TorBroker is the first broker to offer Bitcoin users direct access to the world’s securities markets. Fund you account with bitcoins and start investing, hedging, or speculating in more than 1000 different stocks and ETFs, and best of all, cash out in bitcoins whenever you want.
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Today global insolvency seems to justify increasingly desperate government actions such as confiscation of savings, unprecedented global money printing, interest rates suppression and knee-jerk attempts to regulate, incriminate and excessively survey ordinary financial transactions.
Bitcoin essentially empowers individuals to circumvent the consequences of these policies by combining unique attributes that set Bitcoin apart from all other mediums of exchange:
With Bitcoin there is no risk of third party seizure, no taxation, no arbitrary oversight, no unanticipated inflation, no chargebacks and almost no transaction fees. This is why businesses all around the world are increasingly recognizing and embracing bitcoins, but so far the gap between Bitcoin and the global securities markets has yet to be bridged. This is why we are developing TorBroker.
At TorBroker we offer you the possibility to fund your account with Bitcoins, invest in almost 1000 different stocks and ETF’s and cash out in Bitcoin. Through the utilization of the Tor network, TorBroker offers you privacy when investing, harnessing one of the most important aspects of Bitcoin itself, privacy. Not only do we offer privacy, but TorBroker enters the underlying position in the real markets, giving you “non-synthetic” exposure towards the different securities we offer. Visit us at
http://torbroker2ulwffg.onion/, fund your account with bitcoins, and take full control of your financial future.
How does it work?1. A) Go to
http://torbroker2ulwffg.onion/ using the
Tor browser.
2. Register an account with username and password.
3. Deposit bitcoins. Within 24 hours they will be credited your account in US dollars.
4. Pick a security to long or short. At the next market opening, we will mirror your position on the real market.
5. Exit the position. At the next market opening, we will exit our position on the real market and credit your account with the resulting gains or losses.
6. At any time you can choose to withdraw your US dollar balance to your bitcoin address. We will carry out your withdrawal within 24 hours.
What does it cost?In this beta version we charge a 1% commission on any trade - that is both entering and exiting positions - with a minimum commission equivalent to 5 dollars per trade.
When is my trade executed?In this beta version, in order to get your order executed on the day, you need to put in the order before 8:30 am EST and we will put in your trade as a pending order to be executed as soon as the markets open (9:30 am EST). Any order that is entered after this deadline (8:30 am EST) will not be executed before the next opening day. Thus we recommend that you wait until the markets close to enter your orders in order to ensure you that you get the opening market price. Any dividends will be added to your account balance when you exit your position.
The current TorBroker version is a manual proof of concept to test if there is demand for an online brokerage that accepts Bitcoins. We are currently implementing an automated trading service with instant execution to be released in the coming months.
Are my funds secure?The bitcoins we receive are exchanged to dollars and withdrawn to our stock broker account as soon as any significant amount is reached. Therefore, only small amounts, which we guarantee out of our own pockets, are vulnerable to potential Bitcoin wallet related security issues with our Bitcoin setup or the Bitcoin exchange.
The TorBroker software is developed using best security practices by security professionals from the bottom up. All major functions are split between separate servers ensuring strict damage control. Access to services is strictly logged and reviewed regularly. Data is always encrypted when transferred across networks.
We exchange the bitcoins we receive to dollars within 24 hours to insure our customers that TorBroker won’t go broke due to exposure to the extreme volatility of the bitcoin price. To our knowledge no other bitcoin related broker offers this immediate hedging and by not doing so they put their customers at risk of a company default.
Who are you?Three people in the TorBroker team are long-time members of the Bitcoin community with public identities and impeccable records from their earlier Bitcoin ventures. One team member has earlier experience in developing high-speed trading systems for a large financial company. Two other TorBroker team members have years of experience in portfolio management.
However, due to the current legal uncertainty regarding our business our names cannot be revealed at this point.
Can I trust TorBroker?We believe this can be a profitable business and are in it for the long run. We will never betray the trust of our customers.
We believe it is important to make our business case clear to our customers. By knowing we are making a profit by running TorBroker in a fair and justified manner, you know it is in our best interest to keep the service running professionally and retain the trust of our customers to maximize our reputation and profit.
For all anonymous services that have to decide whether they should be honest or fraudalent, it comes down to the time preference of the operators. Do they prefer (a) smaller profit now by running away with customer money, or (b) larger profit by running a reliable service for years and years.
For it to be more profitable for us to run a long-term service, with our 1% fee on trades, we only need to expect that we will have a future volume for eternity of at least 100x the current holdings of our customers. Considering we plan to offer leveraged trading in the future, this is actually not a lot. We would have to be quite short-sighted to not run a reliable business for the long term.
While we could also talk about how our team is firmly grounded in libertarian moral theory and we despise fraud as much as violence, the above is the strongest argument for our honesty, because it only relies on the premise of us trying to maximize profits.
Upcoming featuresTorBroker is currently in the beta stage and undergoing active development. Features to be implemented soon include:
- Automated instant trading
- Margin trading
- More informative portfolio interface
- Google two-factor authentication
- More securities in more markets
I’m ready to trade real securities with my bitcoinsGo to
http://torbrokerge7zxgq.onion using the
Tor browser.
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