Going offshore to escape the CFTC

LQDFX has been on the List for many months.

I’m guessing, from your following post, that you discovered that fact for yourself.

Here’s how to do it —

Step 1



Step 2

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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!!!

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i started live trading with LMFX last june. love them so far. that’s just my experience and two cents at this point.

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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

TRADERSWAY’S MT4 TRADING SERVERS OUTAGE?

It seems to me that at this moment, TradersWay’s MT4 servers
are not reachable. Does anyone else see this?

I’ll chime in if I’m able to contact them, could be a scheduled
thing, but normally this would not be OK.

[EDIT] So now it seems they are working !!! SHEESH… well,
anyway, I hadn’t seen that situation before…

hyperscalper

DEDICATED SERVERS IN AMSTERDAM COST-EFFECTIVE
RECOMMENDATION.

EQservers.com (U.S. and Netherlands) , appears to be a Delaware
corporation.

Long story short, my VPS provider SeedVPS really does a good
job, in general, of providing very low cost service. My recommendation
for SeedVPS still stands…

However, I ran into an extreme situation where apparently I
was seeing “thread starvation” since I push the VPS pretty hard.
They refused to recognize this issue with the KVM virtualization,
so I bit the bullet and set up a Dedicated (non-VPS) system
through EQservers.com running Windows Server 2008 R2 Standard.
While they are rather intrusive about identity, card based payments,
and your personal information, it’s a solid and low cost service
with installations in the Netherlands.

I got an HP proliant blade server with
Xeon processor (8 threads) 16gb memory and way too
much storage for $79 / month !! So… these are completely
self-managed systems, so you need to scrounge up the system
admin skills, but it’s a sweet price.

I was seeing 2 millisecond pings from my VPS, but now with the
dedicated server, that is reduced to 0.43 milliseconds so overall
performance and network performance is very fast and solid.

hyperscalper

what’s up kev.

  1. the platform concerning trading is mt4. so no learning curve or difference there. their website/back office/ lmfx account wallet isn’t really the EASIEST site ever designed. but i figured it out because i’m not an idiot and my money gets a lot of my attention and effort. i highly recommend you check out the lmfx review comments on fourex piece armee because the lmfx employee Maria slays some dummy on there complaining about stuff like that. it’s liberating to read it, because i go to work every day having to treat idiot customers as equals or superiors. Maria is my hero.

  2. the deposit rocked. i sent $5,000 via a checking account wire transfer. it was in my account in like, 2 days or something. the wire fee from my bank was $45. lmfx credited an extra $45 into my account as a reimbursement. they did it automatically. it’s not like i asked for it or submitted anything other than my wire t/f.

  3. i have not withdrawn money yet. i’m aware that THIS is the big deal amongst those who dislike lmfx. well, maybe someday i’ll see. though i’d like to think that if they really truly legitimately were NOT giving people their money, the court of public trader reputation would snuff these guys out. for instance- anybody here even THINKING about funding a capital city markets account?? a few legitimate dollars disappeared and that broker got destroyed.

  4. their customer support is great. they’ve been polite, quick to respond, and helpful. and like i said, i’m starting a local Maria fan club. i hope she keeps crushing rude a-holes on the review sites.

my only issue with lmfx thus far, if i try to find something- is that their site does not have any way to track your trading volume towards earning your deposit bonus. it’s a match bonus. so…i received a $5,000 bonus, meaning i could trade with their leverage as if i have $10k in my account. but obviously that isn’t MY money to withdraw yet. i have to meet some hefty trading volume requirements first. i hope that i’m lucky/good enough to be trading long enough to meet that volume. but that’s down the road. i’ll deal with that when/if it ever matters.

lmfx, i love you guys. don’t stop

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if you have account with finpro trading all you have to do is go to deposit funds by wire transfer and you will see it has the bank where the funds is going and the company where the funds is going and it say Turnkeyfx, very easy to confirm if you have account with them, so your funds is going to turnkeyfx and not finpro trading

HMMM… could be just acting as a “money transfer agent” for
their brokerages… They also handle crypto transfer mechanisms.
The name “Turnkey…” suggests they offer comprehensive services
to brokers on a “turnkey” basis…

hyperscalper

“money transfer agent” lol but your money is going to Turnkeyfx, never heard of that

OUTSOURCING? … MAYBE

hyperscalper

i have account with finpro trading i never fund that account when i saw my money was going to turnkeyfx and not to finpro trading, they say there parent company is Finvasia if this is true then there is no need to outsource your banking witch is never done in forex