Re: Forex trading, an alternative to earn bitcoins

Quote from: figmentofmyass on September 27, 2018, 10:21:40 PM

Quote from: markint on September 17, 2018, 11:43:45 PM

And fortunately there are Forex brokers that allow trading with denomination in bitcoin, making deposits and withdrawals in Bitcoin or even trading cryptocurrencies as CFD.

The important thing is to look for alternatives, and this is one of them.

i always trade forex and commodities when bitcoin and altcoins are in a lull. it helps pass the time, and there are/were great bitcoin-only brokers who offered CFDs.

unfortunately, it looks like things are changing for the worse: https://www.sec.gov/news/press-release/2018-218

1broker has been shut down---the FBI seized its domain earlier today and they are being charged by the SEC and CFTC for offering swaps to customers in the USA without proper registration and licensing. Undecided

this does not bode well for other unregistered CFD brokers like simplefx. if you have funds on any brokers like this, i would withdraw ASAP!

interestingly, 1fox (1broker's bitcoin futures brokerage) is still up. if you still have funds there, i would remove it immediately as well. any funds held at 1broker are lost though.....

Thanks for the warning. I had a few funds on 1Fox that I didn't touch for a few months there that I had forgotten. Seems inevitable at this point that 1Fox is also going to eventually go down or something of the sort soon- seems like the news on 1Broker's just starting to come out now as the press release was today, and it isn't at the front of any crypto news outlets yet. Certainly sucks for all of us trading forex.