Concerning today’s Forex Trade Copier Service on ZuluTrade, we present Splendid FX. A trader with 72 weeks of history and a ROI of 21,999%, very impressive!
Many dynamic traders ask the same question: Which is the best Zulu trader worth following?
Today we are going to answer that question! We want to introduce the 406th Zulu Rank trader for you to copy, respectively Splendid FX.
We genuinely want to find traders that have everything you need, for your wallet and your success. That is what Forex and Profits is about!
Be sure to accompany us and you will find out all you need to know about this flourishing trader.
A closer look at Splendid FX
Be sure to go through all details before choosing any trader. Go ahead and view Splendid FX‘s historical trading performance on ZuluTrade.
Facts about Splendid FX:
- Zulu Rank: #406
- Amount Following: $1.139,046
- Total Profit: 54,147.4 Pips
- Weeks: 72
- Investors: 1.297
Who is Splendid FX and what is his Forex trade copier service strategy?
- begins his strategy with the fact that he uses multi trade openings
- very keen on trading the EUR/USD currency pair
- an amount of USD $2,000 is required in order to open a 0.01 lot size for each trade and a 100:1 leverage (Calculation mode: Fixed – to trade in proportion to the trader)
- you need at least $600,000 to copy all of his trades with the same lot size opening as his – 100% ratio and 100:1 leverage as per his advice (Calculation mode: Pro-Rata – to set a fixed monetary amount)
- copying all of his trades will get the ideal and the same rewards as he does according to the trader description
- makes use of stop loss action very fast and even if he does not immediately take profit on the spot. (This is just temporary because he always monitors them internally.)
- trading time usually varies from a couple of minutes to several days
- preferred trading hours currently is European time
- how is he trading? Strong fundamental Forex knowledge as well as a robust technical analysis
- the trader ends his trading strategy with the idea that he also likes trading during news time
Disclaimer: Please note – the information is based on what the trader himself has written in the trader’s description. We are not responsible for any of the given information in this article. Forex and Profits is about helping like-minded traders find information that can be useful from other sources, in this case – from ZuluTrade.
This trader has a lot of knowledge to back up his experience and he has been active on ZuluTrade since October 2018. It is very clear that he is a veteran trader that is worth following any time. A good thing is that you can always go through his entire history, since there’s no way to hide old performance in Zulutrade.
What to expect of his trading style
He usually prefers using a direct, live and manual trading account because he places orders very fast during European trading hours.
This way he manages them very fast and tracks them internally for the benefit of the follower. He has a lot of experience in the financial trading branch. This experience lifts the Forex trade copier service to an entirely different new level based on well-developed strategies that he implements daily.
Profits in Pips
He has a great profit of 54,144 Pips, which makes him a great option on any follower’s list.
He is followed by a huge number of 1,297 investors which means that he is trusted by many market participants and is more than able to bring strong results. After all, he is currently number one.
Cons – the average Pips
A small yet negative aspect is that he has some losses and this requires a little bit of care, but it is more than clear that the positive side is far stronger than the negative side.
The average pip gain for this trader stands at 1.9 which is ok, not amazing, but still rather good. There is a moderate slippage of 2.5, but this suggests only that the losses are swiftly covered.
He currently has a maximum drawdown of 4,300 Pips which is rather fine for anyone to follow, but at least he shows potential in jumping above this negative ratio fast.
Final Verdict – Is following Splendid FX a good idea?
Based on the current performance we want to give Splendid FX 5 stars!
Splendid FX looks like he can keep your profits up, takes little risk and uses a small return approach. He usually makes use of EA’s, which is somewhat good especially when the trading markets are on high movement, but immediately steps in on manual to protect your investments.
Short term investors looking for a quick profit run the risk values might end up having their funds erased quickly, so use a lot of caution.
Need more tips on picking the ideal trader to follow? Take your time and read our tips and tricks.
Always choose the long manual run because long term investors always benefit from fluctuations.
Splendid FX is definitely a great example of the Forex trade copier service.