Going offshore to escape the CFTC

[SmallPaul]

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

[jack112forexdude]

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.

[HyperScalper]

COINEXX USD MT5 ACCOUNT PERFORMANCE ISSUES

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…

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

[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

[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

[jessoprules]

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.

[MrInvisible]

COINEXX USD MT5 ACCOUNT PERFORMANCE ISSUES

Is this execution latency or strictly ticket confirmation latency?

[MrInvisible]

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…

[JoeSDF]

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.

[SmallPaul]

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

[HyperScalper]

Is this execution latency or strictly ticket confirmation latency?

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

[Cryptosurf]

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

[HyperScalper]

My recent experience with FinPro has not been acceptable.

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

[MrInvisible]

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

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.

[JoeSDF]

My order was entered exactly at 10:01:48.295 EDST and the EURUSD was not moving fast at that time. Do you think 33 std lots is too big for them? If they are truly an ECN then that should not be a problem.

[Clint]

Recently, five brokers have been suggested for vetting and possible addition to our List.

They are:

Hugo’s Way suggested by jessoprules and others
Hugo’s Way Ltd (corporate registration - St. Vincent and the Grenadines, physical location - Seychelles)
website https://hugosway.com

Grand Capital suggested by SmallPaul
Grand Capital Group - Russian broker, parent of:
Grand Capital Ltd (St. Vincent and the Grenadines)
Grand Capital Ltd (Seychelles)
website - https://grandcapital.net

ADSS suggested by HyperScalper
ADS Securities LLC (United Arab Emirates) - parent of:
ADS Securities London Ltd (UK)
ADS Securities Hong Kong Ltd
website - https://www.adss.com

number1capitalmarkets suggested by Biodragon
Number One Capital Markets Ltd - N1CM (Vanuatu)
website - https://www.n1cm.com

NPBFX suggested by HyperScalper
Nefteprombank FOREX - Russian broker, parent of:
NPBFX Ltd (Belize)
website - http://www.npbfx.com
NMarkets Ltd (St. Vincent and the Grenadines)
website - https://www.nmarkets.org/
note this disclaimer on both websites – Regional restrictions: NPBFX Limited does not provide services for Canada, Japan, Australia, the United States, the European Economic Area and Belize residents.

---

---

I’m calling for information and opinions from –

• (1) U.S. residents who have live accounts and live trading experience with any of these brokers, and
• (2) any member of this thread who has researched any of these brokers and can provide data beyond what appears above.

Thanks for your contributions.

[MrInvisible]

My order was entered exactly at 10:01:48.295 EDST and the EURUSD was not moving fast at that time. Do you think 33 std lots is too big for them? If they are truly an ECN then that should not be a problem.

Ok… that is very strange then, I’ve had zero problems with Finpro in the past. I swing some pretty big ticket sizes but they are always spit to 5 different brokers simultaneously. 3.3M would definitely cause slippage but not 5 pips @ 10am unless there was a market moving 10am US news report released causing liquidity to temporarily disappear.

Platform freezes with most brokers also usually happen exclusively around major news release times.

[SmallPaul]

clint don’t add Grand Capital after doing my research i determain they are a SCAM im sorry i recommended them

[Clint]

On page 1 of our List, Coinexx has been moved from the Europe section to the Caribbean / Central America section, reflecting the recent change in Coinexx registration.

@HyperScalper – You’ve talked by phone to the guys at Coinexx. Can you share their U.K. phone number ? (so I can add it to their listing). Thanks.

[HyperScalper]

@HyperScalper – You’ve talked by phone to the guys at Coinexx. Can you share their U.K. phone number ? (so I can add it to their listing). Thanks.

Sorry, did not speak with them literally by phone… Chat and email.
hyperscalper

[HyperScalper]

clint don’t add Grand Capital after doing my research i determain they are a SCAM im sorry i recommended them

GRAND CAPITAL

Hey, not so fast calling them a scam… We have so few brokers,
it’s worth taking a closer look. I chatted with Anastasia in their
support chat, and learned that they are U.S. friendly, and that
their “Standard” account has commish included in spread so
EUR/USD spread shows like 3.0 PIPs… But if you open an ECN Prime
account which requires a minimum of $500 then you get decent
pricing variable spread plus $5 round trip commish… Their MT4
servers are in western Russia.

So U.S. persons would be required to transfer funds through Bitcoin or
Ethereum she said, which I think is fine… On the face of it, although their “Standard” minimum $10
account has poor pricing and commission included in the spread, any
serious trader would use the ECN Prime and get reasonable pricing and
commish…

So who’s gonna sign up and dig deeper ? My impression is that it
would be a decent Forex broker for U.S. persons to use.

hyperscalper

[EDIT]Transcript of our chat:
Me: What MT4 account has your best spread variable pricing plus commission? The Standard account I am looking at 44xxx15 has EUR/USD spread of 3.0 pips, when most brokerages have 0.3 pips spread…
Anastasia M.:
Hello!
Spread is floating , data for past week for different account types can be found here - grandcapital.net/trading/contr… [truncated]
Me: Yes, but if I see 3.0 pips when another brokerage sees 0.3 pips… that is truly terrible…
Anastasia M.: Well , you have the right to choose , you can take no deposit bonus for real account $25 bonus - Grand Capital to test our services
Me: Thank you. That pricing would not work at all for me… The ECN Prime does show more reasonable pricing
What are the conditions to open an ECN Prime account type?
Anastasia M.: Min deposit for ECN Prime is $500
Me: That is a variable spread plus commission? What is the standard commission, please?
Anastasia M.: standard doesn’t have comission
Me: For the Standard, commission is included in the spread.
Anastasia M.: Right
Me: So for the ECN Prime account, what is commish
Anastasia M.: $5
Me: OK, thanks.
Anastasia M.: fixed
Me: Are you able to allow U.S. persons to set up an ECN Prime account with no issues?
Anastasia M.: You’re welcome , feel free to contact when you have questions
US residents can deposit and withdraw with cryptocurrency only
Me: That is perfectly fine with me, personally…
Where are your MT4 trading servers located? I have servers in Amsterdam and Miami, FL
Anastasia M.: I can’t give you information about server location , sorry
Me: OK, I am only asking because I need my servers to be as close as possible to the MT4 servers
Anastasia M.: Ours in East Russia
sorry I ment west
Me: OK, that is fine ! So if I decided to fund a test at $500 via BTC then I could open an ECN Prime account and get good pricing?
Anastasia M.: you need to open ECN prime , then deposit to that account with BTC , then contact support Private Office — Sign in and inform about your deposit ( with txhas )
Me: OK, thanks for the information. Have a good one ! BYE

[jessoprules]

Yes, I use them. Good spreads, high leverage and pleasingly very good and quick customer support too.