Markets not open yet.
Thank you. I thought that was the case. But my other accounts on other brokers were not grayed out. Thanks
FXChoice takes them offline during the weekend. I had the same question posed to them when i signed up and that is what they told me.
FINPROTRADING EXECUTION LATENCY ISSUES
OK, I compared 2 apparently identical FinProTrading Live ECN accounts,
and one of them executes in the 500 msec range, while the other one
executes in the sub 100 msec range. I wrote them a note asking them
to figure out why, and fix that one !!
hyperscalper
Definitely good to know… Thanks !
hyperscalper
I would suggest broker like Finpro is good for scalper or someone who trading daily (closed position before 5pm NY time).
If you are a long term trader who hold position days to weeks, i would suggest FXChoice
Finpro commission is low but their swap is extremely high
FXChoice commission is a little high but their swap is low or normal
hi guys, i posted another thread in this broker forum that relates to offshore brokers for us traders… if some of you could look at it and help me out i would appreciate it.
Hello All,
First of all I am very impressed with how this thread is maintained and keeps inducing a lot of knowledge to the newbiews. I am following it from quite some time but have not posted here till now. So I had a question related to recent bash in bitcoin prices. Just wondering what was JP Morgan thinking when it’s CEO gave the negative statement for bitcoins and called it to be a “Fraud” and “Worst that tulip Bulbs”. Was the real motive behind all this was just to purposely bash the prices of crypto so they can buy low? Because after bitcoin crashed, I read that JP Morgan was biggest buyer of crypto currencies ETFs the other day. Well if that’s the actual case, then I think that CEO of JP Morgan is not aware of what his associates are doing? Are they trying to play with the market in order to secure their profits? Also these guys are still helping their clients to buy bitcoins so I really do wonder will Mr. CEO Standby his promise of firing his employees who traded cryptos or was it just a plot to bash the prices and then buy low?
Indeed it’s such a shame. JPM just made 20% over the week by throwing some cheap tantrum
Here is what I read as well
Interesting how everyone is jumping on calling Bitcoin a bubble. Interestingly US of A is sitting on 20 Trillion of debt while it’s new found President is hinting at another war and all this happens while S&P hits all time highs almost every other week. .
If Bitcoin or any other crypto currency takes over or creates the foundation of alternate global currency then how will USA keep printing money to float free debt for it’s balance sheets?
Can someone please elaborate what a bubble really means
[quote=“whywescalp, post:4666, topic:35612, full:true”]
If Bitcoin or any other crypto currency takes over or creates the foundation of alternate global currency then how will USA keep printing money to float free debt for it’s balance sheets? [/quote]
I think the answer to that question might lie in a “central bank cryptocurrency”, not yet issued, but being studied by the U.S. Federal Reserve System. The concept is a cryptodollar circulating alongside U.S. cash and central bank reserves. The cryptodollar would be pegged to the U.S. dollar, eliminating bitcoin-style volatility.
In some respects, the proposed cryptodollar would function just like bitcoin, notably in its distributed ledger (blockchain) accounting basis. However, it would not entail third-party anonymity, which is a key feature of bitcoin.
The little that I understand about central bank cryptocurrencies I learned just yesterday from an article published in the September 2017 BIS Quarterly Review. Here’s a link to the Quarterly Review in .pdf format. The article, Central bank cryptocurrencies, by Morton Bech and Rodney Garratt, begins in page 55.
The Quarterly Review article does not use the term “cryptodollar” – that’s my term for a cryptocurrency pegged 1:1 to the U.S. dollar, as described in the article.
Being highly suspicious of government, I can easily imagine a time in the not-too-distant future when the U.S. government will outlaw all cryptocurrencies except the official, Federal Reserve-issued cryptodollar. Of course, the justification given for that will be the need to crack down on rampant tax evasion and money laundering carried on in the non-government cryptocurrencies.
When the federal government establishes itself as the central clearing point for all cryptocurrency transactions into, out of, or within, the United States, they will have re-established their total control over the money supply.
Maybe I’m paranoid.
But, just because I’m paranoid, that doesn’t mean that they’re not out to get me.
1 Like
Im thinking that the gov will go after the crypto-to fiat-exchanges if anything. There’s a big misnomer that BTC is anonymous. It’s not anonymous at all. In fact they were able to trace transaction’s that led to Silk Road creator Ross Ulbricht prosecution and imprisonment.
Russian exchange BTC-E got shut down for alleged money laundering, despite their ongoing use of supposed “mixers”.
There are anonymous crypto’s like DASH, but at the end of the day its all worthless up until the point you convert to fiat.
I read the other day that the bank to bank proposed
standard is called “Ripple”
Here’s the link: https://www.ripple.com/
I could be wrong about the scope of Ripple.
hyperscalper
FINPROTRADING – DO THEY STILL ANSWER TICKETS?
Normally eager to “bug” me with phone calls and emails, now when
I fill out an official support ticket I get… SILENCE.
FinProTrading ! What’s wrong with your Support Ticket service?
If it’s one of the Hurricanes, then I apologize; otherwise, I’m getting
pissed off.
I need them to fix the slow performance of one of our accounts, but
I guess there’s NO HURRY… in their opinion?
email date: Tue, Sep 19, 2017 at 12:57 PM
They received my ticket request, and here’s their prompt email:
"FinPro Trading
Dear XXX,
Your support ticket for Slow execution times for Market Orders has been successfully created. you can check the status of your ticket HERE
If you require any assistance or have any questions, please feel free to contact us any time via Live Chat, email ( [email protected]) or call +44 20 3289 3467.
Kind Regards,
FinPro Trading "
[EDIT] By the way, I can’t find any “Live Chat” option; it certainly isn’t obvious as I am logged into my FinProTrading “dashboard” client area.
[EDIT2] They may soon send me an automatic acknowledgement email stating " Your support request for 'Crappy Support" has been successfully created"…
hyperscalper
Tradersway is really into something fishy… They dont allow us close our positions in profit… Always off quote, re-quote… 15 seconds later replies the broker server…
i e-mailed the issue to dealing depaprtment and their respond was stupid. They said they cant read the screenshots because of small resolution… But the screenshots are quite readable…
Please dont refere ppl to TW anymore…They are not trusted anymore.
FINPROTRADING SUPPORT
OK, did get a Live Chat agent, here’s the transcript:
“WELCOME TO FINPRO TRADING
SUPPORT AGENT.
Hello. How may I help you?
CLIENT
1:26 pm
Is your trouble ticket system down? I have an outstanding ticket 2 days now with no response…
SUPPORT AGENT.
hi there
sorry for the inconvenience, may i have your ticket number along with your name and registered email address
CLIENT
Ticket xxxxxx
It concerns slow Market Order executions for a live account
SUPPORT AGENT.
we are really sorry for the inconvenience, let me raise the ticket to my back end team so they can look into it on priority basis and update you on the same asap, rest assured you will receive the feedback asap
CLIENT
Thanks, but why has it been missed? You having system problems?
SUPPORT AGENT.
generally within 24 hours all the queries are solved however if back end team is indulged in the detailed investigation for the same, it might take longer than 24 hours but i have raised the ticket from my side on the priority basis and for sure you will receive the feedback asap as they must be doing the detailed investigation for your issue”
[EDIT] Still no response at all from FinProTrading. I wonder if they outsource it to a Hurricane hit area like Puerto Rico ? But seriously, I am not impressed.
hyperscalper
RELIABLE DEDICATED HOSTING
I realize this is slightly off-topic but I’d like to put in a positive
plug for ServerPronto.com with hosting in the Miami,FL area
for really great rock solid reliable (DDOS protected) hosting.
I’ve had one of their systems cranking for 4 months now,
without a reboot required (Centos Linux box). But it’s the
customer service which is so great. I needed an extra
16gb of memory, and they are going to migrate me to a
new 32gb Quad Xeon system for FREE so I can get that extra
memory at no extra cost.
Love those guys, and very cost effective my
cost (with Backup/Recovery support) is $115 / month
for a “bare metal” Linux server.
hyperscalper
Here we go again. Tradersway keeps on scamming us
2017.09.21 21:00:59.538 ‘189458’: instant order buy 1.05 EURCHF. at 1.15914 sl: 0.00000 tp: 0.00000
2017.09.21 21:01:00.490 ‘189458’: order buy 1.05 EURCHF. opening at 1.15914 sl: 0.00000 tp: 0.00000 failed [Off quotes]
2017.09.21 21:01:07.338 ‘189458’: instant order buy 1.05 EURCHF. at 1.15914 sl: 0.00000 tp: 0.00000
2017.09.21 21:01:10.380 ‘189458’: order buy 1.05 EURCHF. opening at 1.15914 sl: 0.00000 tp: 0.00000 failed [Off quotes]
2017.09.21 21:01:12.377 ‘189458’: instant order buy 1.05 EURCHF. at 1.15885 sl: 0.00000 tp: 0.00000
2017.09.21 21:01:15.263 ‘189458’: order was opened : #36496100 buy 1.05 EURCHF. at 1.15885 sl: 0.00000 tp: 0.00000
2017.09.21 21:01:15.263 ‘189458’: modify order #36496100 buy 1.05 EURCHF. at 1.15885 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 1.16285
2017.09.21 21:01:15.263 Publisher: starting
2017.09.21 21:01:15.419 ‘189458’: order #36496100 buy 1.05 EURCHF. at 1.15885 was modified -> sl: 0.00000 tp: 1.16285
2017.09.21 21:01:16.574 Publisher: ok
2017.09.21 21:02:01.876 ‘189458’: instant order buy 1.05 EURCHF. at 1.15868 sl: 0.00000 tp: 0.00000
2017.09.21 21:02:03.140 ‘189458’: order buy 1.05 EURCHF. opening at 1.15868 sl: 0.00000 tp: 0.00000 failed [Off quotes]
2017.09.21 21:02:06.166 ‘189458’: instant order buy 1.05 EURCHF. at 1.15867 sl: 0.00000 tp: 0.00000
2017.09.21 21:02:07.508 ‘189458’: order buy 1.05 EURCHF. opening at 1.15867 sl: 0.00000 tp: 0.00000 failed [Off quotes]
2017.09.21 21:02:22.250 ‘189458’: instant order buy 1.05 EURCHF. at 1.15872 sl: 0.00000 tp: 0.00000
2017.09.21 21:02:23.841 ‘189458’: order buy 1.05 EURCHF. opening at 1.15872 sl: 0.00000 tp: 0.00000 failed [Off quotes]
2017.09.21 21:02:26.945 ‘189458’: instant order buy 1.05 EURCHF. at 1.15869 sl: 0.00000 tp: 0.00000
2017.09.21 21:02:28.552 ‘189458’: order buy 1.05 EURCHF. opening at 1.15869 sl: 0.00000 tp: 0.00000 failed [Off quotes]
2017.09.21 21:02:31.017 ‘189458’: instant order buy 1.05 EURCHF. at 1.15869 sl: 0.00000 tp: 0.00000
2017.09.21 21:02:32.499 ‘189458’: order buy 1.05 EURCHF. opening at 1.15869 sl: 0.00000 tp: 0.00000 failed [Off quotes]
2017.09.21 21:32:57.626 ‘189458’: instant order buy 1.05 EURCHF. at 1.15874 sl: 0.00000 tp: 0.00000
2017.09.21 21:32:58.998 Publisher: starting
2017.09.21 21:32:59.014 ‘189458’: order was opened : #36497586 buy 1.05 EURCHF. at 1.15874 sl: 0.00000 tp: 0.00000
2017.09.21 21:32:59.014 ‘189458’: modify order #36497586 buy 1.05 EURCHF. at 1.15874 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 1.16274
2017.09.21 21:32:59.154 ‘189458’: order #36497586 buy 1.05 EURCHF. at 1.15874 was modified -> sl: 0.00000 tp: 1.16274
2017.09.21 21:33:00.324 Publisher: ok
2017.09.21 21:35:32.355 ‘189458’: close order #36496100 buy 1.05 EURCHF. at 1.15885 sl: 0.00000 tp: 1.16285 at price 1.15900
2017.09.21 21:35:33.596 ‘189458’: order #36496100 buy 1.05 EURCHF. closing at 1.15900 failed [Off quotes]
2017.09.21 21:35:36.303 ‘189458’: close order #36496100 buy 1.05 EURCHF. at 1.15885 sl: 0.00000 tp: 1.16285 at price 1.15904
2017.09.21 21:35:37.231 ‘189458’: order #36496100 buy 1.05 EURCHF. closing at 1.15904 failed [Off quotes]
2017.09.21 21:38:00.972 Publisher: ok
Someone from Tradersway contacted me and said in an e-mail that i have to learn what a market and instant execution is quoting my complaints here on this thread.
He or she may be right but this was not happening before. And its not only me who is having the same problem.
It has become unprofitable all of a sudden…You decide ppl.