Going offshore to escape the CFTC

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A newly introduced element or factor that changes an existing situation or activity in a significant way

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In 4 minutes it reached your wallet?! Or itā€™s just approved?

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Is conexx still no fee for deposit/withdrawal?

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Reached my wallet in like 22 minutes

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No, they reimburse deposit fee (only transaction charges) up to some small % of deposit amount. Thatā€™s good deal too.

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Wish coinexx had trc20 supported too. Idk why they donā€™t.

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whatā€™s your execution time in coinexx? Iā€™m testing it on mt5 demo and even though my ping to server is just 92ms but my execution time is around 1100ms. Thatā€™s huge latency. Anyone on real account can report please?

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what role would ā€œAIā€ play in speeding up transfers? auto-filling the boxes on their forms?

or your withdrawal is what triggers analysis of your trades since the last withdrawal request, to see if any are problematic for that broker? and AI somehow speeds up that analysis?

meta did just make Llama 3.1 availableā€¦

Btw, I use my Trezor wallets to send USDT via ETH network, the speed is faster and cost is around 50-60 cent per transaction these days, which is way cheaper than what i pay when using TRC network on Crypto exchanges.

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But thatā€™s irrelevant anyway coz Coinexx reimburse transaction fees of up to 3%

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Not sure what all Coinexx checks but I would imagine that any broker must we watching for some standard validations to detect for fraud etc before processing withdrawals. So they might be using some automation tools for their validations and glorifying it as AIā€¦ lol.

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I had once raised a withdrawal while i was vacationing on a cruise :smiley:
and got a call from Coinexx saying - the area from where I have raised a withdrawal is more than 50 miles from the area where I usually log-in from and to verify asked a few questions like my last deposit/trades etc. How could they automate such validations?

I didnā€™t know about that. How do you get the fees back ? You need to raise a ticket in support ?

Donā€™t know if Iā€™m mistaken your question.

Could it be the automated process includes security measures

hi anyone using plexytrade broker ?

Stop levels have not come up for me, so I canā€™t answer your question.

Yes I was wondering how Coinexx could take these measures automatically, but they might have some ways around these steps.

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Why do we care what internal processes brokers follow (no offence) as long as we are getting instant withdrawals.

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Because if they are changing their ā€œinternal processā€ of trade analysis, we might end up with certain trading styles being rejected under the banner of ā€œAIā€, and end up with 60 second trade duration requirements (like Capital Street FX and others) which may or may not affect their clients.

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I heard about this prop firm competition and thought some here might be interested. The only reason Iā€™m sharing it is because thereā€™s no cost. This seems to be an actual prop firm thatā€™s looking for winning traders and not some bucket shop that charges money for ā€œchallengesā€. You have to be a US resident and thatā€™s what made me think to post it here. You need to show some kind of P&L to be considered. If you perform well in the competition, they might offer you an opportunity to trade some size.

Rules are here:

https://www.gelbergroup.com/thebreakout/

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