FOREXSWISS

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Advantages:

Not found

Disadvantages:

Not found

About company:

Forex-Swiss (FXCH) was registered as the Foreign Exchange Clearing Center in the Dominican Republic in January 2004 (registration number 9126). Positions itself as a broker that focuses on trading bitcoin and other cryptocurrencies. Offers 16 types of cryptocurrencies and 50 currency pairs for trading on three types of accounts. Trading in metals and oil is also available.

Capital security

Before registering with Forex-Swiss, you should note that this is not a Swiss broker, as the name suggests. Moreover, the company is registered in the Dominican Republic, where there is no Forex or OTC derivatives legislation. This means that when trading with Forex Swiss, clients and their funds may not be fully protected.

Trading conditionsMinimum deposit

Forex-Swiss offers three types of accounts: Regular, Professional and Institutional. The minimum deposit for the first type of accounts is $ 2000, for the second - $ 5000, for the third - $ 10000. These initial fees are quite high. A demo account is also available.

Average spreads and commissions

Forex-Swiss offers no commission trading and tight market spreads from 1 pip.

Maximum leverage

The maximum leverage varies depending on the instruments used for trading. When trading Bitcoin, the leverage is 1:10, when trading Forex instruments - 1: 1000.

Trading platform

Forex-Swiss supports the industry-standard MetaTrader4 (MT4) platform, as well as a mobile version and a desktop version.

Payment methods

The following payment methods are available for Forex-Swiss clients: credit / debit cards, bank transfer and electronic wallet systems Skrill, WebMoney, ePay and others.

Criticism of traders

There is a lot of criticism on the web from traders who have traded with this broker. The company's website itself contains only positive reviews, which are similar in content and style of writing to custom ones. Apart from the allegations of fraud, the significant disadvantage is that the company is not regulated by any relevant authority.

Pros:

extensive work experience (15 years); no commissions; a wide range of cryptocurrencies.

Minuses:

lack of regulation and insurance of customer funds; high initial deposit; bad reputation on the internet.

FAQ - BROKER QUESTIONS FOREXSWISS

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Can the broker FOREXSWISS be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. FOREXSWISS received a rating of 1 out of 5 on our resource.