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firefop
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October 05, 2012, 11:28:53 PM |
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I'm not quite following the point of all this --- You're basically running a venetfx passthrough. . . since venetfx accepts bitcoins as well, where's our advantage to using your service?
It's not like you're adding btc pairs into the mix (I long for the days of the 'big 7' ) so exactly what value are you adding over us going direct?
I take care of all VenetFX/Bit4X Bitcoin clients. Yah that's what I thought - so you're basically adding no service level at all --- and running a passthrough. Nice  |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Rotsor
Full Member
 Offline
Activity: 309
Merit: 102
Presale is live!
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October 05, 2012, 11:44:19 PM |
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Yah that's what I thought - so you're basically adding no service level at all --- and running a passthrough. Nice Huh? I thought he said he was handling all of VenetFX's bitcoin business. So I guess that's a currency exchange service rather than just a pass-through. |
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kakobrekla
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October 06, 2012, 09:30:13 AM
Last edit: October 06, 2012, 11:56:38 AM by kakobrekla |
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I'm not quite following the point of all this --- You're basically running a venetfx passthrough. . . since venetfx accepts bitcoins as well, where's our advantage to using your service?
It's not like you're adding btc pairs into the mix (I long for the days of the 'big 7' ) so exactly what value are you adding over us going direct?
I take care of all VenetFX/Bit4X Bitcoin clients. Yah that's what I thought - so you're basically adding no service level at all --- and running a passthrough. Nice Let me rephrase, without me there is no trading Forex in Bitcoin. Not with Bit4X, not with VenetFX. I think I'm adding a lot of value. |
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kakobrekla
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October 06, 2012, 12:01:58 PM |
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So I guess that's a currency exchange service rather than just a pass-through.
No currency exchange is taking place. But you would have known that, if you would have read the text on the website. |
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firefop
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October 06, 2012, 01:55:19 PM |
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Let me rephrase, without me there is no trading Forex in Bitcoin. Not with Bit4X, not with VenetFX. I think I'm adding a lot of value.
So then why are you operating as a seperate entity? If you're legitimate reseller/agent/whatever for venetfx - I would think that they'd have you integrated into their main site... Either way, it just looks shady. |
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mobodick
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October 06, 2012, 02:13:13 PM |
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Some interesting insights: Bit4X claims to have its service provided by VenetFX. The VenetFX website claims it is located at 29 Harley Street London. When googling this address the first link tries to sell virtuall offices located at that address. The second link is this: http://www.bobbear.co.uk/finance.htmlIt appears there are scams run off of this virtual office space. There is absolutely no reason to trust these people. The chance that this is not some form of scam is subatomic. |
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mobodick
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October 06, 2012, 02:31:35 PM
Last edit: October 07, 2012, 08:12:34 PM by mobodick |
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It gets even more hazy when you follow the FSA number listed at the bottom of the VenetFX site.
The number listed there does not resolve to a firm called VenetFX, it resolves to a firm called Worth.it Financial Services Ltd in London which doesn't have a functioning website (but still with a registered domain. Edit: domain seems not registered).
Meanwhile, there is no firm called VenetFX in the FSA register.
Still, they manage to claim Best FOREX award 2011 or something similar next to that FSA number.
BTW. watch out for the software VenetFX is trying to push.
On their Meta Trader 4 page they make it seem as if they create or resell Meta Trader 4. If you click on the picture with the 5 monitors you will start a download of venetfxsetup.exe . Which should be handled with EXTREME CARE.
Edit: Apparently the file is virus free and seems a legitimate way of branding meta trader..
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Foxtra
Newbie
Offline
Activity: 28
Merit: 0
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October 06, 2012, 03:34:11 PM |
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Some interesting insights: Bit4X claims to have its service provided by VenetFX. The VenetFX website claims it is located at 29 Harley Street London. When googling this address the first link tries to sell virtuall offices located at that address. The second link is this: http://www.bobbear.co.uk/finance.htmlIt appears there are scams run off of this virtual office space. There is absolutely no reason to trust these people. The chance that this is not some form of scam is subatomic. +1 Obvious scam. |
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kakobrekla
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October 06, 2012, 09:02:13 PM |
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It gets even more hazy when you follow the FSA number listed at the bottom of the VenetFX site.
The number listed there does not resolve to a firm called VenetFX, it resolves to a firm called Worth.it Financial Services Ltd in London which doesn't have a functioning website (but still with a registered domain. Edit: domain seems not registered).
Meanwhile, there is no firm called VenetFX in the FSA register.
Still, they manage to claim Best FOREX award 2011 or something similar next to that FSA number.
VenetFX is a Worth ltds brandname.  Best Forex award is for MT4 software. BTW. watch out for the software VenetFX is trying to push.
On their Meta Trader 4 page they make it seem as if they create or resell Meta Trader 4. If you click on the picture with the 5 monitors you will start a download of venetfxsetup.exe . Which should be handled with EXTREME CARE.
As you can see, file is hosted on http://metaquotes.net/. Official MetaTrader page. We can not upload our own files there, they build customized exe for each broker. |
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mobodick
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October 06, 2012, 09:32:38 PM |
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It gets even more hazy when you follow the FSA number listed at the bottom of the VenetFX site.
The number listed there does not resolve to a firm called VenetFX, it resolves to a firm called Worth.it Financial Services Ltd in London which doesn't have a functioning website (but still with a registered domain. Edit: domain seems not registered).
Meanwhile, there is no firm called VenetFX in the FSA register.
Still, they manage to claim Best FOREX award 2011 or something similar next to that FSA number.
VenetFX is a Worth ltds brandname. ok..
Best Forex award is for MT4 software.
Aah, the site does not make that clear and it seems the reward is for venetfx. BTW. watch out for the software VenetFX is trying to push.
On their Meta Trader 4 page they make it seem as if they create or resell Meta Trader 4. If you click on the picture with the 5 monitors you will start a download of venetfxsetup.exe . Which should be handled with EXTREME CARE.
As you can see, file is hosted on http://metaquotes.net/. Official MetaTrader page. We can not upload our own files there, they build customized exe for each broker. I missed that and it makes you look somewhat better. However, your operation still seems to lack transparency. |
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firefop
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October 07, 2012, 02:24:34 AM |
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So somebody paid a fee to have branded mt4 - all that takes is money. If you are scamming, then you only need 100 people to buy in before you've recouped your branding fee.
I'm going to skip it now - since I don't see any added value vs going with an existing (and well know) forex broker. Since the vast majority of my money is fiat, might as well pay directly with less risk.
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bitsire
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October 10, 2012, 07:41:49 AM |
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Can someone please report what the spreads are like on EUR/USD and GBP/USD? Are they fixed or variable? A screenshot of the quotes window in MT4 would be really appreciated!
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Enky1974
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October 10, 2012, 09:46:20 AM |
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Can someone please report what the spreads are like on EUR/USD and GBP/USD? Are they fixed or variable? A screenshot of the quotes window in MT4 would be really appreciated!
2.9 pips on average EUR/USD and GBP/USD; they can vary a little around few tenths of a pip I've also activtrades as fiat forex broker, better spread on currencies but on silver/gold venetfx is better |
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Gabi
Legendary
Offline
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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October 10, 2012, 12:09:52 PM |
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My scam-detector is showing "scam detected"  |
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Enky1974
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October 10, 2012, 01:11:32 PM |
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....A screenshot of the quotes window in MT4 would be really appreciated!
here's the screenshot, the last two are gold/silver  |
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firefop
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October 10, 2012, 01:40:01 PM |
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My scam-detector is showing "scam detected" Yup - yours and everyone elses. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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October 11, 2012, 03:58:08 PM |
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My scam-detector is showing "scam detected" Yup - yours and everyone elses. Mine is showing "maybe", but then again I think mine's broken. I've lost money to: Some dick on bitcoin-otc over a year ago SIN Bitscalper Pirate GLBSE Bitfloor and probably a couple others I'm forgetting at the moment |
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bitsire
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October 11, 2012, 05:46:51 PM |
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Thanks a lot Enky1974! BTW, I'm also a '74er  |
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