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Topic: Forex broker plus500 has opened for Bitcoin trading. (Read 16114 times)

newbie
Activity: 3
Merit: 0
It's been a few years, but there is now an externally financed group action being organized in the UK. There is no upfront cost to participate, and we want to hear from any individual who lost money at Plus500. More information and sign-up details are available here: plus500.giambronelaw.com
legendary
Activity: 2413
Merit: 1003

Nice. Now I wonder which one of those two (Plus500 and AvaTrade) will allow deposit and withdrawal of bitcoins. That would be major news.


I don't think any serious broker will ever allow..........not in the next, let's say, 5 years?


btw, there are 2 brokers which accept BTC deposit

Forex Metal
Liteforex


update: https://bitcointalksearch.org/topic/trading-forex-with-bitcoin-depositwithdraw-716530
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I know this is an old thread but plus500.com still offers bitcoin CFD's and the leverage seems to be 1:17: http://www.plus500.com/Instruments/BTCUSD

Is it still risky to trade there because of this websites behaviour? And what about the trading fees? I did not find a trading fee similar to bitfinex, like 0.2% on taker fees.

Better avoid that platform?
legendary
Activity: 2413
Merit: 1003
Warning! CFD price can be easily manipulated by those brokers (but anyway, Gox does it too). Lot of broker's profits comes from price manipulation, not from spread or commissions
On the other hand, 1broker closed down BTCUSD because of users manipulating prices.

It is legit for the big players to manipulate it; it's not that legit (but still legal) to make wider spreads and kick out traders sooner. NEVER trade with larger spread-brokers, use commission-based brokers only Smiley


there are no comission based CFDs
newbie
Activity: 54
Merit: 0
Warning! CFD price can be easily manipulated by those brokers (but anyway, Gox does it too). Lot of broker's profits comes from price manipulation, not from spread or commissions
On the other hand, 1broker closed down BTCUSD because of users manipulating prices.

It is legit for the big players to manipulate it; it's not that legit (but still legal) to make wider spreads and kick out traders sooner. NEVER trade with larger spread-brokers, use commission-based brokers only Smiley
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.

btw, there are 2 brokers which accept BTC deposit

Forex Metal
Liteforex


Those are mostly worthless, just like your posts, as they convert your BTC to fiat and you are trading with fiat account at the end of the day. You deliberately forgot to mention the best one of course. Smiley
legendary
Activity: 2413
Merit: 1003

Nice. Now I wonder which one of those two (Plus500 and AvaTrade) will allow deposit and withdrawal of bitcoins. That would be major news.


I don't think any serious broker will ever allow..........not in the next, let's say, 5 years?


btw, there are 2 brokers which accept BTC deposit

Forex Metal
Liteforex
newbie
Activity: 21
Merit: 0
Look plus500 don't have limit order and API interface like most of the exchanges
legendary
Activity: 2413
Merit: 1003

Nice. Now I wonder which one of those two (Plus500 and AvaTrade) will allow deposit and withdrawal of bitcoins. That would be major news.


I don't think any serious broker will ever allow..........not in the next, let's say, 5 years?
vip
Activity: 756
Merit: 503
Yes, I hate Plus500. Very trustworthy but the software give them a huge edge. They freeze trading when volatility is high so you cant close your position... Got a margin call when the market bounced 10% in about 2 minutes and I couldn't do anything...

1broker is better but limit on BTC/USD is too low.
full member
Activity: 211
Merit: 100


Yes, they completed the dream. F**K... Have to say very nice! Very Pro, but they will finally suck your money - trust me. And continue. Pro setup!
legendary
Activity: 2413
Merit: 1003
legendary
Activity: 1020
Merit: 1000
sr. member
Activity: 328
Merit: 250
Gaming the signup bonuses.
legendary
Activity: 2413
Merit: 1003
They block access from a whole bunch of "high risk" countries.


what's the risk for them?
sr. member
Activity: 328
Merit: 250
They block access from a whole bunch of "high risk" countries.
legendary
Activity: 2413
Merit: 1003
why does this broker block access from Brazil?
legendary
Activity: 1148
Merit: 1001

Bitcoin in binaries! I think that's a first.
vip
Activity: 756
Merit: 503
I've been searching for another FOREX broker offering Bitcoin market trading but didn't find any.
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