open discussion is what this forum is about
i believe this what coinexx is doing with there own twist, scroll down to see some examples
Regarding Hugo’s Way, I think that they should be added to the list. Personally, I think that all brokers that accept US clients should be added to the list until they no longer accept US clients and/or prove to be bad brokers. Any brokers that earn their way onto the trusted list should be added to that list until voted off, similarly to what you are already doing. I may not agree with how Hugo’s Way conducts business, but I do not think that that is any reason not to add them.
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I’m not saying that individual traders shouldn’t use their Evolve accounts.
Evolve Markets has publicly stated that they do not accept US clients. We are considering throwing up a billboard that says, oh yes they do!
Plus, it gives this forum more gravitas if we do our best to stick to the rules.
There are other brokers that you can sign up with using VPS despite their TOS. But it’s more of a hack than the broker welcoming US clients.
We are all in the same boat here and I am OK with however the vote goes. I do think listing brokers against their stated policy is a bad move for this forum, though.
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Another broker to consider is b2btc io
Their weakest point is they only offer 3:1 leverage.
Still, spreads are good and they offer a lot of instruments.
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Updates to the List
Not a single protest. CCM will be removed.
No objections voiced. Instead, we have several enthusiastic “yes” votes to designate Coinexx as our fifth Trusted Broker.
Their shiny new badge will be pinned on their listing before tomorrow.
This suggestion was not unanimously approved. But, the majority opinion seems to be to remove Evolve Markets from our List. That will be done shortly.
We can hope that Evolve will develop the defenses (against Nanny State persecution) to once again host U.S. traders. If that happens, I would be delighted to put them back on our List.
A split decision, of sorts. One strong “yes”, one strong “no”, and one “why not until it’s proven they are a fraud”. Not the most enthusiastic endorsement of a prospective new broker!
I will hold off adding Hugosway to our List, at this time. If there is interest in debating the question again at a later date, we can certainly do that.
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Yes, you can use a VPS (Virtual Private Server) or you can use your
non-U.S. Dedicated Server or you can use a VPN (Virtual Private Network)
all of which can provide you with a non-U.S. IP address…
If or when specific KYC (Know Your Client) requirements might
arise, then the broker may (or may not!) object if you upload U.S.
documents… It will all depend upon your broker’s policy and any
business arrangements or understandings you have with them.
Private business arrangements should remain private; a position
which is not shared by Nanny State agents.
hyperscalper
Im about to open my first live account and I’m in-between LMFX and Coinexx does anybody have any recommendations
witch ever broker put your mind at ease
Are you also considering TurnkeyForex.com? Anyway, if you were
to go with Coinexx you’d have only 50% the commissions which would
be important if you are scalping. I’m guessing the account you should
choose with LMFX is the one where pricing spread can be as low as
zero pips; is that the “Zero Account” ? Anyway, that’s what I would
choose.
Do not know what money transfer mechanisms are available at LMFX,
but if you went with Coinexx you’d need to use Crypto as transfer
mechanism.
I don’t know what the Bid/Ask spreads comparison would be, but that
is another important consideration for scalping or price sensitive trading…
Let us know what you pick !
hyperscalper
I went with LMFX
Hey folks. I hope I am posting this question in the right section (If not, please delete mods).
I am looking to use Hugo’s way and have been demo trading with them for a while.
Over the weekend I tried to add funds but was only offered the option of funding the account using Bitcoin.
Is this a standard way to fund an account with an unregulated broker, and can I trust this method? Will the fluctuation in the value of Bitcoin affect my account in any way?
Thanks for any answers, and again, my apologies if this is the wrong thread for this.
1 Like
Your account is presumably denominated in a “fiat” or traditional
currency like USD or EUR, etc… You should aim to “hold” Bitcoin
only for the duration of the money transfer which Hugosway would
then convert to your account currency.
This limits your exposure to the Crypto currency rate against your
"fiat" currency, to the length of time required for the transfer.
This has been discussed many times in the thread
as a reliable method of transfer. It has become far more common
and required as other methods such as Wire Transfer may be
restricted by “the Nanny State”… 
Services such as Coinbase would provide you the exchange
and also a link to your bank account… Just one example.
[EDIT] take care with BitCoin Wallet ID’s and always "cut and paste"
them carefully. Cryptos always transfer from one “wallet” to another
and be very careful if there is an option to return a failed transaction
that you follow instructions which might be required to return funds
to an originating wallet owned by you, in case there is some
transaction failure. Begin with smaller transfer amounts until you
are absolutely sure of the procedures involved. Crypto transfer
fees are fairly low, so you can break up large transfers into smaller
ones with little to no fee penalty…
hyperscalper
3 Likes
Thanks for the reply. I had a look through some of the thread but with over six thousand replies I thought I’d ask.
Cheers 
1 Like
Hello all, long time lurker here.
Am i seeing this right? Avg EURUSD spread at coinexx is 0.02 pips?? That can’t be true can it?
Coinexx website does say their pips are 0.02 but myfxbook says 0.2 pips? So confused!
No, these are the current Bid/Ask spreads on
Coinexx in PIPs. Note that EUR/USD is priced
in 0.00001 increments, but that a “PIP” is considered
to be 0.0001 . In MT4 terminology, 0.00001 would be
called a “Point” or 1/10th PIP
[EDIT] for JPY Pairs, a Point is 0.001 and a PIP is 0.01
You can see below that during this “slow” period, the
minimum observed EUR/USD spread was 0.2 PIPs, but
it can go as low as zero. This would not be an “average”,
however… lol
symbol min , avg , max spread pips
AUDCAD, 1.1 , 1.2 , 1.2 #
AUDCHF, 1.1 , 1.1 , 1.2 #
AUDJPY, 0.5 , 0.6 , 0.7 #
AUDNZD, 1.3 , 1.4 , 1.6 #
AUDUSD, 0.2 , 0.3 , 0.4
CADCHF, 0.5 , 0.7 , 0.9 #
CADJPY, 0.5 , 0.7 , 0.8 #
CHFJPY, 0.7 , 0.8 , 0.8 #
EURAUD, 1.2 , 1.5 , 1.7 ##
EURCAD, 1.1 , 1.2 , 1.4 #
EURCHF, 0.4 , 0.6 , 0.9 #
EURGBP, 0.3 , 0.5 , 0.7
EURJPY, 0.3 , 0.4 , 0.6
EURNZD, 1.8 , 1.9 , 1.9 ##
EURUSD, 0.2 , 0.3 , 0.3
GBPAUD, 2.2 , 2.2 , 2.3 ##
GBPCAD, 1.7 , 1.8 , 1.9 ##
GBPCHF, 1.0 , 1.1 , 1.3 #
GBPJPY, 0.6 , 0.8 , 1.1 #
GBPNZD, 2.1 , 2.6 , 3.0 ###
GBPUSD, 0.3 , 0.5 , 0.8
NZDCAD, 1.0 , 1.1 , 1.2 #
NZDCHF, 0.9 , 1.0 , 1.0 #
NZDJPY, 0.9 , 1.0 , 1.1 #
NZDUSD, 0.4 , 0.5 , 0.6
USDCAD, 0.4 , 0.6 , 0.7 #
USDCHF, 0.2 , 0.4 , 0.6
USDJPY, 0.1 , 0.2 , 0.4
hyperscalper
1 Like
what im curious about though, is there are really only a few brokers who are anonymous acccount oriented correct, coinexx and evolvemarket? So turnkey wants identity documentation, and take americans ?
Ummm… yes. Evolve no longer accepts geo-located U.S. persons.
TurnkeyForex dot com is a very good choice, along with Coinexx.
Both of these offer “fiat currency” denominated accounts.
hyperscalper
Not sure about Turnkey, but you may ask about it. Some brokers do not require you to provide KYC documents if you will be depositing and withdrawing using crypto only.
CRYPTO TAXATION PODCAST
Not wishing to endorse anything at all, and I’m not a Crypto
"investor" myself, but thought this would be helpful as
concerns any Crypto type capitals gains and taxation
issues for those who are “Buy and Hold” Crypto investors.
https://bitcoin.tax/podcasts/5c497307b1d702f06bf045fa/crypto-taxation-tyson-cross-tax-attorney
hyperscalper