Hi
Do you know what FXCHoice is using because everytime the news comes out their servers freeze for few seconds sometimes minutes. It happends everytime, their spreads never widen but the freezes are annoying, it messes up my EA.
I never have seen broker doing this before.
Marcin
Hi,
(not an advertisement)
I have a Miami-based dedicated Linux server 8 processor threads,
16 gigs ram and pay $125/month. This does include an onsite
cumulative backup provided by ServerPronto.com so that I can get
back up within an hour or so in case of catastrophic loss.
This server is 110 millisecond ping times to Amsterdam, where the
backends for Tradersway and FinProTrading are located. One goal
is to get as close as possible, and this is the solution for us.
So I found an exceptional deal on a VPS for between $22 and $32
monthly. The $32 variant is Windows Server 2008 R2 Standard, with
4 Xeon Cores (pinned through KVM fixed assignment) running with
8 gigs ram. Because of the âpinningâ of these cores on the VPS itâs
somewhere between a âcheap VPSâ and a dedicated system, in the
sense that those CPU cores are dedicated.
The provider is Cheap Offshore Vps Hosting 1Gbps Linux and Windows
MetaTrader 4 journal reports less than 1 millisecond latency to the
servers weâre using ! Our software runs a âpoolâ of these terminals,
so weâre able to capture more market data, as well as turn around
Orders much faster, important for scalpers.
So Iâm saying that this is incredibly good performance and stability for
$32/month. They also offer 3 Cores, 6 gigs ram for $22/month, which
is an incredibly good deal. Interactive connection via Windows
RDP. (Yes, in many ways, I prefer Linux, but I was looking for a
straightforward solution for my clients, and that means Windows.)
This is good ticket-based support, and they are very responsive. The only
DOWNSIDE here is that they do not offer any file backup support, which is
not so much of a problem for us, but if you have a database intensive
application, then youâd need to have a solid BACKUP plan to implement
yourself, in a fully self-managed fashion.
hyperscalper
Just to give an update on my previous posts (I waited a while as I wanted to have full confidence in the broker).
Iâve traded with LQDFX with a larger account for the last two months and noted:
-I can only deposit via Wire Transfer (and they need a passport) which isnât an issue at all for me but may pose an issue with others.
-Withdrawals are processed within 24 hours. I usually receive the funds following business day after my withdrawal is processed by them.
-Spreads are incredibly tight compared to most brokers I know.
-Execution is fantastic for me (I must admit I donât trade at news times, so wouldnât know too much about that)
-Their live chat is excellent for any queries I may have
-I also tested a PAMM account with them that is working great
All in all Iâm very pleased with them and they have surpassed my expectations. Keep up the good work lqdfx!
Thanks for the update, Lewis.
I will add a link to your post #3920 in the [B]LQDFX[/B] listing in post #7.
â˘
We need this sort of feedback on [I]all[/I] of our listed brokers, from thread members [I]who trade live with them.[/I]
To start off the new year, Iâm asking for [I]current, updated reviews[/I] of any, or all, of our Group 1 brokers, from actual clients who trade live accounts with them.
Only by continually reviewing each brokerâs performance can we be confident about keeping them on our List â or considering them for [I]Trusted Broker[/I] status.
Speaking of Trusted Broker status â
⢠A number of comments and reviews â all positive â of [B]Finpro Trading[/B] (UK) have been posted over the past 10 months. Letâs have a discussion on whether to designate Finpro Trading as a Trusted Broker.
⢠Also, in May 2016, we tabled the question of designating [B]LMFX[/B] (Macedonia) as a Trusted Broker. Iâd like to re-open that question, and hear current opinions on LMFX.
Our List is comprised of 12 brokers, all of them [I]good,[/I] with two of them designated as [I]Trusted Brokers.[/I]
I think we can find a few more good brokers for our List â and I think there are several already on our List that should be considered for Trusted Broker status.
Our thread has been loafing along, sort of fat and happy, for several months.
Itâs time to kick it up a notch.
Your thoughts on all of this?
.
I have been trading with [B]Traders Way[/B] for the past year now and have absolutely no complaints. Withdraws are done quickly and any questions and/or concerns I have had (which have been few and minor) are always handled promptly by customer service. I sure hope they donât go away or change anytime soon!
Thanks, J
[B]Traderâs Way[/B] (Dominica) has definitely established a top-notch reputation on this thread.
At the next update of the List, I will add a link to your post in the Traderâs Way listing in post #7.
.
FinProTrading (aka TurnkeyFX) gets a high rating from me as it
seems to have a more âdirectâ connection to its liquidity providers
with a really âaggressiveâ tick feed. FinProTrading FX feeds deliver
3x-5x the tick rates of Tradersway, for example. On the other hand,
although average spreads are comparable, sometimes FinPro has
wider spreads than Tradersway, and is more âexpressiveâ of
Market participantsâ moods. Often youâll see a huge difference
between the activity of the BID line, versus the ASK line in the
MT4 tick chart. I think itâs actually possible to determine Market
direction short term, based upon what can be seen. (speculation)
I use both Tradersway and FinProTrading, and have never had any
problems with either one. However, Iâve used very small sizes since
weâre still in the final testing phases of software; and look forward
to using much larger multi-position lot sizes. Just the past couple
of weeks, we leased a 4-core/8gb Xeon based KVM VPS $32/month and are
seeing <1 millisecond from both these brokersâ servers.
Very occasionally weâll get âoff quotesâ rejections from FinProTrading,
since its pricing is so much faster. So we have a retry loop, when
that happens, which is rare.
Our software simultaneously manages multi-positions across all
28 of the dominant pairs, and FinProTrading will really push the software
to keep up. We use the NJ4X.com framework, with a BulkTickListener
and often struggle to keep up with all 28 pairs at FinProTrading. With
Tradersway, itâs a much more manageable price tick stream.
Executions are as fast and reliable as youâre going to get with this type of brokerage
geared toward the low to medium retail space, cost-effective, and friendly
to U.S. participants.
hyperscalper
Hyperscalper, thanks for these comments, and for your frequent participation in this thread.
Your live trading experience with [B]Traderâs Way[/B] and [B]Finpro Trading[/B] has encouraged several other participants in this thread to choose one (or both) of these brokers for their own offshore trading.
But, as most traders here are aware, the intense sort of trading which you do, and the heavy traffic you generate for your broker(s), [I]happens on a whole different level[/I] from the type of trading most of our thread participants are doing. And I would venture to say that many of them donât even understand the technical issues you have discussed in your posts.
Nevertheless, there seems to be a consensus here on this thread that: [I]If these two brokers are highly rated by Hyperscalper, then they should be good choices for the rest of us, as well.[/I]
Now, Iâd like to hear some comments from other thread participants who trade live accounts with (1) these brokers, (2) with any other broker in Group 1 of our List, or (3) with [I]any other offshore broker anywhere[/I] who accepts U.S. clients.
Traderâs Way has already earned our highest rating â Trusted Broker.
If other clients of Finpro Trading share Hyperscalperâs opinion of their overall performance and reliability, then we should definitely consider Finpro Trading for the Trusted Broker designation.
And there are other worthy candidates for that designation. [B]LMFX[/B] is waiting for our decision, to mention just one.
Lastly, a month ago, I asked for opinions on keeping [B]Real Trade[/B] (BVI) on our List.
I posted this request:
There have been no responses to this request, so Iâm asking again:
Should we keep them, or boot them?
.
Hi,
For MetaTrader 4 standard Brokerage accounts, which
should be designated as STP or ECN type (professional
quality) accounts⌠I volunteer on a limited basisâŚ
Because my software is layered on the NJ4X.com framework,
(no advertisement, but highly recommended) I can connect
to any standard MT4 brokerage easily.
If someone wants to give me (temporary) login credentials for an EMPTY
or very small Equity Live MT4 STP/ECN account, I will gladly do a good
faith basic evaluation of the Quality of the data feed for Forex only with
that Broker, and post results.
This mainly would include Bid/Ask Spread Analysis and typical
Tick rates per symbol.
Things like Order Processing times would need to be by special
arrangement, since that might involve a limited amount of
equity money. Order Placement and cancellation times could be
evaluated without execution of any orders⌠so no money would
be spent.
YOU WOULD CHANGE PASSWORDS WHEN MY TESTS ARE FINISHED.
I WILL NOT TEST ANY DEMO ACCOUNTS. âŚnor would I take
responsibility for any SNAFUâs 
Just trying to lend a
hand on a limited basisâŚ
hyperscalper
Hi MarcinFX,
Could you please go into more detail and provide concrete examples of these âfreezesâ you talk about. You say they especially happen around news events?
We can assure you that we DO NOT intentionally freeze our servers for any reasons at all. If we did, our clients would, en masse, run for the hills as the old saying goes. Your comment is a little difficult for us to fathom.
Again, we would be greatly appreciative if you could substantiate your claims with evidence. Also your account number would be handy so we can investigate properly at our end.
FX Choice
Hi
This happens on FX Choice demo and live accounts and also on my friendâs account. You can just run a demo account and watch MT4 when the market has a lot of activity such as after news. The charts on the FX Choice MetaTrader application will all freeze for 5 - 30 seconds at various times when the market is very busy. Other brokers I am using with MT4 do not have this, just wider spreads. Then I found a site that mentions FX Choice implements 5 pip freeze (see this here listed as a Con for FX Choice: https://www.forexbrokerz.com/brokers/fxchoice) so it sounds like FX Choice freezes when the pip spread is > 5. Other brokers are not doing this. This is a problem with EA because EAs run on each tick of the market. If FX Choice is freezing at times of high activity, the EA canât do anything while on other brokers the EA can determine not to trade or make decisions when the spread widens.
If you want, my friend can create a youtube video showing how FX Choice markets freeze during high activity compared to other brokers. Itâs not a specific account problem. You can even replicate this by using a demo FX Choice MT4 ECN account. I also emailed Stephen Mater this concern, but did not receive a response.
Lastly, a month ago, I asked for opinions on keeping Real Trade (BVI) on our List.
I posted this request:
There have been no responses to this request, so Iâm asking again:
Should we keep them, or boot them?
.[/QUOTE]
Hi,
I have been trading with RealTrade (realtrader.org) on and off for the last 5 years.
Very efficient: fast communication via email, fast deposit/withdrawal via Paypal, I never
had an issue with them.
Very happy with them.
nitya1us
Update: After lengthy communication with Renesource support (who are excellent) I have been unable to open an account. Latvian regulations require US residents with US citizenship to have their passports âapostilledâ (I needed to look it up). I believe this can be done by a notary.
However, I am not a US citizen, and my country of citizenship is not a party to the Apostille Convention. As such, I would need to take my passport to the Latvian embassy or consulate to have it approved. The embassy is in DC and the distributed consulates are just âhonorary consulatesâ i.e. individuals who are apparently unwilling or unable to approve the document (they havenât responded to my messages).
All in all, the company seems completely legitimate, and eager to follow their countryâs regulations. If youâre considering opening an account, know that thereâs a significant amount of legwork required.
Great news, hopefully this will lead to an entire repeal of the awful disaster Dodd-Frank!
I canât post a link, but google this and it will come up, itâs all over the news everywhere:
washington post trump executive order wall street
Well that may be true, but Dodd-Frank still needs to be repealed. Hopefully with the new Presidential administration small investors will be encouraged and appreciated once again and this will include retail forex trading in the United States. Maybe Trump will abolish the CFTC!
Maybe some FATCA too, while youâre at it, Mr Trump?
A little de-SarbOxâing? LOL :35:
I so Look Forward to THE scrapping of CFTC and Dodd-frank. Finally some positivism around all the Trump has done so far. Not to forget trump also owns a casino in atlantic city, NJ, that has gone bankrupt âTrump Plazaâ. Hopefully he isnt planing to start a B-Book forex brokerage himself 
. Jokes aside, I do believe that this can bring in some loong required changes.
Since Iâm here and not just lurking let me put in a good word for Traderâs Way. I have been trading with them for several years and have never had any problems. Again my hope and prayer now is that we will have freedom in the USA again to choose domestic forex brokers that can be competitive in the marketplace as was once the case.
I think itâs pretty likely that the Trump administration will repeal [I]certain portions[/I] of the Dodd-Frank law (assuming they have the cooperation of Congress).
Repeal of the entire law may be a bit of a reach. But, one can hope.
Obviously, I am putting words into the mouth of Morpheus, the rebel leader in the film [I]The Matrix.[/I]
If someone challenged me to prove that my statement is true, I would not be able to do it.
The best I could do would be to provide anecdotal evidence of the CFTCâs systematic attacks on U.S. retail (off-exchange, over-the-counter) spot forex trading.
But, I believe my statement is true, and I stand by it.
Even the [I]total[/I] repeal of Dodd-Frank would not undue the damage done to retail forex by the CFTC over the past 7 years. Here is a SUMMARY of the CFTCâs regulation of spot forex which I posted in 2012.
The CFTC itself will not, and should not, be abolished, in my opinion. The CFTCâs regulation of [I]commodity futures[/I] has been instrumental in making those markets safe, reliable and world-dominating.
But, the CFTC ran amok, in my view, when they started chopping away at [I]off-exchange[/I] spot forex, apparently in an attempt to force it to conform to an [I]exchange-traded-futures-type[/I] configuration.
The CFTCâs authority to regulate spot forex needs to be radically redefined. I canât even guess when that might become possible.
But, until Trump won the election, I couldnât see even partial repeal of Dodd-Frank on the horizon, and yet here it is. So, this is no time to think small.
FATCA is another can of worms, altogether. And I havenât heard a peep about gutting or repealing it. But, thereâs only so much a new president can do in his first 2 weeks!
After Trump takes an ax to Dodd-Frank, we can lobby for the same action against FATCA.
Who knows? â We might just be successful.
That will depend on radically redefining the authority of the CFTC regarding spot forex regulation, as I referred to above.
â˘
Thanks to all of you for your comments on this topic. I hope you will keep them coming!
.