Bitcoin Forum

Is anyone familiar with trading with regulated brokers like Avatrade? What is your experience using those platforms to trade cryptos?
I checked Avatrade and I am confused, you can withdraw only if you deposited fiat, so can not transfer your coins there and trade/withdraw, huh?
I am not sure to understand the advantages of using it...

Also, do you know others brokers like Avatrade, eToro,...? The ones you have ever used I mean...

Lets face it, they will tell you to invest specific minimum amount to trade and once you do that then you will have the strict limit of trading and earning the profits. In this case you must be having profits equal to or more than what you have invested into them. This is the rule for the trading121 website and I am not sure about the etoro but the sites which I used were the strict one about their rules. Guess what, we should not be trying out them because they get our money and its our fault if we cant reach the profits and take out the money.

I haven't tested out but I'm completely aware on how these regulated brokers do works when it comes to their own rules.Ive been on forex trading and most likely they do have those terms which is really strict.I visited Avatrade and I see they do include crypto and forex all together but I don't see a reason why would I use this one if my only motive or interest is on trading crypto. There are lots of better exchange which haven't not soo strict rules.

Why? Doesn't it go against all crypto spirit?

I agree with you, I don't see why people would accept some sort of control swift away from yourself. My hinge, personally, would be to not give in to any broker or any of the kind because you'd only lose money or worse get it all stolen from you. Just as a piece of warning.

When we trade crypto on regulated broker that mean we are not really trade the coin , but we doing buy and sell with contract called CFD/ Contract For Different. This trading product offer us to trade crypto by long and short potition with option of margin and leverage. For the better use this platform when bearish market of crypto. Some broker offer different spread for crypto trading and i know one of the broker that offer low spread is FX Open.

These regulated trader and brokers are centralized and do not share ideals of cryptocurrency.  If you deposit your money with them,  it will be your fault.  Cryptocurrency present an opportunity for you to trade without loss by trying out your trading with any amount.  You can also afford yourself copy trader services in cryptocurrency!

So nobody is using any here  ??? It's a bit surprising, I thought some people here were using it

Stolen how? I don't get you. These websites are regulated they are not going to steal your money and close your account like that

Regulated brokers can get scammed as irregulated.
Decantralized exchanges is the most safe way.

OP, those exchanges are not real cryptocurrency exchanges. I believe they do not let you buy and sell real Bitcoins. But they let you trade only in the movements of its price, like a futures market.

Yes, I know those exchanges aren't real crypto exchanges as we know it but those are more reliable than the ones we usually use.
They do let you buy/sell.
Anyway, I found a list from a link posted on the "exchange board" https://www.allfxbrokers.com/brokers/deposit-options/bitcoin

dumbass

Yes, some of them "might" be more reliable. But there are some exchanges that are as reliable as them in my opinion. Old exchanges like Bitstamp have been ok enough for me. There were some small delays in my wire transfers to them, but nothing big like not honoring my deposits.

Another old exchange that was good for me was BTCe.

That kind of trading is margin trading and very different with trade crypto on the exchanges, spot trading on the crypto exchange is less risk because no margin and although we are in loss , we still have chance to recover that loss by waiting for the next bullish trend. But in margin trading is not possible to recover the loss by the same way. My personally i prefer to trade on the spot trading without margin because less risk.

Trading product that offer by eToro and others regulated brokers is leverage trading, and according to research about 70%-80%  of trader loss money from leverage trading . This is true, because i has been jump in to leverage trading and its difficult to earn consistently profit.

I'm using this broker https://simplefx.com (https://simplefx.com/n/_7151) since 2015; I guess it's one of the best bitcoin supported brokers.

I'm still waiting for the moment they will add support for actual crypto currencies instead of solely offering CFD products. The same basically applies to the Robinhood platform.

Both services keep gaining popularity despite the trading volumes on exchanges is dropping continuously. BitMEX has been gaining popularity as well, which means that people want the opportunity to go long or short.

Spot trading seems to become less relevant, and I don't think it will change any time soon. It might follow legacy markets where most of the generated volumes come from options, futures, ETFs, and so forth

Good luck waiting. It's a nightmare for these relatively new parties in the crypto field to take care of people's funds. It requires expertise they don't have, which means they have to invest tons of money to hire knowledged employees (employees with expertise in the crypto field are scarce and very much in demand by almost any non crypto party), and I'm sure they aren't really in the mood for that.

It's much easier and far less stressing to keep working with cash settled contracts. That way people won't constantly keep bugging them with tickets about stuck deposits/withdrawals, why the transaction fees suddenly increased a lot, why there is maintenance going on, etc.

Don't forget that the average person in the crypto field has a pretty low crypto IQ. One fart and you'll be called a scammer as reputable service. You know what they think? No thank you.

Maybe he don't know what regulated broker do, But  risk of losing money in that business is still there, because  broker himself in my opinion is also a trader, and we  the only owners of capital for that.

Trade crypto on the that broker is use leverage, that mean the level of risk will be more high. Leverage trading is not recommended for beginner trader. Alot of broker not only offer pair of crypto and forex in the platform but also stocks pair as well. Before trade in this platform we have to learn in demo account first to know how many leverage and lot that we should be use to avoid margin call. I prefer trade on the spot market in crypto and stocks market because i think the risk is lower.

This is my first time heard about Avatrade, but I already heard about eToro but as what I remember, eToro is something related with marketing and if I don't mistake, eToro selling a coupon of many products. But I never have the experience to used both Avatrade and eToro before. But I found something interesting in here: https://blocksdecoded.com/cryptocurrency-trading-simulators/.

So if I check on that page, it seems eToro is like bitmex, but I don't know how it looks like, and maybe I will check it later. Btw, I have a good experience in bitmex :D
But I still prefer with bitmex to do leverage trading.

I think the first one that people use with huge amounts will be BAKKT, places that small that are not open to whole world globally are not going to get any attention from people that much. Bakkt will allow people to invest into bitcoin as much as they want and still be in the good side of the law. Right now there are too many places that makes the exchanges a bit "gray" instead of making it legal, its definitely not illegal but its just too gray.

Avatrade and similar stuff are like that, they are just too gray for my taste and I would rather wait and see what SEC says to move on with my investments. Of course if you are based on New York the bitlicense deal makes everything quite clear but there are couple million people living there and god knows how many of them are crypto people compared to all of us globally.