Why is Zulu Copy Trading run the way it is run, without much care about whether traders / investors are making money / sharing in the success of Zulu (commissions)?
See article below re Formax Group and who owns AAAFX and also my experience so far -with 15 years trading and fund management experience to draw from.
ZuluTrade acquired by the Formax Group from China
The famous Social and Copy Trading platform, one of the first in the industry, was acquired by Formax Group, a large Chinese group with offices in the United Kingdom, Australia, New Zealand, Hong Kong and Vietnam, and branches in 33 major cities in China, including Beijing, Tianjin, Shanghai, Shenzhen, Guangzhou, Wuhan and Chengdu.
Formax Group operates in the field of integrated financial products and offers asset management services, investment consultancies and financial credits.
Among the services offered by Formax Group are infrastructures for trading on US and HK stocks, and forex currencies, P2P services, small and micro loans and other financial services related to the Fintech field.
Formax Group, led and founded (in 2012) by Bill Wang, hasn’t simply acquired the ZuluTrade platform, but also includes the other subsidiaries of the group of Leon Yohai, founder and CEO of ZuluTrade.
In addition to ZuluTrade, the deal includes the acquisition of the Greek-based brokerage firm Dayo Innovative Trading Ltd., which operates under the well-known name of AAAFX, and is the real holder of the ZuluTrade patents.
Zulu will not change things / how the platform is managed so that the best traders and investors can make money when they work hard.
The over-emphasis on PIPs PIPs PIPs is ruining this social copy trading platform and we all are waiting for the much needed changes to be made – proper ranking algorithm for trading performance, equity as the main factor of displaying performance and offering copying of traders strategies — MUST copy the traders risk management as well as the entries and exits.
Perfect case of all this toxic environment is looking at the “REAL INVESTORS” TAB / “LIVE INVESTORS SUMMARY” on my profile.
- How can investors lose so much / when my equity curve is at equity highs?
- Look at almost every investor in the Real Investors left margin section, and you will see that they are NOT COPYING my PIPS / EQUITY that I am trading on the master account. It is not even close.
This is due to latency, poor spreads at investors brokerage, and investors copying at their own lot size and closing trades at their own discretion. THIS IS NOT COPY TRADING.
AND BECAUSE OF ALL THIS, I AM NOT GETTING PAID COMMISSIONS.