FxUnited bankrupt??
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 04, 2016 at 08:03
Hi,
I just got email from FxUnited that they are not able to pay withdrawals!
I just got email from FxUnited that they are not able to pay withdrawals!
तबसे मेंबर है Nov 03, 2015
45 पोस्टों
Dec 07, 2016 at 15:59
This is a bad sign. Any further news from them?
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 08, 2016 at 11:32
jackell78 posted:
This is a bad sign. Any further news from them?
No more news so far. But you can read this
https://www.reddit.com/r/Thailand/comments/4lj9t0/fx_united_is_a_scamponzi_scheme_avoid_at_all_costs/
तबसे मेंबर है Nov 03, 2015
45 पोस्टों
Dec 08, 2016 at 15:21
togr posted:jackell78 posted:
This is a bad sign. Any further news from them?
No more news so far. But you can read this
https://www.reddit.com/r/Thailand/comments/4lj9t0/fx_united_is_a_scamponzi_scheme_avoid_at_all_costs/
Thanks for sharing the link! Cheers 😄
तबसे मेंबर है Feb 12, 2016
427 पोस्टों
Dec 09, 2016 at 13:53
Wow very bad for them. Thank you for the information. So many useful topics here!!
Accept the loss as experience
तबसे मेंबर है Oct 21, 2016
51 पोस्टों
Dec 12, 2016 at 13:55
I hope people can get their money back in case of bankrupt of the broker...
Trade with determination!
तबसे मेंबर है Mar 26, 2015
47 पोस्टों
Dec 12, 2016 at 14:44
Bohdan73 posted:
I hope people can get their money back in case of bankrupt of the broker...
If it is a real ponzi scheme, I have serious doubts anyone would get their money back.
Trade fast, learn fast, never regret!
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 12, 2016 at 15:21
Bohdan73 posted:Well it depends. It seems clients money were not separated on 3rd party bank account
I hope people can get their money back in case of bankrupt of the broker...
तबसे मेंबर है Jul 13, 2016
36 पोस्टों
Dec 13, 2016 at 07:44
Bohdan73 posted:
I hope people can get their money back in case of bankrupt of the broker...
This is curious, the company operates in New Zealand, according to the news, but there is illegal pyramid scheme. How is this possible? This Ponzi company will have many problems really.
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 13, 2016 at 08:14
tradfred posted:Bohdan73 posted:
I hope people can get their money back in case of bankrupt of the broker...
This is curious, the company operates in New Zealand, according to the news, but there is illegal pyramid scheme. How is this possible? This Ponzi company will have many problems really.
Currently my broker switch from NZ regulation to Vanuatu. They call it improvement. I did not trust them first but after reading some articles it seems NZ regulation is no longer good.
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 13, 2016 at 08:16
trill12 posted:togr posted:Bohdan73 posted:Well it depends. It seems clients money were not separated on 3rd party bank account
I hope people can get their money back in case of bankrupt of the broker...
Does that mean that, in a way, your money could be safe?
Nope it does mean company did not keep them separated and used them for its own purposes.
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 13, 2016 at 08:16
Actually NZ regulation sucks
In New Zealand, there are 3 well known institutions: FSPR, FSCL and FMA, but neither of them acts as a regulatory body for New Zealand Forex brokers.
<br>Although brokers are required to follow a simple registration procedure in order to provide financial services, it's fair to say that Forex trading in New Zealand so far is not fully supervised by any regulatory institution.
<p><b><a href='https://www.business.govt.nz/'>Financial Service Providers Register (FSPR)</a></b> - is a government business registry, where entities providing financial services are required to register. All NZ Forex brokers are registered with FSPR.
In New Zealand, there are 3 well known institutions: FSPR, FSCL and FMA, but neither of them acts as a regulatory body for New Zealand Forex brokers.
<br>Although brokers are required to follow a simple registration procedure in order to provide financial services, it's fair to say that Forex trading in New Zealand so far is not fully supervised by any regulatory institution.
<p><b><a href='https://www.business.govt.nz/'>Financial Service Providers Register (FSPR)</a></b> - is a government business registry, where entities providing financial services are required to register. All NZ Forex brokers are registered with FSPR.
तबसे मेंबर है Nov 25, 2015
41 पोस्टों
Dec 13, 2016 at 09:54
togr posted:tradfred posted:Bohdan73 posted:
I hope people can get their money back in case of bankrupt of the broker...
This is curious, the company operates in New Zealand, according to the news, but there is illegal pyramid scheme. How is this possible? This Ponzi company will have many problems really.
Currently my broker switch from NZ regulation to Vanuatu. They call it improvement. I did not trust them first but after reading some articles it seems NZ regulation is no longer good.
So you read positive things about the regulation in Vanuatu and you trust the regulator there, don't you?
तबसे मेंबर है Dec 04, 2010
1557 पोस्टों
Dec 13, 2016 at 10:37
yes NZ regulations sucks, either use Australian brokers or those regulated by the FCA UK.
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 13, 2016 at 11:22
shirley_F posted:togr posted:tradfred posted:Bohdan73 posted:
I hope people can get their money back in case of bankrupt of the broker...
This is curious, the company operates in New Zealand, according to the news, but there is illegal pyramid scheme. How is this possible? This Ponzi company will have many problems really.
Currently my broker switch from NZ regulation to Vanuatu. They call it improvement. I did not trust them first but after reading some articles it seems NZ regulation is no longer good.
So you read positive things about the regulation in Vanuatu and you trust the regulator there, don't you?
Well I trust my broker - it has the best score on FPA as well.
And it is better to get it regulated on Vanuatu then nowhere. As they were just registered on NZ.
तबसे मेंबर है Nov 03, 2015
45 पोस्टों
Dec 13, 2016 at 13:48
togr posted:
Well I trust my broker - it has the best score on FPA as well.
And it is better to get it regulated on Vanuatu then nowhere. As they were just registered on NZ.
I suppose you either also trust the regulation in Vanuatu more than regulation in the UK, US or Europe, or the regulation is a secondary factor for your selection of brokers. I completely agree that regulation is better than just registration, as regulation implies compliance with certain rules and code of conduct by the broker.
तबसे मेंबर है Jun 03, 2014
58 पोस्टों
Dec 14, 2016 at 07:25
aeronthomas posted:
yes NZ regulations sucks, either use Australian brokers or those regulated by the FCA UK.
What a novelty 😐
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 14, 2016 at 07:58
mitchel14 posted:aeronthomas posted:
yes NZ regulations sucks, either use Australian brokers or those regulated by the FCA UK.
What a novelty 😐
Honestly I did not know that.
तबसे मेंबर है Dec 04, 2010
1557 पोस्टों
Dec 14, 2016 at 08:14
There was another broker this year in NZ that also was found to be a Hungarian ponzi scheme. I used to work for an Australian AFSL license holder, as a financial planner, so know all the regulation stuff, plus brother works for ASIC. Tickmill has now got their FCA license and Varianse is another FCA regulated broker with good conditions I am hearing from other traders. I will be trying them out soon also.
तबसे मेंबर है Feb 22, 2011
4862 पोस्टों
Dec 14, 2016 at 10:55
aeronthomas posted:Never heard of Varianse but I have very good experience with tickmill
There was another broker this year in NZ that also was found to be a Hungarian ponzi scheme. I used to work for an Australian AFSL license holder, as a financial planner, so know all the regulation stuff, plus brother works for ASIC. Tickmill has now got their FCA license and Varianse is another FCA regulated broker with good conditions I am hearing from other traders. I will be trying them out soon also.
