Why better to avoid First Swedish Research AB (FSR Global)?
As a former employee, I'm going to expose real nature of their offer.
This is how it looks from their presentation:
1. You will receive personal Trader, who will propose when to enter the market, and execute it by himself. You as a investor only need to sign a document called "fax order".
2. There is no Spread at FSR Global.
3. 20% profit sharing. 20% for First Swedish Research AB, rest- 80% for a Customer.
4. Maximum risk is just 15% at each transaction- Stop loss.
5. Segregated account.
6. Great annual report results.
7. Triple AAA Rating and Super Company award.
8. The best currency trading company in Sweden.
This is how it looks for real:
Ad1. Personal Trader is someone who is hired for holding client still with FSR Global. Prevent Him run away before His account shrink enough, or be cleaned as best. His duty is not to generate pluses (profit), but opposite, Trader will make You loose money as fast as possible. He/She even If want differently,- can't do that. Why? FSR investment system is designed this way (read points ad2&ad3&ad4).
Ad2. Spread. FSR Global claim that they don't have such a fee like Spread. It's hard to call it different than a lie- because they do have Spread. It's 10 pips at EUR/USD pair. The highest Spread about I ever heard (at this pair within legal entities)
Ad3. 20% profit sharing is the most important trick of psychological meaning. Because If someone will catch the hook,- will believe till the end that FSR Global will make Him earn money after all. However, First Swedish Research doesn't care about it. This is not main source of earning for them. They earn by above mentioned Spread, and Your loss,- which partially or as a whole is going to FSR Global.
Ad4. Stop loss. This is the most discouraging attribute of their offer. First Swedish Research AB is mentioning about it, like it would be an advantage, "only 15% risk per trade- Stop loss",- while 15% is an insane amount! Read forums, ask professionals. There is no chance to make money long term with so high stop loss, plus 10 pips Spread! Nobody can do that. Nobody. 3% is already extreme. And look, You will loose three times, and almost half of Your money are gone. What will You do then? Ask Your Trader was it only an accident?
Ad5. Segregated account. Invested money are going to account of FSR Global only. It's segregated only on paper which they are preparing by themselves. You can check it, by pulling them till the moment when They will send to You an "invoice"*, You will see on it, where Your money are going to. * "invoice" is also prepared/made by FSR Global. It's not an invoice at all. Make them send it to You, and see by Yourself.
Ad6. Annual report. To be honest it's hard to believe, that so many Clients enters every year. When I have been working there, many salespeople didn't manage to gather even one client a month. Not few. Many. So how they do so big turnover, I prefer even not to speculate. FSR Global office is located at huge shopping mall with many exits, in the center of Gothenburg. Back then office looked like prepared for abandonment. Inside was old furniture from second hand or so, just few old desktops for over 20 salespeople, and of course a lot of, again old a'la second hand land line phones. You would rather say, it's a bad prospering, or even dying call centre, which used to sell used condoms by phone, not broker agency. Literally.
Ad7. Awards. How come that company like this won any award? Who decide about it? What kind of requirements they have? For me, If company is functioning like FSR Global, deserves more for being close, not for being awarded... Maybe someone should start to investigate what is going on there. I advise police and public prosecutor.
Ad8. The best currency trading company in Sweden. First Swedish Research AB is exactly at another side of scale. The way how their trading system is designed makes that they should be banned from calling themselves a broker. Isn't it illegal to not mention about very important factors, which can have huge impact at final result,- like Spread? And what about ethic? Isn't it something which should characterize and be main foundation of anything what Humans are developing? The worst We call the best- where are We going to? Whoever is reading it, and have anything to say in Sweden,- need to do something to start investigation of this whole case
I have been there. Experienced everything what I have wrote here. Every investor which I brought to this company lost money according to above described scheme. I've been talking with many Customers-Investors of FSR Global,- and every single of them lost its money. But, it's not surprise If system is designed this way. Isn't it?
I have to say, I didn't know what I was doing. I wasn't involved at Forex at that time. But I stop to bringing new clients, just after first month, when first signals came to me that something stinks there. I feel sorry for everyone who lost by me. Together 72.000 dollars melted after two months.
Don't You want to join to FSR Global? Come on, why not? It's just 15% maximum risk. No spread, and You will have personal Trader. So what? 100.000 dollars segregated account?
Exactly. It's a joke. First Swedish Research AB (FSR Global) it's really bad joke.
Know something, lost with FSR Global, need more information? Mail me: [email protected]
As a former employee, I'm going to expose real nature of their offer.
This is how it looks from their presentation:
1. You will receive personal Trader, who will propose when to enter the market, and execute it by himself. You as a investor only need to sign a document called "fax order".
2. There is no Spread at FSR Global.
3. 20% profit sharing. 20% for First Swedish Research AB, rest- 80% for a Customer.
4. Maximum risk is just 15% at each transaction- Stop loss.
5. Segregated account.
6. Great annual report results.
7. Triple AAA Rating and Super Company award.
8. The best currency trading company in Sweden.
This is how it looks for real:
Ad1. Personal Trader is someone who is hired for holding client still with FSR Global. Prevent Him run away before His account shrink enough, or be cleaned as best. His duty is not to generate pluses (profit), but opposite, Trader will make You loose money as fast as possible. He/She even If want differently,- can't do that. Why? FSR investment system is designed this way (read points ad2&ad3&ad4).
Ad2. Spread. FSR Global claim that they don't have such a fee like Spread. It's hard to call it different than a lie- because they do have Spread. It's 10 pips at EUR/USD pair. The highest Spread about I ever heard (at this pair within legal entities)
Ad3. 20% profit sharing is the most important trick of psychological meaning. Because If someone will catch the hook,- will believe till the end that FSR Global will make Him earn money after all. However, First Swedish Research doesn't care about it. This is not main source of earning for them. They earn by above mentioned Spread, and Your loss,- which partially or as a whole is going to FSR Global.
Ad4. Stop loss. This is the most discouraging attribute of their offer. First Swedish Research AB is mentioning about it, like it would be an advantage, "only 15% risk per trade- Stop loss",- while 15% is an insane amount! Read forums, ask professionals. There is no chance to make money long term with so high stop loss, plus 10 pips Spread! Nobody can do that. Nobody. 3% is already extreme. And look, You will loose three times, and almost half of Your money are gone. What will You do then? Ask Your Trader was it only an accident?
Ad5. Segregated account. Invested money are going to account of FSR Global only. It's segregated only on paper which they are preparing by themselves. You can check it, by pulling them till the moment when They will send to You an "invoice"*, You will see on it, where Your money are going to. * "invoice" is also prepared/made by FSR Global. It's not an invoice at all. Make them send it to You, and see by Yourself.
Ad6. Annual report. To be honest it's hard to believe, that so many Clients enters every year. When I have been working there, many salespeople didn't manage to gather even one client a month. Not few. Many. So how they do so big turnover, I prefer even not to speculate. FSR Global office is located at huge shopping mall with many exits, in the center of Gothenburg. Back then office looked like prepared for abandonment. Inside was old furniture from second hand or so, just few old desktops for over 20 salespeople, and of course a lot of, again old a'la second hand land line phones. You would rather say, it's a bad prospering, or even dying call centre, which used to sell used condoms by phone, not broker agency. Literally.
Ad7. Awards. How come that company like this won any award? Who decide about it? What kind of requirements they have? For me, If company is functioning like FSR Global, deserves more for being close, not for being awarded... Maybe someone should start to investigate what is going on there. I advise police and public prosecutor.
Ad8. The best currency trading company in Sweden. First Swedish Research AB is exactly at another side of scale. The way how their trading system is designed makes that they should be banned from calling themselves a broker. Isn't it illegal to not mention about very important factors, which can have huge impact at final result,- like Spread? And what about ethic? Isn't it something which should characterize and be main foundation of anything what Humans are developing? The worst We call the best- where are We going to? Whoever is reading it, and have anything to say in Sweden,- need to do something to start investigation of this whole case
I have been there. Experienced everything what I have wrote here. Every investor which I brought to this company lost money according to above described scheme. I've been talking with many Customers-Investors of FSR Global,- and every single of them lost its money. But, it's not surprise If system is designed this way. Isn't it?
I have to say, I didn't know what I was doing. I wasn't involved at Forex at that time. But I stop to bringing new clients, just after first month, when first signals came to me that something stinks there. I feel sorry for everyone who lost by me. Together 72.000 dollars melted after two months.
Don't You want to join to FSR Global? Come on, why not? It's just 15% maximum risk. No spread, and You will have personal Trader. So what? 100.000 dollars segregated account?
Exactly. It's a joke. First Swedish Research AB (FSR Global) it's really bad joke.
Know something, lost with FSR Global, need more information? Mail me: [email protected]