ZuluTrades automatic forex is really a new breed of Cat, absolutely no fees to use the managers, you are just charged your normal broker fees.
ZuluTrade Is not quite automatic forex like a proper Managed account is:
With Zulu you have to watch your accounts to make sure your account is following the signals properly, also you set your own risk and really should have some knowledge of money management before you pick a trader. But is the closest thing possible to automatic forex without being in a proper managed account.
Frankly, I think the fact that you are saving on fees from the normal managed account, it slightly outweighs the babysitting involved for this “semi automatic forex.
And it sure beats the forex Robots that are still being sold in that you have a history you can view that is very real and verified, not made up back test graphs that can be easily manipulated. Would someone really sell a robot that made them good easy money, wouldn’t they have money? Would they really want everyone else to have their holly grail? No, only if it was MORE lucrative to sell the robot than to run it will you find it for sale. And to boot, with all the baby sitting and setting up it’s hardly automatic forex.
While Zulu is like proper managed accounts in that IF the system makes money, so then does the investor AND the manager at Zulu. It does not reward for a failing system like buying a robot that is promoted well will do.
And Zulu beats Signal Services, that’s hardly automatic forex with your needing to be there to make the trades.
Zulu’s ranking system is decent, but you must understand that it is fully customizable, you set the trade sizes in your account based on what you see. There are some Zulu trade professionals that have got it down pat, they have quite a diverse bunch of managers and have chosen the trading size form each one wisely, in essence a self-controlled aggregate managed account with no performance fees, quite remarkable. But this is far from truly automatic forex, and should not be classed as such.
It is much more involved, but is actually quite fun (you can reverse the trades of the biggest failing managers! LOL And they have quite a community rating the traders.
If you like being active with by closely managing manager and being socially active in the comments with both users and managers alike, this may be what you are looking for.
Semi Automatic Forex
Or check out some results from truly Automatic Forex