Going offshore to escape the CFTC

I’ve been waiting for someone in the Crypto rocket, Cederfx, ProperityFX, Hugoway, Eaglefx, Kot4x, Sagefx, Fxsway, nash markets, Osprey bucket to support USDC/TUSD/USDT/LTC/XRP.

Wait… is it only deposits and not withdrawals?

Edit…
We currently have Bitcoin (BTC) as a withdrawal method.

Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Tether (USDT/ERC20)** deposits can only be withdrawn back via Bitcoin (BTC).

Looks like I’m back on the sidelines waiting.

3 Likes

Sage FX traders can withdraw funds from their account via Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE), or Tether (USDT). Through this method they can avoid the stress and inconvenience of dealing with third party institutions.

I Believe you know what group their in

Just doing a follow-up from another member post, have any of you guys tried ospreyfx funded account challenge?

Interestingly, kot4x also has their own funded account business.

Just did the same recently with LQDFX. Swaps are lousy too. Turnkey/Coinexx spreads on US30 aren’t bad. Any better than those?

Wanted to ask if anyone here has experience with Fxview? Somehow they have my email and I received this today. I’ve never heard of them until now.

from: Fxview [email protected]

We are delighted to share that you can now deposit instantly via Bitcoin from any of your crypto wallets.

  • Start as low as $5
  • Instant Deposit & Withdrawal
  • 100% Deposit Bonus
  • Zero Transaction Fees
1 Like

I just saw this after writing a post that I withdrew from LQDFX. Are they a trusted broker here? Seems more than a few of us aren’t pleased with their execution, spreads and swaps recently.

Prosperity is mostly under 2 on US30 and 1.5 on NAS100. Funny about LQDFX, I did have my withdrawal within 24 hours and spreads on US30 since have been great, today they were under 1. Not sure if that was a fluke day when they were up around 9 or they were just manipulating my spread as I pulled 38% my first week with them ONLY scalping US30 and NAS.

2 Likes

guys anyone currently trading with turnkeyforex can confirm if they sending daily confirmation(statement) emails to them or not please?

im not receiving them and their support insist that they are sending me daily confirmations.

I trade turnkeyforex and I didn’t get email confirmations.

thanks , good to know , so they dont send them to other clients too. they keep saying me they send them and its from my side if i dont receive them!

Nice… Nash, Prosperity & Osprey support alts in but not out. Sage seems to be the only one both ways.

2 Likes

the rest will follow, give it time

1 Like

Signed up for Sage yesterday… The dashboard supports alt deposits & only BTC withdrawals just like the rest. Hopefully, the white label they are all using will add support for alt withdrawals, then most of them will support it.

1 Like

How did you pass the FTMO challenge if you only grind out 1.5% per week? The challenge is 30 calendar days, so after a month you would only have 6% or so of the 10% needed?

The 1.5% is once passed and trading the live account.
Passing FTMO requires some adjustments (increase risk) to get through phase 1, however they now offer 15 day extension as long as account is up at least 5% with 3 days remaining.
MFF, in all reality, with the extension gives 60 days, and only asks 8% so much easier to pass as less risk needs to be taken. Can trade just like you would the live account even in the evaluation.
FTMO took several attempts (mostly free retries) to pass.
I approached the prop firm business a bit different than most, I set aside a sum of profits from my personal trading and this was my start up cost…it allowed for purchasing and failing(paying again) several times. Thought process here is once funded, by first or second payout, all costs are recovered and you are in profit. Much quicker than it takes most businesses to be in the black.
Of course, one must be 100% confident in their edge, knowing that failure was just timing and you took the challenge at the wrong time for your trading. After all, even the best traders go on bad runs now and again.
I was extremely fortunate as I didn’t even put a dent in my “start up costs” to accomplish what I needed. I initially failed two simultaneously, completely my fault, had a huge day, closed my profitable trades and left a couple red trades running and immediately violated daily DD when it reset. I was also trading way to large. Account was like 7K in profit when I violated. I then failed a third, but was in profit and got a free retry…the rest as they say is history as all funding across FTMO and MFF has come from reinvested profit splits and hen of course fee is returned on new accounts and so on.
This is tough at first, no doubt, but once you secure your first account and reinvest, it scales real quickly.

3 Likes

They are listed as a trusted broker aren’t they? But trusted off-shore broker…isn’t that an oxymoron?

I have been looking at these guys and a few others. Do they pay out and do they do it quickly is the question. Reason I came here and joined the forum today.

I’ve heard they (off-shore brokers) don’t like it if you’re a money maker. I suspect not many can really give info on this as the majority don’t make money.

Many people have drawn large amounts of money from lqdfx and you can also see it on youtube and read their reviews to see that paying is not a problem.

You sound like another person who creates multiple accounts in order to bash offshore brokers

Do they do it on a weekly basis and do they payout quickly? Are you speaking from personal experience?

No, I wasn’t bashing. You need to take a sedative the way you respond to people. I’m not really surprised though.

I saw your posts, where you promote brokers with affiliate links btw, and thought I’d ask. I kinda regret it now.

I don’t recall anyone here having a problem with withdrawals from LQDFX and I’ve never had a problem with them either. They just aren’t as competitive on some instruments as other brokers. You have to constantly shop around and move money where it’s treated best.

My experience with unregulated brokers has been mostly positive. The only brokers that have stolen my money were “regulated” American firms. CFTC and NFA didn’t do anything substantial to make it right (no surprise).

The unregulated brokers have much more competitive trading conditions than any of the regulated firms- It’s not even close.

Trading with a US, EU or AU broker requires 10x more cash up front, not to mention the enormous spreads and carry cost. Anybody trading with Oanda or other regulated brokers is getting fleeced. Their compliance costs are too high and trading with the FIFO rule and no hedging? Forget it.

3 Likes