Swissmes Journal (Broker rebranded)
Journal status: closed Swissmes rebranded |
Swissmes Profile
Website
www.swissmes.com (rebranded to peakmarkets.com)
Year
2010
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Canada, Iran, Iraq, Japan, Lebanon, North Korea, Puerto Rico, Turkey, United States
Broker type
MM, DMA, ECN marketing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
100 ms
LPs total
30
LPs quality
Tier-1 Banks, Other
LPs names
...
Swissmes Accounts
MM
ECN
Minimum Deposit
1 $
1 $
Leverage
1000 : 1
1000 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.5 pips
0 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
...
...
Margin Call
100 %
100 %
Stop Out
20 %
20 %
Execution
Instant
Market
Spread
fixed
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Bitcoin, Neteller, Skrill
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker |
Is Swissmes safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Swissmes trusted?
- Information transparency: sufficient
★★★ - Customer service: virtually non-existent
★ - Swissmes website: semi-detailed, updated
★★★ - Swissmes popularity (by visitor count): least visited
★
How Swissmes works
We do use STP technologies, and we classify ourselves as NDD (No Dealing Desk) Broker in accordance to our method of order execution. Swissmes is a true No Dealing Desk Execution Broker, meaning that we execute client orders with no dealing desk intervention.
Swissmes is connected through FIX API to +30 major banks and +20 private liquidity providers offering a unique pool of ECN liquidity available for all clients. This allows us to offer our valued clients peerless order execution and price feed quality in addition to very low spreads. We automatically execute orders of market participants on ECN basis. In this ECN environment, as having no dealing desk and no requote, all trades are executed automatically and there are no re-quotes when an order needs to be filled.
Negative Balance Protection
Your equity is protected from extreme volatility and will never remain negative. In Swissmes, we cover for any losses that exceeds your account balance.
https://www.swissmes.com/about-us
4.1. The Company provides Market Execution on all the trading instruments. The Company applies ECN/STP model to orders’ execution, that is, all the Client’s positions are offset to the interbank liquidity providers. In some cases the orders may fail to be offset, or the Company may solely decide not to offset an order or a group of orders.
>4.5.4. In case the Client uses an Autotrading Software performing over 30 requests per minute the Company reserves a right to ban such Expert Advisors;
4.9. In exceptional cases short-term orders lasting less than 180 seconds can be cancelled should they be considered an abuse.
>4.5.4. In case the Client uses an Autotrading Software performing over 30 requests per minute the Company reserves a right to ban such Expert Advisors;
4.9. In exceptional cases short-term orders lasting less than 180 seconds can be cancelled should they be considered an abuse.
https://www.swissmes.com/legal-documents
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