Broker Details
Minimum Trade Size: | 0.01 |
---|
Maximum Leverage: | 400:1 |
---|
Minimum to Open Live: | $3,000 |
---|
Established: | 2002 |
Address: | City Tower ( Al Madina Tower) Floor 16 Khalid Ibn Al Waleed Street Sharq Kuwait P.O.BOX 26635, SAFAT 13127, Kuwait |
Contact: | admin@swissfs.com, +965 - 22020490 |
Regional offices: | |
Regulators: | MOCI #89468/2002 |
Prohibited countries: | Unknown |
Trading platforms: | MT4, UniTrader |
Mobile Trading: | Yes |
Currencies: | (20+) |
Cryptocurrencies: | |
CFD: | (10+) Gold, Silver, Stock Indexes, Oil, Other Commodities |
EAs/Robots: | Yes |
Deposit Methods: | Bank Wire, VISA, MasterCard, CASHU, Neteller, Skrill, UnionPay |
Withdrawal Methods: | Bank Wire, VISA, MasterCard, CASHU, Neteller, Skrill, UnionPay |
Video
Your company video here? Contact ad sales
Traders Reviews
Review after 5 months trading
Service use: Live
Length of use: 3-6 Months
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.
So far so good
Service use: Live
Length of use: 3-6 Months
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.
Okay for what they do
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?
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.
Frequently Asked Questions
What is Swiss FS?
Swiss FS stands for Swiss Financial Services. Swiss FS offers the following assets to be traded on MetaTrader 4 and UniTrader.
- Forex
- Indices
- Metals
- Commodities
What is the leverage for Swiss FS?
Swiss FS offers a variable leverage based on the assets.
- Forex pairs: 400:1
- Indices: 33:1
- Commodities: 33:1 and 100:1
Is Swiss FS regulated?
Swiss FS is regulated by the Kuwait Chamber of Commerce and licensed from Ministry of Commerce and Industry of Kuwait, License number 89468/2002.
Length of use: over 1 Year
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!!!