Bitcoin Forum

Hi, I am an admin at Nonko Trading, I am very enthusiastic about the development of BTC currency.  As such, I am currently spearheading a project of allowing clients to join our firm using BTC.

We are a first mover on this specific type of structure.  So we are open to suggestions and constructive feedback.

I've gone through many posts on this forum and it seems one idea comes to mind.  Trust.  So this is our attempt at letting the board know we are available and we want to establish a line of trust.

After reading this post So you think you're going to start a Bitcoin business, right? (https://bitcointalk.org/index.php?topic=124441.0) We made a check list

1.  Click here for Our version of a business plan (https://docs.google.com/document/d/1hpPugqSmwKBWb_MT_rprVr-hVCPcnNp_zk6eCR_xqnM/edit?usp=sharing) - Done
2.  Member of the Web of Trust (WOT) - Done
3.  Announcement on our Company Website (http://www.nonkotrading.com/trading-checklist/join-using-your-bitcoins-btc/)

Are you a government registered broker (if required in your country)?

No, we are not registered nor are we required to.  We are a private trading firm.

See here (https://bitcointalk.org/index.php?topic=124441.0).

Hi, MPOE-PR, Yes we are aware, We are BTC Virgins. 

We wanted to avoid building up our ratings with small transactions for the +1, just for the sake of getting a score.  We don't want to be seen as one of those eBay users with (9999) feedback.

Would you recommend that we build the ratings specifically on transactions related to our business?  Any feedback is welcome.

I like the OP of MPOEs Bitcoin business topic, but I wasn't expecting anyone to follow it! Thanks for your great introduction.
I almost feel bad that I'm not into trading on traditional exchanges.

Just wondering but do you really have any thing to backup that your real and wont steal our money?

Also do you plan to lower the limit for BTC? I was thinking about putting some inbut 500$ worth is quite a large sum for just some random site

Are funds kept in Bitcoin denomination (as profits and loses) or do you just convert to BTC to fiat? Not really an advantage if so.

Yeah, no stock will outperform Bitcoin.

I think you miss the point, this is actually a huge advantage because you can diversify money you make with Bitcoin into stocks without having to go through an exchange, then a bank account.

OP, will you be converting BTC to fiat?

Also, will we be able to withdraw in BTC?

What's minimum account size?

Luceo if you check the site minium account size is 500$ but it also says a normal US $ account minium is higher
"Limited time offer for BTC users……Start trading with as little as $500 USD…. our non-BTC clients typically start with $2500-$5000 USD"

http://www.nonkotrading.com/trading-checklist/join-using-your-bitcoins-btc/

If the point is having your shit tied to fiat money, then yeah, I am missing it.

The problem here is that the "major" markets are fundamentally broken.

I hope I don't have to review specifically why, as you should already know. Between High Frequency Trading snatching fractions, inane monetary policy from the Federal Reserve (to the tune of $84 Billion a month) - why in the hell would I want to invest in a market that is prone to systemic failure?

Also, why would I want to invest in sovereign currencies via Forex?

I realize not everyone thinks as I do, and they're free to do what they please, but I would beg some of them to reconsider. When the big "adjustment" comes, you won't want to be anywhere near a conventional market, at all.

I appreciate you did take the step to register.

The thing is, it pays to take the time and build a reputation. Not a lot of +1 transactions from nobody as those won't really help, but actual deals.

I guess the best advice in the end is just don't be in a rush.

Also, bitcoin-assets (http://webchat.freenode.net/?channels=bitcoin-assets) isn't such a bad place to be.

okay cool 100$ ill probally sign up and start tonight. On a side note for deposits/withdrawls are they instant or nearly instant? For example If i deposited lets say 10BTC today and bought lets say google stock and it went up could i sell tommarow or even the same day and withdraw to BTC?

Also do 100$ for acccount mean that the account must always have 100$ or just to start you need 100$ in it

Deposits are instant and you can trade the same day.

Trades that result in a profit would need one day to settle before you can withdrawal.

Example:
1. Let's say you send 10BTC, which is approximately $211.90 at today's market rate, you wouldn't be able to buy GOOG, but you can buy about 3 shares of QQQ ($67.19).  
2. If those shares went up $10.00 to $77.19 today.  You can sell those 3 shares for a $30.00 profit.
3. Tomorrow after the trade settles, your account balance would be somewhere around $241.90 minus cost on commissions $7.98 ($3.99 each way) and a $9.50 web-platform fee. Total real balance about $224.42
4. Assuming you make no trades that same day that you want to make a withdrawal, we can send you $224.42, which is about 10.59BTC
5. A gain of approximate .59 BTC

Your account doesn't always have to have $100, but the less money you have the less buying power you have to acquire shares.

Private Domain Registration that was registered a year ago
PO Box on some island
A phone number in Vancouver
And you're in Dallas

Smells fishy.

Since he's in USA, he needs to be licensed properly.

Hi Vampire,

1.  The website itself is relatively new, however the entity is older and was established offshore to avoid heavy compliance. 
2.  PO Box belongs to our offshore agent, Morning Star Holdings, in the Island of Nevis, an offshore tax haven.  Many other companies use this exact same address.
3.  We have a Vancouver number because we have many Canadian traders and that makes it convenient for them to contact us
4.  There is an independent contractor that refers traders to us that might live in the US, but we are not a US based company and have no operations in the US

Since we are NOT a broker or brokerage firm, nor do we offer any trading services or investment advice, we do not require a license.

Just made my account and I have to say that the admin(alphaguru) is quite nice and was very helpful helping me setup my account and learn how to use the site.

The site/trading interface its self didnt seem to hard to use to me and im quite new to trading. All in all my experience has been pretty good nothing really to complain about at all. I would recommend anyone who likes BTC and wants to get involved in the stock market use this as its the only stock market accepting BTC to my knowledge.

So what service exactly are you providing?

Me neither, what I see is "fee","fee" and "fee" on his page. But for some tradings with BitcoinNYSE or BitcoinApple, we got 1Broker provide leverage trading for not cost at all

By trading with our firm and we provide you with access to NYSE, Nasdaq or AMEX markets using your bitcoin to buy shares.  Trading with us you are not limited by the PDT (Pattern day trading) rule.

We provide a service, therefore we do charge fees.  It still is a business.  1Broker is an option for users and so are we.  Trading with us you are not limited to specific companies to trade.  You are free to trade any listed stock, ETF's, Currency Shares, Commodities etc on the major exchanges.  We provide intraday leverage for users that want access to capital.  We provide overnight leverage for users that have a significant size account.

when i first opened this topic btc was $27, now its fluttering at $40

if you feel this is gonna be a bubble, feel free to diversify

meaning, if you were able to secure btc at a cheaper price than it is now and was able to profit from its increasing value, you can book some of those profits by putting it in different assets

in case the situation arises where btc falls in value you can prevent from being caught in the bubble by moving assets around


for example: when you buy a stock, earn a profit, and then move the money to bonds and keep it safe. instead of letting it run and risking the stock price falling down

(10) I will soon bring it on a full report about my relationship with exxe and 1BTCroker. Stay tuned.   :-X (10)

we invite you to include us in your full report... we can show you how it works all the way from opening an account, trading, reviewing reports and withdrawing money. 

Sound interesting. After a first look at your site, it is pretty well designed, but it miss on F.A.Q. the most basic information:

What is the minimum cash deposit to get started?

This really made me feel bad.  ???