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.
clint don’t add Grand Capital after doing my research i determain they are a SCAM im sorry i recommended them
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.
Sorry, did not speak with them literally by phone… Chat and email.
hyperscalper
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
Yes, I use them. Good spreads, high leverage and pleasingly very good and quick customer support too.
after doing my due diligence i stand by my words GRAND CAPITAL is a SCAM broker. i would advise everyone to stay clear of them. that’s just my point of view.
What was the major concern you discovered about Grand Capital?
hyperscalper
we all have our way of doing our research on a broker you might start with forexpeacearmy but can’t let that cloud your judgement on a broker so you dig deeper and get a general consensus of what the public is saying and base on what i hearing and seeing i will never put money with that broker, but don’t let my view cloud your judgement do your due diligence and come to your own conclusion.
Many times in recent years, we have discussed in this thread the ways and means by which the CFTC has systematically attacked one offshore broker after another for: (1) maintaining an “unregistered” presence in the U.S., and/or (2) “soliciting” U.S. residents, primarily through English-language websites in the .com domain.
As offshore brokers took defensive measures to escape these attacks, the CFTC (in concert with certain other U.S. financial regulators), began to attack those brokers and their clients, by attacking the money-transfer pipelines between the U.S. and offshore, mainly –
payment-processors handling bank wires, as well as the banks that initiated those wire transfers, and
major credit card processors and issuers, primarily MasterCard and Visa
The last phase in the campaign to sever the credit card connection between U.S. clients and their offshore brokers is now nearly complete.
Here is the latest update on MasterCard and Visa from Finance Magnates.
This is your Nanny State in action –
most brokers go thru a 3rd processor like Vload and Epayment. so not a big deal they just can’t take card payment directly from there traders
i do give grand capital credit for being part of The Financial Commission, you can read about them here:
Is the Pope Catholic ?
hyperscalper
hey clint i think you should put a link to a review site next to the brokers website so people can see the reviews on these brokers,
It concerns me that review sites are heavily biased toward negative
information. I thought we were doing our own reviews?..
[EDIT] Do we really want “the rest of the world” i.e. non-U.S. persons
giving us reviews on brokers when they have every choice possible?
…and we have virtually nothing? That imbalance is why this
thread exists…
hyperscalper
We don’t really need a third party review because it’s not exactly relevant to this thread (at least not always)
Here in this very thread there is enough information on Group 1 brokers in post #2 and I believe Clint had anticipated such requests and made a post for it in the very beginning.
it concern me some of those brokers on our list are trash and or scam brokers shouldn’t be on the list, if broker wanna stay on point they do right by there costumers, i think forexpeacearmy does a good job giving us an idea what a broker is about.
Forex peace army is known for black mailing brokers by putting negative reviews and not letting positive reviews get posted on their site (at least if they feel they can sell the broker some add space). Do a google on FPA and you will know how “trash” their website is. They sell their website on fear because it’s easy to tell people what all can go wrong even if it never goes wrong.
i think we can up our standards by not putting any and every broker who accept u.s. traders on the list or maybe we can start deleting brokers as more negative reviews comes out