If you are concerned about Bid/Ask spread, commissions and execution
latencies; then they beat FXChoice. For other qualities, there are lots of
peeps in here who like FXChoice. So are your priorities purely technical
or are they related to other things a broker may offer ?
For hard-core scalping, so to speak, Coinexx offers by far the best deal.
This is especially true for commissions.
hyperscalper
Would you also say Coinexx has faster withdraw times? Its sounding like all the brokers are falling just a little short of Coinexx in every category 
Honestly, I’ve been focussed on other things, but whenever I’ve
withdrawn using a crypto like LTC from Coinexx; it’s fairly pronto.
However, there are a lot of variables possible, and I haven’t
checked lately what Coinexx currently offers.
My main concern about all of these brokers, especially Coinexx
which began as an anonymous broker, and has now morphed
into KYC and may at any time disallow U.S. persons…
But that is a far more general concern which I’ve expressed
elsewhere, as to just how long can you count on access as a U.S. person ?
When building a business, you must know that you won’t be kicked
off, and lose your ability to trade.
So maybe other brokers, such as Tradersway or FXChoice can give
you assurances on the business side; which transcend or over-ride
the purely technical considerations of execution and cost. Capiche? LOL
[edit] I guess technically it’s spelled “Capisce” in Italian… 
hyperscalper
Capisce! My next question was going to be about that lol I’ve never been with an offshore broker so it’s all a little new to me. What happens if they stop allowing US clients? Do I lose all the money in that account?
No, but you’d be closed flat; and forced to withdraw all of your
account balances. They typically wouldn’t just steal your money
Let’s have some optimism about humanity !! LOL
[edit] Evolve dot markets was something I was enthusiastic
about, and created lots of accounts. They later went KYC and
forced all U.S. persons out. The same could happen with
Coinexx; but their technical advantages keep me with them…
It’s just the general insecurity about continued access and
trying to build a scalable business on the back of a provider
who may be forced by THE NANNY STATE as we call it,
to refuse service to any U.S. beneficiaries.
So I can’t scale up an operation seriously with Coinexx
and so I feel “in limbo”; and am looking at Offshore entities
as a possible final solution to this whole issue of what
I would call the Disappearing Brokerages from a U.S.
person’s perspective… Ya feel me? Cuz everyone in this
thread feels it I’m sure… 
hyperscalper
POCKETOPTION VERSUS CLOSEOPTION BINARIES
After working with these for a while, I’ve noticed a KEY DIFFERENCE
That is, that CloseOption (over Forex) very precisely uses the midpoint
of the actual Forex pricing as the Strike Price.
In contrast, Pocket Option DOES NOT. Instead, their Strike Price
is calculated (most likely) by the balance of outstanding Options in
their market. This can be several PIPs away from the Forex price
itself. This makes it a very different game, and a bit more of a
"game" if that makes any sense ! So while the Forex price
is not moving at all, PocketOption strike pricing will be wiggling
quite a bit… unsettling? or “opportunity” ? Certainly not based
on any analytics I have…
Also, I see that PocketOption offers basically 2 minute, 3, 4 and
5 minute options durations. Basically each one has a “dead
period” 30 seconds prior to expiration during which no trading
is permitted.
So, although PocketOption prices will be fundamentally influenced
by the underlying Forex Price, it will also deviate from it; due to
a proprietary algorithm the Options broker is using for Strike Price.
[edit] I keep learning things about PocketOption. They offer contract
durations from 2 minutes out to 4 hours ! Also, then do have a form of
a Limit Order, so that orders can be specified according to simplified
conditions to be triggered pending later… Nice.
[edit] possibly I caught it at a time when the Forex markets were
rolling over; and that’s why PocketOption’s prices were so divergent,
since they are synched up now… Hmmm.
hyperscalper
hi Grandpipmaster, will you trust them for a 7k account, or you would suggest a smaller one ? I think if they are trustworthy then why open small account? thank you all for your efforts and time to keep this thread rolling.
Hi,
The way I work my trading is this… My actual “trading capital” I keep 70% in my bank account. My risk per trade is dependent upon that amount. I use two brokers, Tradersway and FXChoice. TW is less expensive but I use both for risk aversion purposes. The balance I keep with the brokers is only what I “safely” need for margin on my existing trades. My philosophy is if something goes wrong, I am still in business with 70% of my capital intact. One a month, after I take my profits, I adjust all the balances at both brokers and my bank to get back to the 70/15/15 split (Bank/TW/FXChoice). I know less expensive options are mentioned on this thread, but I have used TW since 2015, they’ve been in business since 2010-2011 and FXChoice has been around since 2012. Once these other brokers have 5 years I’ll split the risk among more brokers.
I see. that’s interesting, how is your experience trading US stocks / metals with TW or Fxchoice ? have a great day,
Hey, I’ll reply to my own stuff This is to
clarify that most of the time these Binaries pricings are
very accurate to the underlying ECN pricings.
For FOREX pairs, PocketOption has 2 apparent designations:
e.g. EUR/USD would be the one which is quite nicely synchronized
with the ECN pricing, but
EUR/USD OTC appears to be a designation when the "pure"
EUR/USD is somehow unavailable.
So these so-called labelled OTC versions of the symbol are not
necessarily well synchronized with “real” ECN pricing, and that is
what I saw briefly.
Bottom line is that PocketOption pricing as well as CloseOption
pricing is very well synchronized with the “real” ECN tick by tick
pricing; and so if you can predict the ECN, then you can predict
the Options… that’s my main point here.
And both of these are accessible to U.S. persons, as a Risk Management
tool over the underlying Forex.
hyperscalper
Hi SmallPaul,
Have you ever try PrimeXbt exchange?i just checked their website, and where you can trade forex indices crypto and more using bitcoin only. If anyone know anything about this exchange please let us know your experience? Ty.
It doesn’t look like they have MT4/5 options or an API. That’s too bad.
I have them. Pretty good overall. But your account is in bitcoin so as btc fluctuates so does your account. I’m not trading crypto so the fluctuations were a turn off, however like all crypto exchanges, accounts being in bitcoin is not new. No api and can only trade via their platform. Withdrawals are done once a day and small spreads.
I don’t like having my account in crypto, maybe others here can give feedback
Briefly covered this a while back. I took a look, but ended up passing. I forget why. Probably spreads/low volume etc… There are better options for trading crypto.
Regarding account currency, generally speaking, it will depend on the broker/exchange and what is being offered. Some brokers/exchanges offer trading of derivative products such as CFD’s where the underlying asset may be a product that is purely representative and not the actual currency etc. that is being traded (e.g. XBT instead of BTC).
However, some exchanges offer peer-to-peer trading of the actual asset (without margin), so if you wanted to use BTC to purchase LTC, for example, then you could do that and withdraw that directly to your wallet. In such cases, you actually own the asset and can withdraw it. For some, this is advantageous, regardless of valuation fluctuations.
CLOSEOPTION BINARY OVER FOREX OPTIONS REVISITED
Too bad we aren’t a thread in the business of vetting the accuracy
and trustworthiness of Binary Options brokers…
Cuz, I’ve been doing hours of critical micro-scalping triggering on
that platform and it is nothing short of amazing in its execution
accuracy. [edit] I am not amazed that often, for the record…
I don’t get kickbacks for recommending it, but am on record as
advocating that Forex traders have a CloseOption account as a
Risk Management toolset. As they say That’s my Story and
I’m Stickin’ To It LOL
Again, this is relevant because they are KYC U.S. Friendly…
Just sayin’… Be there, or be Square?.. something like that 
[edit] Elsewhere I’ve been discussing News Event Trading, and having
a reliable Binary Option over Forex would be one of the most
valuable Risk Management tools which make News Events
more approachable, in volatile environments.
hyperscalper
What is everyone’s favorite method to withdraw?
Personally, my favorite way to move money right now is with XRP or XLM. It is very fast and costs very little.
cryptocurrency
are these new brokers?