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Be The Trader

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
ZuluTradeZuluTrade Trader / Signal Provider Demo or Real 0.5 pips per lot traded by a live follower 31 closed trades required to get listed + Max DD < 30% and average pips per trade > 5 to get listed in Europe 50 + brokers, including their own (AAAfx) Forex currency pairs, gold, silver, commodities, indices, bunds ZuluTrade platform (browser, Android and iOS) or MetaTrader Yes (Free) MetaTrader and ZulutTrade scripts all closed and open trades (10 min delay) ratings, comments and forum No ZuluTrade
eToroeToro Popular Investor (aka Guru) Real From $350 per month up to 2% of copiers funds + spread rebate Active live account + display your real name eToro is the broker Forex currency pairs, Indices, Gold, Silver, Oil, selected stocks eToro platform (browser, Android and iOS) No No last 100 closed and all open trades comments No eToro
Ayondo Ayondo Top Trader Demo 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 listed Own broker (ayondo markets) FX currencies, Indices, major commodities, interest rates/bonds, selected stocks ayondo markets (browser) No No all closed and open trades none No Ayondo
Myfxbook Myfxbook AutoTrade Provider Real 0.5 pips per winning trade Min. $1,000 balance, 3 month history, min. 100 trades, DD < 50%, avg. pips > 10, return > 10% 20+ brokers Forex currency pairs MT4 depends on broker MetaTrader scripts provider decides what to share forum No Myfxbook
DarwinexDarwinex DARWIN provider Real 20% success fee on net quarterly profits generated based on ‘high-watermark’ principle 1-2 months history (depending on trade frequency) Darwinex is the broker Forex currency pairs, commodities and indices MT4 No MetaTrader scripts proprietary performance indicators (no actual trades) none No Darwinex
Tradency Tradency Logo Strategy Provider Demo or Real Dependent on follower broker, shared $3.75-$5 fixed fee or 0.15-0.3 pips volume fee 1 month evaluation process 20+ brokers Forex currency pairs Broker dependent (MetaTrader) depends on broker MetaTrader scripts all closed and open trades none No Tradency
InstaForexInstaForex Trader Real commission daily or per trade or per volume of copied trades or profit share (you set value) none InstaForex is the broker Forex currency pairs, commodities, stocks and futures InstaForex WebTrader or MetaTrader Yes (up to free) MetaTrader scripts account balance forum Yes InstaForex

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