How many of you have invested in FX United?

Max per account is USD10,500 (RM46,200). You are paid 11% interest per month on the USD10K portion while the USD500 is for you to trade.

http://www.fxunited.com/

http://www.fxunitedpowerinternational.com/

I think is a scam as 11% per month is a bit too high.

Yes its not legal for sure but like all 'illegal' investment schemes, the ones coming in late or topping up their investments later are the ones usually burnt.

But I must say this is one of the most systematic and well planned 'scam'. Its more transparent than most others. Even the way your accounts are set up is quite professional.

Ive spoken to Bank Negara and even they said its gonna take time for them to investigate FX United cuz its well set up.

I've also emailed the authorities in New Zealand and their parent company United Global checks out. All registration and trading licences are in place.

Hey dude, you so active around. Have you invested in any diversities yet?


Someone introduced me FX United lately as well. By right, is it considered legal outside of Malaysia?

Of course. Amanah saham fixed price for me. Good or bad time, consistent return of 6% p.a without any risk to principal (will always remain the same)

Amanah Saham? EPF also can give 6.4% p.a le, which are you investing at on particular?

I've got investments in ASB which is my 'safe' investment. About 7.5% returns per annum.

I only know that its legal in New Zealand.

Their operating licence in NZ clearly states they are authorised to trade on behalf of other persons.

http://fxunited.com/cgat.php

Not consistent 6% and not working yet.

I thought you say yours is consistent? I don't mind mistakes in between. I'm not the other people in this forum. Neutrality is my motto.

So, it's ok. I believed PM's SmallCap fund is higher despite the higher sales charge. I'm concerned. We have good funds.

Amanah saham give consistent returns of >6% p.a. EPF not so consistent. PM fund after counting 5% service charge beat amanah saham or not? If don't beat, and not consistent year (must beat amanah saham every year), not interested.

Besides if choosing small cap, better I buy Eastspring small caps. Better consistent return. FSM SC only 2%. I will still get higher than amanah saham despite not so safe as amanah saham. But it's OT.

You cannot compare Amanah Saham funds with other funds since the risk profile is different. Most of Amanah Saham funds are fixed price funds so there is no risk of volatility of pricing.

Of course you can compare. Funds should use amanah saham as the benchmark. If you cannot beat something offered by the government, then your fund is not good (talking about returns here which already include service charge not the risk).

The key word here is not about the returns itself but rather the risk and volatility of the fund. If u check FSM most of their moderate risk funds have performed above the Amanah Saham funds when calculated over the say the past 5 years.

Amanah Saham's returns are average but consistent and its a part of my portfolio because of this.

Anyway it's offtopic

too good to be true, no?

Nope. Scam, most of investor didn't get their money back.

Wow 11% per month too good be true

Why don't you try reading the website I provided first?