Future Forex! anyone using them?

Wrath of Khan MD said:
Oh I can't wait to see this... you are going to lose all your money in a matter of days, every last cent.
If making money was so easy using some Ai trading bot then everyone would be doing it, not so?

Anyway, continue (please say R5 for some data to write your story about how you lost R200,000 to some trading bot)

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I've used Future Forex without issues, along with Valr when they offered arbitrage. This isn't some trading bot or get rich scheme. It's simply forex companies taking advantage of the 2 - 3% premium on local crypto markets due to exchange controls.
 
Wrath of Khan MD said:
Oh I can't wait to see this... you are going to lose all your money in a matter of days, every last cent.
If making money was so easy using some Ai trading bot then everyone would be doing it, not so?

Anyway, continue (please say R5 for some data to write your story about how you lost R200,000 to some trading bot)

Michael Jackson Eating Popcorn GIFs - Find & Share on GIPHY
Click to expand...
I expect that they are referring to the exchange control arbitrage, not forecasting. The reason everyone’s not doing it, is because it is a bit of a pain to set up, and the reason that no individual is arbitraging it out completely is because the exchange control limits your trading.
 
cguy said:
I expect that they are referring to the exchange control arbitrage, not forecasting. The reason everyone’s not doing it, is because it is a bit of a pain to set up, and the reason that no individual is arbitraging it out completely is because the exchange control limits your trading.
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Yep; not nice being told you can’t sub to Netflix anymore because your SDA has been used and you need to apply for your FIA :/
 
It all just sounds too good to be true, their page says not a single client has ever lost any money? I find that hard to believe.

Why wouldn't every single person do this instead of putting all their money in run of the mill savings accounts at the bank and earning a tiny 5% etc?

I mean they advertise R1m invested and your payout is 14.58% in 1 month... if I've read that correctly?
 
Wrath of Khan MD said:
It all just sounds too good to be true, their page says not a single client has ever lost any money? I find that hard to believe.

Why wouldn't every single person do this instead of putting all their money in run of the mill savings accounts at the bank and earning a tiny 5% etc?

I mean they advertise R1m invested and your payout is 14.58% in 1 month... if I've read that correctly?
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Its limited by the SARS allowances of R11 million worth of trades a year max. So you cant do it indefinitely
 
cguy said:
I expect that they are referring to the exchange control arbitrage, not forecasting. The reason everyone’s not doing it, is because it is a bit of a pain to set up, and the reason that no individual is arbitraging it out completely is because the exchange control limits your trading.
Click to expand...
are you also doing crypto arbitrage?
 
Wrath of Khan MD said:
It all just sounds too good to be true, their page says not a single client has ever lost any money? I find that hard to believe.

Why wouldn't every single person do this instead of putting all their money in run of the mill savings accounts at the bank and earning a tiny 5% etc?

I mean they advertise R1m invested and your payout is 14.58% in 1 month... if I've read that correctly?
Click to expand...
Kekeke crypto arbitrage has been around for years.

I have personally been doing it for almost five years.

Go check foreign exchange price less local price and you will understand there is a premium. Caused by 11m per year cap. Back in the day in a single day you could easily make 25% even 2019 was 8% in a day. You looking round 1% at present.


Crypto arbitrage is it's own worst kept secret. So many barriers to entry as you need significant cash flow and the ability to get tccs quick.

Everyone could do this back in the day. Not so anymore you need about 250-400k cash to make it even viable. (lower amounts may work but will not necessarily cover the whole allowance)

Already done 2 cycles this year. 2.2% in the bag already... You don't need future Forex to do any of this just a good fx provider most of us work through capitec business or mercantile bank send to the likes of binance, kraken or any other foreign exchange then send back and sell in valr/luno.



I talk abt this freely now as so few ppl can actually do it anymore.

Also I have done hundreds of loops over the years with zero losses. And got between 0.80-8% plus.

The biggest barrier to entry to anything over that 1m mark is getting quick tccs from sars.
 
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Snyper564 said:
Kekeke crypto arbitrage has been around for years.

I have personally been doing it for almost five years.

Go check foreign exchange price less local price and you will understand there is a premium. Caused by 11m per year cap. Back in the day in a single day you could easily make 25% even 2019 was 8% in a day. You looking round 1% at present.


Crypto arbitrage is it's own worst kept secret. So many barriers to entry as you need significant cash flow and the ability to get tccs quick.

Everyone could do this back in the day. Not so anymore you need about 250-400k cash to make it even viable.

Already done 2 cycles this year. 2.2% in the bag already... You don't need future Forex to do any of this just a good fx provider most of us work through capitec business or mercantile bank send to the likes of binance, kraken or any other foreign exchange then send back and sell in valr/luno.



I talk abt this freely now as so few ppl can actually do it anymore.

Also I have done hundreds of loops over the years with zero losses. And got between 0.80-8% plus.

The biggest barrier to entry to anything over that 1m mark is getting quick tccs from sars.
Click to expand...
Not true. I could get through all my allowance with just a R109k initial investment last year.
 
Also let's just be clear arbitrage is just market mismatches whether it's crypto or apples same concept.

Heck even use an iPhone price significantly cheaper in the US...
 
why are they using swift with crypto buy/sell? I've never paid any swift fees on any crypto? I don't understand that.
 
Wrath of Khan MD said:
why are they using swift with crypto buy/sell? I've never paid any swift fees on any crypto? I don't understand that.
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The cheapest crypto is offshore. Thats why you pay swift.

If I want BTC cheaper I buy on foreign exchanges and sell locally at the SA premium.

Thats arbitrage simply put...
 
does that mean if I buy R1m worth of Bitcoin on Binance, then send that Bitcoin to VALR then sell the Bitcoin and get ZAR? is that what you mean?
 
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