Going offshore to escape the CFTC

Broker Discussion Forex Brokers
12735

I been with cedarfx 3+ years

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12736

USDC now on Robinhood

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12737

Which of these CFD sites has more than 5x leverage on crypto? any of them?

12738

Does coinexx still have the tightest spreads?

12739

Spreads don’t really matter if you’re swing trading though do they?

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12740

Yes.

My trading style, which is swing trading, doesn’t demand lower spreads, therefore I can manage with cedarfx’s greater spreads with my same-day withdrawals :+1:

12741

Same day withdraws is a huge plus. Hasn’t Coinexx been a little slow on processing withdraws lately?
Giving Cedar a look now, but for some reason it will not send the verification code to my phone.

12742

That’s what was posted on Forex Peace Army. I tried trading with them once more after they took 7 days to process my withdrawal, even though my new withdrawal was processed in 4 hours, I stopped using them after that.

12743

Good reason to stop that’s for sure… Yeah I don’t know what’s going on with Cedar. I’ve resent the verification code multiple times over with no success. I’ll have to email them or something

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12744

Live chat is available 24/7, so you can get help right away.

12745

Yeah for some reason when I click on live chat it just keeps me at this loading screen with a rotating circle. I emailed them and requested a call though.

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12746

could that be computer problem?

12747

You guys see that apple has removed MT4 and MT5 from Ios. All “regulated” US brokers have removed MT5 as well.

12748

No, I haven’t seen that. What do you think is going on?

12749

Something about the CEO of metaquotes aiding Russians getting money out of Russia. I’ll see if I can find the link.

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12750
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12751

If it’s sanctions related Android is next… and brokers in G7 countries dropping it too.

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12753

I’d seen that I think it’s because it’s a Russian app

12754

Very interesting… MT5 is still in Google Play store and still in AMP Futures (best I can tell by looking at demo).

I wonder what is the specific issue.

12755

Well, first they took our hundreds of brokers away, then when we all went offshore they took all of our payment processors away, now if they take the platforms away…well…mission accomplished.Fortunately, they will still allow folks to risk their life savings on blackjack, roulette, slots, lottery tickets and now in most states sports betting. Everything where the odds are stacked HEAVILY against you, but hey…no way we are going to let you risk money on something you may actually have an edge in your favor…

3 Likes