please let us now about your experience using LMFX ECHECK
I plan to give LMFX an eCheck on about July 12 after my property tax check has cleared my bank, just in case anything goes wrong. In an online chat with a lady at LMFX, she said that eChecks have been used for about 2 months now with LMFX and that they have been working great. Ideally a trader would have multiple checking accounts and use the least used account for something like these eChecks, in my opinion.
Hello Alisha.
I have only recently signed up and have not yet tried a withdrawal.
I will be sure to report back here once I have.
Great! Commissions are a little higher but I could at least trade crypto there.
im pretty happy with my broker selection, but im always looking to add, hereās my top brokers at the moment
coinexx
fxchoice soon to be replace by lmfx
lqdfx
i will be funding my lmfx account next month and scale back my trading with fxchoice
I have opened FXchoice account after seeing your list.
But now you are going to replace it with LMFX.
Is LMFX really better than FXchoice?
Iām sure we are all aware that ābetterā requires specific
criteria; otherwise, it doesnāt mean much. If you are a
tight scalper, ābetterā means good pricing, commission,
execution. If youāre a longer term trader; you donāt really careā¦
hyperscalper
Well,
FXchoice: spread is a little too wide. Every other thing is good.
Coinexx: tightest spread one can find.But after big news come out there always delayed quote and if you trade at that time, there is a few seconds delay.
If you donāt trade during big news time, everything is perfect at coinexx.
Consider commissions as wellā¦ My interest is in mainstream
Forex, so thatās all I consider.
hyperscalper
Coinexx commissions are $2 per /lot RT,plus 0.2-0.3 pip spread on euro, so total cost is 0.4-0.5 pip.
FXchoice euro spread is 1.2 pip without commissions.
But I once opened a trade on both brokers,by placing stop sells right before Friday employment report.When the news came out,my order at FXchoice was filled at 2.5 pip below my stop price.
My order at coinexx was filled at 20 pip below my stop price.
So donāt trade news at coinexx.
Besides, during time of big news, my coinexx quote is stop functioning, while I look at my FXchioce quote, it is working as normal.
Despite this, I do significantly more trades on coinexx than Fxchice, due to its much cheaper trading cost.
80% stop out level on their pro account is a killer, with lmfx they stop level is 15% at 250 leverage is like 400:1 leverage only problem max trade is 4 million if i wanna do over 4 million i have to drop my leverage down to 100:1, spreads are better but not a major factor in my trading as long at they reasonable .
You can choose classic account, which is what I did,its stop level is 15%.
i know but those spreads are to wide for me on classic account
If you add commissions for pro account, the total cost for both accounts are almost same.
have you notice the price move faster on the pro account, yes same on some pairs but not all
My experience in Forex is that Coinexx quotes during News Events do
not regularly stop functioningā¦ So you may pick and choose your
"nail in the coffin" or ādeal breakerā for any given broker;
itās your choice or even an āfx-choiceā if you like
When Trading News at any broker, do not be āchasingā. Rather,
be in your position either before, or after the volatility settles down.
For me, Iām in early with an offer, since I believe I can predict the direction
from analyticsā¦ otherwise, Iād be guessing which is not recommended !
hyperscalper
Maybe you connection is better than mine?
My coinexx quote is always delayed during big news.
btw my list are brokers i trust and not to keep all my money with one offshore broker. so far im hitting home runs with offshore brokers and was able to escape tallinex and capital city markets before they became scam brokers
EDIT: i also check forums every day the main part i review if a trader post they havenāt receive their withdrawal i then go to my broker and ask them to address the issue and they always do.
That is why I paid great attention to your list.
Save a lot of my home work.
Thanks for your good job.
So many variables here. Using MT4 or using MT5 ?
Lots of symbols selected, generating "saturation traffic"
on your downlink? All of these factors matterā¦
Get a dedicated server at a good provider, and youāll
most likely not have these problemsā¦ well, maybe notā¦
So many things in this forum unspecified like that are
comparing things like āapplesā with things like āorangesā ?? LOL
hyperscalper