FXCH (forex-swiss.com) is a scam

Messages
12
This broker is a complete SCAM. They DO NOT let you make a withdrawal without taking a trade (they call it 'activating' the account). And then when you go to place a trade, they allow you to place a trade below 5 lots. And at the exact moment when you do place a trade, they actually increase the spread size SOOOO HIGH that it margins you out immediately. Here's the proof:
"invalid volume" errors below 5 lot trades: http://prntscr.com/ghear5
EUR/USD Price movement SHOWN BY the broker in 10 mins of placing the trade: http://prntscr.com/ghe1j6

ACTUAL EUR/USD price movement (in other ECN broker) in 10 mins of placing the trade: http://prntscr.com/ghe24j

Also, right after this, they stopped responding to my emails and their live chats also stopped answering & asks you to send an email (which obviously they've stopped answering).

DO NOT GIVE THEM YOUR MONEY. THEY ARE SCAMMERS. THEY MOVE THE PRICE AGAINST YOUR TRADE THE MOMENT YOU PLACE IT & THEN STOP YOU OUT.
 
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12
BTW, the amount of spread they charged was also amazing: 15pips. So you can't place a trade below 5 lots & when you do it for a sec, they'll charge you a spread of 15 pips..... http://prntscr.com/ghek2p
Which means that alone will make them $750. And then they IMMEDIATELY & FRAUDULENTLY moved the price by 15+ pips...as seen in other broker's screenshot.
 

FxMaster

Lt. Colonel
Messages
9,028
Two steps that you must follow

1st - Invite them to join this thread via email (Send an email to every possible address).

2nd - Invite him via Skype or any communications address you have.
 
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12
@FxMaster , I just did that & posted my review as well. Also read others' reviews. Sad that I didn't read these reviews before. These people do deserve to be labelled as scam here. 4 types of broker fraud:
1. No withdrawals without taking a 'trade'
2. Min trade size 5 lots (INSANE!, without which it says 'invalid volume')
3. Actual spread size 15+ pips
4. Automatic price manipulation against you the moment you place a trade
Proofs of all that I've posted above.
 
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