With Tradersway the minimum fee for withdrawing using wire transfer is $150+whatever your bank charges($35 in my case), and with LMFX they don’t charge any fees for the wire withdrawal on there end, which is good bc LMFX does not support bitcoin deposits or withdrawals and neteller, skrill and all others like them do not service US customers.
Tradersway does support bitcoin deposits and withdrawals and it’s taken 4-5 days for the bitcoin to show up in my wallet from Tradersway. I figure some may find it useful to know what the costs are as they decide on a broker.
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4-5 days? Never had that experience, more like 4-5hrs at most once initiated.
Yeah, if it took that long, probably too small bitcoin miner’s fee was used in the transaction. Similar thing happened to me last year when I liquidated my Profiforex account (no longer on Clint’s list). Took 3 days to receive. Turns out the jackasses put ZERO miner’s fee. These days you try sending a transaction without the fee and it’s going nowhere forever. Anyway, some of these brokers may have been slow to catch on to include a proper size miners fee.
So are you using TurnkeyForex.com directly or are you using FinProTrading.com which somebody recently said was an IB to TurnkeyFX ? We are finalizing choice of broker, and not sure that should be an IB. Any thoughts or advice on that? Both of these brokers use the MT4 srv file: TurnkeyFX-Live.srv . What we’re looking for is “no B.S. support”. Advice gratefully received, please … 
hyperscalper
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Hi
After few months of testing LMFX, FINPRO, TW, and Oanda( i know do not hate me, but we had to try them just to see) with our EA that trades around the news.
We had our EA running for few weeks on all the brokers(LIVE FEEDs) listed above on VPS recommended by HyperScalper from Amsterdam.
LMFX rejected orders 50% of the time(off quotes error). We took our money and ran quick.
Finpro was not bad in the beginning lots of ticks. Then they started freezing around news 1 min, 2 min, one time during fed meting 45 min. We are also done with them.
TW we have had accounts with them for over 6 months. They still have those 10-15 sec freezes during huge news only, and they had those incidents where the prices were incorrect, but still not bad in comparing with the other brokers. We are keeping accounts with TW for now.
Now Oanda. I have to say so far we are pretty amazed with them. They used to be bad around the news and their spreads would go insanely high.
Now we got better fills with Oanda than SHITPRO I mean FInPro.
And Oanda does not freeze at all around the news. We decided to keep accounts with them for now. I will keep you posted, this might change in few weeks.
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Hello @HyperScalper
I have been reading about FinPro and TurnkeyFX and the potential relationship between them, so I have done some research on them over last week. Here is what I found
TurnkeyFX.com (its NOT turnkeyforex.com but TURNKEYFX.COM) seems to be the parent company of FinProTrading, so essentially its owned by TurnkeyFX and they are using finpro to offer services to retail clients while TurnkeyFX only deals with institutional clients. Turnkeyforex.com on the other hand looks like an IB of either finpro or of turnkeyfx (they kept the similar name to create ambiguity)
Here is how I came to the conclusion that FinPro is in fact turnkeyfx:
Website address on FinPro’s MT4 is that of turnkeyfx.com and not that of turnkeyforex.com
Contact Address of TurnkeyFX is the same as FinProtrading (79 college road)
Phone number of TurnkeyFX is +44 02 8091 3467 (as given in the footer of the website) and phone number of finpro is +44 20 3289 3467 . Take a close look at the last 4 digits of the phone number, they are EXACTLY the same 
Here is how I infered that turnkeyforex is not the parent company
- The back office of Turnkeyforex is exactly the same as that of another broker vtsgold.com
- FinPro has more account types and account currencies than any one of these brokers (obviously is they were an IB they can not have more account types or the account currencies than their parent broker)
- FinPro offers Bitcoin direct integration which neither one of the others offer
- If you compare published commissoin on all these websites, FinPro tends to have lower commissions
- Support hours on FinPro is 24 hours while that on these websites are NOT
I also read on TurnkeyFX website that they have FCA approved liquidity BUT they dont cater to reatil clients. So I think the way they are structured is that turnkeyfx.com does not take reatil clients but have the required licenses and act as a B2B provider and FinPro is their entity that flows that over to the retail clients.
Now, these are just an observations and not a confirmation by either finpro or by turnkeyfx so I will leave that upto you to make the judgement call
@HyperScalper , Just a side note and based purely on my own experience. I personally think FinPro is far better than any other broker I have ever tried and the biggest reason why I say that is their client support. They are always available and always willing to help.
Sometimes, there can be things lost in translation (for example you can say Hello is 10 different tones ranging from cute to arrogant BUT you can only write Hello in one tone). Also, between many support agents, it is possible that the support agent that you are dealing with is different from that of mine. You might want to ask them to get on phone with you and they will call you back. BUT please DO tell them that you are going to be very Technical on the call BECAUSE not many clients will have the kind of experience that you have and you wont be easily satisfied if they dont have a super technical guy on the other side 
I dont intend to be their brand ambasador but I speak from my experience and in the world of messed up forex brokers, they definitely are doing a very good job.
I also have been looking at other forex brokers expecially the one who does BTC denominated accounts and has the same or better spreads than finpro. I’m currently testing a few of them and will share my findings once I have more experience with them.
Hello Marcin, I hope you are aware that Oanda is a market maker and they clearly state that on their website. So essentially your gains can be their losses (there is definitely a conflict of interest). Have you tried any other broker outside of these three ? Please share your finding if you have for the benefit of all members of this thread
Thanks for looking into all of this.
Website domain names can easily be changed, of course.
EDIT: OK, I accept that FinProTrading.com is the “retail arm” to
liquidity provided by TurnkeyFX (non retail). Your thorough analysis
convinces me of that.
Downloading the MT4 platform from either FinProTrading.com or
TurnkeyForex.com (TurnkeyFX.com offers download, but link does
not work… seems an old website…) yields TurnkeyFX-Live.srv
as the MT4 server file, which is the same backend service.
This, despite the fact that their customer facing chat at TurnkeyForex.com
said they have nothing to do with FinProTrading.com.
So, are both of these IB’s which are using TurnkeyFX’s backend services?
EDIT: So I am guessing that TurnkeyForex.com is an IB to TurnkeyFX.
The MT4 TurnkeyFX-Live.srv backend.
By the way, we are seeing “decent” turnaround times for Market Orders
in MT4 in the 125 millisecond range, most of the time.
hyperscalper
Very surprised that you are reporting FinProTrading (TurnkeyFX-Live.srv)
experiencing “freezes”. I’m only talking about the 28 major Forex pairs,
and have never seen anything resembling “freeze” on FinProTrading.com’s
backend (TurnkeyFX-Live.srv) in MT4.
You don’t say what instruments you are looking at here… Helps to be
specific
hyperscalper
Thanks for that info !
You don’t say what your EA is trading here, and I can’t square your results
against what we see from FinProTrading strictly on the 28 Major Forex pairs.
And, of course, for Live trading, the Lot Size of an Order will greatly affect the
probability of getting an Off Quote Rejection from a Liquidity Provider, very
much especially during New Event Scalping ! I mean, if you’re trading 10
Standard Lots, say, and are getting Off Quotes events, I’d say that would be
"normal" during News Event Volatility…
Maybe give us more info on what Instruments you are trading, and just how your
EA gets involved during heavy volatility ?.. For my own News Event Trading, I look
at the SLOPE of the Currency Strength Valuation indicator Trend Lines lines
in the hours or days prior to the event,
and take positions PRIOR TO the News Event before the Volatility, so good pricing
is still available. Clearly Liquidity Providers will widen spreads during News
Volatility, at least.
hyperscalper
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What broker are you seeing those kind of turnaround times with ? It seems as good as it can get unless you are cross connected with brokers server over a LAN because that is the only way I think you will ever consistently hit lower than 100 ms latency
Well, it’s just a “Pure ECN” FinProTrading ECN account,
but we’re measuring from Amsterdam, where our MT4
servers report less than 2 milliseconds to the servers,
which are using TurnkeyFX-Live.srv server connection file.
And FinProTrading claims they service our requests in
50 milliseconds, so we’re seeing an additional 100
milliseconds in overhead from beginning to end of each
Market Order request.
We are using the amazing NJ4X.com API which allows
us to have a “pool” of MT4 server processes, each of which
can deliver turnaround time in that range. So this means
if we have a dozen individual positions in a Forex symbol,
at differing prices and lot sizes; and we want to close them
simultaneously, then (with a pool size of 4) we can do
that in roughly 3 x 150 milliseconds, concurrently with the
other 3 of 4 server processes which execute “in parallel”.
MT4 is “synchronous” in its executions, and so having multiple
terminal.exe processes in a “pool” managed by NJ4X allows
us maximum throughput. Using 6 CPU’s with plenty of free
memory in a “dedicated VPS” we get great performance.
Obviously, it’s possible through other connection technologies,
other than MT4, to get much faster times; but we are not
playing the game of “fast”, preferring to play the game of
“smart” and consistency is one link in the chain.
hyperscalper
Oanda got this new V20 execution engine with supposly 1 ms fills. (That is what they advertise, we did not confirm it)
Our news Ea works great on that engine.
Right now we run our EA on TW and Oanda only.
Today Oanda got better fills than TW.
(We got really bad experience with Oanda in the past, so we are not sure what to think).
I know Oanda is market maker, we also think all the brokers take opposite side of your trades especially on small accounts. We do not care as longest we get decent fills. Our Ea is not a scalper so we do not care about occasional slippage.
The freezes we had with FinProTrading we did not investigate too much, maybe there was some other factor that was causing that. We did not want to waste too much time.
We might try using FinPro in the future.
I am having difficulty with your story, but more details please. The devil is in the details, as they say… What is your typical lot size since you talk about getting good fills ?
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First of all. Have ever released what lot size do
you trade? Never. All you have been doing is testing for years. Have you made any money trading?
But if you need to know we trade from 1-5 Lots, sometimes less during tests of course.
You need confirmation. You want us to send you private myfxbook link. We can do it.
I do not know what is your problem?
What story you have difficulties?
Don’t get the wrong idea here. I’m just wanting to learn more about
your criteria for a good fill. So with 1-5 Lot Size positions, are you
experiencing significant “slippage” from the Fill Prices you are
expecting?
Depending on time of day, a Market Depth on a Forex ECN could be
fairly “thin” at the inside Bid/Ask. Significant size could result in either
requotes from the Liquiditiy Provider, or just require “nibbling” many
levels of the underlying Depth to get the Volume you require for your
position.
I’m not picking a fight here. Just wanting to learn something.
EDIT: Just trying to get the definition of a “good fill”. Is it a fast
fill, a low slippage fill, a non-requoted fill? A fill which actually
gives you positive slippage (in your favor) sometimes? (I like
those !!!)
EDIT2: Are you using Market Orders, or Limit Orders which
could protect you from negative slippage?
When I use larger Lot Sizes, often I go for tighter Target distances.
Is that the strategy your EA is using, i.e. larger lot sizes and shorter
targets for scalping?
hyperscalper
We do use Market Orders only and good fill to us during news is instant fill with max 5 pips negetive slippage.
Occasionally we get 5-10 pips negative slippage.
Since we are not scalpers that is fine. We rather be in a trade with 10pips negative slippage that no trade at all.
So far TW never rejected our market order within last six months. Oanda same but we used only small orders up to 1Lot and we tested for 2 months.
LMFX rejected our orders almost 50% of the time with off quotes error.
Finpro was good to us at first. But then we started
missing trades do to lack of ticks. We think Finpro was freezing but we are not 100% sure.
Thanks. Personally I don’t see how you could tolerate such large negative slippages ! I wouldn’t accept that… If the slippage were lot size related, related to thin inside tier liquidity, I would use multiple orders at smaller lot sizes to bring slippages to within 1 pip. Unless you are chasing fast markets or something like that, in which case that’s just not something I would do. If slippages we’re that high, I would be using limits and cancelling unfilled ones… wow. Thx for the info.
EDIT: I think I see what you are doing during News Events. You are chasing price during those events; which is the worst case scenario. It’s no surprise that there are issues with fills or rejections by liquidity providers, due to latencies, if not for the other reasons, like Bid/Ask spread, etc. I don’t experience issues like that because I don’t try to enter positions, chasing a fast moving price. I prefer to get into positions ahead of News Events, or to use Limit Orders to protect against negative slippage. So, to me, it seems that is why you are so critical of FinProTrading, for example, which otherwise provides accurate fills with very little slippage. It is very difficult to get “instantaneous” latencies or reaction times, due to the “slow retail” nature of MT4. I mean, it isn’t a FIX connection with direct access to liquidity providers. During non-news-event periods, latencies in reaction times of 100 milliseconds doesn’t make much difference. But during high volatility News Events, 100 msecs can be 10 PIPs in market movement; hence the appearance of “slippage” from the moment your system makes the decision to strike. It makes perfect sense to me. Now, if you’re getting no rejections from the system during high volatility, then that means you’re dealing “locally” with the broker, operating somewhat as an old-style Market Maker. If your orders are being sent to external liquidity providers, then they may have the option to reject the pricing which is being presented to them, due to latencies of a couple of hundred milliseconds. The key is trading during very high volatility with wide spreads, I’d say.
This is no criticism of what you’re doing, or the strategy of chasing during high volatility periods. It’s just me trying to understand how a 10 PIP slippage could happen at a brokerage as good as FinProTrading… I see their Bid/Ask spreads widen, especially in the secondary Pairs, and don’t like it; but it represents what the LP’s feel is a much higher uncertainty during volatility…
EDIT2: Just wondering, are you using Buy Stops or Sell Stops to trigger your entries? In those cases, they should be faster than placing a new Market Order from the client side, as Buy/Sell Stops should be triggered on the server… (not sure about that in every case…)
hyperscalper
Hi guys, anyone here trading using FXChoice? and trading gold? If there is, how is your swap rate? because i am seeing something unusual here, normally the swap is -6 for long position, and on thursday to friday, the swap is triple, and on friday closed, the swap is triple again, at -18.
Does swap for gold works the same with currencies, if it’s the same then it should be triple at wednesday to thursday, right?
And how come they charge triple twice? is it because it’s gold? i don’t have a lot experience trading gold