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Author Topic: Forex brokers with Bitcoin as funding option  (Read 170 times)
melissacarter (OP)
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February 03, 2022, 01:38:19 PM
 #21

You can add one more to the list, XM.COM since 2009.

Great option! Thank you for sharing it here.
palle11
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February 03, 2022, 07:39:31 PM
 #22

I will suggest you give us review of those platforms you listed or link for interested people to research on them for trust sake. It is not just to list brokers accepting bitcoin deposit but how trustworthy are they in every aspect of trading plus manipulation or withdrawal. It is a sensitive post that you have made and I hope newbies won't start patronising them but won't be able to withdraw profit. Trading is about our capital involved and we have to be careful whose custody we keep it. Accepting bitcoin is not just what matters as far brokers is the issue.

I really appreciate your concern and I know how hard it can be when you can’t withdraw your profits. You not only lose money but your precious time and efforts also. All these brokers that I’ve mentioned are low deposit brokers and offer micro lots. In case of any doubt, one can test them by withdrawing small profits initially. If you find anything fishy you can always step back.


This is not about micro lots or small deposit to test run. I doubt if every trading broker don't provide same. All brokers operate same aay regarding trading tools except with very minor difference. Well you have said withdrawal are not problem depending on the individual to do there own research before transferring money.
Hamphser
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February 03, 2022, 08:24:42 PM
 #23

You can add one more to the list, XM.COM since 2009.

Great option! Thank you for sharing it here.
You can also consider on visiting Tradersway.com..

You could also check out this lists too.

https://www.fxempire.com/brokers/best/accepting-bitcoin
https://www.allfxbrokers.com/brokers/deposit-options/bitcoin

But XM would be the best choice for me just like on what previously suggested.

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seleme
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February 03, 2022, 09:56:43 PM
 #24

No don’t use any of those brokers. You will never see your money ever again. They are known as bucket shop brokers and they don’t trade on the open markets. When you open a trade you are trading against them, and only way you make money is if they lose money. And they will use every excuse in their terms not to pay out.

Use a real broker like Binance or FTX. You are trading against other traders there and the exchange doesn’t care if you win or lose. They only get paid with their commissions.
Generally I agree, we have to fight with bucket shop brokers that never release our trading orders to global financial markets. They are famous with hunting stops or even adjusting price levels according to their fake ToS written in favor of house.

OP, if you looking for reliable forex brokers, better use Oanda or Ftx markets instead of small companies. For leveraged crypto trading, mentioned crypto exchanges or ByBit are best alternatives, IMHO.

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adaseb
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February 04, 2022, 03:39:36 AM
 #25

No don’t use any of those brokers. You will never see your money ever again. They are known as bucket shop brokers and they don’t trade on the open markets. When you open a trade you are trading against them, and only way you make money is if they lose money. And they will use every excuse in their terms not to pay out.

Use a real broker like Binance or FTX. You are trading against other traders there and the exchange doesn’t care if you win or lose. They only get paid with their commissions.

Do you have experience with any of these brokers? They all are non dealing desk brokers which are considered best for the fact that they don’t manipulate your trades or don’t take counter position. Furthermore, they also charge their fees in spreads and commissions just like Binance and FTX.

Those brokers I never used but I used similar ones about 10 years ago when trading forex. When you take a trade, the trade is not routed to an actual exchange, you are trading against the broker and not exchange. So if you lose money then everything is great.

The issue is when you make a profit. They will freeze your account typically and say you violated some terms. The most common one these brokers use is saying that their feed was lagging and you knew prices ahead of time and took advantage. That’s a big no and they will close your account, forfeit the profits and you might get your deposit back if you are lucky.

Stay away from them.
sheryllmcnulty
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February 04, 2022, 03:41:19 AM
 #26

Thanks for sharing this list of forex brokers. Helpful for anybody looking for the best crypto broker. I like that they also offer high leverage for crypto trading. The best part about crypto cfd trading is that you can earn profits without having to worry about storing your coins safely. The best crypto broker for cfd  trading gives you access to a variety of trading tools and lets you go either direction, be it long or short, to earn profits.
abrahamtownsend
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February 04, 2022, 04:06:16 AM
 #27

I have shifted to bitcoin for funding my trading account and I definitely agree that it’s the most convenient method. Also it is more secure, you are not required to give your bank details and can simply deposit and withdraw through bitcoin.
melissacarter (OP)
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February 04, 2022, 05:21:29 AM
 #28

In my opinion Brokers will only take your money with the lure of profit offers. However, when one really wants to enter the world of trading, be it on Forex or any other exchange, they just need to learn the basics first in analyzing all trading strategies. instead of paying the broker you will only be charged 2x. That is even if it comes back with funds safe. No trading advice but control over you. Especially with Bitcoin, it's enough for you to hold it.
It’s a personal choice. Both hodling and trading can be risky as well as profitable.
Flexuose
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February 16, 2022, 11:50:33 AM
 #29

I have been using Finprotrading for crypto trading, they are good.     
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