I don’t know what came into their heads, but the so called “award winning” forex broker, Hotforex has decided to drop Zulutrade platform.
What the hell is wrong with Zulutrade that they decided to close it.
This is the quote of the email message i received from Hotforex regarding the Zulutrade suspension on 18th December, 2013.
In light of recent events surrounding the ZuluTrade Platform and MetaQuotes, we are writing to inform you that as of the 4th January 2014 we will no longer be offering the ZuluTrade Platform as a product to our clients.
The ZuluTrade positions must all be closed prior to this date and in the event that any positions are left open they will be closed at the prevailing market prices on the close of market on Friday the 4th January 2014.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase. Click the Banner Below To Register Now:
Note: If your language is not English, you should use the language dropdown menu at the top of their page to select your language.
Whilst this is unavoidable, rest assured that HotForex remains committed to providing you with the excellent service that you have become accustomed to combined with the product offering you expect to receive.
We will therefore be launching new social trading services in the near future.
We would like to apologise for any inconvenience this may cause you. If you have any questions please email us at [email protected]
The HotForex Management
A repeat of the same email was also sent to me on 2nd January, 2014 as a reminder to the closure of Zulutrade. That was the time i realized that Hotforex meant what they said.
I wonder the kind of bad events in Zulutrade that had made Hotforex to take such a hasty decision. They didn’t even consider the fact that up to 35% of Zulutraders are using Hotforex broker.
Who knows, majority of their members are losing while trading with the zulutrade platform. I just thanked God i didn’t go further to connect my Hotforex account with Zulutrade because they didn’t accept my favourite payment processor 😉 .
Today, am happily trading and making huge profits with that same Zulutrade and my Nordfx account with my own setup.
I sense that majority of traders fail because they’ve not realized how to set up Zulutrade efficiently to minimize all risks.
A single draw down of up to 250 pips from a signal provider is enough to wipe off most traders’ accounts up to the level of margin call. I suspect, this is the reason why they’ve decided to suspend Zulutrade permanently until they find another suitable social trading platform
Tell us what you feel about this recent happening on Hotforex below. For me, i don’t think it’s worth closing down Zulutrade entirely.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
August 23, 2017 By Warren
Some social media users have been blasting and trolling Meir Barak of Tradenet because he said in one of his...
June 7, 2017 By Warren
Is Forex School Online going to really teach you the right skills needed to make money from the markets? We...
June 6, 2017 By Warren
The word ''Forex'' is an intriguing phrase for most people. That alone makes the Forex market a healthy breeding ground...
June 6, 2017 By Warren
Traders Elite (traderselite.com) is a scam that claims to have the secret of identifying the exact millisecond to enter and...
June 4, 2017 By Warren
The Forex market is a lucrative place to be. However, it is also a conducive environment where scams like Super...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More