provider for Crypto

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Viewing 11 posts - 1 through 11 (of 11 total)
  • 01/08/2021 at 6:49 PM #156978
    ibalis

    Hello, and happy new year.

    I am a retail client in IG which just stopped allowing trading of crypto currencies. Which provider would you recommend, which allows crypto trading, and is well integrated with Pro Real Time?

    Many thanks,

    Yanis

    01/11/2021 at 12:48 PM #157307
    PeterSt

    Hello Yanis – Can you please elaborate what you mean to say by this ?
    Because there’s no response from others, you probably have a problem that I don’t understand, while I really like to understand !

    But otherwise my PRT-IG account allows me to trade crypto’s.

    Probably I don’t understand your term “Provider” in this context ?

    Regards,
    Peter

    1 user thanked author for this post.
    avatar ibalis
    01/12/2021 at 12:18 PM #157515
    ibalis

    Hi Peter, thanks for your reply.

     

    My PRT-IG account no longer allows me to trade Cryptos. I have a UK based IG account. So I am looking for an alternative to the IG provider that supports PRT.

    Many thanks,

    Yanus

     

    01/12/2021 at 12:53 PM #157525
    PeterSt

    OK Yanis (Yanus), then it should be easy : arrange for an account through PRT directly, and you will receive an IG account with it, like I have.

    It would be my advice to contact PRT support by telephone and ask them about plans to eliminate Crypto’s from the IG “interface” like apparently IG did herself. Or arrange for a refund might that happen soon while the answer was “we can’t tell”.

    Watch out : Crypto’s can NOT be traded via PRT-Direct (with IBKR as broker). So it is only the combination of the PRT account with “IG Sponsored”. The start screen of that you can see in the attachment.

    1 user thanked author for this post.
    avatar ibalis
    01/12/2021 at 1:38 PM #157544
    Monobrow

    Peter, Yanus

     

    The FCA (financial conduct authority = UK regulator) banned all crypto derivatives on Jan 6th:

    https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/orders–stops-and-limits/why-can-i-sometimes-not-trade-cryptocurrencies

     

    So I would be very surprised if you can find anyone in the Uk who can do this, and it certainly wouldnt be legal or backed by the FCA, which means you should not trust them.

     

    I also doubt you will get funding anywhere else in europe, maybe if you had a trusted relative in another country is the only option but then money laundering issues.

     

    sounds like best left alone, sadly.

     

    2 users thanked author for this post.
    avatar ibalis, avatar PeterSt
    01/12/2021 at 2:21 PM #157552
    PeterSt

    Aha …

    OK, from the link you gave (thanks !) :

     

    • Who is affected?

    Any retail client with an IG UK account. So the ban also affects clients who don’t live in the UK, but are contracted to our UK office and therefore regulated by the FCA.

    This looks like I can still officially do it. I mean, I don’t think that PRT-Direct is “contracted to the UK office” ?

    sounds like best left alone, sadly.

    Already for losing 20% in a day. But OK, that is a matter of getting used to (brrr).

    1 user thanked author for this post.
    avatar ibalis
    01/12/2021 at 2:36 PM #157556
    GraHal

    There’s always the Crypto 10 Index?

    1 user thanked author for this post.
    avatar ibalis
    01/12/2021 at 2:49 PM #157559
    PeterSt

    So can you still trade it ?
    From the link again :

     

    • Can I still trade the Crypto 10 Index?

    No, the Crypto 10 Index is also covered by the FCA’s ban.

    2 users thanked author for this post.
    avatar ibalis, avatar GraHal
    01/12/2021 at 5:37 PM #157589
    ibalis

    Thank you all, looks like indeed a retail client wouldn’t be able to trade cryptos anymore.

    12/21/2022 at 11:16 AM #206120
    saharabay

    Time goes on, but problems remain. Huge thanks for your help. The cause turned out to be the same. Shit happens. I started trading crypto just 3 months ago, so I still need more time to understand how it works. Btw, making money on crypto is probably the best decision I’ve ever made. Actually, those signals XXXXXXXXXXXXX helped me a lot when I only started trading. So, I hope there won’t be any providers who will stop me from making money. Thanks and BW to you all!

    12/21/2022 at 12:06 PM #206129
    robertogozzi

    @saharabay

    It is forbidden to post links for advertising purposes.

    Thank you 🙂

     

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