FXCBS - FOREX Central Brokerage Services reviews




Average: 1.8 based on 8 reviews
1.75
FXCBS
FXCBS - FOREX Central Brokerage Services broker reviews

Follow discussion about FXCBS


  • Website: www.fxcbs.com
  • Year since: 2007
  • Headquarters: Tortola, British Virgin Islands
  • Company registration: Fienex Group, British Virgin Islands
  • Regulation: Not regulated.

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REVIEWS & RATINGS

Rating interpetation



Germany

September 18, 2011



6 Years Total
3 months real with this Broker
1


FXCBS SWINDLERS !!!!!!!!!!!!!!! They came to throw me and two friends.

Do not fall ..

08/02/2011, I filled up an account with 3900 €. The first week so far set up the robot, it has lost more than 50% of the deposit, but then when set up, then went to a good profit and at the end of the second week, I blocked the trading account and then cancel all transactions that were all after August 14. In this email write all anuliruetsya without any explanation or warning and say trade with more success.
A friend's hand with a decent volume of transactions also cancel hung 25 lots. Now would be a profit of more than 25 000 €

...................................

FXCBS Accounts Dept. accounts@fxcbs.com through smtp.com

August 23, 2011 17:55
FXCBS - Important Notice
smtp.com

Dear Andrej,

We regret to inform you that after investigating the discrepancies between your account and the liquidity provider,
we concluded that none of your orders was honoured by the bank since the 15th of August 2011.
Therefore, the account was rolled back to the same status as was on 14th of August 2011.
You may now commence trading on your account.

We wish you successful trading.

Kind Regards,

FXCBS Accounts Dept.
accounts@fxcbs.com
FXCBS | Fienex Group

After that they may once did not respond to my email. I wrote three email and chat.

AN: finance@fxcbs.com,
compliance@fxcbs.com
August 26, 2011 16:52
withdraw
googlemail.com

Good morning.

I send you a request to withdraw 19 000 EURO from my account 2212924 which I earned by your broker.

If I do not get their money within the next week,
I will consider myself obliged to inform their opinions about your work with clients
to all persons interested in working in the financial markets,
that may suffer from cooperation with your company (the main site, about 350 forums and blogs devoted to investments and working on the Forex market.)
This way you not only hurt the reputation but also the further prosperity.
The same will apply to the peace army at your place of registration statement with the fraud and that criminal proceedings are instituted

PS: If you are the first in this market I would like to enlighten you to the next.
When the transaction is approved at a specified price on a real broker, then that price is in the market.
This is your problem that could not bring the transaction to the bank. Platform accept your orders, then took my broker a deal and fulfilled.
and the fact that you pulled out of the socket server that translates the transaction to the market this is your kitchen affairs.

I hope for your reasonable act

Andrej

.................................................. ..................
Since he received no answer, he wrote as much time to chat, but no action was not totally on their side. Since it is not seriously not to react in any way the customer was taken after my
profits.

All reports and screenshots are available at scambroker@googlemail.com


USA, Bigdog

July 1, 2011



7 yrs Total
2yrs live with this Broker
1


Time and time again they let slip entry and exits levels, the last one my entry was pushed 50 pips and then entered into a trade which ended up in a loss, the journals log showed correct entry and exit but thier system did not close the trade at all. They blame the market makers and not thier own system. (I had the same trade setup on 2 others brokers and the trade was a great success)


Ty

February 9, 2010



2 years Total
1 week with this Broker
2


Be cautious about the MT$ platform with this broker. On the demo account I had my trades wiped out at 00:01 gmt at my stop loss rate when the trades were 50 + pips below . Result was not good and after contacting them their suggestion was to email the ticket numbers and the demo dispute tech would get back with me. Good thing it was a demo account or 2K would have been gone while they looked in to the reason their platform wiped out the account. Still waiting and curious what happened....

Ty


Arthur Beck

November 20, 2009



5 years Total
2 MONTHS with this Broker


Update to earlier comments: I have used their platform(Demo), until they cut me off....60 days. They seemed to have fixed former problem of platform going down as I had no further problems. They also have their Dubai regulatory approvals in place they say. I love the speed of an STP or ECN type broker and they are great for this. As mentioned they must have good liquidity because their variable spreads do not change all that much in low volume hours, such as Forex opening at New Zealand......unlike Varengold where I have seen spreads go up in the 20s during this time. There still remains the question of prompt payment requests which I cannot address of course. But it seems there is still a problem as reported on FPA (Forex Peace Army). The company also comments there and claims the problem is solved. However I will not open a live account nor recomment them until I see positive comments about this from live traders that can be confirmed. Arthur Beck


Kevin, US

August 28, 2009



about 5 years Total
demo with this Broker
3


Good spreads, quick straight-forward support, always helpful.
They now accept Us clients too.
Regultaory status is what's keeping many of us alert, but according to my latest conversation, we are abou to get a regulated broker:
...
Kevin: could you please also give me an update on your regulatory status?
FXCBS Support: Our registrations with the DGCX(Dubai Gold & Commodity Exchange), DMCC(Dubai Multi Commodities Center) and SCA(Securities and Commodities Authorities)are in its final steps, we are setting up our Headquarter in Dubai.
Kevin: ok, so when should I expect it to be done? any approx dates?
FXCBS Support: On the next month ( September )


Arthur Beck

July 23, 2009



5 years Total
2 weeks...demo with this Broker


This broker just moved from the US to Dubai and has applied for recognition with the Dubai regulatory body, which I am told is a good regulator. The platform and spreads are excellent as is usually the case with ECN type brokers. You get actual market bid/offer prices for a 8$ per lot fee which is a little high, but comes out ahead of DD type brokers usually. They must have good liquidity as the bid/ask spreads are not much different in quiet market hours. They usually respond the same or next day to emails....even on a demo account, which is very unusual. Unfortunately, twice now their platform has been down for whatever reason. The last time was for over 12 hours! So at this time I cannot recommend them until that is fixed and until they get approval from the Dubai regulatory body. (can't remember their name). Arthur Beck


Raymond

May 30, 2009



2 yrs. Total
Just started a demo. with this Broker


Leo, you're probably a newbie. No broker will guarantee your entry prices or stops. On entries there is always the chance of slippage because the market is moving too fast. If you use mt4, look at your order screen. At the very bottom there is a small box. Read it. Same for exits. If the market is moving to fast, you may not get filled.


Leo

March 29, 2009



2 years Total
0 months with this Broker


I don't know,

would someone like to trade with a broker, where stops are not guaranteed. Or am I missing something?
Found this from here: http://www.fxcbs.com/etemplate.php?id=27
"*Please note that we will attempt to accommodate clients need but there is no guarantee that your order will be executed at the specified stop loss or take profit rate. Therefore, you should understand that a Stop/Loss order will not necessarily limit your loss to the intended amount."