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Forum transfer: Submitted by suribaba on May 20, 2009 - 11:43.

HI
received shocking news , The Swiss Financial Market Supervisory Authority (FINMA) has rendered on May 18, 2009 a decision opening the bankruptcy of CROWN FOREX SA as of Tuesday May 19, 2009 at 08:00 am (Swiss time).

I was trading with Crown since 1 Year, now there is big question whether i would get back my account holding.

Any good suggestion on reliable Brokers with 1 Pip spread ?

Forum transfer: Submitted by User on May 21, 2009 - 04:25.

I recently found this website, which is quite helpful, check out http://www.100forexbrokers.com

Forum transfer: Submitted by suribaba on May 22, 2009 - 07:54.

thanks , I am planing between MIB and IBFX any comments ?

Forum transfer: Submitted by Edward Revy on May 22, 2009 - 12:31.

Here goes the note FINMA sent few days ago to clients:

Dear clients,

The Swiss Financial Market Supervisory Authority (FINMA) has rendered on May 18, 2009 a decision opening the bankruptcy of CROWN FOREX SA as of Tuesday May 19, 2009 at 08:00 am (Swiss time).

The decision will be published on May 29, 2009 at 10:00 am (Swiss time).

Philippe von BREDOW and Laurent WINKELMANN have been appointed as bankruptcy liquidators by the FINMA.

Effective immediately, as of the date and time of the bankruptcy opening, the activities of CROWN FOREX SA are suspended, the company, its Directors and officers are forbidden to make or receive payments, and all the clients’ open positions are closed.

We thank you to communicate to the liquidators, until June 30, 2009, in writing the following :

1. Account Number and relevant details;
2. Open positions as of Tuesday 19 May 2009 at 08:00 (Swiss time), together with supporting documents thereof;
3. Any additional claim you may have toward CROWN FOREX SA;
4. Any debt you may have toward CROWN FOREX SA.

Sincerely

Philippe von BREDOW - Laurent WINKELMANN
NOTTER MEGEVAND & PARTNERS
Place Edouard-Claparède 3
1205 Genève
SWITZERLAND
p.vonbredow[at]nomea.ch
l.winkelmann[at]nomea.ch

I'd recommend that you contact the liquidators as soon as possible in order to enter into the liquidation process and recover your funds.

Forum transfer: Submitted by suribaba on May 27, 2009 - 07:50.

Thank you!

I am very sorry it was Typo mistake its MIG not MIB. Well my preference is for IBFX and Oanda.