For smaller traders, in my experience, when I used to work with Futures Traders is that they were under-funded and were unable to control their risk, due to the “indivisible” value of the 1 contract commitment in, say, 6E ( EUR/USD ).
As you know, in Forex, the same Risk can be 1/100th less (or anywhere in between) and multiple price entries can be used to improve the cost basis ( Volume Weighted Average Entry price )…
If this is not a factor, with large accounts, then Futures trading is viable. In my case, since I do only Forex, Forex analytics would apply equally well to the corresponding Futures contracts with Forex underlyings…
Those who prefer Futures are certainly under-valuing the flexibility and breadth which Forex offers… I use Forex inter-relationships to factor out Currency Trending, and that provides a high level of predictability in Forex trading… (don’t ban my post, since it’s not advertising!)
Honestly, I think the Forex market (at least the major 28 Pairs, based on the 8 primary Currencies, omitting CNY) is one of the most interesting markets, since we can literally “calculate” where the opportunities lie, as there are “constraints” internal to the Forex markets, which do not exist in any other market types, I’d say… but anyway…
Finally, the “death blow” which the Futures markets have dealt to Forex in the U.S. makes this Forum extremely valuable for Forex traders to find brokers, since Forex in the U.S. is really just “dead” in the sense we’ve become accustomed in the past…
No issues. But, yes, my recommendatiion is never ever to accept bonus type money from any broker… With the leverages available, does that really help anyone? And if you need “bonus money” maybe you’re just under-funded, man… !
Yeah, I very strongly recommend this broker. It is a fully anonymous account creation and they have now migrated to MetaTrader 5 for new accounts. For me, using the NJ4X framework, fortunately I am able to deal with mixed MT4 and MT5 accounts.
I can’t say anything negative about Evolve.Markets from any perspective. It’s almost “magical” … I have noticed that since their MT5 implementation is a recent development, that there are some disconnect/reconnect issues, but maybe MT5 is just a bit more sensitive to connection quality…
Your ability to quickly move funds will depend upon the underlying Crypto currency. For BTC accounts, you’ll suffer the slow response of the BitCoin network. But for native LTC (LiteCoin) account types, transaction confirmation times are very quick.
Initially they’ll give you a BTC account, but I prefer LTC so you just open up a second live account using the LTC native funding type. I guess you can just delete your BTC account if you wanted to… VERY HIGHLY RECOMMENDED by me…
RISK of course, is that your accounts are Crypto-funded, so you will be exposed to exchange rate fluctuations between your account Currency and your Fiat or normal currency, EUR, USD, whatever… This can be seen either as a risk, or as an additional “dimension” of trading opportunity…
[EDIT] included screenshot showing that LTC (LiteCoin) accounts are also available. You can literally fully set up an account and trade it within 15 minutes or so… Quite amazing. And, I might add, their support is responsive as well… which is a pleasant surprise… I think they can also protect you with a 2-Factor authentication login…
Thanks for the tip about disconnection issues. Haven’t experienced that myself yet but will be looking out for it.
For those interested, here’s a random screenshot of some major pairs showing in Evolve’s zero commission “classic” account. It’s about 3 hours into the Asia trading session. The USD pairs are trading at 1 pip. Crossrates are also pretty tight. 1.5 pips on EURAUD is very impressive! The spreads do fluctuate, but this is representative for Asia. NY session is even better.
I would never trade with an account that has commission included
in the spread. It should be raw spread plus commission. But if you
like it, then great …
I can easily give you the spreads for Evolve.Markets during any
session, with some lead time. If you are not doing "precision trading"
where pricing really matters, then it really is insignificant, I’ll admit.
The one issue I have with Evolve is having your balance sitting in Crypto. Of course you could always attempt to hedge out that risk by taking a long USD position to cover your balance/profits, however that can get tedious and increases commission costs. That being said, I do have an account there strictly for the 500:1 leverage on CFDs which are banned in the US.
I would like to give my up-vote for Turnkeyforex.com to trusted broker status as well.
They have my vote of confidence for their client support services, timely deposit and withdrawal (been tested more than a few times ) along with the spreads & commission that they offer( I use the ECN account only).
To me they have proved themselves to be a Trusted broker.
Looks like a competitor to Evolve.Markets with more
crypto choices… Great pricing, commish and other terms, MT5
only… [EDIT] in another area they say MT4 so a bit confusing
on which MetaTrader platforms are supported… As with
Evolve.Markets possibly new accounts MT5 only…
[EDIT2] They also mention “fiat” currency accounts, as well
as cryptos, so it is not clear what those choices would be,
some ambiguities on the website itself on a few issues…
Overall, looks really promising !
I did not look into U.S. persons availability but my guess is “yes”.
They are not “soliciting” U.S. persons, clearly, so they would be
CFTC compliant in that regard
Should we designate Turnkey Forex (UK) as a Trusted Broker?
Over the past month, three of our members – HyperScalper, whywescalp, and theforexalgo --have recommended designating Turnkey Forex as our fifth Trusted Broker.
This is a call for additional votes, for or against this designation.
If you have PERSONAL experience trading LIVE with Turnkey Forex, please post your opinion on this recommendation.
Hi Clint! i split my trading between turnkey and finpro. they are deserve to be in the trusted list. have been with them past one year without issues. Good conditions and responsive support team
@HyperScalper@SmallPaul i have an account with them. Shifted from evolve. They don’t accept fiat and offer MT5 only as a trading platform. And a friend of mine from US also trades with them. Spreads and comm are most competitive. you can literally see negative spreads during european & asian sessions. Though i have a small account with them but they seem very promising. particularly pleased that they have chat on their website as opposed to evolve.
coinexx sounds very promising , they accept most of the major crypto pairs for deposit, they have accounts denominated in Bitcoins, Litecoins, etherum, bitcoin cash , their chat support tells me that it is possible to have a USD denominated account with them as well AND they dont accept fiat as a method of payment. All deposits and withdrawals are based on cryptos, you can ALSO get withdrawals in any of the major cryptos so both deposits and withdrawals sounds extremely good. Since they only transact in cryptos, we dont have to go through long and cumbersome process of account verification (in a way similar to how evolve guys are). I looked at their spreads and they clearly are a notch better than our best brokers. Obviously @HyperScalper can give us better insights into their spreads compared to our top brokers.
Im going to open an account with coinexx and will share my experience with you guys. So far what I have seen, they look extremely good and totally worth a small test deposit.
thanks @SmallPaul for sharing the info. This broker is everything that I have been looking for
Moving from MT4 to MT5, we are accustomed to an account
which is not a “net position” account, but one which allows for
multiple positions in a Forex symbol to be accounted for
separately, and even “hedged” in opposite directions…
(Multiple “tickets” are retained, and not collapsed…)
So far, what I’ve seen with MT5 accounts is the expected
"hedging" or multi-position approach to the account setup,
and I assume this is true with Coinexx. Do you know?
This retains compatibility with MT4-based accounts, in the
new MT5 environment. To be clear, I never take opposite side
positions in the same symbol, but some traders do… But I
do rely on the discrete Ticket information being preserved,
as opposed to a “net position” approach which I’d say nearly
nobody really wants…
[EDIT] this is a big deal for me, since I use NJ4X across both
MT4 and MT5 accounts, and my control logic would be completely
disrupted with a “net position” account type…
Their commission is $2 per std, round-turn
My personal opinion, I think we should add turnkeyforex to trusted broker and coinexx to our list. In fact on crypto front I haven’t seen a better broker yet than coinexx. I have just opened an account with them. I will fund the account this week and will share my experience
With the addition of Coinexx to Group 1, we now have (once again) 13 offshore brokers who welcome our business.
And, with the addition of Turnkey Forex to the elite group, we now have 5 brokers who are designated as Trusted Brokers
My sincere thanks go to all of you who have contributed to this effort to find and vet offshore brokers that we can deal with and trust. This thread is the valuable resource that it is, because of your contributions.
Has anyone experienced delays? Personally, I use
crypto-based transfers, but I’m asking for a friend
who uses wire transfers and has noticed a long
delay to his bank.
[EDIT] my friend lives in Hawaii and I understand
they have banned crypto there, which leaves
wire transfers in fiat currency as the only alternative…
I haven´t posted for a while, but thought I might have some information to think about.
Previously I have come through many brokers and a good indication to me about the broker itself was how much they tell about themselves.
I went on the “About us” section at Coinexx where they start with “Who we are?” What got my attention is they start with that question and then they do not answer it. In fact they do not give a single information about the company.
I checked on google the address they have on their website. Google lists a number of companies that are listed under that given address, Coinexx is not on that list (this however does not mean 100% that they are not operating there).
The last concern I have is the server time. Clint stated it is GMT+3. I am not an IT guy so hyperscalper is needed here to give some information on my assumption. I usually see/thought that a server is located where the broker is based. This is important as the address is in Scotland while GMT+3 is a time zone including Russia, Israel and maybe Cyprus in one part of the year. These are exactly those countries where I would need the most confirmation to put my money in Forex as they are for me the countries from where they want to suck out my last pennies. As I said, with this server issue maybe hyper can give us some more info how it works.
, they accept most of the major crypto pairs for deposit, they have accounts denominated in Bitcoins, Litecoins, etherum, bitcoin cash , their chat support tells me that it is possible to have a USD denominated account with them as well AND they dont accept fiat as a method of payment. All deposits and withdrawals are based on cryptos, you can ALSO get withdrawals in any of the major cryptos so both deposits and withdrawals sounds extremely good. Since they only transact in cryptos, we dont have to go through long and cumbersome process of account verification (in a way similar to how evolve guys are). I looked at their spreads and they clearly are a notch better than our best brokers. Obviously 
, and