Zulutrade affiliate program review - how much you can earn?

[Daceyank]

Recently I bumped into zulutrade affiliate program offer. Before I saw revshare offers only from the brokers which now switched to CPA. But I always hesitated because the biggest part of brokers is aimed for the clients to wipe out their deposits. And I always was thinking, that revshare is not an option for forex affiliates. I started to go deeper and find out, that there are some brokers, who work only with revshare. For example, weltrade, axitrader, zulutrade. I have a question regarding this. Have someone ever dealt with the forex revshare affiliate programs promotions? Is it real to make some money out of it?

 

[Graybeard]

Well, I sure see a lot of hype about FOREX.

If a broker is licensed in a *'responsible' jurisdiction* that broker cannot pay a commission (e.g., 'rev-share') to a person who is not also licensed by that jurisdiction (or some corresponding jurisdiction).

You would be nuts to use some Cypriot, Eastern European or other *shady* FOREX broker.

So, is your question can I make money scamming investors? Possibly.

Could you be indicted for this -- the possibility is remote but has been known to happen depending on how much money is involved and the jurisdiction you are resident (domicile) in.

If you are interested in financial trading -- sell software. That is a pretty safe bet all around. Or, get a license and go legit

 

[jonte]

ZuluTrade is a fraudulent operation, I know that from past experience. I'd steer well clear of anything to do with them. Shady practices, much like many other "forex brokers" online.

 

[Daceyank]

Well, I sure see a lot of hype about FOREX.

If a broker is licensed in a *'responsible' jurisdiction* that broker cannot pay a commission (e.g., 'rev-share') to a person who is not also licensed by that jurisdiction (or some corresponding jurisdiction).

You would be nuts to use some Cypriot, Eastern European or other *shady* FOREX broker.

So, is your question can I make money scamming investors? Possibly.

Could you be indicted for this -- the possibility is remote but has been known to happen depending on how much money is involved and the jurisdiction you are resident (domicile) in.

If you are interested in financial trading -- sell software. That is a pretty safe bet all around. Or, get a license and go legit

Graybeard, thanks for your warnings regarding the jurisdictions. I didn't go that deep into this question.

I'm really sorry. My first post was confusing. I placed zulutrade together with weltrade, axitrader. But zulutrade - this is a copy trading service. Other two companies are classic forex brokers. This way zulutrade doesn't have access to its clients' accounts. All money is stored at the partners.

Nevertheless, after your post, It seems to be important to check zulutrade partners regulations. I found the full list of the partners (there is a dedicated page on the website "Supported Brokers"). There are about 30 brokers. Checked a few randomly. Found, that PhillipCapital, FXCM regulated by the financial conduct authority (FCA) in the UK. As far as I know, it is a strict regulator. There are of course some brokers which are regulated in offshore. For example NPBFX, insaforex (I didn't hear anything about these regulators, that is why I don't write their names). I contacted support to check if there are any other catches. It turns out that zulutrade is regulated by HCMC on the territory of the EU. And EU citizens can join zulutrade only through the defined brokers, which obtain EU legislation. There is even a separate link in the section "Supported Brokers" for EU citizens.

It turns out that the referrals you will be bringing will be able to choose broker by themselves. But here it all would depend on the traffic sources. As we just find out, if you bring the investors from Europe, they will have an opportunity to open the accounts with the regulated brokers. But you asked a very good question: "Can I make money scamming investors?". It appears that if referrals open accounts not with "the right" broker, then it is possible. But zulutrade itself cannot influence it - to trick the investor or not. Probably that is why zulutrade affiliate program is tailored to revenue share.

You are offering sell software. Zulutrade in certain sense is software. Because they offer the platform for investors to copy the deals. But all the deals are closed on the broker's side. Though that's a stretch. Because in my understanding software are paid programs, which help to trade, like MT4 robots. But to be honest it seems to be more of a scammers topic. And most of software are about this... Because if there is a software, which can trade with profit instead of you, we would not require professional traders already for a long time..

 

[Daceyank]

ZuluTrade is a fraudulent operation, I know that from past experience. I'd steer well clear of anything to do with them. Shady practices, much like many other "forex brokers" online.

Could you please clarify what you mean by that? Are you sure, you are not mixing it up with something else? Because zulutrade is not a forex broker. I wrote about it in my last post. I don't really understand how they can hustle their "shady practices" (because they don't have access to the clients' accounts). I can only guess, that some of zulutrade partners broke the agreements and other participants suffered from it.
I know for sure, that there are some forex brokers doing something fishy and trick their affiliates. For a long time, everything connected to forex kept me away. But I decided to take a closer look at this vertical.
You look like an expert at push traffic, have you tried such with zulutrade in the past?

 

[jonte]

Could you please clarify what you mean by that? Are you sure, you are not mixing it up with something else? Because zulutrade is not a forex broker. I wrote about it in my last post. I don't really understand how they can hustle their "shady practices" (because they don't have access to the clients' accounts). I can only guess, that some of zulutrade partners broke the agreements and other participants suffered from it.
I know for sure, that there are some forex brokers doing something fishy and trick their affiliates. For a long time, everything connected to forex kept me away. But I decided to take a closer look at this vertical.
You look like an expert at push traffic, have you tried such with zulutrade in the past?

I have first hand experience. When I was young and dumb a number of years ago I signed up for Zulutrade and was paired with a "success manager" who basically encouraged me to keep depositing more and more money into the forex account I'd linked and set me up with "good" traders to follow. The first couple of weeks were unbelievable, I was making insane returns - almost too good to be true . Anyway, after that initial success I tried to withdraw and that's when all the traders I was following mysteriously started making huge losses and practically drained the account in a couple of days. Now it could all be one huge coincidence but probably not. I'm sure Zulutrade have some sort of special deal with the brokers they accept and would profit from losses. Or it could just be that the particular broker I was using was fraudulent and it was just coincidental timing that lined up with the zulutrade traders all losing huge %. I'm sure I'm forgetting some details because it was a while ago but let's just say my experience was far from successful. You'd have to talk to other people that have used the platform to determine if some are successful or if they all had the same experience as myself.

 

[azgold]

Years ago there were phone rooms called "boiler rooms"

For the young and boiler room uninitiated.

 

[Graybeard]

Years ago there were phone rooms called "boiler rooms" were financial scams originated from. Managed commodities accounts (churn and burn operations), Oil wells -- working interest partnerships, Oil drilling land lease federal and state lotteries. Today -- THE INTERNET. it just keeps getting easier ...

 

[Aveathlei]

Recently I bumped into zulutrade affiliate program offer. Before I saw revshare offers only from the brokers which now switched to CPA. But I always hesitated because the biggest part of brokers is aimed for the clients to wipe out their deposits. And I always was thinking, that revshare is not an option for forex affiliates. I started to go deeper and find out, that there are some brokers, who work only with revshare. For example, weltrade, axitrader, zulutrade. I have a question regarding this. Have someone ever dealt with the forex revshare affiliate programs promotions? Is it real to make some money out of it?

So, let's figure it out.
First. Not all the brokers are scammers. They switched to CPA due to compliance most of them
Second. zulutrade is not a broker, but a copytrading Platform service, they offer copytrading technology to brokers, they don’t execute trading orders or hold investors funds, those are on the broker side. so Zulu can offer Rev Share without problems.
Third. How much money actually is possible to make will always depend on the final ROI. It doesn't matter which commission type you choose: CPA, revshare or hybrid. That is why let's go over the ROI formula.
ROI = Net Profit/Total Investment * 100
If ROI>1%, this means you can start to earn.
The problem of all the revshares that they have delayed effect. First, you are gathering the referrals. They start trading with small trading volumes and then slowly grow deposit. I wouldn't suggest trying revenue share if you don't have a nest egg. Because you can run low for a certain period of time. And also keep in mind, that all the affiliate programs usually ask to confirm the status by bringing new referrals in certain period. If you do not confirm the status, you won't be paid. That's why I think that revshare is for real pros in affiliate marketing that generate organic traffic. Buying it on Zeropark or other platforms is feasible, but you need to measure your campaigns to be sure you make a profit and also be able to wait for higher returns month on month.

 

[Daceyank]

So, let's figure it out.
First. Not all the brokers are scammers. They switched to CPA due to compliance most of them
Second. zulutrade is not a broker, but a copytrading Platform service, they offer copytrading technology to brokers, they don’t execute trading orders or hold investors funds, those are on the broker side. so Zulu can offer Rev Share without problems.
Third. How much money actually is possible to make will always depend on the final ROI. It doesn't matter which commission type you choose: CPA, revshare or hybrid. That is why let's go over the ROI formula.
ROI = Net Profit/Total Investment * 100
If ROI>1%, this means you can start to earn.
The problem of all the revshares that they have delayed effect. First, you are gathering the referrals. They start trading with small trading volumes and then slowly grow deposit. I wouldn't suggest trying revenue share if you don't have a nest egg. Because you can run low for a certain period of time. And also keep in mind, that all the affiliate programs usually ask to confirm the status by bringing new referrals in certain period. If you do not confirm the status, you won't be paid. That's why I think that revshare is for real pros in affiliate marketing that generate organic traffic. Buying it on Zeropark or other platforms is feasible, but you need to measure your campaigns to be sure you make a profit and also be able to wait for higher returns month on month.

lol. You wrote some obvious stuff in the third point. It's clear that you need to calculate the ROI.
My question is more about how much you can really make. I want to hear something like this. You bring 10 referrals in 3 months, you will get in total - $5000. Total amount spent - $2000. Net profit- $3000. This kind of statistic would be interesting!

 

[Graybeard]

Marlowe -- the closer scam

 

[Daceyank]

I have first hand experience. When I was young and dumb a number of years ago I signed up for Zulutrade and was paired with a "success manager" who basically encouraged me to keep depositing more and more money into the forex account I'd linked and set me up with "good" traders to follow. The first couple of weeks were unbelievable, I was making insane returns - almost too good to be true . Anyway, after that initial success I tried to withdraw and that's when all the traders I was following mysteriously started making huge losses and practically drained the account in a couple of days. Now it could all be one huge coincidence but probably not. I'm sure Zulutrade have some sort of special deal with the brokers they accept and would profit from losses. Or it could just be that the particular broker I was using was fraudulent and it was just coincidental timing that lined up with the zulutrade traders all losing huge %. I'm sure I'm forgetting some details because it was a while ago but let's just say my experience was far from successful. You'd have to talk to other people that have used the platform to determine if some are successful or if they all had the same experience as myself.

I took some time to check around a little bit and ask other people. The history is similar to those time when brokers were messing around and making an outrage. It would be enough to name banc de binary or skyfx stories. These were real boiler room as somebody said here. It seems like you got one of “success manager” of such a broker because zulutrade doesn’t call the clients as far as I know. Or at least doesn't call now
Selected Brokers in zulu platform call the user that are on pending status to activate them and deposit funds, which is a good conversion tool at least for affiliates...
You mentioned one interesting thought that zulutrade could earn on clients’ loses. This has been approaching by some unfair brokers. For sure you heard about the affiliates programs, where the commission depends on the volume of wiped out money by referral. Someone's got a twisted sense of revshare. And if the client wins you will be taken away a part of the commission, the terminology I found on some forums was “negative carryover”, if the advertiser (casino/betting) lose money, the affiliate lose too part of the commission.. Some online casinos and unfair binaries options brokers behave like this. If zulutrade affiliate program offered conditions like that I would agree with you immediately. However, zulutrade pays the commission based on the trading volume, regardless of the outcome of the trade (Win or Lose). Everything is transparent here. Honest brokers are making money on spreads. And can share with their partners only the profit from the spreads. Probably this is why zulutrade also doesn’t have a model of the payment for the lead. CPA makes me think, that broker has to hide something about its business processes. But I’m sure, that your story has actually happened. Seems like you had seriously bad luck. That is why I brought the question about regulation here. If you choose the broker with the trustworthy regulator – you are highly minimizing your chances to be tricked. So in order to generate the traffic on zulutrade, I would direct the leads to open the accounts with the brokers, who have licenses. I imagine, in section "zulutrade supported brokers" on the landing page can be placed PhillipCapital, FXCM, for example. And additional put the description about how cool their regulators are.

 

[Aveathlei]

lol. You wrote some obvious stuff in the third point. It's clear that you need to calculate the ROI.
My question is more about how much you can really make. I want to hear something like this. You bring 10 referrals in 3 months, you will get in total - $5000. Total amount spent - $2000. Net profit- $3000. This kind of statistic would be interesting!

It doesn’t worth it to make calculation according to revshare that way, you just described. The biggest part of the clients is bringing the commission during the extended period. I’m going for that the primary KPI metric with a revenue share model of cooperation is LTV

 

[Daceyank]

Here I agree with you. But there should be the affiliates who think alike, otherwise how you would understand whether you have a profit or not.
LTV is a cool indicator, but you need to have some statistics for it. I think you can calculate it properly only after 6-12 months of stable work with revshare on a spesific advertiser.
Thanks for the tip. I will note down that I should gather the data from the very beginning to calculate average ltv. I’m a fan of exact statistics! I’m sure that all the financial indicators should be fixed immediately. Starting from the small stuff like buying proxy, withdrawal commission from the affiliates program and ended up with the central spending.

 

[Sajjadur Rahman]

who work only with revshare. For example, weltrade, axitrader, zulutrade.NEW confused acronym for internet scammers

 

[Faelmaran]

who work only with revshare. For example, weltrade, axitrader, zulutrade.NEW confused acronym for internet scammers

Sajjadur Rahman, axitrader has CPA. Zulutrade and Weltrade have revshare only. Or is this some kind of SPAM?Your sentence is somewhat not consistent…
How is zulutrade doing with withdrawals?

 

[Daceyank]

It says on the website that the withdrawals are possible from 100 dollars. It can be done twice per month. There is a commission on withdrawal based on the withdrawal method (wire transfer, paypal, and zulutrade mastercard. sure thing, there is a verification and hold periods. As I understand zulutrade should get the money first from the supported brokers and only after that they can be accepted to the account and be available for the withdrawal

 

[Graybeard]

LTV at DuckDuckGo
NEW confused acronym for internet scammers
You haven't lived until they burst into your office in 'acronym windbreakers' , flash their badges and hand you a warrant.

Book 'em Dano

 

[Faelmaran]

How fast can I open an account with zulutrade affiliate program? Do I need to have a Skype call with the manager to open an account or it happens immediately? I don’t want to leave my contact details in case I will have to communicate via the phone later.

 

[Daceyank]

No, they don't have any problems like that. You can use account right away after you register. It takes less than a couple of minutes. So nobody will bother you with phone calls for no reason...

 

[Faelmaran]

Aha, this is exactly how it is. Contacted online chat support on the website and they told that account is opening immediately and it is better to do the documents verification right away. So it seems that there are no problems to open an account in order to check out the interface.

 

[Tujora]

When I was just starting making money on the affiliate programs, I didn’t spend that much time on forums, I was trying to figure out the things just by guessing them or contact the support right away. I think, I managed to do everything even faster. it will take you a few days to wait for the answer at forums. support is kind of faster, it’s their job and they are doing it well And I rarely visit forums just for fun But I realised, that support can`t ask you about all the things.
So if we have started the discussion here about the money you can make on zulutrade affiliate program, I will share my experience. Moreover, I also cooperate with Zulu.
The first thing I would like to advise those who want to promote zulu affiliate program – promote also broker which will give you better comissions. Chose those, who have a best licenses just to stay on the safe side. Although all supported broker have a good reputation, there are no scammers companies on that list. back then I checked a whole bunch of forums and ratings on that matter. And go ahead!
By the way, during the 3 years of my work there I didn’t get any claims from the referrals regarding the problems with one of the brokers or zulu, and almost all referrals have my contact details.
Personally, I constantly receive payments. The main thing is to keep up the activity and invite at least 11 new referrals per evaluation period. That will keep the highest comission plan for you and the payments will be maximum. Of course, not all the referrals stay for a long time, somebody becomes disappointed, somebody just stops being interested… Not everyone makes money on Forex, this is not a boiler room On bolier rooms is where super income was promised to everyone, lol.
It’s important, to be honest with the referrals and not overreact with the advertisement. Zulu itself does not support too insistent commercial both in terms of the general profitability. And I also stick to this rule, I describe to referrals how I see the service honestly. It doesn’t fit everyone, but there is always someone who is interested.In case you are just thinking to join the affiliate program or not - just make a try.