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Topic: trading Forex with Bitcoin deposit/withdraw - page 27. (Read 120299 times)

newbie
Activity: 19
Merit: 0
November 14, 2015, 02:04:09 AM
Here's a no-KYC bitcoin broker of questionable reputation -- 796.com

This is a Chinese broker located in Seychelles.  They have been trading bitcoin "futures" since 2013, but recently added several CFD offerings, including the China FTSE A50 Index (BTC and LTC denominated versions).

Haven't traded with them yet, so can't speak to execution, withdrawals, etc.  I was a little turned off by the bizarre method they use to establish margin for the CFDs.  Basically you have to select either .05BTC or .1BTC per contract (5LTC, 10LTC) which works out to margin calls at 100 points or 200 points respectively on China A50.  Similar setup for the other CFDs.  Not allowed to put up any more margin than that initially, which is fine for short term day trades, but could easily create a margin call situation if holding overnight.  They should just let us choose whatever margin we want -- like 1broker does.

These guys are bottom of the barrel, but hard to find anyone else out there beyond what you've already posted.   

 
legendary
Activity: 2388
Merit: 1003
November 13, 2015, 07:14:04 AM
is registering with fxopen has to have a bank account or simply we just have to have btc address?
don't want them calling me later as well. I've tried trading with some broker, they tend to spam and calli me on the phone with a comeback promo.

They have many deposit methods. No bank account required. To deposit there in BTC and trade Forex you have to transform BTC in fiat though; and the spread of their BTCUSD exchange is big. They have cryto-accounts, but you can only trade cryptos with them.

The only times they called me was when I withdrawed BTC. They ask you if it is realy you doing the withdrawal.
legendary
Activity: 2212
Merit: 1041
November 13, 2015, 03:19:30 AM
is registering with fxopen has to have a bank account or simply we just have to have btc address?
don't want them calling me later as well. I've tried trading with some broker, they tend to spam and calli me on the phone with a comeback promo.
legendary
Activity: 2388
Merit: 1003
November 12, 2015, 09:45:19 PM
I have used First global credit and still trade there. Their trading interface is very simple and the verification process is super fast. There is a huge number of stocks to trade from, like they cover almost all sectors. I asked them several question about their business' legitimacy; they seemed very transparent about it. Support department replies very quick than I thought they would. And I just love the trading competitions they run every now and then.

Is anyone else here trading with them?


yea. it seams to be a great offer. I'm in contact with them. I will add info about this in the first post tomorrow.
I have information that they will have a new competition starting on the 23rd of November.
competition can be joined by opening an account here (no KYC needed): https://firstglobalcredit.com/register?refrence=%20rei
legendary
Activity: 2388
Merit: 1003
November 12, 2015, 09:35:10 PM
didn't read all the details in your thread but how much do i need to trade with fxopen?
I want my account to be able to earn $1/pip.

you need to buy 0.1 Lots on EURUSD for example, wich is worth 10000 Euros, divided by the max leverage of 500 = 20 Euros
OBVIOUSLY you need colataral money. I would sugest to deposit at least $100 to play 0.1 Lots.
read about position sizing and money managment
full member
Activity: 195
Merit: 100
November 12, 2015, 07:29:43 PM
I have used First global credit and still trade there. Their trading interface is very simple and the verification process is super fast. There is a huge number of stocks to trade from, like they cover almost all sectors. I asked them several question about their business' legitimacy; they seemed very transparent about it. Support department replies very quick than I thought they would. And I just love the trading competitions they run every now and then.

Is anyone else here trading with them?
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
November 12, 2015, 08:46:52 AM
didn't read all the details in your thread but how much do i need to trade with fxopen?
I want my account to be able to earn $1/pip.
legendary
Activity: 2388
Merit: 1003
November 11, 2015, 01:24:53 PM
also very strange this sentence:

Quote
Your investment will be guaranteed and secured by our company, as we have professional trader who has over 10 years experience in forex trading.

what kind of garantee is a "professional trader"? lol


prob. their claim that their company is registered in UK is false, too
legendary
Activity: 2388
Merit: 1003
November 10, 2015, 01:55:44 PM
Hmm...  doing my saturday night web surfing, may have discovered a new Bitcoin Forex Broker start up.

www.bit10fx.com

Never heard of them. Facebook page says "launched in November".  So, this week?  The website isn't even fully functional yet.  Says they trade cryptos, forex, indexes, commodities, but I don't see an asset list. 

No explanation whether they will offer true bitcoin denominated accounts or just accepting bitcoin for deposit withdrawal. 

Also accepting neteller, moneybookers, credit card, so maybe this will be something like a Simplefx broker.

Located in UK but "regulated according to German securities exchange rules"?  Regulation means no dice for yanks Sad


from "about us":

Quote
Bit10Fx is a leading provider of online forex trading services.

is it?

Quote
Established in 2014,...

yet the page looks like it was made yesterday

Yes, suspicious.  In another place they say they offer "400 CFDs".  So where are they?  Somebody does seem to be getting ready to offer something on this site though.

This weekend the link to the MT4 download was dead, but today I was able to download the platform.  Tried a demo account to see what was there.  Not "400 CFDs", only 23 currency spreads, gold, silver, oil, and the usual stock indexes. 

Disappointing.  Spreads not bad though.  At this point I probably won't bother with them.  Waiting for those 400 CFDs! 


it seams they use MT4 of this broker: fxtune.com

which hasn't even an entry on http://www.forexpeacearmy.com/public/forex_broker_reviews

I wont add this to the list atm....but I'll take another look in the future
newbie
Activity: 19
Merit: 0
November 10, 2015, 02:01:37 AM
Hmm...  doing my saturday night web surfing, may have discovered a new Bitcoin Forex Broker start up.

www.bit10fx.com

Never heard of them. Facebook page says "launched in November".  So, this week?  The website isn't even fully functional yet.  Says they trade cryptos, forex, indexes, commodities, but I don't see an asset list. 

No explanation whether they will offer true bitcoin denominated accounts or just accepting bitcoin for deposit withdrawal. 

Also accepting neteller, moneybookers, credit card, so maybe this will be something like a Simplefx broker.

Located in UK but "regulated according to German securities exchange rules"?  Regulation means no dice for yanks Sad


from "about us":

Quote
Bit10Fx is a leading provider of online forex trading services.

is it?

Quote
Established in 2014,...

yet the page looks like it was made yesterday

Yes, suspicious.  In another place they say they offer "400 CFDs".  So where are they?  Somebody does seem to be getting ready to offer something on this site though.

This weekend the link to the MT4 download was dead, but today I was able to download the platform.  Tried a demo account to see what was there.  Not "400 CFDs", only 23 currency spreads, gold, silver, oil, and the usual stock indexes. 

Disappointing.  Spreads not bad though.  At this point I probably won't bother with them.  Waiting for those 400 CFDs! 
legendary
Activity: 2388
Merit: 1003
November 09, 2015, 05:43:49 PM
Hmm...  doing my saturday night web surfing, may have discovered a new Bitcoin Forex Broker start up.

www.bit10fx.com

Never heard of them. Facebook page says "launched in November".  So, this week?  The website isn't even fully functional yet.  Says they trade cryptos, forex, indexes, commodities, but I don't see an asset list. 

No explanation whether they will offer true bitcoin denominated accounts or just accepting bitcoin for deposit withdrawal. 

Also accepting neteller, moneybookers, credit card, so maybe this will be something like a Simplefx broker.

Located in UK but "regulated according to German securities exchange rules"?  Regulation means no dice for yanks Sad


from "about us":

Quote
Bit10Fx is a leading provider of online forex trading services.

is it?

Quote
Established in 2014,...

yet the page looks like it was made yesterday
newbie
Activity: 19
Merit: 0
November 08, 2015, 02:18:47 AM
Hmm...  doing my saturday night web surfing, may have discovered a new Bitcoin Forex Broker start up.

www.bit10fx.com

Never heard of them. Facebook page says "launched in November".  So, this week?  The website isn't even fully functional yet.  Says they trade cryptos, forex, indexes, commodities, but I don't see an asset list. 

No explanation whether they will offer true bitcoin denominated accounts or just accepting bitcoin for deposit withdrawal. 

Also accepting neteller, moneybookers, credit card, so maybe this will be something like a Simplefx broker.

Located in UK but "regulated according to German securities exchange rules"?  Regulation means no dice for yanks Sad
legendary
Activity: 2388
Merit: 1003
November 03, 2015, 03:08:59 PM
I am using Instaforex as of now but I haven't yet withdrawn via bitcoins. They charge fee and that's the reason I chose PayPal as a withdrawal option which is best suited to me. It's the best trading platform compared to other trading websites as they allow you to earn your deposit and also allow you to withdraw the profit. I'm now trying to invest bitcoins and see how it works.


last time I emailed them they didn't accept BTC anymore. look at the first post. guess this chages acording to BTC price lol.

When did you email them? As far as I have seen last week and today as well, BTC withdrawal option is still available but they need us to withdraw atleast 50 USD which is why I am now working with ecoin.eu for bitcoins and on instaforex I use their Skrill withdrawal option. Other payment methods are just so expensive.


July 2014

1.5 years back? LOL!

Now they allow withdrawals via bitcoin for no fee charged but I am not sure of the deposit option though. I have a bonus forex account.

yea. I'm just saying that they seam to be very inconstant. sometimes they accept BTC, sometimes not
legendary
Activity: 2618
Merit: 1094
November 03, 2015, 11:19:09 AM
I am using Instaforex as of now but I haven't yet withdrawn via bitcoins. They charge fee and that's the reason I chose PayPal as a withdrawal option which is best suited to me. It's the best trading platform compared to other trading websites as they allow you to earn your deposit and also allow you to withdraw the profit. I'm now trying to invest bitcoins and see how it works.


last time I emailed them they didn't accept BTC anymore. look at the first post. guess this chages acording to BTC price lol.

When did you email them? As far as I have seen last week and today as well, BTC withdrawal option is still available but they need us to withdraw atleast 50 USD which is why I am now working with ecoin.eu for bitcoins and on instaforex I use their Skrill withdrawal option. Other payment methods are just so expensive.


July 2014

1.5 years back? LOL!

Now they allow withdrawals via bitcoin for no fee charged but I am not sure of the deposit option though. I have a bonus forex account.
legendary
Activity: 2388
Merit: 1003
November 01, 2015, 11:57:11 AM
I am using Instaforex as of now but I haven't yet withdrawn via bitcoins. They charge fee and that's the reason I chose PayPal as a withdrawal option which is best suited to me. It's the best trading platform compared to other trading websites as they allow you to earn your deposit and also allow you to withdraw the profit. I'm now trying to invest bitcoins and see how it works.


last time I emailed them they didn't accept BTC anymore. look at the first post. guess this chages acording to BTC price lol.

When did you email them? As far as I have seen last week and today as well, BTC withdrawal option is still available but they need us to withdraw atleast 50 USD which is why I am now working with ecoin.eu for bitcoins and on instaforex I use their Skrill withdrawal option. Other payment methods are just so expensive.


July 2014
legendary
Activity: 2618
Merit: 1094
I am using Instaforex as of now but I haven't yet withdrawn via bitcoins. They charge fee and that's the reason I chose PayPal as a withdrawal option which is best suited to me. It's the best trading platform compared to other trading websites as they allow you to earn your deposit and also allow you to withdraw the profit. I'm now trying to invest bitcoins and see how it works.


last time I emailed them they didn't accept BTC anymore. look at the first post. guess this chages acording to BTC price lol.

When did you email them? As far as I have seen last week and today as well, BTC withdrawal option is still available but they need us to withdraw atleast 50 USD which is why I am now working with ecoin.eu for bitcoins and on instaforex I use their Skrill withdrawal option. Other payment methods are just so expensive.
legendary
Activity: 2156
Merit: 1132
Thanks for the review. Interesting idea. Through traditional forex brokers to replenish the deposit and withdraw more slowly.
newbie
Activity: 19
Merit: 0
Ok, since I previously dissed FXChoice about the huge spread charged on their swap-free non-expiring Bitcoin CFD, happy to report they've cut the spread from 5 to 3, floats a bit, seems to average about 2.80 now.  That's $2.80 spread per Bitcoin.  Still not for scalping but swap-free good for longer term position or hedge. 
legendary
Activity: 2388
Merit: 1003
I am very excited to see quite a few forex trading sites that accepts bitcoin for deposit as well as withdraw...definately gonna try them soon but first i would like to know the experience of someone on this forum who have tried these earlier and anyone of these sites offer deposit bonus?


I have only personal full experience (= several withdraws done) with https://1broker.com/m/r.php?i=229 and http://www.fxopen.com/DepositWithdrawal.aspx?Culture=en&agent=836159
the best page for reading expierences with forex brokers is the garanteed independent http://www.forexpeacearmy.com/public/all_forex_reviews
1broker you wont find there though as it is no typical forex broker, it's on the other hand te most Bitcoiner tested service there is. check their thread here in the forum.

regarding bonuses check the webpages
full member
Activity: 196
Merit: 100
I am very excited to see quite a few forex trading sites that accepts bitcoin for deposit as well as withdraw...definately gonna try them soon but first i would like to know the experience of someone on this forum who have tried these earlier and anyone of these sites offer deposit bonus?
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