QUOTE(tenent007963 @ Oct 18 2022, 09:12 PM)
Hi guys..
Recently I found an association called Union Traders Society. They claimed they're using GFA Asia and another Indonesian broker which they emphasized "are regulated by Bappebti, Kliring Berjangka Indonesia and also monitored by Malaysian government". They have their fund transfer receipt from various banks including RHB, Bank Muamalat, and also Public Bank. They even provide transfer slips for the fund withdrawal from the fund(segregated account, they say) to our own bank account. Just want to know if it's trustworthy or not, and also feedback from others about it.
Note: from my search I saw the list of scam brokers and UTS(Sentratama) is on the list. but as I searched further, I saw people posting as their agents, people saying they are doing what they should and are getting their returns since 2018, and even the UTS people themselves shared all the regulation numbers with Malaysian and Indonesian regulators. The people inside even admitted that "they were scammed before and so they decided to go for another fund management company which the fund manager is, you might've guessed, Janis Urste. So I just want to know the most up-to-date info about it.
I have no intentions of badmouthing Union Traders Society like other clowns would do (bashing all Forex Investments), but here are a few info I know regarding this platform.
1. Use PT Sentratama Investor Berjangka, Indonesian Broker regulated by Bappebti (Indo Regulator)
2. Operate with 1 Fund Manager named Janis Urste
3. Locks Capital for 1-2 Years
4. Returns are about 2-4% a month
5. MAM Trading System
6. Sells their investment in package (Gold, Gold Turbo, Platinum etc)
7. Higher Capital = Higher Returns
8. Funds deposited & withdrawn to/from "Union Trader Society"s Bank Account at Mandiri Bank (Indonesian Bank)
9. UTS Group obtained LHDN stamp for their investment agreements (Tend to be their selling point as your returns are so called 'approved' by LHDN)
10. Founder's name is Ernest Lee.
https://www.forexpeacearmy.com/community/th...kai-earn.46384/I don't 100% believe the story stated in FPA but may have a read. Most people in FPA are clowns in a different circus as well. So may do deeper research to validate the scam story.