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FreeTraders

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freetraders

FreeTraders, operated by the members of the International Order of Freedom (IOOF) — a non-profit, religious organization made up of its members located internationally. It is organized as a corporation sole, so there are no shareholders and no owners.

FreeTraders offers its members services that other trade exchanges simply cannot match:

access to international database of goods and services searchable by product, service or by geographical location via the internet
access to service both for individuals and businesses
possibility to place offers to buy or sell goods and transact with reciprocal goods, gold, trade credits or currencies
ability to use a digital gold currency tied to the gold standard with guaranteed perpetual existence
tax-free status from IOOF for all trade transactions for US members
possibility to offer goods for sale or trade worldwide at freetraders.org, or on own web site
possibility to trade anonymously under any trade name of select.

To purchase goods and services trade credits are used, called Goods On Demand or G.O.D., which can be redeemed on par with "one trade credit equals one tenth (.1000) gram of gold or .003215 ounces" (~$1).

«Due to the perpetual organization of IOOF, as a church entity, organized as a corporation sole, they are a perpetual currency, enduring to the end of the ages. G.O.D. can be placed in a will or trust, as they are an enduring currency and always of value to IOOF members. Thus the slogan found on American paper money "In G.O.D. We Trust" indeed applies.»

Members can trade goods, services, trade credits, gold or currencies. currency of payment is determined between members — most world currencies can be accepted but subscription is payable in XAU, USD, CAD, GBP, AUD, EUR, SEK, JPY, CHF, RUR, XCD, ALD. Members may also order trade credit vouchers for use between members anywhere in the world.

There is no information about corporation and persons (addresses, phone numbers, etc.) behind FreeTraders. Information about regional support centers in format:

·Denver, Colorado, USA: director – Aaron, email: aaron@freetraders.org;
·Stoney Creek, Ontario, Canada: director – atlast, email: atlast@freetraders.org; ·Visakhapatnam, Andhra Pradesh, India: director – guttaanil, email: guttaanil@freetraders.org

we consider to be insufficient.

Accounts: There is a one time account setup fee of $50, or equivalent in accepted currencies. Annual membership fee equals 3.33 GAU, or equivalent in accepted currencies using the world spot gold price for the currency (e.g. ~$33).

The proceeds of membership are allocated to pay the cost of operating the online service and any overhead of the church.

Members retain their right to membership by paying the annual membership fee, and abiding by the Member Agreement. All members must agree to adopt and promote the ideals of IOOF.

On joining FreeTraders new member receives credits worth 0.333 XAU as a bonus into her Trade Credits Account (TCA).
Interface: Account management (balance check, sending/receiving funds, changing profile, etc.) is available only through secure web interface. All sections of web site work correctly (no dead or wrong links).

Payments for trading transactions are enacted via the internet on the Freetraders website or from Remote Access Member Sites (RAMS) using secured transmissions.

Interface language is English.
Availability: The service is available worldwide.
Trade Credits: There exists as many trade credits as there are trade credits in member's Trade Credit Accounts. There is no central bank or depository. Trade credits come into existence only through transactions of members and only reside in member accounts.

Trade Credits are exchanged for goods or currencies. Any member may exchange trade credits for any currency she chooses. There is no restriction on exchange rates for converting trade credits.

Trade credits may be used to buy products or services (goods) in combination with other goods and/or trade credits or currencies. Transaction software manages the transfer of trade credits between members' accounts.
Storage fee: No.
Transaction fee: No.
Escrow: No.
Funding account: Deposits to the trade credits account are made by trading goods or by funding with accepted currencies using currency conversion rates for the world spot gold price. Money may be transferred via wire transfer, credit card, or electronic payment services across the Internet, including e-gold, GoldMoney, NetPay, Pecunix, E-bullion.
Merchant tools and trading transactions: Any member with her own website may list any products or services for trade or trade credits. Visitors who elect to become members can initiate a transaction using trade credits by clicking on a FreeTraders logo on the member site. They will be routed to the FreeTraders site where trade credits are deposited into the RAMS trade credits account.

Bids can be made in any combination of goods, currencies, gold or trade credits. Transactions occur only when an offer is made and accepted, agreed to by both parties, and payment is authorized. Unlike traditional auctions, once a member posts her goods, she can accept a bid at any time by accepting the offer. The offering member then initiates the transaction.
Affiliate program: Member who refer new members receives a deposit into her trade credit account 0.333 XAU, i.e. 103.678 G.O.D.
Support: Quality of technical support is unknown, because there was no need for it so far.