18 Responses to “Open Letter to FX Pulp top executive… Is there any link between the firm and Crown Forex S.A?”

1. on 04 Aug 2009 at 7:52 am1khawar abbasi

   Dear Francesc,

   I would like to thank you for writing an open letter to FXPULP,your efforts to clerify things is highly appreciated..Good Job francesc.

   Best Regards

2. on 04 Aug 2009 at 10:37 am2JS

   Dear Francesc,

   Salute for your open letter. I see that you are a man of integrity.
   let’s keep the the crooks down, let them see that trustworthy is important to keep the business runing.

3. on 04 Aug 2009 at 11:38 am3hiks

   agree
   this open letter proof that fxstreet is with us, although fxstreet don’t know which broker that trustworthy but we can count on you

   thanks francesc

4. on 05 Aug 2009 at 4:56 pm4Francesc’s Weblog » UPDATE - Open Letter to FX Pulp top executive… FX Pulp Deny any link with Crown Forex S.A?

   [...] Yesterday I published here an e-mail I personally sent to the marketing contact we have at FX Pulp in order to know the truth about the rumours of links between the newborn FX Pulp and the about-to-be-liquidated Crown Forex S.A. [...]

5. on 18 Aug 2009 at 4:35 pm5Francesc’s Weblog » Open Letter to FX Pulp top executive UPDATE… NO links found between the firm and Crown Forex S.A

   [...] August 3rd 2009 I published here an open letter I had just sent to FX Pulp top management in order to put some [...]

6. on 19 Aug 2009 at 9:41 am6faisal

   fxpulp is in existance before the start of investigations of crown forex.if supposedly fxpulp is owned by crown authorities and if it is really a crime to own two forex firms at the same time then question mark is on the functioning of finma.so another open letter needs to be put for finma and finma investigators.and next open letter needs to be put for swiss federal court.
   why finma let cfsa working and admitting new deposits uptill 19th may?
   why swiss federal court kept granting appeals to crown forex?
   why finma’s bankruptcy decision was suspended by swiss fedral court?
   why yasmin sabeti(finma person) tells us that case is in court and decision is expected in september.
   if swiss federal court was a meaningless thing why we clients are put under waiting torture of nine months?
   and lastly question mark is on mr.Francesc…if there was withdrawl issue in september 2008 before the start of investigations and as two people mr.Goldy and mr.Francesc were knowing about the issue……why issue was not brought to limelight? i personally took my last withdrawl in october 2008,if f i had been knowing i could have withdrawn all my funds.
   anyways all these open letters need to be addressed.

7. on 20 Aug 2009 at 5:43 am7Tiger

   Hi All

   Why all of sudden there is all dead silence about the Crown Forex, all the old speakers in this blog looks like keeping quite or may be finding it no uselfull to bith about the lost money.

   ???????????

8. on 20 Aug 2009 at 5:43 am8Tiger

   Is there any latest news available.

9. on 20 Aug 2009 at 1:14 pm9Francesc Riverola

   From me,… no news at all

10. on 20 Aug 2009 at 1:23 pm10Francesc Riverola

    Faisal

    When a trader comes to me to help him/her in a dispute with its brokerage firm, the first thing they expect from me is discretion. They do not want anything to be made public as they are afraid to be trapped or to put in danger their case.

    You can agree with it or not, but I think it is understandable.

    From my position, I was not able to foresee back then that there was a serious problem at Crown Forex and that an investigation from FINMA was on its way. If I would have foreseen it, no doubt I would have made it public.

    I must recognize that the explosion of the case got me with pants down if you allow me the expression

11. on 20 Aug 2009 at 5:45 pm11Tiger

    Hi Francesc

    Do you think its OK to trade with Fx Pulp. Have you received or know of any problems with them or their plateform or withdrawals.

    I am not gonna hold you for that, just want to know their status.

    Thanx as always for your kind efforts.

12. on 20 Aug 2009 at 5:57 pm12FRiverola

    Hi Tiger

    I do not have any reason to ban FX Pulp from advertising on our site. For me they are a broker as reliable as any other as long as I do not have anything that proves otherwise.

    BUT, they are regulated in Cyprus and they are authorized to operate all over the EU under new MyFID directive. At this time, we at FXstreet.com consider that many of the regulators in Europe - Cyprus, Spain, Poland,… - are not ready to really understand Forex so they are not ready to supervise with guarantees a Forex Broker, so we DO NOT accept those brokers in our list of leading brokers and FDM’s, as you can check on the left hand side of our home page.

    We only accept there firms regulated in USA, UK, Japan, Australia, Nordic Countries and Switzerland. Soon we will include Germany as well.

    We consider these countries have a regulator that understands well Forex and they supervise with some guarantees the market due their experience in the field, but - always there is a but… - think that most of the worst cases of bankrupcy and dishonesty moves have been taken place in the USA, where the NFA rules.

    So do not take our vision for granted. That’s our position based in our vision of the market, but we could be perfectly wrong and EU passport companies should be on our list of top firms too.

    Before making any move to select a broker, please give a look to our brokers section. You’ll find good tips there to find the appropiated broker for your needs:

    http://www.fxstreet.com/brokers/

13. on 21 Aug 2009 at 6:45 am13Tiger

    Thanx a lot Francesc

14. on 28 Aug 2009 at 6:59 pm14Wisdom

    Hi Francesc,
    I noticed in your broker list doesn’t include EMPFX. EMPFX is a Switzerland company and it also has an office in USA. It charges 1 pip on EURUSD and 2 pips on GBPUSD. It has a review score of 4 stars. Do you know much about this broker? After Crown Forex and Alma, it makes me too nervous and trust any brokers. Any thoughts are appreciated.

    Good trading….

15. on 31 Aug 2009 at 10:43 am15Francesc Riverola

    Dear Wisdom

    If you want to go with a Swiss Forex Brokerage Firm, my suggestion is for you to wait that FINMA will start giving banking license to all those that have applied. Wait till then just in case there could be a negative surprise.

    About EMPFX, I never heard of them, but this does not mean that they are not an honest firm, just that I do not know them.

    Ask them if they are going to apply for banking license and if they do, wait till they get it. Otherwise, stay away.

16. on 29 Jan 2010 at 3:16 pm16Andrei Pehar

    Hmmm… I wonder how FX Pulp knows so much about what they have in common with Crown, assuming there is truly no connection.

    I am beginning to think we may have had the right idea, but perhaps the wrong firm?

    Have a look at this:
    http://fx-knight.com/smForum/index.php?topic=395.msg5171#msg5171

17. on 13 May 2010 at 11:39 am17Francesc Riverola

    Hi guys

    Upon Tiger’s request, I’ve created a group for the Victims of Crown Forex S.A Bankruptcy

    Please join me.

    To read full details, please go to:

    http://blogs.fxstreet.com/francesc/2010/05/12/crown-forex-victims-group-created-come-and-join-me/

    Maybe this is the best way to stick together and join efforts to sort out this mess

    Francesc

18. on 13 May 2010 at 5:47 pm18Tiger

    Thanx a lot Francesc.

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