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Swiss brokerage Review plese recommend your favorite

  • #1
  • First Post: Jun 15, 2007 2:55am Jun 15, 2007 2:55am
Dear friends, Iam looking to open an account with $10000 at swiss broker. I searched at google at found some swiss brokers name.Their name are listed blow.
(1)http://www.swiss-dealer.com/ (IB of MIGFX)
(2)http://www.migfx.ch/ (minimum balance $2000 allow minilots low spreads)
(3) crawn forex

Please recommend any other swiss broker who is regulated, do not have dealing desk,low spread, reliable, low deposit to open account. Broker should be member of ARIF. Also tell me to open a bank account procedure in swiss bank. Iam asking because i have no idea about it. Iam from india. Please help me friends to start my own business.
  • #2
  • Jun 15, 2007 3:18am Jun 15, 2007 3:18am
how about dukascopy http://www.dukascopy.com/ ?
  • #3
  • Jun 15, 2007 4:54am Jun 15, 2007 4:54am
But dear i am looking for a brokerage who offer his service for $10000 or blow.Duka offer excellent service but deposite $50000 is not offertable for me. i trade on mini accounts. and can deposite only $10000.Please recommend any good broker. What do you think about these brokers -
(1) http://www.swissnetbroker.com/ need $5000 to open account.
(2)http://www.migfx.ch ( i have already placed them before.)
(3)Finex.com (allow open account with $200)

please tell me who is best ?
If u are trading with any other broker suggest his name. This tread will help to all newbies who want to open an account with any swiss broker.
Note-- Broker should be folow swiss regulation.
  • #4
  • Jun 15, 2007 7:48am Jun 15, 2007 7:48am
Some how found two new broker(they say they are investment bank)-
(1) www.saxobank.com open account with $2000(for mini lots) and $10000(standard account)
(2) http://www.synthesisbank.com i donot found any information related to deposite fund. I think they need $5000.

If anybody using these investment banks services please share ur experience.
  • #5
  • Jun 15, 2007 8:43am Jun 15, 2007 8:43am
www.realtimeforex.com


Can be trusted. Almost no reqoutes.
Instant execution and not like some who execute your trades only when price goes additional pip against you first.
Honest spreads.
No widening during NEWS or delay price qoute.
Have never seen stop hunting.
Compare a REAL/LIVE account with others and you will see what I mean honest spreads.
  • #6
  • Jun 15, 2007 11:45am Jun 15, 2007 11:45am
dear sir, welcome to this thread. I found many brokers review on different sites. Many people declare them fraud. I want to ask do u trade live with them ? Can u specify more brokers ? Also what do u think about saxobank ?
  • #7
  • Jun 15, 2007 9:45pm Jun 15, 2007 9:45pm
I've been with Synthesis Bank for 6 weeks... I got filled on my first spot order today (only traded options with them before) and no slippage. I wouldn't call one spot order fill "experience" but I will update anyone who is interested my experiences as I go along. I like their 24h chat feature... very helpful. As far as the account minimum is concerned, I was told $3k USD but got in with $2k.
  • #8
  • Jun 16, 2007 5:02am Jun 16, 2007 5:02am
Quoting brazesh_active
dear sir, welcome to this thread. I found many brokers review on different sites. Many people declare them fraud. I want to ask do u trade live with them ? Can u specify more brokers ? Also what do u think about saxobank ?
I have been trading live with www.realtimeforex.com for already a few years. No problems. Well there was once a problem with the java software campatibility. Otherwise they have been very honest and good.

I have not used Saxobank but once demo on it. Platform similar to RCGtrader ( another live broker of mine )from Chicago. Not bad.

They are not using Metatrader. So I have also another broker for my analysis with MT4.

Don't choose any broker just because they offer you 1 or 2 pips spread less. That is marketing. When they widen the spread or delay the market price, they get back more pips from you.

Dukascopy is obviously the best choice if you trade big. No complains like realtimeforex.
Good luck.
  • #9
  • Jun 16, 2007 8:23am Jun 16, 2007 8:23am
Quoting highway3000
I have been trading live with www.realtimeforex.com for already a few years. No problems. Well there was once a problem with the java software campatibility. Otherwise they have been very honest and good.

I have not used Saxobank but once demo on it. Platform similar to RCGtrader ( another live broker of mine )from Chicago. Not bad.

They are not using Metatrader. So I have also another broker for my analysis with MT4.

Don't choose any broker just because they offer you 1 or 2 pips spread less. That is marketing. When they widen the spread or delay the market price, they get back more pips from you.

Dukascopy is obviously the best choice if you trade big. No complains like realtimeforex.
Good luck.
Thanks for sharing sir. I have visited at www.realtimeforex.com . I want to IB I have 90 clients. My client can offort $2500. I want to chat with realtimeforex support but no buddy was available. later a message appear u are disconnected. I want to ask to you sir are they offer mini lots ?
  • #10
  • Jun 16, 2007 8:24am Jun 16, 2007 8:24am
Quoting highway3000
I have been trading live with www.realtimeforex.com for already a few years. No problems. Well there was once a problem with the java software campatibility. Otherwise they have been very honest and good.

I have not used Saxobank but once demo on it. Platform similar to RCGtrader ( another live broker of mine )from Chicago. Not bad.

They are not using Metatrader. So I have also another broker for my analysis with MT4.

Don't choose any broker just because they offer you 1 or 2 pips spread less. That is marketing. When they widen the spread or delay the market price, they get back more pips from you.

Dukascopy is obviously the best choice if you trade big. No complains like realtimeforex.
Good luck.
Thanks for sharing sir. I have visited at www.realtimeforex.com . I want to IB I have 90 clients. My client can offort $2500. I want to chat with realtimeforex support but no buddy was available. later a message appear u are disconnected. I want to ask to you sir are they offer mini lots ?
  • #11
  • Jun 16, 2007 8:59am Jun 16, 2007 8:59am
Quoting ragingbull94mtx
I've been with Synthesis Bank for 6 weeks... I got filled on my first spot order today (only traded options with them before) and no slippage. I wouldn't call one spot order fill "experience" but I will update anyone who is interested my experiences as I go along. I like their 24h chat feature... very helpful. As far as the account minimum is concerned, I was told $3k USD but got in with $2k.
thanks sir for sharing. Are they offer mini lots ? Are they change spread during news time ? Have you faced any problem with them ?
  • #12
  • Jun 16, 2007 12:41pm Jun 16, 2007 12:41pm
Quoting brazesh_active
thanks sir for sharing. Are they offer mini lots ? Are they change spread during news time ? Have you faced any problem with them ?
Yes, they offer mini lots. On most of the pairs (there's about 160+ according to the site) you trade down to as low as $5000 or 1/2 mini lot. I don't trade during the news, but the spreads are variable so it is possible. No problems with them at all... service always friendly, and I've always been filled where I wanted to be filled. I'll keep you updated as I go along.
  • #13
  • Jun 16, 2007 1:35pm Jun 16, 2007 1:35pm
As you know forex is deregulated market and these bastards(brokers) always try to hit our SL and change quotos. Some times maniputate our orders and trade against us.
Now a question aries What action should an investor take against a broker or bank(synthesis) when he cheated. Everyone know swiss rules strict againt cheaters(brokerage). How a investor get his money back ? Where should he complain ?
If any body know please post the answer.
  • #14
  • Jun 16, 2007 3:59pm Jun 16, 2007 3:59pm
Quoting brazesh_active
Thanks for sharing sir. I have visited at www.realtimeforex.com . I want to IB I have 90 clients. My client can offort $2500. I want to chat with realtimeforex support but no buddy was available. later a message appear u are disconnected. I want to ask to you sir are they offer mini lots ?
Ring them up on Monday during office hours. Then you can pose your questions. Good luck that you have 90 clients. They don't take orders by lots. Download a demo and see it yourself.

About any complains, do a search here in FF. Someone listed the authorities that does the control. The association that defend the consumer is call Association des Consomateur. Google to get the full details. Their lawyers are usually free when your complain is legitimate. When any legitimate complains passes through, most companies prefer not to go further and prefer a settlement. The television program ABC - A bon entendeur often take the case live on TV and companies don't want their image tarnished.
  • #15
  • Jun 17, 2007 1:47pm Jun 17, 2007 1:47pm
Visite this link -
http://www.ebk.admin.ch/e/institute/pdf/ebeh.pdf
you will find banks and securities dealers list (Registered with SFBC).
  • #16
  • Jun 17, 2007 3:01pm Jun 17, 2007 3:01pm
Client since a couple of months, very satisfied (especially by the service on the phone + free TA ...)

One thing: Synthesis is THE only swiss bank offering FX broker service (duka, acm and other are only swiss brokers).

The difference is of course the regulation of Swiss bank commission which are really a strength for our funds and guarantees ...

http://www.synthesisbank.com/en/synthesisbank/origin

'hope this helps ...
  • #17
  • Jun 17, 2007 4:13pm Jun 17, 2007 4:13pm
www.finex.com

However only allow funds transfer from personal accounts after the initial account transfer from your broker.
  • #18
  • Jun 18, 2007 5:34am Jun 18, 2007 5:34am
Quoting Digs
www.finex.com

However only allow funds transfer from personal accounts after the initial account transfer from your broker.
Are u using finex live ? How long is your accout old ? Do you found them in SFBC list. I found they are offering account only with $400.
  • #19
  • Jun 19, 2007 4:56pm Jun 19, 2007 4:56pm
I use MIG and it's ok for me (so far). My start capital 5000 EUR, additional 10.000-20.000 to be added in the following two months.

I also liked their support via phone and via live chat.

Their requirement for opening an account is $2.000,00.

I so far trade actively on GBP/JPY, minimal CHF/JPY and NZD/JPY.
Greed and impatience are our greatest enemies.
  • #20
  • Jun 21, 2007 9:28am Jun 21, 2007 9:28am
Quoting DayTrader CH
Client since a couple of months, very satisfied (especially by the service on the phone + free TA ...)

One thing: Synthesis is THE only swiss bank offering FX broker service (duka, acm and other are only swiss brokers).

The difference is of course the regulation of Swiss bank commission which are really a strength for our funds and guarantees ...

http://www.synthesisbank.com/en/synthesisbank/origin

'hope this helps ...
what is the minimum amount to open acct and trade thru this bank?
Be a sniper not a jumper
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