Trader Guide

Last updated on 26-Apr-2017 

1. ZuluTrade Traders (Signal Providers)

A) Introduction to Traders Program

A "Trader" is a ZuluTrade User, who trades either on a Demo or Live account while ZuluTrade publishes his/her results and statistics publicly through the website. Each trading action performed in the Trader’s account is sent to all ZuluTrade Demo and Live accounts in the form of a broadcast signal.
Clients, who have chosen to follow the Trader ("Followers"), have the trading action automatically executed in their account, residing in their brokerage firm. Since a simple Trader signal is executed by various different brokers that have different trading interfaces and configurations, trading problems can occur. A possible instance is an orphan trade. An orphan trade is a trade that although it is closed in the Trader’s account, due to a variety of reasons, it may be left open on one or more of the Followers' Live accounts. This incident can lead to different results between the Trader and the Follower - e.g. although the Trader gains, the Follower ends up losing as a result of the trade having closed long after it had been closed in the Trader’s account. However, Traders have the ability to both monitor and close their live Followers' positions that are detected as "orphans".
By using the tool for orphan trades, Traders can quickly and efficiently remedy this situation. Whenever a trade is closed in a Trader account, if any orphan trades exist, they will appear under the "Positions" tab within 5 minutes after having closed the trade. A table will appear displaying the Trader ticket, the number of users under the same broker for whom the order is still open, currency pair, date opened, entry and current values, and a profit tab. To close an orphan trade, click on the "close" option; the trade will immediately close and a corresponding close message will appear.
Followers can fine-tune and override Traders signals by configuring their settings in their ZuluTrade account portfolio, or even manually.

B) Creating a Trader account

Anyone can sign up to become a Trader. Simply register for your Trader account here. You can open up to 10 Trader accounts with the same email address. Competition however is fierce. Traders’ performance is constantly ranked by ZuluTrade's ZuluRank algorithm and the ZuluTrade community, so that only the best ones appear on the top of our lists.

For the European version of our Performance page, competition is even stronger! As per EU legislation, only the top 1000 Traders will be displayed and available to Followers residing with EU, provided that:

  • They have less than 30% Drawdown
  • Minimum trading time of at least 12 weeks
  • The profit per trade should be greater than 3 pips.

If you want to find out more about the way ZuluRank is calculated, please click here!

C) Trading platforms

Traders may select one of the following Trading Platforms to place their trades:

  1. ZuluTrade+

    In ZuluTrade+, both Live and Demo Traders are equipped with a fully-fledged Trading Station user interface with technical charts and indicators, along with the ability for Traders to create trading robots by running their own ZuluScripts. In more detail, the in-built Trading Station offers technical charts (Candlesticks, OHLC, Lines), a large variety of Indicators (Trend, Oscillators, Volatility, Volumes, Bill Williams, etc), custom lines/text/objects etc, all inside the Trader account, without the need for any external platform. Therefore as the platform is entirely web-based, the Trader account is shielded against connectivity issues and can run EAs uninterruptedly without the need for a VPS. For more details about how to create and run ZuluScripts, please see here.

    ZuluTrading API

    The ZuluTrading API can also be used with ZuluTrade+. ZuluTrade offers its own REST API which enables Traders to submit trading requests straight to their accounts from their own custom program. In other words, instead of logging in to the Trader account to manually open, manage and close trades, Traders can configure their own algorithm to do this for them. Although some basic programming skills are required, a comprehensive step-by-step guide is provided for setting up the ZuluTrading API.

  2. MetaTrader 4 (MT4) platform

    It is possible to link an external live or demo MT4 platform to a Trader account. In this case the Trader account becomes read-only and any trading activity that takes place in the MT4 account is copied over to the ZuluTrade account. The list of brokers compatible with Trader accounts can be found in the Settings tab of the Trader account, or by contacting Support.

    ZuluTrade VPS

    ZuluTrade offers Traders trading via MT4 the chance to host their trading strategy for free via ZuluTrade's own VPS service. ZuluTrade supports over 60 Brokers and there is no need to download any platform - the MT4 client of your choice will be pre-installed into your VPS account, and can be accessed via any browser. The ZuluTrade VPS service is available only for Traders trading via MT4 terminals; there is a limited number of available VPS, so Traders should keep an eye out for the 'Connect to my VPS' button at your Settings tab - it appears only when VPS slots are available. ZuluTrade VPS is a premium service and as such a fair use policy applies; if it is detected that the VPS service is misused in any way, then usage of the VPS service may be revoked. Typical examples of misuse are:

    • malicious intentions
    • low or excessive usage
    • use of 3rd party executables that interfere with the OS
    • multiple instances of MT4 clients and EAs
    • usage beyond ZuluTrade's environment, etc

    Please also note that there is a limit of one free ZuluTrade VPS per physical person.

D) Performance, Stats and Indicators

As a Trader trades, their performance and position in the ZuluTrade Performance page will gradually evolve; moving up and down in ranking. All data and information of the Traders are taken into consideration in order to calculate their place in the ranking. Some decisive factors for the ZuluRank are (please note that this list is not exhaustive):

  • Maturity: How long the Trader has been trading for, reflected in ‘Weeks’.
  • Exposure: How many positions might be open at the same time, reflected in ‘Max Open Trades’, the 'NME' required, etc.
  • Drawdown: How many ups and downs the Trader’s historical performance has experienced, reflected in ‘MaxDD%’.
  • Performance: Overall pips earned, average pips per trade and other performance metrics.

For Our European Performance Page only, the below mentioned factors are also taken into account in order to form the list of the top 1000 Traders:

  • The Maximum Drawdown of the Trader’s account should not have exceeded 30% of the total profit.
  • The minimum trading time is set to 12 weeks.
  • The profit per trade should not be less than 3 pips.

If you want to find out more about the way ZuluRank is calculated, please click here!

The Performance page is updated several times per day, as trades and Traders' statistics develop. Performance page also contains visual indicators, helping Followers to identify certain Trader attributes. Most common of which are:

  • The Trader is using a Live Account.
  • The Trader is using a Demo Account and has a Live Account linked to his Trader one.
  • The Trader is using MT4 Expert Advisor
  • The Trader is operating on ZuluTrade+, using ZuluScripts
  • The Trader is submitting trading requests through ZuluTrading API
  • The Trader's strategy is complying with the FIFO rule and does not hedge
  • The Trader has an average user rating of at least 4 stars!
  • The Trader is trading correlated currency pairs, by using a natural hedging strategy that potentially lead to limited drawdown
  • The Trader is frequently trading economic calendar releases!
  • Zulu Veteran - a Trader that has been trading with ZuluTrade for more than 2 years with a consistently high ranking

In order to appear in the Performance page, a Trader must first close 1 trade, while a minimum of 12 weeks of trading activity is required in order to appear on the Performance page for Europe!

2. Payments

Traders earn 0.5 pips per lot, for each closed trade executed in a Live Follower account. Pip cost varies according to the currency pair traded, the type of account of the Follower etc. For US Followers, ZuluTrade compensates Traders by a variable monthly membership fee. Traders compensation is calculated on a monthly calendar basis.

ZuluTrade compensates US Traders by a variable monthly membership fee. Monthly compensations for Traders can vary depending on account size and signals generated per month. Please note that ZuluTrade Traders, who are NFA registered as an Introducing Broker (IB), receive half pip per lot for every trade generated in a Live account.

The monthly membership fee is calculated using the following formula:

((Aggregate customer capital following the Trader / Initial Balance) / 100) × Subscription fee

Initial Balance represents the Necessary Minimum Capital required to cover the Trader's maximum recorded historical drawdown. Aggregate customer capital following the Trader, corresponds to the average amount over the monthly period.

Subscription fee is determined by the number of signals generated by the Trader during the month. Below is the schedule used to determine the subscription fee.

  • 5 - 20 Signals = $50 Subscription fee
  • 21 - 30 = $100
  • 31 - 60 = $200
  • 61 - unlimited = $350

Payment requests can include accrued commissions for only the previous month(s), up to the end of the calendar month prior to the request. The current methods of payment for all Traders are via bank wire transfer, PayPal and the ZuluTrade Mastercard. Payment Commissions are as follows:

  • $20 for PayPal requests up to $500 and a 3,9% fee (applied on the requested amount) for PayPal requests greater than $500.
  • $30 for each Wire Transfer within the United States.
  • $45 for each Wire Transfer outside the United States.
  • $20 for each payment to the ZuluTrade Mastercard.

Modest fees may applied by the financial institutions in case of wire transfers. For more details, please consult your Bank.

Due to local restrictions, Japanese residents are eligible to register for a Trader account in ZuluTrade, however, no revenues will be generated for their trading activity.

Also please take under consideration the following:

  • To submit your request, ZuluTrade needs to be provided with sufficient evidence of the Trader credentials – typically we require a valid photo ID (passport, government identification card or government issued voter’s card) and a recent formal bill indicating your name and full current residential address.
  • Before issuing payments, all trades need to be checked against our Trading Compliance rules and relevant commissions need to be collected from our collaborating Brokers; the estimated time frame required to process a payment after a request has been made via our website is approximately 60 days.
  • An active account balance with a minimum of $100 is required before proceeding to request a payment.
  • Please ensure that your bank account details, PayPal account or ZuluTrade Mastercard are set up properly to avoid any complications with payment.
  • If for any reason your account has been terminated and you have the minimum of $100, you can request payment via email to
  • ZuluTrade values the safety of its Followers’ capital as an utmost priority. For this reason, Traders who apply abusive trading behavior, introducing high risks to their Followers, will be examined carefully and if deemed malicious, they will be refused compensation.
  • For each specific calendar month that a Trader presents a negative Total Monthly PnL performance in pips, the Trader will not be compensated. Total Monthly PnL includes unrealized PnL deriving from the end of month valuation of the Trader’s open positions.
  • Please note that payment must be requested within 30 days of receipt of the termination notification. Payment requests received after this period will be rejected.
  • Accounts with considerable deposits can be characterized from the Broker as Institutional due to the low spread offered. Compensation for such accounts is 0.1 pips per lot executed in a live follower account.

3. Trading Compliance Rules


When trading from a Demo account, please make sure your trading strategy complies with the following restrictions:

  • There is an upper limit of 100 market and 100 pending orders, as well as a limit of 5000 update signals, permitted to be broadcast to followers within a 24-hour interval.
  • Signals to create market/pending orders should have a minimum time interval of 5 seconds from the last one accepted in order to be broadcast to followers.
  • Maximum overall number allowed of open - market and pending - orders is limited to 100; any further signals will not be broadcast to followers.

Please note that none of the above restrictions apply to Traders operating on a Live Account.

Trading from MT4 Terminals

In addition to the above rules for Traders operating on MT4 terminals and outside of the ZuluTrade web interface, compliance with the following rules is also expected:

  • Closing partial lots is not supported.
  • Deleting Stop/Limit via EA (updating Stop/Limit from non-zero values to zero via EA) is not supported and related signals will not be broadcast to followers.
  • We support trading in Forex, CFDs, Indices, Gold and Silver.
    CFDSymbolContract size
    Margin %Trading hours (UTC)Break time (UTC)
    INDICES ESP35€12Daily from 08:00 until 16:30None
    GER30€12Daily from 07:00 until 21:00None
    US30€11SUN 07:00 - FRI 21:00Daily from 21:15 until 21:30
    ITA40€12DAILY 08:00 - 16:40None
    JPN225¥1001.5SUN 00:00 - FRI 21:15Daily from 21:15 until 00:00
    NAS100$11SUN 23:00 - FRI 21:15Daily from 21:15 until 21:30
    SPX500$101SUN 23:00 - FRI 21:15Daily from 21:15 until 21:30
    SUI20CHF 11.5Daily from 07:00 until 16:25None
    AUS200AUD 11.5Daily from 23:50 until 21:00 (FRI 20:45)Daily from 06:30 until 07:10
    FRA40€11.5Daily from 07:00 until 21:00None
    UK100GBP 11.5Daily from 08:00 until 21:00None
    EUSTX50€12Daily from 07:00 until 21:00None
    COMMODITIES USoil100 b3SUN 23:00 - FRI 21:45Daily from 22:00 until 22:45
    UKoil100 b3MON 01:00 - FRI 21:45Daily from 22:15 until 00:00
    UKoil100 b3MON 01:00 - FRI 21:45Daily from 22:15 until 00:00
    XAU/USD1 oz1SUN 23:00 - FRI 21:45Daily from 22:00 until 23:00
    XAC/USD50 oz1SUN 23:00 - FRI 21:45Daily from 22:00 until 23:00
    XPD/USD1 oz1.5SUN 23:00 - FRI 21:45Daily from 22:00 until 23:00
    Copper1000 lbs1.5SUN 23:00 - FRI 21:45Daily from 22:00 until 23:00
    NCAS1000 mmBtu2SUN 23:00 - FRI 21:45Daily from 22:00 until 23:00
    TREASURY Bund€1001Daily from 07:00 until 21:00 (FRI 20:45)None
  • Altering of mt4 trading records and statistics in any way is strictly prohibited.
  • Closing trades via the 'Close by' type is not supported.

Inappropriate Trading Behaviors

ZuluTrade values the safety of its Followers’ capital as an utmost priority. For this reason, Traders who apply abusive trading behavior, introducing high risks to their Followers, will be examined carefully and if deemed malicious, they will be refused compensation and may be banned from future use of ZuluTrade’s services.

In order to avoid extremes, Traders are required to comply with a minimum set of guidelines that aim to reduce risks, such as:

  • A Trader's maximum total draw-down should not exceed their profit in pips (Max DD % should not be greater than 100%). This applies once there is an adequate record of Trader's performance, e.g. once overall PnL exceeds 1000 pips.
  • No positions should be allowed to reach losses of 700 pips or more. The use of stop loss at reasonable values is mandatory to ensure followers' safety. A careful and short use of Stop-Loss will also assist and promote you in our Ranking algorithm. Large stop-losses or no stop-losses is not appropriate trading.
  • ZuluTrade is not endorsing a winning trades ratio close to 100%. It is a potentially risky strategy as it may indicate exposure to unusually large draw downs.

Note that the above thresholds in pips are indicative for basic FX pairs. Please assume equivalent amounts for exotic pairs including XAU, XAG or CFDs.

Market Hours

No trading should be performed outside of ZuluTrade's Market Hours. Market Opens Sunday 22:00 UTC and closes Friday 22:00 UTC. When Eastern time is in daylight saving, market opens Sunday 21:00 UTC and closes Friday 21:00 UTC.


4. Recommendations for Effective Strategies

  • Scalping is not Recommended.
    Due to the combination of different trading policies, configuration and rate feeds of various brokers to whom your followers may subscribe, scalping is not a recommended manner of sending signals to your followers. The practice frequently leads to very inconsistent results for different broker accounts.
  • Trading During News
    Many brokerage firms will often reject trading signals during News announcements that affect the market, resulting in possible discrepancies between the execution in your account and your live followers.
  • Trading with Unrealistic Amounts of Virtual Funds
    Apart from producing unrealistic trading results, no trader will ever be able to relate with your strategy if your starting balance is extremely high, or you trade huge amounts of lots.
  • Accurate Strategy descriptions
    Your Strategy description needs to be accurate and descriptive, so that your Followers can be aware of what to anticipate from your trading activity.
    As unexpected trading behavior is not appreciated by your ZuluTrade Followers, any Strategies that are not in accordance with your actual trading behavior will be disapproved, affecting your ZuluRank accordingly.
  • Up-to-date Status
    Your current Status should always be up to date. Please keep in mind that Followers can request for a Status Update, in which case you will be notified via email and expected to provide a status update as shortly as possible. Awkward silences are not friendly towards your ZuluTrade Followers, so please ensure timely updates are provided.

5. Suspension

Suspension of a Trader’s account may occur in two ways: temporarily as a warning, or permanently, leading to prohibition from using the service. Liability for any consequences from a Trader account getting suspended burdens the account holder.

Temporary Suspension

Traders linked with MT4 terminals that violate the Compliance Policy Rules, will be automatically disconnected from their MT4 accounts. They can try to re-connect after they have reconfigured their strategy according to the suspension reason.

Permanent Suspension

  • Inactive Accounts. A Trader account is considered inactive if there is no trading activity for a certain period of time.
    1. All Trader accounts that have been inactive for more than 3 months will be permanently suspended.
    2. Especially for Trader accounts linked with MT4 terminals, the permitted inactivity period is limited to 1 month.
  • Trader accounts that repeatedly get temporarily suspended.