Going offshore to escape the CFTC

interesting observation !

It is because under us regs it is against a broker to say they are recruiting us customers

Thanks Charlie for checking this UK client topic. It is may be the good explaination why they can have offices in UK and not worry about UK financial legislation. Well it is quite a good thing to me. They play the rule by register a company in UK which object is NOT financial… anybody can apreciate … aha

For me, as long as they are doing honest business, there is no problem if their strategy is good. Not really sure yet. They are only 2 years in business and may be not in the top of the files at the FCA…

if they don’t accept U.K. traders then why is there reviews from U.K. traders on forexpeace army

don’t matter if they don’t take U.K. traders they take U.S. traders while operating a forex broker on U.K. soil whitout there knowledge the U.K. regulators state all forex brokers must be regulated in the U.K. and can’t take U.S. retail traders. that will be the easiest slam dunk case in forex history, it’s like duh how can you be that stupid

all it takes is one phone call from U.S. regulators to the U.K. regulators. game over. i haven’t seen either of these brokers on the the red list i will check again

Yes SmallPaul, I think you are rather right. Officially they dont accept US and UK clients, but they must have their own filters through web aplication anf may be they will close the subjected account as soon as the wind blows …

hard to find the good one … aha

keep going investigations. Their conditions are worth it I think, they seem smart and honest and I like the India spirit … aha

btw i believe i was the first or one of the first traders that mention turnkey forex and coinexx on this thread because i do like these brokers i just wish they was in another country.

yes the India spirit is strong, turnkeyfx, turnkey forex, finpro trading and coinexx

@SmallPaul looks like I triggered a soft chord when I spoke about tradersway. To every member of this thread, it’s almost obvious what you are trying to do. This thread is getting way too negative, obviously it’s a very democratic platform and everyone is allowed to voice their opinions AND expose him/her self to public opinion. Best of luck with your efforts.

On a related note: I think finprotrading , turnkeyforex, coinexx and lqdfx are among the TOP brokers that I have come across and this thread has been awesome and amazing. Cheers !

FUD ABOUT OFFSHORE ACCESS

Fear, Uncertainty and Doubt (aka FUD) have their place, but there
seems to be a lot of it lately !?

Where’s the optimism ? :slight_smile:

hyperscalper

Hey hyperscalper. This thread missed you :slight_smile: we need more optimistic people in here. BTW, I have been comparing coinexx and Finpro spreads and I do see quiet a bit variance in those broker spreads, do you see the same as well ? Or is it just me hallucinating:-) How is your MAMM account doing ?

What’s a MAMM account? I’m not in the business of being anybody’s money manager… But I have offered elsewhere on this forum to provide consultancy access to Currency Analytics predictive analytics… Currency Strength Meter Analytics and Trend History (REALTIME and FREE) on a mostly free basis for general information.

Spent all of last week integrating MT5 and verifying NJ4X runtime support. We found a memory leak in the server pool processes which we think was due to the MT5 terminal configuration, so we need to limit historical bar fetch counts… Issue resolved.

This push to MT5 was due to my configuring Coinexx, mainly its USD denominated accounts… into the runtime framework, so we have to run against mixed MT4 and MT5 account types. Now it’s getting into scalability of trading, finally.

hyperscalper

By MAMM I meant multi account management module. Might be a bad lingo but as I understand you are programming your application to manage multiple accounts to slice out your trades. Nevertheless, so you finally integrated MT5 from coinexx ? Did you trade on it yet. How is going for you ? Just wondering as I’m trying to compare performance between coinexx Finpro and turnkeyforex

[quote=“HyperScalper, post:5452, topic:35612”]
optimism
[
optimism to me is showing the other side of things when everybody is following the herd. thanks for the good luck charm.

always good to show the good, bad and the ugly side of things. of course you can always ignore the facts

OK, FORGIVEN, GO AND SIN NO MORE LOL

@whywescalp said:
“Nevertheless, so you finally integrated MT5 from coinexx ? Did you trade on it yet. How is going for you ? Just wondering as I’m trying to compare performance between coinexx Finpro and turnkeyforex”

Well, that reminds me to hook up a Coinexx USD account as a
"master" in my system so it will do the Bid/Ask analysis, etc.

Multi-slave copying is a bit technical, but not that difficult a
problem so, yes, I can shoot trades nicely into the “slaves”,
which does not make me a money manager, I hasten to add…
The slaves are typically smaller accounts, so will scale the lot sizes
downward…

Will do that and post a comparison Coinexx versus FinProTrading
for USD denominated accounts. THE BATTLE IS ON !!!

hyperscalper

ok guys i found another broker you guys can look into:

https://grandcapital.net/

the reviews on FPA is not good

@whywescalp I also noticed differences in Turnkey & Coinexx spreads today… they were pretty much identical last week.

I think its normal for brokers spreads to converge and diverge from eachother as long as they are not consistently similar. Because in that case there is no added advantage to add the broker to the kitty. For example between finpro and turnkeyforex their spreads are almost identical at all times. @HyperScalper has quiet a few tools and I’m hoping to get more insights into it once he completes his test between all the brokers that he is tracking.

@SmallPaul , I see that you were the one who introduced us to coinexx in this thread and it came out to be an awsome broker, but now you are making a complete U turn and just proposed a third rated (no offense) broker. I have no intentions to pick any argument with you. We agree on some things and we disagree on others but thats the very reason why these forums exists. This thread is an amazing asset for all of us trying to make a living in forex and we should keep the spirit going :slight_smile: cheers ! - Good night !

And just to add to my comment above. I personally have an account with coinexx and I think its an awsome broker and as good as it can get, given cftc and esma cr@p . Have you traded with coinexx ? do you find anything that is not quiet upto the mark in terms of deposits, withdrawals, spreads, trading conditions ? if yes, please share your experience. I have traded with finpro quiet a lot and till I saw coinexx, finpro was the best broker that I would swear by. Obviously in changing times, you can not marry a broker and thats why I’m moving more of my funds over to coinexx, Ill be happy to know if I shall think otherwise.

no argument here, i have not did a complete u-turn i think coinexx is the best broker we have on our offshore list it’s not even close but there in a regulated country witch give me reason to pause.

btw i also brought up TURNKEYFOREX.COM to babypips, i just find brokers who except U.S. traders it’s your job to do your DD