For a small monthly subscription fee, gain access to high performing Traders' strategies from different risk appetites.
Any potential profits generated on a monthly basis in a Profit Sharing account can off-set this amount.
And even in the case, that you have a month with negative PnL, a Profit Sharing model works out cheaper when compared to a Classic account, since with a Classic account you pay a mark-up plus volume based fees.
Your trades execute with FXCM's competitive spreads and you pay a 25% of your profits to the Trader only if they have earned you a successful return on your investment.
No win, no performance fee type situation.
In contrast to a Classic Accounts where you must also pay a volume based fee even if you aren't profitable that month, the Profit Sharing performance fee is not payable if you don't have any returns on your investment. You only need to pay a monthly subscription fee.
Don't know which Trader to copy? Choose a Combo, which offers you a pre-selected grouping of dynamic combinations of ZuluTrade's Traders based on variety of risk appetites and strategies to follow.
Traders forming Combos go under a strict criteria to be eligible to enter this groupings. Learn more.
Remember, ZuluTrade has your back.
No, currently you can only trade with a Trading Station account on read-only mode.
A Trading Station account on a read-only mode.
If are an existing client of FXCM, you just need to fill out a Limited Trading Authorisation to enable copy-trading on your account. If you are new to FXCM you will need to apply for a ZuluTrade account here
ZuluTrade offers "ZuluGuard", which is a feature which first monitors each Trader's behavior and automatically removes a Trader when detecting a trading strategy has deviated from its expected loss profile. And second, it creates a protection shield for your investment capital based on your own settings when you follow a Trader or a Combo. Learn more
No, FXCM does not charge you anything for using ZuluTrade, however there is a monthly fee of 30USD you will need to pay directly to ZuluTrade.
No, your trading cost remains the same. However, given the type of account: Profit Sharing, you shall pay 25% of your profit generated by each of the Trader your follow directly to ZuluTrade, in addition to the monthly subscription fee you will need to pay ZuluTrade for using their service. For more information, please review ZuluTrade's Terms of Service.
With a profit sharing account:
The example below has been done by following the 1 rolling month history of the Trader "Swartout" – the higher the pro-rata percentage you use to copy the trading strategy, the more you can realise the benefits of this model vs a mark-up/volume based model.
|Classic (volume based)||PRO-RATA 100%||PRO-RATA 10%||PRO-RATA 1%|
|Investor's net profits||$1,519.42||$151.94||$15.19|
|Profit Sharing||PRO-RATA 100%||PRO-RATA 10%||PRO-RATA 1%|
|Investor's net profits||$1,810.82||$154.08||$(11.59)|
Please remember that past performance is not an indicator of future results. There is no guarantee that trading will result in profits or not result in losses.
ZuluTrade Profit Sharing Account model means you will share 25% of your overall profits at the end of the month. Therefore, for every profitable month PnL generated from a Trader that you follow, your card will be charged a 25% Performance Fee. You may cancel your subscription at any time. For more information, please review ZuluTrade's Terms of Service.
No, your ZuluTrade Trading account with FXCM is set to read-only, meaning you cannot places any trades there. Only the trades from Traders you follow from ZuluTrade will be reflected on your FXCM trading account.
User can either follow a) Combos or b) individual Traders. You are also allowed to:
Existing positions cannot be amended. You can only close existing positions.
Yes, you can select, as many Traders are you wish. They all have performance related stats so you can select the ones that are appropriate to your risk appetite.
It is a web-based application so no need to do any downloads for your computer. You can also access your ZuluTrade account via the mobile app.
You have the option to trade Micro, Mini and Standard lots. You can change this on the ZuluTrade platform under "Account" → "Settings". You can also adjust the settings to limit the total number of lots (mini) that can be open and/or pending at any one time in your ZuluTrade Account.
Please see this link to learn about the ZuluTrade ranking system uses to select the best performing Traders. Remember that past performance is not an indicator of future results.
Currently, this feature is not available but very soon you will be able to register with ZuluTrade to monetize your strategies.
Profit sharing accounts are subject to a monthly subscription fee and a monthly performance fee per selected trading system. The monthly performance fee is based upon the profit you made from each trader you follow. For more information on profit sharing accounts and applicable fees, please review ZuluTrade's Terms of Service. Trading via a profit sharing account carries a high level of risk and may not be appropriate for all investors. There is no guarantee that trading will result in profits or not result in losses
Combos are composed based on the included Traders' strategy and past performance statistics. Past performance is not an indicator of future results. Combos are not intended as and do not constitute nor are construed as an investment advice. Please refer to ZuluTrade's Terms of Service for more information regarding combos and the classification and selection of Traders.
Demo accounts operate in a simulated market environment. As such, there are key differences and limitations that distinguish them from real accounts. We recommend that you carefully review the information on ZuluTrade's website and the risks associated with their service, including operating a demo account.
ZuluTrade is an independent legal entity acting as a Service Provider for FXCM and is not affiliated with FXCM. FXCM does not endorse any product or service of the Service Provider and is not liable for any errors, omissions, delays, or actions as a result of your use of this Service Provider. Nothing associated with this Service Provider's offering shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws or regulations of such jurisdiction. There is not guarantee that trading will result in profits or not result in losses.
Cryptocurrency products are only available to Professional and Eligible Counterparty Clients.