Going offshore to escape the CFTC

BITCOIN EXPLAINED IN MORE DETAIL

Enjoy!
hyperscalper

VISUAL DEMONSTRATION OF BITCOIN-LIKE BLOCK LINKAGES

Enjoy!

hyperscalper

Received this email from Trader’s Way:

EVOLVE.MARKETS STATEMENT

Dear Traders,

On August 1st 12:20 pm UTC there is a scheduled minority attempt to hard fork the Bitcoin blockchain to create a new altcoin called ‘Bitcoin Cash’. Evolve Markets does not support the split or distribution of any altcoin forked from the Bitcoin network. Bitcoin Cash is not the first fork of the Bitcoin blockchain (Stellar Lumens, Byteball) and most likely will not be the last.

Customers who wish to have access to the forked altcoin ‘Bitcoin Cash’ should withdraw from their Evolve Markets trading account by Augst 1st 00:00 UTC at which time we will temporarily suspended withdrawls until network turbulance from the hardfork has past.

All BTC and related cryptocurrency trading on the platform will remain unaffected. As the security of client funds is our number one concern, all BTC on deposit will be safe during these events and kept in offline cold storage. Please note that in the event that the hard fork is successful, Bitcoin Cash will not be accepted for deposits and Evolve Markets will not be liable for any Bitcoin Cash sent.

Kind Regards,
Evolve Markets

Enjoy !
hyperscalper

Hello, anyone heard about rally trade? Are they reliable brokers?

COINBASE STATEMENT ANNOUNCING SUPPORT FOR BITCOIN CASH

Dear Coinbase customer,

We wanted to give our customers an update on the recent Bitcoin hard fork. You can read more about what a digital currency fork is here:

Forks enable innovation and improvements to digital currency and we believe that we will see an increasing number of forks in the future. We expect this to be a vibrant and innovative community.

When a digital currency forks, it creates a new digital asset. Adding new digital assets to Coinbase must be approached with caution. Not every asset is immediately safe to add to Coinbase from a technical stability, security, or compliance point of view.

Our top priority is the safety of customer funds and we spend extensive time designing, building, testing and auditing our systems to ensure that the digital asset we support remains safe and secure. We may not always be first in adding an asset, but if we do, you can be sure that we’ve invested significant time and care into supporting it securely. We believe this is the best approach for us to maintain customer trust.

In the case of bitcoin cash, we made clear to our customers that we did not feel we could safely support it on the day it was launched. For customers who wanted immediate access to their bitcoin cash, we advised them to withdraw their bitcoin from the Coinbase platform. However, there are several points we want to make clear for our customers:

Both bitcoin and bitcoin cash remain safely stored on Coinbase.

Customers with balances of bitcoin at the time of the fork now have an equal quantity of bitcoin cash stored by Coinbase.

We operate by the general principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events.

Over the last several days, we’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.

We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time.

Once supported, customers will be able to withdraw bitcoin cash. We’ll make a determination at a later date about adding trading support. In the meantime, customer bitcoin cash will remain safely stored on Coinbase.

Thank you,

Coinbase Team

hyperscalper

Ehhhh!!!These tradersway responses are looking too “promotionally” suspect.I wanted to believe but somethings off every where i look.

Hello. @LiveOne

Would you like to elaborate a little bit more.

Thanks.

Isn’t it funny. Coinbase decided to support bitcoinCash after there were reports of them getting sued for not giving the free 1:1 BTC:BCC. And the BCC that they will give out will only come after about 4 months. Who know what they will be worth to investors at that point :slight_smile: [disclosure: I have an account with coinbase and I’m also waiting to get my BCC]

BTW I’m still researching some decent Bitcoin brokers. Any suggestions there outside of Evolve markets

I too had the same experience, also a MO resident, with the same referral to Forex Trading Pro, which I did sign up for, but have not commited any substantial amount of money yet. Looks to be a sister company of TW, with the same terms copied over from TW; the backend card processing is the same. I suppose there is some quirky piece of legislation somewhere in MO law; strange though, it’s a loosely regulated state compared to some. Have a casino on the river in my little town, too, 30 min. walking distance…:wink: But, SVG has a little looser regulation,so they can get around whatever issues involve Missouri.Dominica, I believe has been tightening up a little I think. Will report if I get some more experience w/FTPro.

perhaps there is room here for a thread on futures and options - certainly something id like to look into in more detail…i’m a veteran spot fx leveraged reatil trader, but my god have I waited for a more in depth view on how to transfer to options / futures…

Just food for thought

Sounds like Boonville! Bad nights at that place, ha. But I ended up using FX Choice and not FTP. Thanks for the heads up, and do let me know if any issues/positives about FTP.

1 Like

This thread is dedicated to the challenges presented to U.S. persons due to the actions of the CFTC. These challenges include access to Forex brokers, funds transfer issues, and the pressure on offshore brokers to refuse service to U.S. persons.

To the extent that these restrictions exist in Options or Futures, then such posts would be appropriate. I don’t know, since I do only Forex.

hyperscalper

It’s ok - I meant a new thread; not bolting on to this existing thread, obviously.

Any Broker recommendations for trading from South Africa?

This is a fantastic service you are doing here! Thank you so much.

That’s sort of off-topic for this thread, but there may be some traders here who can answer your question.

And – what the heck – we’re pretty tolerant of off-topic discussions here :sunglasses:

Thanks for the kind words.

And welcome to this thread.

Here’s a good article by Alex Nekritin, the Managing Director of Nekstream Global, published today in Finance Magnates, which addresses the question of cryptocurrency liquidity for brokers who want to offer cryptocurrency trading to their clients.

The article is written specifically for brokers. But, as clients, we can learn a lot from this article about the internal mechanisms supporting our cryptocurrency trading.

The article is well written – I found only 3 typos in it :grinning: – and I recommend it to readers of this thread who trade (or might be thinking of trading) bitcoin or other cryptocurrencies.

Lol.Im truly not trying to look like a spam artist I swear.I learned a great deal from this site but have gotten the feeling that this site is utilized(maybe created) by the other side(those who dont really want you to succeed) or been hijacked by the like.What are the freaking odds of this Kingsman asking this question at this moment after my above statement??? See what I mean above???Why???Could be innocent???Could be SarCAsM???My mind is screaming sarcasm(wait 4 it).Lol.Even I, a so called american citizen has learned that South Africa offers a handful of brokers.Surely the logical thing to do for someone who plans to trade logically per say would be to research questions as such for self over seeking opinions of anonymous individuals of a group he’s only been part of for less than a week.Who does that???This is the suspect behavior I speak of.Whats even more suspect is that the ones who have said so much positive promotional insight about TradersWay have failed to mention that TW (which is said to be located in Dominica who has a Dominican Republic phone #)(these are 2 completely different places for the unlearned) requires you to send your deposit to a freaking hotel room(knowledge acquired by my banks) in SUNNINGHILL SOUTH AFRICA.This is why I took the Kingsmans well timed question as sarcasm.Its a damn shame how ppl will screw hardworking ppl who deserve a FAIR chance.BEWARE and BE CAREFUL.These scammers of the new age have evolved tremendously in this age.They work 9-5s as teams and have multiple accounts at hand with a masters degree in mental deception to rob whoever possible.Gaining your trust is the first step.