Okay so here's the whole story.

This guy is an Indian student that's been trading for five years now.

He is 17 this year.

He opened a company called EmpireFX which I never heard of it before.

This company is about forex trading one.

He told me that :

-His company under dcw (DCW) Prestige
-His company got New Zealand license for FX
-Minimum investment is 1000 USD
-Not guaranteed profit
-Uses MT4 (wth is this) to trade


Because he's introduced to me through a good friend of mine,

so he's offering me to only invest RM500 in this .

The balance of RM3.3k will be paid back once my account starts to generate profits (if possible) .

The profits generated by my account will be split 50:50 .

Once I managed to pay back the balance of 3.3k, he'll not split anymore the profits.

The catch :
-I must pay him the RM500 by Sunday.
-I cannot touch the MT4 account before I"m good with it.
-Google search shows nothing about this (0r maybe I sucked at searching).


Sifu-sifu sekalian out there , please shed some light !
I dw to waste RM500 because I'm still a student and RM500 means a lot to me !


----

Update #1 : https://forum.lowyat.net/index.php?showtopi...post&p=74673588

This post has been edited by Y.J.S: Jun 1 2015, 12:47 PM

Can you explain more for the bold part?

He said he's a good trader wor

Some more himself will also deposit RM3.3k inside my account (because min amount to open acc is 1000 usd = 3.8k) so if lose money how I repay money back to him ??

5 years so must be from 13 because including his 5th year mah

Btw he told me his company , EmpireFX just opened 4 months ago under dcw prestige.

He previously worked in isc (wth is this)

But what if he gives me an investor username/password that doesn't belong to him ??

Anyway to verify ?

Yeah something is suspicious.

At first he said RM1800 is okay, the balance RM2000 he can pay for me.

But the condition is I have to clear the sum of RM1800 by Sunday.

Then I said I have no money nor impossible to acquire RM1800 by Sunday because my cash left RM500 only.

Then he said ok again RM500 no problem but have to pay by Sunday .

And as for the trading pattern, I don't know anything about Forex and I don't know how to use MT4.

Can you gimme an easy way to login investor account if there is any ?

Thank you !

You don't understand ...

My school fees cost a bomb and my parents are getting angrier at me for spending so much ...

I know EmpireFX and FX Empire are both very different things.
His is EmpireFX which I never heard of and probably he doesn't even have a website

But why he needs only RM500 for me ? strange

Alright , will ask

Btw how do I know if he really opened an account for me in MT4 that has 1000 USD in it ?

Yeah why ??

Sure or not ??

On your previous post you already mocking my stupidity ler

Ok ok so any reputable schemes that come with a website?

A lot of my friends told me he brought his laptop to school to show off how he makes money off MT4 .

That's why it is quite persuasive but maybe he's just being lucky, idk

What's the min amount for Fixed Deposit?

Edit : I think I should save another RM500 for this : https://ringgitplus.com/en/fixed-deposit/Ma...ed-Deposit.html

This post has been edited by Y.J.S: May 30 2015, 09:54 AM

So ... is majoring in Econ/Finance best choice to enter into trading world?


Yeah no idea

They said he brought 1 day then another day came back with profits (something like that)

I saw a lot terms about 3 months 12 months to get a certain percentage of returns.

What does the "months" means ?

Is it I have to deposit for say RM1000 for 3 months straight (=RM3000) to get the returns ?

some screenshots


Attached thumbnail(s)

Anyway sir he replied me saying that I should create an account in MT4 under my name.

But then he'll trade for me and show me some techniques before I get to trade by myself.

So if the account is mine, am I able to monitor the process and know how much is it in there right ?

Awww so mean

Don't la, be patient you know

save one life can prevent from entering hell

The bold part is the important one , right?

I'll try to ask from him,

If he gave me ler, I show you okay?

Detailed Statement

carrer

This post has been edited by Y.J.S: May 30 2015, 12:51 PM


Attached thumbnail(s)

What might gone wrong?

Maybe he's just helping ?

Because as I mentioned earlier, he was introduced to me by a good friend of mine (which happened to be a gangster) , so maybe he's scared of offending me and my friend ?

pening kepala ni

Roger that !

Yeah

As for now, I'll study first