Yeah they intrigued me a bit, so would be curious to get some further info/stats on them.
well coinexx now saying they can try to recover your crypto if it’s 5k or more anything less is not worth it, so i don’t know
Leaving his account in crypto while he was on vacation? Okay…
Also, if Coinexx said they sent him an email about the transfer it sounds like his account was hacked. He probably ignorantly responded to a phishing email.
NEVER, EVER, EVER, EVER log into your account from an email.
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I have never had even a hiccup from Coinbase. Of course I verified everything they asked From The Start as I was transferring a rather large sum to them via bank wire.
I think asking for your fund transfers to be safe while avoiding uploading your picture is a little much when you’re accessing your account via VPN. Coinbase is inundated with hackers/scammers on a daily basis and if you appear to them as a high risk individual (U.S. person using a VPN to access a U.S. account), don’t expect for things to go smoothly. Just my opinion on the issue.
LAF
Unless the transfer was made using GUSD or some other centralized currency, then the transfer cannot be reversed without the recipient actually sending it back. If Coinexx or any other broker is claiming to be able to recover funds for decentralized crypto transfers, then they are doing so out-of-pocket.
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PRELIMINARY LQDFX SPREAD TEST RESULT
courtesy of Cryptosurf we have a couple of 10 minute period
scans of Bid/Ask spreads and some latency info.
This is an MT4 ECN account at LQDFX.
From Amsterdam, latencies are 160-180 ms according to
MT4 Journal ping latencies. From U.S. MDT Idaho location
also seeing roughly the same range. This indicates that
their servers are located in New York most likely, and that
colocation in that area is likely the best for LQDFX.
Spreads, with 2 samples indicate that apparently, for some
of the symbols, they may be blocking the minimum spread
to 1.0 … you be the judge.
In general, the spreads are acceptable for scalp type trading.
No Order latency tests have yet been done.
[EDIT] here is preliminary latency for placement of pending
and cancellations, and for a couple of 0.01 LOT Market
fills and closures. A bit slow on the Market Order operations (msecs)…
[EDIT2] sorry, those were for the EUR/USD Currency Pair…
[20190417-18:45:00.151(GMT)] OrderOp Buy Limit elapsed: 152
[20190417-18:45:03.161(GMT)] OrderOp Cancel Order elapsed: 170
[20190417-18:45:16.931(GMT)] OrderOp Sell Limit elapsed: 187
[20190417-18:45:20.711(GMT)] OrderOp Cancel Order elapsed: 118
[20190417-18:45:48.011(GMT)] OrderOp Sell Limit elapsed: 314
[20190417-18:45:53.081(GMT)] OrderOp Buy Limit elapsed: 159
[20190417-18:45:55.651(GMT)] OrderOp Cancel Order elapsed: 101
[20190417-18:45:55.681(GMT)] OrderOp Cancel Order elapsed: 132
[20190417-18:47:04.311(GMT)] Buy Market OrderOp elapsed: 2648
[20190417-18:47:11.091(GMT)] OrderOp Close Position elapsed: 2688
[20190417-18:47:19.041(GMT)] Sell Market OrderOp elapsed: 2658
[20190417-18:47:27.041(GMT)] OrderOp Close Position elapsed: 2651
[EDIT3] Here are the transactions and we also see commissions are a bit
higher than some others…
Big Thanks to Cryptosurf for this access ! 
[EDIT] a half hour into the rollover hour, we see a wide range
of spreads, some tradable and others not. This is fairly normal
behaviour, though, across brokers during the rollover hour.
hyperscalper
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ok tell me if this is wrong i just got some info, depends on where you send your crypto from there is an ID number or transaction number attach that the sender or the receiver does not sees so lets say you send your bitcoin to litecoin address and tell your broker your broker ask for this ID number and tried to track the funds down as to where they went and might be able to recover them.
either way coinexx say they will respond
ok i just check my coinbase pro account deposit and withdrawal there is a
Transaction ID: and a Transaction Hash clicking on Transaction Hash tells you the detail of the transaction, im intrested in this subject although i never had any problem moving my coins i would hate to lose 10k or more on a transaction from a mistake on my end what im hearing from you guys moving coins must be mistake free and there is no recovery.
i understabd no recovery from desktop wallets and hard drive wallets
Yeah I noticed the commissions are a bit higher. This account is what they call the "ECN"
The “GOLD” account has no commissions but wider spreads.
All transactions can be tracked and can be found on a blockchain. Depending on which cryptocurrency you are using, you can use the associated blockchain explorer to search for every transaction. You can search using a wallet address, hash, transaction ID etc…
So, if someone sends ETH from a brokerage account to an ETH address, you can find that transaction by searching for the wallet address that the funds were sent to via an Ethereum blockchain explorer. You can see a time-stamp and the amount of ETH that was sent, among other things.
Due to the nature of how the blockchain works, most cryptocurrencies are set up in a way that makes reversing transfers impossible. Think of it like an email. You can send an email, but once it’s sent, there’s nothing you can do to reverse it because there is no control over it once it leaves your computer. Likewise, you cannot force someone to send an email back to you and if you send the email to the wrong address, it may be lost forever.
Most cryptocurrencies are decentralized and autonomous and are not controlled by a single entity, so there is no, one source that can just stop or reverse the transfer. GUSD, on the other hand, is controlled and has been set up to be regulated, which goes against the very idea of what cryptocurrency was created for.
I will add to the point regarding the fellow that left his crypto sitting. It is never a good idea to leave your crypto sitting on an exchange or in your brokerage account. Always take precautions and be prepared for the worst. Always use a very strong username and password, and never use the same information for multiple accounts. I like to use a random password generator, e.g.:
https://passwordsgenerator.net/
If you keep a document containing your various login credentials, make sure to encrypt it by archiving it inside of a zip file or similar, and password-protect it using something strong, that you will not forget, but that does not contain personal information such as SS#, address, DOB etc… In fact, the website above contains a long list of tips that you can use to protect your data.
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Those commissions are not intolerable; and it is often the case
that they may be negotiable in the same way that leverages are
often negotiable.
Anyway, not looking further into it, seems like a fairly decent broker
from a technical perspective. The artificial limits on the minimum or
low end for spread are not necessarily a big deal, especially if you
use Limit orders to make your entries. I didn’t test whether limits could
be set inside the spread… let me check! …pauses…
Yeah, I couldn’t use this broker because positioning a limit order 0.7 PIPs
inside the spread seems to be rejected. Not sure what the limitations are
on placement of Limit orders with LQDFX but I don’t want my orders
to be converted into a different order type and/or rejected…
[EDIT] a BUY limit positioned 0.7 PIPs under the ASK price seems to
have been rejected for pricing constraints, an error rejection stack trace:
[EDIT] modified image to hide account number
Such pricing constraints do not exist on Coinexx or Turnkey, and others.
I can place a BUY limit 0.1 PIPs under the ASK on those exchanges, and
there is no rejection…
[EDIT] By trial and error it looks like 2.0 PIPs is the closest you can
place a Buy to the ASK price, or a Sell to the BID price…
hyperscalper
2 Likes
Thanks for your insight, was very helpful indeed.
If you’re talking to me, I’ll just post the Rollover Spreads in
a short time, and
then we’ll end our little test, which was very revealing for me!
I may have to code in considerations of “nearness” to the market
for limit orders, which I don’t check at this time…
Thanks again Cryptosurf-er !!!
hyperscalper
no room for errors i see
here is the answer i got from lqdfx the key word here is process so no recovery if broker process your withdrawal
Info: Thank you for choosing to chat with us. An agent will be with you shortly.
Info: You are now chatting with George.
George: Hello, you’re chatting with George. How may I help you?
SmallPual: quick question, if i do a bitcoin withdrawal and gave the wrong address is it possible to recover those bitcoins
George: If you provide the wrong address and the funds have been processed than it can not be reversed. However if you request for a withdrawal and realise you have provided the wrong address and the funds haven’t been processed than the funds can be cancelled by sending an email.
SmallPual: ok thank you
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what i do like about coinexx withdrawal process is they ask you if you want them to save the crypto address so i been using the same crypto address for my withdrawals so no problem there other brokers don’t save your address so one hiccup can cost me some serious money
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Yes, since withdrawals are processed manually, the transfer does not occur until they initiate it, so it can be stopped prior to that point.
Saving the address is good. Even better if brokers are able to offer traders the ability to lock in the withdrawal address so that it cannot be changed without providing authentication.
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I had a Shift card and didn’t use it much. The card was connected to my BTC balance, but I never carried a balance because of BTC volatility. My current workaround is to connect Coinbase to Paypal, with a Paypal debit mastercard. I’ve been using it for a while now and it’s been flawless. The debit card also pays 1% cash back.
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don’t know how lmfx became a trusted broker over lqdfx i must say doing my research on this broker and trading with lqdfx this broker is serious about their business i found me another solid broker to park some money