Resolved - Forex-Swiss.com

Wynand

Recruit
Messages
1
After starting a demo account and running it for 3 months I emailed the company in question to find out how the live and demo accounts differ. Their answer was "both are the same". I opened a live account but to my horror found just the opposite was true. On entering a transaction a few seconds later the price would drop between 12-20 pips against me. First of all I could not select lower than 1.0 lot transactions? I merely lost my account after 8 transactions and two evenings later. I emailed them about the lotsizes and then afterwards it all magically came right? On comparing it against my other live account the price was dropping while my other broker's price would be stable? Forex is already very risky without these 'extra' price spikes. The fact is live accounts do differ to some degree because of several market factors, but nothing like this.
:unhappy::mad:
 

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Pharaoh

Colonel
Messages
19,825
Sounds like typical "stupid broker tricks". Close your account, grab your money back, and warning everyone else is the best thing to do in these cases.
 

Raimundas

Corporal
Messages
87
Orders executed with huge slippages

Recently I tested this broker. I confirm the first post: live account and demo have two different quote-feeds and live quotes are manipulated (see the file: http://rapidshare.com/files/286650693/ManipulatedQuotes.xls ). Executions on live account takes 10 secs on average (see attached file "20090915.log.txt").
Additionally, 7 of 11 my orders executed with huge slippages (see the attached file "SCAM.zip").
By opening and by closing all my orders I used an "Enable maximum deviation from quoted price" feature combined with "Maximum deviation=0 pips". Therefore, all executions mentioned above are illegal.
Do yourself a favour and stay well away from this brokerage.
 

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hm_meier

Recruit
Messages
2
(see the file: http:// rapidshare.com/files/286650693/ManipulatedQuotes.xls).

Hi,

you used:

DateTime
Interbank_Ask
Interbank_Bid
FXCH_Ask
FXCH_Bid
Difference

With "Interbank", is it "http://www.ibfx.com"?

How did you got your minutes/seconds signals from both Interbank and FXCH?

Please advise me, since I want to test this also with my broker.

Many thanks.

:)
 
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Sibali

Corporal
Messages
109
Demo and live accounts can never be the same first thing. Close your account as soon as possible.
Better to invest in futures. The brokers are more reliable and regulated. Forex brokers are like open sea. You are totally blind.
 

hazarder

Private
Messages
12
Hello dear trader,
I have problem whit FXCH and wont to know wher I can send complaint, becouse I call them in Swiss and they don't answer on phone.
I sent meil end they answer somthing else crazy .....
 
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