Quote:
Originally Posted by forex savior
The lesson? Avoid unregulated Swiss Brokers. The following Swiss brokers, like Tradex Swiss Ag, are not regulated:
WestCapFX
ACM
MIG
DukasCopy
GFX Group (Forex.CH)
Crown Forex
Forget the fancy sales pitches. Forget the Acronyms of the anti-money laundering organizations they belong to. Forget the spreads or the rolls or the foreign currency bank accounts they have. Ask them a simple question: Are you regulated and if you are please provide me with your registration number and a link where I can go and independently verify that you are indeed regulated. Absent that stay far, far away from Swiss Forex Broker Dealers. It just isn't worth the risk.
|
Interesting, that you would recommend not to trade at these firms and highlite the fact that they are not regulated, since one of them
ACM are actually one of the Sponsers here at babypips.
Would be interested to see whether you could start and maintain a thread over here, saying to stay away from
ACM, and trade with the other companies that are regulated !!