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Alpari's 5 Ideological Reasons to Dump ZuluTrade for Metatrader Signals

As of today, November 25th, Alpari Limited – the Russian subsidiary of the global group of Forex brokers Alpari stops supporting social Forex trading service ZuluTrade. In Alpari's forum, Tigran Unanyan from the consultation department of the company enlists the reasons for the broker preferring to stick with Metatrader's signal copying service and dropping ZuluTrade.

 
Click on photo to enlarge
 
According to the post, the two services' scopes overlap but the Metatrader service was chosen because it implied ideologically correct principles.
 
1. paying for the signals based on subscription instead of a commission which allows providers to benefit from artificially boosting volumes in order to get more commissions, while the copier pays for loss-making deals.
2. The principle one account-one signal, which means that a copier can copy a single SP from a single account. The portfolio of signals to follow is seen as a way to risk too much, ultimately hurting the broker.
3. The Metaquotes' service allows for copying the money management settings of the SP.
4. All signal providers on Metatrader Signals service will be working with Alpari, and the followers will be using Alpari, hence the slippage will be reduced to minimum.
5. The Metaquotes' service is integrated with Metatrader and clients don't have to open separate accounts to use it.
 
OK, the clear advantages of copying signals directly on Metatrader 4 and the lack to open a separate account are undisputed. Another obvious plus against which we are not going to argue is that the commission-based pay system of ZuluTrade is plagued with possibilities of manipulation. 
 
Apart from these, the other principles are a bit controversial. The one that pledges reduction in slippage is unconvincing – a fellow trader who uses (used to use) Alpari's services on ZuluTrade has complained that while a signal travelled from his Alpari's SP account on Zulu to his Alpari's follower account, the slippage grew to 2 pips. 
 
The argument about one account-one signal is in fact limiting traders' freedom to select several providers, thus protecting their funds, as while one SP may be having hard times, the other may be making gains. Moreover, there seems to be nothing wrong about picking several Sps when there are many successful traders out there. 
 
Regarding money-management, it's a good thing when the follower is able to set own stop-loss levels and trade with micro lots, instead of standard lots, as his SP does, to have an example. Yes, there will be differences between the copied and the original signals, but this is up to follower's own will. 
 
Last, but not least, talking about ideologically correct principles nowadays is somewhat annoying, especially in the field of business. 
 
You can follow the forum discussion (in Russian) here.
 

About Alpari

 
Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars.
Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.
TAGS: alpari  alpari russia  alpari limited  alpari forex broker  alpari zulutrade  zulutrade  automated trading  forex trading  forex signals  metatrader 

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