[ANN] 1Broker.io - Trade forex, indices, stocks and commodities

[ONLYfree]

Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.

[svesp15]

That was for just one overnight?  They advertise .12% long .1% short.

Been watching Bit4x too.

Like that they have agricultural CFDs, but their spread especially for cocoa is simply outrageous!  Basically $40 for a $3200 contract.  Who would trade that.  Would love to see 1Broker offer some AG CFDs.  Bet they can offer a better deal than Bit4x.

[ONLYfree]

Yes, just one overnight...

[Pizpie]

Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.

Hey, which market is the position on?

[ONLYfree]

Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.

Hey, which market is the position on?

EUR/USD short
GBP/USD short

[Pizpie]

Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.

Hey, which market is the position on?

EUR/USD short
GBP/USD short

Combined the positions totaled .17 BTC?
I am investigating, and when I have a definitive answer, Patrick or myself will get back to you ASAP!
 

[DomMic]

If someone could be interested on a service of a managed account could see here or contact me.

https://bitcointalk.org/index.php?topic=1229194.msg12819256#msg12819256

 

[ONLYfree]

Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.

Hey, which market is the position on?

EUR/USD short
GBP/USD short

Combined the positions totaled .17 BTC?
I am investigating, and when I have a definitive answer, Patrick or myself will get back to you ASAP!
 

Yes,
0.10 on GBP/USD short
0.07 on EUR/USD short

But its not a bug, Its not first time, its always like this.

http://postimg.org/image/a0x5kvmcx/

[DomMic]

Hello,
when you planning reduce over night charge? Unbelievable big you have..

Have open order for 0.17 ($50) and over night charge is 0.0055 ($1.53)


Good news that Bit4X.com already have MT4 and now testing mbtc accounts.  Maybe this competing will bring better terms for trading because this over night charge is extremely high.

I pay over 0.11BTC in overnight charge  last night!

[ONLYfree]

Any comment from support about this regular over 3% overnight charge?

Traders, agree that is BIG?

[exxe]

To avoid any misunderstandings: The overnight charges are listed on our Fees page (https://1broker.com/?c=about_fees) and the exact amount of charges for open positions can be calculated (in advance) with our Overnight Financing Calculator (https://1broker.com/?c=overnight_financing_calculator).

Especially with high-leveraged positions the overnight charges can get quite big and I suggest to trade with smaller leverages, if that becomes a problem.
However, we only charge around 4% per year (for forex markets). Compared to other trading platforms, this is quite low. We have no plans to reduce this specific rate in the near future.

I also want to take this opportunity to cite our help page, which explains why theses charges are necessary:

Leveraged positions (leverage > 1) are a margined product. You are in effect depositing only a small fraction of the overall market value of the trade, which allows you to hold much larger positions than if you were buying the shares outright. So for instance, currently just 1 BTC would be needed to buy a contract representing more than 5,000$ worth of blue-chip shares. You are effectively 'borrowing' the difference from 1Broker, hence the financing charges.

best regards!

[ONLYfree]

To avoid any misunderstandings: The overnight charges are listed on our Fees page (https://1broker.com/?c=about_fees) and the exact amount of charges for open positions can be calculated (in advance) with our Overnight Financing Calculator (https://1broker.com/?c=overnight_financing_calculator).

Especially with high-leveraged positions the overnight charges can get quite big and I suggest to trade with smaller leverages, if that becomes a problem.
However, we only charge around 4% per year (for forex markets). Compared to other trading platforms, this is quite low. We have no plans to reduce this specific rate in the near future.

I also want to take this opportunity to cite our help page, which explains why theses charges are necessary:

Leveraged positions (leverage > 1) are a margined product. You are in effect depositing only a small fraction of the overall market value of the trade, which allows you to hold much larger positions than if you were buying the shares outright. So for instance, currently just 1 BTC would be needed to buy a contract representing more than 5,000$ worth of blue-chip shares. You are effectively 'borrowing' the difference from 1Broker, hence the financing charges.

best regards!

Thanks for explaining.

[svesp15]

All this talk about currency CFDs got me thinking.  In the future, I wonder if 1Broker would consider adding Forex CFDs based on currency baskets, not just individual Forex pairs.  Baskets are a nice way to hold longer term currency positions.  For example, might offer a US Dollar basket versus EUR, GBP, JPY, and AUD:

1/EURUSD^.25*1/GBPUSD^.25*1/AUDUSD^.25*USDJPY^.25

FXCM offers a popular US Dollar CFD.  1Broker could expand on the idea and offer baskets for other currencies too.

Lite Forex used to have currency basket CFDs for several currencies, but discontinued them. Mirror Trader offers baskets for the above currencies, but the software just executes a macro order for individual Forex pairs at the same time, so not an actual CFD.

Just throwing out ideas here...

[ktfutura]

dev, how can we join 1broker pump group?

[Pizpie]

For those inquiring about a limit on opening longs in the BTC / USD market currently, a response was made VIA Twitter: https://twitter.com/1BrokerCom/status/661329906689773568

" Sorry! We cannot borrow more funds than we have allocated for risk management. Fractional reserve is not our thing. "

[Rage19420]

For those inquiring about a limit on opening longs in the BTC / USD market currently, a response was made VIA Twitter: https://twitter.com/1BrokerCom/status/661329906689773568

" Sorry! We cannot borrow more funds than we have allocated for risk management. Fractional reserve is not our thing. "

Come on guys, what's the point of having it, if you can't trade it???

[FlensGold]

I think it is the best way to deal with these price jumps. Of course they can not accept unlimited orders when the price is skyrocketing, it would not take long until they are ruined. So this is a good solution to keep existing orders open and just not to allow new orders being created when there is the risk that they can not afford to pay you.

This is, in my opinion, much more serious than having DoS Attacks or something like that during those moments when a price explodes..

[Rage19420]

I think it is the best way to deal with these price jumps. Of course they can not accept unlimited orders when the price is skyrocketing, it would not take long until they are ruined. So this is a good solution to keep existing orders open and just not to allow new orders being created when there is the risk that they can not afford to pay you.

This is, in my opinion, much more serious than having DoS Attacks or something like that during those moments when a price explodes..

It doesn't bode well if an exchange doesn't have the liquidity available for present market conditions. It's not like 1b is new to this, they been around for quite a while now and should have contingencies in place. At a meager 5x leverage the reward is much less then for the fx pairs. So saying they simply don't have the funds available doesn't wash.

[exxe]

The BTC/USD limits and market restrictions are certainly not a long term solution for us. However, in defense I have to say that there is generally no "right" to open a position on our platform, especially on our BTC/USD market, which is still in "experimental" mode. We try everything to avoid this, but if we are out of funds to hedge positions there is no other solution.

Additionally, we have a different risk management strategy/pool for every market; so we cannot simply cross-finance our BTC/USD market with reserves from other markets.

[Venusianism]

The BTC/USD limits and market restrictions are certainly not a long term solution for us. However, in defense I have to say that there is generally no "right" to open a position on our platform, especially on our BTC/USD market, which is still in "experimental" mode. We try everything to avoid this, but if we are out of funds to hedge positions there is no other solution.

Additionally, we have a different risk management strategy/pool for every market; so we cannot simply cross-finance our BTC/USD market with reserves from other markets.

Yea that definitely makes sense.

That being said, you ought to implement an 'un-leveraged mode toggle' trade position option, in the 'enter a new position' window. Toggling this on, would place this trade in a different hedging category and thus enable strictly 1:1 positions (perhaps long-only, or both long/short) to be open'd even during times when 1Broker is currently out of funds & does not allow opening of new leveraged long / short positions in a given market.