded on each individual trade. For example: if you wish each provider to trade with 2 lots per trade, but wish there to be no more than 2 trades open at a time. Then you would set max open lots to 4, and number of lots next to your providers name to 2.

• What do signal providers do? And how do they receive commission?

  A signal provider places trades on his or her account, and all clients that have selected this provider in their account settings page receive these trades on their accounts, unless they do not have enough usable margin, or have their max open lots set to low. Signal providers provide signals for all clients who select them in their accounts settings page.

More on Autotrading