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Crown Forex Crown Forex SA

Crown Forex Broker | Crown forex Review & Rating | crownforex.com Forex Trading

Headquarters: St-Hubert 38, 2854 Bassecourt, P.o.Box 247

Country: Switzerland

Regulated by: Swiss Federal department of Finance

Trader's rate 1
Editor's rate 1.4

 

 

 

 BROKER IS CLOSED

Standard Account:

  • minimum deposit: $2,000
  • minimum lot size: 10k
  • max leverage: 1:100

Mini  Account:

  • minimum deposit: $300
  • minimum lot size: 10k
  • max leverage: 1:200

 




Latest news about Crown Forex

Spread

Fixed spreads: EUR/USD  - 1 | GBP/USD - 1 | USD/CHF - 1 | USD/JPY –1

 Pros

Cons

1 pip spreads

Spreads are fixed all the time, even during news releases

Wide spreads for scalpers

Commissions for aggressive scalpers 

Slippage

Pros

Cons

No slippage during normal market conditions

No slippage during news releases

Slow execution of stop orders during news releases (more than 10 sec)

 Stop orders can't be placed near current market before news

Requotes

Pros

Cons

No

 

 Requotes during normal market conditions

Requotes during volatile market

 

Crown Forex: "The prices that you see in the market watch are indicator price. If these prices are match with our quotation you will get this price; otherwise you will get the re-quote and that re-quote is the fair market price."

Price feed

Pros

Cons

No

 

Many Spikes

 

Platform

Pros

Cons

Metatrader 4.0

Very intuitive and easy to handle

Decent charts

Custom indicators

Mobile ready 

Autotrading restricted

 

 

 

 

Deposit/Withdraw

Deposit

Withdraw

Wire Transfer   

Credit card  

PayPal

MoneyBookers

Western Union

Wire Transfer   

Credit card  

 

 

 

Withdraw takes 7 business days.

Customer service

Pros

Cons

Phone

Request a call

Live Chat

E - mail 

Rude Customer service reps

 

 

 

Summary

Pros

Cons

Fixed 1 pip spreads

Metatrader 4.0

No slippage

 

 

 

Scalping restrictions

Frequent requotes

Rude customer service

Slow execution

Many spikes

Auto-trading restrictions 

Traders` reviews for Crown Forex Add review

Dear clients,

The Swiss Financial Market Supervisory Authority (FINMA) has rendered on May 18, 2009 a decision opening the bankruptcy of CROWN FOREX SA as of Tuesday May 19, 2009 at 08:00 am (Swiss time).

The decision will be published on May 29, 2009 at 10:00 am (Swiss time).

Philippe von BREDOW and Laurent WINKELMANN have been appointed as bankruptcy liquidators by the FINMA.

Effective immediately, as of the date and time of the bankruptcy opening, the activities of CROWN FOREX SA are suspended, the company, its Directors and officers are forbidden to make or receive payments, and all the clients’ open positions are closed.

We thank you to communicate to the liquidators, until June 30, 2009, in writing the following :

1. Account Number and relevant details;
2. Open positions as of Tuesday 19 May 2009 at 08:00 (Swiss time), together with supporting documents thereof;
3. Any additional claim you may have toward CROWN FOREX SA;
4. Any debt you may have toward CROWN FOREX SA.

Sincerely

Philippe von BREDOW - Laurent WINKELMANN
NOTTER MEGEVAND & PARTNERS
Place Edouard-Clapar?de 3
1205 Gen?ve
SWITZERLAND
p.vonbredow@nomea.ch
l.winkelmann@nomea.ch

Bankruptcy 09/06/2009

Crown Forex is being liquidated by FINMA, the Swiss banking regulators. Crown Forex's live support is still claiming that there are no problems.

Bankruptcy 09/06/2009
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