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How the TFSA works

(Updated August 9th, 2020)

Background


You may have heard about off-shore tax havens of questionable legality where wealthy people invest their money in legal "grey zones" and don't pay any tax, as featured for example, in Netflix's drama, The Laundromat.

The reality is that the Government of Canada offers 100% tax-free investing throughout your life, with unlimited withdrawals of your contributions and profits, and no limits on how much you can make tax-free. There is also nothing to report to the Canada Revenue Agency. Although Britain has a comparable program, Canada is the only country in the world that offers tax-free investing with this level of power and flexibility.

Thank you fellow Redditors for the wonderful Gold Award and Today I Learned Award!

(Unrelated but Important Note: I put a link at the bottom for my margin account explainer. Many people are interested in margin trading but don't understand the math behind margin accounts and cannot find an explanation. If you want to do margin, but don't know how, click on the link.)

As a Gen-Xer, I wrote this post with Millennials in mind, many of whom are getting interested in investing in ETFs, individual stocks, and also my personal favourite, options. Your generation is uniquely positioned to take advantage of this extremely powerful program at a relatively young age. But whether you're in your 20's or your 90's, read on!

Are TFSAs important? In 2020 Canadians have almost 1 trillion dollars saved up in their TFSAs, so if that doesn't prove that pennies add up to dollars, I don't know what does. The TFSA truly is the Great Canadian Tax Shelter.

I will periodically be checking this and adding issues as they arise, to this post. I really appreciate that people are finding this useful. As this post is now fairly complete from a basic mechanics point of view, and some questions are already answered in this post, please be advised that at this stage I cannot respond to questions that are already covered here. If I do not respond to your post, check this post as I may have added the answer to the FAQs at the bottom.

How to Invest in Stocks


A lot of people get really excited - for good reason - when they discover that the TFSA allows you to invest in stocks, tax free. I get questions about which stocks to buy.

I have made some comments about that throughout this post, however; I can't comprehensively answer that question. Having said that, though, if you're interested in picking your own stocks and want to learn how, I recommmend starting with the following videos:

The first is by Peter Lynch, a famous American investor in the 80's who wrote some well-respected books for the general public, like "One Up on Wall Street." The advice he gives is always valid, always works, and that never changes, even with 2020's technology, companies and AI:

https://www.youtube.com/watch?v=cRMpgaBv-U4&t=2256s


The second is a recording of a university lecture given by investment legend Warren Buffett, who expounds on the same principles:

https://www.youtube.com/watch?v=2MHIcabnjrA

Please note that I have no connection to whomever posted the videos.

Introduction


TFSAs were introduced in 2009 by Stephen Harper's government, to encourage Canadians to save.

The effect of the TFSA is that ordinary Canadians don't pay any income or capital gains tax on their securities investments.

Initial uptake was slow as the contribution rules take some getting used to, but over time the program became a smash hit with Canadians. There are about 20 million Canadians with TFSAs, so the uptake is about 70%- 80% (as you have to be the age of majority in your province/territory to open a TFSA).

Eligibility to Open a TFSA


You must be a Canadian resident with a valid Social Insurance Number to open a TFSA. You must be at the voting age in the province in which you reside in order to open a TFSA, however contribution room begins to accumulate from the year in which you turned 18. You do not have to file a tax return to open a TFSA. You do not need to be a Canadian citizen to open and contribute to a TFSA. No minimum balance is required to open a TFSA.

Where you Can Open a TFSA


There are hundreds of financial institutions in Canada that offer the TFSA. There is only one kind of TFSA; however, different institutions offer a different range of financial products. Here are some examples:


Insurance


Your TFSA may be covered by either CIFP or CDIC insuranceor both. Ask your bank or broker for details.

What You Can Trade and Invest In


You can trade the following:


What You Cannot Trade


You cannot trade:

Again, if it requires a margin account, it's out. You cannot buy on margin in a TFSA. Nothing stopping you from borrowing money from other sources as long as you stay within your contribution limits, but you can't trade on margin in a TFSA. You can of course trade long puts and calls which give you leverage.

Rules for Contribution Room


Starting at 18 you get a certain amount of contribution room.

According to the CRA:
You will accumulate TFSA contribution room for each year even if you do not file an Income Tax and Benefit Return or open a TFSA.
The annual TFSA dollar limit for the years 2009 to 2012 was $5,000.
The annual TFSA dollar limit for the years 2013 and 2014 was $5,500.
The annual TFSA dollar limit for the year 2015 was $10,000.
The annual TFSA dollar limit for the years 2016 to 2018 was $5,500.
The annual TFSA dollar limit for the year 2019 is $6,000.
The TFSA annual room limit will be indexed to inflation and rounded to the nearest $500.
Investment income earned by, and changes in the value of TFSA investments will not affect your TFSA contribution room for the current or future years.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html
If you don't use the room, it accumulates indefinitely.

Trades you make in a TFSA are truly tax free. But you cannot claim the dividend tax credit and you cannot claim losses in a TFSA against capital gains whether inside or outside of the TFSA. So do make money and don't lose money in a TFSA. You are stuck with the 15% withholding tax on U.S. dividend distributions unlike the RRSP, due to U.S. tax rules, but you do not pay any capital gains on sale of U.S. shares.

You can withdraw *both* contributions *and* capital gains, no matter how much, at any time, without penalty. The amount of the withdrawal (contributions+gains) converts into contribution room in the *next* calendar year. So if you put the withdrawn funds back in the same calendar year you take them out, that burns up your total accumulated contribution room to the extent of the amount that you re-contribute in the same calendar year.

Examples


E.g. Say you turned 18 in 2016 in Alberta where the age of majority is 18. It is now sometime in 2020. You have never contributed to a TFSA. You now have $5,500+$5,500+$5,500+$6,000+$6,000 = $28,500 of room in 2020. In 2020 you manage to put $20,000 in to your TFSA and you buy Canadian Megacorp common shares. You now have $8,500 of room remaining in 2020.

Sometime in 2021 - it doesn't matter when in 2021 - your shares go to $100K due to the success of the Canadian Megacorp. You also have $6,000 worth of room for 2021 as set by the government. You therefore have $8,500 carried over from 2020+$6,000 = $14,500 of room in 2021.

In 2021 you sell the shares and pull out the $100K. This amount is tax-free and does not even have to be reported. You can do whatever you want with it.

But: if you put it back in 2021 you will over-contribute by $100,000 - $14,500 = $85,500 and incur a penalty.

But if you wait until 2022 you will have $14,500 unused contribution room carried forward from 2021, another $6,000 for 2022, and $100,000 carried forward from the withdrawal 2021, so in 2022 you will have $14,500+$6,000+$100,000 = $120,500 of contribution room.

This means that if you choose, you can put the $100,000 back in in 2022 tax-free and still have $20,500 left over. If you do not put the money back in 2021, then in 2022 you will have $120,500+$6,000 = $126,500 of contribution room.

There is no age limit on how old you can be to contribute, no limit on how much money you can make in the TFSA, and if you do not use the room it keeps carrying forward forever.

Just remember the following formula:

This year's contribution room = (A) unused contribution room carried forward from last year + (B) contribution room provided by the government for this year + (C) total withdrawals from last year.

EXAMPLE 1:

Say in 2020 you never contributed to a TFSA but you were 18 in 2009.
You have $69,500 of unused room (see above) in 2020 which accumulated from 2009-2020.
In 2020 you contribute $50,000, leaving $19,500 contribution room unused for 2020. You buy $50,000 worth of stock. The next day, also in 2020, the stock doubles and it's worth $100,000. Also in 2020 you sell the stock and withdraw $100,000, tax-free.

You continue to trade stocks within your TFSA, and hopefully grow your TFSA in 2020, but you make no further contributions or withdrawals in 2020.


The question is, How much room will you have in 2021?
Answer: In the year 2021, the following applies:
(A) Unused contribution room carried forward from last year, 2020: $19,500
(B) Contribution room provided by government for this year, 2021: $6,000
(C) Total withdrawals from last year, 2020: $100,000

Total contribution room for 2021 = $19,500+6,000+100,000 = $125,500.

EXAMPLE 2:
Say between 2020 and 2021 you decided to buy a tax-free car (well you're still stuck with the GST/PST/HST/QST but you get the picture) so you went to the dealer and spent $25,000 of the $100,000 you withdrew in 2020. You now have a car and $75,000 still burning a hole in your pocket. Say in early 2021 you re-contribute the $75,000 you still have left over, to your TFSA. However, in mid-2021 you suddenly need $75,000 because of an emergency so you pull the $75,000 back out. But then a few weeks later, it turns out that for whatever reason you don't need it after all so you decide to put the $75,000 back into the TFSA, also in 2021. You continue to trade inside your TFSA but make no further withdrawals or contributions.

How much room will you have in 2022?
Answer: In the year 2022, the following applies:

(A) Unused contribution room carried forward from last year, 2021: $125,500 - $75,000 - $75,000 = -$24,500.

Already you have a problem. You have over-contributed in 2021. You will be assessed a penalty on the over-contribution! (penalty = 1% a month).

But if you waited until 2022 to re-contribute the $75,000 you pulled out for the emergency.....

In the year 2022, the following would apply:
(A) Unused contribution room carried forward from last year, 2021: $125,500 -$75,000 =$50,500.
(B) Contribution room provided by government for this year, 2022: $6,000
(C) Total withdrawals from last year, 2020: $75,000

Total contribution room for 2022 = $50,500 + $6,000 + $75,000 = $131,500.
...And...re-contributing that $75,000 that was left over from your 2021 emergency that didn't materialize, you still have $131,500-$75,000 = $56,500 of contribution room left in 2022.

For a more comprehensive discussion, please see the CRA info link below.

FAQs That Have Arisen in the Discussion and Other Potential Questions:



  1. Equity and ETF/ETN Options in a TFSA: can I get leverage? Yes. You can buy puts and calls in your TFSA and you only need to have the cash to pay the premium and broker commissions. Example: if XYZ is trading at $70, and you want to buy the $90 call with 6 months to expiration, and the call is trading at $2.50, you only need to have $250 in your account, per option contract, and if you are dealing with BMO IL for example you need $9.95 + $1.25/contract which is what they charge in commission. Of course, any profits on closing your position are tax-free. You only need the full value of the strike in your account if you want to exercise your option instead of selling it. Please note: this is not meant to be an options tutorial; see the Montreal Exchange's Equity Options Reference Manual if you have questions on how options work.
  2. Equity and ETF/ETN Options in a TFSA: what is ok and not ok? Long puts and calls are allowed. Covered calls are allowed, but cash-secured puts are not allowed. All other option trades are also not allowed. Basically the rule is, if the trade is not a covered call and it either requires being short an option or short the stock, you can't do it in a TFSA.
  3. Live in a province where the voting age is 19 so I can't open a TFSA until I'm 19, when does my contribution room begin? Your contribution room begins to accumulate at 18, so if you live in province where the age of majority is 19, you'll get the room carried forward from the year you turned 18.
  4. If I turn 18 on December 31, do I get the contribution room just for that day or for the whole year? The whole year.
  5. Do commissions paid on share transactions count as withdrawals? Unfortunately, no. If you contribute $2,000 cash and you buy $1,975 worth of stock and pay $25 in commission, the $25 does not count as a withdrawal. It is the same as if you lost money in the TFSA.
  6. How much room do I have? If your broker records are complete, you can do a spreadsheet. The other thing you can do is call the CRA and they will tell you.
  7. TFSATFSA direct transfer from one institution to another: this has no impact on your contributions or withdrawals as it counts as neither.
  8. More than 1 TFSA: you can have as many as you want but your total contribution room does not increase or decrease depending on how many accounts you have.
  9. Withdrawals that convert into contribution room in the next year. Do they carry forward indefinitely if not used in the next year? Answer :yes.
  10. Do I have to declare my profits, withdrawals and contributions? No. Your bank or broker interfaces directly with the CRA on this. There are no declarations to make.
  11. Risky investments - smart? In a TFSA you want always to make money, because you pay no tax, and you want never to lose money, because you cannot claim the loss against your income from your job. If in year X you have $5,000 of contribution room and put it into a TFSA and buy Canadian Speculative Corp. and due to the failure of the Canadian Speculative Corp. it goes to zero, two things happen. One, you burn up that contribution room and you have to wait until next year for the government to give you more room. Two, you can't claim the $5,000 loss against your employment income or investment income or capital gains like you could in a non-registered account. So remember Buffett's rule #1: Do not lose money. Rule #2 being don't forget the first rule. TFSA's are absolutely tailor-made for Graham-Buffett value investing or for diversified ETF or mutual fund investing, but you don't want to buy a lot of small specs because you don't get the tax loss.
  12. Moving to/from Canada/residency. You must be a resident of Canada and 18 years old with a valid SIN to open a TFSA. Consult your tax advisor on whether your circumstances make you a resident for tax purposes. Since 2009, your TFSA contribution room accumulates every year, if at any time in the calendar year you are 18 years of age or older and a resident of Canada. Note: If you move to another country, you can STILL trade your TFSA online from your other country and keep making money within the account tax-free. You can withdraw money and Canada will not tax you. But you have to get tax advice in your country as to what they do. There restrictions on contributions for non-residents. See "non residents of Canada:" https://www.canada.ca/content/dam/cra-arc/formspubs/pub/rc4466/rc4466-19e.pdf
  13. The U.S. withholding tax. Dividends paid by U.S.-domiciled companies are subject to a 15% U.S. withholding tax. Your broker does this automatically at the time of the dividend payment. So if your stock pays a $100 USD dividend, you only get $85 USD in your broker account and in your statement the broker will have a note saying 15% U.S. withholding tax. I do not know under what circumstances if any it is possible to get the withheld amount. Normally it is not, but consult a tax professional.
  14. The U.S. withholding tax does not apply to capital gains. So if you buy $5,000 USD worth of Apple and sell it for $7,000 USD, you get the full $2,000 USD gain automatically.
  15. Tax-Free Leverage. Leverage in the TFSA is effectively equal to your tax rate * the capital gains inclusion rate because you're not paying tax. So if you're paying 25% on average in income tax, and the capital gains contribution rate is 50%, the TFSA is like having 12.5%, no margin call leverage costing you 0% and that also doesn't magnify your losses.
  16. Margin accounts. These accounts allow you to borrow money from your broker to buy stocks. TFSAs are not margin accounts. Nothing stopping you from borrowing from other sources (such as borrowing cash against your stocks in an actual margin account, or borrowing cash against your house in a HELOC or borrowing cash against your promise to pay it back as in a personal LOC) to fund a TFSA if that is your decision, bearing in mind the risks, but a TFSA is not a margin account. Consider options if you want leverage that you can use in a TFSA, without borrowing money.
  17. Dividend Tax Credit on Canadian Companies. Remember, dividends paid into the TFSA are not eligible to be claimed for the credit, on the rationale that you already got a tax break.
  18. FX risk. The CRA allows you to contribute and withdraw foreign currency from the TFSA but the contribution/withdrawal accounting is done in CAD. So if you contribute $10,000 USD into your TFSA and withdraw $15,000 USD, and the CAD is trading at 70 cents USD when you contribute and $80 cents USD when you withdraw, the CRA will treat it as if you contributed $14,285.71 CAD and withdrew $18,75.00 CAD.
  19. OTC (over-the-counter stocks). You can only buy stocks if they are listed on an approved exchange ("approved exchange" = TSX, TSX-V, NYSE, NASDAQ and about 25 or so others). The U.S. pink sheets "over-the-counter" market is an example of a place where you can buy stocks, that is not an approved exchange, therefore you can't buy these penny stocks. I have however read that the CRA make an exception for a stock traded over the counter if it has a dual listing on an approved exchange. You should check that with a tax lawyer or accountant though.
  20. The RRSP. This is another great tax shelter. Tax shelters in Canada are either deferrals or in a few cases - such as the TFSA - outright tax breaks, The RRSP is an example of a deferral. The RRSP allows you to deduct your contributions from your income, which the TFSA does not allow. This deduction is a huge advantage if you earn a lot of money. The RRSP has tax consequences for withdrawing money whereas the TFSA does not. Withdrawals from the RRSP are taxable whereas they are obviously not in a TFSA. You probably want to start out with a TFSA and maintain and grow that all your life. It is a good idea to start contributing to an RRSP when you start working because you get the tax deduction, and then you can use the amount of the deduction to contribute to your TFSA. There are certain rules that claw back your annual contribution room into an RRSP if you contribute to a pension. See your tax advisor.
  21. Pensions. If I contribute to a pension does that claw back my TFSA contribution room or otherwise affect my TFSA in any way? Answer: No.
  22. The $10K contribution limit for 2015. This was PM Harper's pledge. In 2015 the Conservative government changed the rules to make the annual government allowance $10,000 per year forever. Note: withdrawals still converted into contribution room in the following year - that did not change. When the Liberals came into power they switched the program back for 2016 to the original Harper rules and have kept the original Harper rules since then. That is why there is the $10,000 anomaly of 2015. The original Harper rules (which, again, are in effect now) called for $500 increments to the annual government allowance as and when required to keep up with inflation, based on the BofC's Consumer Price Index (CPI). Under the new Harper rules, it would have been $10,000 flat forever. Which you prefer depends on your politics but the TFSA program is massively popular with Canadians. Assuming 1.6% annual CPI inflation then the annual contribution room will hit $10,000 in 2052 under the present rules. Note: the Bank of Canada does an excellent and informative job of explaining inflation and the CPI at their website.
  23. Losses in a TFSA - you cannot claim a loss in a TFSA against income. So in a TFSA you always want to make money and never want to lose money. A few ppl here have asked if you are losing money on your position in a TFSA can you transfer it in-kind to a cash account and claim the loss. I would expect no as I cannot see how in view of the fact that TFSA losses can't be claimed, that the adjusted cost base would somehow be the cost paid in the TFSA. But I'm not a tax lawyeaccountant. You should consult a tax professional.
  24. Transfers in-kind to the TFSA and the the superficial loss rule. You can transfer securities (shares etc.) "in-kind," meaning, directly, from an unregistered account to the TFSA. If you do that, the CRA considers that you "disposed" of, meaning, equivalent to having sold, the shares in the unregistered account and then re-purchased them at the same price in the TFSA. The CRA considers that you did this even though the broker transfers the shares directly in the the TFSA. The superficial loss rule, which means that you cannot claim a loss for a security re-purchased within 30 days of sale, applies. So if you buy something for $20 in your unregistered account, and it's trading for $25 when you transfer it in-kind into the TFSA, then you have a deemed disposition with a capital gain of $5. But it doesn't work the other way around due to the superficial loss rule. If you buy it for $20 in the unregistered account, and it's trading at $15 when you transfer it in-kind into the TFSA, the superficial loss rule prevents you from claiming the loss because it is treated as having been sold in the unregistered account and immediately bought back in the TFSA.
  25. Day trading/swing trading. It is possible for the CRA to try to tax your TFSA on the basis of "advantage." The one reported decision I'm aware of (emphasis on I'm aware of) is from B.C. where a woman was doing "swap transactions" in her TFSA which were not explicitly disallowed but the court rules that they were an "advantage" in certain years and liable to taxation. Swaps were subsequently banned. I'm not sure what a swap is exactly but it's not that someone who is simply making contributions according to the above rules would run afoul of. The CRA from what I understand doesn't care how much money you make in the TFSA, they care how you made it. So if you're logged on to your broker 40 hours a week and trading all day every day they might take the position that you found a way to work a job 40 hours a week and not pay any tax on the money you make, which they would argue is an "advantage," although there are arguments against that. This is not legal advice, just information.
  26. The U.S. Roth IRA. This is a U.S. retirement savings tax shelter that is superficially similar to the TFSA but it has a number of limitations, including lack of cumulative contribution room, no ability for withdrawals to convert into contribution room in the following year, complex rules on who is eligible to contribute, limits on how much you can invest based on your income, income cutoffs on whether you can even use the Roth IRA at all, age limits that govern when and to what extent you can use it, and strict restrictions on reasons to withdraw funds prior to retirement (withdrawals prior to retirement can only be used to pay for private medical insurance, unpaid medical bills, adoption/childbirth expenses, certain educational expenses). The TFSA is totally unlike the Roth IRA in that it has none of these restrictions, therefore, the Roth IRA is not in any reasonable sense a valid comparison. The TFSA was modeled after the U.K. Investment Savings Account, which is the only comparable program to the TFSA.
  27. The UK Investment Savings Account. This is what the TFSA was based off of. Main difference is that the UK uses a 20,000 pound annual contribution allowance, use-it-or-lose-it. There are several different flavours of ISA, and some do have a limited recontribution feature but not to the extent of the TFSA.
  28. Is it smart to overcontribute to buy a really hot stock and just pay the 1% a month overcontribution penalty? If the CRA believes you made the overcontribution deliberately the penalty is 100% of the gains on the overcontribution, meaning, you can keep the overcontribution, or the loss, but the CRA takes the profit.
  29. Speculative stocks-- are they ok? There is no such thing as a "speculative stock." That term is not used by the CRA. Either the stock trades on an approved exchange or it doesn't. So if a really blue chip stock, the most stable company in the world, trades on an exchange that is not approved, you can't buy it in a TFSA. If a really speculative gold mining stock in Busang, Indonesia that has gone through the roof due to reports of enormous amounts of gold, but their geologist somehow just mysteriously fell out of a helicopter into the jungle and maybe there's no gold there at all, but it trades on an approved exchange, it is fine to buy it in a TFSA. Of course the risk of whether it turns out to be a good investment or not, is on you.
Remember, you're working for your money anyway, so if you can get free money from the government -- you should take it! Follow the rules because Canadians have ended up with a tax bill for not understanding the TFSA rules.
Appreciate the feedback everyone. Glad this basic post has been useful for many. The CRA does a good job of explaining TFSAs in detail at https://www.canada.ca/content/dam/cra-arc/formspubs/pub/rc4466/rc4466-19e.pdf

Unrelated but of Interest: The Margin Account

Note: if you are interested in how margin accounts work, I refer you to my post on margin accounts, where I use a straightforward explanation of the math behind margin accounts to try and give readers the confidence that they understand this powerful leveraging tool.

How Margin Loans Work - a Primer

submitted by KhingoBhingo to CanadianInvestor [link] [comments]

Broker with API in Europe

I have been working on a trading bot recently and I would like to start testing it with a paper account and potentially real money at some point.
I have been looking for brokers with APIs but I could not find any that match my criteria yet.
I found Alpaca but this is U.S Based and they only offer margin accounts that are subject to the PDT rule.
Interactive brokers do not offer free trades outside US
I also came across trading 212 which has an unofficial python API that's using selenium. not ideal...
as a last resort I will apply my bot on binance on cryptos but ideally I would like to see it in the stock market.
Any recommendations?
submitted by dionisisd to algotrading [link] [comments]

Fairly Conservative Stock Advice for the non Expert


Buy stocks with earnings and increasing revenues. You can forget that occasionally but it takes time to learn when you can do that.
Yahoo finance has all the general info you need to assess a stock in most cases but it'll take a while to learn to navigate for everything.
If you can find a stock that is going up nicely (during normal times) in volume more than triple its average inexplicably on NO CURRENT NEWS-that is the best way i have found explosive stocks-Finding one in a hot sector is a big plus. It may take 2-3 weeks or more before they start popping. The reason this works is because it indicates some 'wise guys' know something is coming that isn't out yet. It is best used for small cap to low mid cap generally unknown stocks. Don't use this formula for stocks that have crashed and are now bouncing up.
Read these boards and watch all the business channels as often as you can-Listen when Buffet speaks. This is to learn basic market and business principles and not necessarily for specific stock picks. If you hear of an interesting stock, do your own due diligence.
A Drip plan on a Utility or Dividend Mutual Fund where you add extra money of the same amount regularly is the surest way to make a nice score over time. Try to get in when the market tanks and/or up your extra contribution at that time.
Don't EVER buy stocks under $3-$4. If you have to, make sure you can handle a total loss. If you receive a phone call from a broker you don't know to buy one, don't even think about it-just hang up.
Avoid Margin unless you can transfer in covering funds in a day or two
Buy thinly traded stocks that you like when they are down on low volume.
Never set a GTC order for more than a week or two at most. You can wind up buying a stock for forty that is 25 ten minutes later. Much less likely to happen in a week or two and then you can re-assess your decision. If you have a GTC order, you must read the after market and pre market news so that you can cancel your order if something weird is going on. The exception might be in the crypto market to set some GTC orders at 60% below market and hope for a flash crash.
With short term trading, only trade stocks with good fundamentals that you wont mind owning if things don't go your way.
Don't buy in the pre market
Once you sell a stock at a profit, don't buy back in on a small drop
Always have 20% cash in case of a market crash. Adding money incrementally and waiting for a 5% rally are usually good ideas
If you get lucky and have a 500% gain or more inside of a year on a stock, take double your investment off the table.
Remember "No one ever went broke taking a profit" and You'll never buy at the absolute lows or sell at the highs. When in doubt on taking a profit, sell half!
NONE of this info came from a book. I have never read a book on the market but quite a few articles, watched the business channels, talked extensively to active investors and been trading and following the market for decades.
Good luck!
submitted by Knownothingfool to StockMarket [link] [comments]

Bittrex Review: One of the First Crypto Exchanges| Final Part

Bittrex Review: One of the First Crypto Exchanges| Final Part

4. Transaction Fees

Transferring funds across the blockchain and withdrawing them from Bittrex costs a fee for customers, with the rate unique for every coin.
Bittrex Global charges no commission for deposits. Please keep in mind that some tokens or cash may be required to perform a transaction by a crypto coin or token’s community. Bittrex crypto exchange can’t keep away from it.
Every token or coin has a blockchain transaction fee that is built in it, and the Bittrex fee is a small amount to cover this charge. You can view the fee percentage for every coin or token by clicking Withdrawal near to the coin. There you will see a transaction fee you will be charged for withdrawing a specific coin or token.
In the example below, the withdrawal fee amounts to 1 USDT
https://preview.redd.it/209uz2p64zh51.jpg?width=974&format=pjpg&auto=webp&s=9ee9355c4d75d41931a3073b8a230bd1ffddaf08
The transaction fee for Bitcoin came to 0.00050000 BTC
https://preview.redd.it/vh7zbe884zh51.jpg?width=974&format=pjpg&auto=webp&s=e6293650b46a7e0ba661478bd2467471b8b213f9

5. Trading Fees

The fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker.
Bittrex Global Fee30 Day Volume (USD)MakerTaker$0k - $50k0.2%0.2%$50k - $1M0.12%0.18%$1M - $10M0.05%0.15%$10M - $60M0.02%0.1%$60M+0%0.08%>$100MContact TAM representative
Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation.
Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages.

Monthly Volume

Your buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars.
Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day.
You can check your monthly trade volume by logging in and opening Account > My Activity.
https://preview.redd.it/n1djh2ob4zh51.jpg?width=974&format=pjpg&auto=webp&s=2eebb9c9ac63de207c4dd2e49bc45aeb53a8dec8

6. Withdrawing Funds

Withdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency.
You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away.
After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction.
If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal.

7. How to Trade on Bittrex Global

Currency selling and buying transactions are performed using the Sell and Buy buttons, accordingly.
To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair.
Below the chart, there is a section with orders where the user can buy or sell a virtual asset.
To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity.
For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn.
https://preview.redd.it/hopm6fih4zh51.jpg?width=1302&format=pjpg&auto=webp&s=68c0aaae86f64c3e6b9d351c3df2a9c331f94038

Order Types

Bittrex helps you alternate Limit and Stop-Limit orders.
A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order.

Differences between Limit Order and Stop Limit Order

A stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.

Stop Limit Order Purpose

https://preview.redd.it/hlxvy9ti4zh51.jpg?width=1141&format=pjpg&auto=webp&s=064a77459a4dcb4555a885cbc56629aae10fc38b

Trade Terminal

Let’s discuss how you could trade conveniently with our service.
The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth).
The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place.
You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings.
Markets are the trade section. Bittrex allows handling over 270 currency pairs.
Orders. To see all open orders, go to OrdersOpen.
To see completed orders, go to OrdersCompleted.
Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them.
After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day.
Here’s what you can also do with your wallets:
  • Hide zero balances: hide currencies with zero balance
  • Green and red arrows: replenish balance/withdraw funds
  • Find: search for a cryptocurrency
The Settings section helps manage your account, verification, 2FA, password modification, API connection, and many more.

How to Sell

The process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case).
If you scroll the screen, the entire history of trades and orders will be displayed below.

LONG and SHORT

You can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price.
Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction.
Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker.
A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline.

Trade via API

Bittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services.
To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes.
If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key).
Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key.
Click Save and enter the 2FA code from the authenticator → Confirm.
The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it!
To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm.

Bittrex Bot, a Trader’s Assistant

Robotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process.
Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters.
Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment.
The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level.

8. Secure Platform

Bittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules.
Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry.
The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety.
Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection.
Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP

How to Pass IP Verification

To ensure higher security of your Bittrex Global account, the system requires all users to approve each new IP address through an email confirmation. This IP verification procedure is required every time you attempt to log in from a new IP Address.
Confirming your IP address.
https://preview.redd.it/rnl730z75zh51.jpg?width=971&format=pjpg&auto=webp&s=bd13fba0a844ab01cadc40003f5ea5de7439cbf9
The new IP address must be confirmed from the device that you are using to access Bittrex Global. This means that you must follow the CLICK HERE TO LOGIN link in an email on the device that you want to use to access your account.
https://preview.redd.it/tq9eje795zh51.jpg?width=607&format=pjpg&auto=webp&s=160b2ebfd1b9e0a287d4d2b99017dd45518ef2f7
To ensure even more security, Bittrex Global supports whitelisting of IP addresses and Crypto addresses. These two features can help protect the account in the event of credentials or API key loss.

How to Add IP Address to Whitelist

By setting one or more whitelisted addresses, you are telling Bittrex Global to only authorize trades or withdrawals from those IPs. This concerns both the global.bittrex.com web interface and API-based trades or withdrawals. To do this, click IP Whitelist in Site Settings.
https://preview.redd.it/m2klahja5zh51.jpg?width=971&format=pjpg&auto=webp&s=7cfb941ecb5284973baed1a2b0301459e36a0ab6

How to Add Crypto Address to Whitelist

By setting a withdrawal address, you are telling Bittrex Global to authorize withdrawals only to that address.
This concerns both the global.bittrex.com web interface and API based withdrawals.
Note that when opting into this feature, you need to specify a withdrawal address would like to withdraw funds from for every currency. To do this, click Withdrawal Whitelist in the Site Settings section. The example below shows a BTC address.
https://preview.redd.it/yrror8zd5zh51.jpg?width=974&format=pjpg&auto=webp&s=179dd7da9f6e59d3fca628cbfcd2c3962562f911

Afterword

Bittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories.
The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges.
The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector.
Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide.
The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally.
Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security.
Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers.
Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading.
One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange.
Bittrex is a force of the blockchain revolution and an important entity of the emerging sector.
The full version
First part
Second part
submitted by mPrestige to revain_org [link] [comments]

Does ZeroMQ allow placing orders and receiving current/historical orders through python?

So I've been developing a custom trading program. It allows trading crypto on binance and bitmex. I want to extend my app to be able to trade forex as well by connecting it to my broker's MT4 terminal via ZeroMQ. I also want to implement a "stats" section where I can see my portfolio and general account information (such as currently open orders, total free balance, total "locked" balance, margin level and so on) on each of Binance, BitMex and forex broker--all in one section.
To do this, I need ZeroMQ to be able to:
  1. stream live tick data from MT4 terminal to my python app
  2. send currently open orders from MT4 terminal to my python app
  3. send closed historical orders from MT4 terminal to my python app
  4. send current balance and margin level information from MT4 terminal to my python app
  5. place a new order from my python app
  6. cancel/close an open order from my python app
  7. modify an open order from my python app
Does ZeroMQ allow all of these features?
submitted by esoteric_skotophilia to Forex [link] [comments]

Does ZeroMQ allow placing orders and receiving current/historical orders through python?

So I've been developing a custom trading program. It allows trading crypto on binance and bitmex. I want to extend my app to be able to trade forex as well by connecting it to my broker's MT4 terminal via ZeroMQ. I also want to implement a "stats" section where I can see my portfolio and general account information (such as currently open orders, total free balance, total "locked" balance, margin level and so on) on each of Binance, BitMex and forex broker--all in one section.
To do this, I need ZeroMQ to be able to:
  1. stream live tick data from MT4 terminal to my python app
  2. send currently open orders from MT4 terminal to my python app
  3. send closed historical orders from MT4 terminal to my python app
  4. send current balance and margin level information from MT4 terminal to my python app
  5. place a new order from my python app
  6. cancel/close an open order from my python app
  7. modify an open order from my python app
Does ZeroMQ allow all of these features?
submitted by esoteric_skotophilia to algotrading [link] [comments]

Inverse Grayscale Trust Funds

Grayscale has a number of crypto trust funds that are available on traditional markets through brokers such as Questrade. This opens up some options for those interested in holding a position on these trusts in a typical margin trading account.
However, some accounts such as the registered TFSA in Canada do not allow short positions. I am interested if anyone is aware of an inverse fund for any of the Grayscale crypto trust funds?
submitted by Gaoez01 to CryptoCurrency [link] [comments]

Does ZeroMQ allow placing orders and receiving current/historical orders through python?

So I've been developing a custom trading program. It allows trading crypto on binance and bitmex. I want to extend my app to be able to trade forex as well by connecting it to my broker's MT4 terminal via ZeroMQ. I also want to implement a "stats" section where I can see my portfolio and general account information (such as currently open orders, total free balance, total "locked" balance, margin level and so on) on each of Binance, BitMex and forex broker--all in one section.
To do this, I need ZeroMQ to be able to:
  1. stream live tick data from MT4 terminal to my python app
  2. send currently open orders from MT4 terminal to my python app
  3. send closed historical orders from MT4 terminal to my python app
  4. send current balance and margin level information from MT4 terminal to my python app
  5. place a new order from my python app
  6. cancel/close an open order from my python app
  7. modify an open order from my python app
Does ZeroMQ allow all of these features?
submitted by esoteric_skotophilia to Daytrading [link] [comments]

PSA: Predatory exchange checklist

Everyone please, I would seriously advise you to stay away from exchanges that have predatory practices that take advantage of new users and first time depositors, because they have no other way to make money. An exchange that is functioning properly makes money on either their trading fees or their spread. I am writing this to all the new people that are looking for bitcoin exchange/broker options in Canada.
There are certain things you should look at and if the exchange in question has any or a combination of the following I would suggest you stay away, as the practices of these exchanges are the reason they are running on fumes and I would not like to see anyone on here get caught in another exit scam.
  1. Deposit or Withdrawal fees on fiat or crypto (unrealistic amounts). There are plenty of other exchanges with no deposit or withdrawal fees and if the exchange is successful, this is not needed at all and is a failed business model in Canada.
  2. Minimum withdrawal or deposit amounts on fiat or crypto (within reason). You should be able to deposit and withdraw as much as you'd like without restriction. This is a tactic that will most likely cause you to have to bring your balance up to a certain amount before you can withdraw. I would not consider this to be the case if the amount is $5 or less, as it does cost money to send bank wire and e-transfer.
  3. Holds on funds and bank like activity (not including fraud concerns). No exchange should have to have a hold on any funds for any reason. It is your money and they are not a bank.
Right now in Canada, there are two highly rated exchanges that have the best history with almost no complaints on reddit (or any that seem to be of valid concern). They are Shakepay and Newton, which function much the same but their own unique properties and services. I am bi-partisan on what exchange you choose because they both have solid foundation, very good history and customer reviews and highest volume, but stay away from anything but them at this point is my advice to any newcomers reading this.
Edit: Although Kraken is technically based in the US, they are a very reputable exchange and service Canadian clientele, I'm just referencing exchanges based I'm Canada right now.
Edit 2: If an exchange has deposit or withdrawal fees, they should have a good justification for it, such as VERY low trading fees or margin account, cover mining fees or anything that you can logically see that would absorb this cost.
submitted by west_coast_ghost to BitcoinCA [link] [comments]

Hoo.com Listed TROY(Troy Trade) on August 13

Hoo.com Listed TROY(Troy Trade) on August 13
Dear Hoo users,

Hoo will list TROY/USDT trading pair at 17:00 on August 13, 2020 (UTC+8)
Deposit: Enabled
Withdrawal: 15:00 on August 14(UTC+8)

https://preview.redd.it/v0mnhn4ckjg51.png?width=1200&format=png&auto=webp&s=151b4938c9fafff2c2bea24b8537f1fa4cf79756
Introduction to TROY(Troy Trade)
Troy Trade is a global prime broker specialized in crypto trading and asset management. We provide crypto brokerage services for institutional clients and professional traders with revolutionary products, including spot & margin trading, derivatives, data, custody, lending and staking in one account.

Name: TROY
Circulating Supply: 10,000,000,000 TROY
Website: https://troytrade.com/
Whitepaper: https://troytrade.com/troy/Troy_Overview.pdf
Telegram: https://t.me/TroyTrade_Official
Twitter: https://twitter.com/troytrade

Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.

Hoo Team
August 12, 2020
submitted by Hooexchange to u/Hooexchange [link] [comments]

DeFi: como escapar del peso (y de la AFIP). Capítulo 2

DeFi: como escapar del peso (y de la AFIP). Capítulo 2
Capítulo anterior: Introducción
Capítulo 2: Lending
Aplica mismo disclaimer que el capítulo anterior
Existen varias plataformas que permiten tomar créditos en USD digital (USDC, DAI, etc) dejando como respaldo otras cryptos en un porcentaje mayor al que se se toma prestado (over collateralization), asumiendo una tasa de interés. Por ejemplo yo podría bloquear (dejar en garantía) 1 ETH (~240usd) y con eso llevarme 150DAI. Cuando quiera, devuelvo los 150DAI + el interés, y con eso me desbloquean mis ETH. Todo esto puede hacerse de manera automática, sin intermediarios y mediante smart contracts.
La contraparte de este sistema son quienes aportan eso DAI para prestar. Al igual que como en teoría funciona el sistema bancario, otras personas depositan sus DAI, los cuáles son prestados, y cambio reciben un interés mensual, diario o hasta incluso cada segundo (ver en vivo como se reciben intereses por segundo es una linda experiencia). La seguridad de los depositantes está dada en que el sistema esta "sobrecolateralizado", es decir que hay mas activos bloqueados como garantía que los prestados. A diferencia de los bancos que trabajan con reserva fraccional.
Las tasas de interés para tomar créditos o prestar van variando según diferentes circunstancias del mercado. El sitio LoanScan es un buen comienzo para saber que pagan en diferentes plataformas por prestar tus crypto, que pueden ser las tradicionales (BTC, ETH) o stablecoins (USDC, DAI). Es importante diferenciar entre las plataformas centralizadas, es decir aquella a las cuáles se les transfiere los activos y estos quedan en su custodia, de las descentralizadas, en las cuáles no hay un actor o empresa a quien se le deposite, sino que todo se maneja mediante smart contracts y no existe el riesgo de que la empresa funda o la hackeen y desaparezcan los fondos. Otra (gran) diferencia es que en las centralizadas vas a tener que crear una cuenta, pasar por un proceso de KYC, presentar documentación, etc., mientras que en las otras todo esto no es necesario, ya que se maneja directamente desde la wallet propia.

https://preview.redd.it/1gooaloxca351.png?width=850&format=png&auto=webp&s=ab947cbfd38df27323297946eec86ae59d1650a5
En esta captura de LoanScan se pueden ver las tasas de interés que pagan los préstamos en USDC y DAI. Actualmente en las plataformas centralizadas se está pagando mejor, pero esto puede variar con el tiempo. Vamos a tomar algunas como ejemplo:
BlockFi
Blockfi es una empresa de USA que se dedica a prestar cryptos y permite a otros usuarios financiar esos préstamos obteniendo a cambio una tasa de interés. Actualmente pagan 6% por BTC, 4.5% para ETH y 8.6% para las stablecoins (USDC incluído). Con sólo crear una cuenta en este sitio y depositar algunos USDC, estos van a empezar a generar intereses sin necesidad de hacer nada más. Los pagos se realizan el primer día del mes por lo acumulado en el mes anterior. Ej: si deposito 100USDC, a fin de mes me van a depositar 0.71USDC de interés. Ese monto se suma al que uno tiene adquiriendo interés, y el mes siguiente el interés será sobre 100.71USDC (interés compuesto). Uno puede elegir si recibir el interés en la misma moneda que lo genera (en BTC si tengo BTC y ETH si tengo ETH) o todo en una, al tipo de cambio correspondiente (por ej. puedo tener BTC, USDC y ETH depositados y cobrar todo el interés en USDC).
Nexo
Nexo es un sitio muy similar, basado en Suiza, donde también se pueden depositar varios tipos de cryptos. En este caso aparte de USDC se puede depositar DAI. La tasa para estos stablecoins es de 8%, y los intereses se pagan todos los días, a la medianoche de Europa.
El funcionamiento de ambos es básicamente el mismo, y los riesgos también: al tener depositados los fondos en esas empresas, estos siempre pueden ser bloqueados, trabados, robados, fundidos, etc. como en cualquier banco o broker tradicional. Las ventajas: una curva de aprendizaje mucho menor, no hay muchos tecnicismos ni cuestiones complejas que entender. Simplemente le prestas tu plata a una empresa, y esta te paga un interés. La creación de una cuenta es muy simple, no tienen restricciones de países y es un proceso 100% online de sólo unos minutos.
Exchanges
Existen algunos exchanges (Poloniex, Bitfinex entre otros) que también brindan la posibilidad de prestar crypto y pagan un interés. En este caso los fondos los usan quienes operan con leverage (margin trade), donde también tienen que colateralizarsu posición y eso disminuye el riesgo de no pago. Las tasas van variando según la cantidad de oferentes y demandantes y lo que esté dispuesto a recibir y pagar cada uno.
Comparten estas empresas información fiscal por los tratados de intercambio de información automática? No lo sé, y si alguien lo sabe sería bueno que lo comente. Lo único que me puede dar una pista es el país en el que esta registrada cada una. Lo que no se puede evitar en estos casos es tener que registrarse con los datos personales reales presentando documentación, al igual que un broker o banco tradicional, aunque mucho más fácil y rápidamente.
Servicios Descentralizados
Son aquellos en los que no hay una empresa que custodia y administra lo prestado, sino que funcionan directamente mediante protocolos (o smart contracts) que gestionan todo.
Oasis Save
Maker DAO (DAO es una organización autónoma descentralizada) opera la moneda DAI y tres servicios en su plataforma OASIS: Trade, Borrow, Save. Con Oasis Save uno puede bloquear sus DAI, los cuáles son a su vez prestados a otros en Borrow, y obtener un interés a cambio. La tasa de interés esta definida por los participantes de esta organización autónoma mediante una votación, y se usa para incentivar o desincentivar la demanda de DAI, y con eso mantener el peg 1:1 con el USD. En términos generales, si el DAI cotiza por debajo de 1USD, se sube la tasa de interés, y si este opera encima del dólar, se baja.
Para participar únicamente es necesario ingresar a Oasis, loguearse con la wallet propia y decidir cuántos DAI bloquear en Save. Automáticamente se empezarán a recibir intereses por cada segundo que transcurra con tu dinero prestado. Los DAI nunca son transferidos a nadie, simplemente son bloqueados en un smart contract, por lo que mientras estén ahi no los vas a poder transferir ni usar para otra cosa. Para salir, lo único que hay que hacer es retirar los fondos, lo cuál va a hacer que se deje de recibir el interés.
Hoy la tasa de interés de DAI Save es de 0%, lo que hace que obviamente no tenga sentido participar, pero esto cambia permanentemente. Al estar DAI cotizando por encima del USD (aprox. 1.02) se fue bajando la tasa de interés hasta llegar a 0%. Hoy esta cotizando nuevamente a $1, por lo que es probable que se vuelva a subir en el corto plazo.
Aave, Fulcrum, Compound, dYdX
Asi como Oasis es la plataforma nativa de DAI, existen muchas otras que funcionan básicamente de la misma manera, operando como un intermediario (aunque es sólo código) entre prestamistas y tomadores de deuda.
Aave, Fulcrum y Compound son tres de las principales, aunque hay muchas otras. En las tres se encuentran opciones para prestar diversas cryptos, manejando cada una su tasa de interés que puede ser fija o variable. dYdx es un exchange descentralizado, donde los prestamos son para traders utilizando leverage, al igual que lo descripto arriba con Bitfinex o Poloniex, aunque sin un tercero que administra todo.
Al momento de escribir esto, si uno tiene DAI y quiere prestarlos, le convendría depositarlos en dYdX que ofrece una tasa del 3.24% y si tiene USDC la mejor opción sería Aave, que rinde 3.68%. Pero esto puede cambiar en cualquier momento, siendo la mejor ventaja de operar con crypto que moverse de una plataforma a otra puede hacerse en cuestión de minutos y por un costo muy bajo. Incluso hay robots que se pueden usar para administrar los fondos y que te los vaya moviendo adonde mas convenga en cada momento (lo trataremos en otro capítulo)
Pool Together
Otro proyecto interesante es Pool Together, al que ellos definen como una lotería en la que no se puede perder. Participar de este juego requiere depositar DAI en un pool al que también aportan otras personas, luego ese pool se invierte y se obtiene un interés y al final de la semana se sortea ese interés adquirido entre todos los participantes con chances proporcionales a lo aportado. Es decir que si tengo 100DAI, en vez de invertirlo por mi cuenta puedo participar de este pool y tener la posibilidad de ganar un interés mucho más grande generado por un pozo mayor. A todos los que no ganan se les devuelve lo aportado, de ahi que nunca se pierde el capital inicial.
Conclusión
Lo más interesante de lo explicado en esta última parte es que todo esto se gestiona sin una persona o empresa intermediaria en la cuál haya que confiar, sino simplemente con código que se ejecuta según las reglas predefinidas en el protocolo. La clave de estos servicios descentralizados es que son non-custodial, es decir que nadie (más que uno mismo) custodia los fondos, y por lo tanto uno en ningún momento se pierde el control de ellos ni tiene que transferirlos, simplemente los bloquea en un smart contract bajo su control.
Según lo explicado en el capítulo anterior y este, uno podría pasar sus pesos de papel a DAI en una operación con otra persona para luego invertirlos en alguno de estos protocolos descentralizados. Pasaría a estar recibiendo un interés en una moneda atada al dólar que puede reinvertir, guardar o transferir adonde quiera, sin permisos ni papeles, formularios o burocracia alguna. Toda esta operación es privada, sin nadie que pueda intervenir, opinar si es correcto o no, definir si podes hacerlo según si anteriormente participaste de otro mercado o patalear porque fuga de capitales o idioteces semejantes.
En la vereda de enfrente están los servicios centralizados, regulados por el estado como entidades financieras, y donde uno debe siempre enviar sus datos personales para poder operar. Lo más prudente en estos casos a mi criterio es asumir que toda esa información es compartida con el fisco, ya sea de manera automática o bajo pedido. Esto aplica tanto para un exchange (en Argentina Ripio, Buenbit, etc.) como a las plataformas de lending descriptas arriba.
El Lending permite prestar tu dinero de manera segura y obtener un interés a cambio. Para poner un equivalente que todos conocen, sería algo asi como tener un bono pero en vez de estar emitidos por estados o empresas, son otras personas las que toman la deuda. Y vos también podés hacerlo si necesitas liquidez y no querés vender tus activos.
Próximo capítulo: Synthetix y como obtener exposición a cualquier activo del mundo real.
submitted by jreddredd to merval [link] [comments]

Broker with API in Europe

Broker with API in Europe
I have been working on a trading bot recently and I would like to start testing it with a paper account and potentially real money at some point.
I have been looking for brokers with APIs but I could not find any that match my criteria yet.
I found Alpaca but this is U.S Based and they only offer margin accounts that are subject to the PDT rule.
Interactive brokers do not offer free trades outside US
I also came across trading 212 which has an unofficial python API that's using selenium. not ideal...
as a last resort I will apply my bot on binance on cryptos but ideally I would like to see it in the stock market.
Any recommendations?
submitted by dionisisd to Daytrading [link] [comments]

Broker with API in Europe

I have been working on a trading bot recently and I would like to start testing it with a paper account and potentially real money at some point.
I have been looking for brokers with APIs but I could not find any that match my criteria yet.
I found Alpaca but this is U.S Based and they only offer margin accounts that are subject to the PDT rule.
Interactive brokers do not offer free trades outside US
I also came across trading 212 which has an unofficial python API that's using selenium. not ideal...
as a last resort I will apply my bot on binance on cryptos but ideally I would like to see it in the stock market.
Any recommendations?
submitted by dionisisd to algorithmictrading [link] [comments]

Is it possible to connect MT4 to your custom python/c application?

I developed a custom trading platform in Python and C, with full trading features (ex: displaying chart, displaying currently open and previous closed orders, displaying balances and margin level, placing/cancelling/modifying orders, etc).
I use this application to trade crypto (binance) and forex (oanda).
I want to use my platform in place of MT4 for other brokers by streaming live tick data from MT4 and placing/cancelling order through MT4. Is it possible to do this?
I won't go into the specifics of the reason but in simple words, the reason I want to use my own application rather than MT4 is that mine is highly customized to my own needs and MT4 has certain limitations that don't allow the full potential of my trading strategies.
submitted by YourMoneyBelongsToMe to algotrading [link] [comments]

Koinpro: The mastermind of CFD

KoinPro is definitely a burgeoning hi-fi exchange. It is definitely on the up. Usually Koinpro makes client security and priority . To make it one of the safest places to trade, customer funds are kept in cold storage wallets provided by BitGo—the world leader in secure digital asset storage. BitGo custody includes a $100 million insurance plan.
More on BitGo Provided at no extra cost,KoinPro users are provided this layer of insurance, and security. This insurance coverage protects digital assets held by BitGo, Inc. or BitGo Trust Company. BitGo underwritten by Lloyd’s of London—one of the UK’s largest insurance markets, has delivered institution-grade security for digital assets since its inception, and features state-of-the-art cold storage technology, which includes a bank-grade Class III vault and stringent controls designed to practically eliminate the risk of loss. Full details about the BitGo custody and insurance protection can be found here.Institutional digital assets trading through BitGo Prime with the ability to trade from secure, insured cold storage. Developed to meet the growing needs of digital asset clients and investors, our fully integrated prime trading solution allows clients to trade their crypto assets directly and anonymously from the safety and security of insured cold storage at BitGo Trust. BitGo Prime is your sole counterparty Prices derived from a wide range of Tier 1 institutions such as exchanges and professional market makers Trading on a fully non-disclosed basis Fully integrated with BitGo Portfolio & Tax Sourcing from a deep pool of liquidity across a number of leading exchanges and market makers, BitGo Prime acts on a riskless principal basis, providing liquidity to clients directly on a non-disclosed basis. One of the strong points of Koinpro is its CFD features. Quite innovative. A contract for differences (CFD) is an agreement between an investor and a CFD broker to exchange the difference in the value of a financial product between the time the contract opens and closes.
It originated in the 90s in London, England. It has some inherent risks. They are Market, Liquidation and Counterparty risks
Market risk
This is the most important of the risks as CFD trading is designed to pay the difference between the opening price and the closing price of the underlying asset. CFDs are traded on margin, and the leveraging effect of this increases the risk significantly.It is this very risk that drives the use of CFDs, either to speculate on movements in financial markets or to hedge existing positions. The use of the Stop Loss orders helps reduce this risk. Users typically deposit an amount of money with the CFD provider to cover the margin and can lose much more than this deposit if the market moves against them.
Liquidation risk
This occurs when prices move against an open CFD position, additional variation margin is required to maintain the margin level. The CFD providers may call upon the party to deposit additional sums to cover this, in what is known as a margin call. In fast moving markets, margin calls may be at short notice. If funds are not provided in time, the CFD provider may close/liquidate the positions at a loss for which the other party is liable.
Counterparty risk
In this type of CFD risk is counterparty risk, a factor in most over-the-counter (OTC) traded derivatives. Counterparty risk is associated with the financial stability or solvency of the counterparty to a contract. In the context of CFD contracts, if the counterparty to a contract fails to meet their financial obligations, the CFD may have little or no value regardless of the underlying instrument. This means that a CFD trader could potentially incur severe losses, even if the underlying instrument moves in the desired direction. OTC CFD providers are required to segregate client funds protecting client balances in event of company default, but cases such as that of MF Global remind us that guarantees can be broken. Exchange-traded contracts traded through a clearing house are generally believed to have less counterparty risk. Ultimately, the degree of counterparty risk is defined by the credit risk of the counterparty, including the clearing house if applicable
https://koinpro.com/
https://bitcointalk.org/index.php?topic=5219842
submitted by redoc77 to Crypto_General [link] [comments]

Koinpro: CFD risk sharing

A contract for differences (CFD) is an agreement between an investor and a CFD broker to exchange the difference in the value of a financial product between the time the contract opens and closes.
It originated in the 90s in London, England. It has some inherent risks. They are Market, Liquidation and Counterparty risks
Market risk
This is the most important of the risks as CFD trading is designed to pay the difference between the opening price and the closing price of the underlying asset. CFDs are traded on margin, and the leveraging effect of this increases the risk significantly.It is this very risk that drives the use of CFDs, either to speculate on movements in financial markets or to hedge existing positions. The use of the Stop Loss orders helps reduce this risk. Users typically deposit an amount of money with the CFD provider to cover the margin and can lose much more than this deposit if the market moves against them.
Liquidation risk
This occurs when prices move against an open CFD position, additional variation margin is required to maintain the margin level. The CFD providers may call upon the party to deposit additional sums to cover this, in what is known as a margin call. In fast moving markets, margin calls may be at short notice. If funds are not provided in time, the CFD provider may close/liquidate the positions at a loss for which the other party is liable.
Counterparty risk
In this type of CFD risk is counterparty risk, a factor in most over-the-counter (OTC) traded derivatives. Counterparty risk is associated with the financial stability or solvency of the counterparty to a contract. In the context of CFD contracts, if the counterparty to a contract fails to meet their financial obligations, the CFD may have little or no value regardless of the underlying instrument. This means that a CFD trader could potentially incur severe losses, even if the underlying instrument moves in the desired direction. OTC CFD providers are required to segregate client funds protecting client balances in event of company default, but cases such as that of MF Global remind us that guarantees can be broken. Exchange-traded contracts traded through a clearing house are generally believed to have less counterparty risk. Ultimately, the degree of counterparty risk is defined by the credit risk of the counterparty, including the clearing house if applicable
There are a lot of exchanges, both crypto and fiat(mainstream and otherwise) trading tools like CFD, oil, futures etc; but not one of them Integrates CFDs like Koinpro. Its a no-brainer choice, since going for KoinPro’s unique double-UP contract, customers can simply enter into a predefined order position that will automatically terminate when the position either gains or loses 100% of its value, or when the contract expires — whichever comes first.
https://koinpro.com/
https://bitcointalk.org/index.php?topic=5219842
submitted by redoc77 to Crypto_General [link] [comments]

[Austria] The one broker choice thread to finish them all

Servus to all personal finance gurus - I just wanted to ask for your advice and open a bit of a discussion regarding best brokers available in Austria for different uses. I am breaking this post down into three main parts - best brokers for ETFs, casual long-term investment into stocks and day trading. In the future, I personally anticipate all three uses for myself, with a money distribution of something like 65/30/5 percent.
For each of the uses, I am listing the main priorities I have identified and the broker of choice - however, this list is by no means final, and I would very much like to listen to your thoughts and considerations on the matter!
1. ETF broker (looking to invest consistently in S&P + EM, as well as time-to-time into thematic ETFs such as AI, Machine learning etc.) - Flatex
What I prioritise:
Other existing options: conventional banks like Erste (too expensive), Trade Republic (has a Sparplan, still not open in Austria, not steuereinfach), DADAT/Hello Bank (too few ETFs to choose from)

2. Long-term stock portfolio broker (to invest consistently in a portfolio of 10-15 companies for a long term, with sums under 1000EUR pro transaction) - Degiro or Trading 212? Both non-steuereinfach, both low-cost (T212 is no-commission) - which would you recommend and why? (or maybe even Flatex?)
What I prioritise:
Other existing options: Flatex (steuereinfach, but expensive (up to 5,90 per trade)), Revolut (using it currently, but the spreads seem bad, there are no limit orders etc., there are reports of users getting locked out for weeks, as well as reports of app malfunctioning when trading volumes go up), Interactive Brokers (Inactivity fees).

3. Day-trading or option broker (looking to have some fun with trading on short term-basis, ready to lose the entire deposit for the sake of learning) - Trading 212
What I prioritise:
Other existing options: Flatex (steuereinfach and has a day trader flat fee account), Interactive brokers (seems very 1990s from their website), Degiro (almost the same as T212, seems to have a more limited CFD/options array, short position and leverage fees are higher)
  1. Bonus level - Crypto trading (never tried yet, may be up for some signal-based day trading + a small speculative investments portfolio) - Binance. Priorities: a secure platform + low fees.

I would be incredibly grateful for any analysis / critique of the above - and let’s together make the definitive list that all our Austrian co-redditors could use!
submitted by a-rain-in-rotterdam to Finanzen [link] [comments]

HomiEx will list TROY

HomiEx will list TROY
Dear users:
HomiEx will open TROY/USDT and TROY/BTC trading pair detailed as follows.

https://preview.redd.it/0vfth7d0oi151.jpg?width=1125&format=pjpg&auto=webp&s=07787991c79762598325fc9aea39c384f9bdaf03
Trading time: 21:00, May 29 (UTC+8)
Deposit time: 21:00, May 28 (UTC+8)
Withdrawal time: 21:00, May 30 (UTC+8)
About TROY
TROY Trade is a global prime broker specializing in crypto trading and assets management. We provide crypto brokerage services to institutional clients and professional traders with revolutionary products such as spot & margin trading, derivatives, data, custody, lending and staking, all in one account.
TROY Official Website: https://www.troytrade.com/ TROY Whitepaper: https://www.troytrade.com/troy/Troy_Overview.pdf
Thanks for your support!
HomiEx Team
2020/05/28
submitted by Homiex_SG to u/Homiex_SG [link] [comments]

Is it possible to connect MT4 to your custom python/c application?

I developed a custom trading platform in Python and C, with full trading features (ex: displaying chart, displaying currently open and previous closed orders, displaying balances and margin level, placing/cancelling/modifying orders, etc).
I use this application to trade crypto (binance) and forex (oanda).
I want to use my platform in place of MT4 for other brokers by streaming live tick data from MT4 and placing/cancelling order through MT4. Is it possible to do this?
I won't go into the specifics of the reason but in simple words, the reason I want to use my own application rather than MT4 is that mine is highly customized to my own needs and MT4 has certain limitations that don't allow the full potential of my trading strategies.
submitted by YourMoneyBelongsToMe to Forex [link] [comments]

Derivative Market Landscape: Daily Trading Volume Over $20 billion and Leveraged ETF Becoming New Growth Point

Exchanges are always in the front line of innovative products. There have emerged such new products and playing methods as IEO, delivery contract, margin trading, futures, leveraged ETF, staking service, etc. since 2019, which injects vitality to the crypto-market and becomes the powerhouse for the innovative development of the blockchain industry.
Compared to the marketing/operation methods with short period effect, derivatives in cryptocurrency market is the most potent weapons that will last a long period. The derivatives are going to a higher level as its trading volume increases day by day. Therefore, the derivatives are becoming another main battlefield that every exchange want to conquer.
PAData analyzed the trading data of the top 5 exchanges with largest market shares on contracts and the 2 exchanges that first rolled out leveraged ETF, to have a look at the performance of derivatives among different exchanges, as well as the product iteration logics in crypto-market.
01
Crypto-market Mimics the Traditional Financial Market
First, the top-layer design of supervision policy makes the crypto-market similar to traditional financial market. Regulators often formulate relevant supervision policies for crypto market based on the rules for traditional financial assets and financial risks as the crypto-market is a newly born behind the traditional finance market, “For example, the licenses for the digital-asset industry often evolve from the traditional ones and become the specific supervision licenses for the industry.” said by an entrepreneur in crypto world with traditional finance background.
Second, the roles of participants in crypto market is also similar to traditional financial market. Except for the different exchanges that take up the lion share of the market, the professional broker, custody institution, loan/lending platform, dark pool, etc. have all emerged.
Third, what crypto market learns most from the traditional market is the product design. The new project subscription, futures, leveraged ETF, contract in the newly-born crypto market are all coming from traditional market. Take leveraged ETF on MXC Exchange as an example. Learned from the ETF mechanism in traditional market, MXC leveraged ETF tracks the daily movement of the crypto underlying asset with 3 times leverage. For instance, if the underlying asset rises 1%, the corresponding ETF products will rise/fall 3%. Essentially, investing on leveraged ETF is similar to purchasing futures fund with leverage. At the moment, MXC launched 3x leveraged ETF products for BTC, ETH, BSV, BNB and other top market cap coins.
Last but not the least, the derivatives, like IEO, ILO, perpetual contract are also coming from traditional market. Are these derivatives suitable for the crypto market? What are their trading volumes?
02
Differential Competitive Edge Among Exchanges
Presently, the main derivative in crypto market is contract, including delivery contract, perpetual contract and some futures contract. Besides, ETF (1x leverage) and leveraged ETF are catching up, taking up some market shares. PAData, based on the ranking list of CoinGekco, picked the top 10 exchanges with largest trading volumes on derivatives to analyze their advantages.
According to stats, 8 among 10 exchanges have business on perpetual contract. FTX, a derivative exchange, has the largest number of perpetual contracts of 30, followed by Gate.io and Binance with 23 and 18 respectively. 7 exchanges roll out delivery contract where OKEx has a total of 135, more than two times of the second place – FTX’s 60 delivery contracts. In addition, Kraken and Huobi DM also launch some delivery contracts.
As an emerging product, only 2 exchanges involve business on leveraged ETF, but the total number of leveraged ETF products has exceeded that of the perpetual contracts. FTX launched 111 ETF pairs, while MXC listed 30 as of December last year. MXC Exchange is famous for “Efficient and Fast”. It can be predicted that more leveraged ETF products will be listed in the near future.
From the allocation of derivatives among exchanges, we can see the differential competitive edge for derivatives has shaped. OKEx is robust on delivery contract, Huobi lays focus on delivery contract, Binance aims for perpetual contract, and MXC seeks development on leveraged ETF.
03
Daily Trading Volume for Contract Over $20 billion
According to the sectional static data of CoinGekco on February 12, OKEx, Huobi, BitMEX, Binance and Deribit are the top 5 exchanges with largest amount of open positions in 24 hours. The total opening positions on OKEx ranked first with amount reaching $1.846 billion. Huobi and BitMEX closely followed with amount over $1 billion respectively. These three exchanges take lions share in the contract market. While the 24h opening position amount on Binance and Deribit is about $400 million respectively, far lower than the top 3 exchanges.
The total amount of opening position for contract is one of the criteria to judge the activeness and liquidity of the contract market, the other is the daily trading volume. According to stats, the 24h nominal trading volume among 25 exchanges breaks the mark of $27.533 billion, among which the trading volume on OKEx, Huobi, BitMEX, Binance and Deribit accounts for 73%, taking most of the contract market.
Though the stats for the 24h opening position amount and the trading volume includes the margin trading, we still can learn that the contract trading volume on some exchanges is very close to that of the spot trading. It fully indicates how popular the contract trading is.
04
Maximum leveraged ETF yields up to 2000%
Although futures trading is very popular, but they are not very friendly to investors. Investors need to master some practical skills, and once the position is closed-out, the losses will be quite tragic. For example, on the evening of February 13, when BTC dropped from about $ 10,200 to about $ 10,100, according to the statistics of the contract emperor, there were a total of 13,400 accounts went close out in just 24 hours, and the total amount of positions in 1 hour reached 82.31 million. Futures have become a weapon for the capitals and make most of us look like a fool.
The high operating threshold and high risk of cryptocurrency investment have always been an important factor hindering cryptocurrencies to enter the mainstream market. In order to find new increments, the exchange has been exploring low-operation threshold, low-risk, high-yield products, this is the inherent logic and motivation for the development of cryptocurrency derivatives. For example, the leveraged ETF launched by MXC is in line with this trend. Investors can buy leveraged ETFs on MXC just as they would for spots, without paying a deposit, and without having to take the risk of liquidation. They can also receive compound interest returns. MXC also incorporates 100% of fee income into its monthly plan to repurchase and burn MX tokens, forming positive investment feedback for the exchange's internal product system.
At present, there are only two exchanges that launch leveraged ETF products on the market: FTX and MXC. According to CoinGekco's statistics, the 24-hour estimated total transaction value (USD) of the two exchanges is close to 4 million US dollars. The single-day estimated total transaction amount of each leveraged ETF product is approximately $ 3.7843 million, and the single-day estimated total transaction amount of 111 leveraged ETF products listed on FTX is approximately $ 3.9346 million.
The average daily trading volume of the top 10 trading pairs on MXC ETF product is approximately $ 320,500, with the highest daily trading volume being 3 times long BSV leverage ETF, reaching $ 529,300. The average daily trading volume of the top 10 trading pairs on FTX ETF product is approximately $ 173,900, with the highest daily trading volume being 3 times long BTC leveraged ETF, which reached $ 326,500. Excluding the impact of the number of products, the estimated daily trading volume of a single leveraged ETF product on MXC is definitely higher.
It can be found that the trading volume of a leveraged ETF with a 3x long position is much higher than that of a leveraged ETF with a 3x short position. The 10 trading pairs with the most trading volume on MXC are all 3x long trading pairs. 9 out of 10 the trading pairs on FTX are also all 3 times long trading pairs, which shows that the current market sentiment is mainly bullish.
In addition, the top ten trading pairs on MXC with the largest trading volume are mainly production reduction tokens and platform tokens, which are more consistent with the current mainstream capital flows. This reflects the best applicable scenario of leveraged ETF, that is, in unilateral or trend markets, the performance and advantages of leveraged ETF will be very obvious, and investors often can receive returns higher than the leverage multiple.
According to statistics, the highest average return [1] of the ten leveraged ETF trading pairs with the highest trading volume on MXC is 611.14%, the lowest average return is -25.8%, and the current average return is 428.96%. Among them, the 3 times long BSV has the highest return to 1998.60% on USV3L / USDT trading pair .
However, FTX's leveraged ETF returns are much lower. The highest average return of the top ten trading pairs is 141.94%, the lowest average return is -90.07%, and the current average return is -2.98%. Among them, the highest return is 3 time short BSV trading pair BSVBEAR / USD yields about 591.38%.

The leveraged ETF products of the two exchanges have huge differences in returns. In addition to currency differences, the factors that affect the returns also include the exchange's risk control system and team configuration. According to the publicly disclosed data of MXC, the leveraged ETF of MXC is managed by the platform or a fund manager recognized by the platform, and the platform announces the fund's net value in real time in order to maintain a high degree of transparency and control risks.
05
The traceability of leveraged ETF’s target has a lot of room to grow
According to statistics, the average daily trading volume of all leveraged ETF trading pairs on the two exchanges is about 21% of the spot [2] single-day trading volume, MXC is around 22.44%, and FTX [3] is around 19.96% . Although the leveraged ETF has not been available for a very long time, its market share are already become significant.
At present, the asset tracked by the leveraged ETF is still a single token. However, in the traditional financial field, the underlying assets tracked by ETF already include stock indexes, style indexes, industry indexes, commodity indexes, currencies, commodities and more. In the future, the innovation of leveraged ETF in the cryptocurrency market can be used in many assets. For instance, only at the underlying level of assets, indexes and currency combinations will all be included.
Competition between exchanges is very fierce. In this case, each exchange must not only compete for products, services, and marketing, but also for updating speed, especially for product innovation and iteration speed. For example, MXC is faster than FTX to launch some much more popular investment targets like reduced production tokens and platform tokens. In addition, in terms of the current competitive situation, first come, first served may become the norm in the market, such as the advantages of OKEx in the futures field and the advantages of MXC in the leveraged ETF field.
Data Explanation:
[1] Here the highest income refers to the instantaneous return from the daily opening price to the highest price, the lowest income refers to the instantaneous return from the daily opening price to the lowest instant price, and the current income refers to the opening price from the daily level to the closing price on February 12. Instantaneous return. Revenue statistics are for reference only and do not constitute investment advice.
[2] Although FTX is a derivative exchange, according to CoinGekco's statistics, ETFs, leveraged ETFs, and other trading pairs (non-futures contracts) are recorded as spot, so the "spot" statistical caliber here is the transactions of non-futures in CoinGekco Correct.
[3] The statistics of FTX leveraged ETFs here excludes 1x leveraged trading pairs.
submitted by SimonZhu666 to MXCexchange [link] [comments]

Trading212 scam!!!

Perfect recipe for millions overnight? Let your customers pay in deposits, give them that video game called #Trading212 (#T212) they enjoy playing, let them work like drones on that surge throughout the night, freeze the access to the app/web site, then wipe clean their accounts and finally refuse to pay at all, possibly settle for 10% of what you owe them. Simples. This is how your opportunity is being turned into someone's capital - #Avus_Capital in this case.
Through different circumstances, this is not the first time Avus Capital takes my money. I think they are more of a gambling site that is oriented to take your money away through many different algorithms. Yes, #Trading_212 only gives you an impression of the reality in what they're neatly displaying, but they are just setting a trap on you.
Resourceful, young, inteligent future entrepreneurs from around the globe are being denied their full earnings after they sussed a perfect opportunity to better their fortunes. We have established 'People vs T212' (#People_vs_T212) whatsapp group and we are seeking justice following the aftermath of the Sunday's 12.11.2017 Bitcoin cash (#BCH) instrument suspension by #Trading212. If you are one of those people, who lost their account funds due to inability to close your positions or your account funds were simply seized by #Trading212 under false pretenses , we, the #People_vs_T212', recommend you get in touch with us and share your story on our forum.
Firstly, the #Trading212's_co-founder, if you owed a lot, is going to try to talk you into a 10% settlement. Yep, this is how the rich get richer and get away with robbing YOU OF YOUR MONEY!!! They are professional hustlers and their job is to sit on your money till you bow and agree to their terms. They know people will do that out of desperation or because they don't know any better. Otherwise, yep, they will dare you to take a legal action as they know it is difficult for a single trader, especially a student, who lives on the other side of the globe (Canada, Australia), to take on them. Don't worry, our dear CEO; we will prepare a watertight case and we will expose all those dirty techniques of robbing money from your clients accounts.
Some folks got their money - full amounts, some got roughly a half, some got peanuts, but most did not get a penny. Yet, the Trding 212's CEO ((#Trading212_CEO)is deflecting the issue instead of intervening in this case of clear customer abuse. The #T212 are being inconsistent, incompetent, greedy, deliberately obtuse and confused while talking to their customers. The forementioned terms pop to my mind when I think of #Trading212 and their Crisis Management.
When you lose money, then it's fine; when we win money, then we have a problemas not only we aren't paid out, but also we are being accused of illegal activities and all our money is being confiscated under these false pretenses. Seeing it happen, the #Soviet_era comes to mind a total human rights abuse #Stalin style, when all your possessions could be confiscated for any reason.
Some more have settled, but there are still plenty that are just being FOBBED OFF.
WHAT IS GOING ON, OUR DEAR #Trading212_CEO and #Trading212_co-founder??
IS THIS CASE TOO MUCH TO HANDLE FOR YOU??
One last thing; these blank telephone calls I receive, after I revealed my identity to you, our dear #Trading212_CEO and #Trading212_co-founder, are not going to threaten us.
EVEN PEOPLE WHO HAD CLOSED THEIR POSITIONS BEFORE THE SPIKE ON #BCH ON SUNDAY MORNING, HAD THEIR MONEY SEIZED BY TRADING 212, WHO REFUSED TO GIVE IT BACK!!!
THEY ARE A SCAM. STAY AWAY!!!
submitted by Macias77 to StockMarket [link] [comments]

[Austria] The one broker choice thread to finish them all

Servus to all personal finance gurus - I just wanted to ask for your advice and open a bit of a discussion regarding best brokers available in Austria for different uses. I am breaking this post down into three main parts - best brokers for ETFs, casual long-term investment into stocks and day trading. In the future, I personally anticipate all three uses for myself, with a money distribution of something like 65/30/5 percent.
For each of the uses, I am listing the main priorities I have identified and the broker of choice - however, this list is by no means final, and I would very much like to listen to your thoughts and considerations on the matter!
1. ETF broker (looking to invest consistently in S&P + EM, as well as time-to-time into thematic ETFs such as AI, Machine learning etc.) - Flatex
What I prioritise:
Other existing options: conventional banks like Erste (too expensive), Trade Republic (has a Sparplan, still not open in Austria, not steuereinfach), DADAT/Hello Bank (too few ETFs to choose from)

2. Long-term stock portfolio broker (to invest consistently in a portfolio of 10-15 companies for a long term, with sums under 1000EUR pro transaction) - Degiro or Trading 212? Both non-steuereinfach, both low-cost (T212 is no-commission) - which would you recommend and why? (or maybe even Flatex?)
What I prioritise:
Other existing options: Flatex (steuereinfach, but expensive (up to 5,90 per trade)), Revolut (using it currently, but the spreads seem bad, there are no limit orders etc., there are reports of users getting locked out for weeks, as well as reports of app malfunctioning when trading volumes go up), Interactive Brokers (Inactivity fees).

3. Day-trading or option broker (looking to have some fun with trading on short term-basis, ready to lose the entire deposit for the sake of learning) - Trading 212
What I prioritise:
Other existing options: Flatex (steuereinfach and has a day trader flat fee account), Interactive brokers (seems very 1990s from their website), Degiro (almost the same as T212, seems to have a more limited CFD/options array, short position and leverage fees are higher)
  1. Bonus level - Crypto trading (never tried yet, may be up for some signal-based day trading + a small speculative investments portfolio) - Binance. Priorities: a secure platform + low fees.

I would be incredibly grateful for any analysis / critique of the above - and let’s together make the definitive list that all our Austrian co-redditors could use!
submitted by a-rain-in-rotterdam to eupersonalfinance [link] [comments]

KuCoin Margin Trading Tutorial - App Version Margin Trading Bitcoin on Phemex Crypto Platform BitMEX Margin Trading Tutorial 5. The Difference Between Margin and Futures - Kraken Futures Margin Trading  Trading Terms - YouTube

All brokers, whether trading crypto coins or forex, charge commissions and offer margin accounts to traders. A reliable forex broker for crypto coins should inform you precisely the type of fees IQ Option is one of the most popular trading platforms over the world. The broker is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission) with the number 247/14. Traders can profit from over 27 crypto assets on the platform. The positive components of the crypto-resources display and also an expanding excitement from investors leads to the production of an enormous number of trades and trading phases ( Margin Trading ). Constantly, many companies are going into little trades, making brand-new digital forms of cash and drawing in speculators that need to take part Given it's a social platform, there are tools to allow interaction with other traders. The expansion suite of social tools makes eToro one of the best crypto leverage brokers. Create a free account with eToro. Conclusion. Using a crypto trading exchange with margin is a fantastic way to earn money trading online. Bitcoin margin trading, in simple words, allows opening a trading position with leverage, by borrowing funds from the exchange. For example, if we opened a Bitcoin margin position with a 2X leverage and Bitcoin had increased by 10%, then our position would have yielded 20% because of the 2X leverage.

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KuCoin Margin Trading Tutorial - App Version

Everyone is switching to Phemex.trade for trading crypto Join the fastest and most secure margin trading exchange at https://phemex.com/web/user/register?... Cryptocurrency events, Bitcoin price analysis, op-ed's, crypto technologies, and all the news about Bitcoin. Working for you since 2016. NewChannel For Crypto Users: https://yt.vu/+xtbe This video is at the request of Ricardo Rodriguez who left a comment in my first video, Hope I simplified this well for you! Hugosway ECN Broker: KuCoin Margin Trading Tutorial ... How to make profit while crypto prices dropping? (on Bitfinex) - Duration: ... Interactive Brokers 13,429 views. 9:17. Language: English We explore the BitMEX margin trading platform and discuss perpetual swap contracts, futures contracts and more on the BitMEX testnet. #bitcoin #ethereum #litecoin #cryptocurrency #blockchain # ...

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