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  #1 (permalink)  
Old 05-11-2009, 11:10 AM
 

Join Date: May 2009
Posts: 8
Default Swiss Dealing
Dear fellow traders,

Let me introduce you Swiss Dealing, a new FOREX broker based in Switzerland. Swiss Dealing offers unique services with the following distinguished features:
  • No money deposits
  • No minimum trade size
  • Free Java API

Currently, the service is in a public beta-testing phase, which means that money withdrawals are temporally disabled. We hope to go live in one month with a full integration with Pay Pal.

Please, visit our site and post you comments and suggestions in this thread.

Thank you and good luck in trading!
Last edited by alexey; 05-25-2009 at 07:55 AM.
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  #2 (permalink)  
Old 05-18-2009, 04:22 AM
 

Join Date: May 2009
Posts: 8
Default
Let me further add a couple of comments.

About no deposit policy:
Although we do not accept money deposits, we do accept money transfers via PayPal to cover negative balance or to withdraw profits.

Demo/real account:
There is no demo account. Once you have registered, you receive a 100$ margin bonus for live trading. However, note that to withdraw profits you need to verify your account later.

Your feedback is highly appreciated!
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  #3 (permalink)  
Old 06-02-2009, 04:48 AM
 

Join Date: May 2009
Posts: 8
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Dear traders,

Please, find below some further update on our service.
  • Preliminary, beta-testing will continue till the end of June. After that, money withdrawal via PayPal will be enabled.
  • If you want to introduce our service, you can use the referral link provided after registration (check the profile section in the site).
  • In rare occasions some price are N/A. It is done on purpose to protect our clients against random stops when spreads become too wide.
  • Proxy is no yet supported but will be in the next release.

Good luck in trading!
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  #4 (permalink)  
Old 06-02-2009, 05:10 AM
phil838's Avatar
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Location: Arkansas, USA
Posts: 1,783
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Scam!!

I checked out the website and such a broker is illegal under Swiss law.

And if the original poster wants to claim otherwise just post your Swiss banking license number and I'll apologize...
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Old 06-02-2009, 05:24 AM
 

Join Date: May 2009
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Quote:
Originally Posted by phil838 View Post
Scam!!

I checked out the website and such a broker is illegal under Swiss law.

And if the original poster wants to claim otherwise just post your Swiss banking license number and I'll apologize...
phil838,

Indeed, according to the Swiss Banking Law, any company that accepts deposit must have a banking license. Please, note that we do not accept deposits. We allow only for money transfers to cover a negative balance or withdraw profits.

Thank you for your feedback
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Old 06-02-2009, 06:04 AM
phil838's Avatar
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Location: Arkansas, USA
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Quote:
Originally Posted by alexey View Post
phil838,

Indeed, according to the Swiss Banking Law, any company that accepts deposit must have a banking license. Please, note that we do not accept deposits. We allow only for money transfers to cover a negative balance or withdraw profits.

Thank you for your feedback
Incorrect, but it doesn't matter.

Legal forex brokers will always...

1. Accept deposits and withdrawals from a bank, not just paypal.

2. Post a phone number on the website.

3. Have a business model that's capable of legally generating a profit.

4. Have price quotes on their website that are not 4 months out of date.

5. Have a functional registration page that does not generate Internal Service Errors when you sign up for an account.

6. Follow forum rules on forex sites, they will pay to advertise their services.

7. Own their own web servers, not use amazon.com as a web hosting service...

Code:
Tracing route to swissdealing.com [75.101.249.183]
over a maximum of 30 hops:

  1     9 ms     9 ms     8 ms  adsl-70-142-15-254.dsl.ltrkar.sbcglobal.net [70.
142.15.254]
  2     9 ms     9 ms     9 ms  151-164-64-130.uvs.mtryca.sbcglobal.net [151.164
.64.130]
  3     9 ms    10 ms     9 ms  151-164-64-231.uvs.mtryca.sbcglobal.net [151.164
.64.231]
  4    21 ms    20 ms    20 ms  ex1-p2-1.eqdltx.sbcglobal.net [151.164.92.243]
  5   196 ms   226 ms   219 ms  asn2914-ntt.eqdltx.sbcglobal.net [151.164.89.170
]
  6    40 ms    24 ms    50 ms  ae-1.r20.dllstx09.us.bb.gin.ntt.net [129.250.4.3
7]
  7    57 ms    59 ms    58 ms  as-1.r20.asbnva02.us.bb.gin.ntt.net [129.250.3.4
3]
  8     *        *       56 ms  po-3.r05.asbnva01.us.bb.gin.ntt.net [129.250.2.8
7]
  9    56 ms    53 ms    51 ms  xe-9-4.r05.asbnva01.us.ce.gin.ntt.net [168.143.2
32.74]
 10     *        *        *     Request timed out.
 11     *        *        *     Request timed out.
 12     *        *        *     Request timed out.
 13     *        *        *     Request timed out.
 14    80 ms    89 ms    57 ms  ec2-75-101-249-183.compute-1.amazonaws.com [75.1
01.249.183]
Last edited by phil838; 06-04-2009 at 09:28 AM. Reason: spelling
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  #7 (permalink)  
Old 06-02-2009, 06:51 AM
 

Join Date: May 2009
Posts: 8
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Quote:
Originally Posted by phil838 View Post
Incorrect, but it doesn't matter.

Legal forex brokers will always...

1. Accept deposits and withdrawals from a bank, not just paypal.

2. Post a phone number on the website.

3. Have a business model that's capable of legally generaing a profit.

4. Have price quotes on their website that are not 4 months out of date.

5. Have a functional registration page that does not generate Internal Service Errors when you sign up for an account.

6. Follow forum rules on forex sites, they will pay to advertise their services.

7. Own their own web servers, not use amazon.com as a web hosting service...
Legal forex broker is a broker that is in compliance with laws of the country it is registered. This is the only definition which I know.

We are still beta and that explains some of the points you have mentioned (errors, hosting and so on). I am really surprised about your remark on quotes. Please, indicate which quote is 4-month old.

Our business model is viable though different from what you can see elsewhere. In particular, we are targeting small clients. Therefore, we accept only PayPal and do not provide a phone number as service costs will be too high. Instead, we have a contact form and try to answer any request.

I understand your concerns but most of your remarks are driven by your experience with other brokers. We admit that our business model is different, which does imply that it is illegal.
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  #8 (permalink)  
Old 06-02-2009, 07:12 AM
phil838's Avatar
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Join Date: Aug 2008
Location: Arkansas, USA
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Quote:
Originally Posted by alexey View Post
Therefore, we accept only PayPal and do not provide a phone number as service costs will be too high.
If you cannot afford a phone then there is no way you meet the Swiss liquidity requirements to be a forex broker, hence you are not legal.

I've heard a lot of nonsense from scammers before, but this is by far the funniest. I saw a homeless guy with a phone the other day. They aren't that expensive.

I've said enough that no one is going to fall for your scam now, so I don't need to prove anything else.

As for your quote problem, just call your IT guy and... oh wait, sorry... I forgot you can't afford a phone.
Last edited by phil838; 06-02-2009 at 12:16 PM.
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  #9 (permalink)  
Old 06-02-2009, 09:58 AM
 

Join Date: May 2009
Posts: 8
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You are right. There is no reason to continue this discussion as you are not sufficiently qualified to make statements you are making. Just to illustrate the simple economic argument, think about that: PayPal does not have phone service.
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  #10 (permalink)  
Old 06-02-2009, 12:12 PM
phil838's Avatar
FX-Men Honorary Member
  

Join Date: Aug 2008
Location: Arkansas, USA
Posts: 1,783
Default
Quote:
Originally Posted by alexey View Post
You are right. There is no reason to continue this discussion as you are not sufficiently qualified to make statements you are making. Just to illustrate the simple economic argument, think about that: PayPal does not have phone service.
That's odd, because my wife has called Paypal customer service before...

I went to Paypal, typed "phone" in the search box, and found this in less than 5 seconds...

PayPal Customer Service:

1-888-221-1161

4:00 AM PST to 10:00 PM PST Monday through Friday
6:00 AM PST to 8:00 PM PST Saturday and Sunday

Got any more asinine comments??
Last edited by phil838; 06-02-2009 at 12:19 PM.
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