Look MOP here

https://forum.lowyat.net/topic/3552097

If I recalled well, such IB talked a lot here and at last, disappeared.

I hope it sustains for another 1 year so you are safe.

5 years ago there is one plan, managed by a broker Absolute FX. The trader managed till about USD30m and run away.

Their MT4 trades are still running now. I have the login to view everything but money, gone. LOL

Smart money, smart invesment

11% maybe doable by most people trading forex, i know a few people who actually traded it themselves not through schemes.

wanna know more can PM me

tell me... can they give 144% return year after year?

like that... banks all close shop.... common sense will tell u... this thing won't last.

wake up...greedy investor....quit your job?...haha...good luck for the next 40 years of your life.

i know somebody who applied CC to join this and claimed can get 4k every month

Who?


I know the owner is Malaysian.

someone can make a poll on this tread?

lets vote... scam or real?

They listed as scam because they are not authorised to perform/collect any funds.

In order to know the plan is legit or honest, substance is needed .

This is why TS is now working hard to ensure he can recover his money in 7 months.

That's not the same company la aiyoo....do u know how many companies use the name FX United. Even if u change 1 letter in the name it becomes a different company la.

And its not a SCAM ALERT list. Its an alert list that notify's investors that such companies are not regulated or licenced by BNM and not authorized to conduct their business in the legal sense.



This post has been edited by cybermaster98: May 25 2016, 12:55 PM

Did i say its NOT a scam? Why don't u read my comments first? Im not one of those fools who go around investing in scams. I know this is NOT LEGIT and it will close down. All im saying is i am confident its not going to happen so soon.

Even if you dont introduce anyone you will still be getting the 11%. So the 'member gets member' plan is not entirely true

+1

Not the owner but the person who brought FX United to MY from NZ is Malaysian.

Yes. He's also one of the first to buy a the new BMW 7 Series at Auto Bavaria.

If u read my post from the start, my intention is not to market this product but to seek input from forumers who may have found out something more about this than what i already know. I was hoping for some insider news. Sadly, nothing shared here has been new. It's all on the net with full transparency.

But 1 piece of info was good. The 87% traffic coming from Malaysia. But that's explainable because they just started in Singapore, Philippines and Australia. They don't market this product in NZ i believe. Only the holding company is there. But i hear now they are moving to Philippines. Their office there has been in the process of set up since early this year. Again everything was detailed out on the FB page.

Like i said earlier. This is illegal and it wont last long. But im confident its not gonna go bust in the next 12 months or so...at least.

This is for sure illegal and wont last long. Question is how long can it survive? We have to be smart and take out our money when the time is right. I have taken out some $ once but still have $ in there.

U seem to be missing the point of this discussion completely.

THIS IS NOT A LEGAL SCHEME.

Do I need to repeat this a 100 times?

When I wrote to the FMA in March 2016 enquiring about FX United, this was the response given:

The Financial Service Providers (Registration and Disputes Resolution) Act 2008 requires a company that is carrying on the business of providing financial services in New Zealand to be registered and the company name to be listed on the Financial Service Providers Register (FSPR) which can be found at www.fspr.govt.nz. Entities are only able to be registered on the FSPR if they are actually providing financial services from a place of business in NZ.

The FSPR was set up to allow the public to check if FSPs are registered, their business address, the types of financial services FSPs are registered to provide and whether they belong to a dispute resolution scheme [DRS]. However being registered does not involve any licensing or determination by an authority that a FSP is a fit and proper person and is no guarantee that a company is currently operating in NZ.

Under NZ financial markets legislation, trading in spot foreign exchange does not require any form of license or authorisation by the FMA. While offering derivative products may require an entity to be licensed by the FMA as a derivatives issuer, this only applies when the offer is made to NZ residents. There is no licensing requirement in NZ for derivative products offered to overseas persons.



I also wrote to the FSPR and their response was as follows:

We refer to the online complaint you have submitted in relation to UNITED GLOBAL HOLDINGS LIMITED.

You have asked whether UNITED GLOBAL HOLDINGS LIMITED is “licensed” in New Zealand to “collect investments and pay out interest”.

We advise as follows:
• UNITED GLOBAL HOLDINGS LIMITED is listed on the NZ Financial Service Provider Register as an entity that provides the sole financial service, trading financial products or foreign exchange on behalf of other persons.
• The company has not been issued any licence by the Financial Markets Authority (FMA).

The promoters realise that early investors will surely make gains and only the latecomers will carry shit when it eventually collapse, this reason itself already mean it is a scam.