Yes, been using them since Coinbase put me on a 60 day hold. Only issue is I do not believe they are FDIC insured. I will need to confirm that before holding any large amounts there. I am also verified at binance and gemini. It’s frustrating as I really only use these exchanges for incoming. Only time I send is when I am balancing funds between brokers. For some reason, I am hesitant to go broker to broker. Anyone have experience just doing broker to broker transfer?
I have met 2 traders who had nightmares about going broker to broker, One guy told me when he was withdrawing crypto from his current broker to transfer to another broker, the current broker can take up to 48 hours to withdraw funds, but the broker he was transferring to crypto address expires in 24 hours, so it wasn’t good. I don’t suggest doing this
In order to understand better, the crypto address that expires in 24 hrs will not expire as long as the transfer has been initiated within 24 hrs after that it can take as long as the blockchain takes to clear it.
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OK. Thanks for that. Glad I’ve never tried it.
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Although I have never had a problem with large withdrawals with Eaglefx, another trader has complained that a large withdrawal was taking longer than usual for Eaglefx to process.
The guy used the word Review, my guess is that his trades were being reviewed.is why the withdrawal took so long, just a guess
We only have each other, so keep us updated on any major problems with the brokers.
Gabrielle brown- Holding withdrawal update
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Too many of these companies irresponsibly leveraged their positions and then have been liquidated. Such a shame as it’s making a mockery of what has huge potential but is being abused. Bit like a decentralised 2008
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If you were inquiring about Robinhood then its insured, its a major platform too, so I would have already assumed that prior to checking but always good to do your own DD.
Wow… disaster CPI release!
Makes for great volatility.
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Cash (USD) in Robinhood is FDIC insured, but cryptocurrency is not.
I didn’t notice the fine print at first either 
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This man’s story is worth sharing
Funded to $3.2 Million, ICT Trader Explains His $60k Profit Split Nightmare
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For what? Is the hold for using the platform or are they holding your funds as well? Do you have any recourse?
No, they sent my deposit back to me immediately. Originally was simply trying to send funds to Coinexx. Coinbase said the address I was attempting to send to was blacklisted. So, for my security I cannot purchase or send for 60 days.
Blessing in disguise, I am using Robin Hood, they are waaaaaaaaaaaaaaaay less expensive. As far as FDIC insured, I do not keep crypto there for more than a few minutes. Deposits and availability to send is pretty much instant so no need to really even hold anything there.
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Thanks for the reply and the info about Robin Hood.
Blacklisted by whom and for what? And if they are blacklisted, why are you being punished with a 60 day hold? Is that a Coinbase policy or some type of regulation from the government?
Things always seem unnecessarily difficult. I’d be surprised if they gave you any further explanation? Are brokers being targeted by the government now?
Yes, I found it very strange as well. I contacted Coinexx and 1. a new address is generated every transaction and 2. Coinexx in general is not blacklisted. So they have essentially blocked my verified accounts which I use to deposit, it makes no sense. There is no explanation. I contacted them twice since and they said to be on the lookout for some follow up emails. I have received nothing. So, who knows, possibly the IRS, US govt??? I am not nearly a big enough fish to warrant that type of attention though lol.
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ProsperityFX now have a funded account challenge
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Seems like the white label backend that Crypto rocket, Eaglefx, ProperityFX, Cederfx, Hugoway, Kot4x. Sagefx, Fxsway, nash markets & Osprey all use has gotten into the online prop firm game. A few of the offshore brokers mentioned offer prop firm challenges now.
As for the offer, they require back to back 83% performance on drawdown in only 30d… that’s asking for ALOT! There are reputable & more established firms in this space offering cheaper and much easier to pass challenges.
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pretty much, 2 different groups tho
Eaglefx, Cederfx, Hugoway, Crypto rocket, longhornfx, same group same service
Kot4x. Sagefx, Fxsway, nash markets, Osprey, ProperityFX, same group same service
I trade with cedarfx and ProperityFX love them both
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I’m confuse by your statement above, help me out. here’s the challenge rules below
Trading Period 30 Days
Profit Target 10%
Minimum Trading Days 10 Days
Maximum Loss 12%
Maximum Daily Loss 5%
Available Leverage 1:100
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100K account… In Phase 1 you have 12K to work with (12% max loss). They want you to make 10K (83%) on that 12K in 30 days… then in Phase 2 they want you repeat that same performance in another 30d period… that is very difficult to pull off!
All of the leading online prop firms offering challenges extend phase 2 to 60d and lower the target to 5% which makes them much easier to pass.
All of the challenges I have passed, 2 100K & 1 200K @ FTMO, 1 50K + 1 100K @ Myforexfunds, I over risked in Phase 1 to pass @ 1.8% risk per trade (7 straight losses and the evaluation is blown). I took the chance that i would be able to pass before my system’s historical max losing streak blew the account, which worked out pretty well. In Phase 2, since I now had 60 days and a lower 5% target, I was able to lower the risk per trade to more responsible levels @ 0.75% risk per trade to pass.
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I’m sorry I still don’t get it, i thought the profit target was 10%, don’t sound like they are asking you to make 83%, maybe i’m getting old. thanks for explaining your side of it
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