Be The Trader To Follow | SocialTradingGuru.com

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.

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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

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Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.