Bitsinmyhead (OP)
|
|
May 05, 2013, 03:17:03 PM |
|
I think this is pretty huge. Plus500 is a pretty large and solid site. They even run a lot of TV ads here in Norway. You get 4:1 leverage, meaning if you deposit 200 you can trade with 800, and you can also short. Best part is they accept credit card deposits so it is probably the easiest way to get into Bitcoins for a lot of people even though its only "paper Bitcoin". Unfortunately they do not accept US customers.
|
|
|
|
|
|
|
|
The forum was founded in 2009 by Satoshi and Sirius. It replaced a
SourceForge forum.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 05, 2013, 05:14:16 PM |
|
cool.
is it possible to take delivery of the bitcoins?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
Bitsinmyhead (OP)
|
|
May 05, 2013, 05:36:37 PM |
|
Seems amazing and I really doubt they can make money with that tight of a spread. Maybe its some kind of marketing decision to get a bunch of new customers? is it possible to take delivery of the bitcoins?
No, but maybe in the future if they add Bitcoin deposit/withdrawals.
|
|
|
|
lexxus
|
|
May 05, 2013, 05:39:17 PM |
|
cool.
is it possible to take delivery of the bitcoins?
Delivery? This is CFD.
|
|
|
|
Stampbit
|
|
May 05, 2013, 05:56:22 PM |
|
thats a pretty tight spread there
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 05, 2013, 08:10:42 PM |
|
thats a pretty tight spread there
maybe they just make it up in fees somehow?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
MartinReynolds
Newbie
Offline
Activity: 14
Merit: 0
|
|
May 05, 2013, 08:12:00 PM |
|
This is pretty awesome, hopefully they enable Bitcoin withdrawals and it would be a bit of competition with MtGox.
|
|
|
|
|
MartinReynolds
Newbie
Offline
Activity: 14
Merit: 0
|
|
May 05, 2013, 08:27:04 PM |
|
Oh right, I guess I didn't understand it. I will have to read up on it. Regards, Martin.
|
|
|
|
|
MarCoin
Newbie
Offline
Activity: 54
Merit: 0
|
|
May 06, 2013, 08:17:09 AM |
|
Warning! CFD price can be easily manipulated by those brokers (but anyway, Gox does it too). Lot of broker's profits comes from price manipulation, not from spread or commissions
|
|
|
|
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
|
|
May 06, 2013, 08:33:24 AM |
|
Warning! CFD price can be easily manipulated by those brokers (but anyway, Gox does it too). Lot of broker's profits comes from price manipulation, not from spread or commissions
On the other hand, 1broker closed down BTCUSD because of users manipulating prices.
|
|
|
|
Bitsinmyhead (OP)
|
|
May 06, 2013, 08:44:47 AM |
|
Manipulation can certainly be a problem, but it is usually a bigger problem when the leverage is higher. With 4:1 leverage you would need to move the price almost 25% to force someone out.
Still, 4:1 leverage is pretty sick, and if you time your entry well in a trending market like this there is a lot of money to be made. Bought 8 Coins yesterday putting up just ~200 Euro and I am already up well over 50% on my account.
|
|
|
|
bangersdad
|
|
May 06, 2013, 01:57:30 PM |
|
Plus500 do not like scalpers...be warned. They also refused to define what they consider to be scalping - but still froze my account.
I have also seen screen evidence of plus500 disabling the buy/sell options when a market becomes volatile.
I think playing with small money no problem - but i know i would not trust plus500 with a large amount of my fiat.
|
|
|
|
Bitsinmyhead (OP)
|
|
May 06, 2013, 07:16:11 PM |
|
Ye, whenever you make a winning trade you literally take money out of their pockets and they don't like that much. However as long as you keep your position for more than a couple of minutes you will not have any problems with their scalping rules.
Obviously, if you are going to take a huge long term position it will be better to just buy the coins on Gox, but for quick and easy access to buying when you hear some positive news like this China stuff it is great. Avoids the pain of just seeing the price go up and up while you wait for the wire transfer to hit Gox. Also, remember plus500 is actually regulated in the UK so should something go wrong you at least have a chance compared to some of these Bitcoin sites.
|
|
|
|
SOSLOVE868
|
|
May 06, 2013, 08:01:29 PM |
|
Their bonuses for me just like traps....you need at least accumulate trading amount up to 60 times of your deposit , then you can get withdraw you money...it is better not to take their bonuses.. but for some one who hold huge amount of BTC, it is wise to use their service to hedging the risk of BITCOIN.
|
|
|
|
Bitsinmyhead (OP)
|
|
May 06, 2013, 08:15:00 PM |
|
If you use the site to buy and hold you are correct, its probably best to avoid the bonus, but if you trade somewhat active you will go through bonus requirements in no time. Lets do the math: -If I deposit $5000 I get $1100 bonus. -I need 1000 traderpoints to be able to cash this out. -For every $1250 or about 10 Bitcoins that I buy or sell I receive 11.25 points. All it would take to cash out this bonus will be to buy or sell 870 Bitcoins. With the 4:1 leverage I have $20 000 in buying power with my $5000 deposit so it would take me about 5 trades to be able to cash out. Not too bad, and if you have done any Bitcoin trading you know you can do that in a day
|
|
|
|
SOSLOVE868
|
|
May 06, 2013, 08:25:21 PM |
|
If you use the site to buy and hold you are correct, its probably best to avoid the bonus, but if you trade somewhat active you will go through bonus requirements in no time. Lets do the math: -If I deposit $5000 I get $1100 bonus. -I need 1000 traderpoints to be able to cash this out. -For every $1250 or about 10 Bitcoins that I buy or sell I receive 11.25 points. All it would take to cash out this bonus will be to buy or sell 870 Bitcoins. With the 4:1 leverage I have $20 000 in buying power with my $5000 deposit so it would take me about 5 trades to be able to cash out. Not too bad, and if you have done any Bitcoin trading you know you can do that in a day you are wrong, that if you deposit £5000 you only get £500...if you deposit £7500 you will get £1000. and for example, able to withdraw this £500, required £1000 trading point. for trading bitcoin you will get 750 for 10.11 trading point. for that 500, you need to trading amount up to 75000.which mean you need hold full stock for 13.36 times. I think this is very risk...and remember each time you purchased stock they will charge you.
|
|
|
|
Bitsinmyhead (OP)
|
|
May 06, 2013, 08:40:46 PM |
|
I think the bonuses might be different for different countries then. Here in Norway it is NOK7500 ($1100) for NOK30000 ($5000). The rest of my math is correct, so it should be very easy to clear.
Even if what you are saying is true for UK, you need to remember you have 4:1 leverage so if you deposit £5000 you actually get to trade with £20000, making the £75000 requirement less than 4 full trades.
Of course I 100% agree that trading with leverage can be very risky, but so are most Bitcoin related things.
|
|
|
|
SOSLOVE868
|
|
May 06, 2013, 08:49:48 PM |
|
I think the bonuses might be different for different countries then. Here in Norway it is NOK7500 ($1100) for NOK30000 ($5000). The rest of my math is correct, so it should be very easy to clear.
Even if what you are saying is true for UK, you need to remember you have 4:1 leverage so if you deposit £5000 you actually get to trade with £20000, making the £75000 requirement less than 4 full trades.
Of course I 100% agree that trading with leverage can be very risky, but so are most Bitcoin related things.
I have check the table ,leverage isn't count in trading point..... We still need full trading of the £5500 for about 13 times.....
|
|
|
|
spndr7
Legendary
Offline
Activity: 1020
Merit: 1000
|
|
May 08, 2013, 12:21:39 PM |
|
This is pretty awesome, hopefully they enable Bitcoin withdrawals and it would be a bit of competition with MtGox.
Screenshot of http://www.plus500.com/Instruments/BTCUSDNo competition, it is using mtgox price API,its the same as trading on Mtgox with different spread,hedging and 4:1 leverage.
|
|
|
|
Bitsinmyhead (OP)
|
|
May 10, 2013, 09:45:07 AM |
|
In these slow markets it sure helps to have 4:1 leverage, meaning a 2% swing in price gives you potential of 8% win (or loss ), helps me from falling a sleep. Still waiting for a nice trend to jump on to make some big $$$.
|
|
|
|
Seth Otterstad
|
|
May 10, 2013, 09:56:30 AM |
|
Since I am wildly bullish on bitcoin and do not expect it to drop in half, is it reasonable to load money on this site, buy at 2:1 leverage, and then leave it? What are the downsides compared to just holding coins myself at 1:1?
|
|
|
|
Bitsinmyhead (OP)
|
|
May 10, 2013, 10:04:03 AM |
|
No downside as far as I can tell. I actually feel more comfortable having money on a FSA regulated site than on most of these Bitcoin exchanges...
|
|
|
|
naphto
|
|
May 10, 2013, 11:43:18 AM |
|
thats a pretty tight spread there
Are you for real? This is a huge spread. I would say that it is not profitable to trade btc/usd on plus500 for that reason. Spread on btc/usd = 1.03 usd Difference between high/low on btc/usd = 9.43 usd 10.92 %Spread on crude oil/usd = 0.05 usd Difference between high/low on crude oil/usd = 0.89 usd 5.62 %
Spread on eur/usd = 0.0002 usd Difference between high/low on eur/usd = 0.0075 usd 2.66 %The spread represents 10 % of the difference between the maximum and minimum values reach in the last 24 hours, but it should be between 2 and 5 %.
|
|
|
|
01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
May 10, 2013, 11:57:05 AM |
|
The bonus are easy to clear but fees/spread adds up very quickly. They freeze the buy/sell button when the market is volatile. Price is always rigged in their favour. I'm still trading with them hoping to get a painless first cashout. Since I discovered margin trading I can't sleep anymore. Why is everyone talking about 4:1 leverage when it's 1:4?
|
|
|
|
Seth Otterstad
|
|
May 10, 2013, 03:35:45 PM |
|
I don't understand the posted screenshot and the spread. The screenshot says "buy 113.79" and "sell 112.76". What will I actually pay to buy a bitcoin in that case?
|
|
|
|
Bitsinmyhead (OP)
|
|
May 10, 2013, 05:13:23 PM |
|
You pay 113.79 and can sell at 112.76. I wonder how this is going to work out for them as most of the people I have talked to have bought through them, not going to be easy for them to keep a balanced book.
|
|
|
|
joesmoe2012
|
|
May 10, 2013, 05:26:13 PM |
|
That spread doesn't seem -that- bad. It's not as competitive as elsewhere but I don't understand why people are talking about 10 percent.
I'm in for an account.
Don't forget, bitfinex offers leveraged trading as well.
|
|
|
|
Bitsinmyhead (OP)
|
|
May 10, 2013, 06:19:02 PM |
|
Spread is actually very good and I doubt anyone else will be able to offer anything better. I actually fear they will have to widen it if they don't want to lose money. Remember there is no other fees like the 0.6% commission on Gox. Also, with the leverage you basically get to borrow money for free to trade with. Finally, don't forget the awesome first time deposit bonuses they offer: http://www.plus500.com/en/Marketing/Promotion1.aspx?id=67176&pl=2Now if only Gox would offer something similar...
|
|
|
|
|
GambitBTC
|
|
May 11, 2013, 10:06:23 PM |
|
Simply incredible
|
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 12, 2013, 02:24:31 PM |
|
That spread doesn't seem -that- bad. It's not as competitive as elsewhere but I don't understand why people are talking about 10 percent.
I'm in for an account.
Don't forget, bitfinex offers leveraged trading as well.
As opposed to plus500 bitfinex is not a bucketshop. Bitfinex actually trades the underlying asset when you open a position. plus500 is a bucketshop, right? As defined by the U.S. Supreme Court a bucket shop is "[a]n establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in."
And they take the other side of the bet in case there is no other customer taking the opposite bet, correct? Do they hedge against the market going the wrong way somehow if things become too unbalanced in their books? I'd really like to know how such a shop works. Is it like satoshidice?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
May 12, 2013, 02:26:51 PM |
|
That spread doesn't seem -that- bad. It's not as competitive as elsewhere but I don't understand why people are talking about 10 percent.
I'm in for an account.
Don't forget, bitfinex offers leveraged trading as well.
As opposed to plus500 bitfinex is not a bucketshop. Bitfinex actually trades the underlying asset when you open a position. plus500 is a bucketshop, right? As defined by the U.S. Supreme Court a bucket shop is "[a]n establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in."
And they take the other side of the bet in case there is no other customer taking the opposite bet, correct? Do they hedge against the market going the wrong way somehow if things become too unbalanced in their books? I'd really like to know how such a shop works. Is it like satoshidice? http://www.ebusinessreviews.net/2011/02/learn-how-forex-brokers-make-money.htmlNo idea if they hedge their book...
|
|
|
|
Grinder
Legendary
Offline
Activity: 1284
Merit: 1001
|
|
May 12, 2013, 04:32:27 PM |
|
Since I am wildly bullish on bitcoin and do not expect it to drop in half, is it reasonable to load money on this site, buy at 2:1 leverage, and then leave it? What are the downsides compared to just holding coins myself at 1:1?
You'll have to pay a 0.05% daily fee (~20%/year) for holding the position.
|
|
|
|
Seth Otterstad
|
|
May 12, 2013, 07:53:20 PM |
|
Since I am wildly bullish on bitcoin and do not expect it to drop in half, is it reasonable to load money on this site, buy at 2:1 leverage, and then leave it? What are the downsides compared to just holding coins myself at 1:1?
You'll have to pay a 0.05% daily fee (~20%/year) for holding the position. I thought there would be a catch. Thanks for identifying it.
|
|
|
|
Hfleer
Sr. Member
Offline
Activity: 448
Merit: 250
Changing avatars is currently not possible.
|
|
May 12, 2013, 07:59:32 PM |
|
I think this is pretty huge. Plus500 is a pretty large and solid site. They even run a lot of TV ads here in Norway. You get 4:1 leverage, meaning if you deposit 200 you can trade with 800, and you can also short. Best part is they accept credit card deposits so it is probably the easiest way to get into Bitcoins for a lot of people even though its only "paper Bitcoin". Unfortunately they do not accept US customers.
Sound interesting, i'll take a look.
|
██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
|
|
|
01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
May 12, 2013, 08:47:15 PM |
|
Since I am wildly bullish on bitcoin and do not expect it to drop in half, is it reasonable to load money on this site, buy at 2:1 leverage, and then leave it? What are the downsides compared to just holding coins myself at 1:1?
You'll have to pay a 0.05% daily fee (~20%/year) for holding the position. Where do you see a daily fee? Premium time?
|
|
|
|
jomay
|
|
May 12, 2013, 11:33:19 PM |
|
And they take the other side of the bet in case there is no other customer taking the opposite bet, correct?
Do they hedge against the market going the wrong way somehow if things become too unbalanced in their books?
I'd really like to know how such a shop works. Is it like satoshidice?
Last time I interviewed with one of the CFD brokers (which is a while back) they had human traders that would run a book. The trader would decide if the book should be rather long or short and profit from that. In essence, they do the same thing as you guys trading bitcoins - but they try to make the 1% spread as well. They just need to "convince" people (by moving the price) to buy/sell them at the wrong time. The 20%/year financing fee is just the icing on top. Financing is usually free intraday... You pay 113.79 and can sell at 112.76. I wonder how this is going to work out for them as most of the people I have talked to have bought through them, not going to be easy for them to keep a balanced book.
Ah, I was wondering how they manage to offer shorts on BTC. Now I know! (FYI: they can simply loan the customers BTC to the shorters. Smart move by them. Building up the BTC position is a one time thing.) The real question is: what happens if everybody wants to short BTC on Plus500???
|
BTC 1NoV8NFSB7eiuK2aABFtBTdUdXhbEdG7Ss LTC LaFyWSfzKY7CKwwmbxhyf8S2iJvfT7JFtL YAC YKKwR5B64Z9ww971J42vEGVPaema623Tz6
|
|
|
Bakemono
Member
Offline
Activity: 85
Merit: 10
|
|
May 13, 2013, 12:13:31 AM |
|
Is there a catch in the 25 euros bonus with no deposit requirement?
|
BTC : 1Ct9opEdmq4ZuZmNQmhGBDcurrePFykTRt LTC : LLqGtKpAdx6Ci8ZaSrvWG6WXfFF3mPK4V9
|
|
|
Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
|
|
May 13, 2013, 12:23:28 AM |
|
Is there a catch in the 25 euros bonus with no deposit requirement?
You need to identify yourself and receive a letter from them with a verification code
|
|
|
|
01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
May 13, 2013, 12:48:11 AM |
|
You also need 60 traders points.
|
|
|
|
BtcBling
|
|
May 13, 2013, 01:06:04 AM |
|
Be warned. They do their money with heavy advertising attracting newcomers with no idea about what they are doing while amazed about their trading "limits". Very sophisticated system eats your money very easily.
|
|
|
|
Grinder
Legendary
Offline
Activity: 1284
Merit: 1001
|
|
May 13, 2013, 09:49:59 AM |
|
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 13, 2013, 09:57:56 AM |
|
And they take the other side of the bet in case there is no other customer taking the opposite bet, correct?
Do they hedge against the market going the wrong way somehow if things become too unbalanced in their books?
I'd really like to know how such a shop works. Is it like satoshidice?
Last time I interviewed with one of the CFD brokers (which is a while back) they had human traders that would run a book. The trader would decide if the book should be rather long or short and profit from that. In essence, they do the same thing as you guys trading bitcoins - but they try to make the 1% spread as well. They just need to "convince" people (by moving the price) to buy/sell them at the wrong time. The 20%/year financing fee is just the icing on top. Financing is usually free intraday... You pay 113.79 and can sell at 112.76. I wonder how this is going to work out for them as most of the people I have talked to have bought through them, not going to be easy for them to keep a balanced book.
Ah, I was wondering how they manage to offer shorts on BTC. Now I know! (FYI: they can simply loan the customers BTC to the shorters. Smart move by them. Building up the BTC position is a one time thing.) The real question is: what happens if everybody wants to short BTC on Plus500??? hm? as I understand it there are no BTC involved at all. No BTC are borrowed or sold on mtgox. It's just CFD (contract for difference), basically a betting site.
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 13, 2013, 09:58:25 AM |
|
Is there a catch in the 25 euros bonus with no deposit requirement?
you have to register personal details and phone number verification is mandatory.
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
naphto
|
|
May 13, 2013, 10:05:36 AM |
|
Is there a catch in the 25 euros bonus with no deposit requirement?
you have to register personal details and phone number verification is mandatory. You also have to trade that amount of money in order to allow the broker to win effectively more than the 25 euros they gave you in order to be able to withdraw it, which is unlikely that anyone is able to withdraw it without making a deposit or being lucky.
|
|
|
|
jomay
|
|
May 13, 2013, 08:42:59 PM |
|
Ah, I was wondering how they manage to offer shorts on BTC. Now I know! (FYI: they can simply loan the customers BTC to the shorters. Smart move by them. Building up the BTC position is a one time thing.) The real question is: what happens if everybody wants to short BTC on Plus500??? hm? as I understand it there are no BTC involved at all. No BTC are borrowed or sold on mtgox. It's just CFD (contract for difference), basically a betting site. I don't think you truly understand how CFDs are synthesized. What do you think happens when you buy a FTSE or S&P CFD? They need to hedge at least the net position of their clients - or they are betting against their clients position. For example if Plus500 has many long term investors holding BTC in their account they EITHER need to buy BTC in the same amount to hedge themselves OR they are betting that BTC is dropping in value. Or they post complete fake prices, and I'm sure they cannot do this.
|
BTC 1NoV8NFSB7eiuK2aABFtBTdUdXhbEdG7Ss LTC LaFyWSfzKY7CKwwmbxhyf8S2iJvfT7JFtL YAC YKKwR5B64Z9ww971J42vEGVPaema623Tz6
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 13, 2013, 09:16:28 PM |
|
Ah, I was wondering how they manage to offer shorts on BTC. Now I know! (FYI: they can simply loan the customers BTC to the shorters. Smart move by them. Building up the BTC position is a one time thing.) The real question is: what happens if everybody wants to short BTC on Plus500??? hm? as I understand it there are no BTC involved at all. No BTC are borrowed or sold on mtgox. It's just CFD (contract for difference), basically a betting site. I don't think you truly understand how CFDs are synthesized. What do you think happens when you buy a FTSE or S&P CFD? They need to hedge at least the net position of their clients - or they are betting against their clients position. For example if Plus500 has many long term investors holding BTC in their account they EITHER need to buy BTC in the same amount to hedge themselves OR they are betting that BTC is dropping in value. Or they post complete fake prices, and I'm sure they cannot do this. I admit lack of knowledge in this area. That's why I had been asking. After reading a book called "reminiscences of a stock operator" and the descriptions of "bucket shops" therein, I got the impression these shops would not hedge at all but simply take the opposite side of their customers bets. If so, they indeed "work like satoshi dice", who also take the opposite side of their customers bets and still make money in the long run off of fees (in bucket shop case this is the spread an other fees). I doubt they post fake prices... too easy to verify (they say it's based on mtGox market), but I also doubt they hedge on gox for some reason. In the case they do hedge, they better have some BTC ready to sell in case cumulative position of customers is short, right?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
monsterer
Legendary
Offline
Activity: 1008
Merit: 1000
|
|
May 13, 2013, 09:36:38 PM Last edit: May 16, 2013, 07:22:48 AM by monsterer |
|
Just for anyone who doesn't know - 'trading bitcoin' on this broker is no different than trading any other forex symbol. You'll never own the bitcoin you buy and sell and it will be impossible to withdraw it.
You'll only ever be trading on a simulated market - the data-feed is from MtGox (the real marketplace) but your orders will likely never arrive there, the broker will chose which orders to submit and which orders to trade 'in-house' as a market-maker.
You might as well just sign up with a reputable, well known forex broker and trade the forex symbol of your choosing.
Cheers, Paul.
|
|
|
|
01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
May 13, 2013, 09:40:41 PM |
|
I've been searching for another FOREX broker offering Bitcoin market trading but didn't find any.
|
|
|
|
Taxidermista
Legendary
Offline
Activity: 1147
Merit: 1001
|
|
May 16, 2013, 11:40:43 PM |
|
Bitcoin in binaries! I think that's a first.
|
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
August 01, 2013, 05:13:48 PM |
|
why does this broker block access from Brazil?
|
|
|
|
Seth Otterstad
|
|
August 01, 2013, 06:17:45 PM |
|
They block access from a whole bunch of "high risk" countries.
|
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
August 01, 2013, 06:50:11 PM |
|
They block access from a whole bunch of "high risk" countries.
what's the risk for them?
|
|
|
|
Seth Otterstad
|
|
August 01, 2013, 07:09:35 PM |
|
Gaming the signup bonuses.
|
|
|
|
spndr7
Legendary
Offline
Activity: 1020
Merit: 1000
|
|
August 02, 2013, 11:52:11 AM |
|
|
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
August 02, 2013, 05:31:56 PM |
|
suckssss I wanna use it, but i can't
|
|
|
|
BtcBling
|
|
August 04, 2013, 02:53:57 AM |
|
Yes, they completed the dream. F**K... Have to say very nice! Very Pro, but they will finally suck your money - trust me. And continue. Pro setup!
|
|
|
|
01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
August 04, 2013, 03:54:57 AM |
|
Yes, I hate Plus500. Very trustworthy but the software give them a huge edge. They freeze trading when volatility is high so you cant close your position... Got a margin call when the market bounced 10% in about 2 minutes and I couldn't do anything...
1broker is better but limit on BTC/USD is too low.
|
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
August 08, 2013, 09:30:53 PM |
|
|
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
August 09, 2013, 10:01:17 PM |
|
Nice. Now I wonder which one of those two (Plus500 and AvaTrade) will allow deposit and withdrawal of bitcoins. That would be major news. I don't think any serious broker will ever allow..........not in the next, let's say, 5 years?
|
|
|
|
mostar
Newbie
Offline
Activity: 21
Merit: 0
|
|
August 10, 2013, 06:33:47 AM |
|
Look plus500 don't have limit order and API interface like most of the exchanges
|
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
August 10, 2013, 12:14:38 PM |
|
Nice. Now I wonder which one of those two (Plus500 and AvaTrade) will allow deposit and withdrawal of bitcoins. That would be major news. I don't think any serious broker will ever allow..........not in the next, let's say, 5 years? btw, there are 2 brokers which accept BTC deposit Forex Metal Liteforex
|
|
|
|
kakobrekla
|
|
August 12, 2013, 01:42:22 PM |
|
btw, there are 2 brokers which accept BTC deposit
Forex Metal Liteforex
Those are mostly worthless, just like your posts, as they convert your BTC to fiat and you are trading with fiat account at the end of the day. You deliberately forgot to mention the best one of course.
|
|
|
|
MarCoin
Newbie
Offline
Activity: 54
Merit: 0
|
|
September 13, 2013, 09:51:23 AM |
|
Warning! CFD price can be easily manipulated by those brokers (but anyway, Gox does it too). Lot of broker's profits comes from price manipulation, not from spread or commissions
On the other hand, 1broker closed down BTCUSD because of users manipulating prices. It is legit for the big players to manipulate it; it's not that legit (but still legal) to make wider spreads and kick out traders sooner. NEVER trade with larger spread-brokers, use commission-based brokers only
|
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
September 13, 2013, 11:01:03 AM |
|
Warning! CFD price can be easily manipulated by those brokers (but anyway, Gox does it too). Lot of broker's profits comes from price manipulation, not from spread or commissions
On the other hand, 1broker closed down BTCUSD because of users manipulating prices. It is legit for the big players to manipulate it; it's not that legit (but still legal) to make wider spreads and kick out traders sooner. NEVER trade with larger spread-brokers, use commission-based brokers only there are no comission based CFDs
|
|
|
|
SebastianJu
Legendary
Offline
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
|
|
February 07, 2015, 01:25:12 PM |
|
I know this is an old thread but plus500.com still offers bitcoin CFD's and the leverage seems to be 1:17: http://www.plus500.com/Instruments/BTCUSDIs it still risky to trade there because of this websites behaviour? And what about the trading fees? I did not find a trading fee similar to bitfinex, like 0.2% on taker fees. Better avoid that platform?
|
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
|
|
|
capoeira
Legendary
Offline
Activity: 2388
Merit: 1003
|
|
February 07, 2015, 01:37:07 PM |
|
Nice. Now I wonder which one of those two (Plus500 and AvaTrade) will allow deposit and withdrawal of bitcoins. That would be major news. I don't think any serious broker will ever allow..........not in the next, let's say, 5 years? btw, there are 2 brokers which accept BTC deposit Forex Metal Liteforex update: https://bitcointalk.org/index.php?topic=716530.0
|
|
|
|
Giambrone
Newbie
Offline
Activity: 3
Merit: 0
|
|
September 22, 2017, 03:22:45 AM |
|
It's been a few years, but there is now an externally financed group action being organized in the UK. There is no upfront cost to participate, and we want to hear from any individual who lost money at Plus500. More information and sign-up details are available here: plus500.giambronelaw.com
|
|
|
|
|