Hello Everyone, my trading partner and I are professional traders and manage a mam at a licensed fx broker.

We are considering with the btc brokers like bit4x and simplefx, to create a, evolution fund that is bitcoin denominated with the same trading . Would anyone be interested in this?

I have years in the fx business and have purchased mq licenses and WL many times under a broker with over 10 servers and multiple WL add ons.

You can't just buy a used mt4 server license , metaquotes does not allow the re-sale of them. You need to buy the whole company that owns the license and pass the compliance requirements from metaquotes. the terminal brand must be identical to what your corporate documents say. So in other words, to own a license without a company is impossible .

Also it's impossible to own a genuine license without the default 1500 a month service  metaquotes charges.

This sale has all the signs of a scam.

Im not sure why there is so much KYC with forex brokers on BTC> maybe its the worry of regulation going after their USD based business. But withdrawing and deposing with BTC there is no bank so no need for KYC . Unless i am seriously missing something?

Guys, what about anonymity? Is anonymity an important feature? would you rather have your broker have just your email as a form of identification for login and contact purposes or do you feel safer with the whole KYC process?

Yes that is correct, but we will not even have deposits and withdrawals via other currencies. The idea is you deposit and withdraw with bitcon. We want it to be 100% bitcoin based, this way anyone in the world can trade with us with no restrictions . We want to eliminate the banking issues with FX and create liquidity in the BTC/Crypto market.

While our FX/CFD liquidity providers would need fiat on deposit, we would be managing on this back end with our prime LPs and be external on BTC exchanges managing conversion for funds that need to go to the liquidity providers we are STPing FX/CFds to and funds that are designated to our depositors.

@Amph Our FX leverage can be up to 500:1 . for BTC 50:1 is very possible if BTC liquidity grows but we will have trouble sending your volume to the market. For example if we get 5:1 from our institutional stp setups we aggregate and you send us a trade at 50:1, it would be a matter of us having enough BTC to make your trade at 5:1 on our end to return to you at 50:1. In other words, it's possible, but we need a lot of free capital to cover. In the case of FX, leverage and volume is easy to get liquidity for.




 

Hello everyone, i'm a veteran from the forex broker industry and considering launching a bitcoin based forex and cfd broker, crypto ofcourse too. I know there are already MT4 brokers out there doing this (to an extent ) but i'm here to ask the community, What are the user drawbacks that the current mt4 brokers have, please tell me the wishlist the community is looking for I appreciate any input.