Post
Topic
Board Speculation
Re: [NEWS] Bit4x.com - First FOREX accepts bitcoin! - 1:1000 Leverage!!!
by
kakobrekla
on 01/11/2012, 20:16:32 UTC

This is what my problem is - I simply don't have 100BTC to park. Most of these small ForEx brokers I've seen usually only need $100 to open an account. While that's probably enough to ensure that the customer will lose it all, I'm not sure that 10X that is necessary to ensure the customer doesn't lose everything in a heartbeat.

kakobrekla, maybe you guys could set another account level? Allow insane leverage only on the 100BTC accts, and allow up to 1:??(20? 100?) on the smaller accounts? maybe 25BTC to open?

I have pushed the minimum deposit to open Live account as low as I could (yes, the original suggestion was even higher), at 100 units a technical limit was reached. While in theory it would be possible to trick this with deciBTC denomination, which was discussed at some point, the complexity of implementation out weights the gains.

guruvan, I tried to reach you in #bitcoin-assets with no success. Please drop me a message when you are online.


On a side note, until the end of 2012, all new Live accounts receive a 5 BTC bonus.