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  • #9,781
  • Aug 6, 2022 9:46am Aug 6, 2022 9:46am
Quoting wmwmw
{quote} "FRozen platform for a minute or two" This sure will makes me quit this broker. I switched from coinexx to forexturnkey jsut because coinexx has two freezes in a month ,each of them lasted a few minutes. What you did not consider is that , as competition is so hot, there are many brokers that do not have that kind of things. So I would not argue with the broker if it intentionally makes bad quotes and slippery, I just leave and have one that does not have such things. There are plenty options for me to choose.

Why do you use those brokers.... I assume crypto?
  • #9,782
  • Aug 6, 2022 9:49am Aug 6, 2022 9:49am
Quoting Thoughts
Quick question please to those in the know (preferably those funded and paid ) - From these 2 options, which do you favour: E8 Funding or True Forex Funds; and why? Aside your insights, I'm also interested in the lag time between issuing accounts once payment is made or a phase is passed; as well as the lag between payout requests and payment. Thank you very much.
I never achieved funded phase with E8Funding yet. I got there in TFF and got paid.

TFF we pay and account details are available some minutes later. Same for E8Funding (account details in dashboard)

From phase 1 to 2:
TFF about 8 hours in two occasions
E8 it was about 1 hour last time I achieved phase 2

From phase 2 to funded TFF has online agreement. They took 24 hours to check documents provide funded credentials. we need to provide documents again, even if we had/have a previous account.

In payouts TFF is not very efficient. We need to send them an email 1 or 2 days before. Then the day before the payout we have to close positions until 23:59.
On payout day (D) we can't trade because they are processing. With luck we receive the payout on D (end of day) or D+1 and new credentials on D+1 or even early on D+2. It's basically 2/3 days without trading in each 14 days cycle. It's not great (only The Funded Trader is worse than that from the ones I had payouts)

On trading conditions TFF is way much better in slippage. I've been experiencing slippage in E8, even in dead periods, with 5/6 lots EURUSD.
TFF usually doesn't have any slippage (I know this is not great signal but I'm stating what I see, not what is expected).
Spreads are very tight in TFF. In EURUSD is 0 or 0.1 most of the time. Wider in E8.
Commissions, on the other hand, are 7 USD per lot in TFF, while E8 applies a slightly different method (0.005% on the USD trade amount)
  • #9,783
  • Aug 6, 2022 9:54am Aug 6, 2022 9:54am
The only gripe i have with TFF right now is their paid marketing campaign, paying for criticism of competitors to be included in reviews is a bit stupid. Its a pet peeve of mine, i know it exists, it doesnt mean someone doesnt pay but its in poor taste.
  • #9,784
  • Aug 6, 2022 9:54am Aug 6, 2022 9:54am
Quoting Takisd
{quote} Why do you use those brokers.... I assume crypto?
I trade mostly SPX500 and eur/usd.
  • #9,785
  • Aug 6, 2022 9:56am Aug 6, 2022 9:56am
Quoting wmwmw
{quote} "FRozen platform for a minute or two" This sure will makes me quit this broker. I switched from coinexx to forexturnkey jsut because coinexx has two freezes in a month ,each of them lasted a few minutes. What you did not consider is that , as competition is so hot, there are many brokers that do not have that kind of things. So I would not argue with the broker if it intentionally makes bad quotes and slippery, I just leave and have one that does not have such things. There are plenty options for me to choose.
I agree. However, being in the US, there are 3 -4 options for the average retail trader.
Like everything in the US, the government and regulations scare the average citizen into thinking "if you don't do it our way, the world will end"
Therefore, most are scared to trade with the BAD, BAD unregulated offshore brokers despite the fact that your funds are not even protected the US regulated brokers.
So these folks are not able to take advantage of the competition as they have been scared not to. So, they just trade and take it up the ass by the likes of Forex.com, IG, Oanda,etc....
Of course Interactive Brokers is wonderful, you only need to show 10 million in assets to trade with them if you are a US citizen. You can also use any of the regulated brokers in the world, just show us 10 mill.
  • #9,786
  • Aug 6, 2022 10:00am Aug 6, 2022 10:00am
Quoting wmwmw
{quote} I trade mostly SPX500 and eur/usd.

Should use a better broker than those strange ones. Theres many to choose from like IC, tickmill etc just to name a few.
  • #9,787
  • Aug 6, 2022 10:10am Aug 6, 2022 10:10am
Quoting Takisd
{quote} Should use a better broker than those strange ones. Theres many to choose from like IC, tickmill etc just to name a few.
Can't. He is in the US. Of course we cannot trade OUR OWN US INDICES in the US. That would be absurd.
  • #9,788
  • Aug 6, 2022 10:12am Aug 6, 2022 10:12am
Quoting wmwmw
{quote} "FRozen platform for a minute or two" This sure will makes me quit this broker. I switched from coinexx to forexturnkey jsut because coinexx had two freezes in a month ,each of them lasted a few minutes. What you did not consider is that , as competition is so hot, there are many brokers that do not have that kind of things. So I would not argue with the broker if it intentionally makes bad quotes and slippery, I just leave and have one that does not have such things. There are plenty options for me to choose.
TurnkeyForex is better than Coinexx? I thought they were sister companies. The website portal of TurnkeyForex looks suspiciously similar to Coinexx. But it's good to hear if they are better, I'll give them a try.
  • #9,789
  • Aug 6, 2022 10:18am Aug 6, 2022 10:18am
Quoting wmwmw
{quote} I trade mostly SPX500 and eur/usd.
Did you check TD365.com as broker? They have tight fixed spreads and Barclays behind. They are Bahamas regulation so I am not sure if that is an option as American.
I had an eye on so far, because the spreads are more competitive with larger possible volume behind if you compare it with IC Markets because of their commissions.
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  • #9,790
  • Aug 6, 2022 10:19am Aug 6, 2022 10:19am
Quoting Takisd
{quote} Should use a better broker than those strange ones. Theres many to choose from like IC, tickmill etc just to name a few.
They are not open to US customers.
Also their spread can't match what I get from my broker.
  • #9,791
  • Aug 6, 2022 10:20am Aug 6, 2022 10:20am
Quoting pipmaster77
{quote} Can't. He is in the US. Of course we cannot trade OUR OWN US INDICES in the US. That would be absurd.
From what I hear US is incompatible with retail Forex trading. Apparently Europe is now on the same path. You pretty much have to be from an unknown country like Timor-Leste for your government to not hassle you about trading.
  • #9,792
  • Aug 6, 2022 10:21am Aug 6, 2022 10:21am
Quoting TrAndy1
{quote} Did you check TD365.com as broker? They have tight fixed spreads and Barclays behind. They are Bahamas regulation so I am not sure if that is an option as American. I had an eye on so far, because the spreads are more competitive with larger possible volume behind if you compare it with IC Markets because of their commissions. {image}
I see TD365 has 0.6 pip spread on eur/usd
My broker spread on eur/usd is 0.2 pip.
  • #9,793
  • Aug 6, 2022 10:23am Aug 6, 2022 10:23am
Quoting TrAndy1
{quote} Did you check TD365.com as broker? They have tight fixed spreads and Barclays behind. They are Bahamas regulation so I am not sure if that is an option as American. I had an eye on so far, because the spreads are more competitive with larger possible volume behind if you compare it with IC Markets because of their commissions. {image}
For comparison check out XBTFX too.
  • #9,794
  • Aug 6, 2022 10:25am Aug 6, 2022 10:25am
Quoting ohyeah
{quote} TurnkeyForex is better than Coinexx? I thought they were sister companies. The website portal of TurnkeyForex looks suspiciously similar to Coinexx. But it's good to hear if they are better, I'll give them a try.

These tow are similar but coinexx withdrawal time is longer , I can tolerate that but it had 2-3 freezes of a few minutes in a month on their software, that may blow up my account if I have high leverage trades. That made my switch.
  • #9,795
  • Aug 6, 2022 10:31am Aug 6, 2022 10:31am
Alright back to prop firms i guess.

It looks like all the prop firms traffic ranks have taken a hit the last 40 days, it is in line with brokers traffic too so I guess people are busy spending their millions on summer holidays.
  • #9,796
  • Aug 6, 2022 10:32am Aug 6, 2022 10:32am
Quoting wmwmw
{quote} I see TD365 has 0.6 pip spread on eur/usd My broker spread on eur/usd is 0.2 pip.
There are no commissions here. All is in spread included. I assume with your 0.2 spread on EU, you pay how much per rtl ? Also ICM is $7 per rtl, that is a lot. And you can do 25 lots on EURUSD with that spread of 0.6 at TD365. If you enter 25 lots on ICM you pay much more with commissions included and spread do widen on 25 lots.
  • #9,797
  • Aug 6, 2022 10:37am Aug 6, 2022 10:37am
Quoting ohyeah
{quote} For comparison check out XBTFX too.
By far not that good than ICM or TD365. On TD365 as I said you pay never commissions and can do 25 lots with the given fixed spreads. And Barclays secured funds.
  • #9,798
  • Aug 6, 2022 10:39am Aug 6, 2022 10:39am
Quoting ohyeah
{quote} TurnkeyForex is better than Coinexx? I thought they were sister companies. The website portal of TurnkeyForex looks suspiciously similar to Coinexx. But it's good to hear if they are better, I'll give them a try.
It's exactly the same feed. TurnkeyFX is the prime. Turnkeyforex and Coinexx and several others use their feed There are basically 3 white label primes which all of the offshores use and there are 4-8 brokers using each of these.
  • #9,799
  • Aug 6, 2022 10:45am Aug 6, 2022 10:45am
Quoting Capablanca
{quote} I never achieved funded phase with E8Funding yet. I got there in TFF and got paid..
Great Summary. Thank you very much Capablanca.

Seems TTF's edge would be trading conditions, but they're needing work with operations? and (though you cant fully speak to the entire process) E8 are better organized operationally, meaning shorter lead times though trading conditions are poorer?

Hmm...

Thanks again Capa!
  • #9,800
  • Aug 6, 2022 10:48am Aug 6, 2022 10:48am
Quoting TrAndy1
{quote} There are no commissions here. All is in spread included. I assume with your 0.2 spread on EU, you pay how much per rtl ? Also ICM is $7 per rtl, that is a lot. And you can do 25 lots on EURUSD with that spread of 0.6 at TD365. If you enter 25 lots on ICM you pay much more with commissions included and spread do widen on 25 lots.
Commission is $2/lot round turn. There are quite a few offshore brokers offering $2/lot round turn commission and 0.2 pip spread on eur/usd.
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