FXCH

Foreign Exchange Clearing House Ltd

FXCH - Forex Broker

Broker nameFXCH
Company nameForeign Exchange Clearing House Ltd
Online since2004-01-01
Site urlhttp://www.forex-swiss.com
CountrySwitzerland
Minimum account size2000.00
Minimum account size currencyUSD
Minimum position size0.100000
Maximum leverage500
Maximum leverage description1:500
Spread levellow
Spread description1 pip on EUR/USD
Is regulatedNO
Regulation descriptionUnregulated
Easy registrationYES
Votes count65
Rating4.80
Email

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Advantages

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

Disadvantages

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

Payments

  • AlertPay
  • WebMoney
  • Wire transfer

Categories

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11 Reviews

  1. Thomas:

    They use a different price than other brokers. For instance, of a price for EURUSD is 1.816, they will give you the price of 1.800. So, you lose 6 pips with them. Warning! I do recommend to trade with them.

  2. Eugeny:

    I have been using them for a year now. I like them because of their great 1-2 pips spreads. They are fast at orders execution and I usually get the money on the same day I requested them.

  3. Thomas:

    Yeah, you will get like 1 pip for demo account and 21 pips for real account. Stay away from them!

  4. Pieter Vermaak:

    FXCH are scammers! Because they have played with the priced I lost lots money today! I compared the priced with prices of other broker I use. Please do not trade with them!

  5. caly:

    FXCH – Foreign Exchange Clearing House – http://forex-swiss.com/
    This broker tends to stealing traders’ money. slippage are way too high. You will not see you money after your account is closed. This broker is a thief! They will not reply on your email. The same for chat.

  6. Raimundas:

    I have recently checked this broker out. They are scammers and I have proofs on that! Demo and live account have different quote-feeds. Real account is always manipulated.
    Here is the file: http://rapidshare.com/files/286650693/ManipulatedQuotes.xls. The execution is long (about 10 seconds on average). 7 out of 11 of my orders experience huge slippages
    I used an “Enable maximum deviation from quoted price” feature to close and open my trade as well as combined with “Maximum deviation0 pips.” Every executions described above is illegal. Please see the file:
    forexpeacearmy.com/forex-forum/scam-alerts-folder/4415-forex-swiss-com.html#post21433.
    And now I have problem to get my money back. If you care of yourself, do not trade with this broker.

  7. YoJo:

    Sorry, but I truly believe that FXCH is a scam. You can go through mu live and demo account to compare. They lie that they provide 1 pip spread for all major currency pair. You will meet lots of requots and delays and this will be the reason for losing much money. I knew I should not have stick with them. Please, do not repeat my mistake!

    http://img145.imageshack.us/img145/1328/fxch.png

  8. Matt:

    FXCH is a scam (there is no 1 pip spread for live accounts)
    I have chosen several brokers to trade with from http://100forex brokers.com/
    I wanted the broker which offer low spread, allow scalping, an others.
    I have chosen FXCH, FOREX.com, FXPro, ITFX, Tadawul, Alpari UK, FXCM, FXDD, IBFX.

    With deposit $10,000 after one month.
    Strategy with RUNNING FAPT:
    (EURCHF> LRR55, EURGBP> LRR11,Max. Spread4,USDCAD> LRR10, GBPCHF>LRR10, Max. Spread10),
    MD (EURUSD), IvyBot (USDCHF, EURJPY, USDJPY, EURUSD).

    Result Ranking:
    Winning:
    1-FXCH $ 30,874 (more than 200%) WOW!
    2-ITFX $ 13,760 (more than 30%) Commission 1 pip $10
    3-Tadawul $ 13,362 (more than 30%)
    4-FOREX.com $ 11,511 (more than 10%)
    5-FXPro $ 10,293 (more than 2%)
    6-Alpari UK $ 10,108 (more than 1%)

    Losing:
    7-IBFX $ 9,538 (less than -4%)
    8-FXCM $ 9,387 (less than -6%)

    So, I decided not to take seriously bad comment on them on FPA like:
    http://forexpeacearmy.com/public/review/forex-swiss.com#site_submit_form

    I deposited with them $2,000. I trade with FAPT (EURCHF> LRR55, EURGBP> LRR11,Max. Spread3,USDCAD> LRR10, GBPCHF>LRR10, Max. Spread10), and MD (EURUSD).
    I have lost $800 with my live account in the first day, but saw the opposite situation in y demo account. I won $300 in my demo account.
    The only one thing that I can tell about them is that they are a scam. I have an account number 3…..What is that? Just around 3000 people use their services? I am confused. I will be trading with other brokers like Forex.com or Tadawul. Please pay attention to the review, or you will lose your money.

  9. wolfgang from Germany:

    FXCH is a scam. You will only see the price moving against you. You will have problem to close your trade as they will hold it until you lose! By all means, stay away from them.

  10. Cserny Kalman:

    This is a horrible broker! Demo is totally different than live account. They do not give real prices with difference of about 15-20 pips. Stay away from them.

  11. Pinarto:

    FXCH is SCAM.
    they banned my account.
    How should we do?
    I lost $40000 plus $20000
    A few weeks ago…….June 2012
    Please give me a solution…..
    [email protected]
    Thanks

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