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FAQs - Automated Trading

Why do you require a minimum starting trading balance of $5,000 USD?

To put yourself in the running for a major financial shift in your life you need to start with a minimum of $5,000 USD (or equivalent amount of crypto currency). Additionally, if you were to trade with any less it would not produce sufficient profit share to cover the overhead costs to service your account.

When will the Unlisted app begin placing the trades for me?

At present we provide the high-performance trade signals, you place the trade using your own exchange account. We provide easy to follow how-to videos to get setup and trade, along with great support along the way. 

Schedule for trade automation:

Phase 1: Manual trading (now)

Phase 2: Automated trading approximately December 2020 exclusively on the Kraken Exchange
(Customers who signed up before August 2020 on a membership subscription may continue to trade themselves until their subscription period expires)

Status Update, 11th November 2020: Unlisted is still finalising details of its regulatory options in the USA. Our ability to provide shorting signals and/or automation of short trades for US residents is in question due to very new CFTC regulations. No further details available until legal counsel finalize their opinion by early December 2020. How essential is shorting to portfolio performance? It's certainly advantageous but during a bull market we rarely short. 2020-2022 is anticipated to be a bull market. 

Is Automated Trading Compulsory?

Eventually, yes.

If you signed up on the original membership subscription plan (prior to August 2020) you have the option of continuing to do your trades yourself until your subscription expires. All other customers who signup from August 2020 without a renewing subscription plan are required to move onto automated trading as soon as it is available. 

Automating the trades protects the integrity of the Unlisted signals as more and more customers follow the method and grow their balances and increase the volume of trading at these critical points. Unlisted can use scaled orders and other means to avoid moving the market and breaking the trades. 

Will I have control of my funds?

Yes. 

You will retain control of your funds on your own exchange account on Kraken. We want nothing to do with the custody of your funds and the resulting regulation, compliance, and liability associated with that. Using the Kraken API feature you will authorise the Unlisted app to push trades to your Kraken spot or futures account. You should contact the Unlisted support team if you want to make deposits or withdrawals so we can plan and co-ordinate your trading balance with the next upcoming trade.

Unlisted Fees, How They Are Collected

The Unlisted share of trade profits (or fees) will be set aside after each successful trade as USD in your Kraken account so if needed, you can move that to your bank account to cover the cost of the Unlisted invoice. Unlisted will then send you an invoice by email which can be paid by credit card or Bitcoin within 14 days. 

Unlisted Fees, How They Are Calculated

Completed Profitable Trades: 10% of trade profit
Completed Losing Trades: 0% of trade loss

Why 0% of losing trades? For purely practical reasons. This avoids the complication of small refunds of BTC to each customer after a losing trade, or recording and managing BTC credits on customer accounts and dealing with fluctuations of BTC over time. 

What is the effective net profit share of portfolio performance over time considering that Unlisted does not share in the losing trades? About 11.5% assuming 1/4 of trades average 6% loss (See historical performance in datapack). 

Compare the competition...Aside from your setup fee there are no other costs from Unlisted. Compare that to the industry norms of 20-30% of profits plus 2% management fee.  

Will Unlisted Offer Scaled Discounts As Balances Grow

We don't mess around when it comes to doing the right thing by you. Instead of charging the industry norm of 20+%, we are giving you our very best price of 10% without you needing to earn it. It's yours immediately because you're part of the family and we want to see you succeed and maximize your growth potential. We expect in return that you will allow your funds to grow rather than take the funds out and continually stunt your ability to realize the potential of this method. This should be considered a LONG TERM wealth growth strategy, not a way to create pocket money for consumerism. Customers who are regularly reducing their trading balances and or taking large amounts out in early stages may lose their membership. We are serious about changing lives, we're not here to feed anyone's appetite for consumerism. Use this opportunity wisely. 

Sales Tax

Unlisted Project Pty Ltd is an Australian entity and services all non-US residents. It is required by Australian law to charge 10% GST to Australian residents. So for Australian residents only profitable trades will have 10% share of profits fee + 10% GST = total 11% deducted when including the GST. 

Unlisted Project LLC, a Utah entity services US residents. Utah sales tax may also apply to Utah residents.

Income Tax Calculation 

Unlisted service fees are tax deductible. We recommend using tokentax.co to generate the reporting you need for filing your tax return.  Unlisted plans to partner more closely with TokenTax in the coming year.

FAQs - Other

I'm new to trading. How do I do the trading myself until trade automation is offered?

We will automate trading soon, but in the meantime, once you become a member we have carefully made Bootcamp videos which concisely walk you through anything you need to know about trading for the first time. We are also accessible in the chat groups.

Do you give signals on alt coins like Litecoin, Ripple, Neo, etc?

Australian and US regulations categorize Bitcoin and Ethereum in a way that allows us to provide our services around those currencies. All other alt coins are viewed differently by the governing bodies and we are excluded from providing trading signals on those coins. This is ideal because Bitcoin and Ethereum both have the longest trading history offering the most stable and suitable conditions for the most robust trading methods.

Your trading performance, how is it done?

Our datapack shows every single historical trade, the date of entry, exit, days open, and profit. You can go back and examine it for accuracy. Our trading method is hard coded into the chart of our app. The next trade is automatically triggered in real time for customers to see and be a witness to the success of the system themselves. 

What's the worst case scenario?

Aside from a legitimate losing streak of 4 trades late 2019 and an unfortunate slight trip of a stop in May 2020 which was resolved by adding a slightly larger tolerance to the stop rule, Unlisted back testing and actual trading has never had more than one losing trade in a row dating back to 2014.

Even so it's good practice to expect the worst as soon as you start, anything can happen. The 2019 losing streak created our largest draw down of 25% over 4 trades over three months. Our largest single losing trade was in April 2020 and was a single loss of 14%. Expect to lose between 14-25% up front and you'll have a positive experience.

How and where do I buy or sell your Unlisted Project coin?

We don't have a coin. We give customers trade signals (alerts) on when to best buy and sell Bitcoin (and sometimes  Ethereum).

I just joined and the app says the trade signal is closed. How long do I have to wait for an entry?

It may take several weeks for your next trade opportunity, so use that time to educate yourself with our UP TV videos, and follow the chat groups and weekly calls. Our success is based on being very tight and careful with how much we risk. We only enter a trade at strategic locations where a small move against us triggers a clear message to exit the trade. When you enter late you expose yourself to wild swings with no clear exit signals. By being patient and waiting for the next signal you put yourself in the position to succeed.

Quite often the trade invite remains open for some time because the risk to reward ratio is still satisfactory for entering the trade, in that case you can join an existing trade. When we are on automated trading we will add you to the trade automatically.

Which devices is the Unlisted app available on?

iPhone and Android. Not available on iPad.

How do I create an account so I can sign into the app?

Go to the signup page.

How do I cancel my subscription?

Customers who sign up after 24th July 2020 do not have a subscription that renews, just a one time setup cost and then we charge 10% share of trade profits. 

For customers who signed up prior to 24th July 2020 simply go to settings in the top left corner of the Unlisted app and select manage subscription. You can cancel anytime and we will not renew the membership at the end of your pre-paid 6 month period. Given the tremendous educational value and intellectual property we supply in trading signals and labor intensive guidance we do not offer refunds of pre-paid memberships. 

Is there risk holding funds on an exchange?

There is a remote risk and exchanges can get hacked from time to time but it's just a factor you need to consider when trading crypto. To do business with Unlisted you need to keep your funds on the exchange. We use Kraken which is one of the longest standing exchanges on the planet and has never been hacked. They focus on security before anything else. 

Having said that, in recent times people of high net worth have been taking funds out of the traditional banks and putting them onto crypto exchanges. Crypto exchanges don't have the "house of cards" exposure that banks have today to the derivatives markets and crypto exchanges are booming in growth cycles with lots of cash. 

Generally speaking, if trading crypto by yourself (and not with Unlisted) you can also store your Bitcoin on hard wallets such as Trezor or Ledger. This moves Bitcoin offline to a USB-like storage device. Don't lose the device though, its like losing a bar of gold. If it's lost, it's lost. 

What if I live in Washington or New York USA?

State laws make it challenging for exchanges to offer services to residents of the states of Washington & New York USA, so Kraken does not offer services in those states. 

This means if you live in Washington or New York you WILL NOT be able to trade on Kraken which is the only exchange that offers shorting for US residents. Shorting is where you make money when the price goes down. 

You can setup an account with another exchange such as Coinbase and participate in our long trades only, but NOT our short trades. Our best performing trades are long trades and there are twice as many of them compared to short trades, so you'll still experience the core of our offering. 

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