I'm not too worried about financial regulators warning against a Bitcoin forex exchange, in fact I would expect it since obviously it cuts them out of the picture.  Its all about reputation, if someone lost money on bit4x or were scammed/didn't get their deposit back then that is important to me ... everything else doesn't seem to matter besides if the exchange actually does what is supposed to.

From what I can tell bit4x doesn't seem to be very popular so I am hesitant, if I put in a big deposit would they just pick up and run?

An intersted concept, for a full Bitcoin Forex exchange, would be for some way to have Bitcoins in a multisig/escrow type account.  There would be a clear contract obviously stating you are responsible for forex losses/gains.  This would prevent the exchange operator from stealing your funds though.  
Since the exchange operator wouldn't have direct access to the funds immediately, then he would have to use his own funds to do the trading, so something like this

Forex operator has a wallet of say 20 BTC
Customer comes and wants to "deposit" say 4 BTC to use Forex
Customer puts 4 BTC in escrow account with terms that he is responsible for loss/gain
Forex operator uses his own 4 BTC to let the customer trade with.
When the customer wants to cash out (either he gains or loss), Forex company sends him the account balance (lets say the 4 BTC turned into 2 BTC with losses, Forex company sends customer 2 BTC).
Money is released from escrow, and any disputes there is clearly evidence logs of trades/profits/loss

Of course there would be fees for the Forex company since they have to have BTC reserve to actually trade with, so going through this process ties up their BTC holding so it needs to be worth their while.

opinions?  also it would rely a lot of the Escrow company being somewhat "smart" and being able to look at forex trading history in case of disputes (if the customer claims he didn't lose money but he did)

Also, there is the possibility that the Forex operator keeps the money, say the customer turns the 4 BTC into 40 BTC with trading.  The Forex company could decide to just keep that and forfeit the escrow deposit of 4 BTC.  In this case then the customer would want to "cash out" when his winnings exceeded the escrow amount and start over.

www.bit4x.com/ any feedback?  This seems like everything great on paper, low fees, full BTC integration, etc.

it would be interesting to read comments on how this shaky Eco environment affects your use of your preferred Forex Trading platform.

I don't like FOREX. Seems to be it is only kind of sandbox for big kids. But trading bitcoins would be good idea

We appreciate the support you guys! Bitcoin is definitely a great start to the free currency revolution (and I hope the revolution continues to evolve as it has over the past few years). Please consider signing up for an account with us and getting it verified. You will then be able to sign up as an affiliate so you can earn some money off of your affiliates' trading. If your friend would like me to look into his issue (with the bank wire vs the BTC withdrawal) just tell him to email me.

The number of Bitcoin deposits has been good thus far although I would definitely like to see a bit more. Hopefully as we grow and the word spreads, we will be more established in the Bitcoin community (it has been just three short months that we began working on our Bitcoin project, and a little over two since Bitcoin came online on our website). If you guys have any further suggestions, let me know. Currently we do not have enough demand for BTC denominated accounts nor having the BTC/USD pair on our platform. However, if the demand grows it is something we would consider. As Bitcoin is open source, I invite you to let me know of any services you would like to see at Trader's Way so we can continue to evolve ourselves.

Thank you for your kind words.


Joe Carney

Thank you for clarifying and providing the most important innovation of BTC to the public forex community. I will happily spread the word.