Mind sharing why you say its a scam? It cant just be because of the high returns. And by saying most investors did not get their money back you mean >50%? That's quite a hard accusation. Mind sharing how you came about this info?

Last time, the server that run CGAT EA was down. All the money wiped out.
Always circle yourself with traders group. Oh ya ! you should always update with FX scam group also. Cheers !

11%/month, then i can borrow personal loan from banks and invest in this FX, the interest earned from FX should enough to cover personal loan interest, and in the same time making money? make sense? lol

ya right 11%, how much is the "charges" if i pull out my money?

http://behindmlm.com/companies/fx-united-w...ew-zealand-fma/

Take a look..

When you open any forex trading account, you have a charge. In this case, FX United waives the 3% charge for your first account. You can close your account at any time and withdraw your total investment but if its done within 12 months, there is a 3% charge.

http://fxunitedpower.blogspot.my/

Yes it does make sense. Why do you laugh? Have you taken the time to review the links ive provided above? Why don't you do that and then maybe we can engage in a good discussion.

For everybody's info, I have been doing some serious research on this since early March. Ive contacted the authorities in New Zealand and also Bank Negara. Ive even researched the 2 directors of United Global in NZ (parent company). I've also checked the accounts of some of the investors (friends of mine) and their payments, etc.

So far, except for not being legally registered by Bank Negara in Malaysia to conduct forex trading, everything else sort of checks out in a way.

Yes the promised returns are really high and that's what makes me suspicious too but the purpose of this thread is to discuss the 'legitimacy' of this investment / scam or whatever its called.

So please take the time to read the links ive provided rather than just coming up with general statements.

well said..

waives the 3% charge for first account? Means everytime i "top up" then another 3% charge will be incurred?Means every month my "income" will from 11%--->8%?

Within 12mths close account, 3% charge on my total investment? IF yes, then doesnt looks appealing for me lo.

Please take into consideration the below, and do your own due diligence.
https://leaprate.com/2016/05/new-zealands-f...inst-fx-united/

Caveat Emptor.

Wow, issued just yesterday

Mind explaining how does your link explain fxunited being in this list..?
You never read what was in my link and yet you're saying that i'm 'coming up with general statements'? Hmm.

https://fma.govt.nz/news/warnings-and-alert...-to-be-wary-of/

I read your earlier link about 2 weeks ago already. That's an old link. I provided the response through a different link.

Its the new link about the FMA announcement which im focused on now.

This post has been edited by cybermaster98: May 6 2016, 04:14 AM

Let's not be silly here.

The 11% is paid out PER MONTH. The 3% is a ONE TIME CHARGE on your investment.

You have to withdraw your monthly interest every month leaving only the capital inside.

Ure getting 11% per month and ure worried about a one time 3% charge for early withdrawal?

But after the FMA warning, im also concerned that this could possibly be a scam. So appreciate any more info you may have or are able to share?

The post in the link was posted on the 5th of May and it's about the FMA announcement.
No sure what you're talking about.

Im a firm believer of this 'all scams are illegal but not everything illegal is a scam'.

Not sure if it holds any weight in this case though.

I am in about this thread.

It is very clear how Fx United operates and pays you such return a month.

You invest, they take your money to trades. If their ROI a month is more than 11%, the balance is theirs.

However, if their trade performance is worst n loss, they can't bear the cost of investment 11%, they will take the money from new investors to roll and pay you the interest.

So, if you invest in this, you got two risks

1. Risk of trades / trader
2. Risk of broker runs away

Assumption>>
1. Their plan or investment is legit

However, you never see how the performance of the trades and slowly you will need to bear two types of risks listed above.

In Long run, risk 1 will be the factor and if their performance is at loss and can't sustain anymore, bye bye n scam.

JJ forex operates this way too... soon they will be the same.