ZuluTrade exits US Retail Forex market withdrawing NFA membership, finalizes $30,000 settlement LeapRate

October 04, 2016 BY LeapRate Staff

ZuluTrade exits US Retail Forex market withdrawing NFA membership, finalizes $30,000 settlement

LeapRate Exclusive... 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…

May 01, 2016 BY LeapRate Staff

NFA charges ZuluTrade and CEO Leon Yohai with minimum net capital, AML and supervision failures

ZuluTrade and Leon Yohai have 30 days to issue a written response to the NFA's complaint, which could result in expulsion or suspension for a specified period from NFA membership.

September 09, 2014 BY Gerald Segal

Zulutrade fined $150,000 by the CFTC for taking clients from Iran, Sudan and Syria

The CFTC has announced a settlement with social trading giant Zulutrade, whereby Zulutrade will pay a fine of $150,000 and repay commissions earned of $80,000. The settlement involve charges that from 2010 to 2013 Zulutrade failed to follow procedures for screening clients from the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) targeted countries.…

Tag: Zulutrade fine