SwissDealing is a new Forex broker with a unique business model that offers the no-deposit account with a free $100 to trade with. In fact, currently, you can’t deposit anything to your account even if you want to, unless your balance is negative. You are given $100 initial balance, which you can use to trade with 1:100 leverage and any single trade volume (down to 1 currency unit). If you run into a negative balance (which is limited by -$50) you have the opportunity to deposit funds via PayPal to cover it. Any profit you get is freely withdrawable. Other highlights of SwissDealing:
- 2 pips spread on EUR/USD
- Custom simple stand-alone trading platform
- On-line since 2009
If you have any questions or comments regarding SwissDealing Forex broker, please, feel free to reply using the form below.
May 28th, 2009 at 2:08 pm
How secure are these guys, have you had any complaints about them yet?
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Mohammad Adil Rehman Reply:
December 23rd, 2009 at 1:04 pm
Are you interested to in Forex Managed accounts
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haroon Reply:
August 3rd, 2010 at 8:49 am
yes i am
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May 28th, 2009 at 2:54 pm
Not registered with the NFA. Big red flag
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Andrei Reply:
May 28th, 2009 at 3:21 pm
Why would a Swiss broker want to register with NFA?!
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May 28th, 2009 at 4:24 pm
Signed up this morning and made some money right away. Slippage on one trade was 5 pips, however
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Andrei Reply:
May 28th, 2009 at 4:30 pm
That can be a really bad slippage if you are a short-term trader, but it won’t hurt if you keep you are trying to capture hundreds of pips with a single trade. The slippage there also probably depends on the time period when you trade. I believe that during the high volatility periods, the slippage is high with many brokers.
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May 28th, 2009 at 4:58 pm
I understand that currently, the service is in a public beta-testing phase, which means that money withdrawals are temporally disabled. They hope to go live in one month with a full integration with Pay Pal.
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May 29th, 2009 at 4:46 pm
Here is a good reason to have these overseas firms registered.
ZURICH, May 29 (Reuters) – A Swiss court has declared foreign exchange brokerage Crown Forex bankrupt, the Swiss financial regulator said on Friday, warning that others could follow, given new requirements for forex providers.
Financial regulator FINMA posted a statement on its website saying Crown Forex was declared bankrupt on Friday. FINMA spokesman Alain Bichsel said Crown’s assets would be liquidated after the company’s appeal against an earlier ruling was rejected.
FINMA took control of Crown Forex on Dec. 9 after the regulator identified potential liquidity issues at the company. New Swiss rules have made operating more onerous for foreign exchange providers since April 1, when they were required to obtain a license from the regulator and to hold some 100 million Swiss francs ($92.6 million) in liquidity.
Bichsel said companies were given a year’s notice to comply with license requirements. Prior to April, forex shops did not require a license provided they were registered with a self-regulatory body.
“We had a lot of complaints from a lot of forex traders all around the world, these providers were not under supervision. The licence requirement gives more stability and legitimacy to the whole system,” said Bichsel.
“Crown had time to prepare to get the licence, but the problems there were too big.”
A spokesman at self-regulatory body ARIF, the association of financial intermediaries in Switzerland’s French-speaking region, said companies need a lot of capital to be registered and some forex providers simply do not have enough.
Crown Forex, based in Bassecourt, was previously a member of ARIF. When Reuters approached Crown Forex for comment, nobody was available from the company.
The liquidators Notter Megevand & Partners declined to comment on the liquidation.
Prior to the new rules there were several dozen such platforms operating from Switzerland. Only around five of have been registered to date, although Bichsel said he thought there would be about 20 “once we have checked all current requests.”
“Clients can feel more secure because the new rules mean these companies have more solidity,” he said. “But it’s possible there will be more liquidations of this kind.” (Editing by Rupert Winchester) ($1=1.080 Swiss Franc)
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June 8th, 2009 at 6:52 am
i like to join no-deposit account with a free $100 to trade pl add me
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November 12th, 2009 at 2:03 pm
Hi,
It is very good chance for me to earn money base on my knowledge and experience. I will earn $2000 for the first month from $100 free account! add me in your list
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November 12th, 2009 at 2:09 pm
Unfortunately, After click the link to open an account, I always receive this message below:
“We are currently upgrading our server software and hardware. New version of Swiss Dealing will be back there in a few days.
Thank you and sorry for the inconvenience.”
I do not know why? Can admin let us know why? please explain!
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Andrei Reply:
November 12th, 2009 at 2:54 pm
Probable because they are upgrading their server software and hardware?
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December 23rd, 2009 at 12:54 pm
How to start and open this account.
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Andrei Reply:
December 23rd, 2009 at 1:14 pm
It looks like currently they are not accepting new registrations.
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October 14th, 2010 at 6:58 am
pls i want you to tell if what and what i need to submit b/4 i can be able to trade with swiss dealing?
am i going to pay any money like charge fee b/4 i make any withdraw cos i saw on their site some charges.?
i’m from nigeria ,am i allow to open account with them?
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admin Reply:
October 14th, 2010 at 8:41 am
As far as I know, they are still in beta. You won’t be able to withdraw your money.
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October 25th, 2010 at 9:24 pm
help ever, hurt never
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June 11th, 2011 at 12:33 pm
Hi,
It is very good chance for me to earn money. I want to earn $200 for the first month from $100 free account! Please add me.
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October 22nd, 2011 at 10:04 am
hi,
if i can profit with free $100 can i withdraw that amount?
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admin Reply:
October 22nd, 2011 at 4:21 pm
Not sure if they still are operational.
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