Forex Trading Business model

Business model

ZuluTrade is a free peer2peer on-line trading network between FX traders worldwide and everyday people that don’t have the time or knowledge to trade the markets. ZuluTrade cites as its advantage the following 5 features
a) Auditing trading accounts in real time by controlling the execution flow of each trade in the service and by not allowing users to upload statements (sometimes false) to prove their performance,
b) Executing in real time trades into followers live trading accounts,
c) Funds safety as funds are kept within the user’s live brokerage account,
d) Privacy as live followers do not give discretion to any 3rd party on their account,
e) Diversity as 20 brokerage firms globally are connected with the ZuluTrade peer2peer network

ZuluTrade receives compensation per trade per contract from the brokers connected within its peer2peer network and splits the compensation with the Signal Providerthat have originated the trades which have been executed successfully on one or more live follower’s trading account.

Technical Description

In contrast to fully automated or black-box Foreign Exchange autotrading ZuluTrade uses the Signal Provider method: the service audits Forex experts that are members of the service, known as signal providers, and ranks their performance by using ZuluRank, a proprietary rating algorithm. Traders can then select one or more Signal Providers and the service automatically translates signals into trades in the trader’s broker account. ZuluTrade’s autotrading software is integrated with popular FX trading platforms such as MT4, Saxotrader, FXCM trading stationAct Forex platform, GAIN trading station, Ducascopy trading station, GTS station etc. The service is server based, and works with no human intervention whatsoever.