I’ve had a bad experience with a broker before—my withdrawals took 2 to 3 business days, which felt like an eternity. In contrast, I’ve found that crypto payments are often much quicker and more convenient. Instant withdrawals in stable cryptos would definitely be my preference for faster transactions. I have been happy with Coinexx and their instant withdrawal system from some time now.
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Nowadays, all brokers should process withdrawals within four hours, including weekends. 80% of my withdrawals up to 100k have always come within 4 hours, even on weekends. It can take 8 to 12 hours for withdrawals over 100k, but even then, they have come within 6 hours at times.
The norm should be same-day withdrawals.
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I agree with you!! Giving instant withdrawal is a great need in the industry and only handpicked brokers provide it. I usually do scalping and wish to move my money quickly between the trades… I really like the fact that I get my withdrawals processed from Coinexx in 1-2 hours and sometimes I trade with XM and they process withdrawals in 24-48 hours. I think a trusted broker should always process withdrawals instantly.
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Coinexx, so far, so good. The first withdrawal of $430 took 45 min to be in my bank account. 
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Good to hear, I’m sitting on the sideline because they told me they offer 500:1 leverage on certain exotic pairs, on pairs that were previously limited to 200:1, those pairs are still 200:1 leverage.
They were more interested in getting my money than telling the truth.
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Does anybody know anything about CFTC whistleblowers? Any experience? When should you get a lawyer?
Most whistleblowing programs are for financial crimes dealing with former employees or someone having a connection to the company that involves millions if not billions of dollars.
The feds won’t make a deal with you if you don’t have a lawyer, this cover the fed asses and confirm you understand the deal you made.
A former whistleblower is not lurking in a forum like this answering questions about whistleblowing.
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I have been thinking about switching brokers, so I thought about deciding basis a comparison of the reviews. I looked at Plexytrade, Coinexx and Ox Securities and a few others from this discussion. Some are quite bad while most others seem okayish, although Coinexx seems better than the lot considering the age/date and the number of its reviews.
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I’m surprised there’s an offshore, high leverage, MT4/5 CFD broker that can process ACH? It’s the only one I’ve ever heard of in all my years of trading. It’s only been crypto for me going on ten years now.
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We are less than a week away from the fourteenth anniversary of this thread on the Babypips forum. I want to take this opportunity to acknowledge and thank all of you who have made this thread the go-to site on the internet for reliable information on the best US-friendly offshore forex brokers.
To the long-term members of this thread, you are the guys and gals who have done the heavy-lifting, in finding and vetting the high-quality brokers we have added to our List over the years.
I want to specifically acknowledge the work of SmallPaul (his real name is James). He has stepped up to become the de facto moderator of this thread, and it’s a better thread because of his efforts. Thanks, James.
Special kudos to the newer members of this thread — caffelatte, MarkinTn, Alpha_John_12, and others — for bringing new energy and new ideas to our work here.
Speaking of which: caffelatte has mentioned Ox Securities (St. Vincent and the Grenadines) several times over the past month. Not only mentioned Ox, but dived in, opened an account, made some deposits and withdrawals, and reported the results here in this thread. So far, those reported results are favorable. That’s exactly the sort of research and due-diligence we have been advocating for fourteen years.
How do you people feel about adding Ox Securities to our List?
Please weigh in with your opinions.
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Having to rely on offshore brokers for my livelihood, I have a keen interest in a thread like this. Thank you for creating this valuable thread for me and others to benefit from.
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Big thanks for the mention @Clint! I’ve really enjoyed the conversations and insights in this thread. It’s been a great space to learn and grow with everyone. Excited to keep the discussions going. Cheers!
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14 years…Wow so cool. Thank you @Clint @SmallPaul (James), and all others for being such strong pillars of strength in this forum…Many more to go…Cheers!!
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When it comes to offshore brokers, there’s always something new to consider—like internalization practices, have any of you heard about it? It’s where the big forex dealers match client orders internally instead of sending them to the interdealer market. On the surface, it seems pretty sweet—faster execution and possibly lower fees for the customer.
But here’s the catch, by keeping those trades in-house, big institutions might mess with price discovery since fewer trades are happening out in the open market. This could create an info gap, where only these big players know what’s really going on, leaving smaller traders or retail folks in the dark.
So, what do you think—fair practice, Does it really help the market, or does it hurt transparency for everyone else?
Basically, this is what we do, And based on his experience, which is positive, I suggest we put Ox on our list.
Interesting take! Internalization could definitely offer faster execution and lower fees, but the potential impact on price transparency is concerning. It seems like a trade-off where the benefits for big players might come at the expense of smaller traders who are left with less market visibility.
U.S. Brokers have been doing this for years and continue to do so today, and it was Oanda’s business model, they stated that themselves.
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Great point about internalization! I feel like internalisation does offer faster execution and lower fees, but it can really mess with transparency. When big institutions keep trades in-house, smaller traders often miss out on important market info.
On a different note, I’m currently evaluating my approach to managing trades, specifically with stop-loss orders. I’ve been using fixed stop-losses for a while, which clearly helps me limit my losses. However, I’m considering switching to trailing stops, though they can sometimes exit a trade too early due to market noise.
So I want to know…….how do you guys decide between the two? What factors do you consider, and how do you handle the balance between having a clear exit point and maximising your profits?
From my experience, fixed stop-losses are great for discipline but can limit upside potential. Trailing stops offer flexibility, but they sometimes trigger too soon in volatile markets. I’ve found adjusting the trailing distance helps—keeping it tight in calm periods and giving more room when volatility spikes. It allows me to stay in trades longer without getting stopped out too early.
Have you considered tweaking your stop-loss approach like that? It might help you balance risk while still capturing those bigger profits.
Fixed stop-losses are great for controlling risk while trailing stops can help capture more profit in trends. I use fixed stops in volatile markets and trailing stops in trending ones. It’s all about balancing risk and market conditions.