Short term bitcoin trades with fx brokers is a nonsense because of wide spread. Regulation and safe place for holding money is the only comparative advantage of forex brokers that’s why I use my fx platform to open only medium term bitcoin trades, no HFT style trading
I concur with you on this…I have been trading with Brokers that are not regulated for more 2.5 years now.
I am very satisfied with their services and the low commissions…the only thing matters is your fund safety and No market making tactics from the broker whether they are regulated or not.
I have been reading this thread and tried setting up an account on Evolve and Coinexx (the dot com). After signing up what’s next? How does their account opening work? It may seem like a dumb question… but any reply will help
@MasonPorter its REALLY simple. I dont have an account with evolve, I’m assume the account opening process will be the same.
Fill up the form on the open an account page on coinexx website. Fill in the details you wish to disclose. In my case I just shared my email and name & gave the phone number field a pass…
Once you hit the sign up button, they will send you an email with the activation code. Use the code to activate the member area. And ta da… that’s it. You are signed up. No need for any documentation past this step for account verification. You’re DONE with setting up an account
Past this step, you can surf the member portal, set up a demo, test how different deposit withdrawal bonus functions work.
For deposit, i made a small deposit. the process works just on any crypto exchange. Transfer funds from an external wallet address to the wallet address listed in your member portal. You can check the process, whether your funds are received in the portal or not from within the portal. Once the funds are in they are auto updated to you account. you can then begin trading… Phew… it LITERALLY takes less of time and energy, then it took for writing this answer here … i hope it helps you and others… Cheers!
Great! I really appreciate you replying. Thanks Forex man!
Such a relief when you don’t have to fill up those long forms and share your personal documents.
Since I posted the list of bitcoin brokers here without doing much research over them (just gathering names from here and there). I’m glad to let @eddieb @beukesha @purtle know that I have created the thread after doing through research. Here is the link.
Suggestions welcome
Perfect! Will head there now and check it out! Thanks for putting that together!
My broker is JustForex and I’m glad they have finaly implemented new payment methods such as Bitcoin and Bitcoin Cash deposits and withdrawals with 0% comission
are the non esma ? will they be able to take eu clients ?
It’s pretty sad to see price of bitcoin right now. 1 btc - is about 6016$
Why you don’t move to regulated entity, there are clear benefits from it. At least compensation for you if your broker goes bust…
The only I tested so far is Exness, and to be honest, I was kinda surprised how easy it was. Sending and receival was basically instant. Here is a screenshot of my member area = https://photoshar.in/exness-member-bitcoin
don’t know for sure. I’m from Jakarta and here in Asia Justforex is a well-known broker
that’s why it’s better to trade cryptos on Forex now rather than on any Crypto exchange. your coins are storing in the form of fiat money as well as withdrawals.
How long have you been trading with them? Any trades on BTCUSD? Do you have information on their live spreads, not what they advertise but during the execution.
As i mentioned in my post that i do not want a broker trading against me whether they are regulated or not.
Some of the Regulated brokers i have traded with in the past were trading against the client trades…
Being compensated for if your broker goes bust would only be valid if the broker leaves you with some fund on the account by not trading against your trades…
Hassle free withdrawals more than makes up for any Trust related perspective for any broker.
Could you please name some of regulated brokers which are supposedly traded against you? Would be useful to prevent other traders to open account with them and prompt them to improve
As i know, regulated brokers which are supposedly traded against you are mostly market making regulated brokers. Here is list, like example of such brokers - https://55brokers.com/market-making-brokers/
Many people call Bitcoin the currency of the future. It is definitely a revolution in the digital currency area because it can be transferred from one owner to another privately and without the use of a middle man. Nova FX Trading, InstaForex Group, FXOpen Markets Limited these are some of the brokers accepting bitcoins.
Well the first one only offers cfd’s no forex, the second one is a bought out company trying to be alive,?
watch yourselves with these links, why was the initial poster banned?