Hey Kenny,

Thanks for helping me on ForexFactory on the Little Big Man concept. :) You are really good considering only 18 months! :)

Gil

Hi Gil,

Thanks for the kind words mate. You are most welcome. Shout if there is anything else you need a hand with.

Kenny

Hey Kenny,

Thanks again for your expertise. My coding skills are about 1000 times better because of your support! I hope I can give back to other traders as much as you have.

I am curious, what scalper type system are you trading? Any hints?

It looks interesting.

Gil

compuforexpamm posted:
    Hi Gil,

Thanks for the kind words mate. You are most welcome. Shout if there is anything else you need a hand with.

Kenny

hello Kenny. I spotted your system page and saw that you are using Jadefx. I read the info on their Website and it sounds legit and it has my interests.. Would you mind rating them from 1-10?
Any problems?
Thanks a million! Its easier for me to ask a real customer than read a review:-)

_Will


EDIT:::Never mind- I read the account details and my US citizenships fails to comply. ;-(

Hi Will,

Sorry to hear about that.......I believe your government is trying to ruin it for everybody. Just for the sake of answering your question.......

It goes without saying that I like Jade.....at the moment. I tend to have a mercenary attitude towards brokers. I change live accounts like some poeple change underwear, so the fact that I am currently with Jade says it all.

Deposits and withdrawals happen at lightning speed. The feed is pretty good, but their liquidity provider is Citi Bank and Citi Bank have had liquidity problems from time to time, most notably at rollover time, leading to some pretty huge spread spikes. There was a 180 pip spike on the EURCAD about 10 days ago with several brokers that use Citi Bank. I have personally seen 30 pips on the EURCHF at rollover.

Often people will mistake this for stop hunting but that kind of reasoning is simplistic and demonstrates a lack of understanding of the market we operate in.

They are not regulated and some people insist on that. I don't know why because I also traded with MB trading and regulation never once protected me from the myriad of technical problems they experienced....and they did cause me losses. Furthermore, the hedging prohibition actively prevents me getting full use out of my scalpers, as sometimes they disagree on positions resulting in opposite positions.

Their commission is reasonable but their swap rates are a bit harsh. Other than that I am pretty happy with them.

jadefx is regulated in Belize 😀

loulou69 posted:
    
jadefx is regulated in Belize 😀

Fair comment, however, given the fact that most people have no idea where Belize is, they could quite easily equate that to not being regulated at all.

the Belize is Commonwealth country, and Jadefx is regulated by https://www.ifsc.gov.bz/

I use Jade FX on my live play account as well.
I'm more than happy with them so far, decent spreads, very active feed and good execution.
Not sure I would put more money with them ( I had this debate with myself recently ) but for an MT4 broker they seem to be one of the best.

stevetrade posted:
    I use Jade FX on my live play account as well.
I'm more than happy with them so far, decent spreads, very active feed and good execution.
Not sure I would put more money with them ( I had this debate with myself recently ) but for an MT4 broker they seem to be one of the best.

why you don't put more money ?

Because I'd rather that it was sat in a Swiss bank account with Dukascopy than in an undisclosed bank account somewhere with a broker in Belize.

JadeFx is the only liveaccount I test Scalper EAs. when the EA not work with Jade you can kick it in the trash box.

Important: not all EAs love the VPS from JadeFX and trade better on other VPS or from Home-PC.


 

compuforexpamm posted:
    Hi Will,

I change live accounts like some poeple change underwear, so the fact that I am currently with Jade says it all.

There was a 180 pip spike on the EURCAD about 10 days ago with several brokers that use Citi Bank. I have personally seen 30 pips on the EURCHF at rollover.

Often people will mistake this for stop hunting but that kind of reasoning is simplistic and demonstrates a lack of understanding of the market we operate in.

They are not regulated and some people insist on that. I don't know why because I also traded with MB trading and regulation never once protected me from the myriad of technical problems they experienced....and they did cause me losses. Furthermore, the hedging prohibition actively prevents me getting full use out of my scalpers, as sometimes they disagree on positions resulting in opposite positions.

Your Comments could have not been anymore appreciated. Your experience tells the Truth. I've experienced rollover spikes as well and experiencing these situations has changed my whole outlook and methodology of trading.

I've been through several brokers myself and I continue to try more. Diversifying funds ( and in different currencies) as I put it.
Regulations are no more than a way for government and regulatory bodies to push the little brokers around while limiting our choices, freedom, and prosperity. Belize may lack infrastructure, but if they can execute your trades quickly, No harm in using them. JadeFx are not the only brokers popping up in Belize :-)

As you mentioned about Citi Bank liquidity and Spread spikes... Just imagine if we did not have broker options. We would be acceptable to these REAL market conditions everyday. As you mentioned, it is a misunderstanding of real market conditions ( stop hunting). I've used Fixed spread brokers for these exact reasons. TadawulFX for example. There are advantages and disadvantages with each broker.

Thank you for the honest broker review.

FxProfiler posted:
    JadeFx is the only liveaccount I test Scalper EAs. when the EA not work with Jade you can kick it in the trash box.

Important: not all EAs love the VPS from JadeFX and trade better on other VPS or from Home-PC.


 

Hi,
what makes u believe JadeFx would be the ultimate cornerstone for scalpers?

stevetrade posted:
    Because I'd rather that it was sat in a Swiss bank account with Dukascopy than in an undisclosed bank account somewhere with a broker in Belize.

I'd test them out with a small amount, make a min deposit, double up the account and try withdraw your profit. Then gradualy increase the amounts to see if they are good to their word.

I like jade's model, but I can't help but doubt them, especially with that shoddy looking website.

Ben, I have been with them for a year. I have done several withdrawals including one last night of just over $14000. Based on my previous experience with Jade, the money will be back in my bank account by tommorrow.

Jadefx is a very good broker, Jadefx is regulated at Belize, no problem with withdrawals 😁

compuforexpamm posted:
    Ben, I have been with them for a year. I have done several withdrawals including one last night of just over $14000. Based on my previous experience with Jade, the money will be back in my bank account by tommorrow.

Is that 14k from the bentrail EA? :-)

Lol, don't I wish. Nah, its just funds that were deposited in the first place.