I agree. All terms should be clear and not vague. Instant withdrawal actually means no more than 5 mins lol… btw does any one have experience with Duramarkets.com? They have 1000X leverage, MT4 on mobile and they say - 1 hour withdrawals. I’m currently testing their Demo account and it seems promising.
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I’ve been using DuraMarkets too - 2 months now. To be honest, I didn’t expect much at first, except that they have MT4. But it’s been a good experience so far. The 1000X leverage is definitely a plus, but what has really impressed me so far is their tight spreads. But I am still keeping my account size low, being over cautious. If anyone has a larger account with them, they can share their experience here.
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Leverage can be a powerful tool when used properly. It allows traders to maximize potential returns, even with smaller capital, which can be especially useful for those who want to take advantage of market opportunities without tying up a lot of funds. Tight spreads further enhance this by lowering costs, making it easier to profit from quick moves. If you’re confident in your strategy and manage your risk, leverage can definitely work in your favor. I’m curious to hear from anyone using higher leverage—how has it impacted your trading?
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I’ve been with DuraMarkets for a few months as well, and my account size is in the around $7k. Like you said, the tight spreads are a real advantage, especially when trading pairs like EUR/USD, Dow Jones—I’ve seen spreads around 0.3-0.5 pips during peak hours, which helps keep costs down. The 1000X leverage is useful, but I’ve been cautious with it too. Its available till 10k account size.
Overall the execution speed has been reliable for me, and I haven’t faced any major issues with withdrawals. I’m happy with my experience, and I think DuraMarkets is stable enough for those considering larger accounts. I’d love to hear from others with bigger accounts about their experiences!
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Cryptorocket is closing, another broker I had used in the past, I still trade with Longhornfx but they no longer accept U.S. Residents.
Dear User,
After many successful years together, it’s time for a new and exciting chapter. We’re reaching out to inform you that LonghornFX, a broker that has recently acquired a regulatory license in Mauritius, has now acquired the CryptoRocket client database and CryptoRocket will cease trading on October 31st . While we will be saying goodbye, we are confident that this transition to LonghornFX will provide an even better trading experience.
What Does This Mean for You?
You don’t need to take any action; your account details and remaining funds will be automatically transferred to LonghornFX . Any open trades will be closed automatically, and any funds in your CryptoRocket account will be securely moved to a vault on LonghornFX on the weekend of November 2nd . If you prefer a more hands-on approach, you can withdraw your funds to LonghornFX by creating an account before October 31st. This option allows you to transition early and explore the features of the new platform.
We want to reassure you that this transition is designed to offer you enhanced trading benefits while safeguarding your interests. Your account with CryptoRocket remains secure, and LonghornFX adheres to stringent Mauritius regulatory standards , ensuring full compliance and security of your fully segregated funds.
Key Points:
- You can also choose to withdraw your funds to LonghornFX yourself by creating an account on LonghornFX prior to October 31st. This option allows you to complete the transition early and explore the new platform’s features.
- CryptoRocket Closure: October 31st, 2024: You must stop all trades and withdraw your funds from CryptoRocket before this date if you wish to handle the process yourself.
- Any remaining funds or open trades by October 31st will be automatically closed by us and transferred securely to your LonghornFX vault.
We’re confident that you’ll enjoy the enhanced security, advanced trading tools, and innovative features LonghornFX offers.
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Just loaded DuraMarkets VIP account on MT4. Nothing special. Average spreads on majors about the same as Coinexx. XAU a little better at 12 vs 17 for Coinexx. Best thing we saw was the $2/RT commission. Going to keep an eye on their spreads, but for now, nothing compelling to fund an account.
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I also noticed that, they even have the same leverage on their exotic pairs as well as the same on other products, they both might be using the same service / prime broker which is good.
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Wow…such turbulent times…I am wondering which brokers are left now that offer MT4 and/or MT5?
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Yeah nothing special…EURUSD spread is normal only, 0.2-0.2 spread…They are also offering 1000X leverage- but anyway I do not use that kind of leverage, as I dont like blowing up my account…lol
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I’ve been trading for some weeks now and tried scalping a bit. Anyone else into it? Too much leverage, and you’ll blow your account fast. I usually stick to pairs like EUR/USD for tight spreads and keep an eye on risk. Being glued to the screen is a task itself… Haha. I am currently exploring more about it, anyone has suggestions… so that I can level up my game?
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Scalping can be intense, but there are ways to make it work better. Focus on keeping your sessions short—maybe just a couple of hours—to avoid screen fatigue. Also, consider using different time frames; I often check the 1-minute for entries but keep an eye on the 5-minute for context. Keep a trade journal to track your entries and exits—it helps refine your strategy. Those small adjustments can boost your performance!
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Scalping as a beginner is a bit wild 
, but you would know yourself. There are additional assets with tight spreads such as all major currencies and the three major US Stock indices, of course, this depends on the broker you are using, make use of it. If you think that you are using too much leverage, then double down on your lot sizes. The recommended risk are usually 1-2%, but as a scalper myself (scalper, intraday, swing and position), I risk 0.13% per trade when scalping, to maximise leverage efficiency. Scalping adds up, so I’m comfortable with that. Trailing stops and breakevens should become your friends, when scalping (more or less with each trading style), but given the level of noise etc., protect your account. Commissions adds up as well. If screen time becomes a challenge, after testing your strategy successfully, try to have it coded, to aid you in that endeavor. Or, trade for a few hours. take a break and come back. Most traders when glued to the screen forego nutrition and other basic needs, listen to your body.
Best of luck to you!
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I use only low spreads brokers for Scalping…like I have been using few of the trusted brokers…recently diversified with Duramarkets. Their spreads are great but swaps are high. If spreads are thin, then scalping can be really rewarding. It’s great that you’re keeping your risk at 0.13% and using stop losses, I try to keep it around 1%.
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Sway and Hanko I would personally stay away from… heard enough horror stories.
Just wanted to come here and share some personal experience with CryptoRocket broker as they stopped all trading and say they have been acquired by LongHornFx. Feel compelled to share since I have gotten so much value from baby pips and this post since I started my trading journey in 2016, and since I got a email from CryptoRocket about being bought out by LongHornFx that I noticed today.
In my trading journey that started almost 10 years ago now, there’s has been lots of profits and losses. More losses than profit in the first few years. Got serious about trading and started studying and learning a lot.
Started to make profits on my regulated US broker but eventually felt held back with all the rules and regulations. Tried a few unregulated ones from this amazing post and ended up stumbling upon CryptoRocket. Signed up and started trading. Mind you this was still in my having more losses than profit phase. With time ended up depositing thousands into CryptoRocket, about $6000 in total.
Had a lot of losses that were all my fault based on my risk management back then and lack of experience and knowledge and what I consider a most important key part which is, understanding.
Fast foreword a few years to 2021. Deposited $200 into my CryptoRocket account and started to trade.
Within a literal span of less than 24 hours I turned my $200 deposit into $41,000 thousand. I was beyond words. Was finally going to have my first huge payout and recoup all the money I had deposited into CryptoRocket. Or so I thought.
I closed my trades in profit! My balance on Mt4 and in CryptoRocket client portal displayed the correct amount. Thought my life was about to change. Decided to go to sleep after being awake and glued to my screens for about 18 hours straight.
When I awoke i immediately got up to withdraw all my profits to my Bitcoin cold wallet, open Mt4 on my mobile and had a mini stroke when I see my balance displayed as $0. I start to panic, log into CryptoRocket and it also says $0. Check trade history and it’s all empty everywhere. Get in contact with support and long story short they claimed my account was liquidated basically because of margin called and was shown trades were opened on my account after I had closed all trades in profit. Mind you these trades where opened after I had gone to bed and the trades where not made by me. I was devastated but there was nothing I could do about it. I avoided all off shore brokers that take USA clients after that day.
I have all the receipts and evidence. I have video proof as well as I was recording my MT4 client on PC as well as screen recording my mobile MT4 app if anyone is interested in seeing my ascent into $41k profit from $200 dollars. As well as the proof that all trades where closed in profit and there were no active trades or pending orders to be triggered.
I am now a profitable trader consistently enough for the last 5 years that I was able to quit my day job and trade for a living. I am grateful for my regulated USA broker that actually pays me my profits.
But alas I have come back to baby pips not only to share this story but to yet again try to find an off shore broker! Preferably one that actually pays out…
So please if anyone has history with any one of these brokers and have consistent pay outs of $10,000+ please point me their way as I am lost on which one to try now after my experience a few years ago and hopefully have a better experience this second time around.
Thank you.
You turned 200 into 41,000 within 24hrs went to withdraw and there was nothing in the account.
what took you so long to tell your story?
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Sorry posted earlier without understanding how the forum works. Some few screenshots should be showing now.
Wow good question. Honestly back then it was a shameful sort of thing. Hard to describe the feeling. Only my partner and a few friends know about this. Back then I also didn’t know what things I could have attempted in the context of law but regardless I felt confused and bewilderment. Anger. Lost. A bunch of feelings. Almost cried at one point.
I also just figured, okay this is what happens when you don’t use regulated brokers. I had tried a few other ones but used CryptoRocket as my main. Never did any amount of withdrawals on CR though. But had successful withdraws on a few other ones like Coinexx, EagleFx, and ProsperityFx, these withdraws on these brokers were all what I would say are small amounts of $1k through $6k. So that gave me confidence and hope that eventually I would be able to make my first withdraw from CryptoRocket.
Coinexx was my first one I tried and did my biggest withdraw from back then 2nd biggest was Prosperity Fx. So when this happened I just figured, okay forex is filled with scammers and crappy bucket shops operated by scammers as most people will just lose money not make money. Made me lose trust in all these brokers.
Started thinking that some or most or maybe even all of them might let you make small withdrawals but as soon as you hit it big or get lucky they don’t want to pay or can’t pay. Or come up with any sort and type of excuse(anyone remember when oil went negative? A lot of the brokers flat out refused to pay those who profited big amounts) I honestly don’t know I’m still to this day hesitant to try. I honestly feel like some of these brokers may just not have the funds and ability to pay someone $50k etc in a crypto transaction.
On that note I will say stay away from hanko trade. Not sure if they are still even active but I can confirm at least back then they are shady. Me and some friends almost bought a white label from them as we were interested in starting our own broker and we had a very large telegram group where we suggested HankoTrade as the preferred broker of use to our members until we ended the relationship.
Also didn’t want people to make fun of me etc or get into arguments that I’m lying etc. especially in the active crypto communities I’m in an Fx communities on other platforms. The crypto community can be absolutely brutal and I already felt horrible about the whole experience. Didn’t want my peers and those I helped get into trading to look at me different or think I’m just amateur noob trader. Especially to family and friends that I personally recommend CryptoRocket to.
But honestly the experience eventually made me a way better trader. Oh and please don’t judge me I gave up the silly goal I had of starting a Fx/Crypto broker 
I’m in much better place now.
Currently considering using Coinexx as it seems they are still going strong and I still have my old account with them.
Any opinions, feedback, would be appreciated!
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Also after going over all my videos and screen shots that day I close $45k and some change.
I did make a nice penny on my other crypto accounts as when the issues with CryptoRocket happened I had similar positions in various crypto platforms like Binance. I have been buying XRP since .18 cents so my trading plan when it came to CryptoRocket was go balls deep with a $200 something deposit not expecting to pull of such a good ROI and I knew XRP was going to be volatile that day. Still it would have been my biggest withdrawal at the time from a offshore broker.
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It was a shock to me because I traded with cryptorocket and made a big withdrawal of 37k.
I trade with CedarFX and Eaglefx also traded with Longhornfx they all provide the same exact service as Cryptorocket and the same withdrawal timeframe
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It seems there are lesser and lesser ‘trustworthy’ or ‘trusted’ brokers day by day…that is quite concerning. I have tried using Duramarkets, they seem good. The only issue is they don’t take deposits in TRC, that makes deposits a little costly. I will keep sharing my experience with them.
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