TRADEX SWISS AG SCAM CASE

Can you say "B U C K E T T T T " ???? These guys are the worst - there is a picture of "Tradex Swiss AG" next to the word "Bucket shop" in the Webster Dictionary . . . Man . . . It all started late December when I was shopping around and trying to find a broker with Meta trader platform and direct execution and one PIP??? Their sales people were posting and luring people from several forex boards just like this guy here. I responded. Some girl name Maria kept insisting and pushing to open a live account before the demo can be tried. During this time They were going through some major trouble with NFA - in fact their NFA membership was revoked, due to some bad accounting practice on a specific client - "stealing". Client responded - NFA cought them with pants down. I hear they are reapplying for NFA membership. When I inquired about this, each person said something different. One of the manager said there was a mix up with name and the Tradex in trouble with NFA was a different company that happens to have the same name????? They must think we are stupid. How long does it take to varify this? That's right a few minutes.

These guys are like a bunch of used car salesman - they will say anything to get their hands in your pocket. They were luring people by saying"We will match your fund when you open an account and you will have twice the amount to trade with" - 1:200 leverage.

They made me open an account and said $5000 minimum to get the new 1 PIP platform - then they said the minimum is $35000. They said any trading style is welcome - then started moaning about scalping . . .The salespeople kept saying I have to open a live account to even try the1PIP demo. I go through nearly 40 page long contract and the entire process of opening an account - and still no demo -then I called and talked to the admin/not sales and she says I didn't have to open the live account to try the demo. After going back and forth for four months and finally their precious 1 PIP platform is ready, I went through hell to even try it. What a disappointment . . . . Once again . . . bullshhhhiittt . . . . Their commission is equal to 2 PIP, then add 1 PIP spread = 3 PIP. So what is the difference between this and their old 3 PIP platform? Absolutely none. Here again they are trying to fool people like they did with the "Matching fund bullshit". Because I invested so much time into this I took the time and got close to one of the guys working, explained my experiences, and asked him a few things. I found out that they don't have a single $35000 account. Folks they deal with small clients, encourage trading on 200 leverage - so they can steal their money. That makes it very easy for them to show your account is depleted of fund and account is closed. This bucket shop doesn't have what it takes to get serious traders account. They claim the tightest spread but then charge you 2 PIP commission, at the end you are paying 3 PIP. That is not tight. Brokers that charge commission have direct execution, no spread - only the real difference between bid/ask, sometimes the difference is 1 pip sometimes the difference is 0 PIP, they do not add a 1 PIP spread, they make their money in commission, and the commission is $5 or less for a $100K traded, not $20. Do your math it is same as 3 PIP spread. What really bothers me is that everything these guys said have been lies - at least most of it. They contradict each other and you will see and feel that they are bullshitting with you. Can not trust them. Even after all the trouble with NFA they haven't changed their mentality. Oh. . . what is the automated forex trading investing mumbo jumbo in their site? Read through the 40 page long agreement (most people don't) and you will say that they have created a lot of loophole - something about using my money to make their trade??????? I dare you Tradex sales guy to answer. You know I have taken the time to dig deep and.

Folks I have tried hard and spent a lot of time to find the perfect broker. And Tradex is absolutely at the bottom - I mean no135 out 135. serious. I like Meta trader platform so I wanted a broker with meta trader and tight spread and direct execution (NO dealing desk) - none - truth is Meta trader can only connect to a Meta server and is designed specifically for brokerage firms running a dealing desk. One of my account broker EFX Group tried for months to integrate meta trader but failed. These guys simply designed an API (short script) to connect to a data feed other than meta server. Anyone can do that - they are using that as gimmick but wacking the other 2 PIP under commission. If you want meta trader understand it will go through dealing desk=minupulation.

Or pay 3 PIP equivalent overhead on each trade. That mens no scalping . . . Even the 1 PIP/meta trader swiss broker Crown Forex also marked as "bucket shop" is much better than these guys.

They advertise 1 PIP and you get 1 PIP no commission or anything else. They are not bullshitting with people but they won't let you use scalping as your strategy - meaning they with allow trades here and there with 2/3/4 pip profit but not all the time.

Anyway hope this helps, I simply invested too much time disecting all this to be used only for myself. Stay away from Tradex untill they learn how to speak truthfully and loses the mumbo jumbo attitude.

TRADED SWISS AG SCAM CASE

To the Gentlemen from Canada and San Diego. Go and try to maked a withdrawal right not from Tradex and see how long it takes. I am sure you will give it a "scam" rating after you learn the truth. Try using live help , its more like dead help. Try calling after the market is closed. They no customer service , no tool free number , if you need to wire out you need to fax the request to Switzerland. Make the CEO angry enough and he will use profanity on you. What good is your so called 8 - 10 per month if the money is non recoverable. You will never see these folks at a Vegas Trade Show, their small potatoes and from my view , it looks like another REFCO.