Going offshore to escape the CFTC

Broker Discussion Forex Brokers
5673

BROKERAGES

I’ve pushed a dozen or so live accounts to Coinexx
in USD denomination… Their MT5 terminals have meant
I had to do some stabilization testing with the NJ4X framework,
but looks good now.

My currently active list of brokerages: Coinexx, FinProTrading,
TurnkeyForex. If none of these significantly “goes away” or
"degrades"… then I’ll consider others. Currently, I am not
happy with Coinexx performance, but I can work with it. The
top performers are FinProTrading and TurnkeyForex, as far
as I know…

Personally, I have to stop collecting “trial” brokers, as I ramp up
my trading operation… Just too much work to evaluate them…

Having said that… If anyone has a Live MT4 brokerage and wants
some technical evaluation, on 1) spreads, plus 2) order entry
performance… then you’d need to provide me credentials, and
make sure you change the password when I’m done !!

I’ve just been too busy with Forex Order Flow, Risk and a number
of other feeds from a central server into the BOTs… to pay much
attention.

@Clint
I REALLY APPRECIATE CLINT’S EXPLANATIONS of IOSCO, although
I do not need more depressing news about the unavailability of the
world’s best brokerage for us, as U.S. persons.

hyperscalper

5674

Hey guys, I just noticed this…

3 Likes
5675

interesting! glad they’ve added MT4 :hugs:

just noticed they made few changes to their client area as well. they;ve automated leverage change, internal transfer, password resets

& can see vload listed on the deposit page… seems like coinexx is on fire

1 Like
5676

look like coinexx just took the whole damn cake and they ain’t sharing

1 Like
5677

Seen it. But I am not in the US. I have had no problems with them.

5678

I use Hugosway. Good broker, good customer service too. Always quick to respond.

5679

Ummm… MT4 is what I was missing, moving some eggs to their basket soon. Thanks for the info

5680

i do agree hugosway should be on babypips list

5681

i just put some more eggs in there bakset, coinexx is leading the pack i will be doing s nice size withdrawal around the first week of december i keep you guys posted if any shady business

1 Like
5682

i need to check to make sure hugoways and coinexx have google 2 factor athentication. its a biggie. any other 2fa is liable to get you sim jacked.

5683

COINEXX USD MT5 ACCOUNT PERFORMANCE ISSUES

Coinexx-Performance-Issues-USD-MT5
Coinexx-Performance-Issues-USD-MT5799×534 19.7 KB

I have issues with the slow and variable performance of
Coinexx USD MT5 accounts, and will need to check why
they seem so variable and slow…

[EDIT] anything under 100 or so is an artifact, and should
be disregarded. Most times are in the 500 msecs or higher
range.

[EDIT2] most are Coinexx accounts, but there is an Evolve.Markets
and a FinProTrading account mixed in there…

[EDIT3] Yeah, some pretty serious delays/hangs on executions
in testing here. I hope it’s just “teething problems”… In a multi-account
system, the weakest/slowest account can affect overall reliability
and performance, so I guess I’ll need to code around this slow/hang
issue, which is a good idea anyway… I’ll report if I can get more
insight into Coinexx Live execution issues… Hope it’s just a
“speed bump” and they can get past it…

[EDIT4] Just thinking aloud here, maybe if my accounts can move
back to MT4 then that will largely resolve the execution issues…
Have generally found the MT5 integration to have issues… I’ll
see whether that’s an option for my accounts. Mixing in Forex
trading with all of the other trading instruments is likely the
complexity which is affecting performance; especially as the
equities markets are crashing/correcting yesterday and today…

[EDIT5] OK, abandoning MT5 and opening Coinexx MT4 USD
denominated accounts… Hope this process resolves many/all
of my issues. I’m glad they are offering MT4 as I hope it will
bypass all of the “explosion of instruments” which MT5 represents,
plus the MT5 terminal is a “memory hog” in NJ4X terminal pools…

[EDIT6] Their support is good, and I’m moving the MT5 balances
to MT4 accounts through “internal transfer”. Once that process
is finished, I’m expecting to get reliable performance… :slight_smile:

[EDIT7] OMG !!! The internal transfer is instant ! So the MT4
accounts are instantly ready to go… Starting to love Coinexx again ! :slight_smile:

[EDIT8] WOW !! Order placement times in the 70-80 msecs range,
so Coinexx MT4 a HUGE advantage in Forex, versus really terrible latencies
in the 500 msecs or much higher ranges, for MT5 terminals… So…
IF YOU TRADE FOREX, with Coinexx, do NOT use their MT5
terminal; rather, open the MT4 account type instead… Lesson Learned? LOL :slight_smile:

[EDIT-final]
Some sample timings in milliseconds with MT4 connections Coinexx USD Forex:
C:\Users\brent\HyperScalper\apps\tt1\tt>tail -f ttbeta.log | grep elapse
[20181011-16:07:44.366(GMT)] OrderOp Sell Limit elapsed: 97
[20181011-16:07:47.439(GMT)] OrderOp Cancel All elapsed *: 7
[20181011-16:07:47.506(GMT)] OrderOp Cancel Order elapsed: 66
[20181011-16:07:51.883(GMT)] OrderOp Sell Limit elapsed: 67
[20181011-16:07:55.346(GMT)] OrderOp Cancel All elapsed *: 2
[20181011-16:07:55.484(GMT)] OrderOp Cancel Order elapsed: 138
[20181011-16:08:06.971(GMT)] OrderOp Buy Limit elapsed: 102
[20181011-16:08:09.990(GMT)] OrderOp Cancel All elapsed *: 2
[20181011-16:08:10.054(GMT)] OrderOp Cancel Order elapsed: 64

Almost seems like FinProTrading or TurnkeyForex timings… Hmmmm

hyperscalper

5684

I have a few friends who use them too. All pretty happy.
Where is this babypips list please? I have not seen it I don’t think.

5685

Is this execution latency or strictly ticket confirmation latency?

5686

Coinexx MT4 is now being promoted on their website and officially live… I made the switch over and I’m currently up and running MT4 live… :grinning:

1 Like
5687

My recent experience with FinPro has not been acceptable. The MT4 loses connection many times an hour and the screen freezes frequently. This morning on EURUSD I placed a Sell Stop at 1.15605 for 33 std lots and got filled at 1.15555 for a 5.0-pip slippage on a Sell Stop! This is unacceptable. Yesterday my MT4 Terminal Profit showed a >$2k usd profit and when I closed the order it was closed for a $271.84 LOSS! In checking this company out it appears that a Mr. Gurbir Singh owns; FinPro FX Limited, FinPro (UK) Ltd, TurnkeyFX (UK) Ltd. and FinPro Trading UK Ltd was dissolved 9/25/2018. Their initial customer service response is outstanding but I have (3) open Support Tickets that remain unresolved. Their website is out of date and has many errors. I was told that they have a server in the US but they do not. I’m still looking for a good offshore broker. I’ll edit this post with how my withdrawal goes.

5688

use the sliding green bar on the left side of your screen, slide all the way up and you will see a list of brokers that accept u.s. traders

5689

I use the NJ4X API runtime platform, driven by custom Java
code. NJ4X Terminal Manager creates “pools” of separate
processes running MT4 and MT5 terminal.exe copies. This
allows for parallel processing, due to multiple MT instances logged
into the same trading account, as well as accessing multiple
trading account sessions…

MetaTrader is a “synchronous platform” so an order operation has to
complete before it can execute the next order operation…

So, using NJ4X and multi-threading, we allocate serial requests
to the “next available” synchronous MT process while other
MT terminal processes are busy executing their operations.

This means that with 4 terminals in the pool, then we can close
4 positions in the same time it would take to close just 1 position,
since the 4 terminals all work concurrently, in parallel, but each
is synchronous, so you must wait, for the operation to complete.

I just measure the time from starting an order operation, until
I get the synchronous confirmation that it’s completed… elapsed time.

So, in answer to your question, if it’s a Market Order, then there
isn’t confirmation until the order execution is fully completed, which
includes message transit time, queue time, aggregation time,
execution time, and confirmation, etc…

[EDIT] I just realized that if you use MetaTrader, and maybe you
write EA’s ( “Expert Advisors” ) then you are accustomed to the
idea that the EA’s order operations are synchronous. The NJ4X
platform “maps” ALL of MQL operations into Java and C# operations
which the high level control code uses. So the MetaTrader terminals
do have EA’s inside of them, but they are not written by me; rather,
these EA’s are part of NJ4X runtime platform, which perform the
API mapping from the high level operations into the MQL
operations inside the terminal platform (running as a server process).
So my “EA” trading logic is written entirely in Java, using NJ4X API mappings.

hyperscalper

5690

Hugosway has really peaked my interest lately. Anyone here using them and have anything to say?

5691

This is really bad news… I have not been focussing intensively on
FinProTrading, but have had no issues with the trading. I’ve just
had more focus on Coinexx right now and MT5 terminal mess, which
just got cleared up today.

I’d suggest you move to TurnkeyForex.com which will perhaps
give you the support you want, and will give you great technical
performance, at least in Forex which is my only interest…

hyperscalper

5692

Was this around 11:55 am today? If so, it was a fast market around that time and you tried to trade 3.3M in single ticket.