Choose from hundreds of stocks and ETFs
Now you can use your bitcoins as margin to trade well known stocks and ETFs. There’s no need to convert your bitcoins to fiat currency to trade. Just deposit bitcoins in your First Global Credit account and you’ll be able to buy or sell up to 5 times the value of your bitcoin account balance in stocks and ETFs. If you are holding a long position in a stock on the day it delivers a dividend, that dividend is added to your account in bitcoins. Our commission structure is lower than most online brokers and our finance rates on par with what is offered to professionals. Profits are converted to bitcoins and added to your account balance making this the best way to maximize the growth potential of your bitcoins.
Fees and Income
Interest on bitcoin deposits
We automatically pay interest on bitcoin accounts over 10BTC. The interest is paid on the entire account whether or not the bitcoins are being used to finance a stock market, futures or currency trade.
0.1% on the value of the trade ($1/$1,000 worth of stock)
Since you retain your bitcoins (and the growth benefit) we arrange a loan to cover the margin needed to place the trade. To suit both short and longer term trading styles the following charges applies.
The overnight rate from day 1 –90 of a position – 0.023%
The overnight rate from day 91 onwards = Fed Funds plus 2% (annual rate)
Stock and index dividends
If you hold a long position on the day a stock or stock index yields a dividend that is paid to your account minus the 30% US withholding fee. If you hold a short position on the day of a dividend yield, that is charged to your account.
There is no fee to deposit or withdraw bitcoins from your account.
START TRADING TODAY!
Don’t let your bitcoins grow mouldy hidden under your digital mattress! You can now unlock the value in your bitcoins by using them as margin for stock market trading. Best of all, you get the benefit of your stock trading while holding onto your bitcoins. Register now.