Topic: trading Forex with Bitcoin deposit/withdraw - page 15. (Read 120499 times)

In the world of trading exchanges, I don’t think so that forex trading exchange is that much reliable. In my opinion, there is no other better trading exchange than that of bittrex trading exchange. It is because of the reason that it is the most widely and most commonly used trading exchange than any other trading exchange. There is no point of relying on forex trading exchange.

thanks for sharing your experiences. I personaly would actualy file your FxChoice problem experience as a positive one. You find out if a company is a good one when you have a problem

Thanks all,

I have account with FXopen, FXchoice and Evolve.

With FXchoice I had a problem when withdrawing 2.7 BTC the transaction got "lost" so I needed chat to support saying that the BTC transaction wasn't sent (but the MT4 account was emptied). After speaking for 20 min or so with them they decided to send my BTC.

Maybe a bug but anyway it was a worrisome experience but the support was reactive and nice.
Great they ZERO swap on BTC pairs and OIL !!! Very competitive.

That said I feel uneasy to trust them with 18 BTC at once...

With Evolve: had no problem to withdraw 2.5 BTC but need wait up to  24 hours before they finally send you money ! quite worrisome TBH.
Always fear they run out with the BTC. But good broker overall.

Auto withdraw with 2FA or so will boost confidence from traders IMO.

The last one FXOpen seems good but have crazy swaps (18 % APR if I recall) I saw they open "Muslim account" (swap free) I wonder if you need to be Muslim to get that kind of account. As a swing trader (I prefer catch mid and long term trends) SWAP are a no go for me.

As a victim of Btc-e recent raid by FBI and got through nearly anal probe to get back my money (I still think it was tentative of scam using the KYC procedure as excuse) I have lost nearly all trust in custodial service especially random bucket shop like that.


TDLR: The crypto currency space lack severely of reliable MT4 solutions with BTC as base currency, hope it change in the future.

I wasn't efected, but if you guys realy think there was someting fishy in this case I suggest to file a case at FPA court: http://www.forexpeacearmy.com/forex-reviews/11922/www.simplefx.com

i think simplefx is scam! This problem was not technical! they took almost .5 btc!

This is my experience:

1Broker (no MT4): deposited till 15 BTC on account and withdrawal till 5 without any issue
SimpleFX : deposited till 150 BTC on account and withdrawal till 50 without any issue
Evolvemarkets: deposited till 5 BTC on account and withdrawal till 1 without any issue (except time for process transaction, that in some cases was arrived up 48 hours during week end)

I always prefer instant withdrawal brokers (for FIAT too - I use Exness, OctaFx), and if possible regulated broker with good standing on FPA.

PM me if you need more help about

generaly speaking you have the choice between anonymous trading with automatic withdrawal, or a secure broker with KYC which sometimes even call you on the phone to confirm a withdrawal. FxOpen.com has limited autmatic withdrawal, BUT atm I can't even check the BTC limit there for you to see (giving error message).  for LTC the limit is 137.15163484 LTC for example

And Simplefx had some issues in past days

Any good reliable MT4 forex broker with BTC as base currency for 18 BTC capital ?

Checked the brokers in the list on first page but I am reluctant to trust them with 18 BTC capital.

I search with low or no SWAP.

My main concern is they scam my money.

Evolve Market and FXCHoice look good but no automatic withdrawal is a little scary.

well, it is...hence the title of the thread.

I tried to catagorize the brokers as best as possible. a conservative forex trader would only use the first one.

i think every broker that accept okpay, we can deposit with bitcoin at them as we can add fund to okpay with bitcoin and litecoin

S0meone recommends me umarkets.com where you can trade forex and crypto. But I have no idea if this is a good, a scam site or a good trading site.

Honestly, I feel like all these Forex trading sites with BTC deposit and withdrawal options are scams. I've tried a couple and everything is fine when you're depositing BTC, but when you want to take it out there is a problem or a delay or like the guy on this thread is saying, they make up some BS excuse of some error due to technical difficulty and don't take ownership of what happened.

that sucks, but you should post this on their topic here in the forum so that you can discuss it and even find other people affected

Simplefx is scam. i withdraw 0.45 btc yesterday. Simplefx canceled.(we have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our BitcoinCash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we are forced to cancel all BCH trades placed after the above-mentioned time.)

Thanks for your advice and understanding, capoeira. I've joined FxOpen since 2012. Will try myfxchoice to empower my btc.

for a conservative trader the best options are

my.myfxchoice.com

FxOpen.com

since they are solid players in the Forex market. you might want to compare things like spread/account types and so on to choose between the two.

EDIT: if you want to deposit BTC and transform it into $ (dollar based account) choose the former, since the later has a huge spread on this operation.

Hello, capoeira. I need your advice. With many brokers on your list. What broker would you recomend for me? I have long and familiar with forex trading using USD. And now interested in trading forex using bitcoin (because i have btc in wallet that never used). Thanks, maybe you can send via PM.

I don't think so, but you better ask their support

any big withdraw from simplefx?? 5-10 btc? any problem??