Going offshore to escape the CFTC

Yeah, I do the same. Fixed stops for volatile markets, trailing stops when the market’s trending or when I expect the price to keep moving in my favor. I also adjust the trail based on volatility—if it’s too tight, like Mike said, it can knock me out too early.

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We have opinions from two members. I was expecting more of a response than that.

I would like to hear from the rest of you on adding Ox Securities to our List.

Hey everyone, I’ve been seeing a lot of buzz about OX Securities on here lately. On the other hand, I just came across another broker DuraMarkets. So far, they seem pretty legit—great customer support with real people, and I found their spreads to be solid compared to other brokers. They also claim to offer quick withdrawals. Anyone else tried them or have thoughts? Would love to hear!

Hello Michael,

Please comment on this disclaimer from DuraMarkets (Mawali) -

DuraMarkets Ltd does not provide services to residents of the United States of America, Afghanistan, Belarus, Burundi, Cuba, Congo, Sudan, Sri Lanka, North Korea (Democratic People’s Republic of Korea) and Yemen. This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

Are you a U.S. resident with a live account at DuraMarkets?

Thanks for your participation in this thread.

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America is not a listed country but you can select other and proceed to sign up

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Maybe this has been asked and answered before but I will ask anyway. :sweat_smile:

Offshore brokers requirement for KYC (SSN, US Passport #, etc). Do you give them “everything”?? I mean can you really trust them with your personal data? :grimacing:

The reason I am thinking about opening an account with one of those brokers found in the Group 1 list is because I have an account with a broker in US, and they charge USD $16 per standard lot round turn and I want to reduce this.

Just tried oxsecurities, it looks like there mt4 mobile server dosnt work and you can only use web

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Yes, I am already trading with them now.

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Ox securities already disable mt4, they have their own app called Ox Securities, most broker already started to abandon mt4, plexy also getting their new app called TradeLocker but still coming soon, coinexx also has their own web trade app. It’s just a matter of time now for mt4. Probably not abandon mt4 but they preparing to use their own app

Let’s enjoy MT4 in Coinexx for now…I am loving it.

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There are fewer older participants in this thread now, but hopefully, we can attract some new ones who can push the thread forward.

Continuation is essential. :+1:

Yes true, we need to keep this place thriving, as its always been. All kinds of updates are welcome folks :slight_smile:

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Did anyone get this mail? Coinexx has partnered with Market101 for copy trading at 20% discount for their clients

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Just checked their website. They have copy as well as manual trading options. Has anyone used them? Market101.com

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Copy trading is appealing to me, but I haven’t tried it yet because selecting the right professional trader to copy seems challenging.

I saw mention of Ox in this thread and loaded an MT4 account after KYC. Took five minutes.

Why are you saying it’s disabled?

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Which broker is charging $16/RT?

How is this going?

Totally get that! Copy trading can be super appealing, but picking the right trader to follow can feel like finding a needle in a haystack. But once you find that needle, it’s a game changer. Just look for an expert whose style matches yours and check their track record. Maybe start with a few demo trades before diving in?

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Coinexx announces real time withdraws in a few minutes but that’s a bit misleading.

Today, at 6:45 London time, I requested a withdraw and it took 45 minutes to process (and I’m not sure if it was accelerated because I contacted support).

Don’t take me wrong. 45 minutes is fantastic compared with competition, but their promise should be something more like up to 1 or 2 hours (and that would still be great), instead of “real time” or “in a few minutes”.

After 15 minutes pending, I contacted support and they said that sometimes, due to a lot of requests, they may take up to 1 or 2 hours.
I doubt that at 6:45 London time they have so many requests. Furthermore, their email says that it can take up to 48 hours, which is far from real time.

I got a call from them saying this was wrong and will be corrected. Let’s see.

Last time I had a withdraw, more than a month ago, I saw the same thing. About an hour to process and still the same email.

Something not nice, as well, is charging well above what costs a crypto transfer. This was 2.000 USDC withdraw and I only got net 1987 USDC.

My USDC address is a self custody one, so there is no exchange costs involved on my side, just the normal ETH ERC20 network gas fees.

At that time the gwei were 8.145 and gas fee was only $1.46.

USDC was at parity so no exchange differences.

So I “lost” $13 from 2000 to 1987 and they only paid 1.46 for the transfer.

This seems just an easy way for Coinexx pocketing about 10 USD per withdraw, despite they announce free withdraws. Free withdraws, for me, is just charging gas fees and not an excuse to overcharge. Not huge amount, I just don’t like false promises. And the same happened last time as you can see in the link above.

In that past withdraw they reimbursed me the difference. This time I simply don’t care. I have no time to fight over 10 USD. But there is a clear pattern of overcharging gas fees and saying it’s “free”.

Agents only reply with canned answers saying it’s exchange fees. The one last time didn’t even know what a self custody address is and that there was no exchange involved, like Coinbase, Kraken, etc. It was very tiresome to explain that. This time I will just let the lie pass.

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