Traders are ranked by a system developed by ZuluTrade known as the ZuluRank. This is an algorithm that assesses each professional trader – known as Signal Providers.
The ranking system analyses trading activity such as, how often the trader logs in, their age, their profit and losses to date, how long a trade stays open as well as other factors.
ZuluRank then positions that trader according to their success.
How the platform boosts Signal Providers
Signal Providers can either trade through ZuluTrade’s platform or they can use the MT4 platform of their choice.
Whenever the providers trade, the results of their actions are ‘broadcasted’ to all ZuluTrade Demo and Live accounts through a signal.
Their results and statistics are constantly updated and published on the ZuluTrade site.
The success of the Signal Providers is self-perpetuating: if they recommend profitable trades, they will be added to the portfolio of ZuluTraders; helping their bottom line.
ZuluTrade pays Signal Providers half a pip per lot for every trade generated in a live account. The financial amount varies because of changes in currency prices, however it averages around $4 per trade, per standard lot.