Topic: Forex broker plus500 has opened for Bitcoin trading. - page 4. (Read 16114 times)
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
Quote
maybe they just make it up in fees somehow?
No other fees, in fact they have some very nice deposit bonuses:
http://www.plus500.com/en/Marketing/Promotion1.aspx?id=67176&pl=2
If you are only into Bitcoins for the trading, you probably save money by using them instead of Mt. Gox.
This is pretty awesome, hopefully they enable Bitcoin withdrawals and it would be a bit of competition with MtGox.
There are no BitCoins, it's a contract for difference.
http://en.wikipedia.org/wiki/Contract_for_difference
Oh right, I guess I didn't understand it. I will have to read up on it.
Regards,
Martin.
This is pretty awesome, hopefully they enable Bitcoin withdrawals and it would be a bit of competition with MtGox.
There are no BitCoins, it's a contract for difference.
http://en.wikipedia.org/wiki/Contract_for_difference
This is pretty awesome, hopefully they enable Bitcoin withdrawals and it would be a bit of competition with MtGox.
thats a pretty tight spread there
maybe they just make it up in fees somehow?
thats a pretty tight spread there
cool.
is it possible to take delivery of the bitcoins?
is it possible to take delivery of the bitcoins?
Delivery? This is CFD.
Seems amazing and I really doubt they can make money with that tight of a spread. Maybe its some kind of marketing decision to get a bunch of new customers?
Quote
is it possible to take delivery of the bitcoins?
No, but maybe in the future if they add Bitcoin deposit/withdrawals.
cool.
is it possible to take delivery of the bitcoins?
is it possible to take delivery of the bitcoins?
I think this is pretty huge. Plus500 is a pretty large and solid site. They even run a lot of TV ads here in Norway. You get 4:1 leverage, meaning if you deposit 200 you can trade with 800, and you can also short. Best part is they accept credit card deposits so it is probably the easiest way to get into Bitcoins for a lot of people even though its only "paper Bitcoin". Unfortunately they do not accept US customers.
Jump to: