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dvaic
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June 04, 2011, 08:14:40 AM
 #1

they accept Bitcoin?? fxtrade.com

Being involved is not the same as being committed. It's like bacon and eggs; the chicken is involved, but the pig is committed.
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TrainDeluxe
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June 04, 2011, 08:48:27 AM
 #2

Do you accept paypal to deposit funds?


BR
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adrian33
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June 04, 2011, 08:51:47 AM
 #3

This is a brand new exchange for bitcoin? Or interfaces with Mt Gox?

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June 04, 2011, 08:54:39 AM
 #4

This is a brand new exchange for bitcoin? Or interfaces with Mt Gox?

I'm also very interested on how this works.

Do you provide your own BTC<->USD market? Or do you get market rates from mtgox?

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June 04, 2011, 09:37:20 AM
 #5

Are you guys a regulated forex brokerage firm or is this a mom & pop type of roll your own brokerage broker type of operation?

Btw Forex in Australia is regulated by the Australian Securities and Investment Commission (ASIC).

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June 04, 2011, 10:16:38 AM
 #6


We look forward to your comments and suggestions for this pilot program.

No Linux clients?

Cheers,

Klaus Alexander Seistrup
http://about.me/kseistrup
allinvain
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June 04, 2011, 10:20:06 AM
 #7

We are not an Australian firm and we are not regulated in that country.  As for Mom and Pop, that's what Bitcoin is.

Well then care to tell us under what jurisdiction the company is registered, and if you are at all regulated in the country of registration? Nope bitcoin is not "mom and pop" because bitcoin is not a business.

Also what type of dealing scenario do you use? STP? Dealing Desk?

From the looks of your domain the website/business is most likely registered in Colombia.


Domain Name:                                 FNIB.CO
Domain ID:                                   D3681883-CO
Sponsoring Registrar:                        TUCOWS, INC.
Sponsoring Registrar IANA ID:                69
Registrar URL (registration services):       www.opensrs.com
Domain Status:                               ok
Registrant ID:                               TUPOTQAGPVJ4MWXE
Registrant Name:                             CCEO Capital Management
Registrant Address1:                         24 B Moorefield Rd
Registrant City:                             Wellington
Registrant Postal Code:                      6037
Registrant Country:                          New Zealand
Registrant Country Code:                     NZ
Registrant Phone Number:                     +64.48892808
Registrant Email:                            
Administrative Contact ID:                   TUZC5IJZB1PKABXC
Administrative Contact Name:                 CCEO Capital Management
Administrative Contact Address1:             24 B Moorefield Rd
Administrative Contact City:                 Wellington
Administrative Contact Postal Code:          6037
Administrative Contact Country:              New Zealand
Administrative Contact Country Code:         NZ
Administrative Contact Phone Number:         +64.48892808
Administrative Contact Email:                
Billing Contact ID:                          TUPPJL5GEIXM9HEE
Billing Contact Name:                        CCEO Capital Management
Billing Contact Address1:                    24 B Moorefield Rd
Billing Contact City:                        Wellington
Billing Contact Postal Code:                 6037
Billing Contact Country:                     New Zealand
Billing Contact Country Code:                NZ
Billing Contact Phone Number:                +64.48892808
Billing Contact Email:                      
Technical Contact ID:                        TUZ73Y2YRLOEAGCH
Technical Contact Name:                      CCEO Capital Management
Technical Contact Address1:                  24 B Moorefield Rd
Technical Contact City:                      Wellington
Technical Contact Postal Code:               6037
Technical Contact Country:                   New Zealand
Technical Contact Country Code:              NZ
Technical Contact Phone Number:              +64.48892808
Technical Contact Email:                    
Name Server:                                 NS1.INSTRADNS.COM
Name Server:                                 NS2.INSTRADNS.COM
Name Server:                                 NS3.INSTRADNS.COM
Created by Registrar:                        TUCOWS, INC.
Last Updated by Registrar:                   TUCOWS, INC.
Domain Registration Date:                    Sun Jan 09 20:40:10 GMT 2011
Domain Expiration Date:                      Fri Jan 08 23:59:59 GMT 2016
Domain Last Updated Date:                    Wed Mar 02 20:53:09 GMT 2011

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June 04, 2011, 10:25:31 AM
 #8

You site says some country restrictions may apply for new accounts. What countries do you not allow accounts from? If my recent experience is any indication South Korea is on your list Sad

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June 04, 2011, 10:28:06 AM
 #9


The domain info you got has New Zealand all over it, does it not?

Well, fnib.co redirects to firstnationalib.com that is registered with these data:

Code:

   Domain Name: FIRSTNATIONALIB.COM
   Registrar: INSTRA CORPORATION PTY, LTD.
   Whois Server: whois.instra.net
   Referral URL: http://www.instra.com
   Name Server: NS1.INSTRADNS.COM
   Name Server: NS2.INSTRADNS.COM
   Name Server: NS3.INSTRADNS.COM
   Status: ok
   Updated Date: 02-sep-2010
   Creation Date: 02-sep-2010
   Expiration Date: 02-sep-2019

[WHOIS shrinkwrap license removed]

DOMAIN: FIRSTNATIONALIB.COM

RSP: Instra Corporation Pty Ltd
URL: http://www.instra.com

created-date: 2010-09-02 20:28:27
updated-date: 2010-09-02 20:28:27
registration-expiration-date: 2019-09-02 20:28:28

owner-organization:
owner-name: Dugan Cash
owner-street: 377 kent street
owner-city: sydney
owner-state:
owner-zip: 5144
owner-country: AU
owner-phone: +61.397831800
owner-fax:
owner-email: bolsa.y.bolsa@gmail.com

admin-organization:
admin-name: Dugan Cash
admin-street: 377 kent street
admin-city: sydney
admin-state:
admin-zip: 5144
admin-country: AU
admin-phone: +61.397831800
admin-fax:
admin-email: bolsa.y.bolsa@gmail.com

tech-organization:
tech-name: Dugan Cash
tech-street: 377 kent street
tech-city: sydney
tech-state:
tech-zip: 5144
tech-country: AU
tech-phone: +61.397831800
tech-fax:
tech-email: bolsa.y.bolsa@gmail.com

billing-organization:
billing-name: Dugan Cash
billing-street: 377 kent street
billing-city: sydney
billing-state:
billing-zip: 5144
billing-country: AU
billing-phone: +61.397831800
billing-fax:
billing-email: bolsa.y.bolsa@gmail.com

nameserver: ns3.instradns.com 78.129.204.66
nameserver: ns2.instradns.com 68.64.137.196
nameserver: ns1.instradns.com 119.252.176.10


Cheers,

Klaus Alexander Seistrup
http://about.me/kseistrup
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June 04, 2011, 10:32:03 AM
 #10

FNIB is not affiliated with Mt Gox.

FNIB does not accept Paypal/Moneybookers but Bitcoin will be accepted directly.

How does it work?  Open your trading account with a Bitcoin payment.  Your account will be credited in USD at publicly available Bitcoin exchange rates on that day.  Trade FX.  When you want to cash out, Bitcoin will be sent back to you at that day's exchange rate.  

Note that Bitcoin itself is not traded on the platform.


www.fnib.co


Congrats!  I was wondering when this would be available..  Been wanting to dabble in Forex for a while..

However, I'd rather my BTC deposit stay as BTC until the moment I decide to open a position, otherwise I risk losing the BTC upside in the meantime.

What's the margin?  Couldn't find it on the site..


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June 04, 2011, 10:37:08 AM
 #11

Woow this is pretty awesome.  Smiley
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June 04, 2011, 11:31:47 AM
 #12

FNIB is not affiliated with Mt Gox.

FNIB does not accept Paypal/Moneybookers but Bitcoin will be accepted directly.

How does it work?  Open your trading account with a Bitcoin payment.  Your account will be credited in USD at publicly available Bitcoin exchange rates on that day.  Trade FX.  When you want to cash out, Bitcoin will be sent back to you at that day's exchange rate.  

Note that Bitcoin itself is not traded on the platform.


www.fnib.co

So,  BTC in and out?  So if I put 1000BTC in last week ($8/BTC) I would get 8000FX,  Trade that for a week and get 20% increase then transfer 9600FX back to BTC ($14/BTC) = 685 BTC.   I think I'll keep my BTC thank you.
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June 04, 2011, 02:08:16 PM
 #13

We are not an Australian firm and we are not regulated in that country.  As for Mom and Pop, that's what Bitcoin is.

not for long buddy.
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June 04, 2011, 05:40:19 PM
 #14

Very cool that you are accepting bitcoins. But your site seems to be a bit too vague on important details like what your spreads are.

I will stick with Oanda for my forex needs. Sure, they don't accept bitcoin, but at least they publish live spreads http://fxtrade.oanda.com/why/spreads/recent as well as all sorts of other interesting data.

If anyone around here uses them I would be interested in hearing how it goes.
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June 04, 2011, 07:12:23 PM
 #15

Fascinating....FNIB is developing a competitor for Bitcoin, and hiring coders to do it, preferably in PERL.... https://www.odesk.com/jobs/Cyber-Currency-Developer_~~0c9020b9d4c4e663
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June 04, 2011, 08:23:00 PM
 #16

I'd be interested if I thought any other currency had a fighting chance against bitcoin, which they don't.

So, you might as well say - 'trade for colored buttons' because that is what they'll end up being after a while. Sorry, centrally-planned currencies just got their wake-up call, whether they last or not isn't really up for debate.

This is the game-changer. I'd be more interested if you were actually setting up a bitcoin market, but it looks like you're just integrating bitcoin in a bid to get some trading volume and make money off of the bid-offer spread like every other forex broker.

Nice try, I'll stick with bitcoins.

fortitudinem multis - catenum regit omnia
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June 04, 2011, 10:02:10 PM
 #17

Fascinating....FNIB is developing a competitor for Bitcoin, and hiring coders to do it, preferably in PERL.... https://www.odesk.com/jobs/Cyber-Currency-Developer_~~0c9020b9d4c4e663

Wow really. I guess it was only a matter of time before someone thought "me too" .


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June 05, 2011, 10:22:12 AM
 #18

In response to some comments,


     Country restrictions affect elegibility to trade and margin requirements. 

 FNIB has hired programmers to integrate Bitcoin, among other tasks.  Developers with strong PHP skills and prior knowledge of Bitcoin coding are encouraged to send their CV to info@fnib.co

     Margin is 200:1 maximum.  Spreads are competitive.

Will you trade coding for BTC?

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June 05, 2011, 01:18:14 PM
 #19

Why only PHP ?

If you're building apps from scratch there are much better alternatives.

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June 05, 2011, 01:25:43 PM
 #20

     Country restrictions affect elegibility to trade and margin requirements. 

Ok.  Roll Eyes

So how does living in South Korea affect my eligibility to trade and margin requirements?

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