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FXTSwiss Forex Broker Review

by forex on July 14, 2009

About FXTSwiss Forex Broker

fxtswiss-forex-brokerFXTSwiss Forex Broker is based in Switzerland, and the company as a whole is very new to the online forex trading scene. Although FXTSwiss Forex Broker is from Switzerland, they are not regulated by any financial body, something most investors who are looking into New Zealand-based forex brokers are not very keen with.

FXTSwiss Forex Broker offers no swaps, meaning that Muslims can trade with them. Due to the fact that FXTSwiss Forex Broker is very new to the online forex trading industry, they need to work a lot on their reputation. So far, clients are complaining about how the customer service of FXTSwiss Forex Broker seems to be lacking. There are a couple of criticisms regarding how their 24 hour online customer support is always unavailable, and that phone calls take some time to be answered. Investors are also not pleased with the holding period when it comes to withdrawals, as one needs to wait for a month or two from the date of their initial deposit.

Basic Broker Details

Site http://www.fxtswiss.com
Country of Origin Switzerland
Accepted Deposit Modes Any major credit card and bank transfer
Withdrawal Method Bank transfer
Leverage Maximum of 1:400
Regulation Body Not regulated
Spread 1 pip (EUR or USD)
Minimum Account Requirement $2,000

Pros of FXTSwiss Forex Broker

* Muslim-friendly forex broker, no swaps

* MetaTrader 4 support

* 1 pip spread

Cons of FXTSwiss Forex Broker

* Big minimum initial deposit

* Needs to work on answering client queries and grievances

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