SwissFXBroker (SFXB)--has anyone ever used them?

Isn't it clear that I'm making those statements about my experience using a demo account? Nowhere did I imply that it would be the same on a live account. That's why I'm asking for feedback from those who are trading live with this broker. It's called research.

Thanks for your help but let me give you a little piece of advice. Research isnt done on demo accounts and its done by taking other peoples experiences and thinking yours will be similar.

Why dont you try a small live account and then post your findings or dont I think most of us already know what kind of company SFXB is. (thats with very little RESEARCH)

.....especially after following duxis link.


Once i opened an account with 1 of mt4 brockerages because they had a lightning speed of excecution on their demo. When started trading for real money the first my order delayed 10 seconds. The following trades had a big delay either. So the first day I opened my account with them the same day I withdraw all the funds from there and closed it.

scam!

LiveZillahttp://www.swissfxbroker.ch/livezill.../icon_info.gif
System1:17:30 PMSystem is getting started. [Wednesday, January 07, 2009 1:17:30 PM]
System1:17:31 PMA representative will be connected, please be patient.
System1:17:47 PMStanley enters the chatroom.
Stanley1:17:48 PMHello robert, my name is Stanley, how may I help you?
robert1:18:21 PMare you a broker of your own or just another introducing broker for a major player?
Stanley1:19:47 PMyes we are, but directly connected to our liquidity providers
robert1:20:12 PMyes you are what? an introducing broker for another company??
Stanley1:20:31 PMno
what i mean is that , we are not market makers, we have a liquidity provider that we are directly connected to,
robert1:21:35 PMso your platform actually says swissfx on it?? and if I sign up with you I will not be signing up with fxpro or some other company?
Stanley1:22:35 PMyes, swissfx. also you will not be connected to other retail brokers feed
robert1:23:23 PMgood because i hate when that happens. I cant seem to find a good broker for scalping which does not manipulate spreads opening and closing or orders and the price feed
what is your spread on the eurogbp durring and thruout market open session?
Stanley1:24:07 PMconsistent 3 pips all day
robert1:24:29 PMso its fixed and is never over 3 durring asian session?
Stanley1:24:39 PMyes
robert1:24:47 PMgood, and you allow scalping?
Stanley1:24:55 PMyes
robert1:25:08 PMand you have atleast400:1 leverage?
Stanley1:25:27 PMyes
robert1:26:46 PMgreat. another question didnt you use to be under another name?
Stanley1:27:03 PMno
robert1:27:14 PMswissfx instead of swissfx?
swissfs i mean
Stanley1:27:27 PMno
swissfxbroker gmbH
robert1:28:11 PMhmm, interesting your not listed on any major broker reveiw sites. are you a new company?
Stanley1:28:39 PMyes
robert1:29:22 PMand you are in switerland? Does my bank wire go there when I make my deposit?
Stanley1:29:43 PMyes..........yes
robert1:30:42 PMok good. And may I visit your company before depositng any large amounts?
Stanley1:30:59 PMif you so please
robert1:31:59 PMyes because I have largwe investors worth millions. And we are looking for a good broker. how many people run your company?
Stanley1:32:51 PMwe have variouse representative worldwide, i would say we are large
robert1:33:39 PMvery good. what in the min amount to open a live account, and may I make my deposit via credit card?
Stanley1:34:15 PMat the moment, we do not offer credit card payment
robert1:35:45 PMok so what is the min wire amount to open and test a live account with you? and how quickly does it take you to process deposits and withdrawals?
Stanley1:37:39 PMwel for scalpers the minimum requirement is $5000, but if you want to trade normal, $2000............ generaly it depends on your Bank, deposit and withdrawals generally take`s 2-3 days
robert1:40:24 PMbut I need scalping, thats the whole point. $5,000 is way to much considering your a new company and there is lack of information on you. $100 is the most I would deposit to test out a new company
Stanley1:40:59 PMwell its not my decision
robert1:43:26 PMthats really going to hurt your growth and development. Few people are going to put that level of trust in you when there are so many scams out there? exspecially when a very simular name to you was confirmed to me
a 1 man operation out of his local aprtment in worchester mass who scammed sombody for $100,000
Stanley1:44:39 PMwell we are not scam
we have been in business since 2007
robert1:46:56 PMwell then the only way I am going to make a $5,000 deposit to test you out is having a visation and background screening done on your company by a local reguality officer
Stanley1:47:27 PMwell its up to you
robert1:48:18 PMwhat is the phone # to your company and best time to reach you to setup a meeting?
Stanley1:48:43 PMwe can not change our service because you want to deposit $5000 with us to trade with
beside we are not soliciting for business
most of my co workers are traders to the company, the executives are also traders
at the moment we have alot of clients that we dont need New B learning on our platform
robert1:51:14 PMWell then whats the number to reach you at to setup a meeting then?
Stanley1:51:35 PMlook the website
robert1:53:25 PMok I will be in touch shortly. another question. If you are in switerland why do you have a .ch chinese domain?
Stanley1:54:11 PM.ch is not chinese, its swiss domain name, you shoud have known that
chinese is cn
robert1:55:30 PMok whens the best time to call?
Stanley1:55:59 PMnormal european office time
robert1:56:25 PMso in about 13 hours from now?
Stanley1:56:47 PMi think
robert1:57:17 PMok. i will be in touch thank you
Stanley1:57:31 PMhave a nice day

[quote=jimer013;2455003]scam!

This guy Jimer is full of crap, he has investors worth Millions but wants to test with 100 dollars...

fxtrader42 I got your message but FF will not let me answer, please feel free to contact me via email if you like [email protected]

Dear Traders,

I have opened a live account with SwissFXBroker 2 months ago.

I wonder if any other traders used this broker so as to share their experience, and comment on my observations.

I faced a very strange issue with them, just 2 days after started trading with them. They promised me to look into it, and provide a solutions soon, but they did nothing yet.

I also invite their support/backoffice team to join in this discussion, since I want it to be open to the public.

So for now, if anyone else tried this broker, please PM me.

Thanks,
Shadi

hey, did you ever get an email from my contact?

Shadi, SWFX is a shady broker. You will find that many have tried them and most have moved on to bigger and better things. There are better options out there.

ECN feed, no commission?? whats the catch.... has an air of dodginess atm...

Thanks to your FIRST post in this forum.
My neighbour sells roses, she never says her roses are bad

If one wishes to use Swiss brokers stick to this 3 proven ones.

Saxobank
Dukascopy
MigFX - expected to be a banks soon in two to three months

Under swiss banking laws, your account is protected up to CHF30'000.- even if the bank goes bankrupt.

Don't forget previous unfamous swiss brokers that went bankrupt or cheated their clients !!!

Saxo is from Denmark, if i remember correctly.

you remember correctly!

Alpari is from Russia !!!
But Alpari is also in UK and US.
Subjected to UK and US Company law and registration.
Alpari is also US and UK brokers. If Alpari Russia goes down, it does not mean Alpari US nor UK traders will lose their funds.

Saxobank is from Denmark !!
But Saxobank in Switzerland is subjected to Swiss laws.
Saxo outside Switzerland do not assured your funds up to Fr30'000.-
Want to know more? Check up what happened to Synthesisbank. What is the link between Saxo and Synthesis ?

Hi guys,

I've been trying to find all reviews on SWissfxbrokers, but can't seem to find anyone proper that is posting real testimonial, except this guy chucky which has been spamming the same "text" across all forums on a few sites.

Everything is screaming out scam, but damn their spreads are really nice. Especially on the AUDNZD and EURNZD, which is really good for my EA. =)

I know this is my first post, but I've been scouring various forums for testimonials. Only found www.comparebrokers.com, but nothing really solid, only 3 testimonials.

I might take the risk 2k USD and join, I know the live support kinda sucks, I have talked to that Stanley chap before, I don't know why everything is so secretive. They won't even say what bank to wire funds too??? Unless you become a live client.

Anyways I might possibly join, I dunno considering risks, but I know with their spreads I can profit. 2k USD is alot but.

If I do decide to join will post my findings. *thinking about stepping into the black hole lol*

very strange first post : "they smell like a scam...the support sucks....i don't know if my funds are in a secure place...no regulation...2K is alot for me"

and you take this risk ???

I would not be surprised you claim in a second post that they are magnificent.


for your information :

Tradeoracle ch is a scam owned by tony Chuk awunor (alias Chukky) with a nigerian passport in Switzerland
Swissfxbroker is owned by the same person

By translation I would say SBFX is a ....... except if you believe in the redemption.

What is their typical spread on AUD/NZD?

I've spent the last couple days installing all over 30 different demo MT4 playforms analysing spreads. The EA I'm using typically trades the AUD/NZD because it is a ranging type currency.

It relies on stable or fixed type spread and typically gets wiped out on high or variable spreads and big trends.

I currently have an account with FXDD who do 17-18 pip spreads live. I also been trying the FXCM bridge with MT4, unfortunately aussies don't have MT4 on FXCM yet.

I've found a few others, but the too good to be true ones seem well too good to be true.

www.e-globalforex.com has a 10 pip spreads on the AUD/NZD on live and demo on micro account
www.swissfxbroker.ch has 12 pip spreads on AUD/NZD and 15 on EUR/NZD

I think www.traduwul.com was arond 15, but I heard to avoid swiss brokers so far?

Just testing the same EA against all these demos I find that the 10-12 pip spread make a really big difference in profitability with the scalper I'm using.

Guess thats what I thought it might be worth taking the risk, esp for the 20% performance boost. FXDD still gives good results, but on a 10 pip spread its magnified alot more.

Would anyone have any reliable platforms that do fairly good live spreads of AUD/NZD thats around 15 fixed for most of the day or under, I know its an exotic pair.

I was told by FXCM that their typical spread is 7 pips during the London Session. It's good to know that they don't have AUD/NZD on their MT4 yet, otherwise I would had waiste my time opening a live account with them ...

FXCM MT4 platform does have AUD/NZD http://www.fxcm.com/spreads.jsp
Its just not a default pair. If anyone needs help on how to see this pair in your FXCM MT4 trade station window please PM me or e-mail me [email protected]

Jaclyn Sales
PR coordinator
FXCM
[email protected]