Thank you for your inquiry. That is a good question. We are considering the legal aspects of this but as of right now we have not yet created Bitcoin-specific accounts. Bitcoin is a deposit/withdrawal option, but our clients are also able to deposit and withdraw using our other payment options into the very same accounts, thus requiring ID and a utility bill to comply with AML guidelines.

Bitcoin deposits and withdrawals have absolutely no fees on our end now. Deposits are processed to your account in approximately 2-3 hours and withdrawals are processed by the next business day.

We cover the 0.2% fee when you deposit (plus the fees for withdrawing the Bitcoin from BTC-e), so you don't pay anything. However the fee for withdrawal is 1% which is well-below the cost of actually selling and buying Bitcoins on our end.

We have a deposit bonus. The way the Deposit Bonus works is you submit your deposit to us and ask for the deposit bonus. We credit your account with a bonus equal in value to that of your deposit up to $5,000. There will be two columns in your MT4 platform -- your "Balance" (which is the funds you have deposited) and "Credit" which will be your bonus. Say you trade 2 lots of your first day of trading; for each lot you trade we move $0.50 from the "Credit" column into your "Balance" column. This happens at the end of the trading day and will appear on your account statement as "Bonus to balance." So since you have traded 2 lots on the first day, your "Credit" will decrease by $1.00 and your "Balance" will be increased by $1.00. Thus, you can think of it as you getting some cash back (or a rebate) on a portion of your commissions. It will cost you between $5 and $8 per lot traded (depending on the currency pair) and you will get back $0.50 for each lot you trade.
 
Your "Credit" will disappear if you make a withdrawal. You also cannot fund your account and try to withdraw your original deposit plus the bonus we credited into your account; this is for obvious reasons. However, any "Credit" that moves into your "Balance" is yours to keep. So if you still have some bonus left on your account but wish to withdraw your funds, we aren't going to take the bonus back. You do not have to finish moving all of the bonus over into your balance in order to withdraw any of it.

The bonus is actually added to your equity on the account. So if you deposit $3,000 and receive a deposit bonus of $3,000, then your account equity will be $6,000. Effectively, this doubles your leverage on the account, as you now have twice the available margin on the account. But be careful, you cannot draw down into the bonus as you cannot lose our company funds with your trading. So even though your equity is $6,000 now, your maximum drawdown is still $3,000. You will need to pay attention to your margin used, your available balance and your drawdown very carefully.

Thus, if you treat this bonus as a simple rebate on commissions and do not do anything you wouldn't do on an ordinary $3,000 account, then you will be fine. Pretend it isn't there and be happy each day when your balance goes up a little bit. If you treat it as a way to further leverage yourself, you could get into trouble faster than normal.


Hope this helps,
Joe Carney

Yes, of course we accept Bitcoin. Please see the first post of this thread. We sell your coins at the prevailing market price on BTC-e and deposit into your trading account in either USD or EUR depending on what type of account you chose during registration. You can also withdraw using Bitcoin.

We have over 10,000 active clients worldwide and many more who have used us since our inception in 2010.

Yes of course. Trading the short term market noise is like gambling and will likely incur major losses if done consistently. I think anyone with an ounce of honesty should be able to admit that.

I have taken a screen shot of the spreads right now on our platform. It isn't the most liquid time but they are a pretty good representation of the average. This is on our ECN account so there will also be a commission of approximately 6 points on gold (gold will have to move 6 cents in order to cover the commission).




Hope this helps,
Joe Carney

Binary Options trading is not for everyone. Especially the short, 60 second trades. However we also have Forex trading available on our MT4 and cTrader platforms which may be more interesting to some clients. We have over 10,000 active clients trading Forex with us right now worldwide. If you have any questions about our services feel free to post here or email me (my email can be found via the button below my username).


JC

Another incorrect claim:


On the account for which you have supplied your screen shot, you have two such orders from August 10th:

7854888
7854901

Both of these orders were pending orders on EURUSD and both were cancelled by our server. This is because your account did not have enough free margin available to open the trades when it came time for them to be activated. The activation process is as follows: 1) Price moves to specified level and activation request is created, 2) Margin is checked -- if enough margin --> fill order; if not enough margin --> delete pending order.

Both of these order numbers above have the following comment on them in the MT4 platform (these comments can be seen by going to Account History, right clicking an order and making sure the "Comments" setting is checked) -- "deleted [no money]"

There were two more such orders last week with which the same thing happened:

7729456
7712242

These occurred on the 3rd and 4th of this month. I have only checked this one trading account and not your other one, but we do not go and delete people's orders or anything like you are insinuating. We have many thousands of clients worldwide many of which have very sizable deposits. Everyone is treated fairly. I see you have not withdrawn all of your funds neither. Please instead be respectful and send an email asking for clarification on issues (or post a respectful request here). There is no need to post on Twitter that we are "scumbags" without actually speaking with us first.


JC

See my post above to clarify any confusion.

Pinky,

Good catch you are exactly right. OwnZor is comparing candles that do not correspond with one another. I have attached the screen shot below to illustrate this.

https://cdn.pbrd.co/images/2Ch1ADBa.png

Zoom into it and look at the dates each candle corresponds with.

We actually no longer accept PayPal as earlier this year PayPal has decided that it cannot process Forex Transactions; I cannot speak on the basis of their decision, other than that this decision took place at the same time as the NFA announced the new Credit Card rules in the United States. PayPal has also stopped processing transactions for other Forex Brokers that previously accepted it based on my observations.

However, regarding our payment methods in general, we require clients to first withdraw their original deposit back using the same method. So if a client deposits $100 in Bitcoin, he or she must withdraw the first $100 in Bitcoin and any profits can be sent via Bitcoin or any other method.


Hope this helps,
JC

We have just recently added a new liquidity provider and our spreads are lower now. Further, we have increased the speed of Bitcoin (and other) withdrawals!

Take a look and give us feedback when you use our services please 

Thank you for taking the time to leave feedback on our thread, as it is good information for the community to see.


JC

I am your account manager and you are our client, so it is helpful to know who is who.

We purchase the Bitcoins at the prevailing market price when the withdrawal is processed and we send them over to you at that time. We do not do any average price. When our Payments Department begins to process the order, that is the exchange rate that you get. Your coins are purchased at the price on BTC-e.

Yes, the deposit bonus is still active. Please email our Promotions department at promotions@trader***y.com (asterisks to prevent spam) with the following subject: “100_deposit bonus_Your trading account number” and the Promotions Department will credit your account accordingly.

We are happy to have you trading with us. Please send me an email to sales.en@ to let me know who you are. We process Bitcoin withdrawals (like all withdrawals) within 24 hours. We allow one withdrawal per client per day.


Hope this helps,
JC

We try to make the entire process as smooth and efficient as possible, for both signups and withdrawals. We hope you enjoy our services. Feel free to shoot me an email if you need anything (my email address is below my username to the left). If you would, please also PM me with your account number so I know who you are


JC

This is my take as well. It is always great to support new payment systems, and indeed new people will use them -- sometimes however you have to know where to draw the line and invest resources elsewhere.

Paxum deposits are now being accepted manually upon request. Simply email me and we can arrange it. There will be no fees for manual Paxum deposits into your Trader's Way account until we get it implemented on our website.

Users will be kindly asked to withdraw back to Paxum up to the originally deposited amount. You may feel free to withdraw your profits via Bitcoin!

BTC

We are very excited to make our payment processes more diverse to meet the needs of everyone of our clients. Feel free to ask any questions you may have!