Zulutrade Social Trading Platform is a BIG SCAM

Hi all i worked with zulutrade with 57 weeks and gained 20 rank with 70 followers having amount of 150k and they earned 2k within one month, as my commission reached to withdrawl level zulu refused to pay me as to check my all trades for 60 days hold up time. I told them when u deducted the commission from our followers in real time as our trades got executed, then why dont u credit the same to signal providers for which they could not give any satisfactory answer. Further i asked when u deduct the money from followers why dont u revert their money to concerned followers account if our performance which leads not paying to us by the zulu for which they said thats our property. Therefore i left zulu as it is still some followers there but i quit beacuse they are a big scam. They have top 10 their own slots where u cant reach. They will blow the account of followers one by one and to real signal providers there is nothing in the name of scrutiny. i have started here now https://www.mql5.com/en/signals/346026 if someone wish could join me.
https://www.mql5.com/en/signals/346026


regards
anumalik

Dear anumalik,
Thank you for expressing your opinion regarding ZuluTrade's payment of commissions to its Traders.
Kindly note the following important points:

1. Neither Traders nor Affiliates are paid in real-time.
Live Traders who trade with live funds are eligible for the AutoPay Service, which is the
fastest mode of payment. All other Traders may request payment as subject to the Payment Terms and Conditions as defined
in the ZuluTrade Traders Guide.

2. 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.
ZuluTrade Traders Guide, https://www.zulutrade.com/trader-guide#second

3. Kindly bear in mind that 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.

Finally, if all trades are in order and the Trader has no negative PnL, and the defined 60 day waiting period
has been completed, there is absolutely no reason why ZuluTrade should not process a Trader's payment as long as
they are not within any violation of trading compliance rules.

We respect our Traders and dealing dishonestly with them is not an ethic that we condone or embrace.


Best regards,
ZuluTrade Quality Assurance Team

Were you ever paid?

no never paid zulu is biggest scam

I signed up with them recently... tried their platform. I didn't like it too much, there were some technical difficulties the first day already.

Then I read their conditions carefully, seems very hard to get your money. Also I read a lot of complaints of people having trouble with this.
So I decided to leave them, requested to delete my account and all my data but no response except that I could get a free webinar about their system(!??)..
I again then requested them to delete my account and all my data but again no response. I am taking this further now.

I spent with Zulutrade about 10 years as affiliate and a trader. This year I have reached the minimum amount for payout first time. And Zulutrade has declined my first earnings due the 700 points rule. I need to say that the main essence of the situation is not that I was fined, but that with one click someone crossed out all the accumulated funds. Not only for a specific month, or for specific trading positions, but absolutely all the funds that I have collected on this account since the moment it joined ZuluTrade.

I wrote to trader department and talked to manager. He said that the 700 points rule will be canceled in few days for traders with live forex accounts. But month passed... and Zulutrade declined all my funds second time. Do I need to say that this was done on the basis of the same open trading positions, for which all my savings were destroyed the previous time?

And what do you think, all these (so far) about 1000 dollars of commissions were paid back to the users who paid for them, or Zulutrade kept them for themselves, taking them from the followers and not paying the trader? Can it be called a fraud in this case, or what is it called? However, they still take commissions from followers for my work. And I can suspend (not delete) my Zulutrade account only when all orders on the account are closed.