I am thinking to open a live a/c with AleccohFx.com, but a bit worried about the safety of funds as it is based in Lebanon. What are the views of those members who have been trading live a/c with them?Click here to read or submit reviews and ratings for AleccohFx.com >>
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I guess we won't get our money back here. This is looking like a HYIP history...:hissyfit:As I understand it, there were some new regulations in Switzerland that went into effect on January 1st. These regulations somehow removed Aleccoh's direct control over AleccohFX (possibly because he's not Swiss and/or because Swiss law no longer permits traders to control brokerages).
Currently, Aleccoh appears to be involved in some sort of legal dispute to recover clients funds.
Some people say he's just a big scammer. Since client funds are not accessible, this is a reasonable suspicion. On the other hand, he did stop accepting new clients and warned existing clients to stop trading their accounts some time back. This would definitely be in his favor.
Assuming he resolves the Swiss problems and opens in the US, I'm still willing to give the USA side a test drive. Others undoubtedly would disagree with me.