Hey Clint, a little broker research has led me here so I thought I would say hi. I hope all is well
Hey, John, it’s been a long time.
Are you still in Texas, or back in Connecticut ?
It’s good to hear from you again.
I’m still in CT. We decided not to move to Texas after all. Not much has changed. I’m still married, still trading just getting older.
Nice to see your still around. Maybe I’ll pop in and see how people are doing. Just not as much time as I used to have. I still do electrical + trading + family = barely any time for anything besides sleep.
Great work on this thread by the way. It might be one of the most useful threads on brokers on the whole internet.
Sorry to hear you’re getting older, John. — I decided long ago not to do that.
Pop in anytime, Bro. It’s good to know you’re still around.
.
Hi Clint
Do we know any offshore brokers that allow stocks trading using Mt4. I know FxPro allows stocks trading from US, UK, France, Germany but they do not allow US clients.
UPDATE ON FinProTrading.com (UK) and TradersWay.com
Our little partnership has settled on these two brokerages, which offer
a combination of very good pricing, leverage or performance.
FinProTrading.com offers the best pricing I’ve seen, and we’re seeing
performance Order execution times which are extremely good. Cancellation
is around <100 milliseconds, and executions typically under 400 milliseconds
factoring out ping times, presumably due to their more “direct” connection
as shown by MT4. We have a server colocated in England, and I’ll be
getting some of those measurements soon. Their leverage is max 200:1 .
While their customer service and funding is a bit slow, they are very good so far.
Tradersway continues to be the all around “king” for excellent pricing, leverage and
being easy to work with and reliable. We use it for the less performance
intensive work, as their execution times are from 500 msecs to 1000 msecs
or more sometimes, as they don’t have direct connection. This doesn’t
affect “normal” trading, and is only an issue for micro scalping. Funding
is quick, and they are very responsive to any issues.
For multiple orders cancellations, we use the NJ4X.com framework, which
permits us to allocate multiple parallel MT4 terminal instances, which
multiplies our ability to do multiple order operations in a given time, as
for example, closing or cancelling a dozen or so filled positions, or
limit orders very quickly. (EDIT: attach NJ4X servers image)
I should say that the “core” of our trading is not this type of scalping,
but is more of a Swing trading operation with constant monitoring
of all positions across 28 Currency Pairs, over much longer periods of
time. Very often, micro scalping or day trading is a lot of work, but
yields limited profits PER unit of work spent at the terminal. Far better,
in my view, and I had to change my mindset on this; better to take
the 4 hour - 48 hour moves or longer.
Hope this helps with the confidence ratings on these two brokerages.
hyperscalper
Pricing and data rates for FinProTrading.com and TradersWay.com
Just to illustrate the pricings as we slow down and move toward
the close on a Friday. These are ECN Variable Spreads plus Commission
account types (the only ones you should use, IMHO) 
How to read the data. It shows for a period toward the end of
the hour, Symbol, MinSpread, AvgSpread, MaxSpread (in pips)
and then it shows the incoming data rates. Or the intervals
in milliseconds between successive price updates, both
Average time between updates, and the minimum observed
time between updates or “burst” rates. They aren’t rates, but
milliseconds between updates statistics.
I think the pricing speaks for itself and is, in both cases, very good !
And I should add that execution is very precise. With these types of
accounts “requotes” or whatever, are a thing of the past
hyperscalper
FinProTrading on Friday timestamps GMT
timestamp,2016-04-22 14:00:11,1461333611783, symbol min|avg|max|rateAvgMsecs|rateMinMsecs spread pips
AUDCAD,0.5,1.3,1.6,243.5,34.0
AUDCHF,1.0,1.6,2.3,317.9,57.0
AUDJPY,0.2,1.0,1.1,268.6,52.0
AUDNZD,1.0,1.8,2.2,397.7,44.0
AUDUSD,0.3,0.6,0.9,338.6,58.0
CADCHF,0.6,1.4,1.7,233.2,52.0
CADJPY,0.2,1.1,1.3,217.9,58.0
CHFJPY,0.7,1.3,1.4,343.9,48.0
EURAUD,0.1,1.4,1.9,238.8,52.0
EURCAD,0.5,1.2,1.7,232.2,49.0
EURCHF,0.7,1.1,1.2,375.6,51.0
EURGBP,0.4,0.7,0.9,273.6,52.0
EURJPY,0.3,0.8,1.2,207.1,50.0
EURNZD,0.7,2.8,3.4,316.4,49.0
EURUSD,0.1,0.3,0.4,241.9,52.0
GBPAUD,0.1,2.3,2.8,463.3,46.0
GBPCAD,0.5,2.3,2.9,230.8,59.0
GBPCHF,0.7,2.0,2.6,326.3,52.0
GBPJPY,0.5,1.4,1.7,207.1,46.0
GBPNZD,0.2,3.5,4.3,351.5,52.0
GBPUSD,0.1,0.9,1.1,339.2,57.0
NZDCAD,0.5,1.2,1.8,334.8,44.0
NZDCHF,0.6,1.0,1.4,342.4,45.0
NZDJPY,0.9,1.3,1.5,366.3,50.0
NZDUSD,0.2,1.0,1.2,265.6,52.0
USDCAD,0.2,0.6,0.9,248.4,35.0
USDCHF,0.2,0.9,1.1,331.5,45.0
USDJPY,0.1,0.3,0.3,329.5,50.0
timestamp,2016-04-22 15:00:11,1461337211869, symbol min|avg|max|rateAvgMsecs|rateMinMsecs spread pips
AUDCAD,0.3,1.1,1.6,191.4,48.0
AUDCHF,1.1,1.6,1.8,343.2,51.0
AUDJPY,0.4,0.9,1.1,248.9,54.0
AUDNZD,0.9,1.8,2.2,270.3,46.0
AUDUSD,0.1,0.5,0.8,340.5,46.0
CADCHF,1.0,1.7,2.0,196.1,50.0
CADJPY,0.7,1.1,1.4,191.7,48.0
CHFJPY,0.5,1.2,1.4,293.7,59.0
EURAUD,0.5,1.3,1.9,212.3,55.0
EURCAD,0.6,1.4,1.8,191.0,41.0
EURCHF,0.4,0.9,1.2,296.2,41.0
EURGBP,0.4,0.6,0.9,252.5,57.0
EURJPY,0.3,0.9,1.2,233.8,59.0
EURNZD,1.3,2.4,3.1,237.7,14.0
EURUSD,0.1,0.3,0.4,236.8,59.0
GBPAUD,1.3,2.3,2.8,251.8,59.0
GBPCAD,0.7,2.1,3.0,195.0,46.0
GBPCHF,1.2,2.1,2.7,247.7,57.0
GBPJPY,0.8,1.4,1.8,186.6,57.0
GBPNZD,0.8,2.8,3.7,234.5,14.0
GBPUSD,0.4,0.8,1.1,242.1,46.0
NZDCAD,0.3,1.2,1.8,237.4,14.0
NZDCHF,0.4,1.1,1.4,317.3,56.0
NZDJPY,0.5,1.2,1.5,269.6,43.0
NZDUSD,0.4,0.9,1.1,237.3,58.0
USDCAD,0.2,0.7,0.9,188.4,57.0
USDCHF,0.6,0.9,1.1,337.8,47.0
USDJPY,0.1,0.3,0.5,319.1,58.0
timestamp,2016-04-22 16:00:11,1461340811956, symbol min|avg|max|rateAvgMsecs|rateMinMsecs spread pips
AUDCAD,0.9,1.3,1.7,334.8,61.0
AUDCHF,1.1,1.3,1.5,744.3,69.0
AUDJPY,0.3,1.0,1.2,708.4,57.0
AUDNZD,0.6,2.0,2.4,955.7,51.0
AUDUSD,0.1,0.6,0.8,509.5,37.0
CADCHF,1.3,1.7,2.1,392.4,57.0
CADJPY,0.7,1.2,1.4,354.1,37.0
CHFJPY,0.8,1.3,1.4,1000.1,57.0
EURAUD,0.1,1.5,1.9,493.1,37.0
EURCAD,0.6,1.5,1.9,461.5,37.0
EURCHF,0.6,1.0,1.2,854.4,59.0
EURGBP,0.5,0.7,1.0,430.8,42.0
EURJPY,0.5,0.9,1.2,337.6,37.0
EURNZD,0.9,3.1,3.5,522.0,53.0
EURUSD,0.1,0.3,0.4,591.1,37.0
GBPAUD,1.3,2.4,3.0,900.7,51.0
GBPCAD,1.4,2.6,3.1,527.3,57.0
GBPCHF,1.4,2.1,2.6,774.9,47.0
GBPJPY,0.6,1.6,1.9,341.5,57.0
GBPNZD,1.7,3.7,4.8,614.1,57.0
GBPUSD,0.4,1.1,1.4,452.9,54.0
NZDCAD,0.6,1.3,1.9,493.0,61.0
NZDCHF,0.8,1.4,1.5,1209.1,54.0
NZDJPY,0.9,1.4,1.6,794.0,29.0
NZDUSD,0.1,1.0,1.1,491.6,53.0
USDCAD,0.3,0.8,0.9,348.6,40.0
USDCHF,0.4,0.9,1.2,983.1,56.0
USDJPY,0.1,0.4,0.5,821.0,57.0
Tradersway MT4 Variable spread ECN account
timestamp,2016-04-22 14:00:10,1461333610886, symbol min|avg|max|rateAvgMsecs|rateMinMsecs spread pips
AUDCAD,0.9,1.4,1.7,236.0,3.0
AUDCHF,1.1,1.6,1.9,269.2,14.0
AUDJPY,0.8,1.3,1.6,262.7,14.0
AUDNZD,1.0,1.9,2.6,303.2,17.0
AUDUSD,0.4,0.7,1.1,271.2,15.0
CADCHF,1.3,1.7,1.9,238.4,12.0
CADJPY,0.5,1.0,1.5,265.0,3.0
CHFJPY,1.0,1.5,1.8,190.1,3.0
EURAUD,0.8,2.1,2.5,187.9,9.0
EURCAD,1.2,1.9,2.2,195.9,9.0
EURCHF,0.9,1.1,1.4,310.1,14.0
EURGBP,0.5,0.8,1.0,317.5,12.0
EURJPY,0.7,1.0,1.3,234.8,3.0
EURNZD,1.7,2.6,3.1,196.4,9.0
EURUSD,0.2,0.3,0.5,237.2,15.0
GBPAUD,1.6,2.9,3.4,208.3,16.0
GBPCAD,1.8,2.8,3.2,200.9,3.0
GBPCHF,1.2,1.9,2.1,241.5,9.0
GBPJPY,1.1,1.7,2.3,221.2,3.0
GBPNZD,2.8,3.7,4.7,264.6,3.0
GBPUSD,0.5,0.9,1.3,293.7,22.0
NZDCAD,2.0,2.6,3.1,241.1,12.0
NZDCHF,2.1,2.5,2.8,283.4,3.0
NZDJPY,2.0,2.4,2.6,270.3,14.0
NZDUSD,0.7,1.1,1.4,287.6,22.0
USDCAD,0.4,0.9,1.3,244.4,15.0
USDCHF,0.5,0.7,1.0,275.1,9.0
USDJPY,0.2,0.5,0.7,277.8,19.0
timestamp,2016-04-22 15:00:10,1461337210985, symbol min|avg|max|rateAvgMsecs|rateMinMsecs spread pips
AUDCAD,0.9,1.5,1.9,205.8,5.0
AUDCHF,1.4,1.6,1.8,237.0,13.0
AUDJPY,1.0,1.2,1.6,244.3,14.0
AUDNZD,1.7,2.2,2.6,225.9,15.0
AUDUSD,0.2,0.7,1.0,254.5,10.0
CADCHF,1.3,1.6,1.9,221.4,5.0
CADJPY,0.5,1.1,1.3,224.4,5.0
CHFJPY,1.0,1.4,1.7,182.2,5.0
EURAUD,1.5,2.2,2.7,155.8,5.0
EURCAD,1.5,1.9,2.4,165.2,5.0
EURCHF,0.6,1.1,1.4,290.8,18.0
EURGBP,0.5,0.8,1.0,276.2,14.0
EURJPY,0.8,1.0,1.4,201.2,5.0
EURNZD,2.3,2.6,3.1,198.4,5.0
EURUSD,0.2,0.4,0.7,228.9,8.0
GBPAUD,2.3,3.0,3.6,161.0,7.0
GBPCAD,1.9,2.7,3.4,140.9,9.0
GBPCHF,1.4,1.9,2.3,179.8,15.0
GBPJPY,1.6,1.9,2.3,171.5,14.0
GBPNZD,3.6,3.9,4.7,191.0,14.0
GBPUSD,0.3,1.0,1.4,216.7,12.0
NZDCAD,2.5,2.9,3.1,180.2,14.0
NZDCHF,2.3,2.6,2.7,241.3,2.0
NZDJPY,2.1,2.4,2.7,244.5,17.0
NZDUSD,0.7,1.1,1.4,190.8,22.0
USDCAD,0.4,0.9,1.4,163.0,5.0
USDCHF,0.6,0.8,1.1,268.9,13.0
USDJPY,0.4,0.5,0.7,256.2,5.0
timestamp,2016-04-22 16:00:11,1461340811086, symbol min|avg|max|rateAvgMsecs|rateMinMsecs spread pips
AUDCAD,1.2,1.6,2.0,319.9,9.0
AUDCHF,1.1,1.5,1.7,420.3,17.0
AUDJPY,1.0,1.4,1.7,384.7,9.0
AUDNZD,1.8,2.5,3.0,451.0,20.0
AUDUSD,0.5,0.7,0.9,422.5,18.0
CADCHF,1.6,1.8,2.0,342.7,14.0
CADJPY,0.8,1.2,1.6,337.1,15.0
CHFJPY,1.3,1.6,2.0,365.3,23.0
EURAUD,1.2,1.9,2.5,278.2,16.0
EURCAD,1.5,2.1,2.5,271.1,15.0
EURCHF,0.6,1.0,1.3,863.2,17.0
EURGBP,0.5,0.8,1.0,450.4,16.0
EURJPY,0.7,1.2,1.5,283.3,17.0
EURNZD,1.8,2.8,3.6,290.6,7.0
EURUSD,0.2,0.4,0.6,413.7,13.0
GBPAUD,1.6,2.6,3.0,282.9,9.0
GBPCAD,2.2,2.9,3.5,229.6,11.0
GBPCHF,1.7,2.1,2.4,338.9,11.0
GBPJPY,1.3,1.9,2.3,310.2,11.0
GBPNZD,4.1,4.7,5.6,331.6,9.0
GBPUSD,0.6,1.1,1.6,428.9,11.0
NZDCAD,2.7,3.1,3.5,330.3,17.0
NZDCHF,2.4,2.7,3.0,465.4,20.0
NZDJPY,2.0,2.6,3.0,381.3,17.0
NZDUSD,1.1,1.4,1.8,577.7,13.0
USDCAD,0.8,1.1,1.5,234.4,18.0
USDCHF,0.8,1.0,1.3,793.7,17.0
USDJPY,0.4,0.6,0.9,422.4,16.0
Take a look at [B]Finpro Trading[/B] (UK) — not to be confused with FxPro.
Here’s a link to Finpro’s [I]Trading Platform[/I] page — Trading Platforms | Finpro Trading
Click the [I]Finpro MT4[/I] tab and you will find this:
Key Features
Trade FX, Metals, Energy, stocks & indices
There may be other brokers whose MT4 platform is configured in similar fashion.
I’ll leave it to you to continue the search.
.
Finpro’s data feed issues cost me my initial test deposit. They credited me the losses the first instance it happened, but the 2nd time it happened they refused to even acknowledge the logs I sent showing the exact same issue.
They started out very promising to me, but in the end they’ve been simply another ridiculous retail dealer.
I’m sticking with ProfiForex for my spot trading and going back to NADEX for options. If PFX gives me any nonsense I’ll move to Oanda and be done with it. Sure the spreads are total ***e but I at least know Oanda won’t fck me over with P&L accumulated. I’m hoping PFX doesn’t do that, but time will tell.
best to all.
Under what circumstances did you have “data feed issues”?
I haven’t seen any problems myself, not on Forex anyway…
Maybe you’re talking about non-Forex instruments?..
hyperscalper
Please do any American readers have any up to date information about how easy or difficult it is to wire money from an American bank to an offshore broker? This is for clients, who may want a substantial account. I realise this thread tends to be for personal trading only, but I should be grateful if you could please accept this as a genuine question. My partner and I wish to use TradersWay, and prefer clients to do same, but we don’t want them to run into difficulties with transfers.
Jikkie, just from a brokers perspective there are no problems even with large wires from the US. At least not with TradeWiseFX.
Yeah, it was on their CFDs. DAX to be specific. They claimed innocence on the 2nd round of outages and I couldn’t exit my P&L, which then ran about 175 points against me lol.
Well, May 2 is upon us, and we’ve had no comments on this question since my last request.
Apparently, there is no enthusiasm at this time for designating LMFX as a Trusted Broker.
If I’m wrong about that, and some of you would like to make the case for LMFX, please make it now.
.
I have only demo traded with them so far so I won’t have a true opinion of them until I open a live account down the road. So far I like the fact that when I have contacted customer service a couple of times they have got right back to me and answered my questions. I have been happy with the performance and spread of my demo trading and like their clean website layout.
1 Like
I have been trading live with LMFX for about 2 and half months now and I have also withdrawn funds and the customer service is prompt and helpful. I say we can trust them.
1 Like
Who is accepting US traders (Mt 5 platform)?
FX Choice offers Meta Trader 5 platform.
You should contact good and experienced IRS Lawyer,they definitely helps you and provide you best solution to your problem.
• Clearly, there isn’t widespread enthusiasm for designating [B]LMFX[/B] as a Trusted Broker at this time.
The (very few) comments we have had on this issue have been positive for LMFX. But, so few members with actual LMFX trading experience have responded to our request for comments, that we just don’t have a basis, at this time, for making the Trusted Broker designation.
The option to designate LMFX as a Trusted Broker will remain open.
This question can be discussed again, and put to a vote, at any time in the future.
•
• All the old red ink has been removed from the List.
.