that is interesting to hear
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thanks for the share
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COINBASE INSTANT BTC PURCHASES
Not always so âinstantâ. I have a debit card purchase which is hung,
and âwill be deliveredâ some time today ! LOL
It is âLabor Dayâ or âLabour Dayâ ! 
hyperscalper
CRYPTOBO BINARY OPTIONS OBSERVATIONS
Definitely, CryptoBO does not give you every time, the
full fixed contract duration you have chosen. This is
disappointing, since you may think you can predict 5 minutes
into the future, and then youâre stuck with an expiration of
maybe 2 minutes instead⌠[edit] I have noticed that these
"truncated" intervals always seem to end precisely on
a minute marker, though⌠??
Iâve read this criticism of CryptoBO elsewhere, so Iâm not
the only one.
However, they are âfairâ in judging whether your contract
is in or out of the money, and yielding the payouts.
They do not respond to support emails, but what did you expect?
LOL
[edit CONCLUSION] based upon my experience both in pricing
manipulation and not respecting options expiration durations,
CRYPTOBO IS A SCAM you have been warned. 
hyperscalper
None of the brokers would let me withdraw money out of my account. I would try and call each binary option broker and it would just ring. They would not respond to support emails other then saying you need to talk to account manager before withdrawâŚwhich is impossible to do and not necessary unless you are complete scammers. I did my research the best I could at the time with what the top brokers were and one of them was supposed to be the best called CTOPTIONS âŚthey have now been shut down for being crooks and stealing everyoneâs money along with all the other brokers I used to trade with.
CLOSEOPTION.COM BINARY OPTIONS
This company is based in the republic of Georgia, and is
fairly transparent. There is a very mild degree of KYC
with no documents upload that I can see. U.S. ip addresses
are not geo blocked, and U.S. is permitted in opening an
account.
Better choice of granularity of contract expiration times, but
I have not yet traded to verify.
One quirk is that they accept BTC deposit, but not withdrawal,
as that can be done with PayPal. A little strange. They are
very clear about this in terms and conditions. Here are
their FAQ page, about, and terms and conditions links:
https://www.closeoption.com/faq
https://www.closeoption.com/about-us
https://www.closeoption.com/terms-conditions
[edit]
https://www.closeoption.com/payment-method
[edit] for incoming BitCoin they use the service CoinPayments.net
and itâs important to send the precise amount of BTC to the
last decimal point. It works well.
[edit] They offer a trouble/question ticketing system, which I assume
will be helpful. Could this be a âfull serviceâ binary option broker? LOL 
âŚletâs not jump to conclusions at this stage !!
Oddly, they offer (at the moment) BCH/USD and I did not see
BTC/USD, plus a number of Forex pairs. (screenshot)
You can see payout percentages on Wins. [edit] I do not know yet
whether these payout percentages change with trading conditionsâŚ
Here we go, and Iâll report back as things evolve.
[edit] their Chat Support is very good. âAllisonâ actually took some time to think
about my question whether there was a Trading API available. There isnât.
But at least what seems like a real person is readily available !! 
[results] The Strike Price precision and latency are good. Contract intervals,
30s, 1m, 2m, 5m, etc are accurately timed. Wagers are in increments of $1
so if payout is 67% then firstly, they take your $1 wager, but then if you WIN
then return you $1.67 . One one occasion, it appeared the strike Price exactly
matched the entry strike Price. In that case, they returned $0.67 and I
guess kept the $1⌠that wonât happen very often. So far, so good, using
AUD/USD. Iâd say that volatility in Strike Price is good, if you can enter on
counter-trend âsnapsâ with a low latency⌠Satisfies that âgambling itchâ
but, seriously, if you have detailed micro scalping analytics, then it becomes
âmore of a scienceââŚ
[correction] wagers are in increments of $0.10 and you can enter any
amount you wish⌠Of course, sophisticated âdefensiveâ approaches can
be used where, say, multiple CALLs are made, with increasing wager
amounts, so that as price moves against you, you can effectively do
what would ordinarily be equivalent to âlowering your cost basisâ through
multiple price-staggered CALLs⌠but I digress â TMI 
Contract durations, and screenshot
hyperscalper
My guess is these are just some of the strange things you will seeâŚmore things are yet to be discovered I am sure. It is odd âŚyet not surprising that they will let you deposit in bitcoin but not be able to withdraw with it. The PayPal option will be done by them manually most likely and never happen. I would be very careful with the amount of money you decide to start trading with. Let us know when you are able to withdraw profits successfully.
I been saw closedoption on one of the websites I visit for us allowed traders. However further digging showed there was a lot of bad reviews with people claiming no payout.
Why you donât like nadex, their payout is a lot better and is regulated hence much safer. They have 5 minutes binary.
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Yeah, Nadex is a very complex topic. Too many aspects in response to your
question, but I feel that their market makers give poor pricing and, of course,
the Nadex model is complex. As I recall, a 5 minute âbinaryâ offers 3.5 minutes
of âtrading timeâ, offering a change to âbail outâ so to speak, and then
1.5 minutes to wait helplessly for expiration.
Of course with âsimple foreign binariesâ you are âhelplessâ for the entire
interval before expiration, as everything rides on the initial strike price
entry point. I like to automate the âbutton clickâ for the entry, with as
much precision as possible, which is a form of precision microscalping.
Comparing the approaches is sort of âapples versus bananasâ and certainly
Nadex tries to offer a value proposition with many more choices along
the way. I just donât like it; despite the fact that thereâs lots to "not like"
about so-called âsimpleâ or âclassicâ or âforeign binary optionsâ in the
areas of being possibly cheated on the outcomes.
Ya takes your chances, I guess 
not a sophisticated comment !!!
[edit] Nadex will never offer an API because its Market Makers would go
away. Same for âclassic binariesâ most likely, since an API would
give traders too much of an edge.
hyperscalper
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FXbrew has a new cashback program:
I received this email because I have a demo account.
"Our Cashback offer rewards you when you trade with us! Weâll credit your account with an amount based on the lots youâve traded as per the table below.
Stage1: 1 month 5lots 20% commission/lot
Stage2: 2 month 5lots 30% commission/lot
Stage3: 3 month 5lots 40% commission/lot
Stage1: 4 month 5lots 50% commission/lot
The cashback is yours to use as you wish â you can either withdraw or use it to trade with.
*only ECN accounts are eligible.
Terms & Conditions
Only currencies and commodities
Available on both MT4 & MT5
To reach to next stage, the client needs to trade 5 lots /month. If incase the client fails to trade the required volume during the period of 30 days or withdraws funds, then s/he will go back to the stage 1.
No position holding time limit
The cash back will be credited to the trading accounts on a monthly basis "
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cryptorocket update.
This broker might not have the best spreads, but their withdrawals are second to none, in fact their withdrawal has gotten quicker, i did a withdrawal for $600 yesterday took about hour i did one today for $700 took 20minutes. 
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REALLY GOING OFFSHORE TO ESCAPE THE CFTC
What a catchy title for a thread ! LOL
So one of my sons is a lawyer, and has expressed an
interest in a feasibility study for the Seychelles Private
Foundation wholly owning an offshore âIBCâ with
offshore Banking idea I floated earlier.
The whole point here is for âthe beneficiaryâ of the
Trading Company to be the Foundation, and the beneficiary
chain ends there. Therefore, brokerages should have no
issues with beneficiaries they are currently banning as,
just to take a random exampleâŚ, U.S. persons.
As I said earlier, this is âthrowing in the towelâ and really
taking seriously the âgoing offshoreâŚâ aspect of
this thread as the only viable basis for my business.
One suggestion: Perhaps a new thread could focus on
the issue for U.S. traders of establishing offshore operating
companies ?? Hint, hint; for Clint, Clint ?? :)
hyperscalper
Clint Clint says thanks, but no thanks.
It seems to me that you and your son, the lawyer, are way ahead of me in getting a grasp on this very complicated Seychelles Foundation concept. In fact, Iâm not even in your league on this one.
You guys are the ones who should explore this topic in a new thread.
This whole Seychelles Foundation thing is full of legal requirements, legal issues, and legal pitfalls.
Who better to lead the investigation of this concept than a lawyer? â And that ainât me. Sorry.
By the way, it wasnât so long ago that you called out one of our newer members for trying to task me with some new assignments. I liked the way you intervened on my behalf then. 
Whatâs happened to you, Hyperscalper? â I thought we were buddies.
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try sideshift (lol name changing novelty 101) with a VPN, itâs a foreign copycat version
Biggest DEX project im interested in is currently BlockDX/BlockNet
still trying to agitate for blockchain based decentralized derivatives
Iâm not trying to âsaddle you upâ for more work. To me, this is simply
the way things are moving since, as you pointed out (me paraphrasing here),
the trend line of available brokers is rapidly moving to zero. And those
which can be relied upon not to âkick us out with KYCâ are also nearly
zero, with no guarantees of being able to build a business on these
brokers.
Therefore, my point is that we literally need to go Offshore at this
point, and that the legal questions appear far fewer than alarmists
might suggest. After all, we are not talking about tax evasion or anything
illegal. We are only talking about providing the international brokerages
with an international entity for whom the beneficiary is not a U.S.
person.
You, @Clint -Clint, are the one who named this thread âGoing offshore to
escape the CFTCâ and so⌠Letâs GO !!! Iâm happy keeping things in
this thread, so Iâll contribute what I discover, until I get banned out !
Letâs figure this out, since there isnât a sustainable path forward
at this stage⌠I thought you would be interested to dig into the
Offshore business issue. Did I under-estimate your interest ?
Please continue to be my buddy ! 
WHAT DOES EVERYONE ELSE THINK ABOUT THIS?
Mainly itâs a question, instead of vetting brokerages, start vetting
services and consultancies which can get us set up to defeat
the ban on U.S. direct beneficiaries. Legally. And hopefully with
no more complication than any other business entity.
[EDIT] The goal here can be summarized as follows: Setting up an
entity for which a brokerage has âplausible deniabilityâ concerning
any U.S. (or other banned) beneficiary, after processing the application
with âdue diligenceâ. Brokerages will not want, nor need to go to too
much trouble or expense, in processing
the brokerage application, in order to make this determination.
There is no U.S. beneficiary when a Seychelles Private Foundation
wholly owns an IBC, so the final âbeneficiaryâ is the Foundation. At that
point, the brokerage is happy to provide services to the Trading Company.
Itâs not more complicated than that. Of course the setup is for a corporate
account, as opposed to a personal account. Nominee directors are
involved, incurring some administrative expenses from time to time.
[EDIT2] And the final goal is simply for the client to receive consultancy
fees (ordinary IRS income in the U.S.) from the trading profits Such income
can be pegged monthly to ongoing trading profits or losses. AND crucially
to have access to at least 90% of the existing international brokerages
which are currently out of reach to us as individual U.S. persons, of course.
[Edit] a good searchable forum on offshore entity formation: offshorecorptalk.com
hyperscalper
Hi, I have been following this thread for couple of months. I want to learn about cryptos in order to open forex trading account with cryptorocket or coinexx. the subject of cryptocurrency is very new to me but I want to learn it
I have some quick basic questions:
(1) to avoid volatility, which coin we shall use to transfer funds to the broker. I mean is there any comparatively stable coin which do not fluctuate a lot. do people use crypto based credit or debit card to fund their trading account?
(2) once the money hits account, do we ask the broker to change it back to US$ to avoid day to day volatility in cryptos. or, is there any other way to have stability in coins while itâs sitting in the account ? I intend to trade majors and gbp/yen, euro/yen.
(3) are there any website links that you wanna recommend me to go through to learn some basics about these coins to trade forex. have a good one, a US citizen
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I will answer your first two questions:
1.In order to transfer fund to brokers, you need to open account at exchange such as coinbase or gemini. There are other exchanges but these two are most reliable. There are coins that donât fluctuate at all. If you use coinbase, use USDC to transfer your fund. If you use gemini, use gemini dollar to transfer your fund. The value of USDC and gemini dollar are fixed at 1:1 vs USD, so when you transfer your fund, your money doesnât fluctuate.
2. When you open a broker account, set your account currency as USD, so any crypto hit your account, it automatically convert into USD.
If all you want to do is to transfer your fund between your bank and broker, then no need to learn other cryptos.
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Thank you so very much. itâs going to keep me on the right track. with these 2 brokers: cryptorocket and coinexx, do traders open account with 5 or 7K, or it should be smaller like 2 or 3K to start with. I just want to know how trustworthy are these 2 brokers _ just a rough idea.
Thank you very much for your time and efforts you put in to keep babypips source of great assistance.
Have a blessed day. TJ
I trade with coinexx, without any problem.
I know some trader on this forum has 7 digit account with coinexx.
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