Similarly my initial “Knee-Jerk” speculation on CCM is that Tallinex has some type of strategic partnership with them OR they’re a direct subsidary of them, and Tallinex simply waited for everything to be in place and finalized before making the announcement, because no doubt about it they are very new. I would also have to agree with you regarding DoddFrank no doubt taking a back seat to Obamacare and Tax Reform.
My experience with Tallinex was good, so it’s too bad they’ll no longer be there. I started taking a gander at CCM’s website, and submitted a couple inquiries through their support page, which by the way, I will say they did respond very fast to each. Interestingly, they do have a 100% matching bonus cash program that has no time limit, nor deposit limit (according to their response to my ticket) so long as one trades enough volume. As I look at it, you’re basically getting reimbursed your trading commissions, but still it’s quite nice.
It’ll be interesting to see if we have any people from this thread with any experience with CCM willing to comment…
All I can do is chime in my own personal experience with FxChoice, which has been nothing but a pleasant one. I trade on a daily basis, and quite regularly trade news events. Up to this point, I have not had any freezing, or problems placing any trades during high impact news events/announcements (So far at least) That isn’t to take away from, or discount what happened to others where that was the case.
Based on the response I received from their support today, they were established in 2016. Below is the exact response:
“Greetings,
You are most welcome.
Capital city markets was established in 2016.
Feel free to look trough our website https://capitalcitymarkets.com/
With regards,
Support”
CapitalCityMarkets in Vanuatu have their MT4 servers “in the UK”, and they feature variable spreads down to “0.0 pips” spread for EURUSD; according to their info support desk.
that last few months when i send a wire trasfer to tallinex i had to send it to a company call EAST ASSETS PLC / East Assets Plc, they are register with the FCA in england also i think they brought out tallinex
just downloaded there platform the spreads are horrible, my mistake i was on there micro account feed when i switch to there standard account feed there spread was better but still not the best compare to the rest of offshore brokes
Eur/usd 1 pips and gbp/jpy 2.6. I Was on there micro account feed i just swich to there standard account feed, spreads are much better but there still not that good
I thought that $95.00 seemed a little high, so I just went to chat - twice - just in case I misunderstood, and this is what I was told - twice:
Bank Wire transfer fee for withdrawals is 0.5% (minimum fee is 150 USD, max fee - 2500 USD).
It was recommended to use an alternate method such as Payza, Neteller, etc…
Compare this with FXChoice: Fees and commissions: You will be charged a commission in amount of USD 25 or EUR 15 depending on the currency of withdrawal. Please note that wire transfers are subject to intermediary fees.
The minimum amount that can be withdrawn via wire transfer is 100, if your account currency is USD, EUR, CHF, GBP and 150 if your account currency is AUD, CAD. If your account balance is less than the minimum withdrawable amount, please consider using an alternative withdrawal method.
Having said that, the Spread and Commission is slightly higher for FXChoice than TW.
Please give us numbers. It is common for “more reactive” brokerages to have wider spreads at
times, as compared to the more “common brokerages”. Without disparaging anybody, I can tell
you that FinProTrading’s spreads are far more “reactive” and often are wider than, say,
Tradersway’s spreads. There are many reasons for that, and you may also see a “better” or
“narrower” spread which may not be offering much liquidity at that price point. But I
digress. Give us numbers, I attached a zip containing an INDICATOR for MT4 which displays
the spread in points (1/10th PIP) on the chart. Try that. Must be in your MQL4\Indicators subfolder
of your Data Folder area.
EDIT: MAKE SURE IT IS A VARIABLE SPREAD ECN TYPE ACCOUNT, and not a “micro account” or one
where commission is included in the spread pricing. Otherwise it ain’t valid
Hey Clint,
I saw that you posted you are going to keep your Us account with Forex.com open and I was wondering what kind of capital do you trust with US vs O/S. Is there a max account size you would trust to one over the other? Also, if you had a trading capital of say 25k, what would be the max you would keep with the broker to trade with. Would you keep the other amount in an FDIC bank and just transfer in and out as needed?
I have been told by a reliable source that Capital City Markets (CCM) is licensed and regulated by the Vanuatu Financial Services Commission (VFSC), and that the VFSC is, in fact, a robust regulator. I was directed to this VFSC Listing of Licensed Securities Dealers in Vanuatu. I was also told that CCM was established in 2012 to serve closed funds, not the retail market. CCM’s transition to retail forex apparently began in 2016, which is how that date has entered the conversation.
Now here’s where it gets interesting.
If you study the VFSC list of licensed securities dealers, you will notice that the dealers are listed in alphabetical order. And they are numbered 1 through 269. All very neat and tidy, except that number 94 is out of order. Number 94 is where number 42 should be in the alphabetical listing. And number 94 is Capital City Markets.
I’m guessing that Capital City Markets has been renamed, and that its former name was Fin______ (something-or-other), because number 94 belongs between 93-Finex Securities and 95-Fintech Securities in the alphabetical listing.
That looks like a different company. We’re trying to track down Capital City Markets Ltd. Your link is to Capital City Markets LLP, incorporated in Scotland, with limited partners in Seychelles. Here is their Certificate of Incorporation.
What do you think the odds might be that #94 was our old friend FinFX, before being renamed?
That thought crossed my mind when I saw your list. FinFx and Tallinex did have some sort of connection beyond just moving clients. As I recall, they shared some back end resources, etc.
I logged into the CCM client area/back office and it looks exactly like the Tallinex back office (same interface).
Your link is to an old PDF on the website. Your PDF is dated 1-10-2017. The numbering has been corrected on the file dated 3-8-17 at “List of Licensees” on the VFSC website. The missing “fin” name is “Finnovative Technology Limited”. There are now 345 licensees. Interesting thing is the pdf License Anniversity Date for Capital City Markets on one pdf is 16-Jan, and in the other it is 30-Aug.
Capital City Markets’ website was registered on 21-Nov-2017. Do a google “whois” search on capitalcitymarkets dot com.
Also, do a google search on their phone number. you will find other websites sharing that same number like peterscasino dot com.
Finally a whois ip search shows a registrant in Germany: look at ipaddress dot com for capitalcitymarkets dot com. I am not making any judgements, Just reporting “the facts ma’am, just the facts”.
As a new respondent I am not allowed to include URL links in my post.
Wait wait wait hold up here did you just call clint a ma’am on your first post to babypips? Dude you got balls of steel. Not very bright but but guess you got to start somewhere
