Going offshore to escape the CFTC

LQDFX have litecoin for deposits and withdrawals,im using 2 brokers who only use bitcoin and so far i been lucky the price didn’t move to much doing my withdrawals

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you would think all brokers who offer crypto for deposits and withdrawals would also offer stablecoin, but no life can’t be that easy for us traders

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There really is nothing one can do if those are the choices available. Keep an eye on the price. If price is in the middle of a sudden decline, then wait if you can.

do you think the brokers gives you the difference if prices went up

Probably not :rofl:

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If a broker that already allows crypto deposits/withdrawals, and only provides manual processing that can take more than 1 hour, then they absolutely must provide a stable coin option. Any broker that refuses to do that does not take the needs of their clients very seriously and should be told that.

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That’s why I support “eaglefx and cryptorocket “ the withdrawal time is up to 2hr max. I hope other brokers will follow the fast withdrawal.

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USOIL is toast. Currently at $0.01. Wow…

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it’s actually at $-37. My platform stopped at.01

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Is that even possible? :laughing:

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These poor oil companies

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How does withdrawing via PayPal/Coinbase on EagleFx work? Is that a way to bypass bitcoin fluctuations?

here you go

http://faq.eaglefx.com/3-withdrawals/what-are-my-withdrawal-options/

go to oilprice dot com

It’s not the spot price, it’s the May futures contracts which expire today. There is absolutely no storage

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whats going on Oil crashes 305% to -$36.73 a barrel

https://www.yahoo.com/finance/news/oil-crashes-lowest-level-since-113552445.html

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Oil prices go negative — and Washington is paralyzed over what to do

https://www.yahoo.com/news/oil-hits-penny-barrel-washington-182506176.html

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Did anyone notice the swap that was added to the buy side of WTI on FXChoice today? Normally, they don’t charge swap on WTI but today they did. When it opened, the swap was equal to the gains. It could have been devastating had price retraced after being charged swap. I’m waiting to hear back from support.

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Hi FXTraderPro,

What you are experiencing actually is nothing special. Everyone is in hype with WTI price although grandpipmaster pointed out the important info, which is it was all about the May futures contract.

And exactly today was the contract rollover for the June contract.

FXChoice did what many (maybe all) brokers do: what you gain at rollover on the move, you pay exactly with the swap. On the same note, if you lose money at the rollover because of opposite price move, you get it back with the swap.

I would be very surprised if you get any other kind of response from support.

I try to find a good video about what happened yesterday.

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This will do it:

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