Topic: [ANN] TorBroker - Fund your account in Bitcoin, trade >1000 real stocks and ETFs - page 5. (Read 58448 times)
July 09, 2013, 09:30:26 AM
Don't you need to pay some kind of capital gain taxes, if your customers make profits?
June 16, 2013, 02:39:09 PM
I don't think torservers.net or tormail or torpm asked either
June 16, 2013, 02:08:36 PM
June 16, 2013, 05:12:00 AM
TorBroker is featured in an article on Bitcoin Magazine: http://bitcoinmagazine.com/torbroker-anonymous-finance-and-trust/
slacker, thanks. It should be noted that it only relates to layout, not to functionality or security.
slacker, thanks. It should be noted that it only relates to layout, not to functionality or security.
June 12, 2013, 11:45:42 AM
Also, found minor bug:
There is one additional "".
Code:
There is one additional "".
June 12, 2013, 08:12:23 AM
we have updated the code to remove this point of attack.
Thanks for the fast reaction. I can confirm that there is no external scripts now:
June 12, 2013, 07:54:22 AM
I found a security hole:
To exploit this vulnerability an attacker would have to control the specific exit node the targeted TorBroker user is currently exiting through. This is not easy to accomplish, so we do not consider this to be a critical vulnerability. However, given the nature of our service we insist on providing the best possible security for our customers, so we have updated the code to remove this point of attack.
Thank you for the report!
June 12, 2013, 07:11:06 AM
Usually one has to wait for large dividend which the bucketeer cannot cover from his profits, and at that moment they're exposed.
The real bucket shops can cover any amount of dividends because for every long position there is a corresponding short position. When someone is receiving dividend, other is paying dividend. For example when John has 100 long shares, Thomas has 100 short shares. Of course there is exceptions but statistically the profit from non-hedged big positions will be almost equal to the losses from non-hedged big positions.
The wise bucket shops will hedge too big positions that cannot be hedged within the bucket shop.
June 12, 2013, 07:06:52 AM
In order to prevent third parties from linking the trading activity at TorBroker to activity in the real markets, TorBroker will randomly split all orders up and execute these through different legal entities on different brokers.
How you resolve the problem with multiple fees you should pay for every transaction? For example if you split one order into 3 parts you should pay 3 times minimum fee required by the broker and the overall fee may exceed $10 (your fee).
Significant activity also allows us to subtract opposite customer positions from each other, obfuscating even further the origin of our activity in the regulated markets.
This will work only if you accumulate significant amount of customers (active traders).
June 12, 2013, 06:51:40 AM
I thought that bucket shops pay dividends... Can you point out one bucket shop that do not pay dividends?
Then it's not a bucketshop, as far as user is concerned, it's a passthru, regardless of whether it's held or not - there is no difference to be told from the outside.
Usually one has to wait for large dividend which the bucketeer cannot cover from his profits, and at that moment they're exposed.
They cannot provide voting rights because if they do, they can expose themselves to the regulators.
That's why "even", but don't oversimplify, there are bearer instruments ...
June 12, 2013, 06:09:37 AM
If they're paying dividends
I thought that bucket shops pay dividends... Can you point out one bucket shop that do not pay dividends?
(or even equity voting rights)
They cannot provide voting rights because if they do, they can expose themselves to the regulators.
June 12, 2013, 05:51:19 AM
Regarding scam warnings:
If they're paying dividends (or even equity voting rights) for securities they're doing passthru for, it's legit.
Otherwise just another bucketshop.
If they're paying dividends (or even equity voting rights) for securities they're doing passthru for, it's legit.
Otherwise just another bucketshop.
June 12, 2013, 05:49:16 AM
I found a security hole:
Anyone who run a tor exit node can change this script and make some bad things.
Also this:
is actually a link to Google (according to a Firefox browser):
and not to
as you may think.
Loading a JavaScript thought an insecure tor exit node can be very dangerous.
Code:
Anyone who run a tor exit node can change this script and make some bad things.
Also this:
Code:
is actually a link to Google (according to a Firefox browser):
Code:
http://ajax.googleapis.com/ajax/libs/jquery/1.8.1/jquery.min.js
and not to
Code:
http://torbrokerge7zxgq.onion//ajax.googleapis.com/ajax/libs/jquery/1.8.1/jquery.min.js
as you may think.
Loading a JavaScript thought an insecure tor exit node can be very dangerous.
June 12, 2013, 12:42:51 AM
It will meet same fate as the others, crackdown, forced verifications or simple poof...
Don't expect it to last
Don't expect it to last
June 12, 2013, 12:35:25 AM
Do you plan to add international securities?
June 11, 2013, 04:25:11 PM
Platform enhancements, fees promotion, and video
TorBroker is releasing a new update of our trading platform today. Enjoy these compelling new features:
And to bring private, unbureaucratic trading to more people, we will be spreading this short promotional TorBroker video. Please share!
TorBroker is releasing a new update of our trading platform today. Enjoy these compelling new features:
- Better securities list interface
- Improved order system
- Performance and stability enhancements
- Lower fee: Pay a minimum of only $5 on trades for the next month (Promotion ending on the 11th of July)
And to bring private, unbureaucratic trading to more people, we will be spreading this short promotional TorBroker video. Please share!
May 25, 2013, 07:52:51 PM
TorBroker
First of all, I'm very interested in idea of your project.
As non-US citizen, I see a good opportunity to avoid many annoying meaningless bureaucratic obstacles.
BUT how do you proof that I will trade at real stock markets through TorBroker (i.e. is it a bucket shop or not)?
There is probably no way for us to prove it. But if we did not hedge customer positions on the real markets, we would be taking on significant risk when our customers do well and request payout from us.First of all, I'm very interested in idea of your project.
As non-US citizen, I see a good opportunity to avoid many annoying meaningless bureaucratic obstacles.
BUT how do you proof that I will trade at real stock markets through TorBroker (i.e. is it a bucket shop or not)?
It comes down to what is in our long term interest. With our current fee structure (1%, minimum 10USD, on trades), and with full hedging in the real markets, we are guaranteed to make money on every trade that our customers perform. This is unlike some other Bitcoin trading platforms out there with non-transparent business models that have a high risk of losing money. The way we do it, we have a financial incentive to hedge every position and keep running for the long term.
May 16, 2013, 04:12:37 AM
TorBroker
First of all, I'm very interested in idea of your project.
As non-US citizen, I see a good opportunity to avoid many annoying meaningless bureaucratic obstacles.
BUT how do you proof that I will trade at real stock markets through TorBroker (i.e. is it a bucket shop or not)?
First of all, I'm very interested in idea of your project.
As non-US citizen, I see a good opportunity to avoid many annoying meaningless bureaucratic obstacles.
BUT how do you proof that I will trade at real stock markets through TorBroker (i.e. is it a bucket shop or not)?
April 08, 2013, 04:03:24 PM
Might be interesting to have a kind of bitcoin bond held in a 1-of-2 signature address against the account to reduce the trust required on the user side.
Say like user has $20k in stock positions in their account then there is a btc 1-of-2 address with $2k worth of btc (10%) that has both user and tor-broker as signors ... or something like that, maybe use a 3rd party independent arbiter as signor for 1-of-3 multi-sig so that either party can get the bonded funds out if it all turns to custard.
Say like user has $20k in stock positions in their account then there is a btc 1-of-2 address with $2k worth of btc (10%) that has both user and tor-broker as signors ... or something like that, maybe use a 3rd party independent arbiter as signor for 1-of-3 multi-sig so that either party can get the bonded funds out if it all turns to custard.
April 08, 2013, 11:02:33 AM
What makes me suspicious is the 1% fee. I would believe in the service more if it had 5% fee.
BTW, it is not obvious we would profit more from a 5% fee. There is an optimum price point where if you both go lower or higher you will make less money. Determining it requires experimentation. Jump to: