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David D.

May 5, 2009

Hi BG!

Thank you so much for checking other possible ECNs with the highest leverage. I checked out the ECN websites of "FinOdds" and "SFXB". I noted that "FinOdds" has no customer support number, while the "SFXB" is in Cyprus and has the Swiss customer support numbers! Has anyone had any trading experience with these two ECNs? I feel very uncomfortable to open an account with a brokerage with no U.S. customer support numbers. What do you think BG?

Best regards,

David D.
mentorwiz@gmail.com

BrokerGuru

May 6, 2009

Hi David,

I have no experience with those two brokers.
Here is, however, what I know about them:
SFXB - SwissFXBroker is in fact an Introducing broker, which is not registered with NFA. I've send a request lately to learn who is their primary broker.
Update: for some reason this broker doesn't want to tell about its affiliation partners. They do not answer direct questions professionally. Also I found that other feedbacks online, which indicate that other traders had difficulties learning the truth about this broker as well.

FinOdds is not registered with NFA either, has absolutely no info about company, no address, no customer support numbers. On the top of that their customer support system, where you have to submit a ticket is rather dead... Out of 4 requests I got no replies at all for more than 2 months now...
Should I add something about the comfort level at this point..? I think no.

trader

July 12, 2009

Someone has information about the broker Finodds? I'm looking your website and I can not find information about the company. It says nothing about regulation.

trader

July 13, 2009

Doubtful ECN brokerage, not regulated.

Never got a reply from this broker.
Their customer support ticketing system is useless. It haven't solved any questions and I received no replies to my numerous questions in months. Anyone having luck or knows how to contact them besides their online form, please kindly share the knowledge.
Anyone living in Costa Rica, please pay them a visit, may be there is no one already there... I can't explain the non-existence of client support as well as non existence of any essential information about trading conditions as well.

trader

December 25, 2009

Any improvements as of today?

trader

April 8, 2010

Fin-odds is actually 200:1 leverage
and they refuse to go over it
and said disreputeable brokers offer more than 200:1

BrokerGuru

April 9, 2010

Thank you for the update.
I don't agree with their statement about disreputable brokers, however. A trader can comfortably manage account with any leverage; what matters is the size & amount of lots a trader trades, regardless how high/low is his/her leverage.



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