[pip hunter]

Originally Posted by Pharaoh

Those actually sound like very reasonable terms. Since the payments are handled externally to the account and you chose your own broker, there's no significant risk of fraud from the manager's side.

this is exactly why it sounds to good to be true, i didnt believe it until i tried it since last 3 months or so, and up to now my account is nearly 53 % , the worst drawdown was arround 40 % in terms of equity, i mean floatting losses, but he rarely close a position with a losses, he has a way to know the stronglevels, and to reverse on the right time.
I started with the minimum of USD10,000, until i can be sure what is he doing, he just trade 1 mini lot, and maximum 5 to 8 mini lots, which is fine, and u can handle a hundreds pips drawdown

I would still want to see his performance over an extended period, and to discuss risk management and other issues first. Some traders are capable of amazing returns 80% of the time. The other 20% of the time, they end up with a margin call.( as long as he is using 5 to 6 mini onn a 10thousands account, that risk is not more than 5 % to happen)

This is why he is using a company called zulutrade, as to get a 100 % transparency, i mean u know some statement can be modified, but there in zulutrade, there is no way to make any modification, just log in to zulutrade website
go to the perofrmance page and check his ID, "forexforex" and you will get his full history, the running weeks i guess they r 18 or 20 weeks not sure, which means 5 months from now, and the profit is nearly 200 %, he has more than 200 subscribers with him, and the largest cumulated drawdown was 5000 pips, which means the worst case 50 % of a 10,000 USD account

I would also want to have a better understanding of the whole ZuluTrade operation. Do they act as IBs in this case? If so, that would result in some limitations on the range of brokers, and would give them at least some motivation towards recommending managers with a tendency to overtrade. I don't know enough about them to know if they would give in to such temptation or not.

Zulutrade act like an IB to FXCM and another broker(man financial i guess), it means u should open an account with one of them in order they can connect you to one of the signal provider that you free to choose, and they will get one pip on each trade,
but i tried them and u r right as u said, sometime the provider will close the trade on his screen and it will show a winner in his performance, while it is still open in our plateforms, add a lot of trouble, in freezing and delaying,
thats why i recommend to try the guy directly .
Add to that a very important reason to deal with him directly, it is because he will know how much u have in ur account and he will open the lots as per your drawdown or size of the account,
There in Zulu he recommands that u have at least 50K$, in order to avoid his large drawdown as sometime he doesnt close or open the trade on time, because he gives the priority to the accounts handled by him directly.
thats why the results are better and drawdown is smaller.
Zulutrade doesnt provide any email ID or contact number for any provider, in order to preserve their rights, and to not let someone deal directly with the provider. BUt i was lucky to know this guy from one of the forums, andnow i have a direct contact withhim.
Thats why in case if anyone is looking for a very secure account manager, that suits your convinience, i recommand this guy

Regards
ED