EarnForex — Helping Traders Since 2005
What is Forex?
Forex for Dummies
Forex FAQ
Forex Glossary
Forex Articles
Forex Blog
Forum
PayPal
Moneybookers
LiteForex Forex Broker
InstaForex Forex Broker
eToro Forex Platform
FXcast Forex Broker
Forex Resources
<< Back to Forex Brokers List

FXCH — Forex Broker

FXCH:

Company: Foreign Exchange Clearing House Ltd
On-line since: 2004
Country of origin: Switzerland
Regulation: Unregulated
Payment options: WebMoney, AlertPay, wire transfer
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:500
Spreads: 1 pip on EUR/USD
Rating:
2.8/10 with 37 votes

Rate broker — FXCH:
Categories: MetaTrader Forex brokers
Forex brokers with CFD trading
Muslim Forex brokers
WebMoney Forex brokers
Opinions: See FXCH reviews.

Advantages:

  • MetaTrader 4 platform
  • Muslim-friendly Forex broker
  • Tight spreads with high leverage

Disadvantages:

  • No overnight interest
  • Minimum account size is rather high
  • U.S. citizens can't join

Click here to open an account with FXCH


Reviews:

9 reviews of FXCH are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


Eugeny from Romania06/03/2010

I'm using Forex-swiss.com for almost a year. Great 1-2 pips spreads and they fill my orders extremely fast. Very important to me they send funds back in the same day of withdrawal.


Thomas from Australia04/16/2010

For the Demo account FXCH is using 1 pip.

For the Real account FXCH is using 21 pips.

Careful.


Pieter Vermaak from UK01/28/2010

Please warn people that FXCH are a scam.

I have lost money today where they have manipulated the prices ( I used another real live account of another broker ).

They do not put real money into the market and forces people to lose the money so they pocket it!

PLEASE PLEASE WARN PEOPLE !


caly from Italy11/30/2009

FXCH - Foreign Exchange Clearing House - http://www.forex-swiss.com/

is a broker who steals money to traders:

- Slippage are very high;

- not refunded money after the closing account.

are therefore of the robbers.

Not publicized more this broker villains.

After the questions no longer respond to e-mail.

Not respond to chat.


Raimundas from Lithuania11/30/2009

Recently I tested this broker. I've been scammed and I can prove it!

Live account and demo have two different quote-feeds and live quotes are manipulated (see the file: http://rapidshare.com/files/286650693/ManipulatedQuotes.xls ).

Executions on live account takes 10 secs on average.

Additionally, 7 of 11 my orders executed with huge (about 15 pips) slippages. By opening and by closing all my orders I used an "Enable maximum deviation from quoted price" feature combined with "Maximum deviation=0 pips". Therefore, all executions mentioned above are illegal (You can see attached files here: www.forexpeacearmy.com/forex-forum/scam-alerts-folder/4415-forex-swiss-com.html#post21433 ).

Finally I cannot withdraw remaining funds...

Do yourself a favour and stay well away from this brokerage.


YoJo from Singapore09/06/2009

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


Matt from Singapore09/05/2009

FXCH = SCAM (No free lunch. 1pip spread is a SCAM)

I am running several selected broker by reviewing this site: http://www.100forexbrokers.com/

Low Spread, Allow Scalping, etc.

I selected FXCH, ITFX, Tadawul, FOREX.com, FXCM, FXDD, FXPro, IBFX, Alpari UK.

With deposite USD10,000 after 1 month (07/07/09-02/09/09).

Stredegy with RUNNING FAPT:

(EURCHF> LRR=55, EURGBP> LRR=11,MaxSpread=4,USDCAD> LRR=10, GBPCHF>LRR=10, MaxSpread=10),

MD (EURUSD), IvyBot (USDJPY,EURJPY,EURUSD,USDCHF).

Result Ranking:

Winning:

1-FXCH =USD 30,874 (200%+) WOW!!!

2-ITFX =USD 13,760 (30%+) Comission 1pip=USD10

3-Tadawul =USD 13,362 (30%+)

4-FOREX.com =USD 11,511 (10%+)

5-FXPro =USD 10,293 (2%+)

6-Alpari UK =USD 10,108 (1%+)

Lossing:

7-IBFX =USD 9,538 (-4%+)

8-FXCM =USD 9,387 (-6%+)

So, I ignored about the FXCH bad comment on FPA as:

http://www.forexpeacearmy.com/public/review/www.forex-swiss.com#site_submit_form

And Deposite USD 2,000 (min.) to try FXCH live account on 02/09/09. (Thaz Idiotic).

I trade with FAPT (EURCHF> LRR=55, EURGBP> LRR=11,MaxSpread=3,USDCAD> LRR=10, GBPCHF>LRR=10, MaxSpread=10),and MD (EURUSD).

I lose USD 800 in the 1st day. All lose.

But the demo account of FXCH with USD 2,000 deposit That I run parellely All Win . Got USD 300.

Conclusion: FXCH is a SCAM. My acc number is 3xxx. meant only 3000+ people is using FXCH? I dont know. I am going to Deposit nicer name broker of Tadawul or Forex.com. Believe the advice from forum. Or lose money like a idiot just like me.


wolfgang from Germany from germany07/07/2009

FXCH is a fraud. They move the market against you, sas soon as you enter an order and they block the order to have a spread of more than 15 pips!! At all cost stay away!!!1


Cserny Kalman from Hungary05/05/2009

Very bad broker! On demo very fast, but live account very-very slow.

Rate not real, differ from real rate -15, +20-25 pip. Not recommend nobody!



To submit your own Forex Broker review for FXCH fill the form below. Your review will be checked by a moderator and published on this page.

By submitting a Forex Broker review to EarnForex.com you approve that you grant us a right to publish and change this review at no cost and without any warranties. Reviews with the invalid e-mail address will be rejected.

Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.

Attention! This is NOT a Broker's contact form. You CAN'T contact FXCH via it. The form below can only be used to post a review of this Broker.

Your Name:
Your E-mail:
Where Are You From?
Review Text:
CAPTCHA
Image code:



© 2009—2010 EarnForex.com
Forex Bonus — your source of fresh Forex promotions, bonuses and contests. Don't show me this offer ×
Сайт управляется системой uCoz