Going offshore to escape the CFTC

That is always a risk with these newbie brokers. I could never rely on them. Rather go for brokers with a long history and standing in the market. Like Traders’Way, FX Choice and Coinexx. My personal fav has been Coinexx

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I just talked to Coinexx… They seem to have the best margins… Also let you do Money wire USD deposit AND withdraw… Sounds to good to be true…

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ok i just withdrew all my funds from cryptorocket, no problem there, they was pretty good to me but no need to trade with them if they no longer accept u.s. traders

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This is true. I have been using Coinexx for a while now, have had no issues with them. Customer service is also great. I would highly recommend them.

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They also insist that the bank has none of my personal info… Not sure if thats true or not… but they by far have the least hassle deposit/withdraw… FXChoice is an act of congress to move money around… unless you are only dealing with 500 dollars etc… Cant see how any serious trader could work with those restrictions. Thanks for the thoughts on Coinexx… Im impressed so far too.
Ill start small with them.

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Thanks for the (bad) news, Sara.

And welcome to this thread, by the way!

I will post a NOTICE on our CryptoRocket listing on page 1, regarding your news.

And then, in a few days, I will remove CryptoRocket from Group 1.

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Friend of mine just opened a new account (from USA IP) today with crypto rocket and funded it too. No problem with crypto rocket from what my friend is saying. Talked with them on the phone. They called him to see if he needed anything. Crypto Rocket called me last year when I opened a account with crypto rocket too.

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yeah i just open an account with them using my friend computer from an U.S. ip address everything went smooth, and yes i do have a live account with them already but just wanted to confirm what you said.

EDIT: they do confirm on live chat they no longer accept U.S. residents so they should be remove from our list

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Email to CryptoRocket support —



CryptoRocket has replied that “a ticket has been created”.

Waiting for further info.

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Just told me in a chat that they (CryptoRocket ) DOES NOT accept USA clients anymore…

Said that existing clients can stay and continue to trade… They were resistant to tell me that for some reason

Reply from CryptoRocket support —

I received this reply a little over an hour ago.


CryptoRocket reply - 1
CryptoRocket reply - 2

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In large part because of this thread, I’m sure. I am no expert, so I wonder how likely it would be that US traders would actually be welcomed back at a later time.

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Dang, they sounded great… So sad to hear.

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CryptoRocket :+1: :+1: :+1: wish you guys the best

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sound like their growth came from non U.S. traders and they no longer need the U.S. market

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We could likely speculate, either way.

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if their growth came from the U.S. market why stop serving that market, doesn’t make business sense

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Hi Clint,
Thank you for reaching out to Crypto Rocket and obtaining such a full reply. Love this forum!

I have done a bit of work around compliance of multinational corporations with different governments in the energy, insurance, transportation and legal sectors. In all cases, it has not been a choice of the private companies to actively discourage new members from any country. It is much more likely that, because the US government controls all other countries via exchange of almost everything worth having via the USD, they basically dictate what others must do by making it very awkward for those large corporations (like banks, oil companies, insurance companies, global freight companies) to do business with their own citizens unless it is via their own systems of surveillance. Years ago I worked with American engineers overseas and they were the only nationals (apart from Philippines who adopted US law) to be taxed by their government whilst working wholly abroad. Of course, Crypto Rocket cannot say that in public because it is offensive to Americans. They have a right to vote for a government who would not control them so much, but the last time I looked, neither reds nor blues have any intention of making that happen - in fact, just the opposite.

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I am probably not the best person to speak on the matter, but if we assume that US traders bring with them large trading volume, allowing CR to generate substantial revenue, then it would make sense that they would initially allow such things in order to accumulate enough capital to carry out their goal of becoming ‘appropriately regulated’.

Once the numbers make sense, there would no longer be a need to take on new traders from the US, especially if accommodating said traders could deter them in their goal of achieving less freedom.

This is all assuming that their reasoning is honest, as they could very well be blocking US traders to avoid unwanted attention as they continue to grow, with the goal of achieving more freedom.

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