forexwebtrader.com Review

Update:I am still trading with FWT and i am still a very satisfied customer.
Yesterday there was a problem with one of my positions beeing closed by error by the system so i contacted their customer-service via Live-chat.
The error was than fixed within 2 hours and i got my money back,so clearly 5 stars for the customer-service(thanks again George)

2008-08-03 5 Stars Update:Regarding what "Allen, PH"..said about long wicks on their charts,that

Well been live with these suckers (blood) about 2 months. Can you spell -STOP HUNTERS, because that is what they are. Don't need to take my word for it. Just open their platform vs anyone, and you will see.

Their charts show LONGGGGG wicks not seen on others.

You have been warned.

They very good as far as I can tell, they send me every day market analysis and the platform is web based and easy to use, and their spreads are ok

Review Moderation Team Note: 5 Star rating removed. This review was not left from the USA. It was left from Finexo's office in Israel.

I am using forexwebtrader more than 6 months.I am very happy with them.It is very fast to send money your account by credit card and for the withdrawal they are really great.
Asa result,I advise everybody to work with them.

I was recently reviewing Forex Trading sites in some of the major search engines and I came across www.forexwebtrader.com
Out of all the sites I came across this site really stood out for me so I opened an account.
few hours later I reciveid a welcome call that explained me more about the platform and helped me start trading.
I must say the charts are not so usefull but if I use other sites charts I can trade perfectly. I already made 2500$ out of 600$ deposit!!!

Review Moderation Team Note: 5 Star rating removed. This review was not left from Norway. It was left from Finexo's office in Israel.

Hi,
Well after searching for a great web trader i finally found something with good support and reliable service.
I am only a beginner but i think this is the easiest Forex web trader i could find.
Take Care,
John

Review Moderation Team Note: 5 Star rating removed. This review was not left from the UK. It was left from Finexo's office in Israel.

Yah i think forex is fun when things work in ur favour most times. when i started demo trading to me i blived forex was all about gambling based on the experience i had with the many forex brokers i did demo trading with.
However when i was to try a live trading, i suddenly came accross forexwebtrader. i registered with them.Surprising to me without even doing demo trading with them i was able to adjust to their platform so fast.infact even with little fund you can manage ur account effectively if u are a good trader.
All MY orders were ALWAYS executed rightly AND at the right times, roll over costs were okay. Little fund withdrawals are fastest while large withdrawals are fast. Many customer calls especially from MICHAL who was always available in times of need.To me forexwebtrader is the best so far compared to all other brokers i did demo trading with.However i will advice them to improve their chart on the web platform and reduce their minimum deposit of 5000USD on the finexo global trading platform COS many traders may not afford that at a start.
All the best to Michal at forexwebtrader.com

Hi there, this review is related to saxo and forexwebtrader together, I gave a scam to saxo because that decision was taken by saxo bank

Here is the review: Stay awaaaay from this group of mafia members called Forexwebtrader and god Father Saxo bank
I had been with this company since Apr 2007 and when I was trading the news with their platform and when I found that there execution is good I decided to open another account with them. Last month after more than two month trading I asked to withdraw money from one of my account and then I got this e mail after one week

Your request to withdraw funds from your account is still being processed by Finexo and its business partner - Saxo Bank. The reason for this delay is that we have reason to believe that exploitative strategies such as 'sniping' were employed in the account. For details please see section 4.12 of Finexo's General Business Terms. We shall reply to you shortly following further investigation.

And I looked at this Section 4.12 and it says
4.12. Trading strategies aimed at exploiting errors in prices (commonly known as “sniping”) are not accepted by Finexo Global Investments Ltd.. If Finexo Global Investments Ltd., at its sole discretion in good faith, determines that Client is taking advantage or attempting to take advantage of such misquotes or is performing other forms of abusive trading, Finexo Global Investments Ltd. is entitled to take one or more of the following countermeasures: i Adjust the price spreads available to the Client; ii Restrict the Client's access to streaming, instantly tradable quotes, including providing manual quotation only; iii Retrieve from the Client's account any historic trading profits that have been gained through such abuse of liquidity, as determined by the bank in its sole discretion in good faith, at any time during the client relationship; and/or iv Terminate the client relationship immediately by giving written notice.

If you look at this statement which is not related at all to the news trading and I already have a proof for almost 85% of the trading that I got the same price plus or minus 2 pips from other two platforms with the same prices as I got from forexwebtrader which proof that I never got a wrong prices like they mention in the statement and I got several messages in several cases says (price is too old. try again) which also give the evidence that there system never give a wrong price with me and I got around 50 trades within the last two months. could anybody believe that any system give 50 wrong prices in 60 days??????? Then they should go out of business because they don't deserve to be professional.
And if you read the statement again you will realize that they just write the statement to be fogy and flexible to accuse anybody who gained profits with this accusation without giving any definition for sniping act means.

Then I got this e mail
After having investigated the situation of your two accounts, we, together with Saxo Bank, have established that the entire activity of your accounts (profits and losses) were acts of 'sniping'. We are therefore annuling all trades made in these accounts and returning the original deposit in accordance with your contract.
Your accounts have now been frozen.
The refunds will be made within the next few days and our Client Service Director will be in touch with you tomorrow.
Elon Bezalely

Finally they stole around $20,000 from me and $30,000 from my wife and we will go back after them all the way and we have all the proof of our profits and proof of right prices we got and I got also contact from another trader they stole also around $17,500 from his account also and we all will complain against forexwebtrader BaFan in Germany and saxo bank in NFA in USA. And if we didn't get our money we also going to sue them in British virgin island and I start to contact a lawyer there to be ready since they stole around $67,000 and it worth to go all the way for it.

Finally I read the statement wrote by Michael Primus - Marketing Director - ForexWebTrader.com, Duesseldorf, Germany
He wrote: "This trader's deposit was returned to him in full, which we feel is more than fair" So I want to ask him to refund the trader deposit in this case is consider for you as a more than fair, so what about if your company treat him with your just fair treatment not (more than fair). what are you going to do with him and what do you used to do with other traders, take there fund also???????

My advice to all traders that go away as far as you can from this company and the god father Saxo bank because you will lose you money and time and you will get you original fund after more than month like me and maybe they will treat you next time with their fair treatment and take you fund.

Note: if anybody wants to have a look at the statements and trades history reports I had with them, just send me an email to hesham_ha@yahoo.com and I'll send it to you as
an attachments.

Well, I am very new at forex and I have NEVER thought it would be SO hard to choose a forex broker....I have been through a lot of websites with broker reviews, and all of them have different point of views....My head was spinning... I decided to forget ALL the reviews that I have read, and begun to search for a broker that met as many of my requirements as possible.

As you probably have guessed, I chose forexwebtrader as my first broker :) And here is why:
+ Easy deposit/withdraw with credit card.
+ Takes a few minutes to open an account and start trading.
+ No need to send tons of paperwork to open an account.
+ Fast and helpful customer service (live chat)
+ Fast order execution (I didn't notice any delay at all)
+ Micro lots trading are possible.
+ Minimum deposit is only 25$
+ Good spreads
+ Web-based platform, so I can trade anywhere.
- Charts are not the best.

The only thing I don't like is their charts, because they don't have the tools that I normally use. I can live with that though, cause I use other charts as well. They don't have a demo account either, but if you want to try their platform for free, you can do it at saxowebtrader.com It is absolutely the same platform.

As I mentioned before I am very new at forex, and I have only been live trading for about 1 month. But so far I am very happy with forexwebtrader. I give them 4 stars. Would have been 5 if they had better charts.

(Sorry for my English) - Vatslav

Dear Felix,

We appreciate the opportunity to reply to the negative comments below. This website is quite valuable to traders world-wide and we fully agree that traders need to be very careful regarding who they trade with.

However, in response to our "Scam" reviews, I would like to state both individuals below are out of line.

I would like to assure Jim that we do "exist" - and our clients are treated with as much respect as possible. Our Customer Service team attempts to answer all communications via email, live chat or telephone within 24hrs.
Trading support is crucial to the currency markets and successful trading.

Kevin, the individual who writes below, "If they just would have told me that they werent interested in my kind of trading" should mention that he first agreed to our Terms and Conditions - which stated his "kind" of trading - Sniping - is strictly prohibited. He then chose to violate these terms by sniping - thereby abusing our trading platform, and now he has the audacity to accuse us of mistreatment!?

This trader's deposit was returned to him in full - which we feel is more than fair when he himself was intentionally abusing our business agreement. If someone violates a clear legal agreement - should that individual be rewarded?

Again, we appreciate the opportunity to respond to these comments. I wish everyone success wherever they are trading.

Anyone with inquires can call me personally at:+44.80.0051.6395 -
ask for Michael or accounts /@/ forexwebtrader.com Attn: Michael Primus