I want to offer you a concept of the change in the system of profit sharing. Of course, you see, as I see all the traders who have followers that system profit sharing not working. There are two reasons:
- Psychology: each follower signals will easily give 0,5 or 1 point commissions to the broker. It’s not real money is virtual money. In profit sharing, he has to pay 20% of the actual earned money! It’s like a pay and in work: if the taxes paid by the employer - employee does not see and for him it is not painful. But if he should be removed from the purse money, then the employee is experiencing. You put followers in front of a poor choice.
- The most important thing. On Zulutrade not all traders play with stop loss. The signals follower does not have the ability to close a position on their own. And not all traders respect the money of their followers.
I suggest you to make changes.
1. Trader, not a follower has to make a decision on the method of payment.
2. This opportunity should have only the best traders, for example, those traders on Zulutrade for more than 100 weeks. And the moderators need to monitor Zulutrade if trader sets a Stop-loss.
If you make these changes, you will have a lot of clients with large capital. Because, on the one hand, the traders will be more professional, but on the other hand, serious investors will not be afraid for the loss of capital.
May be the fear that the broker will lose? It’s not true. Financial results followers the best traders show it.
Any business, Zulutrade also need to evolve to not die. You have made one step forward with profit sharing. Time to take the next step.