LeapRate has learned that social trading platform provider ZuluTrade has decided to withdraw its status as an NFA licensed introducing broker (IB), and exit the US retail forex market. ZuluTrade has been an NFA member since 2008, when it was one of the early entrants in the social and copy trading space. ZuluTrade’s NFA membership was terminated as of July 14, 2016, as well as its status as a ‘Forex Firm’ and an Introducing Broker. The decision by ZuluTrade follows charges brought against ZuluTrade by the NFA earlier this year involving minimum net capital, anti-money laundering (AML) and supervision failures. ... (full story)