RE: FIBOGROUP no U.S. persons
I visited their site from my Amsterdam VPS, was geolocated as
being in the Netherlands, so was redirected to their fibogroup.au
site. There I chatted with the rep, asking whether U.S. persons
resident in the U.S. could open Forex accounts. No. Then I asked
whether U.S. persons, resident, say, in the U.K. could open Forex
accounts, and NO that makes no difference. NO U.S. persons,
regardless of residency.
hyperscalper
it’s kind of hard to scroll up to get to the first page to see the broker list
AS IF TO INVIGORATE THE “RAISON D’ETRE” OF THIS THREAD…
I found this article in Forbes which I hope will rekindle the enthusiasm
which this thread represents, TO FIGHT OVERREACH and destruction
of Forex trading market opportunities for U.S. persons.
[EDIT] note this article is by Robert Green who has been mentioned
as having bias elsewhere in this thread…
hyperscalper
ANOTHER ARTICLE BY GREEN FURTHER EXPLAINING,
CFTC AS WELL AS CRYPTOCURRENCY STATUS
…I won’t abuse my posting privileges further… 
hyperscalper
WHAT I GATHER FROM THIS is that “leverage” or "financing"
is part of the major issue CFTC has. Forex trading is objectionable
because of the “leverage” and Cryptocurrency trading is OK
when no “financing” or “leveraging” is being used…
If we traded Forex on a 1:1 cash basis, without any leveraging, it
seems, then CFTC would have less concern ?? Odd.
hyperscalper
FINPROTRADING.COM TICKET SUPPORT AWOL ??
At this time, I’m not seeing any responses from FinProTrading.com
in their official ticketing system. Yeah, it sends you an email
about receiving your ticket, and then it just sits there.
My latest ticket to FinProTrading.com is this:
WHAT IS WRONG WITH YOUR SUPPORT?
to which, so far, there has also been no response…
hyperscalper
FINPROTRADING.COM SUPPORT
SO I CONTACTED THEIR LIVE CHAT, rather than
their official Trouble Ticket system. They were able
to fix the problem of BTC -> USD funding to an
account.
THEY ADVISED to contact Live Chat Support, rather than
to use the trouble ticketing system. Who knew ??? Sheesh !
Honestly, I feel better now that we also have TurnkeyForex.com
as competitive to FinProTrading.com since there is at least
an alternative to FinProTrading if things turn south, etc…
hyperscalper
SEEN ON REDDIT RE: FOREX FOR U.S. PERSONS
hyperscalper
LQDFX has been on the List for many months.
I’m guessing, from your following post, that you discovered that fact for yourself.
anyone else brokered with FXchoice or LQDFX?
You can review all the recent conversations regarding those two brokers, if you scroll back to post #2 in this thread, and click on the links shown there.
The links in post #2 have been brought up to date.
A couple of small observations:
FinProTrading routinely grants 400:1 leverage on request.
Performance and Bid/Ask spread status which I have
posted concerning FinProTrading applies equally to
TurnkeyForex.com as they are using the same backend service
provider, which is TurnkeyFX.com (not a broker but a
liquidity and connectivity provider for these two brokers.)
hyperscalper
P.S. spreads at 06:15 GMT (during the slow Asian session)
are:
symbol min , avg , max spread pips
AUDCAD, 0.5 , 0.9 , 1.0 #
AUDCHF, 0.4 , 0.6 , 0.7 #
AUDJPY, 0.2 , 0.4 , 0.6
AUDNZD, 0.1 , 0.6 , 0.9 #
AUDUSD, 0.1 , 0.2 , 0.5
CADCHF, 1.0 , 1.2 , 1.2 #
CADJPY, 0.5 , 0.6 , 0.8 #
CHFJPY, 1.3 , 1.4 , 1.5 #
EURAUD, 0.3 , 0.5 , 0.8 #
EURCAD, 0.7 , 0.9 , 1.2 #
EURCHF, 0.7 , 1.0 , 1.3 #
EURGBP, 0.3 , 0.5 , 0.6
EURJPY, 0.2 , 0.3 , 0.5
EURNZD, 1.5 , 1.9 , 2.2 ##
EURUSD, 0.1 , 0.3 , 0.4
GBPAUD, 1.1 , 1.5 , 2.4 ##
GBPCAD, 1.4 , 1.6 , 2.3 ##
GBPCHF, 1.2 , 1.3 , 1.7 #
GBPJPY, 0.2 , 0.5 , 1.2
GBPNZD, 2.9 , 3.2 , 4.2 ###
GBPUSD, 0.2 , 0.4 , 0.9
NZDCAD, 1.0 , 1.2 , 1.2 #
NZDCHF, 1.0 , 1.0 , 1.7 #
NZDJPY, 0.7 , 0.8 , 0.9 #
NZDUSD, 0.3 , 0.5 , 0.8 #
USDCAD, 0.3 , 0.4 , 0.7
USDCHF, 0.5 , 0.7 , 1.1 #
USDJPY, 0.1 , 0.2 , 0.3
Obviously they are better during the London
Session, so this is a worst case session.
I just found out that LMFX does not support Signals from MQL5.com for the MT4 platform.
They refused to give me a reason for this.
There is absolutely no reason for this whatsoever.
This combined with the ridiculous time it takes to withdraw funds give me pause.
Please be aware of this before choosing this broker.
-Blarp
I was just coming over here to say the same thing!
I checked with Pax forex and they do not initially offer it on the platform as you have to request it from your account manager. I was going to test them out, then got a bad feeling along the way
I already have an account with FinPro and Traderway. I don’t know why I ever left Finpro, but I am on my way back over there! They are pleasant to deal with and their execution speed is the fastest I’ve seen
That is after LMFX decides to give me my money!!! 10 business days and counting for a bankwire!
STAY AWAY FROM LMFX!!!
i started live trading with LMFX last june. love them so far. that’s just my experience and two cents at this point.
Is “Finpro” the same as “Finspreads” was 15 years ago ?
if you fund your account by wire transfer at finpro your sending your money to TurnkeyFX not finpro trading, so i don’t know whats the deal with finpro
I just found out about LMFX and i’m doing my research before I deposit any money with them. Seeing that you’ve worked with them since last June, how has your experience been with them in these categories:
1.) Platform
2.) Deposit
3.) Withdrawal
4.) Customer support
Any information that you have will be greatly appreciated.
Best,
CallHimKev
FinProTrading.com does use the service provider
TurnkeyFX.com . This service provider not only provides
trading and market data, but may have some role in
funding. It seems “normal”.
Also TurnkeyForex.com, another broker competitive
with FinProTrading, also uses TurnkeyFX.com as their
service provider.
NOTE: Don’t get confused. TurnkeyFX is NOT a broker
but a service provider to multiple brokers.
Now, I’m not sure which entity holds funds, but that
sounds like that would make sense and be “safe”.
hyperscalper
