Not many recent posts for Whaleclub.  Is anyone still trading with these guys?  I checked out the platform.  They use Tradingview -- nice!  Good variety of instruments, but frustrating if you trade the stock indexes.  UK100 trades even during the asia session, and 2 point spread is pretty good.  But they can do better on the US indexes.  1.5 points for S&P500 is 3X what other brokers offer.  Recently they added the Russell 2000, but with a full 2 point spread.  That's 5X the spread OANDA charges for this instrument (for example).  Not suitable for daytrading.     

Hello,
Would you consider adding the Russell 2000 stock index to your offering?  This is a nice trending stock index that's hard to find among forex brokers. 

Simple FX,
With bitcoin continuing to go higher, have you considered cutting the size of your BTC contract, maybe to 50BTC or even 10BTC? 

Hello,
I've been checking out your demo account.  Looks great, except would you consider dropping the min contract size on some of your stock index CFDs?  For example, I'd like to trade USA30, but $21K is too much risk for me.  Thanks. 

My understanding is you get auto closed when account equity drops to 30% of required margin.  So, 30% x 7BTC = 2.1 BTC

e)   SimpleFX Ltd. is incorporated at Saint Vincent and the Grenadines under registered number 22361 IBC by the Registrar of International Business Companies and its operations are subject of the Saint Vincent law.
We are operating since 8th October 2014. Currently we are making all efforts to acquire FCA License but due to the fact that we offer Bitcoin & Litecoin accounts, the whole process is stretching over a long period of time as these institutions do not comprehend the whole of the process of Bitcoin transaction.

[/quote]

SimpleFX,
After receiving this coveted FCA license, do you foresee having to drop your offering to certain countries?

I hope not.  Anyway, my experience is that regulators exist for the "care and feeding" of the industry.  They don't give a crap about individual investor/traders.  Take the USA, for example.  Forex brokers used to offer "account balance protection" for the purpose of helping newbie traders build up their confidence in highly leveraged markets.  After SNB took the Franc off the Euro peg, some brokers such as FXCM ran into financial trouble, so what does the CFTC do?  They re-wrote the existing regulation to forbid brokers from offering account balance protection to clients.  Sheeesh, with regulator "friends" like the CFTC, who needs enemies.     

SimpleFX
Just wanted to send a word of thanks regarding your BTC/USD cfd.  I noticed you offer a positive swap for short positions.  Haven't seen this at other brokers -- a welcome surprise!   Aside from the bonus for short sellers, it is particularly helpful for bitcoin denominated accounts.  Sometimes I really want a break from the bitcoin volatility to focus on currency, stock index, etc positions.  Your BTC cfd allows me to put a hedge on my account without penalty.  Was able to use this feature to lock in account value around $1000 BTC/USD price, rather than withdraw the funds. 

I hope you will continue to offer this positive swap in the future.  If not, a zero swap BTC short would also work.  Again, thank you!

Hello SimpleFX,

Last May you mentioned plans to add some futures/commodity CFDs.  Since then, of course, you've added Japan and European stocks, which are great.  But my question is are you still looking to add more CFD on futures in the near future?

thx

Here's a no-KYC bitcoin broker of questionable reputation -- 796.com

This is a Chinese broker located in Seychelles.  They have been trading bitcoin "futures" since 2013, but recently added several CFD offerings, including the China FTSE A50 Index (BTC and LTC denominated versions).

Haven't traded with them yet, so can't speak to execution, withdrawals, etc.  I was a little turned off by the bizarre method they use to establish margin for the CFDs.  Basically you have to select either .05BTC or .1BTC per contract (5LTC, 10LTC) which works out to margin calls at 100 points or 200 points respectively on China A50.  Similar setup for the other CFDs.  Not allowed to put up any more margin than that initially, which is fine for short term day trades, but could easily create a margin call situation if holding overnight.  They should just let us choose whatever margin we want -- like 1broker does.

These guys are bottom of the barrel, but hard to find anyone else out there beyond what you've already posted.   

 

Having same problem.  MT4 account page accessed on BTC-e website is not working.  Click any button (change leverage, deposit/withdraw, etc) and the page just freezes, eventually times out with an exception.  Server may be disconnected or something like that.  MT4 platform itself seems to be working. 

Yes, suspicious.  In another place they say they offer "400 CFDs".  So where are they?  Somebody does seem to be getting ready to offer something on this site though.

This weekend the link to the MT4 download was dead, but today I was able to download the platform.  Tried a demo account to see what was there.  Not "400 CFDs", only 23 currency spreads, gold, silver, oil, and the usual stock indexes. 

Disappointing.  Spreads not bad though.  At this point I probably won't bother with them.  Waiting for those 400 CFDs! 

Hmm...  doing my saturday night web surfing, may have discovered a new Bitcoin Forex Broker start up.

www.bit10fx.com

Never heard of them. Facebook page says "launched in November".  So, this week?  The website isn't even fully functional yet.  Says they trade cryptos, forex, indexes, commodities, but I don't see an asset list. 

No explanation whether they will offer true bitcoin denominated accounts or just accepting bitcoin for deposit withdrawal. 

Also accepting neteller, moneybookers, credit card, so maybe this will be something like a Simplefx broker.

Located in UK but "regulated according to German securities exchange rules"?  Regulation means no dice for yanks

All this talk about currency CFDs got me thinking.  In the future, I wonder if 1Broker would consider adding Forex CFDs based on currency baskets, not just individual Forex pairs.  Baskets are a nice way to hold longer term currency positions.  For example, might offer a US Dollar basket versus EUR, GBP, JPY, and AUD:

1/EURUSD^.25*1/GBPUSD^.25*1/AUDUSD^.25*USDJPY^.25

FXCM offers a popular US Dollar CFD.  1Broker could expand on the idea and offer baskets for other currencies too.

Lite Forex used to have currency basket CFDs for several currencies, but discontinued them. Mirror Trader offers baskets for the above currencies, but the software just executes a macro order for individual Forex pairs at the same time, so not an actual CFD.

Just throwing out ideas here...

Ok, since I previously dissed FXChoice about the huge spread charged on their swap-free non-expiring Bitcoin CFD, happy to report they've cut the spread from 5 to 3, floats a bit, seems to average about 2.80 now.  That's $2.80 spread per Bitcoin.  Still not for scalping but swap-free good for longer term position or hedge. 

That was for just one overnight?  They advertise .12% long .1% short.

Been watching Bit4x too.

Like that they have agricultural CFDs, but their spread especially for cocoa is simply outrageous!  Basically $40 for a $3200 contract.  Who would trade that.  Would love to see 1Broker offer some AG CFDs.  Bet they can offer a better deal than Bit4x.

Might also want to consider FX Choice.  These guys are one of the better "offshore" FOREX brokers.  They began offering bitcoin deposit/withdraw with bitcoin denominated account several months ago.  Good selection of FOREX pairs and CFDs.  Be forewarned though, the spread on their BTC/USD CFD is terrible, but it is swap free -- no fees to hold overnight. 

It would be great to see more futures markets represented.  One idea might be a bond future like US Treasury or Bund.  Those are hard to find out there among Forex/CFD brokers. 

Just sayin' whatever software 1Broker eventually implements or makes available I hope they preserve the scalability feature. 

I'm actually glad 1Broker isn't using MT4.  One big advantage of these guys is the ability to scale my position based on a standard amount of bitcoin to do things like synthetic pair trading.  For example, I can go long XAUUSD and short an equal amount of XAGUSD to create a synthetic XAU/XAG trade.  Difficult to do this with MT4 based platforms because the contract sizes are all different.