I am so excited to follow this thread.... Hehe

parking. waiting for updates

Yup, quite possible.

But at least with this, you break even in about 10 months. So anything after that is a bonus. If u cant stomach the risk at any time, u can withdraw the principle.

If you are going to risk this, why not try JJ which offers 20%per month.

Max investment USD1000

What is JJ?

JJ global aka JJ forex

No more discussion?

Bored....

As someone who was recently approached with this plan, it seemed too good to be true to have 11% interest rate.

I wonder where and what are they investing in to gain such profits?

I also quite doubt on this. They are MLM too. You get interest on certain percentage when your downline invest in. There is a Robot thingy to run on...

I have a lot of friends join in. Few of them already passed the first year, which means get all the money back!

Legal or not, I dare not conclude anything.....

Imo, it's a scam. But I do believe that if u are early bird, most likely u will benefit from it

It take times for those mlm, scam group to fall.
So by being early bird, u might jz able to profit from it

Well, it's a high risk 'investment'(most likely gonna fall around 3 to 5 years operation), so high return(damn 11% per MONTH).

So if any of u gonna jump in the ship, jz remember that the moneh might get burn and ur heart prepared for it.

BTW, how long this fx operate in msia?

Been around few years. Few of them even stop the job for this.

Human are greedy! Maybe put another word, free money, who don't want?
They start with small investment, once get money, they loan it from bank to invest more. They calculate the comparison for me, take personal loan, invest here, still get the profit! I really worry for them, as the 2nd round loan is huge figure!

Those who already in, won't believe any advice from 'outside their world'.

Few of them very lucky, manage to get help from this to clear their debt.

Thanks for the info, looks highly risky but assuming I have money to burn this may just be filed under my 'why not' scenarios

USD100 and USD500 can burn.

Rule of thumb: All scams are illegal but not everything illegal is a scam.

Just cuz we don't understand the business model doesn't make it a scam.

Anyway the way I look at it, they have been and will continue to pay out that 11% per month return because existing clients are not withdrawing their capital even after 2 years plus more and more new investors are coming in.

I've done sufficient research to conclude that this 'scheme' is not going to close down anytime soon. It's very well set up with a lot of transparency and media hype. I would say this will easily run at least for the next 18 months. I have even spoken to BNM and they too say its very well set up.

So while we debate if its a scam or not, others are making money by the day. So its entirely up to you if you want to continue debating its merits or just jump on board the train.

FYI, if you knew me well enough u'd know that im a safe investor with my main investments in property, ASB and the Parenthood Theme Park. I don't usually partake in anything above a certain risk threshold. But I am in this for the reasons mentioned above.

FYI, I personally know of 2 individuals who used to be Public Mutual agents. They pumped in about 220K each into FX United about 11 months ago and they make RM42K per month now. They have now given up on their Public Mutual daytime jobs.

Even the Geneva scam, a huge number of the early investors made a lot of money. Its only those who invested late who got burnt.

So how long has FXUnited been set up ? Or should I ask when did FXUnited establish?

FXUnited offers two plans:

1. Binary Plan。
Capital is locked and non-refunable unless you introduce two referrals blah blah...

2. Capital Guarantee Auto Trade (Cgate)

Min 12% MONTHLY guarantee return. My friend sighted the trade history. Loss ratio is very high. In short, the 12% cost of capital is unable to hit, thus, payout from members' capital is reasonable.

They offer MLM style, so your upline can suck your %.

You decide if it is legit or scam.

I don't trust about the BNM's opinion about "They are well setup", it sounds no meaning at all.

If I read it correctly you're saying that a lot of people understand that this scheme will fall eventually but still they are hoping that they are the early investor and make enough money before it collapses?

By "spoken to BNM", which level of officer that you talked to?

I am worrying this scheme will collapse like 4-5 years Geneva Gold?