Saxo bank review forex peace army

You are using an out of date browser. It bank not display this or other websites correctly. You should upgrade or use an alternative browser. Discussion in army Forex Brokers ' started by AdministratorDec 20, Complete Forex Trading Course by Pro Banker Shoulders of Giants Market Analytics Daily Forex Trading Signals Forex Glossary. Scam Alerts - Read and Report Forex Traders Court Community Forums.

Search titles only Posted by Member: Separate names with review comma. Search this thread only Search this forum only Display results review threads. Forex Peace Army - Your Forex Trading Forex. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Sep 24, Messages: Click here to read or submit reviews and ratings for Saxobank. Jun 17, Messages: Joispa I've been trading with Saxo for over 3 years bank I never had any problems with army whatsoever.

The only headache is that their website can be one bloated platform with bugs. They know it and they've been working hard at debugging it. When requesting funds, I received the greenback in 3 days, no glitches. Review volatile markets, their spread do not do wild swings. Their client service is second to none to my knowledge and they speak many tongues.

Aug 4, Messages: Saxobank Saxo is the worst platform I have ever used. They are a complete scam. Aug 21, Messages: Visit How You Can Lose Your Money With Saxo Bank's Incompetent Trading Software The sad thing is that when it was good, it was great, I didn't have any platform crashes, I was making steady progress I wasn't trading forex anyway Perhaps because it happens so much They will happily refer you to the Danish regulator It is appalling if there is no protection for UK customers from the UK FSA or Financial Ombudsman.

One thing is guaranteed to make them sit up however: If you use Saxo, my advice is to screenshot everything from day one. How You Can Lose Your Money With Saxo Bank's Incompetent Trading Software. Oct 29, Messages: Saxo Bank Fraud My name is Emmanuel Joseph Abah.

I live in Lagos Nigeria. Saxo Bank has received the money from their intermediary bank I have proof and refused to pass it on to FINEXO. By the way,Finexo is owned by Saxo Bank. I have asked my bank to recall the transfer. They have sent several requests to Saxo Bank for a return of the money. This so called bank have simply refused to respond to all official bank correspondences on this matter. They are just holding on to my money in a fraudulent manner.

Is Saxo Bank truelly a bank? I sent a copy forex the SWIFT to Finexo hoping they can track the money. But all they did was ask me to issue a new instruction on the SWIFT,naming SAXO Bank as the beneficiary. This made me suspicious and so I asked my bank to recall the transfer.

But Saxo Bank has refused to return my hard earned money. I wonder why they want to steal from a poor guy like me. This morning my bank told review that Saxo Bank still refused to return the money. For God's sake,this is not profit from their forex trading I am talking about here. This is supposed to be a normal bank transaction. That is why I am wondering if they arer in fact a Review.

Or perhaps they just obtained banking licence as a saxo to steal peoples money. Dec 8, Forex Emmanuel - Please contact me ASAP so I can try and sort this out for you. Dec 30, Messages: The Pirates of Scandinavia the S. Saxo Bank and Sabet interview The Pirates of Scandinavia Last month the S.

Saxo Bank forced hundreds of employees to walk the plank in a furious effort to keep their Danish Longship from taking on any more water amidst the financial tsunami that has engulfed CFD brokers around the world. But it is another former shipmate of Saxo that has now taken to his Somalia-like pirate ship to fire pot shots at this listing to port Viking Broker. Sabet says that Saxo is now focused on becoming a well-known name in Denmark, including giving backing to the small, centrist Liberal Alliance political party.

So how did this investigation come about? Saxo has declined to comment on whether or not the investigation came about because it informed the regulator of an irregularity, rather than the SFBC acting because it suspected suspicious activity. But a letter from review commission makes it clear it was informed by Saxo of the issue.

Sabet says he is also army upset that his dismissal was followed by a purge of his former employees, including his chauffeur. He believes that he will forex fully exonerated when the SFBC reports its findings. In the meantime he is preparing to take legal action to clear his name and to complete the deal that was agreed when he sold Synthesis Bank to Saxo in September ; this included the verbal saxo to purchase his remaining shares in the bank.

This Sabet fellow could be waiting a long time before he sees one gold doubloon review the cash strapped folks in Denmark. I reckon Sabet would have a better chance demanding ransoms from oil tanker owning Saudi princes than from a forex and cfd broker that had been spending money like a drunken sailor on shore leave prior to the financial panic.

Berlingske Tidende Business Nov. Sabet of Switzerland who was head of Global Trading at the bank, and who is also a major shareholder in the bank. He was dismissed in August on allegations of irregularities. He has now retorted with several suits against his own bank and is to try to have the Saxo purchase of his old bank rescinded. Sabet, who is one of the major shareholders in Saxo Bank, was dismissed from his post as Chairman of Saxo Bank in Switzerland and head of Global Trading at the bank.

Sabet forex started the first suit in Switzerland — a suit containing several employment law demands. But to Berlingske Business, the dismissed Swiss bank director now says that within a few weeks he will be ready with a further two suits against Saxo Bank.

Sabet, who has declined to put a sum on his demands. Saxo Bank has only a few comments on the upcoming suit. But we calmly await the suit. The basis for peace dismissal is very complex. In connection with the dismissal, several media said that the issue was one of large-scale insider trading. It has not been possible, however, to verify the suggestions.

Sabet has, however, decisively refuted any claims that he has infringed on the Swiss banking rules and on Sunday in a major interview with Berlingske Tidende, he repudiates the allegations. In connection with the interview in Geneva, Berlingske Business has been able to read the correspondence between Sabet and the Swiss financial authority since his dismissal on August 29, The letters show that the Swiss financial authorities have apparently never opened a case against Sabet.

That is rather dramatic as Saxo Bank has precisely based its dismissal on the fact that an investigation was under way against the bank director. The allegations that I am peace to have contravened Swiss stock exchange rules are pulled out of thin air.

I was previously part of a technical investigation in which I had saxo carried out some trades. That is something that I should not have done — but it should not result in dismissal.

I can only see this as bank result of a sort of power struggle. Perhaps Kim Fournais and Lars Seier Christensen were angry because I spoke my mind about Ryllberg. Perhaps they wanted to get rid of me — and tried to do so without paying compensation. Sabet owns almost six percent of stock. This means that Sabet owns some DKK million in Saxo Bank. Berlingske Tidende has presented several further questions to Saxo Bank which management has not wanted to answer. The dismissed Saxo executive, C.

Sabet, has claimed innocence all the way. He arrives at the interview with a roar. An entrance the saxo of the noise he made when he left Saxo Bank earlier this year. Not that you can directly bank the firing of Saxo Bank executive and multi-millionaire Sabet with the roar of the black Porsche RS Turbo which he nonchalantly leaves with the engine howling at the entrance to the posh Hotel La Perle at Lake Geneva.

But it is clear that Sabet is not just a person who slides in an out of a door without anybody noticing — or in or out of a company such as Saxo Bank, for that matter. He has dark hair and is stocky.

It is evident that the Egyptian forefathers shine through. It is also army that he is a man who is extremely comfortable in the deep bank in the lounge of Hotel La Reserve.

He nods to the uniformed employees, finds the best corner to speak forex and then spends the time telling his story while he sometimes glances into the hotel lounge and sometimes checks his peace Blackberry that continually emits noises with calls and new emails. Perhaps we are just prejudiced, but it is presumably here — rather than in the fine offices in the countless banks in the city that the most important bank transactions take peace in Geneva and surroundings.

It is the first time that Sabet steps forward to give a regular interview about his dismissal. About the insider accusations that apparently never gave rise to an official issue, about his relationship with the management of a bank in which he is still the third largest individual shareholder and about the court cases that are waiting.

At present, it is outside the bank offices that Sabet has to cultivate his business connections. A year career as a banker and trader was put on standby when, on August 29, he was fired downright from his post at Saxo Bank.

Saxo happen every day — but ever since the way that Sabet was dismissed from Saxo has made various internet forums specialising in the world of finance overflow with burning stories about the firing.

The answer is blowing somewhere in between Kim Fournais and Lars Seier Christensen on the one side and Sabet on the other. The fact is that Sabet was suspended from the bank on August In clear speech, but without Saxo Bank saying it, Sabet was accused of having committed insider trading — an accusation that has never been conclusively confirmed or disproved.

But as described in Berlingske Business yesterday the problem for Saxo Bank is that the Swiss financial authorities have never been in the process of investigating C. This is clear after Berlingske Business in Geneva had the opportunity to read through the correspondence between Sabet and the Swiss financial authorities. In a letter dated November 3, the authorities state that they have never had saxo investigation and accordingly have no need for assistance from Sabet and his lawyers for a possible investigation.

I will fight The Swiss banker immediately put himself at the disposal of the authorities as soon as the dismissal was reality. But today, three months later, nothing has happened.

It is not exactly that the fired banker is a defeated man. He describes himself as one of the wealthiest people in Switzerland, he has new project going that will — as he puts it - be launched before anybody dares believe it, and then he has a fighting spirit that radiates from the dark and stocky man.

The Porsche is just a sign that the bank account is still in the black. His personal addresses count houses in Geneva and Nice and, naturally, a yacht.

In this case a large one, 40 meters and permanently moored in posh Antibes! But most importantly, he is ready to fight Saxo. But most importantly they had taught me always to treat people in a decent army. I have been thrown out of the bank I created in an indescribable way.

The management of Saxo thinks they can do with people what they like peace and even get away with it. I cannot accept that. And whereas others might be afraid of Kim Fournais and Lars Seier Christensen and perhaps forex also financially dependent on them, I have money and the will to fight against bank. The dismissal on August 29 was the culmination of five years of staggering relations between the two Saxo founders and their Swiss executive — relations that exploded with a bang.

I have had good and close relations with Kim Fournais and Lars Seier Christensen and found that Kim had become one of my really good friends. Those two guys were at my private table when I got married. The Review connection In Sabet founded the bank that developed into Synthesis Bank.

I thought the bank had a good business model and its systems for trading were extremely interesting. This lead to a collaboration that soon became good and profitable for both parties. In step with the increasingly close partnership between the Danish and the Swiss bank, it was clear that Saxo made a comfortable two-digit million kroner profit annually on the cooperation. This was the money Synthesis had to pay Saxo for its use of the special bank systems which have made Saxo Bank stand out.

At some point, however, Sabet began to study whether they could develop new systems on their own to replace those of Saxo, and this sped up the Danish-Swiss connection. Bank even though Saxo was the party that wanted to buy, the negotiations still ended as a farce. Today Sabet bank sorry that he did not decode the danger signals already back then. The negotiations were initiated inand after many talks we agreed on a price and terms.

But after we had settled all details, Kim Fournais wanted to renegotiate everything. Later on it turned out that this is the way he operates. One year later, however, the sale went through. Disagreement about bosses With the purchase Sabet said goodbye to his bank, but hello review a post as top executive for all trading in Saxo Bank. The plan was that the Swiss banker was to retain his residence in Switzerland but travel to Denmark whenever necessary. But even though Sabet did not frequent Saxo Bank on a daily basis he soon found out that something was wrong.

I could see a lot of bosses who exclusively acted according to what was best for themselves and their careers. It was at a time when the bank grew explosively, and this was why the individual peace were allowed to employ many new people.

Sabet immediately passed on his observations to Kim Fournais and Lars Seier Christensen. They have their own people and only work modestly together. Therefore this was the way that things were done in the bank even though the pair knew that it was not healthy for the bank.

The relations between particularly Kim Fournais and Sabet developed into a friendship that continued after the takeover of Synthesis.

He was responsible for the large trading area and he set the team of employees. That Army Fournais and Lars Seier Christensen were satisfied is evident from the quarterly statement that all employees in Saxo receive. This army evaluates their performance and the areas they are to work with. The only slight complaint was that Kim Fournais and Lars Seier Christensen would like the see Sabet in Denmark slightly more often. The 40 meter yacht was also lent to Kim Fournais and his family.

In the course of and the first half of disagreement began to surface between the two Danish Saxo owners and Army. Saxo needs competent bankers to make sure the bank is sharp and competitive. Despite the recommendation by Sabet, Ryllberg and Poulsen were employed.

After their start in August, management met in the middle of August. For Sabet it was immediately clear that the new management structure would cause problems. That he would concentrate efforts in Denmark, and that they would move people and army powers from abroad, including Switzerland. He wanted to bring in foreign experts to the bank in Denmark and employ them according to the Green Card scheme.

But that model is no good. Perhaps you can bring in people who work in the bank for precisely three years. But after three years peace one day they are gone. A few days later Sabet went to forex Kim Fournais and Lars Seier Christensen. He said that he would not be assigned to Eric Ryllberg, and that it was a solid part of the agreement that Sabet only referred to Fournais and Seier.

I offered to do this in a good and quiet way where I stayed on for a couple of months and then sold my stock in the bank as per agreement. I gave this message to the two and then went away on vacation saxo the rest of the month. Dramatic dismissal The dismissal was a drama. I immediately tried to ring Kim Fournais, but his telephone was closed. With the team of IT and legal experts Kim Fournais had flown peace Switzerland. On Friday August 29 he turned up in the bank and summoned the employees to a meeting.

They were told about the accusation against Sabet and about his dismissal. They were also warned against contacting him. What I peace supposed to have done that justified a dismissal I simply have no idea. The accusations that I should have broken the Swiss stock exchange rules are completely absurd. At an earlier saxo I was part of a technical investigation regarding forex implementation of some transactions. I cannot see this as other saxo the result of a review of power struggle.

Perhaps Kim Fournais and Lars Seier Christensen were angry that I gave them my views on Ryllberg. Perhaps they wanted to get rid of me — and tried to get away with it without paying compensation.

The Bank banker has tried to procure more details about the dismissal and proof that could justify the dismissal. The message from them is that there has never been an issue. It now seems unavoidable that the dismissal will develop into a regular legal dogfight. The first lawsuits have already been submitted. A couple of peace ago Lars Seier Christensen called me and proposed a meeting in Denmark. I said no to going to Denmark.

And back to the roaring Porsche in front of Hotel La Reserve in Geneva. Berlingske Business has presented a list forex questions to the management of Saxo Bank. In addition to the interview with Sabet, the article is based on a range of interviews with people with an bank in Saxo Bank. Jan 28, Messages: I also lost half of my account because the trading platform is a piece of s. Review received the the remaining funds army though. May 18, Messages: SaxoTrader is not excellent program, but IMHO MT4 for scammers.

I suggest don't work with MT4 platform. I work with Saxobank about three years and almost had no problems. The only bank that afflicts it FXnews. Apr 10, Messages: I've been trading with them for a month already and everything is still going on well.

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