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FXSalt Review Scores
 www.fxsalt.com |
| Overall Score: 5.5/10 |
| Total Votes: 13 |
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FXSalt Discussion
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Member Since Jan 22, 2010 9 posts
DMBFX
Mar 12 2010 at 13:38
Happy with the service, execution and spreads.
Very motivated team to deliver good quality forex trading environment |
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Member Since Mar 17, 2010 4 posts
Stefan Vogt (www4xtradingde)
Mar 21 2010 at 21:46
Perfect pricing and service.
German customer service /// Deutscher Kundendienst unter http://www.fxsalt-de.com www.fxsalt-de.com |
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Member Since Sep 23, 2009 40 posts
Andrey
Apr 13 2010 at 15:54
Could anyone give some feedback about money withdrawal with them?
Thanks in advance! |
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Member Since Oct 28, 2009 1060 posts
Steve Boardman (stevetrade)
Apr 13 2010 at 16:15
What are the spreads like on the majors?
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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Member Since Mar 17, 2010 4 posts
Stefan Vogt (www4xtradingde)
Apr 13 2010 at 17:48
Steve,
just download a demo as the demo datafeed is 100% the same as live datafeed. As this is a STP / ECN broker spreads a variable and depend on market situation and currency pair. I tracked spreads of several pairs with a MT4 script (spread history) running in the backround. So these are my average spreads (please note that FXSalt do not charge any comission on top, just spreads): EURUSD: 1.5 GBPUSD: 2.3 GBPJPY: 3.3 USDCAD: 2.3 USDCHD: 2.2 For me this is perfect! www.fxsalt-de.com |
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Member Since Oct 28, 2009 1060 posts
Steve Boardman (stevetrade)
Apr 13 2010 at 17:58
Thanks for going to the effort of doing that Stefan
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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Member Since Mar 17, 2010 4 posts
Stefan Vogt (www4xtradingde)
Apr 13 2010 at 18:36
@Andrey: I applied for a withdrawal and the funds were in my bank account within 2 business days
Just have a look to the FAQ for more information: http://fxsalt-de.com/en/faq @Steve: You are welcome. If you are interested in some EAs just send me a message. Maybe we can exchange some information as I have 2 EAs that make money in the longterm and I am curious about your experience ;) www.fxsalt-de.com |
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Member Since Feb 16, 2010 99 posts
Lion Asset Management (WhyLose)
Apr 13 2010 at 20:23
(edited Apr 13 2010 at 20:31 )
Make of it what you will but they are not listed with the UK FSA. Even if they are registered with the German FSA equivalent they would have a passport licensing them in the UK.
An example of Alpari UK's listing and what I expected to find for Fxsalt UK is below:- http://www.fsa.gov.uk/register/firmPassports.do?sid=167495 A search of Google maps in the leafy suburbs of Sunbury doesn't help either - http://bit.ly/cGfIWb. And as for Google Streetview, well, that backs up my impression that their UK address is a residential address. You can see their UK 'Head Office' at http://bit.ly/cGfIWb. So, would I do business with them? No. But if somebody who represents the company wants to comment further here it may help to enlighten others. If no comment is made from the company then I'll draw the FSA's attention to this matter in due course. If I've made a mistake then I apologise unreservedly. I am only stating the facts based on my very limited quick reseach for the benefit of others. Time is more valuable than money. You can get more money, but you cannot get more time. |
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Member Since Mar 17, 2010 4 posts
Stefan Vogt (www4xtradingde)
Apr 14 2010 at 19:48
Hi Lion Asset Management,
thankyou for your time and investigations. I completely agree with you. I personally have made so many bad experiences with many brokers which took my money and I would like to say thanks for your professional approach how to rate a new broker. Wow - Regarding your procedure of investigation I learned a lot. I never thaught about this. So I think that all of the people who will read this post will learn from this-thx!! I send an email to FXSalt UK and got back this answer within a couple of minutes: -- 'you are correct - FXSalt is not listed with the UK FSA or the German equivalent. The important factor here is that the funds custodian company is regulated and the clients' funds are held in segregated ring fenced accounts at the Standard Chartered Bank. FXSalt is a global operation , as you can see the website is translated into German, Japanese, Polish and the 3 language Indian version is currently being prepared. The sunny Sunbury residential address is only the central mailing location - all the trading actually occurs in New York under the watchful eye of the SEC. They do allow hedging but cannot accept residents of the USA because of this.'-- Just let me know what you think about this answer. www.fxsalt-de.com |
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Member Since Feb 16, 2010 99 posts
Lion Asset Management (WhyLose)
Apr 14 2010 at 21:25
www4xtradingde posted: FXSalt is not listed with the UK FSA or the German equivalent. The sunny Sunbury residential address is only the central mailing location - all the trading actually occurs in New York under the watchful eye of the SEC. They do allow hedging but cannot accept residents of the USA because of this.' Just let me know what you think about this answer. It is a criminal offence to offer their financial services through a UK office address unless they are licensed by the FSA. Even if it is no more than a mail-drop. I doubt they're 'regulated' by the SEC anyway. I'll take a look eventually. In a nutshell we have a company that is based in a country where they do not accept clients. They use mail-drops. They are soliciting financial services business through this mail-drop address in the UK which is illegal under UK law. The rest is smoke and mirrors. The fact that funds go to SCB. LMAO. Some of the biggest boiler room frauds have used that very bank. And many other mainstream banks. That simply has no bearing on the points you raised with them. The test is whether they are acting lawfully in the UK from their UK address. It is my contention they are not. Sir, I doubt very much that unless somebody from FXSalt feels inclined to enter this discussion and state their association that anyone reading the comments here will ever do business with them. This may be good. This may be bad. I'll let others take a view as we all have to paddle our own canoe. Good luck to you and thank you for your kind words. Time is more valuable than money. You can get more money, but you cannot get more time. |
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