Tallinex is getting sued that is why I think they changed the website for US. I am wondering if they will show up to court. I believe it is in UTAH.
Can you post a link to that fact, please ? I’m interested in reading more about it.
Never mind, I found it… that’s disappointing.
Yeah, re: Tallinex, I contacted their website from my Amsterdam
VPS and of course that passes its IP filtering…
I am glad I did not use Capital City Markets but it was for reasons
of Spread and Commission costs which I told them were not
competitive. I was lucky !!
hyperscalper
How can a regulatory committee sue someone else in another country that has different country laws…? A man in one place says do what he says and another man elsewhere says do what I say or else, Smh. This is why I believe in natural law.
1 Like
Update on FinProTrading Live performance:
Market orders are marked as such.
Close orders are not marked, but I annotated some of of them, guess
I should be more explicit…(note to self…)
These are Orders in the EUR/JPY pair…
But you can see the general consistency of performance, which
I find very good !! We execute multiple position closures in
parallel also…
From a Technical perspective, FinProTrading is top of the list,
I believe… Unless somebody has something better with MT4.
Please ignore anything which is less than about 50 milliseconds,
since that is most likely not “real”…
[20171026-16:57:27.652(GMT)] OrderOp elapsed: 178
[20171026-16:57:30.840(GMT)] Sell Market OrderOp elapsed: 131
[20171026-16:58:29.996(GMT)] OrderOp elapsed *: 38
[20171026-16:59:20.668(GMT)] OrderOp elapsed *: 10
[20171026-16:59:20.824(GMT)] OrderOp elapsed: 146
[20171026-17:13:17.637(GMT)] Buy Market OrderOp elapsed: 172
[20171026-17:15:27.137(GMT)] OrderOp elapsed *: 2
[20171026-17:15:27.262(GMT)] OrderOp elapsed: 110 <-- Close position
[20171026-17:38:59.184(GMT)] Sell Market OrderOp elapsed: 205
[20171026-17:39:49.199(GMT)] OrderOp elapsed *: 9
[20171026-17:39:49.355(GMT)] OrderOp elapsed: 154 <–Close position
[20171026-17:41:02.887(GMT)] Sell Market OrderOp elapsed: 174
[20171026-17:41:46.621(GMT)] Sell Market OrderOp elapsed: 186
[20171026-17:42:41.074(GMT)] OrderOp elapsed: 81
[20171026-17:44:02.184(GMT)] OrderOp elapsed *: 32
[20171026-17:44:02.293(GMT)] OrderOp elapsed: 109
[20171026-17:44:02.371(GMT)] OrderOp elapsed: 187
[20171026-17:44:02.402(GMT)] OrderOp elapsed: 218
[20171026-17:44:02.449(GMT)] OrderOp elapsed: 80
[20171026-17:44:02.465(GMT)] OrderOp elapsed: 96
[20171026-17:45:52.355(GMT)] Buy Market OrderOp elapsed: 186
[20171026-17:46:37.668(GMT)] Buy Market OrderOp elapsed: 137
[20171026-17:47:18.762(GMT)] OrderOp elapsed *: 10
[20171026-17:47:19.184(GMT)] OrderOp elapsed: 111
[20171026-17:47:19.184(GMT)] OrderOp elapsed: 110
[20171026-17:47:19.309(GMT)] OrderOp elapsed: 543
[20171026-17:47:19.324(GMT)] OrderOp elapsed: 556
[20171026-17:48:00.418(GMT)] Sell Market OrderOp elapsed: 165
[20171026-17:48:37.277(GMT)] OrderOp elapsed *: 13
[20171026-17:48:37.449(GMT)] OrderOp elapsed: 162
[20171026-17:49:40.418(GMT)] Buy Market OrderOp elapsed: 154
[20171026-17:49:46.840(GMT)] OrderOp elapsed *: 5
[20171026-17:49:46.980(GMT)] OrderOp elapsed: 130
[20171026-19:05:46.312(GMT)] Buy Market OrderOp elapsed: 154
[20171026-19:08:18.281(GMT)] OrderOp elapsed: 100
[20171026-19:08:27.203(GMT)] OrderOp elapsed *: 76
[20171026-19:08:27.297(GMT)] OrderOp elapsed: 86
[20171026-19:08:44.906(GMT)] Buy Market OrderOp elapsed: 173
[20171026-19:11:30.703(GMT)] OrderOp elapsed *: 27
[20171026-19:11:30.922(GMT)] OrderOp elapsed: 213
[20171026-19:11:30.922(GMT)] OrderOp elapsed: 214
[20171026-19:40:18.718(GMT)] OrderOp elapsed: 66
[20171026-19:41:34.090(GMT)] OrderOp elapsed: 95
[20171026-19:41:53.840(GMT)] Buy Market OrderOp elapsed: 153
[20171026-19:41:55.199(GMT)] OrderOp elapsed *: 20
[20171026-19:41:55.277(GMT)] OrderOp elapsed: 76
[20171026-19:48:09.215(GMT)] Buy Market OrderOp elapsed: 720
[20171026-19:48:21.855(GMT)] Buy Market OrderOp elapsed: 185
[20171026-19:53:48.246(GMT)] OrderOp elapsed *: 6
[20171026-19:53:48.418(GMT)] OrderOp elapsed: 165
[20171026-19:53:48.433(GMT)] OrderOp elapsed: 180
[20171026-19:53:48.465(GMT)] OrderOp elapsed: 212
C:\HyperScalper\apps\tt-multi>
hyperscalper
Im wondering now after seeing this enlightnning new info about Tallinex. If Capital City Markets really did get the money , but on the verge of being sued , so made a deal with payment provider to say they never got the money so then they can say they never had US traders and not get sued
??? See , get it ??? So if they (CCM ) say its complicated , lol , if this is the real truth ,yea is dam complicated !
We withdrew over 10K from CCM by wire right after our accounts were transferred.
Conspiracy theories don’t help; Clint can help
us stick to the facts only. Pleez, Clint !!! 
hyperscalper
have anyone tried to do the charge back like CCM suggest, i think the payment processor did get rob them, i just wonder what action CCM is taking against the payment processor
[quote=“HyperScalper, post:4790, topic:35612, full:true”]
Conspiracy theories don’t help.[/quote]
I agree. Let’s avoid creating fake facts.
In particular, let’s not confuse CCM with Tallinex.
According to Tallinex, there is no continuing business relationship of any kind between the two brokers. When Tallinex came under attack by the U.S. authorities – culminating in the SUIT mentioned above – Tallinex transferred the accounts of all of their U.S. clients to CCM. No business relationship existed between Tallinex and CCM prior to that transfer, and no business relationship has existed between them since the transfer.
At the time of the transfer, as Tallinex was in the process of severing all ties with the U.S. market, the choice of CCM (as opposed to some other broker) was a matter of convenience for Tallinex.
Therefore, CCM is not a party to the U.S. government’s suit against Tallinex.
And so far, CCM is not a target of the U.S. government on their own account.
[quote=“HyperScalper, post:4790, topic:35612, full:true”]
Clint can help us stick to the facts only. Pleez, Clint !!! 
[/quote]
I don’t have many facts to stick to. Like all of you, I’m waiting for facts.
Specifically, I’m waiting to hear from members of this forum who are clients of CCM whether they have had any success in retrieving their lost deposits; and I’m waiting to hear from CCM that they have established a relationship with a reputable PSP, and have taken steps to ensure that this sort of deposit problem will not happen again in the future.
There is one thing I can add to the discussion at this time – the email reply which I received from CCM (which I initially said that I would not post).
Very early on Tuesday, October 24, I sent an email to CCM in which I made several statements and asked several questions. I posted that email HERE.
A few hours later, CCM replied to my email, refuting the statements I had made, and offering answers to my questions. I posted HERE that I had received the CCM email, and that I would not be posting it here in this thread at the present time.
I have changed my mind about that. Below is a copy of CCM’s reply to my email.
Note the last paragraph of their reply, in which they allude to the conspiracy-theory issue – although they don’t use that term. Also note that the abbreviation PSP in the CCM email stands for “payment services provider”.
Here is that email –
I mentioned in THIS POST the possibility of placing a WARNING on the Capital City Markets listing in The Offshore Broker List, but I said that I considered it premature (at that time).
In view of the fact that we might be looking at months before some of our members are able to resolve their deposit problems with CCM, I think a WARNING is appropriate, and I will add it this weekend.
This email response from the Admin of Capital City Markets is riddled with red flags . The first email to us traders was ridiculously unclear with no apparent reasons. My return response email to CCM stated that they have not made one bit of sense . Then they did not respond for over 24 hours ! Not minutes or hours and they do not allow a chat feature. Personally I have not received my funds back instantly from my bank , in fact they have not gotten back to me after I went in with all my electronic communication and deposit info with a lengthy process ordeal ( 4 hours ) . The admin of CCM goes on to say it is not highly suspicious , though financial fraud experts that do this for a living say that would be a lie. Further it begs to be answered , after all this time (months) WHOSE MONEY HAVE WE BEEN TRADING IF IT NEVER WAS RECIEVED ?
The CFTC Red List – and the future for U.S. Forex Traders
https://www.smartcheck.gov/REDList/
Do forum participants see that our available brokerages will inevitably
be picked off, one by one; or is the sentiment that we will always
have at least a handful of brokers who are willing to work with U.S. persons??
hyperscalper
SOLICITATION OF U.S. CLIENTS VS. PASSIVE ACCEPTANCE
So far, my understanding of these CFTC regulations, as has been
mentioned several times by Clint and others,
It is “illegal” for the foreign entity to actively “solicit” U.S. clients
but it is not illegal for them to accept a U.S. client’s application
which is “unsolicited”.
Is this in fact the correct distinction? Especially in those cases
where the foreign broker has NO U.S. business entities which
could have funds seized, etc. due to non-compliance (whatever
"compliance" is defined to be by CFTC).
hyperscalper
1 Like
I read through the REDList at the link provided by HyperScalper and I did not see LMFX, although I did see the other 3 Trusted Brokers currently shown in the Group 1 list. Maybe I somehow missed seeing it and maybe there is nothing significant about that broker not being on the list, yet.
I also noted the sentence at the link stating “The goal of this list is to provide information to U.S. consumers about foreign entities that are acting in an unregistered capacity and to help them make more informed decisions about whether to trade with or through such an entity.” To me, that sentence makes it clear that I can trade with those entities if I choose. I realize this must have been discussed many many times here and elsewhere, but it was one of those things I wanted to track down and actually see in writing. Sorry to get off subject.
TK
On the contrary, isn’t this absolutely “on topic” ???
hyperscalper
In the description of offshore brokers, the spread is shown, but it happens rarely that anyone discusses carry trade here. Obviously, a person like hyperscalper (who does most of the analysis for spreads) does not care that much about carry trades. However surely there are people who trade on longer term.
I would like to ask if anyone knows which of those brokers have the best carry trades? Or is there a thread which discusses current carry trades for brokers (I mean not something that was active 10 years ago, but now in the present).
I know this is not definitely an offshore question as I am looking for any good carry trade brokers, but it is a good starting point to know what you guys think of the brokers which you have tried.
FE
EVOLVE.MARKETS WITHDRAWALS AND BTC TRANSACTIONS
They do say that their BTC withdrawals are “manual”. In my
latest experience, they didn’t do the transaction for about 12
hours, well within their advertised 24 hour window.
However, when dealing with BitCoin, as more crypto-savvy
members will know, one Big Issue is with BitCoin Transaction rates.
This, in turn, is influenced by the “fee” which is attached and
paid to the miners. (The other significant issue would be the
relative volatility of the BTC market.)
FEES
Because Evolve.Markets pays the BTC transfer fee, it attaches
a fairly small minimum fee to the transaction. This influences the
Miners to pass over your transaction and process other higher
fee transactions first, often for many hours…
Everything works fine from end-to-end of the chain, but I went into
BTC expecting faster transaction times. Understanding why these
transactions are “slow”, and the direct relationship to a relatively low
transaction fee, is just “getting used to” working with BitCoin.
Hoping some of the upcoming “forks” and proposals will significantly
decrease BTC confirmation transaction rates !!
Steps required when withdrawing from Evolve.Markets:
In my case, using CoinBase, obtain a “receive” wallet address.
At Evolve.Markets, Choose Withdraw.
Provide the “receive” address at CoinBase as Withdrawal Address
Specify the amount in BIT
Provide the Evolve website client password
(optionally) Provide Google Authenticator Code
Click Withdraw.
But, wait! Don’t forget that you must also go to your registered
email and click Approve; otherwise the transaction request
at Evolve will expire. They don’t make that obvious…
So you may try several times, and find your transactions
"expire" because you have failed to check your email.
Then WAIT. Up to 24 hours until status goes from queued to complete.
Then, at CoinBase, observe you have receive the BTC
BUT, then you must wait for sufficient confirmation of the BTC
transaction until it is considered “irreversible” . BTC TRANSACTION RATE
At which time, then at CoinBase, you may SELL some BTC
and “instantly” receive USD in a wallet at CoinBase (in my case).
Then request transfer to your linked Bank, which takes 1-2 days.
Voila! You have withdrawn into USD which you can spend !!!
NOTE: Using CoinBase is absolutely NOT an “anonymous” way
to use BitCoin; there are others which are much more anonymous…
hyperscalper
1 Like
Hi, I thought this was one of our brokerages. I do have a live
account (currently empty) with them, but unless they have changed
policies, isn’t SimpleFX available to U.S. clients?
Sorry if I’ve missed something along the way. Whereas their
Live spreads appear slightly wider than some others, they
appear very competitive.
I access them through MT4 but they do also appear to have a
web only interface as well. Funding is in BIT. Apologies if SimpleFX
has been excluded for some reason; otherwise, why don’t we list it?
[EDIT] I can’t recall the circumstances when I got the account so, unless
they have definitely changed their policy on U.S. persons, we should
list them…?? I’m gonna fund it with some, and kick the tires (or tyres)…
[EDIT2] Literally in the brief moments since I first made this post, I grabbed
some BTC on CoinBase, and sent it to my SimpleFX account, and after
1 confirmation by the BTC Miners, the funding is now active in MT4 !!!
I’m taking this “broker diversification” thing seriously, as I do have a
Master/multi-Slave setup in my software platform.
I’ll do some more checking, maybe I just need another cup of coffee !! LOL
hyperscalper
1 Like
SIMPLEFX SPREAD ANALYSIS
at this time 04:30 GMT (Asian session) here are
the spreads at SimpleFX:
[EDIT] By the way, for smaller accounts leverage
is 500:1 and that decreases as account
size increases, but it’s quite good.
symbol min , avg , max spread pips
AUDCAD, 1.6 , 1.8 , 2.0 ##
AUDCHF, 1.6 , 1.8 , 1.9 ##
AUDJPY, 1.5 , 1.7 , 2.0 ##
AUDNZD, 1.6 , 2.1 , 2.4 ##
AUDUSD, 1.1 , 1.2 , 1.3 #
CADCHF, 1.6 , 1.8 , 2.0 ##
CADJPY, 1.5 , 1.7 , 1.9 ##
CHFJPY, 1.4 , 1.8 , 2.1 ##
EURAUD, 1.8 , 2.4 , 2.8 ##
EURCAD, 1.8 , 2.3 , 2.6 ##
EURCHF, 1.2 , 1.4 , 1.6 #
EURGBP, 1.0 , 1.2 , 1.3 #
EURJPY, 1.1 , 1.4 , 1.7 #
EURNZD, 2.3 , 3.0 , 3.3 ###
EURUSD, 0.9 , 1.0 , 1.2 #
GBPAUD, 3.3 , 4.0 , 4.4 ####
GBPCAD, 2.4 , 2.7 , 2.9 ###
GBPCHF, 2.8 , 3.0 , 3.1 ###
GBPJPY, 1.3 , 1.7 , 2.1 ##
GBPNZD, 3.3 , 3.9 , 4.4 ####
GBPUSD, 1.1 , 1.3 , 1.6 #
NZDCAD, 1.5 , 2.0 , 2.5 ##
NZDCHF, 1.5 , 2.0 , 2.1 ##
NZDJPY, 1.3 , 1.7 , 2.0 ##
NZDUSD, 1.2 , 1.4 , 1.5 #
USDCAD, 0.9 , 1.1 , 1.3 #
USDCHF, 1.0 , 1.3 , 1.4 #
USDJPY, 0.9 , 1.0 , 1.2 #
hyperscalper
1 Like