FinFx reviews after being sold to Best Choice Ltd?

Hi,

Does anybody trade with FinFx after they have been sold to Best Choice Ltd. ?

I have some issues with them and would like to know if i might be in trouble or it's just bad customer service. Any experience during the last couple of month would be really helpful (withdrawals, issues with trades, etc.). I would as well like to know how long it takes on average to withdraw money from the account.

Thanks

Roland

hi, I've been using finfx and fxcm the last few years, never had and problems with withdrawals via wire transfer (2-3 days it takes usually).

I have been considering moving all of my money to FXCM though as I am a bit uncomfortable with using a Cypress broker.. I've also noticed on their website that they took off their triple A credit worthiness watermark. No issues with trades, except in 1 scenario where my SL wasn't immediately honored (very fast spike up) and took me out at -40 instead of -10, but many people on different brokers had this problem too.

So no serious issues but I have a gut feeling that keeping my money here for much longer isn't a smart idea.

Thanks for your answer.

Finally, the issue with my withdrawal was solved. Maybe I was a little bit over-reacting after reading all the horror stories about other brokers.

Still, nobody at FinFx seems to be able to tell me why the pip value of SP500 changed in the middle of last week from USD25 to USD1. It would not be a big issue if they changed it, but as it happened during the time I had a trade open, this makes me nervous. Such things could kill an account. And it could happen anytime soon the other way around...it's annoying as I would like to build up a short position and have to stay on the sidelines until I get a useful answer from them.

Are you trading SP500 and experienced the same issue with the pip value?

I have similar concerns like you, regarding Cyprus. I remember, when a couple of years ago money was taken - as they said - from rich russian people's accounts (they sold it as if it would all have been illegal money to avoid tax paying, but I am sure, there comes the day when everybody is hit by such developments).

In general, I don't consider it a good idea having trading money in the European Union, too many things I really don't like are going on (disuccions about removing cash, total control of customer bank accounts, in march 2016 all major bank transactions from/to Liechtenstein and Switzerland since 2011 have been sent to the finance office, etc.). At the end the European Union builds up a huge control system to have direct access to all bank accounts, camouflaging it as "fight agains tax evasion" and "fight against terorrism".

Best Regards

Roland

It's not the problem, it's totally normal. Big price movements often happens in one tick during important news or stop loss hunting.

Here we go "Best Choice Limited":

! Important Announcement ! Our licence has been suspended. *


This sounds bad...i hope i can get my money out...

Yeowza. I guess I got lucky as I just happened to take all my money out a couple of weeks ago.

Let me know how your withdraw goes... best of luck to you.

For me FinFx was one of the best brokers with no any issue for many years. FinFx was member of Integral and real ECN broker.
Best Choice Limited i don't trust at all. I was get out before they take control.