I can talk based on my past experiences. Ponzi scheme or money game is an ancient cheating program. Just like a pyramid scheme where new joiner will contribute the money to “so called” investor/upline and he/she will become the “victim”. Provided the scheme doesn’t collapse during his investment cycle, otherwise the capital investment will burned. The pundit only giving you 7% return in 5 weeks and based on my calculation, it will take 17.5 months to get back 105%. As I said, provided the fund doesn’t collapsed, you will get your so called ROI only after 17.5 months. But people are greedy, when they saw the return in first 2 months, he will starts inviting their friend, relatives, even tho use retiree to “invest” to such scheme and he himself also started to pump in more money to earn the return.

Why those scheme asked you to sponsor more people and get referral fees and overriding commission because if no fresh fund came in, the scheme will collapse easily. Look at MBI, Genvena, sureWin scheme and many more.

I used to invested such scheme back in 18 years ago and you can google the “12dailypro” program. I’m luckily that I got back my capital before the scheme crashed. So, my advise to those “investor”, do you due diligence check. If a company can guarantee consistent high yield return, 99% is scam.

There is no free lunch in this world. Imagine a layman don’t know how to trade forex can earned money without knowledge or experience in trading, there will be no poor people in this world anymore. Imagine if the co called license broker who can guaranteed 7% return every five weeks, most of the bank will be bankrupt as nobody willing to put money in bank to earn the 1.5% interest per 12 months. If the company so called excel in trading, why don’t they approach rich man but you. LOL I’m not the rich man and that’s why someone approaching me to invest triumphFX.

My advise to those who believe this high yield return investment, play with you affordable to lose money, don’t be ALL IN.

Thanks

year+ but you won't know when the pundit will grab the money and run, may be 6 months, 2 years or weeks

Greedy is the word of all

Another review of TriumphFX which alerting investor:

Forex Eyes

Be alert for such investment which promised high return

This post has been edited by cliveseow: Jun 1 2022, 04:37 PM

There is no free lunch in this world. Old-wine-in-a-new-bottle.

All these schemes had one common objective "SCAM THE GREEDY". Those people think that they had found the "BEST" investment in the world and can enjoy for the rest of his/her life without working hard. Tunggu Lah...

Remember that guy "Future Richest Man in the World", where is he now? LOL. Same concept to con greedy people money. You can google his video over the internet with full of money at the floor and he talks on how to scam people.

MBI, now departing from Thailand with hand-crafted back to Malaysia for prosecution...How long does this scheme lasted? LOL

Genneva gold bar....JJPTR (this guy is lucky escape from prosecution).......hahahahahaha.......many many more ponzi scheme happened in Malaysia and yet many people still believed. Our education system really having big problem. Furthermore, I heard most of the "T" FX investor are doctors and professionals.

Time will proof...let's see. I'm really pity those retiree put all in their money into this scheme. Kesian lah....

As my advise, trade with your affordable to lose money.

I've been telling all my close friend such investment is a scam but once they are in, they are not able to pull himself out of this fantasy for making "easy" money without working hard. They are in the sweet dream and visualizing down to 2-3 years they can resigned from his job and enjoy life.

From today onward, I stop given such advice to them anymore, let them learned the hard way just like teaching your kids learn to fail but I still give this statement to them "invest with your affordable to lose money!!!"

I totally agreed your point of view. I was once “invested” Ponzi scheme 18 years ago. When you started seeing money withdrew into your pocket, greedy mind will took over your conscious mind. You will crazily start telling your friend, relatives and try to convince them this is a real investment. I myself also pumped in more money and hope to get more return. This is exactly felt into the scammer trap.

I was luckily to get back my capital and returned back the loses to my family members after the Ponzi scheme crashed.

To be honest, I believe the karma of such money games, you earned the blood money from one side then you will lose the money in other form. That is Karma. Only by doing charity then you will got the reward from the universe.

Time will prove.

This post has been edited by cliveseow: Aug 12 2022, 02:05 PM

This is so called TFXI office: Lophitis International Center 3, 2nd Floor, Corner of Soteri MIchaelidi and 28th October street, Limassol 3035, Cyprus



A company who handling multi-billion dollar fund will rent such a run down office?

Better screen captured the website, otherwise they will amend the reward photo and continue to scam people. 😂 😂😂

This post has been edited by cliveseow: Aug 23 2022, 09:07 PM

From bottom of the heart, we already knew something isn't right for this company info and website. Not to mention the management team who behind the company. Has anyone meet their management in person, I doubt so. Most of the time is their "promoter" who showing face. If this company really making such huge profit, they should be showcase in all of the forex forum or event and major magazine and newspaper as portrait but have you seen it. LOL

Warren Buffett, CEO of Berkshire Hathaway always presented as public figure to secure the confidence of their investor, have you seen TriumphFX CEO or management team or the Fund Manager in person? Why they want to hide behind the computer screen. I let public to make their own judgement. Just my 2 cents

This post has been edited by cliveseow: Aug 25 2022, 10:24 AM

https://www.youtube.com/watch?v=Z0GPtlBeE9Q...channel=TheStar

what are the common features of all these so called "Forex Investment"? I let you guys to justify by yourself.

If the forex broker is legitimate, why they need to fake the rewards they have earned. Go and figure out yourself between the “forex-awards” and “forex-award”. Soon, I’ll be seeing the award webpage will be removed and replaced by other “awardssss”

https://www.forex-awards.com/forex-awards-winners/?id=25740







This post has been edited by cliveseow: Aug 30 2022, 09:51 AM

You are right, I witnessed myself and friends who felt into this kind of scam trap. I even use my own money to refund my relative who “trusted” me last time for such investment.

Another Forex Broker blacklisted OctaFX

https://www.sinchew.com.my/?p=4053800

I would advise all the new reader here, don't be misguided by those who said invest FX can easily to earn 7-8% per month. Bullshit. Only experienced trader can make that such statement but sometime experienced trader also losing money. Warren Buffett also made mis-judgement for certain stock but do you think the "T" fund manager can make no mistake / slight mistake and with such a "proven" record. LOL

If investment to FX is so easy, all the Bank can divert their business operation just focus on FX and hire the so called "God" Fund Manager to trade for them. Why so hassle to lend the money to someone else just to earn the few % interest PER YEAR and need to pay operation staff salary. The "God" Fund Manager never asked for Salary from you but your bloody money. Wouldn't this is a better business model for Bank? LOL

Wake up lah all....

For those who want to jump into FX, this is a good article to read, see how many point that the heavily debated broker scored. LOL

https://www.forexbrokers.com/guides/forex-trading-scams

“Invest” wisely

First of all, integrity of this company is a big question mark? With fake awards, invisible fund manager and suspicious license. Do you guys know who is the CEO and C-Level of the company. Have they make themself in front of the public? I bet they are hiding behind the computer screen. Proof to us if they are real person. KYC is the key.

Secondly, Ponzi scam can be exist more than 10 years as long as new money flow in. Refer to the century scam Ponzi investment Bernie Madoff case.

Another big question mark is IB or referral bonus with 30% commission, even with legitimate MLM company couldn’t give 30% commission as referral fee just like that.

Another serious concern of internal transfer, your money is transferring to another unknown person bank account without going through the system, this is a big big suspicious Money Laundering activities already. I hope LHDN will not chase after you. When they do, how do you proof this money is from investment.

My humble comments

Thanks

My other points also important for discussion, let’s debate on the point #1,2 and 4 first

Sendiri baca, self study…

https://www.wikifx.com/en/newsdetail/202207186084398002.html