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Crown Forex 1 pip spread
has anyone heard of crown forex broker they say they are offering 1 pip spread. That sounds better than oanda
I wanto to know if thw allow scalping
thanks!!
I'm skeptical......
Their website doesn't even work for me....
If they can't even provide a website, how can they possibly maintain a stable platform?
Sorry, no go.
Says located in Switzerland but domain name registered in Amman, Jordan ?
Anybody tried a REAL account ?
Quote from Graham1:
Says located in Switzerland but domain name registered in Amman, Jordan ?
I just called the number on their site to try and get a demo and it was a mobile phone voicemail. Hah!
They only give a po-box as contact adress. FX is highly unregulated in switzerland. Id say avoid.
Note the contact name for crown forex:
Domain Name: crownforex.com
Registrant:
CROWN FOREX
zxcvbn, asdfgh admin@itcrown.com
amman jordn
amman, amman, 11171
JO
Bill Contact:
Billing, CROWN IT admin@itcrown.com
amman jordn
amman, amman, 11171
JO
5691795 fax: 5657519
Administrative Contact:
Administrator, CROWN IT maens@msn.com
amman jordn
amman, amman, 17337
JO
5691795 fax: 5657519
Technical Contact:
Tech-Support, CROWN IT maens@msn.com
amman jordn
amman, amman, 17337
JO
5691795 fax: 5657519
Record expires on 2008-07-20 00:00:00.
Record created on 2006-02-18 02:05:00.
__________________
"When in doubt, there is no doubt"
Trade agreement
After drilling them for account info they gave me this link below,,
and while reading it it says somthing along the lines that they dont place the trade in the otc forex market its all done within the company or somthing
I dont know how this could be a chop shop of a firm if fxstreet.com has it as one of there suggensted brokers ?
but somthing smells fishy
http://www.crownforex.com/en/forms/...20agreement.pdf
Well, classic "Too good to be true" crap.
They have to trash the MT4 platform, the one I want to use.
Damn, I hope these bastards get theirs later on after screwing people.
Still EFX group....
Yeh right 1 pip on all majors. Why people waist their time, if you want to trade forex you've got oanda and IB, reputable firms with tight spread.
If you want to trade currencies, but not in forex you've got CME fuutres.
2007 will bring FXMarketplace from CME & Reuters, which will be a death o most forex brokers if they do things right.
You can be pretty damn sure they will be trading against you !
spread is too low to offset trades in the interbank market,
the only way is to match customers orders internally but
with such a low spread it's not worth the effort.
Re: Trade agreement
Are you freeking kiddin? Fxstreet has as many or more traps, scams, and beats as any retail forex promotional site. The fact that it dresses well doesn't mean it's less risky for the unwary.
Peddlin' moonbeams and pixy dust pays pretty good I guess, especially with an audience as naive, wishful, and inexperienced as forex wannabes. The poster's inquiry is proof: the retailer at issue holds itself out as Swiss yet operates in the casbah of Amman. And the poster wants to know how it possibly could not square, honest, and totally on the up and up.
Don't know if I should laugh or cry.
Quote from forextiming:
. . .
I dont know how this could be a chop shop of a firm if fxstreet.com has it as one of there suggensted brokers ?
but somthing smells fishy
]
This smells like a scam.
Chood,
Good post.
I think I will soon ignore all forex questions. I and many others posted on numerous threads about what forex brokers truly are, but people are either too lazy to read or choose not to listen. Why would anyone trade forex when you have CME currency futures which are centralized, cheaper and trade at real market and not some webspace where everything, including quotes, is controlled by people who hold your money. My main exposure to trading, besides some fooling around with stocks, was forex. But I spent a lot of time learning about this market, traded it life (with small account), and when I realized what it really is, I moved to futures.
redduke
Re: Trade agreement
Quote from forextiming:
After drilling them for account info they gave me this link below,,
and while reading it it says somthing along the lines that they dont place the trade in the otc forex market its all done within the company or somthing
I dont know how this could be a chop shop of a firm if fxstreet.com has it as one of there suggensted brokers ?
but somthing smells fishy
http://www.crownforex.com/en/forms/...20agreement.pdf
__________________
Fire is hot.
It's called a scam. One pip on all majors guarantees you'll never see a dime.
__________________
"When in doubt, there is no doubt"
Quote from RedDuke:
. . . Why would anyone trade forex when you have CME currency futures which are centralized, cheaper and trade at real market and not some webspace where everything, including quotes, is controlled by people who hold your money. My main exposure to trading, besides some fooling around with stocks, was forex. But I spent a lot of time learning about this market, traded it life (with small account), and when I realized what it really is, I moved to futures.
redduke
check those two links found with google :
http://www.bankier.pl/forum/temat_c...as,2425406.html
http://jaeggi.romandie.com/post/3751/19755
1 pip spread
if this is what they offer then they probably are a Casino and going against their traders trying to push their tradeders to fail in order to win some money...
i don't like this it sounds fishy...
__________________
7 years of trading and counting !!!
How long until someone offers a -1 pip spread. Yeah they actually pay you 1 pip to do the trade. LOLOLOL
And I'm not talking about just a carry trade.
Many would fall for it I bet. 
__________________
Please, I'm not a daytrader, I'm an "Intraday Liquidity Provider"
1-888-TRADEUP
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Please, I'm not a daytrader, I'm an "Intraday Liquidity Provider" 
IF YOU HAVE TO ASK THAT, YOU SHOULD NOT BE TRADING OPTIONS!!
1 pip spread
if you will get 1 pip spread from anyone just think about it man, you are most probably being ripped of somewhere else...
its just not worth the risk...
i think that a good swing trader can make between 50-300 pips per good trade so whay the hell not to pay 2-4 pip per trade as for the spread and be sure no one will be playing with your money...
safty is the most important thing for me as a trader...
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7 years of trading and counting !!!
Try Oanda...their software is alright.
Spread is 1.5 eur/usd....2 usd/jpy....they explain better on the site. oanda.com
I don't think thy will rip you off.
If you have a proble with thinking that someone will rip you off then just go to forex.com or gftforex.com
Oanda
i already tried to work with them...
they give you 1 pip spread on a non fast moving market but when liquidity comes to the market their spread gets widden up and this is not good for me...
i also didnt like thier exacution at Non farm payrolls and market events such as this.
so far i found Forexyard honest anough but i hope they wont be proven wrong i just started with them.
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7 years of trading and counting !!!
crown forex
talk to these guys and they said 1 pip spread on all majors you can trade through news releases and spreads will not widen and there will be no slippage. They must think I was born yesterday. Will definetely be given this company a miss.
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