Another regulated forex broker HotForex has decided to stop its partnership with ZuluTrade platform. According to the broker, starting from 4th January 2014, Zulutrade will no longer be available, due to the “recent events surrounding the ZuluTrade Platform and MetaQuotes.”
We assume that by recent events, the broker talks about the publication by MetaQuotes, calling brokers to cancel their partnership with the third party developers who apparently “hacked” MetaTrader 4 platform to sync their own signal trading service.
Just recently, Alpari has cancelled its operation with Zulutrade and introduced the MetaTrader Signals instead.
ZuluTrade’s CEO, Leon Yohai denies the hacking allegations, however the most powerful forex trading platform today manages to cause the brokers to cease their relationship with Zulutrade anyway.
HotForex traders who have been using Zulutrade were forced to close their position yesterday. The broker sincerely apologizes for the inconvenience and promises a new solution to social trading services in the near future.