FXCH Forex Swiss Review
FXCH Forex Swiss Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this FXCH Forex Swiss Review.
FXCH Forex Swiss Review
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Headquarters: 8 Copthall, Roseau, St. George, 00152
Country: Commonwealth of Dominica
Regulated by: None
Standard account
minimum deposit: $2,000
minimum lot size: 100k
max leverage: 1:1000
Professional account
minimum deposit: $5,000
minimum lot size: 100k
max leverage: 1:1000
VIP account
minimum deposit: $10,000
minimum lot size: 100k
max leverage: 1:1000
Spread: fixed, 1 pip
Platform: MT4
What we think about FXCH
Before you go ahead and sign up with Forex Swiss (FXCH), we need to warn you about something: this is NOT a Swiss broker, despite trying to appear as such (not cool, Forex Swiss, not cool!).
On the contrary – the broker is registered in the Dominican Republic where there is no legislation on forex and OTC derivatives. This means that when trading with Forex Swiss, you are not protected in any way.
If you check out the company’s website, you’ll find out that it is confusing, illogical and super hard to navigate – to the point where one wonders whether this is so on purpose, or is a result of bad web coding skills. Either way, that leaves us with the impression that the broker doesn’t care too much about making things easy for its customers. The Christmas promotion banner that is still on the homepage in the middle of April doesn’t make things easier.
Forex Swiss’ contact page makes the following claim: “FXCH is proud that we conduct business honestly and the company has no complaints from clients”. If you scroll down this very page, however, you will see that the reviews users have left here about the broker contain nothing but complaints – yet another reason for us not to trust anything FXCH says.
Our advise is: think carefully before you open an account with this broker as it might end up being just another bucket shop. Consider yourself warned.
FXCH Forex Swiss Review Conclusion
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