Going offshore to escape the CFTC

I was going to respond with something more meaningful until it became very clear who we were dealing with. Sigh. Just seems to sneak through the cracks like a cockroach.

Makes me wonder if he googled usernames to find this thread. I know that I and some others use different names on FF, but not everyone.

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Interesting info someone mentioned to me on another forum that Crypto Rocket allows U.S clients again. I messaged live chat and they confirmed as well. I still use my old account with them from time to time and always been reliable for me.

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good to hear :+1:

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What exactly you didn`t understand?

In response to the 3 points:

  1. The CFTC regulated brokers in the US offer zero protection of forex funds. Your account is not protected whatsoever. They actually prohibit protection of clients funds. They pull every platform trick in the book, as they are all market makers who benefit on a traders losses
  2. Due to the high leverage offered, I only need 5% of the margin offshore as I do with a regulated US broker to EXECUTE THE SAME EXACT TRADE. Therefore, if they do run with my money, I am still liquid with 95% of my capital in tact. US broker goes belly up, I lose it all.
  3. Due to points 1 and 2 , there is simply no reason TO NOT USE AN OFFSHORE BROKER as opposed to the regulated, scams offered in the US
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scam brokers according to you, we post offshore brokers in this thread and then we do our DD.

The due diligence method I use has never failed me, and it is too deep for you to comprehend

tradecode When you read this review and the response from the broker, do you think this is a scam? if not what you think
https://www.forexpeacearmy.com/user/reviews/218660

-If that were true, then you would not feel the need to publicly-disclose your findings.

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-Meanwhile, many of these offshore, ‘criminal’ brokers have been operating for years, providing payouts to traders. Maybe it’s a long-con?

The problem with most of the critics (trolls) that come here, on FF and other forums, is that they typically like to talk about prop-firm and broker ‘scams’, as if they are preaching gospel and on a mission to save everyone.

And yes, I say troll, because many of the naysayers that come here opposing what we are doing, know full-well that they are not actually trying to save anyone. What they are really doing is telling everyone else in the room that they are smarter than we are, and that we are all just too stupid to see it.

That being said, any reasonable, sane person that has any business-sense at all, is likely going to mitigate risk before even making a deposit, regardless of the legitimacy of the offerings.

As such, any end-of-the-world scenarios are really meaningless because most of us have back-up plans for back-up plans and are only trading with funds that we can afford to lose.

So it really does not (should not; I cannot speak for everyone) matter if a firm/broker exit-scams. And as long as these services continue to pay, then we will continue to use them. It is as simple as that. There are associated risks with every investment, and everyone must weigh them accordingly. This business is not for everyone.

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It should not matter whether or not you agree with it. That is part of my point; to each, their own.

With respect to brokers, you can truly only speculate what their intentions are at the end of the day. But you prepare for all possibilities. If you are concerned that your broker may disappear tomorrow, then you may have too much at risk. It is that simple.

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-Which is why I say that this business is not for everyone. Everyone must do their own due diligence and make their own decisions, based on their own risk-tolerance levels. But coming here and telling everyone that you do not agree with them or agree with what they are doing, will likely fail to garner any positive results.

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also Withdrawals matter

let it go guys, it’s time to get this thread back on track, look like cryptorocket is back doing business with the over regulated people

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Hi Everyone,

The thread is being cleaned up. If you don’t see your post or it has been edited, it just means that it’s not contributing anything useful to the thread. Try to stay on topic and treat others as you want to be treated. Warnings/Infractions/Bans will be given to those who continually derail the thread.

Email us at [email protected] if you have any questions.

Thanks,

Pipzilla

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No activity in 3 days… a stark contrast to the prior 3 days lol

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2021-12-04_9-24-56

We will see how things go from here.

On another note, volatility on US100 has been really good these past, few days.

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Coinexx not looking good here, check out the first review

https://www.forexpeacearmy.com/review/goto?id=157608

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That’s why I withdraw my profits every couple days. .I do not like to hold large amount of money on brokers account. :+1:

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That’s cool, I don’t always do that, but I have made my deposit money back 10 fold with the brokers I use, so I understand a trader building up the account before withdrawing funds.

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EagleFX is owned by EagleFX Ltd., which we are told is based in the Commonwealth of Dominica. And we are given an address – 8 Copthall, Roseau Valley 00152, but not a phone number. So we decided to check the address and we came across several rather intriguing facts about it.

First, by checking Google Maps it turned out that this is the address of a small backwater, country hotel – the Roseau Valley Hotel, which supposedly shelters several other offshore companies, among which Options Tech Limited, which trades under a number of names, including Unitedmarkets4you, United & Equal, UBS Investment, UBS InvestmentOptions Tech Limited, Cryptex Markets and Block Chain Exchange Pro, all of which blacklisted by the Financial Conduct Authority (FCA) in the UK as potential scam brokers.

Also the address – 8 Copthall, Roseau Valley 00152, the Commonwealth of Dominica, appeared in the notorious archive of the Panama Papers, published by the International Consortium of Investigative Journalists (ICIJ), in connection to other criminal activities.

So basically EagleFX has a pretty shady background.

Also we should mention the fact that EagleFX is not e regulated. The authorities in Dominica does not regulated forex and CFD brokers, but that does not excuse EagleFX for not applying for a license by a well known regulator such as the FCA in the UK, or the Cyprus Securities and Exchange Commission (CySEC) especially if they want to target customers in Europe.

(https://theforexreview.com/2019/08/14/eaglefx-review/)

would you really trust a broker that is registered to some small motel?:

would you really trust a broker that is registered to some small motel?

Yes I fully trust EagleFX and have used them for a while now they have been excellent. I would much rather use them then any of the garbage regulated brokers based in the U.S…all of them are an absolute waist of time in my opinion…

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