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I do not have any experience with this broker. If you have used them, please kindly submit your review above.
Philippe, Geneva
Rating:
Date of Post:
2008-01-20
Review:
Reliable & supportive client support. Fast execution. Since they have a strong liquidity provider I do not trade against them anymore and I do not get requotes, allowing me to trade professionally. Trading during news with wider sreads.
Ch Michel, Zurich
Rating:
Date of Post:
2007-11-23
Review:
I moved my account from another Swiss broker to forex.ch a couple of months ago. I was at first very disappointed with their delayed execution and requotes, which led me to regret opening an account with them. It has got to be said though that since their latest system upgrade execution is impeccable and dramatically improved. Very happy with them now and have no negative comments to make.
Afzal, Bangladesh
Rating:
Date of Post:
2007-10-30
Review:
Paddy, what Remy is saying is true.I did check with GFX's lawyer, Laurent Winkleman. It also happened to me. They cancelled my profitable trades in GBP/JPY saying there was a misquote, which amounted to $40,000.
Remy, look at page 7, section 2 paragraph 4 of the contract. It says "Any dispute arising from such quoting errors will be resolved on a basis of a fair market value of the currency at the time the error occurred."
There is nothing in the agreement that says that trades can be cancelled for any reason unless each customer has a customized trading agreement, which said this.
Paddy, Basel , Switzerland
Rating:
Date of Post:
2007-07-28
Review:
Making usd 58000 playing on USD/THB within a few day! I take it Remy is working for a competitor of GFX cause I have never heard such a nonesense. If you show me any broker where this is possible I change immediately. I too had some concerns when I saw the regulators auditing the firm but given they are allowed to continue trading (contrary to other examples) is a good sign. I cannot share the negative experience of others on this site - on the contrary, I have been with this broker for over 6 months now and I only had a few issues with them. On the contrary, I feel they have improved substantially operationally as well as from an execution point of view. Then again, I only trade in majors and not during news time.
remy colin, bangkok/thailand
Rating:
Date of Post:
2007-07-04
Review:
I invested 28000 usd and could make a profit of 58000 usd with GFX/ forex.ch, playing on USD/THB, i did about 100 different deals within few days, and despite the fact that sometimes, i could not close the position on time,( real platform very different from live!) i still could make such a good profit. these deals were all confirmed on my statement. after one week, i asked GFX to transfer 50000 usd to me. they refuse and told me that their platform experienced problem and they had to cancel all my deals....this case is now with my lawyer.
their lawyer explain gfx position by saying that GFX did not find any counterparts to my deals...their contract clearly mention that they can cancel any deal... ( se contract page 8) for me they are real crooks. they pretend to be supervise by Swiss Authorities... this is wrong. they are just supervise by polyreg. this concern only monney laundering... i feel sorry i did not know forexbastards before!
by the way. i mlost over 1000usd on EUR/USD. these deals of course have not been cancelled!
Lerakas Libra, EU
Rating:
Date of Post:
2007-06-24
Review:
Do not think that this brokers nicely working demo is the same as the one you are trading live. On the demo I easily made 100% in 10 trading days. So I decided too test Live trading with this firm. Strange things happened from the first trade. Shortly after i started they closed for trading for at least 3 weeks, so I made a total withdrawal, which worked fine. Every broker has två faces the illusive one and the one we have to discover by how their platform reacts in live trading. That might on the other hand be an expensive experience.
loke ck, malaysia
Rating:
Date of Post:
2007-06-18
Review:
Don't believe them,they made the demo so easy to made $,but when you trade on their live platform they show their colours of squessing $ out of you at incredible speed,they off qoute,reqoute,widen the spreads,delaying your entry and exit and many more.I had put up few computers simaltanouesly to verify and also compare the qoutes by other platforms.This to me is definately a scum.We should unite and pass this findings to others.I totally disagree with one of the fellow commenting on improving the speed of internet,this is total bullshit as i had tested them with different internet connectivity with few computers all at the same time!
issa maabreh, jordan
Rating:
Date of Post:
2007-04-27
Review:
I started with $10,000 with this broker,my money diappeared in no time,I could't close any position,their stop loss did't work,you have to click fifty times to get your order executed,customer service is powerless and hopeless,every member of this company is working against you, they try hard to take your money away regardless what u do,their tight spread is a big lie,whatever the say about themselves is ballshit,I did't lose my money,but they took it.
Jamal, Israel
Rating:
Date of Post:
2007-04-12
Review:
I was looking for a broker with smaller spread and i was very delighted to find this forex company, The demo seemed 2 to work fine userfriendly and i didn't hesitate to start with 67,000 dollars.
I turned 300 $ US to 12,000 $ Us in a period of 2 months in a different broker. but the pips is what made me look for another company. However Forex CH real account is not even remotly close to the DEMO account, I was shocked, i lost 14,000 $ when i was in profit of 8,000 but for some reason i couldnt close the positions opened (i have screen shots) that i sent them. I tried contacting customer support while the movment in the the market started to shift, but i was still in profit. I was unable to get any asisstance for 2 hours, only when i was loosing in my position i was able to close/open positions. They indeed tell you they take 2 pips on each trade.which is completly irrelevant if they never give the market pricess and never execute your orders on time. I closed my account after that incident. i indeed lost 14k that night,i went back to my old broker. they take 5 pips but at least wt you see is what you get with them .
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in
foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Spam Notice. To secure your privacy FPA mailing list is maintained and all emails to FPA members are sent through AWeber Communications, Inc. with world stringent Zero Spam Tolerance policy. One click unsubscribe option is included in every email.