fxunited forex malaysia training
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Dubai: When Bernd Skorupinski came to Dubai by way of Germany six years ago, he had no idea he would leave his job to become a fulltime trader. Foreign exchange currency trading, commonly referred to as forex, is a market where banks, businesses, investors and traders come to exchange and speculate on rising or dropping currencies. But to Skorupinski, the appeal to trade came from not only investing in an open market that requires little to feed and leverage, but also investing in himself. According to Abu Hantash, forex trading is more popular in the UAE than ever before, citing the number viet jet ipo brokers that have sprang up.

Fxunited forex malaysia training chapter 12 investing in stocks answer key

Fxunited forex malaysia training

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I suggest you also be just as aggressive as this on another big scale scam affecting Malaysia. It amounts to RM2. Have you heard of 1MDB? Correct information USD membership only Capital usd to usd per cgat account. Each investor can have up to 10 cgat account. Central banks often protect their own banking institutions. I do agree that something is wrong when fxunited has deregistered from their fsp. As some of you are aware of the current issues in regards to FMA, on behalf of the broker we would like to address it.

There has been attack on us especially targetting our team on social media and various platform for only one reason- jealously. However the broker did respond to the authorities on this matter but they fail to accept it because find it hard to understand how CGAT works.

They are straight on normal trading and financial authorities only want to protect financial bodies such as the banking institutions. Attack on social media has become an advantage for them to act on this matter. The authorities reply which was published in social media became the last straw for them to take action. Not to be alarm as the broker fxunited has already switch to another authority for licences ever since this issue surfaced.

For security reasons they are not able to release any information. Well please carry on with the investigation I would personally like to see the outcome. Are they a scam that has been operational for 10 years or a legitimate company. FX United is still a shady investment scheme doing run by who knows who doing who knows what with your money from who knows where. This entity appears to be causing mayhem in Malaysia and is poised to be struck off as both a NZ financial service provider and company having been drawn to the attention of both the Financial Markets Authority FMA and Companies Office.

Signage at the building, and the offices on the ninth floor, show no evidence of either a United Global Holdings or FX United. The address is actually that of a legitimate Wellington forex trading company, Forex Ltd. Its part owner, Simon Greig, says his firm first discovered the unauthorised use of its address about two months ago when a man who said he was from the Malaysian Embassy visited the office, inquiring about United Global Holdings because of concerns raised by people in Malaysia who were investing money in its schemes.

There is no embassy in Wellington, rather a High Commission. Why not you make police report on that company and handover all the prove that you have to police. Paying payinggggg, My 10K USD received, they start to paying now after their payment gateway upgraded.

FX United is probably the best residual income plan available in the world. I am making money and so are hundreds of thousands of others. The idiots are still complaining and working 2 jobs or maybe even cheating people so they can pay their bills. Those are some pretty convincing arguments. The Bank has updated the Financial Consumer Alert list. The list consists of companies and websites which are neither authorized nor approved under the relevant laws and regulations administered by BNM.

Pioneer Forest Sdn Bhd 3. MX3 World Wide 4. Instagroup Resources 5. Pok Din Empire Sdn Bhd 7. It took me almost 3 months before I decided to join FXU. I know. If FXU paid Tell them to pucker up and place it on your behind. Then decide if you want to invest in CGAT. You want risk free?? So yeah…. But I took that risk. Remember folks, there is risk in everything. Hell, walking out your home these days is a bloody risk.

Muggers, murderers and rapists and what not. You either try to mitigate the risk or live in fear. Or just pray like hell that nothing bad ever happens. Most people do not bother as long as they can earn money. Yes, Balan G N. Since you are very confident with the company, why not take Oz. May be you can be their honorable consultant as well.

This goes to all the scam supporters as well. If you are confident with that institution, go take a few thousand dollar loan and invest in it. Resign from your day job. Wish you all the best. Balan re: forex trading, yeah, heard it all before.

There are a number of opportunities to make money in the world today which have quantifiable risk profiles and a good return, without the need to abandon any moral sense and enrichen thieves and liars. Is fxunited a ponzi scheme? Who knows? After deregistering from new Zealand fsp. Looks like a brilliant move as now no jurisdiction in this world can freeze their perfect money or bitcoin accounts.

You and I know pretty well, once the company is listed in BNM website as company to be wary of, it is matter of time the authority moves in and take necessary action under the Malaysian law. In this event, who is answerable to the investors, UGHL?

We dont think so, it is in the process of delisting by New Zealand company register. Fxunited Power Sdn Bhd????? This owner, Dato Raja, they say this is not his real name, he is celebrated as having the biggest network and earns 2 million per month, wow, thats hella of huge money!!!!!

Do not stick to your rhetorics of how you people are making money and benefiting from this scam, even pimps are generating huge income. Just take a moment and answer these questions like a good child. None of the above 2 foreign entities are legal and every single one of it has been closed down and serious action being taken by the authorities.

Millions are stolen from people. So, the conclusion is, history is going to repeat again and all those who are still in Wonderland with Alice,especially Malaysians are going to get screwed big time. So wake up man, refer to the above link and you will notice, even this guy who was championing FXunited has warned people from investing in this company.

So think my friend, it is your hard earned money. Do not let this liars take away what is rightfully yours. I had a long discussion with Peter Tan last Friday night. Peter was presenting at a preview night held in Burwood a suburb of Sydney. I said that I had some lingering doubts about whether FX United really exists, and whether the CGAT system could continue to produce the returns that FX United pays so far — and provide a capital guarantee ie monthly top-up.

He said he had met the representatives from FX United when they were in Malaysia, and that they were clearly smart business people who knew what they were doing. He explained to me how all major trades by FX United are effectively hedged by a counter trade, which they are in a position to place in the wholesale market ie if we buy, then they sell — so that if our accounts lose, they gain by the equivalent amount … while all the time earning spread or commission on the trade.

That is why FX United is in a position to top up our accounts if they make a loss. However, he said that he did not think that CGAT was the whole story. FX United is undoubtedly holding millions of dollars, for thousands of traders, so they are in a position to place funds and earn interest on the overnight money market, and to make very large profits just from this investment.

He pointed out that if anyone is in a position maximize advantage from the the financial system for our joint advantage then it is a foreign exchange broker. However, Peter agreed that none of us fully understands all the business dealings of FX United. All that Peter could say with certainty is that they have never missed a payment on his account since he joined in August , and similarly for his boss since He also pointed out that given the very high returns provide, any trading capital placed with FX United is effectively repaid within 9 months, and if we introduce other people, then that period can be reduced down to just a few months.

At the end of the day there is risk in this investment like any business , but the risk diminishes quickly over a very short period of time. Hello, I read all the comments, did some digging and googling and oh yes, knew a few people investing in fxunited. Was asked to join them last year April and immediately knew this is too good to be true. Recovered all their investment capital. Hmm maybe i should dump some spare cash on this rather than buy a RM10K handbag for the home minister.

But wait, let me start digging again and googling bring me here. Good job to those that did extensive check on this company. Here is a summary of what my own findings:. List of companies where brian is a director before: coys. The interesting part of my findings resulted in the more questions but the following is enough to ring a warning bell that this is a definite shady company to invest. Reza Mokhtarian is a director of FXIntel based on filing of company document, what is his relationship with Brian?

David Lathrop is listed as his MD in both companies and his profile linkedin. Who is this guy besides his experiences in failed fx companies? Why are both men are not talked about in financial industries when they happened to be owning one of the best ever investment company? At least Reza is well known.

Scam by definition is someone who steal your money and runs off. Only time will tell how far this will continue. Will I invest? I give it another month and then decide whether to burn on handbag or fxunited or maybe give for raya money.

This guy does NOT understand how hedging works. The loss from one will offset any gains from another. You can look up what hedging really means in Investopedia. FX United is…in a position to place funds and earn interest on the overnight money market, and to make very large profits just from this investment. Just by providing this wrong information you cant expect any other fxunited member to take your speculations seriously.

Get ALL your facts right so at least we can take you seriously. If you really want to bust down a scam at least for do it properly. MT platform created specially for fxunited did you even download it or just assume with its icon logo hahaha. Shah if you claim that you have attended the previous dinner, you would of known that they were partners in lmax until the recent split.

Many fxunited members have also visited lmax office. Pandeyan Maruthamuthu a. Fxunited power sdn bhd does not exist in the registra but has 10 company accounts? Do you honestly think BNM is run by idiots? Their support centre in manila will be fully operational in june 16 and my personal friend has visited the office with a full team of staff. So this might be a very professional scam i assume? They are the official sponsor on the recent lamborghini event for team aylezo.

There has been a lot of speculations that fxunited is a scam since , same shit goes on many forex brokers. Those who actually invested in their auto trading platform from have all already doubled their income. The same speculations happen that how bitcoin is a failed currency but yet now is bulling up.

There will always be two sides of the story. Now for the blogger, do some homework and we are looking forward for to see some proper content, not some half ass information. What you remember is neither here nor there. They do that on the sly. Stop talking out of your arse. As for monthly reporting of forex, what token amount is reported has nothing to do with using newly invested funds to pay off existing investors.

UGHL registered as a company in and fxunited. A simple whois checks confirmed that information created but a detail check showed prior to , it is a shell domain owned by domain registrar domainbyproxy. Maybe people close to fxunited can answered this:.

Why is UGHL formed in if it starts operation way before then? What is the name of the previous company if any. How many MIB do they have and who are they? MIB names and contact should be listed and easily available. I have done my part, please do your part to find out the legitimacy of this organisation which has been blacklisted by BNM, Fx United Power Sdn Bhd from the below agencies, apologist and Paul Anderson is most welcome to write to them. You can email to all this agencies and find out whether what this guys are doing is legal or otherwise Period.

Members of the public may also check with other enforcement agencies for verification on related activities:. IB has 10 company accounts, confirmed Deposit taking and illegitimate. Paul, please answer this and dont go around beating around the mulberry bush. Paul, when UGHL is deregistered, it will be automatically a non existing business entity, so in this case who is going to pay off the investors??

Pandeyan, Paul, Priscilla or the great Brian Johson. Paul, you look like the latest champion for this scam, pity you buddy. Do you know the australian lawyer who defended this scam tooth and nail and how he has distanced himself from this mess. Go and see in his blog, he has warned people to stay away from this mess.

LINK: business. Can someone out there, please advice whether this company is still legitimate in the face of all the following actions taken against them by international regulatory bodies :. Now i get the dividends still every month for both which i guess no salaried job will do without any headaches and stress.

Jumping on the band wagon of FXU managed to sort and ease things out for this last 1. So really not worried about others who claim on the wherebouts of the money goes and comes and the company, bcos nobody else manage or was there or even cared to solve and help me out in difficult times. Joe Jacks, very good attitude buddy, keep it up and it will take you very far in life.

The company appears to be running a forex Ponzi scheme, primarily in Malaysia. Refer to the blog and the link above for A lawyers advice, you people decide what you going to do. This blog belongs to an Australian lawyer, he is also an advocate of this investment. Now he has come to his senses, when are you people going to come to your senses. I just want to use the worst words to describe you buggers but I am refraining myself for the good of healthy discussion.

Nevermind, the whole game is coming to an end, and I am so fooking tired and I going to retire from this whole sick issues. Shah, Google Dato Zulfaisal up. Plenty of information starting in and Shah you can ask your buddy to investigate him since he has plenty of legit companies in the country and some give plenty of money to investors too. We do not have to investigate anymore, the shit has hit the fan and there is going to be some intense domino effect, the nature will take its course. The false address submitted by UGHL is an extremely serious offence in NZ and on top it, the legitimate tenant of the address is taking appropriate action in New Zealand.

This investigation may have an effect on the FX united scam. Brian Johnson will be answerable for this mess, let us see what kind beans he is going to spill in FX United case. Fx united is the best forex broker.. The whole fooking world knows the whole scam is coming to an end, dont sing the same tune again and again.

Your response is merely an attempt to keep she sinking ship afloat. Nobody cares whether this assholes are good brokers or bad brokers, the issue now is theses scammers are not real brokers at all. They are scammers disguising as brokers. What are their qualifications to manage the fund? Dont time travel and go back to the past, answer what is status of this company. The company will be derigestered by 17 June if there are no objection. If this happens, Pedro are you going to pay the depositors.

Pedro, we know you are another stakeholder of this scam, its okay, try your best to regain the confidence of the public. We heard there is an exodus, people rushing to withdraw their money upon learning of the FSPR deregistration in New Zealand. Pedro, do you all still have the money or transfered all the money to your offshore bank account.

Anon : Your response is merely an attempt to keep she sinking ship afloat. Ozedit: If you wish to continue to be a part of the discussion, stop changing your comment name and republishing the same thing. Yes it is true that the NZ board had decided to remove United Global from its registrar of societies. This is something that we had already anticipated since there have been malicious remarks that have been spread by various parties who are envious of our success in the industry.

The FMA; After hearing of our huge returns to clients had asked us to justify this but after we had wrote to them, they had told us that the only way to stay on is if we removed the CGAT and WINST programme which we categorically refused. Having anticipated this, we are in the midst of registering ourselves in another country and getting the necessary authorization done.

Everything is already on the roll and we should be in order very soon. As far as Fx United is concerned, business still goes on as usual as our LP Liquidity Provider is more interested in the volume we generate than anything else so you need not worry. Your investments are safe and secure with us. We have been in the business for many years and we have been through many hurdles and we will definitely overcome this one. All smart blogger and friends here. As a depositer of course i make a Good income here as fxunited paid accordingly and My whole family also saving on it.

Ozedit: Offtopic derail attempts removed. The ROIs are unsustainable and make little sense. That FX United is being run by shady nobodies in Malaysia, who are on the run from New Zealand and Malaysia to now the Philippines, is also in line with how an illegitimate business is run.

Looks like the scammers tactic to divert the members attention to avoid the actual issue at hand has succeeded, the illegitimacy of FXunited and the other actions by the authorities and they escapade to Philippines. They are saying that Shah is a competitor, this and that. Pure bullshit. In actual fact, I think its a waste of time to reply to you people who are so easily influenced by these scam artist.

Now you answer us one question, if UGHL is deregistered on 17 June , what will happen to the members money? Pls click the LINK. Now what? Since it is in the process of removal, the whole establishment called UGHL Fxunited has no legal force or effect. The agreement between UGHL and the depositors is not enforceable and not binding anymore for new recruits and as for old depositors, kindly refer to your lawyers for more advise.

So in normal circumstances, the bank account of companies which are removed from the register will become null and void, in this case how are the transactions going to take place, BITCOIN? Now the BITCOIN system integration is blamed for members unsuccessful withdrawal, story after story and you people are dancing to their tunes.

Okay got to go for a coffee, think Singam think, dont let greed blind your wisdom and let these empty beings rob you of what belongs to you. Go around and do a little bit of background check of your leaders and you will be freaking out buddy, some of them have pulled off some big scams in Malaysia in the past and gone into hiding before emerging with brand new scams.

Have you heard of Malaysian Postal scam? Do your study buddy, you will be awed by this discovery. Go buddy, go and do your homework and you will know how the MLM industry in Malaysia is hijacked by scumbags and turned into nasty dirty Ponzi scheme. Tried to email FXUnited twice but seem no one answer my complaint or issue. Have not heard from them at all almost 2 weeks. They may be lack of management control or administration system or no staff at all in the office. I am doubt and a bit start loosing confident in doing this business.

It was highly anticipated that this shit will happen due to the pressure from the regulatory bodies in NZ and Malaysia. Too bad bro, u are at the lower rung of the scam, as such you are fooked, simple. We warned you but you were too ignorant to understand what we were telling.

Withdraw your deposits and run as fast as you could, before it is too late. There are more legal action on the way from the the Malaysian regulatory agencies. Our personal advise get your money out and in case they fail to release your fund, just post your complaints here in this forum with the full details, your upliner, the mib, ib, agent id, bank details and your losses and we will tell you exactly how to redeem your deposits.

Hey Shah, how can we contact you to find out more? I am seeing many of fxunited members are challenging the non fxunited friends here. Seriously I am very sad seeing many of my friends and relative joining this scheme. The concept are same. Please help our own people. Thank you and god bless. I know of people who knows that the company does not exist in New Zealand.

They have checked it out. They have gone to queen street and found it empty. When I speak to them they just want to make their money what happens in a year why worry is their answer. They plan to migrate as his family is already in New Zealand. Do this people trheink of others. They are the praying time.

What hippocrates they are. Think about whether you willingly to take the risk, or is best you stayed away. Hope this help anyone that have will to succeed in the Risk you take. Your scam excuses are full of shit. Do you know why they kept quiet, you bamboozle? Now, click this link and you will know why, my dear fxu partners. The operators knew from the start, where it will end, buddy. You got it. They are calm and quiet because, this is nothing new to them.

So, the partner, you are using risk clause to justify their deception and putting the blame squarely on the investors, what cock a doodle doo, you are so extremely fatuous in believing such an incredible lie.

Dear the partner, courage cannot be used as a yardstick to justify risk taking when falsehood is involved in the entire process, so wtf are you talking? It is total crap and full of bullshit and your argument and explanations is only fit and appropriate for retards. Do you know that, currently people are already having problem withdrawing their funds and getting their monthly payout. For more information on people complaining about their withdrawals, please refer to the following link:.

The conclusion is, the driving motivation behind this scheme, from top to bottom, is greed. So based on the above greed factor, everyone deserved to be screwed,except for really ignorant and imbecile folks. Lastly it takes very cold hearted people to push the scheme, and very greedy and selfish-minded ones to participate. Hi guys…. They are blaming it on a glitch and are being silent.

Am hoping I can withdraw my initial investment. Feel so stupid now bro Shah. Well, will update here if any new updates as my IB said money should be in my account by end of the week. All I wanna do now is withdraw and be happy with what I have instead of being too ambitious.

Good night guys and girls. You might think you are, and you may have been early enough and corralled more victims into the scheme, so you might be fortunate enough to nearly cover your investment. So let me ask you this. How are you going to deal with it. Are you going to be responsible for those you brought in and made an earn from?

Or are you going to be like every other scheme where its never your fault, how were you to know it was a scam. Its pretty easy actually. Look at this from a different viewpoint. You are part of an experienced trading team, and you have a rapid increasing pool of capital that you can trade with. A team you have some really solid ideas and thoughts as where the markets are going.

You absolutely certain there are a couple of events that you are certain when they occur certain currencies are going to turn very sharply and you can make a killing on in the next 12 months. You are so confident that you already thinking that you will be able to start your own fund funded by the profits that will be made for the investors in the next 12 months.

The funds are coming in quicker than you can count them, every day there are hundreds of new accounts. Its not like you can just execute all at exactly the same time and lock in exactly the same terms. Your liquidty provider on the other hand he can aggregate them together. Then lastly, you find out that the investor can call in their after a certain return has been made. Which is kind of strange since the returns are so high that to by meeting those returns no one is going to ask for their cash back.

Unless something goes wrong and well. If you had your own fund. Not only is the quantum of cash that needs to be put to work escalating the number of accounts is doubling ever month. It all arriving on different days, which means every-day positions have to be liquidated to have the cash to move into each investors accounts.

The reality justs gets more painful. The amount of trading profits made in the last 4 months is more money than anyone has ever seen before. In fact, we are now onto our 4th liquidity provider as the other 3 went to the wall. Then all the tears about how we must be manipulating the market somehow. Just because we are outperforming the market by 10x. Not sure what their problem is.

It all legit. All that needs to happen is you go out tomorrow and get 10 more people. After, all he is really tight with his upline, and he is with his, and that guys cousin, lives next door to a guy who is one of the main guys. Getting rid of that NZ company makes it a bit easier. That Trust instrument that you signed, but they only stamped with no names on it.

That should stand up in court. No problem. Since the only person it obligates is you the investor. Yeah probably best not to make a big noise in court over it. Some one might looks at the agreements and realise that as the investor you are reasonable for paying all the tax in the jurisdiction that the profits were made. But thats an issue between you and them.

The government just wants their share of the profits, if there is any capital found. It will be offset against the with-holding tax that needs to be settled. Yes of course you have to pay tax in your own country, and some up front tax planning around the existing double taxation treaties would have been smart.

Anyone that thinks that still thinks this is real, ask your world class traders at Power Rangers United. To secur. Its not possible, its not realistic and its not plausible. I had to re-read it a few times to try and understand the logic. I now realise why some people are excited about it. They believe its a magic formulae. On the basis that the broker always makes money. So by fixing the broker remuneration at 3. Collect and split the pip spread and everyone is happy.

Everyone except the liquidity provider who you are stripping the spread from. Since they are providing guaranteed returns, they have a huge surplus funds from previous trade wins to pay out investors on their due dates as the forex market itself is a no guarantee. You mean you stole money from people who joined after you… but hey, whatever helps you sleep at night. Now I need some clarification from you.

Can you tell us here what is your affiliation with all those entities mentioned above? I guess you dont read other forums. Pls refer below.. Now can you answer one simple question, why are thousands of investors in CGAT are not paid since May ? And there are also rumors going around that FX united will close shop in Malaysia by 10th August, is it true?

As Shah mentioned, maybe they are closing down by 10th August. Venusfx came in at the wrong time. Let me tell you why, FXunited is closely watched by the authority and their failure to pay the guaranteed sum to the members has become a major problem.

So at this moment it will be too risky for Venusfx to spread their wings and duplicate FXU modus operandi. So the best option for Venusfx is to collect the money and dissappear with the loot. Shahirawadey the owner of Venusfx is formerly an associate of FXunited..

The game is over for all fx related illegal companies in Malaysia. Based on the number of members FXU have, we are talking about hundreds of millions and it is probably going to be the single largest scam in Malaysia. Venus or FXUnited would have made it bigger and ran for a few years more but unfortunately their scam was cut short because there are people like OZ and other good natured people who have taken upon themselves to highlight the scams in this forum and other related forums.

After all the explosive exposures about their scam, this buggers were caught red handed and they have no choice but to run to Philippines. Even in Philippines they are not safe because Security and Exchange Commission is watching them and we will know very soon the news from Philippines. Only now, the real show is going to start because many investors who have not received their payment is heading to Bank Negara Malaysia. Bank Negara Malaysia normally warn people about company to wary of and will only watch them but this time its going to be different and action will be taken because I foresee hundreds or maybe thousands are going to throng BNM to report and get back their money.

So Singam, Shahruddin is my full name, so dont get confused and mixed up with Shahidrawadey.. Please return back my money. Already apply withdraw since june. Status sucess but haven get money back. All upline just ingnore and update other non related topic. Fxunited just paying interest only, the capital gone forever.

Scam company. Bank Negara Malaysia BNM has no authority to defreeze accounts which are frozen due to investments in illegal investment scheme. Shah, I have been following this tread for sometime. Recently you had mentioned that FXU will be closed by 10th August. Seems it still going on as usual. I heard that their investor still get their monthly returns as promised only a little bit delayed.

I am not invest in this scheme. Few of my friends are. Others plan to join and I had asked them not to invest due to what you mentioned that it will close shop soon. I fully understand that this is a ponzi scheme. I hoped this will collapse as soon as possible so that less will be their victims. Thanks for your inputs. Lately a company called Highway group was raided by the authority and I believe FXU is in the same league. Now they all goyang already. The FX United management try to calm down the investor by posting the news:.

We would like to clarify that this is not at all true. So that can already prove that this person is lying. Secondly the EU Referendum did not cause any damage to us that we have to close shop. These allegations as usual are meant to destroy our reputation as day by day our business is growing to more and more countries and naturally people get jealous of our success.

And one more thing.. FX Admin : we are here for the long haul. Fxunited is holding and try to proof their can last longer than 10 aug. Their are in state of emergency now. Sooner or later their will shop the shop. So, please new investors dont financial this scam company to run further. Makan besar for them. Try to withdral your capital, then you know the real problems.

You will get all the hangky panky things then. Refer to the below link. So all Malaysians who have contributed to the well being of your leaders and elevated them to a super rich status, now its time to redeem what you have freely given to them because the end is near. Withdrawal must go through PerfectMoney portal which is known popular among fraudsters. Than you have to find another channel to go through before money comes to your bank account. And seems the process quite complicated.

A friend of mind with 11k USK had withdrawal problem. Have been 10 days after his withdrawal request with any success. It is impossible to count quantity of pyramids which is started on PerfectMoney platform daily. It speaks about weak influence on system of different government institutions which in every possible way limit freedom of money circulation. For example, LibertyReserve system that was also famous among administrators of financial pyramids was closed in May, by federal agency of the USA.

After that case PerfectMoney quickly moved to the. Jamal : Fxunited only pay dividend on monthly bases. The capital is gone forever, eat by the leaders. I have many people here who have withdrawn their entire capital in a month and received all the money too. So where do you stand? Next question, why did they withdraw? They did that to restructure their deposits to suit their needs.

Jaason, its not Perfect Money. The person must have gone through Bankwire which can take as long as 2 weeks in some instance as the amount is big and a suspect for money laundering. From the information i obtained, this company appears to have been investigated by BNM as result of some clowns complain but found they were just a training provider company.

Some people here may be meshing bits and pieces to give their own impression which may be misleading in some parts. Anyway, my take on FXU is simple. The risk is mine and after reading all this and if i do decide to invest then it is my problem. I thank Shah for his information but appreciate if he could substantiate his finding and let people decide instead of threatening everyone.

Lexman : The risk is mine and after reading all this and if i do decide to invest then it is my problem. I think you should mortgage the farm, cash in all your savings and convince your parents to invest their retirement fund in FX United as a demonstration of your beliefs. Mr Jamal, stop being personal here. Say what want about about the FXU with substantiated proof and be professional about. Therefore the scheme is likely just using newly invested funds to pay off existing investors, making it a Ponzi scheme.

Lexman : Mr Jamal, stop being personal here. What, is there some sort of code of conduct now that says we should be respectful of pig headed apologists for ponzi and pyramid schemes??? Refer to the following link and you will know the truth, nothing but the truth that these companies are related to FXU. Refer to the above links and we hope you can be cured of your delusion and can continue leading a normal life.

So what more prove do you want, Lexman? Why the need to run to Philippines? So, you fellas think that Philippines can be your next playground? Sorry buddy, you are already under their watch. You want prove, go and get it by yourself. So, I hope these clowns Shah has given you some information to validate the claims, these are just the beginning, just a small indication of a larger thing to come, so just wait patiently and enjoy while it is still bright and breezy.

Lexman, people using their life saving money… believe in your bullshits. Let us tell you something,we know you are part of the scam and we also heard that the investors money are used for personal purchases and some even have bought properties in Australia worth millions. Wow, FXU must be a breakhtrough to many people. So the problem is our banking system or FX unites?. They recently came out in Sepang racing circuit for some branding, how come the authority allow?

Probably they just feel that since investors are still getting paid even though its taking months sometimes and there is no clear documented complain from investors, so they remain quiet. Wait and see buddy, you cannot manipulate the system too long. They are still around because investors who have not received their payment do not want to say or do something to disturb the current situation.

The members are still hopeful that their investment is safe. It is just a matter of time before these frustrated investors throng BNM to find a recourse. It wont be very long buddy. People are watching bro,you may think you are invisible but you are wrong. Remeber this, in this world there is no menu for Karma, you will get served with what you deserve. So, it is really a matter of time before the whole system collapsed. I did invest a small amount in it because of pressure from my relatives but I never believed in it.

My senior members call me coward and not willing to believe and too sceptical. And the lucky draw is only for people who invested additional 10, USD. This scheme is actually paving way for a lot of other schemes in future. The worse things is a lot of people are falling for it…. Not by just putting in a robot to make money for you.

If indeed there is such thing…. This is often a sign the end could be nigh, either by implosion or some outside means. Conventions are good signposts so take your money and run. If your relatives or senior members pressure you to keep it there, tell them you will, on them submitting a signed statement to you that they will refund every cent you once it crashes. The FXU system also mentioned that the so called broker is sharing the spread. The only way a Forex broker IMO making money is from the spread.

So, chances for them to share is very slim. Later, it go to mass through peers and relatives. Something bad waiting to explode. All the best guys, very soon they will say the witdrawal is fixed at 1. Next Wednesday onward I will travel nationwide meet all group under every main leader to explain our current challenges with local authorities …. Anyway who is the broker? What is the name of the broker? Challenges with the local authority???

What do you expect when you operate an illegitimate business. Do you think the authorities are mad to simply go around penalizing these kind of felony. Finally, like what we said before- the collapse will be blamed entirely on Bank Negara Malaysia and their leaders will wash their hands. Remember the gold scheme, same excuse same modus operandi.

The very idea that a forex trading site would have money problem should sending doomsday alarm bells all over. Effective from 1st Sept Many investors under Dato Raja have not been paid since 1 Aug I also heard some have asked for withdrawal of their capital from FX United 2 months ago but still have not received their money.

There is also 1 Mini IB who ran away with investors money. What is happening to FX United? Its getting worse and worse since June Do you have any info Fx United Malaysia? This is not just IB problem. It is FX United problem.

The problems are slowly spreading from 1 IB to another IB. If you happen to come to behindmlm. One more thing Adrian, did you hear that millions are spent by the leaders to buy property in Australia.. I believe they are stacking their loots in Australia.

This is Malaysia were talking about, let us not forget. This is why such scams will never be fully eradicated in Malaysia. End of the day you cannot stop these scams because there will always be people gullible, greedy and not wise enough to fall for it. Scams will continue as usual because Malaysians are one of the easiest people to fall for scams.

This is a statistical fact. If so why would they so publicly expose their faces? As Scam buster said, Malaysia is a fertilize ground for scam. Just wonder how many scams are there starting by days. Now there that diversified it even more. Wonder why Malaysian easily fall to these type of ponzi scams. Anyway, as long people are greedy and obese with easy money making attitude these scams will flourish in years to come.

Recently my friend complain that he is facing a lot problem related to money transection. He did as instructed but the prefect money is not approve until 14 business days till to date is unknown. Contacted Philippine regional office by sending a ticket the reply is it is only taking 5 to 7 business days for approval.

Hi, We have a big team in Networking business. We think it is possible to us joining thousand of people next 6 months from Australia. One of our friend offer us to join. We wanna join as a business entity with them. But we have to ensure the money we will deposit to FXunited remain safe. We told our friend if we see it is safe so we can invite hundred of people because compensation plan is lucrative.

But if think it is unsafe then we never ever offer anyone. So my question is if fxunited disappear who gonna responsible for client money. I saw fx united already de-registered from newzeland. So what is the main legal power behind running their business. We expect explain from both the side. Who is the founder of such a good business and board of directors?

How much they earned last 3 years. The scammers running the scheme out of Malaysia. FXUnited comes under rule no. Go figure out the above 2 rules. I am only providing the info. Please dont shoot the messenger. What is happening buddy? Where is this guy? How come he did not turn up for his own company event? Aug 26, Aug 24, Fx United Malaysia any idea when we can start withdrawing again? Today is Day 2 that all withdrawals have been blocked.

This does not look like a technical issue. We are starting to lose confidence in FX United. I have totally no idea what was going on.. No announcement, no notice, even I ask my up up up up up up up… Line still unable to answer, because we are get stuck together.. This is what the company customer service? Sudah tak cukup wang mau bayar trader lagi. Withdrawal reject due to withdraw exceed deposit.

So, siapa yg masih ada wang dlm FxUnited AND masih boleh wdraw sebab tidak melebihi nilai deposit lagi, cepat2 kasi keluar wang anda. There are so many postings which has been deleted by FXU administrators, you people can run but you cannot hide.

Thanks for the update. Bit strange they let them out on bail considering they previously fled the country. What is the status now? When will we able to get back money? You invested in a Ponzi scheme and your money is gone. I am still putting hope to get my money to be returned, how do we proceed further? Hope anyone can give advise? Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email.

Notify me of new posts by email. Leave this field empty. Unknown to us, authorities in Malaysia continued to investigate FX United after its collapse. Last Saturday Malayisan police carried out raids in four locations in Kuala Lumpur. Police have also linked 38 bank accounts to FX United, which have since been frozen. Assets belonging to the couple that have also been seized include RM Feb 15th, at am Kasey Chang Q. Mar 30th, at am Shah Q. Husband and wife scammers nabbed… finally.

Mar 30th, at am Oz Q. Aug 3rd, at am mohamad Q. Malaysia is having a better tomorrow now! Aug 30th, at am S. Poornam Q. Hope the police can get the money and return to all the investors. Oct 15th, at pm RJ Q. Oct 15th, at pm Oz Q. Dec 21st, at pm RJ Q. Founders of FX United charged and released on bail, pending criminal trial.

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I am doubt and a bit start loosing confident in doing this business. It was highly anticipated that this shit will happen due to the pressure from the regulatory bodies in NZ and Malaysia. Too bad bro, u are at the lower rung of the scam, as such you are fooked, simple. We warned you but you were too ignorant to understand what we were telling.

Withdraw your deposits and run as fast as you could, before it is too late. There are more legal action on the way from the the Malaysian regulatory agencies. Our personal advise get your money out and in case they fail to release your fund, just post your complaints here in this forum with the full details, your upliner, the mib, ib, agent id, bank details and your losses and we will tell you exactly how to redeem your deposits.

Hey Shah, how can we contact you to find out more? I am seeing many of fxunited members are challenging the non fxunited friends here. Seriously I am very sad seeing many of my friends and relative joining this scheme. The concept are same. Please help our own people. Thank you and god bless. I know of people who knows that the company does not exist in New Zealand. They have checked it out. They have gone to queen street and found it empty.

When I speak to them they just want to make their money what happens in a year why worry is their answer. They plan to migrate as his family is already in New Zealand. Do this people trheink of others. They are the praying time. What hippocrates they are. Think about whether you willingly to take the risk, or is best you stayed away.

Hope this help anyone that have will to succeed in the Risk you take. Your scam excuses are full of shit. Do you know why they kept quiet, you bamboozle? Now, click this link and you will know why, my dear fxu partners. The operators knew from the start, where it will end, buddy. You got it. They are calm and quiet because, this is nothing new to them. So, the partner, you are using risk clause to justify their deception and putting the blame squarely on the investors, what cock a doodle doo, you are so extremely fatuous in believing such an incredible lie.

Dear the partner, courage cannot be used as a yardstick to justify risk taking when falsehood is involved in the entire process, so wtf are you talking? It is total crap and full of bullshit and your argument and explanations is only fit and appropriate for retards. Do you know that, currently people are already having problem withdrawing their funds and getting their monthly payout.

For more information on people complaining about their withdrawals, please refer to the following link:. The conclusion is, the driving motivation behind this scheme, from top to bottom, is greed. So based on the above greed factor, everyone deserved to be screwed,except for really ignorant and imbecile folks. Lastly it takes very cold hearted people to push the scheme, and very greedy and selfish-minded ones to participate.

Hi guys…. They are blaming it on a glitch and are being silent. Am hoping I can withdraw my initial investment. Feel so stupid now bro Shah. Well, will update here if any new updates as my IB said money should be in my account by end of the week. All I wanna do now is withdraw and be happy with what I have instead of being too ambitious. Good night guys and girls. You might think you are, and you may have been early enough and corralled more victims into the scheme, so you might be fortunate enough to nearly cover your investment.

So let me ask you this. How are you going to deal with it. Are you going to be responsible for those you brought in and made an earn from? Or are you going to be like every other scheme where its never your fault, how were you to know it was a scam. Its pretty easy actually. Look at this from a different viewpoint.

You are part of an experienced trading team, and you have a rapid increasing pool of capital that you can trade with. A team you have some really solid ideas and thoughts as where the markets are going. You absolutely certain there are a couple of events that you are certain when they occur certain currencies are going to turn very sharply and you can make a killing on in the next 12 months. You are so confident that you already thinking that you will be able to start your own fund funded by the profits that will be made for the investors in the next 12 months.

The funds are coming in quicker than you can count them, every day there are hundreds of new accounts. Its not like you can just execute all at exactly the same time and lock in exactly the same terms. Your liquidty provider on the other hand he can aggregate them together. Then lastly, you find out that the investor can call in their after a certain return has been made. Which is kind of strange since the returns are so high that to by meeting those returns no one is going to ask for their cash back.

Unless something goes wrong and well. If you had your own fund. Not only is the quantum of cash that needs to be put to work escalating the number of accounts is doubling ever month. It all arriving on different days, which means every-day positions have to be liquidated to have the cash to move into each investors accounts.

The reality justs gets more painful. The amount of trading profits made in the last 4 months is more money than anyone has ever seen before. In fact, we are now onto our 4th liquidity provider as the other 3 went to the wall. Then all the tears about how we must be manipulating the market somehow. Just because we are outperforming the market by 10x.

Not sure what their problem is. It all legit. All that needs to happen is you go out tomorrow and get 10 more people. After, all he is really tight with his upline, and he is with his, and that guys cousin, lives next door to a guy who is one of the main guys. Getting rid of that NZ company makes it a bit easier.

That Trust instrument that you signed, but they only stamped with no names on it. That should stand up in court. No problem. Since the only person it obligates is you the investor. Yeah probably best not to make a big noise in court over it. Some one might looks at the agreements and realise that as the investor you are reasonable for paying all the tax in the jurisdiction that the profits were made.

But thats an issue between you and them. The government just wants their share of the profits, if there is any capital found. It will be offset against the with-holding tax that needs to be settled. Yes of course you have to pay tax in your own country, and some up front tax planning around the existing double taxation treaties would have been smart. Anyone that thinks that still thinks this is real, ask your world class traders at Power Rangers United.

To secur. Its not possible, its not realistic and its not plausible. I had to re-read it a few times to try and understand the logic. I now realise why some people are excited about it. They believe its a magic formulae. On the basis that the broker always makes money. So by fixing the broker remuneration at 3. Collect and split the pip spread and everyone is happy. Everyone except the liquidity provider who you are stripping the spread from. Since they are providing guaranteed returns, they have a huge surplus funds from previous trade wins to pay out investors on their due dates as the forex market itself is a no guarantee.

You mean you stole money from people who joined after you… but hey, whatever helps you sleep at night. Now I need some clarification from you. Can you tell us here what is your affiliation with all those entities mentioned above? I guess you dont read other forums.

Pls refer below.. Now can you answer one simple question, why are thousands of investors in CGAT are not paid since May ? And there are also rumors going around that FX united will close shop in Malaysia by 10th August, is it true? As Shah mentioned, maybe they are closing down by 10th August. Venusfx came in at the wrong time.

Let me tell you why, FXunited is closely watched by the authority and their failure to pay the guaranteed sum to the members has become a major problem. So at this moment it will be too risky for Venusfx to spread their wings and duplicate FXU modus operandi.

So the best option for Venusfx is to collect the money and dissappear with the loot. Shahirawadey the owner of Venusfx is formerly an associate of FXunited.. The game is over for all fx related illegal companies in Malaysia. Based on the number of members FXU have, we are talking about hundreds of millions and it is probably going to be the single largest scam in Malaysia. Venus or FXUnited would have made it bigger and ran for a few years more but unfortunately their scam was cut short because there are people like OZ and other good natured people who have taken upon themselves to highlight the scams in this forum and other related forums.

After all the explosive exposures about their scam, this buggers were caught red handed and they have no choice but to run to Philippines. Even in Philippines they are not safe because Security and Exchange Commission is watching them and we will know very soon the news from Philippines.

Only now, the real show is going to start because many investors who have not received their payment is heading to Bank Negara Malaysia. Bank Negara Malaysia normally warn people about company to wary of and will only watch them but this time its going to be different and action will be taken because I foresee hundreds or maybe thousands are going to throng BNM to report and get back their money.

So Singam, Shahruddin is my full name, so dont get confused and mixed up with Shahidrawadey.. Please return back my money. Already apply withdraw since june. Status sucess but haven get money back. All upline just ingnore and update other non related topic. Fxunited just paying interest only, the capital gone forever. Scam company. Bank Negara Malaysia BNM has no authority to defreeze accounts which are frozen due to investments in illegal investment scheme.

Shah, I have been following this tread for sometime. Recently you had mentioned that FXU will be closed by 10th August. Seems it still going on as usual. I heard that their investor still get their monthly returns as promised only a little bit delayed. I am not invest in this scheme. Few of my friends are. Others plan to join and I had asked them not to invest due to what you mentioned that it will close shop soon.

I fully understand that this is a ponzi scheme. I hoped this will collapse as soon as possible so that less will be their victims. Thanks for your inputs. Lately a company called Highway group was raided by the authority and I believe FXU is in the same league. Now they all goyang already.

The FX United management try to calm down the investor by posting the news:. We would like to clarify that this is not at all true. So that can already prove that this person is lying. Secondly the EU Referendum did not cause any damage to us that we have to close shop. These allegations as usual are meant to destroy our reputation as day by day our business is growing to more and more countries and naturally people get jealous of our success.

And one more thing.. FX Admin : we are here for the long haul. Fxunited is holding and try to proof their can last longer than 10 aug. Their are in state of emergency now. Sooner or later their will shop the shop. So, please new investors dont financial this scam company to run further. Makan besar for them.

Try to withdral your capital, then you know the real problems. You will get all the hangky panky things then. Refer to the below link. So all Malaysians who have contributed to the well being of your leaders and elevated them to a super rich status, now its time to redeem what you have freely given to them because the end is near. Withdrawal must go through PerfectMoney portal which is known popular among fraudsters.

Than you have to find another channel to go through before money comes to your bank account. And seems the process quite complicated. A friend of mind with 11k USK had withdrawal problem. Have been 10 days after his withdrawal request with any success. It is impossible to count quantity of pyramids which is started on PerfectMoney platform daily. It speaks about weak influence on system of different government institutions which in every possible way limit freedom of money circulation.

For example, LibertyReserve system that was also famous among administrators of financial pyramids was closed in May, by federal agency of the USA. After that case PerfectMoney quickly moved to the. Jamal : Fxunited only pay dividend on monthly bases. The capital is gone forever, eat by the leaders.

I have many people here who have withdrawn their entire capital in a month and received all the money too. So where do you stand? Next question, why did they withdraw? They did that to restructure their deposits to suit their needs. Jaason, its not Perfect Money. The person must have gone through Bankwire which can take as long as 2 weeks in some instance as the amount is big and a suspect for money laundering. From the information i obtained, this company appears to have been investigated by BNM as result of some clowns complain but found they were just a training provider company.

Some people here may be meshing bits and pieces to give their own impression which may be misleading in some parts. Anyway, my take on FXU is simple. The risk is mine and after reading all this and if i do decide to invest then it is my problem. I thank Shah for his information but appreciate if he could substantiate his finding and let people decide instead of threatening everyone.

Lexman : The risk is mine and after reading all this and if i do decide to invest then it is my problem. I think you should mortgage the farm, cash in all your savings and convince your parents to invest their retirement fund in FX United as a demonstration of your beliefs. Mr Jamal, stop being personal here. Say what want about about the FXU with substantiated proof and be professional about. Therefore the scheme is likely just using newly invested funds to pay off existing investors, making it a Ponzi scheme.

Lexman : Mr Jamal, stop being personal here. What, is there some sort of code of conduct now that says we should be respectful of pig headed apologists for ponzi and pyramid schemes??? Refer to the following link and you will know the truth, nothing but the truth that these companies are related to FXU.

Refer to the above links and we hope you can be cured of your delusion and can continue leading a normal life. So what more prove do you want, Lexman? Why the need to run to Philippines? So, you fellas think that Philippines can be your next playground? Sorry buddy, you are already under their watch. You want prove, go and get it by yourself. So, I hope these clowns Shah has given you some information to validate the claims, these are just the beginning, just a small indication of a larger thing to come, so just wait patiently and enjoy while it is still bright and breezy.

Lexman, people using their life saving money… believe in your bullshits. Let us tell you something,we know you are part of the scam and we also heard that the investors money are used for personal purchases and some even have bought properties in Australia worth millions.

Wow, FXU must be a breakhtrough to many people. So the problem is our banking system or FX unites?. They recently came out in Sepang racing circuit for some branding, how come the authority allow? Probably they just feel that since investors are still getting paid even though its taking months sometimes and there is no clear documented complain from investors, so they remain quiet.

Wait and see buddy, you cannot manipulate the system too long. They are still around because investors who have not received their payment do not want to say or do something to disturb the current situation. The members are still hopeful that their investment is safe. It is just a matter of time before these frustrated investors throng BNM to find a recourse.

It wont be very long buddy. People are watching bro,you may think you are invisible but you are wrong. Remeber this, in this world there is no menu for Karma, you will get served with what you deserve. So, it is really a matter of time before the whole system collapsed. I did invest a small amount in it because of pressure from my relatives but I never believed in it.

My senior members call me coward and not willing to believe and too sceptical. And the lucky draw is only for people who invested additional 10, USD. This scheme is actually paving way for a lot of other schemes in future. The worse things is a lot of people are falling for it…. Not by just putting in a robot to make money for you. If indeed there is such thing…. This is often a sign the end could be nigh, either by implosion or some outside means.

Conventions are good signposts so take your money and run. If your relatives or senior members pressure you to keep it there, tell them you will, on them submitting a signed statement to you that they will refund every cent you once it crashes. The FXU system also mentioned that the so called broker is sharing the spread.

The only way a Forex broker IMO making money is from the spread. So, chances for them to share is very slim. Later, it go to mass through peers and relatives. Something bad waiting to explode. All the best guys, very soon they will say the witdrawal is fixed at 1. Next Wednesday onward I will travel nationwide meet all group under every main leader to explain our current challenges with local authorities ….

Anyway who is the broker? What is the name of the broker? Challenges with the local authority??? What do you expect when you operate an illegitimate business. Do you think the authorities are mad to simply go around penalizing these kind of felony. Finally, like what we said before- the collapse will be blamed entirely on Bank Negara Malaysia and their leaders will wash their hands.

Remember the gold scheme, same excuse same modus operandi. The very idea that a forex trading site would have money problem should sending doomsday alarm bells all over. Effective from 1st Sept Many investors under Dato Raja have not been paid since 1 Aug I also heard some have asked for withdrawal of their capital from FX United 2 months ago but still have not received their money. There is also 1 Mini IB who ran away with investors money.

What is happening to FX United? Its getting worse and worse since June Do you have any info Fx United Malaysia? This is not just IB problem. It is FX United problem. The problems are slowly spreading from 1 IB to another IB. If you happen to come to behindmlm. One more thing Adrian, did you hear that millions are spent by the leaders to buy property in Australia.. I believe they are stacking their loots in Australia.

This is Malaysia were talking about, let us not forget. This is why such scams will never be fully eradicated in Malaysia. End of the day you cannot stop these scams because there will always be people gullible, greedy and not wise enough to fall for it. Scams will continue as usual because Malaysians are one of the easiest people to fall for scams. This is a statistical fact. If so why would they so publicly expose their faces? As Scam buster said, Malaysia is a fertilize ground for scam.

Just wonder how many scams are there starting by days. Now there that diversified it even more. Wonder why Malaysian easily fall to these type of ponzi scams. Anyway, as long people are greedy and obese with easy money making attitude these scams will flourish in years to come.

Recently my friend complain that he is facing a lot problem related to money transection. He did as instructed but the prefect money is not approve until 14 business days till to date is unknown. Contacted Philippine regional office by sending a ticket the reply is it is only taking 5 to 7 business days for approval. Hi, We have a big team in Networking business. We think it is possible to us joining thousand of people next 6 months from Australia.

One of our friend offer us to join. We wanna join as a business entity with them. But we have to ensure the money we will deposit to FXunited remain safe. We told our friend if we see it is safe so we can invite hundred of people because compensation plan is lucrative. But if think it is unsafe then we never ever offer anyone. So my question is if fxunited disappear who gonna responsible for client money. I saw fx united already de-registered from newzeland. So what is the main legal power behind running their business.

We expect explain from both the side. Who is the founder of such a good business and board of directors? How much they earned last 3 years. The scammers running the scheme out of Malaysia. FXUnited comes under rule no. Go figure out the above 2 rules. I am only providing the info. Please dont shoot the messenger. What is happening buddy? Where is this guy? How come he did not turn up for his own company event?

Aug 26, Aug 24, Fx United Malaysia any idea when we can start withdrawing again? Today is Day 2 that all withdrawals have been blocked. This does not look like a technical issue. We are starting to lose confidence in FX United. I have totally no idea what was going on.. No announcement, no notice, even I ask my up up up up up up up… Line still unable to answer, because we are get stuck together.. This is what the company customer service? Sudah tak cukup wang mau bayar trader lagi.

Withdrawal reject due to withdraw exceed deposit. So, siapa yg masih ada wang dlm FxUnited AND masih boleh wdraw sebab tidak melebihi nilai deposit lagi, cepat2 kasi keluar wang anda. There are so many postings which has been deleted by FXU administrators, you people can run but you cannot hide. FX United members you may want to know this piece of information for your future actions, refer to this link:.

Lexman, we would suggest that you better keep your mouth shut because whenever you open your big mouth, we have no choice but to present more evidence about you buggers. Do not blame shoot us for presenting this news, we are just sharing messenger what we know about this scam and the scammers. Please refer to an expert and let them explain to you what is the actual meaning of the 2 rules that you have stated.

Your interpretation is simply manipulated to suit your diseased mind, which believes in something which does not exist and conceived in your own fantasy and imagination. Go get help from a doctor before it is too late. Your imaginary company is it, Lexman? Did you notice that they have removed this company from the company register, making it non operational. Kindly, go into this link and we would appreciate if you could answer us, who are these 4 persons who are behind FX United as indicated in the website.

We would appreciate an appropriate answer and stop beating around the mulberry bush. Thank u very much shah. Thanks to all of u jamal Jason n the rest. Without ur relevant n logical info I would probably became their latest victim. Good job shah in exposing their hideous crime. My friend introduce to me on may this year.

I make a research regarding that issues a few a month ago. I want ask all of you opinion is it true what their said.. Thanks al.. Others even had gone to pawn shop to get extra cash. Bro, so you actually bought their stories about its establishment in Belgium and how it came to Malaysia.. Go out and get back what is rightfully yours. We know many of you are in dilemma and do not want to create problem and disturb the current situation and afraid that you may lose your money if BNM interferes.

Do not be afraid, the sooner you act the more affective will be your redemption and claims. Dont wait until every penny is diverted outside the country and you people are stranded. Yes Shah. Seems his facebook also have not been updated since July.

So, guys. Please take necessary steps to claim back your investment and your pride. Hopefully they find a solution for this mess, many are going to be affected brutally. These guys are busy enjoying their new found fame and wealth, let us see how they manouvre out of this web of deceit and lies. However individual are free to invest in forex companies outside Malaysia. This is on individual risk basis. BNM cannot intervene in overseas forex companies, but those companies setup in Malaysia will be subjected to action by BNM if they receive many public complaints.

If the transaction is proven from real trading company, we are free. So we may need to show them our trading account or statements to prove. If we fail to prove BNM will suspect wrongdoing or unlawful activities. Fxunited is a safe company, because we can show our statement and platforms if required, unlike certain companies promising huge profits without any platform.

You invest, sit back and collect a ROI. All FX United are doing is using newly invested funds to pay off existing investors, making it a Ponzi scheme. Pity HIM.. Sure he will die.. My apology for being blunt.. Just found this Forum, unfortunately joined FXunited 3 months ago.

Joined just because of a friends sake, I knew the risk involved before joining but I didnt expect it to happen so fast, didnt even had a chance to collect my first CGAT interest. Lately they introduced PM but now the say it will take 60 to 90 days for approval. For the moment, they are asking their beloved IBs to use their own money for monthly payout to new investors and FXU will refund back to them once all problems settle.

They even mentioned that that had seek help from Neteller, Webmoney and Skrill to be the distributing channel to investor but all refused due to licensing conflicts. Do you know the reason why their license was discontinued? These unique accounts able to provide consistent profit to their investors caused millions of people to ditch their current broker and switch to FXU.

FXU even claims they have around million investors. Just inform new investors that they will get their invested money and profit and please continue to recruit. So guys, Please take necessary steps to claim what is yours. Please educate the less known investor about current situations and please do not recruit new people. Hi Guys, Deposit sent not shown in wallet, withdrawal is pending for so long without explaination, sent ticket many times still no reply no answer no response, their admin system is the worst I ever seen in life.

This ponzi scammer comes to end of road with wrapping billion of people money brutally! This is only a scammer tactic to prepare themselves to wrap the fund held in their possession then disappears completely, even later the website is not accessible anymore, gone! Remember what we said a few months ago about this scheme and how it is going to be a very big scam in Malaysia.

This time there is no escape for these guys because it is too big to just ignore and continue our lives as though nothing happened. You can travel the whole world, get the latest car and be a film producer, rapper or even an actor butjust remember that you guys are not invisible, the time is ripe for you all to face the music. Looks like they are bulling up, bigger and stronger despite many negatives feedback in the social media.

And yes, they are actively prospecting for investors in CGAT. Let us tell you how it is going to end. A Ponzi scheme can go on for decades without being caught but it will surely come to an end, take Bernie Madoff as an example, he screwed people for a very long time until the whole scheme was exposured by internal source.

In the case of FXU, the absence of segregated account for investors and traders, it made it easy for the scammers to steal investors money. So there are prompt payouts and bad payouts from the crooks. The spoilers and the greedy ones have done damages so serious that there is no redemption for their act. So their act has snowballed to affect the whole scam. There are no central financial monitoring system, therefore every IB has their own standards of receiving and payout.

What kind of broker will employ this kind of system?? FXU is the sponsor for a local racing team, did you ever see it being officiated by big guns from FXU.. They know how to cover their trails and crimes. These hustlers have been in the industry for a very long time, they know exactly how to do, what to do, how long to do and when to exit.

The victims will be the inexperienced folks who believes in their lies. Their main players are multi millionaires and they have bug interest in the cosmetic and beauty industry and now some of them have collectively gone into movie production, and we bet it is a sure way of money laundering. This scam is good and safe only as long as the affected people are quit. When the time comes for the members to lose patient and go berserk, that is when all hell is going to break loose.

Nobody believed us, never mind it is your choice, you either let the scammers screw you left right and centre or you act at this moment and screw them and get baxk your money from this heartless being. The scammers are consolidating their money and planning their escape route, where else the STUPID investors are listening bullshit and waiting for their payments. So at the end, the investors are screwed, the scammers go scot free if they are lucky.

This time we think there us no escape for this scammers.. He had met with fellow investors in JB recently. Not on Friday as I earlier mention but before that. He is the one giving explanation about the thing I mentioned before. We do not know about the investors but any attempt to explain or justify this con job is an insult to our inteligence. A con man always stand behind a good intention, so you folks decide whether it is pure manipulation to keep this scam going or a fact. We wrote a few months back to warn thise investors to redeem whatever thwy have invested but we were ridiculed.

Now we still believe there are a little hope to recover or minimize your losses, so act now before it is too late. Saw post in one of their facebook saying that there is father who is a IB, daughter who is mini IB and wife who is also a IB who are not responding to their group members request for withdrawal. Some have not received their monthly payment for months and requst for capital withdrawal is not entertained.. Bro, that is not only case.

Even the SOB Moorthy is not responding to anyone. There is also another cow under him called Bobby who is also not responding. It seems some of investors have written to the FXU support and also no response. What you say is true. They taking the investors money and paying the bonuses and now the well is dry.

It seem the LP in NZ has frozen the assets. You mentioned there is a little chance of recovering the money. How can that be done, bro? So many people are affected. There is no such thing as FXU support. Any customer support which uses dubious and questionable ticketing system platform as a mean of customer service without any actual human interaction is a scam. A company which deals with millions of dollars which belongs to others will surely not use ticketing system.

The FXU support team is created to hoodwink the investors. Bro, please understand that FXU exist only in name and it is not a valid company. Therefore, do not expect any kind of help from them. Do you still remember where you banked in your deposits? UGHL is a front created to just show gullible Malaysians that this is a NZ company and it is reliable, it is just a ploy by the scammers to build up their reputation as an international broker.

So, the question of assets and monies frozen in overseas do not rise because all monies are deposited locally into local bank account held by local companies. For an example,refer to the below information, the depositors are asked to deposit their money into these accounts. So, now do you see, the investor have given these hustlers free money and free hand to do whatever they desire, like buying properties in Australia, being the 1st one in Malaysia to purchase a BMW 7 Series, movie producer, globetrotting, and many more.

As for recovering your investment, the best option is to get BNM to interfere because by doing do, the chances are better. In this case, the authority may take individual action on each deposit takers IB and the investors can redeem your deposits, provided the money is still in their account and not transferred somewhere else.

Another thing to note, these hustlers are paying randomly and to certain people to create confusion among the investors. So when you hear one group is getting payment and another group is not getting their payment, just remember it is their game plan to confuse the investors and to keep the scam alive. Time is an essence, please do what is right and claim your money fast before all these cold hearted bastards disappear with your money. There will be some of you who will be experiencing a failure of performance by your EA.

This situation is expected to last for about a week thus we advise you not to panic everything will be back to the usual soon. The true owners have been in Malaysia all along and they have your money in their pockets. Call BNM to get it back right now. Very soon, wait for the news. Those who are too stubborn to listen to good advise is going to get screwed. There are no other choice except to get BNM to intervene. Sorry for your predicament Bro, it was anticipated long time ago that this will happen.

Anyway you can still take some action to redeem your money if you are lucky. Many investors are afraid to go further to press the rogues to return their money, simply because they were brainwashed by the scammers not to escalate the matter to BNM or other agencies saying that BNM will freeze FXU account. Do not trust them, these so called leaders are experienced scammers and masters in disguise who have been in the industry for a very long time.

They know exactly what to say, how to say and how to screw people. In the case of FXU, there is an element of illegal deposit taking and dividend payout without any proof of profit generation. Nazmi and the rest of FXU investor, do you still want to wait without taking any action to redeem your money back from these scumbags.

My direct upline is affected as well. All of us are waiting for response from Action Team management. No need to provide us thr SOP type of response. It has becoming an insult to our intelligence. The investors has not been paid for the past months and here they are announcing only past week CGAT payment is not done. You might have realized that the CGAT adjustments for last week has not been credited to your wallets yet.

This is due to the fact we are in the midst of upgrading the system for the new CGAT product that will be announced soon. I want to join that plan and get my money back. You seems to know about how to report to the police and bnm. I want to know what documents are needed as prrof and what should i write in the report? You just have to simply report your grievances to the authorities..

We do not want to have any personal relationship with anyone but seeing you people who are so lost, we decided to call and spoke to BNM officer and the following is their advice to get back your money:.

Lodge a police report immediately and upon necessary action by the police and prosecution, they will determine the recourse for your predicament and other victims. Very slim chance buddies, try harder. FXU members said that Moorthy is in India now to explain current situation to his investors there. And, they also mentioned that Moorthy told them that he and Dato Ameer was already interviewed by Bukit Aman chaps.

ANd, they are warned to not proceed with what they are currently doing. They get even bolder and start running roadshows as Shah mentioned. The shocked news is they mentioned that there are around k to k of Malaysian who have invested in FXU. Wonder how many will left in agony once this scheme goes kaput. First of all, these assumptions that FX United is a scam is hysterically stupid.

All these socalled evidence has been made available by certain bloggers which can be easily fabricated in any manner whatsover. It is the 21st century. This is the internet. You read, watch listen to what you want. Then again, you may get others to listen read or watch what you want them to know. They are meeting people and are adressing the challenges while offering solutions. There are solutions provided. There is no such thing as easy money coming to you without any obstacles.

It will be interesting to see how they solve these current challenges. Investors will have to wait. Its not 1 or 2 investors. Many are in the same situation. This MT4 platform is downloaded from google play store for mobile devices.

Please explain these dear detectives… Reporting your panicky grievances to the police without waiting for an outcome can easily land many investors in trouble with the law. BNM has already said those who invested in forex scams will also be prosecuted in terms of liaising with an unlicenced FSP in Malaysia. The money you invested was invested through a body not governed by BNM. So once again Shah and co. It does NOT help people in anyway causing more trauma and panic.

The only verifiable source of funds entering FX United is affiliate funds, making it a Ponzi scheme. FX United will end the same as all Ponzi schemes, when withdrawals exceed the rate of new investment. Given the withdrawal delays and endless parade of excuses, by all accounts this has already happened. Its simply an opinion that its is a ponzi scheme.. The fact that they have CGAT promising returns does not mean its a ponzi.. Thas how they make money apart from CGAT. Using newly invested funds to pay off existing investors is a Ponzi scheme.

That is a fact and has not an opinion. This is false. Ponzi schemes ultimately run out of money, they collapse and the majority of investors lose money. If your assumption is based on this and solely this then it is flawed as you have not researched the complete aspect of the broker..

Their documented income includes spreads from manual traders.. Otherwise why are they charging spreads? There is no assumption. Coupled with withdrawal problems, obvious Ponzi is obvious. Now all leaders run to overseas. Dr moorthy ran to india n the best part is dont know when he will back from india.

People here want answer from many things but he is in india now. Just judge what kind of leader he is. Just pass responsibility to others ib and mini ib to support the team. What you have sent does not in any way correlate affiliate ROIs company-wide with alleged forex activity.

What you need to tie is funds invested, deposited in bank accounts and then matched up with affiliate ROI payments. Lastly, there are too many announcement from too many people from FXU who are not qualified to announce anything on behalf of the company.

Therefore, to make the long story short, please name at least one Compliant Officer and where is your compliance office situated. Correct us if we are wrong buddy! In the past we had many fans of FXU who came out championing this shady business and the moment questions are thrown to them, they go missing.

We hope you are different from them, hope you can give us answers fit for intelligent people and not something tailored for the dimwitted. One last thing, about your statement that the investors will be charged for their involvement in sham companies, it may be true in accordance to BNM context but we believe the investors still have legal remedy due to serious misrepresentation in FXU agreement document. This is in no way intimidating you.. Come up with a a reasonable response so that it may help you fellas to recruit more fools to replenish your pool o fund..

Adalakolikari- please be the champion…. Peter… ask Peter and u will know the actual shit …. Latest news.. This excuses that BNM freezed their account is another ploy to cheat the investors. These are some of the usual tactics used by local scammers when they are unable to pay their victims. Think and think until you get an answer. So, to get an actual answer, please go to BNM and get the answer. If indeed BNM freezed their account, please refer to your lawyers and gather all the victims of this scam and proceed with a class action against all those who are involved in this fraud.

There are indeed elements of fraud and misrepresentation in their client investment agreement, show this trust documents to your lawyers and they will tell you it is full of lies and deceit. The whole business plan was portrayed as a legitimate business but it was full of lies,everything from their stakeholders information to their business address, ALL LIES.

Act fast before it creates a new pool of poor who are going to be on the streets and others who are going to fall into manic depression. Its a longish story — and I was only impacted indirectly be another scheme which caused me alot of pain. Once I started to scratch below the surface I began to realise the lengths that these scam merchants will go to steal other peoples money. These are truely long cons. Spread when buying: While the spreads may vary across brokers, account types, and forex pairs, the spread will be the same whether you buy or sell.

Spreads can also widen due to volatile events such as as economic news announcements. Spread when selling: Selling is no different in terms of spread. For example, a trader who expects a price drop and creates a sell to open market order will pay the bid price to open a position, and at that moment will also realize the spread.

The ask price will be worse the rate to close the trade at that moment would create a loss for the spread amount if the rate stayed the same even though the subsequent price update may again cause a deeper loss, break-even or profit, depending on the degree of price change to the rates.

Commissions: Even in a commission-free account, traders still pay the spread, because the moment you place the trade — such as when buying at the ask price — the bid price is worse. Thus your trade reflects the cost of the spread being realized before the next price updates.

Any subsequent rate change can result in a deeper loss, break-even, or profits, depending on the degree of price movements and direction after your trade is executed. Pro tip: While some brokers offer fixed pricing, or may advertise spreads from as low as a certain value, the most meaningful measure is an average spread that is calculated over a time period that shows how consistent the broker's pricing is. Otherwise, a firm may advertise a low rate, but in reality spreads could be much worse on average.

So it is important to obtain average spreads as well as the time period when they were measured, such as the month of January or Q3 for a given forex pair. Yes, you can trade cryptocurrency similarly to the way you would trade forex. The same sort of technical and fundamental analysis is applicable to trading crypto derivatives that is, CFDs or other crypto securities which allow you to go long buy or short sell.

You can also use the underlying asset long-only to hold a longer-term position. Like forex traders, crypto traders can go long or short — that is, trade in either direction to open a new position — and use a combination of technical analysis historical and current market prices and economic news, such as unemployment data, GDP and other government or central bank data when placing a position. A key difference between forex and crypto trading is that some cryptocurrencies don't have enough price history for technical analysis to be meaningful, and fundamental analysis is limited to any on-chain public data about the project, in addition to the project sponsor's website.

Pro tip: Since there are no governing bodies to disseminate official market data — given that crypto is largely decentralized — commentary across social media channels can influence market prices. For example, Elon Musk could make a one-off comment and impact a cryptocurrency price, even though he may not be associated with a particular cryptocurrency project.

For our Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50, words of published research. Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure.

Read more about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than.

Learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

Read more on forex trading risks. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page. These trademark holders are not affiliated with ForexBrokers.

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