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Topic: [ANN] 1Broker.com - Trade forex, indices, stocks and commodities - page 11. (Read 103052 times)

legendary
Activity: 971
Merit: 1000
The day following Thanksgiving Day is traditionally the beginning of the Christmas shopping season, and in the past decade it has become tradition that businesses offer special promotions on the day known as Black Friday. The day's name originated in Philadelphia, where it  was originally used to describe the heavy and disruptive pedestrian and vehicle traffic that would occur on the day after Thanksgiving. To follow this tradition, we have decided to offer something too! On Friday, November 27th, all of our spreads will be reduced by 75%.

Since a regular trading day goes from 5:15pm-5:00pm (New York Time), this promotion will start on Thursday, November 26th at 5:15pm and will end on Friday, November 27th at 5:00pm.

We wish everyone a relaxing and calm December.

Follow all the latest news and updates: https://1broker.com/?c=blog
legendary
Activity: 1596
Merit: 1027
At last we have a Broker that only uses bitcoin. I have been using 1Broker and am happy. They are perfectly legit and play by the rules.

Here's an Interview with 1Broker:
http://www.newsbtc.com/2015/11/25/exclusive-interview-media-division-manager-1broker/
legendary
Activity: 971
Merit: 1000
Hi, do you have trailing stop supported by your API ?

No, but it could be simulated by software on top of our API - Like automatically moving the stop loss.
legendary
Activity: 971
Merit: 1000
Mr. Exxe,
I have been trading on your site for a month, I majorly trade the forex. My question is from where does you site pickup the price of different currency pairs it is definitely not from metatrader...just wanted to know so that I could improve on my trading...

I use trading view on the fxcm feeds, but another place with free forex quotes that are similar to 1broker is truefx.com
member
Activity: 84
Merit: 10
Mr. Exxe,
I have been trading on your site for a month, I majorly trade the forex. My question is from where does you site pickup the price of different currency pairs it is definitely not from metatrader...just wanted to know so that I could improve on my trading...
member
Activity: 94
Merit: 10
The BTC/USD limits and market restrictions are certainly not a long term solution for us. However, in defense I have to say that there is generally no "right" to open a position on our platform, especially on our BTC/USD market, which is still in "experimental" mode. We try everything to avoid this, but if we are out of funds to hedge positions there is no other solution.

Additionally, we have a different risk management strategy/pool for every market; so we cannot simply cross-finance our BTC/USD market with reserves from other markets.

Yea that definitely makes sense.

That being said, you ought to implement an 'un-leveraged mode toggle' trade position option, in the 'enter a new position' window. Toggling this on, would place this trade in a different hedging category and thus enable strictly 1:1 positions (perhaps long-only, or both long/short) to be open'd even during times when 1Broker is currently out of funds & does not allow opening of new leveraged long / short positions in a given market.
full member
Activity: 187
Merit: 100
The BTC/USD limits and market restrictions are certainly not a long term solution for us. However, in defense I have to say that there is generally no "right" to open a position on our platform, especially on our BTC/USD market, which is still in "experimental" mode. We try everything to avoid this, but if we are out of funds to hedge positions there is no other solution.

Additionally, we have a different risk management strategy/pool for every market; so we cannot simply cross-finance our BTC/USD market with reserves from other markets.
hero member
Activity: 672
Merit: 500
I think it is the best way to deal with these price jumps. Of course they can not accept unlimited orders when the price is skyrocketing, it would not take long until they are ruined. So this is a good solution to keep existing orders open and just not to allow new orders being created when there is the risk that they can not afford to pay you.

This is, in my opinion, much more serious than having DoS Attacks or something like that during those moments when a price explodes..

It doesn't bode well if an exchange doesn't have the liquidity available for present market conditions. It's not like 1b is new to this, they been around for quite a while now and should have contingencies in place. At a meager 5x leverage the reward is much less then for the fx pairs. So saying they simply don't have the funds available doesn't wash.
legendary
Activity: 1405
Merit: 1001
I think it is the best way to deal with these price jumps. Of course they can not accept unlimited orders when the price is skyrocketing, it would not take long until they are ruined. So this is a good solution to keep existing orders open and just not to allow new orders being created when there is the risk that they can not afford to pay you.

This is, in my opinion, much more serious than having DoS Attacks or something like that during those moments when a price explodes..
hero member
Activity: 672
Merit: 500
For those inquiring about a limit on opening longs in the BTC / USD market currently, a response was made VIA Twitter: https://twitter.com/1BrokerCom/status/661329906689773568

" Sorry! We cannot borrow more funds than we have allocated for risk management. Fractional reserve is not our thing. "

Come on guys, what's the point of having it, if you can't trade it???
legendary
Activity: 971
Merit: 1000
For those inquiring about a limit on opening longs in the BTC / USD market currently, a response was made VIA Twitter: https://twitter.com/1BrokerCom/status/661329906689773568

" Sorry! We cannot borrow more funds than we have allocated for risk management. Fractional reserve is not our thing. "
full member
Activity: 133
Merit: 100
dev, how can we join 1broker pump group?


newbie
Activity: 19
Merit: 0
All this talk about currency CFDs got me thinking.  In the future, I wonder if 1Broker would consider adding Forex CFDs based on currency baskets, not just individual Forex pairs.  Baskets are a nice way to hold longer term currency positions.  For example, might offer a US Dollar basket versus EUR, GBP, JPY, and AUD:

1/EURUSD^.25*1/GBPUSD^.25*1/AUDUSD^.25*USDJPY^.25

FXCM offers a popular US Dollar CFD.  1Broker could expand on the idea and offer baskets for other currencies too.

Lite Forex used to have currency basket CFDs for several currencies, but discontinued them. Mirror Trader offers baskets for the above currencies, but the software just executes a macro order for individual Forex pairs at the same time, so not an actual CFD.

Just throwing out ideas here...
legendary
Activity: 1288
Merit: 1000
To avoid any misunderstandings: The overnight charges are listed on our Fees page (https://1broker.com/?c=about_fees) and the exact amount of charges for open positions can be calculated (in advance) with our Overnight Financing Calculator (https://1broker.com/?c=overnight_financing_calculator).

Especially with high-leveraged positions the overnight charges can get quite big and I suggest to trade with smaller leverages, if that becomes a problem.
However, we only charge around 4% per year (for forex markets). Compared to other trading platforms, this is quite low. We have no plans to reduce this specific rate in the near future.

I also want to take this opportunity to cite our help page, which explains why theses charges are necessary:
Quote
Leveraged positions (leverage > 1) are a margined product. You are in effect depositing only a small fraction of the overall market value of the trade, which allows you to hold much larger positions than if you were buying the shares outright. So for instance, currently just 1 BTC would be needed to buy a contract representing more than 5,000$ worth of blue-chip shares. You are effectively 'borrowing' the difference from 1Broker, hence the financing charges.

best regards!



Thanks for explaining.
full member
Activity: 187
Merit: 100
To avoid any misunderstandings: The overnight charges are listed on our Fees page (https://1broker.com/?c=about_fees) and the exact amount of charges for open positions can be calculated (in advance) with our Overnight Financing Calculator (https://1broker.com/?c=overnight_financing_calculator).

Especially with high-leveraged positions the overnight charges can get quite big and I suggest to trade with smaller leverages, if that becomes a problem.
However, we only charge around 4% per year (for forex markets). Compared to other trading platforms, this is quite low. We have no plans to reduce this specific rate in the near future.

I also want to take this opportunity to cite our help page, which explains why theses charges are necessary:
Quote
Leveraged positions (leverage > 1) are a margined product. You are in effect depositing only a small fraction of the overall market value of the trade, which allows you to hold much larger positions than if you were buying the shares outright. So for instance, currently just 1 BTC would be needed to buy a contract representing more than 5,000$ worth of blue-chip shares. You are effectively 'borrowing' the difference from 1Broker, hence the financing charges.

best regards!

legendary
Activity: 1288
Merit: 1000
Any comment from support about this regular over 3% overnight charge?

Traders, agree that is BIG?
member
Activity: 98
Merit: 10
Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.



I pay over 0.11BTC in overnight charge  last night!
legendary
Activity: 1288
Merit: 1000
Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.


Hey, which market is the position on?

EUR/USD short
GBP/USD short

Combined the positions totaled .17 BTC?
I am investigating, and when I have a definitive answer, Patrick or myself will get back to you ASAP!
 Smiley


Yes,
0.10 on GBP/USD short
0.07 on EUR/USD short

But its not a bug, Its not first time, its always like this.

http://postimg.org/image/a0x5kvmcx/
member
Activity: 98
Merit: 10
If someone could be interested on a service of a managed account could see here or contact me.

https://bitcointalksearch.org/topic/m.12819256

 Smiley
legendary
Activity: 971
Merit: 1000
Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.


Hey, which market is the position on?

EUR/USD short
GBP/USD short

Combined the positions totaled .17 BTC?
I am investigating, and when I have a definitive answer, Patrick or myself will get back to you ASAP!
 Smiley
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