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Headquarters: 8 Copthall, Roseau, St. George, 00152
Country: Commonwealth of Dominica
Regulated by: None
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1.4
Account Info:
Fixed spreads: EUR/USD - 1 | GBP/USD - 1 | USD/CHF - 1 | USD/JPY - 1
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Pros |
Cons |
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Low fixed spreads No Commissions |
No
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Pros |
Cons |
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No slippage under normal market conditions
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Slippage during news releases
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Pros |
Cons |
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Max Deviation feature
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Requotes under normal market conditions Impossible to make a deal during news releases |
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Pros |
Cons |
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No
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Spikes Suspect of price manipulation and stop-hunting |
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Pros |
Cons |
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Metatrader 4.0 Very intuitive and easy to handle Decent charts Autotrading Custom indicators Mobile ready |
Platform freezes during major news releases Trailing stop is server based No Web Platform
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Deposit |
Withdraw |
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Wire Transfer WebMoney |
Wire Transfer WebMoney |
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Pros |
Cons |
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No
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Once account opened, it's hard to contact customer service
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Pros |
Cons |
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Low fixed spreads Metatrader 4.0
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Terrible requotes Terrible price feed Platform looses connection No regulation |
Add reviewThis is not broker !!!
This is GRABLER !!!
Attention for everybody - Not openng there live account !!!
Worest "broker" in the world !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Sorry for my english, i translate by Google.
I opened an account with FXCH October 7, 2009 and I sent $ 2,000 with credit card from the website (Whom I have sent?).
I noticed that:
- There are differences between demo account and live account;
- Live account within your volumes are very low;
- The minimum is not 0.10 but 1.00 lot;
- to 4 cross the minimum is even> 1.00 lot (AUDNZD = min 4.5 lot (instead of 0.10 ???); EURNZD = min 2.00 lot)
- Historical data full of holes, not to be used.
So unreliable broker, in addition to the negative reviews that I read in various forums.
Therefore, I have made any trade.
On November 3, 2009 I sent the form to close your account and receive 2000 USD - 20 USD for the closure (as signed form whitdrawal) = 1980 USD.
The day after entering your account, I noticed that was not 2000 but 1820 usd.
I sent an email and they said that the closure of the account with a credit card was $ 100 and no $ 20, up 4%
payment fee by credit card = 80.
So according to them 2000-100-80 = 1820.
They told me that they have shipped, but I still have not received anything to date.
They replied that they sent to their bank to my e-mail to investigate.
It 'been nearly 1 month.
I no longer respond to e-mail;
not respond to anyone in the chat to their site.
FXCH STEALS MONEY TO TRADERS
ARE THEREFORE OF THE ROBBERS
---=== FXCH = S C A M ===---
It took me two days to see that these guys are the greatest scammers in the whole forex world. No slippage, no re-quotes, fixed spread and instant execution. HaHaHa / LOL. That?s true on their Demo but not on their Live account. Take a 5 Pips spread but be honest and don?t play with the hard earned money from people. Used exactly the same strategy and executions on Demo & Live.
Results Demo: 20 Trades 20 Wins 0 Loses (750$ Profit)
Resuls Live: 20 Trades 13 Wins 7 Loses (387$ Lost)
AKA, Forign Exchange Clearing House, are blatant Stop Runners!!!
DO NOT USE FXCH!!!!
-They Run Stops (even up to 50 pip spikes)
-They manipulate price (30 pip shift over 2 hours)
-They are slow to take and exit orders (Up to 1 minute delay then requote)
-They do not answer their phones
They will repeatedly spike 50+ pips just to take your stop out then go back to normal. If you try to re-enter they just do it again! Also be aware that their live data feed is in no way the same as their Demo feed. Trading forex is hard enough without having to fight people like this.
Do yourself a favour and stay well away from this unethical brokerage. Look at everyone else's posts, FXCH is bad news!
Sorry, I should rate FXCH as SCAM.
Please review my Demo and Live account with FXCH. No free lunch. 1 pip spread for all major currency pair is a SCAM. Live account will delay and requote to make you lose money.
I knew my result is idiotic. But please don't ever try to deposit (min. USD2000) to them or you will burn you money. SAD :(
http://img145.imageshack.us/img145/1328/fxch.png
2 words - STAY AWAY. Don't be deceived by the low spreads. All your orders are requoted after much delay - when the price has moved against you. When you want to close a trade, that again is delayed until the close price is well against you.
You can play with their demo. But please DO NOT OPEN ANY LIVE ACCOUNT WITH THIS BROKER.
I opened a buy trade GBPUSD at 149.28, for more than 20 minutes, the price movement on the Forex-Swiss chart did not go above 149.27, whereas on their demo account as well as on 4 other brokers, the price has moved well above 149.45. What do you call that.
Also, when I decided to close the trade, it took well over 45 seconds for their dealing desk to accept my request. Remember they claim there is no dealing desk.
You risk your well earned cash with this brokers. My advice to fellow traders is that only open LIVE accounts with brokers registered in the UK and US; and make sure they are regulated by these country governing bodies. In the UK it is the Financial Service Authority; and in the US it is the CFTC and the NFA.
Happy trading
Stay away.....final answer. After they emailed me and said that both demo and real accounts work the same I opened a live account....lost my account in 8 transactions over two evenings and price spikes several pips in wrong direction. When I did my first transaction I could not select lower than 1.0 lot trades before emailing them and then all was corrected! Beware........
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