Going offshore to escape the CFTC

Broker Discussion Forex Brokers
147

Put it like that, they sound like they are socialists.

148

They ARE socialists.

149

The loss limits in missouri are a thing of the past.

150

Sure, that’s all true, but jforex allows you to write little java snippets for EAs. This is so much more powerful than MQL.

151

Right! Thats more powerful. I also agree that the reaction time is much better. But on the other side I do not want to code my EAs in two different languages. While mq4 is a bit like java, I have the gut feeling it is a lot of work …

As they have a betatest I hope they will make that production running in a few weeks. Until then I can just trade my EA in parallel while opening/closing manually the trades at the other broker.

As I said: I like DC. But I also like the Metatrader. :slight_smile:

152

Right on. I have a java-MetaTrader bridge, so I’m using the exact same code to access jforex as I would MetaTrader, so the advantages of jforex are even greater. If you’re interested I can tell you where I got the code to access MT via java.

153

java guy,

thanks a lot for your offer! :slight_smile: I know there is a bridge and I know where it is for download. I just don’t use other code if it comes to my money. If I do not know the code, I have fears there is a bug or something inside and then - flash - one day my money is gone, lol.

I also trade only big moves right now on that, so that it is not a big issue. If my new scalping robot becomes more important I will probably give it a try however. Plus if they get really 5 digits in price.

How does it work out for you? I mean the bridge.

154

It works wonderfully, actually. I’ve tested it very thoroughly against several different demo servers, and haven’t encountered any problems (that are specific to the java connection, anyway). As far as the meta trader server is concerned, you’re just running a plain old EA.

Switching to dukas has really shown the strength of my design, since the only piece of code I’ve had to write is the class the provides market access (querying prices, submitting orders, etc). I just plugged in the jforex version and all of my systems work in exactly the same manner.

155

Thanks for your feedback! :slight_smile:

I may come to it in the future. Right now my bots work with my mt4 trader. I just plan for the future, when my account will be bigger. :wink: That’s why I distribute my money now over several brokers. Then later on I can just switch or whatever I need to do. You never know …

156

A new addition for today - FXM Trade:

Hi,

The new US regulations doesn’t affect our company. We will still accept US customers.

If you have further questions do not hesitate to contact us.

Best Regards

FXM Broker Group
LONDON,N134BS
United Kingdom
Tel: +44 2032 390 695
Fax: +44 7005 805 260
e-Mail: <[email protected]>
Home page | FXM Financial Group | FOREX | FOREX Broker | FOREX Trading | ECN Broker

157

Spot on! Somewhere in a smoke-filled back room CME lobbyists are handing over bribes to CFTC people… I’m sure of it!

158

Not argueing, asking a real question.

So are you suggesting we should forget it because it is in the ‘past’ …

PLEASE don’t downplay the fact of the matter.

put it in vague terms

a Privately owned casino on waters {the river boat as it is called} is being regulated by the state to only allow you to spend a certain amount of money because to many deadbeats are becoming broke.

So if you make 100,000 a year & want to go on vacation, you can’t spend more then 2,000 of your own hard earned dollars.

This is the problem, regulations like this come out … people get used to them … so they come out with more & more.

I am almost ready to claim citizenship to Australia.

159

Same here, I really like their country.

160

I was deployed in 2007, and they were with in their desert along with some hanger contractors from Aussie, they are really the nicest, most laid back people I have ever met.

If Obama has his way {no offense to any dem’s out there}, just stating my side, but if he starts this trend and it goes off, I don’t know what citizenship to consider.

I personally think that this presidency control is just a stepping stone for Obama and he can care less about the U.S., the top spot at the U.N. is where he has his eyes set, and he all ready knows the inner workings here so he can tear this country apart.

161

I am neither the kind of a guy who would buy into the “yes, we can” stuff. So for me, it would be either Australia or New Zealand. Both are English-speaking, developed, safe, warm, and with high living standards. Some countries of the Caribbean might also be an attractive option, but they are quite small.

162

THe world has become the playground of the elite. They do not control governments with war but with the money systems they manage. There is no place you can go…

163

Nonetheless, some places are a lot less restrictive than others.

164

True, when you find these places, let me know. I need a new brokerage as soon as possible.

165

Here you go: Dukascopy in Switzerland. While Dukascopy does not offer MetaTrader4 on live accounts, I have learned it offers a bridge between MetaTrader4 and their custom platform, which enables customers to place trades through MT4, including those by EAs. I guess it’s the reason for which they offer MetaTrader4 on demo accounts, as why otherwise would they be paying the costly platform license fees to the MetaQuotes Corporation (which total to about 100K a year)?

Here’s all the necessary info on their MT4 bridge:

166

Actually, I am more interested in a brokerage that uses the software itself or utilizes it’s own software with no costs in using it. If they upgrade their systems or servers, that leaves anyone at a disadvantage…

…and let’s not have any fees in addition to the pips subtracted with each trade.

Also, I always wondered…

How would I be able to trade US/GOLD pairs while using UK currency?