Make Money and Become a Forex Trader to Follow

Whether you’re a professional or an amateur Forex, commodities or indices trader, the social trading networks offer you a great opportunity to make some extra money with your trading skills. You may not even need to use any money to trade or start with yourself depending on the network you use.

How much you get paid as a Forex trader will obviously depend on how successful you are. The more successful you are, the more people will follow you and the more successful you are. Results and consistency will obviously be the main factor people use when they decide whether to copy your trades via the social network. However, because of the “social” aspect of some of the networks, you may also get some additional followers if you communicate actively and professionally with your followers.

Depending on the social trading network the process of how to become a trader people can follow and how much money you can make will vary. The program names differ as well, but all the details are explained on the following pages:

Below is a table comparing the key attributes of the programs offered by the various social trading networks for becoming a trader their customers can follow and copy:

Social Trading Network
Program Name
Account Type
Revenue
Network Requirements
Broker Choice
Instruments Traders Can Trade
Trading Terminals
VPS
Use Robots/Scripts
Information Shared
Social Interactions
PAMM
 
 
 
Website
ZuluTradeZuluTradeTrader / Signal ProviderDemo or Real0.5 pips per lot traded by a live follower31 closed trades required to get listed + Max DD < 30% and average pips per trade > 5 to get listed in Europe50 + brokers, including their own (AAAfx)Forex currency pairs, gold, silver, commodities, indices, bundsZuluTrade platform (browser, Android and iOS) or MetaTraderYes (Free)MetaTrader and ZulutTrade scriptsall closed and open trades (10 min delay)ratings, comments and forumNoZuluTrade
eToroeToroPopular Investor (aka Guru)RealFrom $350 per month up to 2% of copiers funds + spread rebateActive live account + display your real nameeToro is the brokerForex currency pairs, Indices, Gold, Silver, Oil, selected stockseToro platform (browser, Android and iOS)NoNolast 100 closed and all open tradescommentsNoeToro
Ayondo AyondoTop TraderDemo or Real$1 to $5 per lot traded in live follower accounts (depending on your performance)number of trades and positive performance required to get listedOwn broker (ayondo markets)FX currencies, Indices, major commodities, interest rates/bonds, selected stocksayondo markets (browser)NoNoall closed and open tradesnoneNoAyondo
Myfxbook MyfxbookAutoTrade ProviderReal0.5 pips per winning tradeMin. $1,000 balance, 3 month history, min. 100 trades, DD < 50%, avg. pips > 10, return > 10%20+ brokersForex currency pairsMT4depends on brokerMetaTrader scriptsprovider decides what to shareforumNoMyfxbook
DarwinexDarwinexDARWIN providerReal20% success fee on net quarterly profits generated based on 'high-watermark' principle1-2 months history (depending on trade frequency)Darwinex is the brokerForex currency pairs, commodities and indices MT4NoMetaTrader scriptsproprietary performance indicators (no actual trades)noneNoDarwinex
Tradency Tradency LogoStrategy ProviderDemo or RealDependent on follower broker, shared $3.75-$5 fixed fee or 0.15-0.3 pips volume fee1 month evaluation process20+ brokersForex currency pairsBroker dependent (MetaTrader)depends on brokerMetaTrader scriptsall closed and open tradesnoneNoTradency
InstaForexInstaForexTraderRealcommission daily or per trade or per volume of copied trades or profit share (you set value)noneInstaForex is the brokerForex currency pairs, commodities, stocks and futuresInstaForex WebTrader or MetaTrader Yes (up to free)MetaTrader scriptsaccount balanceforumYesInstaForex

Last updated: May 17, 2017

If you like this info, please share it to say thanks: