Blog, Updates & News
Today's update brings a new design for our content-based sites and multiple minor updates.
This only the first of many huge updates coming in the near future.
- Completely redesigned homepage
- Replaced 'Dosis' with 'Open Sans' as our headline font
- Captchas were added on multiple page actions to improve security
- Simplified navigation bar
- Added a "Features" page
- Added a "Risk Warning" page
- Announcing our new financing costs on our "Fees" page
- "News" renamed to "Blog" (Blog will get weekly entries in the future)
- FAQ improvements
- Huge OOM related code improvements under the hood
- Multiple security fixes relating to non-critical XSS problems
Next update comes next week :)
With today's update, we added a profit/loss calculator
to our platform. We are sure that this tool is quite helpful for most traders, especially those, who are new to CFD trading.
More good news: The fee for Bitcoin withdrawals was reduced to 0.001 BTC.
Our BTC/USD market will be closed on Monday, November 18th 2013, 4:00 pm (GMT+1).
There are multiple reasons behind this decision:
- This market was hardly profitable for us. The extreme high volatility makes it also extremely risky for market makers to offer a derivative. The only way to fight this is with low limits and high spreads, which both lead to unsatisfied traders.
- The data connection to most Bitcoin/U.S. Dollar exchanges is unstable or comes with huge lags. Many exchanges don't have a real-time data stream or (re)move such APIs without warnings.
- We had to put extraordinary much time and resources into managing this market.
- Although we have ideas to overcome the above problems, a new implementation is complex and needs a lot of work.
Is 1Broker bankrupt?
No, we currently have roughly two times the amount of all users' assets as reserves.
Will open positions get force-closed?
Yes, on Monday 4:00 pm (GMT+1) we will close all open BTCUSD positions with a market order. If you want to avoid this please close your position until then.
Wait .. you have collected the spread and now my position needs to be closed?!
Before the weekend, the spread will be lowered to 0.01 points to make this a non-issue.
What is the future of 1Broker?
We will concentrate on the other markets and improve the whole platform even faster. In the near future we will add a lot of new markets.
Will the BTC/USD CFD come back?
We don't know yet, but if yes, it will be in a completely different form.
Why is 1Broker so incompetent? Offering derivatives is easy!
Great, we would gladly outsource the management and risks of this market. If you have enough know-how and financial reserves just contact us.
Our redesigned interface is now live! We hope, it greatly improves the trading experience for all customers. It was built on top of the (self-proclaimed) superheroic MVW framework AngularJS.
The Master Key system was removed with today's update. There were several reasons for this decision. The most important one is that we think smsTAN is a far more secure system, while it is less confusing and much easier to use. We recommend anyone to enable this feature. It's completely free.
No more privacy concerns with smsTAN:
To make smsTAN, our two-factor authentication system for withdrawals, even more attractive, we now encrypt all phone numbers with the account password. For encryption we use the Rijndael algorithm (AES) with a 128 Bit key. This means that your phone number remains private even if our systems are compromised. If you are already using smsTAN your account will be automatically upgraded to the new system once you perform a withdrawal.
Redundant SMS gateway:
We noticed that sending SMS messages is far from stable and often fails for unknown reasons. Therefore we now use two independent gateway providers to make smsTAN more reliable. If SMS messages are not received properly, you can switch to an alternative gateway in the account settings.
We are happy to announce that the BTC/USD contract is back. Trading will open in the next 24 hours. We fundamentally changed our market making algorithm which should now make price manipulation very difficult. Additionally we algorithmically check for suspicious correlations between trading behaviour and the underlying market.
We also introduced an interest system on the BTC/USD market which should lead to a balance of long and short positions and reduce our risks for this market.
You can find all information about the new BTC/USD contract here
New order types
Our implementation of Limit and Stop-Buy orders is finally done, too. These new order types will greatly improve the possibility to open positions at a desired price.
There is also a new favicon and an improved UI to open positions.
SMS-based two-factor authentication
We are always striving to continually improve the security of our customers and we are happy to announce the implementation of smsTAN, our two-factor SMS authentication system for all customers. We hope this will give you piece of mind whilst improving your user experience and security. Once you have enabled this system it will send you a private code via SMS text when a withdrawal is requested. This keeps you safe in the unlikely event your log-in credentials are compromised. You can enable this feature in your account settings, for no additional costs.
Other things that were updated:
- Multiple visual improvements
- Updated the Terms of Service
- Login is now possible with the email address too
- Added some frequently asked questions
- Dozens of minor bug fixes
We are currently working on lot's of other cool new features, like Stop-Loss/Limit orders and new markets. But this takes a few more weeks...
Thanks for using 1Broker.
With much regret we have to announce that we will temporarily close the BTC/USD (Symbol: BTCUSD) market.
A user successfully demonstrated the possibility to win constantly on our platform by moving the underlying market. This problem was known but thought to be not profitable because of position limits, market fees, and spreads. This issue is, with our current system, not trivial to fix and as a result we are forced to close this market. All opened positions on BTCUSD will be automatically closed on Tuesday March 12th, 6 p.m. UTC. Of course you can also close your positions manually until this time.
Since 85% of all trades were made on BTCUSD this is a backlash for 1Broker, but in the interest of our users and their funds there is no way around this decision. We are currently thinking of new strategies with this CFD, but we cannot guarantee a solution yet. We hope you enjoy trading on our other 14 markets, in the future.
We now have a redundant price server system which will improve the stability of our trading engine a lot.
There is also a new status page
available, where you can see information about our infrastructure and known issues.
We are now on Twitter, too. @1BrokerCom