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If someone starts flaming you PM me with a screenshot of the incident and I will ban them if its legit. Do not flame them back, it makes our work as admins harder figuring out who started it. So if you flame them back, you may get banned too.
@  Purse : (21 July 2018 - 08:07 AM) r you sure its just beer and rum you drink here and then lol?
@  traderpusa : (21 July 2018 - 05:06 AM) I think I saw Elon Musk the other day, selling second hand rescue cave mini subs lol
@  traderpusa : (21 July 2018 - 05:03 AM) lucky i took delivery of beer and cigarettes earlier today.
@  traderpusa : (21 July 2018 - 05:01 AM) lol. in submarines these days
@  Purse : (21 July 2018 - 04:53 AM) Lol they do deliver pizza in tanks over there?
@  traderpusa : (21 July 2018 - 04:50 AM) gonna order pizza. Too much rain to go outside tonight.
@  traderpusa : (21 July 2018 - 04:50 AM) nah, it's average lol
@  Purse : (21 July 2018 - 04:42 AM) 3 times in a row, thats new record tho?
@  traderpusa : (21 July 2018 - 03:41 AM) dyslexia is a weird thing. One box is called shout, the other one search. No idea why I post this cause you can't read the difference lol
@  darman67 : (21 July 2018 - 03:39 AM) binary comodo
@  darman67 : (21 July 2018 - 03:39 AM) binary comodo
@  darman67 : (21 July 2018 - 03:14 AM) comodo
@  Purse : (21 July 2018 - 02:38 AM) Thats how its supposed to be, isnt it? You paid the shoes, you got the right
@  traderpusa : (20 July 2018 - 09:43 PM) yes, i have some tree growing empty beer bottles uncontrollably.
@  traderpusa : (20 July 2018 - 09:43 PM) Purse picking his fruits : https://gyazo.com/4e...599aca8ca65922e
@  Purse : (20 July 2018 - 09:40 PM) smth different*
@  Purse : (20 July 2018 - 09:40 PM) Does your concrete also grow something than just bbq grills and a private bar? :D
@  Purse : (20 July 2018 - 09:40 PM) lol ye, now i need a hovercraft to reach all my good fruits
@  traderpusa : (20 July 2018 - 09:36 PM) my concrete looks pretty clean :P
@  Purse : (20 July 2018 - 09:13 PM) Oh yea, over here we also got some heavy rainy days. My garden looks like a mud hole lol

Photo
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If you can make a binary options platform for my website.. I will start a new "brokerage"


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#1 Ewa

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Posted 07 July 2018 - 07:42 PM

I am willing to set up a binary options website where you guys (and girls) can all play binary options for 100% fun and 100% without the nonsense from the broker.

 

Certain notes that will be kept:

  • 80% payout on all time frames, all players (winners, losers, break-eveners)
  • Limit withdrawal amount for every player to a certain decided amount per week (for example: $1,000/week or $500/week)
  • Honor all withdrawal requests in a timely manner (not longer than a week soley depending on the amount of workforce that will be employed)

 

Requests, suggestions, anything is welcome.

 

I support this 100% because I honestly got started out with binary options because I was a video spokesperson for someone selling binary options indicator, ea, or something like that. I had no idea what I was reading, until I finally decided to quit doing video testimonials, and other short films and to find another way of making money.

 

Now I currently am only involved in Forex, because there is 85% less stress about the brokers (assuming you have a legit broker). Binary.com made a profit of around $20 million in 2017, yet these binary options brokers insist on playing dirty games and banning winners from playing.

 

The withdrawal limit for every player will be put into place the same way online casinos do. This is to prevent big someone requesting $250,000 to be withdrawn all at once when all we have is $100,000 in the bank.

 

$500 a week for a year would be over $26,000 a year. $1,000 would be over $50,000 a year. This number, can of course change if we are able to accommodate higher withdrawal amounts, then we would raise the limit until we are unable to do any more.

 

 

 

Again, the only thing holding me back is someone creating the platform similar to Ayrex, Binary.com, IQ Option, HighLow, etc..


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#2 yarik19

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Posted 08 July 2018 - 03:01 AM

How you will earn , if everyone has a winrate more than 60%?

#3 BOedge

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Posted 08 July 2018 - 11:36 AM

I am willing to set up a binary options website where you guys (and girls) can all play binary options for 100% fun and 100% without the nonsense from the broker.

 

Certain notes that will be kept:

  • 80% payout on all time frames, all players (winners, losers, break-eveners)
  • Limit withdrawal amount for every player to a certain decided amount per week (for example: $1,000/week or $500/week)
  • Honor all withdrawal requests in a timely manner (not longer than a week soley depending on the amount of workforce that will be employed)

 

Requests, suggestions, anything is welcome.

 

I support this 100% because I honestly got started out with binary options because I was a video spokesperson for someone selling binary options indicator, ea, or something like that. I had no idea what I was reading, until I finally decided to quit doing video testimonials, and other short films and to find another way of making money.

 

Now I currently am only involved in Forex, because there is 85% less stress about the brokers (assuming you have a legit broker). Binary.com made a profit of around $20 million in 2017, yet these binary options brokers insist on playing dirty games and banning winners from playing.

 

The withdrawal limit for every player will be put into place the same way online casinos do. This is to prevent big someone requesting $250,000 to be withdrawn all at once when all we have is $100,000 in the bank.

 

$500 a week for a year would be over $26,000 a year. $1,000 would be over $50,000 a year. This number, can of course change if we are able to accommodate higher withdrawal amounts, then we would raise the limit until we are unable to do any more.

 

 

 

Again, the only thing holding me back is someone creating the platform similar to Ayrex, Binary.com, IQ Option, HighLow, etc..

 

There may be a few more things holding you back than someone creating a trading platform for you...

 

How are you going to finance this and how are you going to deal with financial regulations? How are you going to fill staffing needs and attend to all the details necessary for a broker website? And how are you going to deal with everyone's personal wish list so that you won't get branded as yet another scam broker?

In Europe BO is not possible at the moment. You also have to exclude Canada and the US. So where would this BO service be located? Bascially you'd be looking at an offshore location, so extra cost.

Then the the question of financial regulations. Whenever financial transactions are involved you will have to meet certain regulations.  Then there are anti money laundering regulations. And, and, and. How much will your lawyers cost to stay on top of all that?

Then there is the cost of creating and then running the website, which is not insignificant. The integration with the trading platform has to work flawlessly. There may be a plug and play options - several broker platforms look very similar, but you'd also have to pay for that. Then you also have to build a website around that. This may be your specialty, and if it is, you may bite off a bit more than you can chew. This is very specialized and demanding. As you know, when you are dealing with people's money, there is very little patience for your personal learning curve... So more cost. Databases. Financial feed for the platform. Support. Payment processing. An app maybe. Traffic. Transactions. Binary.com expects to cover 197 million transactions this year (roughly 2000 transactions per trader). More cost. And people who maintain it all. More cost.

Which brings me to the cost of staffing. Website creation and maintenance, IT, customer support, accounting, admin, HR, etc. More cost. Binary.com has 150 employees and expects that number to go up.

Next is the "float". You need a certain pool of money to start from which traders can be paid, since there may not be enough traders in the beginning to cover their wins. Who will finance this? Never mind that this will have to be set up as a limited company and that means you need to secure considerable capital that is put into the company as a security. Who finances that? Look at spectre.ai how they did it. They said they will blockchain it and thus raised several million through token sales, half of which management kept, the other half is set aside as an initial trader pool through several levels. Which means that they anticipate the possibility that the first segment of the trader pool may be completely drained at some point in time. And potentially other segments of the pool as well. Spectre.ai is a good case study of all the things that are involved and needed to set up a broker website with trading platform and the financing behind it.

This goes well beyond creating "a website". You will have to create a business. Besides spectre you could also talk to some people from Ayrex or Binary.com and ask them how long it took until they broke even, how many people they needed to get started, how many they employ now, what the initial start-up cost was, etc... Binary.com has 1million members out of which 100thousand are active traders (according to their site). The $20 Million profit that you mentioned isn't very much for 100thousand customers you need to look after at the millisecond. Just imagine the effort that takes. If you cannot meet all the demands of such a service then you will face a similar future gdmfx is currently facing - financial issues, complaints, loss of traffic which is due to loss of traders. Maybe they will bounce back... maybe they won't.

Spectre has been at it for some time now and it's been slow going. Traffic to their site peaked during their ICO, then rapidly dropped and is creeping up slowly. So the next question is would you have enough funds to cover cost over time. This is why endeavors like this usually have investors. No one is going to invest unless you invest yourself.

 

I am including a screenshot of the trader stats Ayrex sent out at the end of last year. Profit is the trader profit, so what they paid out. HighLow claims to pay out $165million every month (in the itunes page for their app). That is potentially doubtful but not impossible. They get more traffic than binary.com and over 95% of their traffic comes from Japan. Binary.com expects to pay out about $145 million to their 100thousand traders this year. If we apply the industry standard of about 30% of traders being profitable that is an average of $4800 per profitable trader. They expect to generate over USD 1 billion in turnover this year. So less than 15% of the trading volume is paid out in trader profit. So again, massive effort for $20 million in company profit.

 

If you want to do it right, it's not quite as easy as it may look :)

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#4 MXBO

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Posted 09 July 2018 - 03:51 AM

And then OP disappears and runs off with all the money  :lol:



#5 David

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Posted 09 July 2018 - 07:11 AM

The withdrawal limit for every player will be put into place the same way online casinos do. This is to prevent big someone requesting $250,000 to be withdrawn all at once when all we have is $100,000 in the bank.

 

So what happens when some combination of users request the full $100,000 that is in the bank?  Nothing is left, you can't pay for servers, staff, etc.  It's not going to work properly long term IMO unless it's like Nadex.  As MXBO said, that is just setup for someone to run off with the money.

 

Plus, a no nonsense broker = I want to be able to withdraw everything, whenever I want no questions asked except for my wire information.  If I can't, then it's a nonsense broker.

 

Also I am not sure which casino's you are talking about unless they are garbage online ones, but if I went into a casino and won 1 million I have never heard of one paying in installments.


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#6 antonolivier

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Posted 10 July 2018 - 04:04 PM

LOL. EWA - you are clearly showing that you know nothing about the bo business.

 

dream on dude



#7 traderpusa

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Posted 11 July 2018 - 12:34 AM

LOL. EWA - you are clearly showing that you know nothing about the bo business.

 

dream on dude

 

Hahaha, he probably knows very well his target audience.  Create a simple platform for bin gamblers, give them a 100% win rate, and put the money straight into his off shore account.

By the time everyone starts complaining about no payout, the bin gamblers have lost a few hundred k combined, and he lives happy ever after.



#8 Ewa

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Posted 19 July 2018 - 03:19 PM

Any online casino that is regulated will limit withdrawals for each user to a certain amount for every individual week.






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