i think you should ask coinexx that question
Ive been using them for over a year now without any problems. They are listed on the first page as a trusted broker for a reason. You should apply the same DD with Finpro that you have with FXChoice.
So no issues with withdrawals whatsoever? That seems to be the main theme of any negative reviews I see of them. Granted in the world of forex most lose and write fake reviews…
Haven’t had any issues whatsoever.
However, if and when I start to trade an account size as you had mentioned, I would most likely open up a futures account here in the US.
1 Like
There are no good brokerages in the US and regulation is crap.
COINEXX VERSUS FINPROTRADING or
TURNKEYFOREX
…both during the Asian session right now…
FinProTrading/TurnkeyForex MT4 below:
symbol min , avg , max spread pips
AUDCAD, 1.0 , 1.3 , 2.3 #
AUDCHF, 1.4 , 1.8 , 2.1 ##
AUDJPY, 0.6 , 1.0 , 1.3 #
AUDNZD, 1.2 , 1.7 , 2.6 ##
AUDUSD, 0.4 , 0.9 , 1.8 #
CADCHF, 1.0 , 1.3 , 2.0 #
CADJPY, 1.0 , 1.1 , 1.5 #
CHFJPY, 2.4 , 2.7 , 3.1 ###
EURAUD, 1.9 , 2.2 , 2.7 ##
EURCAD, 1.5 , 1.8 , 2.5 ##
EURCHF, 1.4 , 1.8 , 2.2 ##
EURGBP, 0.6 , 0.9 , 1.3 #
EURJPY, 0.3 , 0.8 , 1.1 #
EURNZD, 2.7 , 3.1 , 3.5 ###
EURUSD, 0.1 , 0.3 , 0.5
GBPAUD, 3.2 , 3.8 , 4.5 ####
GBPCAD, 2.8 , 3.0 , 3.7 ###
GBPCHF, 2.6 , 2.8 , 3.2 ###
GBPJPY, 1.2 , 1.6 , 2.3 ##
GBPNZD, 3.7 , 5.1 , 6.1 #####
GBPUSD, 0.7 , 1.4 , 2.4 #
NZDCAD, 1.7 , 1.9 , 2.6 ##
NZDCHF, 1.6 , 2.0 , 2.1 ##
NZDJPY, 0.9 , 1.0 , 1.3 #
NZDUSD, 0.4 , 1.2 , 1.9 #
USDCAD, 0.1 , 0.3 , 1.0
USDCHF, 0.3 , 0.5 , 0.5
USDJPY, 0.1 , 0.8 , 1.4 #
Coinexx ECN USD MT5 below:
symbol min , avg , max spread pips
AUDCAD, 0.9 , 1.2 , 1.6 #
AUDCHF, 0.9 , 1.3 , 1.8 #
AUDJPY, 0.7 , 1.0 , 1.5 #
AUDNZD, 0.3 , 1.0 , 1.9 #
AUDUSD, 0.5 , 0.8 , 1.0 #
CADCHF, 1.0 , 1.3 , 2.0 #
CADJPY, 0.8 , 1.0 , 1.4 #
CHFJPY, 1.0 , 1.8 , 3.2 ##
EURAUD, 1.1 , 2.0 , 2.7 ##
EURCAD, 1.3 , 1.9 , 2.4 ##
EURCHF, 1.0 , 2.5 , 2.8 ###
EURGBP, 0.6 , 1.0 , 1.1 #
EURJPY, 0.7 , 1.0 , 1.3 #
EURNZD, 0.4 , 1.6 , 3.4 ##
EURUSD, 0.2 , 0.7 , 1.0 #
GBPAUD, 1.8 , 3.0 , 4.0 ###
GBPCAD, 1.5 , 2.5 , 3.4 ###
GBPCHF, 1.6 , 2.3 , 3.2 ##
GBPJPY, 0.2 , 1.1 , 1.9 #
GBPNZD, 1.0 , 2.7 , 5.0 ###
GBPUSD, 0.3 , 0.9 , 1.3 #
NZDCAD, 1.0 , 1.3 , 2.3 #
NZDCHF, 0.8 , 1.0 , 1.5 #
NZDJPY, 0.7 , 1.1 , 1.4 #
NZDUSD, 0.5 , 0.9 , 1.0 #
USDCAD, 0.7 , 0.9 , 1.0 #
USDCHF, 0.6 , 0.9 , 1.1 #
USDJPY, 0.1 , 0.7 , 1.0 #
Hope this helps !
hyperscalper
[EDIT] finally fixed the MT5 issues with NJ4X framework.
Yay !!!
Hi! I’m a newbie here, though I’ve been following this thread off & on this year.
My latest reading of the past month’s posts here has me convinced that the crypto path is the best way to go. I’ve got a finpro account originally funded by PayPal. But that is no longer an option with them.
My question is: How can I go about setting up a crypto wallet? I just tried coinbase and they would not accept my passport as ID for a Level 3 account (required for sending and receiving crypto to 3rd parties).
Looking at finpro’s short list of BTC providers, localbitcoins looks the most convenient and streamlined, though prices do seem a bit high.
As for forex brokers, I’m looking closely at coinexx, for crypto reasons pointed out by posters on this forum, and LQDFX, to trade gold against currencies other than USD.
I am offshore, not just in finance, but physically expatriated as well. My drivers license expired in 2004, so that made coinbase Level 3 impossible for me.
Thanks!
Kraken & Bitstamp are other exchange options for US citizens
If you’re an expat with non US bank accounts you might have a broader range of crypto exchanges available to you that can transfer to/from non US bank accounts.
As for brokers, I’m personally with Coinexx, Turnkeyforex, LQDFX, Trader’s Way & Evolve using primarily crypto transfers.
Thanks for the suggestions! I will look at the two crypto options you mentioned.
My bank accounts are US… none offshore at present. I’m still small-time 
I’ve just signed up for LQDFX & awaiting approval to ensure withdrawals before moving forward. I like XAUCHF, though the spreads are terrible.
Also signed up for coinexx. They seem to dislike bureaucracy as much as I do!
I’ve also added a Dukascopy Demo account, but I don’t know how to find the Bid/Ask size information that HyperScalper mentioned a few weeks ago…?? That seems worth looking at more closely.
@ eclectic_e
From what I remember, Dukascopy’s platform has a level II order book in the lower left pane. I’m not sure if their demo & live feeds are exact, so you might need access to the live feed.
Is this on their JForex platform, or on MT4? Thanks!
deposit money into your coinbase account then open account with coinbase pro, in your coinbase pro account do a deposit and use your coinbase account, now you can buy and sell also send and receive cpyto currency using your coinbase pro account
i love coinexx so much i move some chump change over there, this broker is unbeatable at the moment.
my current brokers are fxchoice, tradersway and now coinexx. maybe in another 6 months are so we could be adding this broker to the trusted list but lets see how it goes.
have you check LQDFX reviews, there getting hammer on forexpeacearmy
I wouldn’t be so trusting of Coinbase. Heard too many horror stories of people’s accounts being closed for no apparent reason. Plus bad experience with them a couple of years ago.
Since then I take the extra step to maintain a personal crypto wallet where I own the private keys, and use other methods for cashing out besides Coinbase.
DUKASCOPY exchange Market Depth.
First of all, Live accounts not available to U.S. persons, but DEMO
accounts (perpetual renewability) available to any Dukascopy
Community member. Their JForex3 platform is quite sophisticated,
but it doesn’t interest me. I use their API …
Anyone who thinks they can trade by “eyeballing” the Market
Depth is wrong, kidding themselves, and probably gone broke trying…
Market Depth analysis must be done statistically, and through
a direct feed into an algorithm which knows how to handle the
information, and present it in a way that is effective for trading
decisions…
I’ve spent more than a decade working on this stuff, and am able
to synthesize Depth of Market Trend (price moves to size)
which is an underlying Price Trend before Price actually moves,
and a Virtual Time and Sales, which enables
sophisticated Order Flow and Risk analysis…
But “don’t try this at home, Kids”, as they say… This is the
stuff you can waste a decade working on… lol
[EDIT] Dukascopy’s MT4 implementation, which just appeared
yesterday, will have no usable Market Depth, even when they
move to MT5 (if ever). Their API (not MT4) provides 10 levels of Market
Depth on both sides of the market (always 10 items) regardless
of how densely or “sparsely” the DOM is populated at that
moment; hence the need for intensive statistical analysis far
beyond what most would be able to do… sorry. If it were
easy, everyone would do it ??? I wonder… lol
[EDIT2] My main work these days is in Currency Trend Analytics,
for Forex. But just last few weeks, the Book Trend and Order
Flow has been able to be factored in, from a Dukascopy feed
source… So I call this “triangulation” of the market, looking
at 1) Currency Strength Trend, 2) Book Bias Trend, and 3)
Order Flow and Risk . all in real time… it’s a lot to integrate
into an automated or manually based trading approach.
[EDIT3] WE NEED ACCESS TO THESE QUALITY OVERSEAS
BROKERS, which is the whole point of this thread @Clint
has been so good at maintaining…
hyperscalper
COINEXX MT5 USD ACCOUNT PRICING
(LIVE at time of this posting)
symbol min , avg , max spread pips
AUDCAD, 0.2 , 0.4 , 0.7
AUDCHF, 0.1 , 0.2 , 0.2
AUDJPY, 0.1 , 0.3 , 0.1
AUDNZD, 0.7 , 0.9 , 1.2 #
AUDUSD, 0.1 , 0.3 , 0.4
CADCHF, 1.0 , 0.7 , 1.0 #
CADJPY, 0.2 , 0.4 , 0.7
CHFJPY, 0.8 , 1.0 , 1.3 #
EURAUD, 0.2 , 0.7 , 1.0 #
EURCAD, 0.1 , 0.6 , 0.9 #
EURCHF, 0.4 , 0.6 , 0.8 #
EURGBP, 0.3 , 0.4 , 0.6
EURJPY, 0.2 , 0.5 , 0.7
EURNZD, 1.3 , 1.7 , 2.0 ##
EURUSD, 0.1 , 0.2 , 0.3
GBPAUD, 0.7 , 1.2 , 1.4 #
GBPCAD, 0.9 , 1.3 , 1.7 #
GBPCHF, 0.9 , 1.3 , 1.6 #
GBPJPY, 0.1 , 0.7 , 1.0 #
GBPNZD, 2.0 , 2.5 , 2.8 ##
GBPUSD, 0.1 , 0.5 , 0.7
NZDCAD, 0.6 , 1.1 , 1.3 #
NZDCHF, 0.5 , 0.7 , 0.8 #
NZDJPY, 0.6 , 0.8 , 0.9 #
NZDUSD, 0.4 , 0.6 , 0.8 #
USDCAD, 0.1 , 0.4 , 0.6
USDCHF, 0.3 , 0.4 , 0.6
USDJPY, 0.1 , 0.2 , 0.3
hyperscalper
ok, i move a lot of money around with these guys for years, i use the coinbase pro / gdax never no problem here
I just tried this procedure, and it didn’t work on the coinbase end, though it does look as though it works on the coinbase pro side of things.
In other words, coinbase pro appears to enable me to send and receive bitcoin, but coinbase does not allow me to send – not even to my coinbase pro account under my same name, login, and email address.
But coinbase did hit me with a round trip set of transfer fees to add funds from my bank account, convert them to BTC, and then convert them back to USD, amounting to about 23% of the amount withdrawn from my bank account. Still not able to withdraw the remaining funds back to my bank account for their hold period, 32 days.
Not too happy with coinbase!