NPBFX Trading Signals - TU Expert review

NPBFX Trading Signals

Copy trading signals

ZuluTrade and NPBFX — copying trades on an international platform

ZuluTrade is an independent international platform that provides access to a database of traders, whose trades can be copied. The platform provides a variety of options for traders to manage their accounts, set different terms for copying trades, and build investment portfolios with varying levels of risk and strategy types. Portfolios can be used both for passive earnings and to engage other investors.

Pros of ZuluTrade:

• availability of the ZuluGuard mechanism, which protects the investor's deposit from high-risk strategies such as the use of Martingale coefficients.

• signal providers are traders from all regions. Users can trade 24/7.

• NPBFX ensures that orders are executed automatically and quickly.

• Modeling tool. You can simulate potential profit and loss of your strategy taking into account several scenarios of the situation development even before connecting to their accounts.

• Automated risk management. This is automated lot distribution among several traders depending on their trading performance with instant shutdown, if strategy’s statistical parameters set by investors are exceeded.

This is how social trading works: an investor connects to the account of a trader, whose trades are automatically copied to the investor's account. In the case of a profitable trade, the trader receives commission, which is deducted from the investor's income. The terms of copying (percentage of the trader's position volume, fixed or full volume, and risk level) are set by investors through their user accounts.

Copy trading on AutoTrade by MyFxBook

AutoTrade by MyFxBook is an automated trading platform providing for automatic copying of trading signals of traders by investors. It differs from ZuluTrade in more simplified functionality for inexperienced investors. Platform’s users get access to MyFxBook’s analytical tools aimed at deep trading statistics analysis.

Advantages of AutoTrade:

• Strict approach to compiling the rating of traders. Losing and demo accounts do not participate in this rating. If traders become unprofitable and try to adjust the strategy by increasing position volume, they are removed from the rating;

• Opportunity to use demo accounts for training;

• Minimum additional tools. Novice investors only need to understand the mechanism for setting copying parameters. They need neither additional software, nor VPS server;

• Real trading statistics of traders, which can be checked by investors using the investor password.

AutoTrade is a copy trading service for novice traders who want to become signal providers over time.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that NPBFX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.