|
Since
2001, the Commodity Futures Trading Commission (CFTC) has
filed 93 enforcement actions in federal court against hundreds
of firms, owners and employees for defrauding over 25,000
customers who lost over $395 million in forex
schemes.
Many firms have popped up and stated they have 5 year
track records, (usually with too good to be
true returns )when a simple check of
the domain name will protect you, and show you they sometimes
just started the month
before!!
Although
forex dealers must be regulated, firms and individuals can
solicit retail accounts for forex dealers and manage those
accounts without being subject to any regulatory
requirements.
Meaning, No License and possibly little or no
experience.
Deal
with Someone who is Licensed and
Experienced
Deal
with a firm who will treat your money as you would ,with
Capital preservation in mind. Although forex dealers must be
regulated, firms and individuals can solicit retail accounts
and manage those accounts without being subject to any
regulatory requirements.
Meaning, No License and possibly little or no
experience.
Below are some Warnings and excerpts, some from the
The United
States Commodity Futures Trading Commission
(CFTC):
Information and Stories abound
about Individuals AND Institutions being victims of Forex
Fraud , we can inform you , but feel it is most
important you are aware and educated a little, so you can see
the difference with us and benefit from our experiences and
knowledge .
"Forex investments are very low
risk."
"You can double your money."
"Mortgage your house
or use your retirement funds.
My recommendations can't
miss."
Stay Away From Opportunities That Sound
Too Good to Be True -
Always remember that there is no
such thing as a "free lunch." Getting your money back
once it is gone can be difficult or impossible.
Avoid
Any Company that Predicts or Guarantees Large Profits
-
Be extremely
wary of companies that guarantee profits, or that tout
extremely high performance. In many cases, those claims are
false.
The following are examples
of statements that either are or most likely are
fraudulent:
-
"We guarantee you will make at least a 30-40% rate of
return within two months."
-
Stay
Away From Companies That Promise Little or No Financial Risk
and or Avoid any company that predicts or guarantees large
profits with little or no financial risk.
-
Be wary of
high-pressure tactics to convince you to send or transfer
cash immediately to the firm, ( NOT a Counter party such as a Bank or Regulated
Institution) via overnight delivery companies, the
internet, by mail, or otherwise.
-
Keep in mind even if it is
a glossy brochure or sophisticated-looking charts,
that the information they contain might be
false.
We will give you an
objective honest opinion
based on our experience and stories related to
us
, kindly fill out
our
REQUEST
FORM
Past
performance is not indicative of future results, and market conditions change, some start at
different times so performance records are
different.
Past
performance is not indicative of future results, and market
conditions change, some start at different times so performance records are
different.
Before deciding to participate in the Forex market, you
should carefully consider your investment objectives, level of
experience and risk appetite. Most importantly, do not invest
money you cannot afford to lose. There is considerable
exposure to risk in any off-exchange foreign exchange
transaction, 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 currency pair. More over, the
leveraged nature of forex trading means that any market
movement will have an equally proportional effect on your
deposited funds. This may work against you as well as for you.
The possibility exists that you could sustain a total loss of
initial margin funds and be required to deposit additional
funds to maintain your position. If you fail to meet any
margin requirement, your position may be liquidated and you
will be responsible for any resulting losses. To manage
exposure, employ risk-reducing strategies such as 'stop-loss'
or 'limit' orders.”
Note: This is not a solicitation to invest,To invest,
the Account
Documents must be read and Agreement Forms
Signed.
Note: This is not a solicitation to invest,To invest,
the Account Documents must be read and Agreement
Forms Signed.
|
