Ive been using them for about 2.5 years now. been going very well. no issue with funding or withdrawal, the customer service could be a bit faster but most things are done within 1 business day. their managed services are also good if you want to have something in parallel to your self trading.
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For anyone who’s interested,
Founded:
-
Coinexx was founded in February 2017 .
-
Finpro Trading was founded in 2012.
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LMFX was founded in August, 2015.
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Trader’sWay was founded in 2010.
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Turnkey Forex was founded in 2009 but only dealt with institutional investors until 2016, when they started offering retail broker services.
Source: These are not listed on their websites; I was told over Chat.
Commissions:
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Coinexx charges a commission of 2 USD per std lot (any pair), round-turn.
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Finpro Trading charges a commission (on their ECN accounts) of 8 USD per std lot (any pair), round-turn.
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FX Choice charges a commission (on their Pro accounts) of 7 USD per std lot of USD base currency, round-turn.
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LMFX charges a commission (on their Zero accounts) of 8 USD per std lot (any pair), round-turn.
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Trader’s Way charges a commission (on their ECN accounts) of 6 USD per std lot of USD base currency, round-turn.
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Turnkey Forex charges a commission (on their ECN accounts) of 2 USD per std lot of USD base currency, round-turn.
Source: Coinexx and FXChoice tested on demo; Turnkey asked over phone; the rest asked over Chat.
Also, a correction to Trader’s Way:
It offers ECN and STP accounts only; no dealing-desk.
Source: I asked two different reps over Chat.
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COINEXX NARROW SPREADS and Commission
Watching my “nibbler” bot trading, I see
Bid/Ask spreads of zero pips fairly often,
especially after London closes in Forex…
Happy putting most of my eggs in
the Coinexx basket… so far…
[EDIT] and “nibbling” with many 0.03 lots sizes,
we are seeing $2 / $100,000 round trip commissions,
as advertised looking at EUR/USD scalps!
[EDIT2] this is just a Beta testing scenario; we will
be moving individual lots to 10x those sizes soon…
[EDIT3] and we are seeing price improvements on
Pending/Limit order executions as well…
hyperscalper
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Just to add to the chorus, I requested a withdrawal from Coinexx Friday morning, it went through late this morning (Monday).
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Thank you for providing information on Coinexx. I am looking for a good broker that can service US residents, and Coinexx is currently top on my list, so I am watching your posts closely.
I did notice that, on their website, the cryptocurrency spreads are only showing BTC for the last 24+ hours for some reason. I am also curious about the trading hours for crypto, as it states that trading is only available 5 days/week, which I do not understand.
Thanks!
Just keep in mind that I’m talking only about the 28 major
Forex pairs; not anything else the brokerage may offer…
hyperscalper
Understood. I wish that there was more information available for crypto trading via a broker. I imagine that it will only be a matter of time for that. I have been trading exclusively via crypto exchanges, so I have never used a broker. I would like to make the transition so that I have more flexibility by being able to also trade FX while also having better leverage options for alt coins. I have not been able to fully understand the numbers yet, but the trading fees may be better as well.
Cheers.
TRADERSWAY PERFORMANCE ISSUES
I am running one TradersWay account in a pool of brokers,
and just noticed truly awful performance. Whereas the
Coinexx and FinPro accounts were executing in the range of
500-700 msecs, which I regard as fairly slow; the Tradersway
account was clocking up 2,000 - 20,000 - 60,000 msecs which
is so slow my system logic even has trouble dealing with that,
since copy-Slaves should refrain from copying a Master if the
latency in response to the Master is > 30 seconds or so…
since any price precision is lost…
Anyway… I’m just sayin’ that’s terrible, and I’ve advised that
the account be moved. All of the accounts are MT4.
hyperscalper
[EDIT] just check out this data where [TW] is the TradersWay
account.
[20181105-22:37:00.632(GMT)] OrderOp BUY Exception elapsed msecs: 99
[20181105-22:37:00.819(GMT)] OrderOp BUY Exception elapsed msecs: 298
[20181105-22:37:00.819(GMT)] OrderOp BUY Exception elapsed msecs: 298
[20181105-22:37:00.835(GMT)] OrderOp BUY Exception elapsed msecs: 313
[20181105-22:37:00.835(GMT)] OrderOp BUY Exception elapsed msecs: 302
[20181105-22:37:01.039(GMT)] Buy Market OrderOp elapsed: 516
[20181105-22:37:01.040(GMT)] Buy Market OrderOp elapsed: 518
[20181105-22:37:10.056(GMT)] Buy Market OrderOp elapsed: 9519 [TW]
[20181105-23:47:03.276(GMT)] OrderOp Buy Limit elapsed: 266
[20181106-00:08:53.130(GMT)] OrderOp BUY Exception elapsed msecs: 69
[20181106-00:08:53.158(GMT)] OrderOp BUY Exception elapsed msecs: 97
[20181106-00:08:53.177(GMT)] OrderOp BUY Exception elapsed msecs: 90
[20181106-00:08:53.186(GMT)] OrderOp BUY Exception elapsed msecs: 92
[20181106-00:08:53.346(GMT)] OrderOp BUY Exception elapsed msecs: 285
[20181106-00:08:53.376(GMT)] OrderOp BUY Exception elapsed msecs: 315
[20181106-00:08:53.392(GMT)] OrderOp BUY Exception elapsed msecs: 305
[20181106-00:08:53.392(GMT)] OrderOp BUY Exception elapsed msecs: 298
[20181106-00:08:53.502(GMT)] Buy Market OrderOp elapsed: 407
[20181106-00:08:53.502(GMT)] Buy Market OrderOp elapsed: 408
[20181106-00:08:53.680(GMT)] Buy Market OrderOp elapsed: 587
[20181106-02:26:52.662(GMT)] OrderOp Close Position elapsed: 130
[20181106-02:26:54.192(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 450
[20181106-02:26:54.209(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 468
[20181106-02:27:11.095(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 17354
[20181106-04:19:53.081(GMT)] OrderOp Close Position elapsed: 223
[20181106-04:19:54.597(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 530
[20181106-04:19:54.627(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 560
[20181106-04:20:08.213(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 14146
[20181106-06:32:28.134(GMT)] OrderOp BUY Exception elapsed msecs: 112
[20181106-06:32:28.150(GMT)] OrderOp BUY Exception elapsed msecs: 131
[20181106-06:32:28.165(GMT)] OrderOp BUY Exception elapsed msecs: 144
[20181106-06:32:28.184(GMT)] OrderOp BUY Exception elapsed msecs: 162
[20181106-06:32:28.385(GMT)] OrderOp BUY Exception elapsed msecs: 363
[20181106-06:32:28.400(GMT)] OrderOp BUY Exception elapsed msecs: 381
[20181106-06:32:28.462(GMT)] OrderOp BUY Exception elapsed msecs: 441
[20181106-06:32:28.478(GMT)] OrderOp BUY Exception elapsed msecs: 456
[20181106-06:32:28.540(GMT)] Buy Market OrderOp elapsed: 517
[20181106-06:32:28.555(GMT)] Buy Market OrderOp elapsed: 535
[20181106-06:33:25.462(GMT)] Buy Market OrderOp elapsed: 57439 [TW]
[20181106-06:43:09.492(GMT)] OrderOp BUY Exception elapsed msecs: 108
[20181106-06:43:09.508(GMT)] OrderOp BUY Exception elapsed msecs: 124
[20181106-06:43:09.524(GMT)] OrderOp BUY Exception elapsed msecs: 141
[20181106-06:43:09.555(GMT)] OrderOp BUY Exception elapsed msecs: 169
[20181106-06:43:09.743(GMT)] OrderOp BUY Exception elapsed msecs: 359
[20181106-06:43:09.758(GMT)] OrderOp BUY Exception elapsed msecs: 374
[20181106-06:43:09.774(GMT)] OrderOp BUY Exception elapsed msecs: 391
[20181106-06:43:09.852(GMT)] OrderOp BUY Exception elapsed msecs: 466
[20181106-06:43:09.899(GMT)] Buy Market OrderOp elapsed: 514
[20181106-06:43:09.930(GMT)] Buy Market OrderOp elapsed: 547
[20181106-06:43:10.275(GMT)] Buy Market OrderOp elapsed: 886
[20181106-12:15:20.425(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 696
[20181106-12:15:20.426(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 697
[20181106-12:15:29.971(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx503 msecs: 598
[20181106-12:15:30.001(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 625
[20181106-12:15:30.002(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx518 msecs: 626
[20181106-12:15:30.002(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx523 msecs: 630
[20181106-12:15:30.109(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 730
[20181106-12:16:14.778(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 55048
[20181106-12:16:15.261(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 45885
[20181106-12:16:15.265(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 44683
[20181106-12:16:15.281(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 43493
[20181106-12:16:56.774(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx503 msecs: 599
[20181106-12:17:09.985(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx519 msecs: 557
[20181106-12:29:56.077(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 633
[20181106-12:29:56.093(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 648
[20181106-12:29:56.260(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 816
[20181106-12:35:11.421(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 545
[20181106-12:35:11.439(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 562
[20181106-12:35:33.350(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 22473
[20181106-12:41:15.107(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 564
[20181106-12:41:15.206(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 663
[20181106-12:41:15.217(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 674
[20181106-13:04:39.668(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 532
[20181106-13:04:39.777(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 641
[20181106-13:04:39.959(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 823
[20181106-13:05:13.335(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 504
[20181106-13:05:13.385(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 554
[20181106-13:05:13.511(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 680
[20181106-13:05:16.980(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx514 msecs: 541
[20181106-13:05:17.089(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: xxxx924 msecs: 651
[20181106-13:05:18.712(GMT)] SlaveCloseOrderTask OrderOp elapsed acct: [TW] msecs: 2274
come to think of it swap fees are so high on bitmex that i cant imagine coinexx having higher fees, id be surprised if so.
.075% taker fee for what you have in position, i.e., 20 bitcoin leveraged at 100 so your real amount is only 20% of a bitcoin, but you pay the fee for 20 bitcoin. It basically works out to starting off a position at a 7.5% loss. Needless to say I try to do maker fees on the other exchange i use, but the liquidity is poor and I get front ran badly by mm bots.
im attempting to make an account at hugos way if theyll approve it. it does say not directed at contrary jurisdiction yadda yadda so eh. I figure Ill give coinexx and hugos way an even chance, just feel like the kyc is more likely to get me my money back if and when giancarlo decides to pay them a visit to stop all the fun.
That is indeed bad. What did Trader’s Way say about it?
Was it definitely Trader’s Way, or points in between?
Either way, I am hoping it is just an anomaly. TW has built a good reputation over the years.
If it was their servers, it also is nice to know if they refund any funds lost because of it.
BTW: my foreign language experiment didn’t pan out. foreign broker referred me back to a broker in Luxembourg that doesn’t accept US clients, no matter what language the US client speaks.
I’m not going to the trouble to investigate one of a dozen broker
accounts and follow up. Direct comparison with other brokers
at the same time is enough for me… We run from highly tuned
dedicated servers in Amsterdam; not from some DSL modem in
my basement… LOL 
TW’s MT4 backends I think are either
Amsterdam or London; not sure…
[EDIT] the MT4 instance journal says we are 1.92 milliseconds
from TW’s MT4 servers… So… we’re close enough
hyperscalper
i agree about KYC but hugosway have a bigger problem they are directly operating on U.S. soil
TW’s LPs rejecting your trades ?
I don’t have time to track what the problem is. These are Market
Orders and Market Closures, which are time-sensitive,
and all the other accounts respond instantly, so…
hyperscalper
COINEXX MAINTENANCE DEPOSIT DELAYS
I’ve been having some issues and delays moving initial
deposit funds into Coinexx accounts. It should be
an instant and automatic process but apparently
they are undergoing “maintenance” issues, so I’m
looking at an “8-10 hour” delay, according to their
support.
[EDIT] now 10 hours or so and waiting for Coinexx
to fix whatever their deposit problems are…
[EDIT2] … next morning… looks like the deposits
have been made at Coinexx… hoping they don’t have
any further probs…
[EDIT-final] I guess I forgive them since then sent me
this cute email apologizing:
"Dear ,
Apologies if you had any inconvenience from our end. I can confirm that payment has been successful updated in your account. Our deposit process is completely automated; all the deposits automatically get updated in the trading account once confirmed on the block-chain network. However due to some technical slag, these particular transactions were not credited in time due to the maintenance going on the client area, the concern has been raised to the technical department and they have been looking into it and will make sure nothing sort of this happens in future again
If you require any assistance or have any questions, please feel free to contact us any time via Live Chat, email ( [email protected] ) or 24/5 live chat."
APOLOGY ACCEPTED !!
hyperscalper
One of our members has sent me a file of email correspondence to and from Vload, regarding failed (declined) funds transfers. The problems began on or about October 19, and, as of today, have not been resolved by Vload.
I was asked for advice regarding this problem – advice which I can’t give, because I have no recent experience with Vload.
But, some of you have had recent dealings with Vload, and now have an opportunity to help a fellow member with a frustrating problem.
If you have used Vload for funds transfer since October 19, please weigh in here with details of the steps you took to complete the transfer, the time required from start to finish, and any snags which you hit along the way.
Specifically, did you get any sort of run-around concerning 3D-Secure authentication?
-
Is Vload screwed up?
-
Is Vload unwilling to admit that they are under attack by U.S. regulators?
-
Or, is this just a one-time snafu?
Let’s find out. Please help, if you can.
just got this message in my EPAYMENT account
" Financial consultants: exercise caution
Be aware. Some customers are being encouraged to register an ePayments account to transfer funds to financial investment schemes that are then not delivering on the promises made.
Please note, ePayments does not have any exclusive partnership with any investment institution or financial consultant. You should scrutinise the collaboration with such entities thoroughly before making any payment."
I made a fairly significant number of transfers using Vload on October 29 and October 30 to deposit funds into 2 different forex brokers, everything worked very smoothly without a hitch, the purchases showed as pending for about 1 minute then were ready, the deposit transfers to the brokers was instant. Prior to that I did have a credit card decline in an attempt to purchase Vload vouchers, but that was because my bank was blocking the transaction. I used a different card from a different bank and had no problems.
I made 2 purchases with Vload on 10/24/2018 and 10/25/2018. The first one was smooth, and the second one missed PIN,and Vload said they had tech issues, and would resend me PIN in 24 hours. The problem was resolved in 24 hours and I got my PIN.
The tranfers from Vload to coinexx were smooth.