Thanks for the tip about disconnection issues. Haven’t experienced that myself yet but will be looking out for it.
For those interested, here’s a random screenshot of some major pairs showing in Evolve’s zero commission “classic” account. It’s about 3 hours into the Asia trading session. The USD pairs are trading at 1 pip. Crossrates are also pretty tight. 1.5 pips on EURAUD is very impressive! The spreads do fluctuate, but this is representative for Asia. NY session is even better.
I would never trade with an account that has commission included
in the spread. It should be raw spread plus commission. But if you
like it, then great …
I can easily give you the spreads for Evolve.Markets during any
session, with some lead time. If you are not doing "precision trading"
where pricing really matters, then it really is insignificant, I’ll admit.
The one issue I have with Evolve is having your balance sitting in Crypto. Of course you could always attempt to hedge out that risk by taking a long USD position to cover your balance/profits, however that can get tedious and increases commission costs. That being said, I do have an account there strictly for the 500:1 leverage on CFDs which are banned in the US.
I would like to give my up-vote for Turnkeyforex.com to trusted broker status as well.
They have my vote of confidence for their client support services, timely deposit and withdrawal (been tested more than a few times ) along with the spreads & commission that they offer( I use the ECN account only).
To me they have proved themselves to be a Trusted broker.
Looks like a competitor to Evolve.Markets with more
crypto choices… Great pricing, commish and other terms, MT5
only… [EDIT] in another area they say MT4 so a bit confusing
on which MetaTrader platforms are supported… As with
Evolve.Markets possibly new accounts MT5 only…
[EDIT2] They also mention “fiat” currency accounts, as well
as cryptos, so it is not clear what those choices would be,
some ambiguities on the website itself on a few issues…
Overall, looks really promising !
I did not look into U.S. persons availability but my guess is “yes”.
They are not “soliciting” U.S. persons, clearly, so they would be
CFTC compliant in that regard
Should we designate Turnkey Forex (UK) as a Trusted Broker?
Over the past month, three of our members – HyperScalper, whywescalp, and theforexalgo --have recommended designating Turnkey Forex as our fifth Trusted Broker.
This is a call for additional votes, for or against this designation.
If you have PERSONAL experience trading LIVE with Turnkey Forex, please post your opinion on this recommendation.
Hi Clint! i split my trading between turnkey and finpro. they are deserve to be in the trusted list. have been with them past one year without issues. Good conditions and responsive support team
@HyperScalper@SmallPaul i have an account with them. Shifted from evolve. They don’t accept fiat and offer MT5 only as a trading platform. And a friend of mine from US also trades with them. Spreads and comm are most competitive. you can literally see negative spreads during european & asian sessions. Though i have a small account with them but they seem very promising. particularly pleased that they have chat on their website as opposed to evolve.
coinexx sounds very promising , they accept most of the major crypto pairs for deposit, they have accounts denominated in Bitcoins, Litecoins, etherum, bitcoin cash , their chat support tells me that it is possible to have a USD denominated account with them as well AND they dont accept fiat as a method of payment. All deposits and withdrawals are based on cryptos, you can ALSO get withdrawals in any of the major cryptos so both deposits and withdrawals sounds extremely good. Since they only transact in cryptos, we dont have to go through long and cumbersome process of account verification (in a way similar to how evolve guys are). I looked at their spreads and they clearly are a notch better than our best brokers. Obviously @HyperScalper can give us better insights into their spreads compared to our top brokers.
Im going to open an account with coinexx and will share my experience with you guys. So far what I have seen, they look extremely good and totally worth a small test deposit.
thanks @SmallPaul for sharing the info. This broker is everything that I have been looking for
Moving from MT4 to MT5, we are accustomed to an account
which is not a “net position” account, but one which allows for
multiple positions in a Forex symbol to be accounted for
separately, and even “hedged” in opposite directions…
(Multiple “tickets” are retained, and not collapsed…)
So far, what I’ve seen with MT5 accounts is the expected
"hedging" or multi-position approach to the account setup,
and I assume this is true with Coinexx. Do you know?
This retains compatibility with MT4-based accounts, in the
new MT5 environment. To be clear, I never take opposite side
positions in the same symbol, but some traders do… But I
do rely on the discrete Ticket information being preserved,
as opposed to a “net position” approach which I’d say nearly
nobody really wants…
[EDIT] this is a big deal for me, since I use NJ4X across both
MT4 and MT5 accounts, and my control logic would be completely
disrupted with a “net position” account type…
Their commission is $2 per std, round-turn
My personal opinion, I think we should add turnkeyforex to trusted broker and coinexx to our list. In fact on crypto front I haven’t seen a better broker yet than coinexx. I have just opened an account with them. I will fund the account this week and will share my experience
With the addition of Coinexx to Group 1, we now have (once again) 13 offshore brokers who welcome our business.
And, with the addition of Turnkey Forex to the elite group, we now have 5 brokers who are designated as Trusted Brokers
My sincere thanks go to all of you who have contributed to this effort to find and vet offshore brokers that we can deal with and trust. This thread is the valuable resource that it is, because of your contributions.
Has anyone experienced delays? Personally, I use
crypto-based transfers, but I’m asking for a friend
who uses wire transfers and has noticed a long
delay to his bank.
[EDIT] my friend lives in Hawaii and I understand
they have banned crypto there, which leaves
wire transfers in fiat currency as the only alternative…
I haven´t posted for a while, but thought I might have some information to think about.
Previously I have come through many brokers and a good indication to me about the broker itself was how much they tell about themselves.
I went on the “About us” section at Coinexx where they start with “Who we are?” What got my attention is they start with that question and then they do not answer it. In fact they do not give a single information about the company.
I checked on google the address they have on their website. Google lists a number of companies that are listed under that given address, Coinexx is not on that list (this however does not mean 100% that they are not operating there).
The last concern I have is the server time. Clint stated it is GMT+3. I am not an IT guy so hyperscalper is needed here to give some information on my assumption. I usually see/thought that a server is located where the broker is based. This is important as the address is in Scotland while GMT+3 is a time zone including Russia, Israel and maybe Cyprus in one part of the year. These are exactly those countries where I would need the most confirmation to put my money in Forex as they are for me the countries from where they want to suck out my last pennies. As I said, with this server issue maybe hyper can give us some more info how it works.
Hello @ForExchange , these are good points. However, I have an alternate view to both the points raised by you (I will be happy to be proved wrong)
First: Server time of coinexx is GMT +3 , and that is actually what it technically is the ideal time. Please take a look at this thread from babypips that talks about market open and close times
You will see that if the server time is GMT +3 during (March/April – October/November based on DST), is makes the charts data ideal as the trading starts at exactly midnight and chart data covers full cycle of 24 hours. This is especially an issue during market open and charts data on Monday and Friday.
Server’s time zone’s can be changed at will, and it is not uncommon for servers in russia to have time zone set up as EST. SO in a way that is no indication of where the server is ldeally located.
Second: they dont give out too much information about themselves. In a way that is common for all crypto based businesses, because of all the witch hunt that goes on around them. If you look at, for example, evolve.markets there is nothing that you can make out about their actual operating office or any other details. This is again for the same reason and does not raise any eyebrows for anyone who is trading with them.
For the record, I have been an absolute supporter for Finpro trading for all of last year, but coinexx changes that completely. I will be testing and slowly moving my funds to coinexx and will keep sharing my experience with them. If they are really as good as I feel from the first look of it, I think they will come across as an absolute winner in offhsore forex business.
Obviously, you can never be 100% sure. For example, I had an account with MF Global in 2008 and I know first hand that all the CTFC, or SIPC gimmic of protecting wealth or retail clients is just a sham that dosent really get you anything back. Very recently, one of my friend has an account with beaufort securties and here is a link on what is happening to them
So even though we all know that CFTC and SIPC is a scam like none other, we also know that they are constantly on a witch hunt against all offshore forex brokers. For example Tallinex
here is a link on what happened to tallinex
Given all this information, and given my experience in trading forex both with onshore and offshore brokers, I clearly see coinexx doing things exactly as it should be done. A crypto only broker is most likely to survive longer and independent of banking instution interference (see the posts above on Capital City Markets and based on what we learnt, the only ones to suffer were its clients who did not get the money back). And as a crypto only broker, they have much less costs and can pass on that benifit to us as clients (which I clearly see in their spreads)
See the link below from MyFXBook where I have compared spreads of some of our Top brokers
What remains to be seen is how efficient they are and how quicly they process their withdrawals and how honestly they process our executions. We dont have many people so far who have shared any real trading experience with them and we will know it over the course of time.
I hope my information helps, atleast to give some food for thought.
I just took a snapshot on coinexx webterminal with the chart of AUDUSD, please note that their market open exactly at mid-night (so the server times are adjusted to create 24 hour chart per day. This sometimes can be very critical for EA traders who need the servers to have 24 hour chart and market starting at exactly mid-night. Obviously @HyperScalper is an expert on it and can give some valuable inputs in here. @HyperScalper what do you think ?
“We experienced a temporary network congestion in our data centre, but it is working fine now. Some account however are still experiencing connection issues because of their local device cache.”
, they accept most of the major crypto pairs for deposit, they have accounts denominated in Bitcoins, Litecoins, etherum, bitcoin cash , their chat support tells me that it is possible to have a USD denominated account with them as well AND they dont accept fiat as a method of payment. All deposits and withdrawals are based on cryptos, you can ALSO get withdrawals in any of the major cryptos so both deposits and withdrawals sounds extremely good. Since they only transact in cryptos, we dont have to go through long and cumbersome process of account verification (in a way similar to how evolve guys are). I looked at their spreads and they clearly are a notch better than our best brokers. Obviously 
, and