Topic: trading Forex with Bitcoin deposit/withdraw - page 32. (Read 120495 times)

A friend of a friend, not my account as I haven't used your service. I would like you to provide more detail regarding this case based on what you said. I would like to use your service in the future only if BTC deposits and withdrawals of any size are accepted without restriction.

BTC is a vital step to cutting down fees associated with moving money. If some companies take advantage of these lower fees without passing them on to the customer, the use of BTC becomes less significant and I'm eager to see more volume in btc than creditcards,paypal, and wiretransfers.

 I don't know the dollar amount of the request in btc. However you stated "large withdrawal". Can you tell us the exact amount of what is considered large?

And explain why there are 1% withdrawal fee? Is there a cap on the withdrawal fee ( max value).  Thank you

if you want a BTC dominated account, take a look at: https://1broker.com/m/r.php?i=229

OK I will answer to your question regarding trading Forex with Bitcoins. It will not be possible, because in Forex market main currency is only USD. Simple as that. All Forex is working/trading with USD and all brokers in Forex is also working/trading with USD. I do not think that in next 20 - 30 years in Forex market can be changes in that.

I sent an email to fuzzbuzz at the email address given below the username.

@fuzzbuzz I'm kindly asking you to post the information once this subject is cleared up

I only happened to view this thread today by chance, so please direct all questions to our company's thread only otherwise you will likely not receive a timely reply.

I was not the one who said this to you, and I need to look at your account to see why this was the case. Please email me directly to the email address to the left (below my signature) so I can see your account number. I will get this straightened out. No one should be recommending a wire transfer unless you are asking for a very large withdrawal.


We offer deposits and withdrawals using Bitcoin. There are no restrictions. We generally ask that people deposit and withdraw using the same method (so we don't have to move funds around internally) but it is definitely not required. With credit card deposits, we do require that the original deposit is withdrawn back to the card first before withdrawing profits. This is simply to avoid people depositing with a card, withdrawing via Skrill, or some other method, and then initiating a chargeback. Otherwise there are no restrictions. We also offer PayPal deposits and withdrawals too so this should make funding your accounts much easier.


fuzzbuzz -- please contact me directly to my email address as mentioned so I know who I am speaking with and so I can take a look at your account.

indeed there is much garbage on the list.
perhaps I should change the concept of this thread from "complete list" to "recomended list"?

Forex-Metal = Spread from market maker . Not ECN.
https://forex-metal.com/home/contract_parameters?locale=en_US&localeHost=en_US

Pip-Striker (Red Flag)
I searched all live accounts on Myfxbook database and only 1 real account pops up.
http://www.myfxbook.com/members/jac4ex/harbhuji-dholakiya/997589
http://www.myfxbook.com/members/jac4ex
The trader is from India and his only 2 comments on the site are to advertise for PipStriker and another broker that already disappeared - http://www.efxbank.com/
His comments - http://www.myfxbook.com/reviews/brokers/efxbank/692228,1

swiss allied brokers has Zero Real accounts at myfxbook. That should be enough for a warning sign.
http://www.myfxbook.com/systems#?pt=6&p=1&profitType=0&profitValue=0&ageType=0&ageValue=1&drawType=1&drawValue=99&systemType=0&tradingType=0&accountType=2&lastTraded=1095&size=20&tradesType=0&serverOid=800®ulationType=0&sb=19&st=2&autoTradeSortBy=19&autoTradeSortType=2

Nova Forex (Red Flag)
spreads from market maker - https://novafxtrading.com/ForexConditions
Their MT4 server doesnt show up on myfxbook, so I downloaded their mt4 platform from their site. After opening a demo account, their Registration confirmation came from - http://www.novatradex.com/ which is no longer valid ( expired domain) - http://www.forexpeacearmy.com/public/review/www.novatradex.com - Bad comments from India and Nigerian Customers complaining about not getting their profits. Also their Demo server(mt4) is displaying a Fixed Spread of 3 pips on EURUSD ( ECN brokers normally under 1.0 pip).

TradingForex Comapny is also same as Traders-Trust
This is disappointing.
BTCe at 365 atm and a deposit with OKpay = 1 BTC=353.080000 USD , difference of 12USD per BTC,
If I found $10,000 (27.39BTC), I would lose $328 instantly, about a 3% fee. Currently bitcoin isn't suitable when a wire transfer costs $35-50.

@Pinky, Confirmed. TrdingForex Company, offers Deposit via OKpay only, and Withdrawal not an option.

It seams okpay will accept btc, but not sell them - https://www.okpay.com/en/services/accept-payments/index.html

So you can only deposit using bitcoin, but withdraw only with traditional banking methods?

@TradersWay,

Can you explain why a Withdrawal in Bitcoin can be denied and your company recommends with response to use a Wire transfer instead?

Hahah, no worries! I completely understand 

I assumed you had just confused two of the many brokers that you have included in your list. I just wanted to fly in here and make sure it was cleared up quickly. 

man, I'm so sorry. I confused the names....actualy you can see that my reply doesn't make any sense. guess it was the effect of the cachaça on sunday lol

We at Trader's Way are not affiliated with "tradingforex" in any way. Also, I personally don't know how tradingforex sells its bitcoin. Trader's Way (not tradingforex) sells its BTC on BTC-e at the prevailing market price. I just want to clear up any possible confusion.

After we got the Bitcoin service implemented on our site, I personally sent my own BTC from my wallet and had it converted by our system. At the time, I received $4.66 for 0.01 BTC, which was spot on at the time (I checked the exchange rate frequently as my BTC was on its way to the Trader's Way wallet).

Anyway, just wanted to make sure everything was clear.

this is a list, not a recomendation. You must not forget also that Forex-traders would call the big BTC-exchanges scams also. At least you can choose a fully regulated and tested broker in FOrex




it's not (only) a matter of leverage. I don't even think with Bitcoin you should use something like 20x. But also a matter of spread, liquidity, speed of market. Forex is another market. I like trading BTC, IF it moves. When it doesn't move you sit the whole day watching the graph without being able to trade.

Yes our trades actually execute on our supported exchanges (Bitstamp, Bitfinex and itBit)

After a bit of research most of these brokers to have vast complaints world wide. This doesn't necessarily mean they are scam/bucketshop brokers however, it is cause for concern.

With several high leverage Bitcoin futures brokers now avaialbe (5:1, 10:1, 20:1) why not trade with a known/proven btc or ltc futures exchange rather than risking btc with possible scam forex broker.

not yet, but I will



well, user TradersWay.JC said they sell and buy the coins on BTC-E. where did you get that information?

did you fund and try trading at tradingforex - I found out they use OKpay for processing and exchange rate is far off from all exchanges. okpay trustworthy?

afair avatrade uses Stamp as pricefeed, so you could use a demo-account there. but you will have their artificial spread included + no feed when forex is closed (weekend)