SwissFS.com Review

SwissFS is one of the illegal babies of BMFN, as SwissFS and BMFN not putting clearly on their website but we all can see it through them MT4 servers IP address, and also through Boston Unisoft which owned to Pavel Belogour the same owner of BMFN 

https://boston-unisoft.com/recent-projects.html

you can see some of names used instead of BMFN, and for sure if you planning to work with one of those names you have to be 100% sure you dealing with BMFN back office, and you will get stolen!

Here is the story:

after BMFN steal the clients’ money in Saudi Arabia under the name of BMFN-ARAB and Saudi Arabia Central bank decide to restrict any forex transfer it was a good chance for BMFN to run away, but still money in Saudi Arabia and BMFN want to continue stealing it , as much as they can !!!!!!!!!!!

One of BMFN’s IBs which is Swissfs that time has a trade license in Kuwait but not regulated anywhere even the on moon, but they are the only Arabic speakers BMFN has,

BMFN start using their Lebanon IB in Kuwait “SwissFS” or clearly the IB “Ahmad Shibley” to get the money from KSA, he start building everything without putting his name ever but as we all know nothing will be hidden forever as wealth & finance wrote about him and his wealth and to clear who is behind of SwissFS

https://www.wealthandfinance-news.com/world-class-quality-services/

SwissFS entered KSA under marketing license and Start to collect the money, with offshore account under them real name of Kuwait until it got blocked in about 2 or 3 months for the illegal activity , since that time till now they taking the money in local banks for their marketing company

https://www.google.com/search?q=%D8%AA%D8%B1%D8%AE%D9%8A%D8%B5+%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9+%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3%D8%B1%D9%8A%D8%A9+%D8%A8%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9&biw=1455&bih=726&tbm=isch&source=iu&ictx=1&fir=DyPQ9RJOfX2x5M%252CtsdTtlP7U9rkUM%252C_&vet=1&usg=AI4_-kR2sbNuDzRuEzIbx2P3uIXt0wjYBQ&sa=X&ved=2ahUKEwid6JGFoMHtAhWPgVwKHUZRBFcQ9QF6BAgLEAE#imgrc=DyPQ9RJOfX2x5M

they playing with clients (victims) and informing them they trading with SwissFS Licensed in Kuwait  but the deposits is going to Swiss marketing, so even with the fake talk about license in Kuwait this KSA victims will not get one cent back, and SwissFS will run to hug the mother BMFN out of the Middle East .


they got a lot of issues but still fighting to stay even after Capital Market Authority in KSA list them, and looks like someone benefit to keep them in Saudi Arabia,

https://cma.org.sa/Awareness/Pages/Forex.aspx

this company name must change and link the son to the real father and name it Swissfs = bmfn.com SCAMMER!!!

I have not faced any serious issues, it’s a Legit Broker registered in Kuwait since 2002 with expanded offices in GCC. so it has been around for some time when I did my initial research was a bit skeptical so gave them a try with a below $5k account size, spreads was reasonable about 1.1 in Euro although they have better ECN spreads if I was to increase my deposit size but I wanted to try and see, deposit and withdrawal was very fast and smooth no issues there even I made profits. But they didn’t give me a swap free account as I was not from Middle East hence I was refused a swap free account not that it bothered me much I’m a mostly day trader with some positions I hold on for less than 5 days so it was okay, leverage was 1:400 that was one of the reasons why I wanted to open an account since most brokers are based offshore and I would rather not put funds in some island. SwissFS was the next best thing to me cc’ing my requirements and I did search they had several offices in the GCC and many funding and withdrawals options. With regards to slippage there is a few but as an STP it is expected as market was volatile I did trade bre exit and had smooth trading while the leverage was cut to 1:200 on GBP pairs but that was nothing really compared to other brokers and they did fill my orders auto fills and fast and again there was some slippage but can’t complain I had my fills at the best available rate given the market conditions. So overall it’s a normal broker it reminds me of the golden days of the NFA regulates brokers execution and style of business something I miss a lot these days and the way FX was tarnished as a whole. So I would give them a try but if you looking for a sweet heart deal don’t bother you will get your regular deal and execution with fast deposits and withdrawals.

Note I do work with there Dubai branch as I have a business in Dubai and travel to Dubai regularly so the thing that I like about the Dubai office is the Automated credit card facility where I can deposit anytime of day and it’s linked automatically to my trading account hence I can fund and trade without contacting anyone in the company. As for withdrawal it needs a staff to take the funds out so you just need to do the withdrawal form from the Private cabinet portal as a client then it’s probably checked by a staff and done it takes me less than one working day to receive funds to my local Dubai bank account so that’s convenient for me, I would like them to have the withdrawal auto as well just like the deposits but as most brokers it seems they check then process it.

I started an account with the Dubai Branch in May, Apart from the Manual deposit Which is way too old, I haven't faced any issues
Their execution is fast enough so is their withdrawal, Have faced slippage issues twice but with small difference so can let go.

Overall a good broker specially with local deposits and withdrawal option.

Hello I’m from France and I was searching for broker to give me swap free account since I trade medium to long term trades I was looking for such a broker and I find them now one thing I notice they have company from 2002 working non stop in fx so I try with small amount 700 euros and I fund in credit card and I try to withdraw all was good in 3 days I got money in my card then i started to increase my deposit and withdraw and I have no problem, I have been trading for 3 years with them and no I’m more happy because they are in Kuwait they don’t follow ESMA rule so I’m so happy that I don’t have to change my Leverage they offer me 1:400. Spreads is between 1.5 pip to 2 pips for regular account it’s varibale spread for me I don’t mind since I do medium to long term and I have swap free it’s suit my trading and I have 1:400 leverage on forex and 1% on CFD I’m happy.

These guys have been around since 2002, that's long enough in my book for a forex broker, they do business the old way and are good at doing it, they are not a market maker but an STP model, I have been trading since many years with them, they have introduced a good new website, online instant account opening, funding and withdrawals and have recently expanded to Saudi. I just want a local broker in my country that has been many years and offer good execution and my money is safe.

They called me randomly claiming they received my details from investing.com... Utter annoyance and rude reaction to my asking for clear explanation of how they received my details. Would not clearly say that they are not investing.com, and repeatedly said they're registered with investing.com whatever that means. Don't call me !!! Probably conning people that shouldn't be trading to lose money. Calling anyone that ever looked at a chart online at investing.com? Shocking.

yes, I agree, many of the web site's links are broken, including opening a demo account, live chat etc. how could such a prestigious looking web site let this happen. something is wrong. I guess this company is not worth inquiring into.

THe most bizzare phone conversation ever left me wondering exactly how this got a 5-star rating. THen I noticed that all the "reviews" were from overseas. First of all, several of the pages on the website were broken (first sign of trouble). I tried clicking on the "Live Chat" button -- that also gave me "Webpage not found" Then when I became frustrated with the website, I tried called in the number listed for Canada. It is in the middle of the day here in North America, but when I phoned the number (905 910 0740) it sounded like I was waking some guy out of a deep sleep and he answered "Ah... hello..." And then after he woke up enough to be coherent I started asking some direct questions about Forex trading and he didn't have any answers and he eventually hung up on me. Keep in mind, I verified several times that I was reaching "Swiss FS" and when I tried to call back there was no answer. So I thought I might have the wrong number. But several subsequent tries only got an immediate busy signal. I would mark this as SCAM if I had ever given them money ... but as far as I'm concerned this is a SCAM

They are a kuwait Company and I notice their wiring instructions are to send your money to
IFX Markets Inc.
Commerce Bank and Trust
386 Main Street
Worcester, MA

Who is IFX Markets? Has anyone done business with this group? Is it perhaps better to have this connection with a US bank?
I have read good reviews of this group, but I have never come across this strange subterfuge. Is there any further reliable opinion of them?

I can say that they're very professional and honest broker.
They're commission-free with low spreads and default mini-lots for retail traders (10,000 units per lot) which is great for beginners and you can multiply it as you wish (for professional traders, although they've more advanced platforms and services for professional and institutional traders). They're compatible with islamic rules, which makes them appropriate for everyone, muslim or not.
The platform is simple, but very reliable and contains all the features you may think of (although I'm still a Meta-Trader fan).
Orders are filled immediately, with slippage of 2-3 pips in volatile conditions (which is nothing compared to other brokers and platforms)
I didn't have to call the dealing room, but I met the customer support (it's an advantage to have a broker where you live). They were very honest and professional. I was day trader at first with repeated losses, so they adviced me to become a swing trader (which is less profitable for any broker -because of less deals per day- but not when they're clean and transparent) and taught me a sterategy, which gave me repeated good profits.
I didn't try their ECN & Currenex service they provide, but I may think about it in my plan, although I'm very comfortable and satisfied with their default retail platform and service.
I highly recommend them for any trader to give this broker a try.