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Crown Forex

  • #1
  • First Post: Mar 12, 2007 2:20am Mar 12, 2007 2:20am
Anyone using Crown Forex before?This broker is offering 1 Pip spread for 7 major pairs. Comments and experienced using it will be appreciated.
  • #2
  • Mar 12, 2007 3:12am Mar 12, 2007 3:12am
Quoting amenlo9
Anyone using Crown Forex before?This broker is offering 1 Pip spread for 7 major pairs. Comments and experienced using it will be appreciated.
My only comment is 1 pip spread + 0 commission - where do they get the money? (knowing that the real interbank spread could be more than 1...)

OK, I guess most of you will say that they get the money of the 90% (or whatever %) of people loosing on Forex. But then it means that their clients must loose in order for them to live.
  • #3
  • Mar 12, 2007 3:48am Mar 12, 2007 3:48am
A lot of slip and requote on every trade. That's how they compensate for the spread.
  • #4
  • Mar 15, 2007 4:19pm Mar 15, 2007 4:19pm
I had an account with them , since I wasn't loser , they treat me in a way , that I've closed my account with them, You should only be loser , other wise these arab guys will not continue with you!


Quoting jlpi
My only comment is 1 pip spread + 0 commission - where do they get the money? (knowing that the real interbank spread could be more than 1...)

OK, I guess most of you will say that they get the money of the 90% (or whatever %) of people loosing on Forex. But then it means that their clients must loose in order for them to live.
  • #5
  • Mar 15, 2007 7:51pm Mar 15, 2007 7:51pm
As its name implies, you got to be a CLOWN to trade with them.

Avoid this butcher shop.
I'm just moving clouds today - tomorrow I'll try mountains.
  • #6
  • Jun 6, 2007 3:26pm Jun 6, 2007 3:26pm
Hi guys

Does anyone know anything about crown Forex
I have one of their reps all over me?

Are they good ...
their web page looks great for counter-carry trade?
& one pip? great stuff ? but are they the real deal?
Thanks

TEB
  • #7
  • Jun 6, 2007 3:30pm Jun 6, 2007 3:30pm
Quoting TEB63
Hi guys

Does anyone know anything about crown Forex
I have one of their reps all over me?

Are they good ...
their web page looks great for counter-carry trade?
& one pip? great stuff ? but are they the real deal?
Thanks

TEB
I hope its alright to post this link.

its reviews of Crown Forex.

http://www.goforex.net/reviews/crown-forex.htm
  • #8
  • Jun 7, 2007 9:53pm Jun 7, 2007 9:53pm
Second hand story but a friend trades for a small group. He had terrible trouble with Crown and dropped them within a month. As I recall their website seemed promising and was it them offering 500:1 ?

All too good to be true. Stay away from GCI also, same terrible requote problems. I was with them for maybe a year without particular problem but don't try placing instant execution orders.

Weeks later ...............
  • #9
  • Jun 12, 2007 11:42am Jun 12, 2007 11:42am

DOes someone has good or bad experiences with the Suisse broker Crown Forex. They are offering a one pip spread on 8 majors. But are there some tricks attached to?

  • #10
  • Jun 12, 2007 1:00pm Jun 12, 2007 1:00pm
Quoting rscorsica

DOes someone has good or bad experiences with the Suisse broker Crown Forex. They are offering a one pip spread on 8 majors. But are there some tricks attached to?


http://www.goforex.net/reviews/crown-forex.htm
  • #11
  • Jul 6, 2007 10:09am Jul 6, 2007 10:09am
Hi,
I found out a brooker CrownForex (www.crownforex.com) and they have 1 pip spread on all major pairs. I also talked to there support about this and asked them about the spread in news times and they said that there is no change in the spread even in the news time. This looks preety impressive. I have been using there Demo account till now and I was thinking of opening a Live account with them.

I had also asked them for any IB' in India (I live in India) and they gave me a contact info. But it is not working (may be guy is out to some place) I have again asked them for more information on IB's in india and they are yet to reply it.

So what you people say shall I go with them or shall i leave them.
As they are offering vyer nice spreads on all major pairs (i.e 1) and it is hard to resist. I have read many post saying that there are requotes many times in low spread offering brooker's but in the demo account I have not faced any this kind of problem. (Are Demo account different from Live I mean basically this depends on servers are thos different).

So opinion from all respective member are welcomed.

Regards,
Invest_Master
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  • #12
  • Jul 7, 2007 2:45am Jul 7, 2007 2:45am
Opinions are welcomes.
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  • #13
  • Jul 7, 2007 4:59am Jul 7, 2007 4:59am
I think you can go ahead. I know a few guys who use crown forex LIVE and their spread remains the same. At major news times, you might have a minimum Limit of 31 pips though. But i still believe that if you demo trade for at least a month with them, you should be able to tackle their downsides. Go for it guy!
  • #14
  • Jul 7, 2007 6:42am Jul 7, 2007 6:42am
it's not true, they widen spread, they requote and they have a ridicolous "scalping policy" ... I've closed with them
  • #15
  • Jul 7, 2007 7:01am Jul 7, 2007 7:01am
Quoting FedePresident
it's not true, they widen spread, they requote and they have a ridicolous "scalping policy" ... I've closed with them

I talked to there support and they said that there is no chance that the spreads widen.
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  • #16
  • Jul 7, 2007 10:29am Jul 7, 2007 10:29am
go for it invest master,
then report back how badly it goes.

regards
  • #17
  • Jul 8, 2007 5:57pm Jul 8, 2007 5:57pm
hi investmaster and all member,

I've tried the crown's demo and I found it interesting. I can make 20% in 2 hours on sideway currency's movement.

But when I check with my friend who already there. He said that at news the order limit minimum is 30. so he always take profit with market order. But the crown warned him that he is not allow to do that. He replied," but there is no such thing in the agreement" after waiting for a while,
crown answered that they had sent him wrong email.
He wanted to clear things so he sent email. Asking that does crown allow trader scalping. there is no answer.

at some previous time I asked them to open account and asked does crown allow scalping. they answered that they allow it for minimum 3 pips.
so I thing the overall is 4 pips ( include 1 pip spread).

Guys,
do you trust this company?
I meant they word is not the same with the fact.

I read in this thread that there was someone already closed account with them. I want to know how difficult to close account and withdrawal form them.

Yes you can read my mine. I still interested with them because I managed to win 20% in 2 hours in calm gbp movement. I think I can pass trading on news.
  • #18
  • Jul 9, 2007 12:48am Jul 9, 2007 12:48am
Quoting Sontoloyo
hi investmaster and all member,

I've tried the crown's demo and I found it interesting. I can make 20% in 2 hours on sideway currency's movement.

But when I check with my friend who already there. He said that at news the order limit minimum is 30. so he always take profit with market order. But the crown warned him that he is not allow to do that. He replied," but there is no such thing in the agreement" after waiting for a while,
crown answered that they had sent him wrong email.
He wanted to clear things so he sent email. Asking that does crown allow trader scalping. there is no answer.

at some previous time I asked them to open account and asked does crown allow scalping. they answered that they allow it for minimum 3 pips.
so I thing the overall is 4 pips ( include 1 pip spread).

Guys,
do you trust this company?
I meant they word is not the same with the fact.

I read in this thread that there was someone already closed account with them. I want to know how difficult to close account and withdrawal form them.

Yes you can read my mine. I still interested with them because I managed to win 20% in 2 hours in calm gbp movement. I think I can pass trading on news.
Well it looks like everything is going good in your case.
I am asking there support again some questions and would post my talk ehre if possible.
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  • #19
  • Jul 9, 2007 5:53pm Jul 9, 2007 5:53pm
Is this the same broker that can be found here on FF as a sponsor? Wouldn't FF screen their advertisers?
  • #20
  • Jul 10, 2007 12:53am Jul 10, 2007 12:53am
Quoting lcfxtrader
Is this the same broker that can be found here on FF as a sponsor? Wouldn't FF screen their advertisers?

Yes it is the same brooker which is sponsoring Forex Factory.
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