Which brokers offer Bitcoin? - Page 2
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Thread: Which brokers offer Bitcoin?

  1. #11
    Quote Originally Posted by ;
    To be frank, not certain what would be the Benefit of having a broker for Cryptos.
    Key reasons people use us to trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash would be the ability take short positions and to use leverage to magnify gains and losses in the exact same account where you can trade other markets such as FX, indices, shares and commodities. *

    Who is @JGalt?


    * Contracts for Difference (CFDs) aren't available to US residents. Spot Gold and Silver are not subject to regulations under the US Commodity Exchange Act.

  2. #12
    Quote Originally Posted by ;
    quote Crucial reasons people use us to trade cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash are the ability take short positions and to use leverage to magnify gains and losses in precisely the exact same account where you can trade different markets including commodities, stocks, indices and Foreign Exchange. Who's @?
    Thanks for the missing bit

    and yes... it comes out of that

  3. #13
    Quote Originally Posted by ;
    IG Index in the UK, But there are fundamental Problems with Bitcoin and other Crypto Currencies. It's a huge money spinner for them in the moment due to the spread's along with the idiots not knowing piling and this in anyhow.
    They used to have tight spreads on BTC/USD and that I had been making a killing. Then 1 day went to commerce along with the minimum stop had shifted to 200 pips and the spread widened to 50 pips....too risky GGGRRR!

  4. #14
    I know a Forex broker, Coinexx, that offers trading in nearly 25 currencies. They also accept withdrawals and deposit from the major digital coins like Ethereum, Ripple and Bitcoin.

  5. #15
    Pleiadian is right. On account of the particulars of the crypto instruments, i.e. wider spreads, greater volatility and huge margin requirements, it's fairly risky to get into this market.

  6. #16
    Quote Originally Posted by ;
    I know a Forex broker, Coinexx, who supplies trading in nearly 25 crypto currencies. They also accept deposit and withdrawals from the major digital coins such as Ripple, Ethereum and Bitcoin.
    I concur @maria098, Coinexx is a excellent brokers for BTC trading as well BTC deposits. And I concur to certain degree with couple of members here that it is risky but there are nutheads like me who prefer to trade leveraged cryptos. When compared to what I watch on the exchanges like coinbase, and together with Coinexx the spread is pretty decent. The bid and ask price for BTCUSD on coinbase is dreadful.

  7. #17
    Quote Originally Posted by ;
    quote I agree @, Coinexx is a excellent brokers for BTC trading as well BTC deposits. And I agree to certain extent with members here that it's risky but there are just a few nutheads like me that like to exchange leveraged cryptos. And together with Coinexx the spread is pretty decent when compared to what I see on the trades like coinbase. The bid and ask price for BTCUSD on coinbase is atrocious.
    Secondly that. . Coinexx is sply spreads. Hp the quality remains the same n doesn't deteriorate with time.
    Are you replying as maria here in reply to his ans

  8. #18
    Coinexx crypto model looks fantastic up to now. . .it will be nice to find some more established and aged brokers begin offering crypto pairs using some clearing banks. JAFX offering seems good but there is open questions regarding the company and it's main principal.

  9. #19
    Quote Originally Posted by ;
    Coinexx crypto model looks fantastic up to now. . .it will be wonderful to find some more established and aged brokers begin offering crypto pairs using some clearing banks. JAFX offering seems good but there is open questions about the company and it principal.
    Agreed @COGnizant . . Another reg flag is that they've just been sued by CFTC

    Quoting the release here

    ******************

    JAFX, Ltd.. Solicits U.S. Retail Customers to Trade Forex without Registering as a Retail Foreign Exchange Dealer

    Washington, DC -- The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action at the U.S. District Court for the District of Utah against JAFX, Ltd. (JAFX), a/k/a JAFX, EOOD, of Sofia, Bulgaria and Kingstown, St. Vincent and the Grenadines. The CFTC Complaint alleges that, from at least September 2016 and continuing to the present, JAFX operates as a retail foreign exchange (forex) dealer, without being registered with the CFTC, as required, and that it fails to supply customers with the required Risk Disclosure Statement.

    Specifically, the CFTC's Complaint, filed on July 27, 2018, charges that JAFX has become the counterparty to leveraged, retail forex transactions for customers loed in the United States, who are not Eligible Contract Participants (ECPs). JAFX allegedly solicits orders from U.S. customers who are not ECPs to open leveraged, retail forex trading accounts through JAFX's site, as well as movies on YouTube, in which JAFX can be, or provides to be, the counterparty to each leveraged retail forex transaction. Customers are directed to open trading accounts by simply submitting an account appliion through JAFX's site, and JAFX supports customers exchange and to access their accounts via a mobile appliion, according to the Complaint. U.S. customers allegedly may open an account with JAFX for as little as $100.

    The CFTC appreciates the assistance of the Financial Supervision Commission of Bulgaria.

    The CFTC Division of Enforcement staff members responsible for these cases are Timothy J. Mulreany and Paul G. Hayeck.

    * * * * * * * * * *

  10. #20
    Well that raises a query on the ethics and neglect of this so called reputable broker like JAFX. I checked their site ago and liked there conditions and but the broker always portrayed the image of not accepting US customers and so I never had traded with them. But following news doing rounds I begin signing up and went into the site. And United States was automatically fetched in there. I filled in my details to the next step for files for analyzing and No problems. But now I won't take risks to really start an account.
    And what were they thinking that CFTC see dogs won't have the ability to discover this perjury? They always have and will keep chasing the shore brokers coming for US customers.
    It's a pure scene of neglect by JAFX to conceal their operations in US from the CFTC.

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