Why 3TGFX of all the other choices...?? Why not a mainstream broker...??
There are multiple Hungarian blog entries stating that 3TGFX is a Hungarian owned and operated business (registered in the very slightly regulated country of New Zealand) potentially running multiple Ponzi schemes (i.e. they may 'fix' the results of strategies run by numerous and suspiciously 'successful' teams through them) and investors are running away even from their other profitable strategies... Before the 'pyramid' collapses...
Hi Guru, thanks for your message. Yes, I've read that thread on DonnaForex, however it seems none from those members have or had any live account with 3TGbrokers? I do for 7 months now, and I can assure you the results are real.
I also had no problems with withdrawals. There are many 'ponzi, hyip rumours' however I haven't found so far even one complaint from 3TG customer related to trading conditions, service, withdrawals or anything else.
So never say never, I might be all wrong and regret it one day, but until now the performance is great. From my trader's view the strategy makes sense - quick trades, usually around big news (London, NY sessions) or during higher volatility, using momentum, all in major pairs. Btw. regarding NZ jurisdiction, there should be some new regulation terms under FMA for NZ brokers very soon, I'll find more info. Regards, Milan
You are right, Milan. No one has reported obvious wrong doing from 3TGFX at this time.
I can confirm it, as I used to have an account with 3TGFX and there were no technical issues either, 'except' for the occasional 'picture perfect' trades at the best possible entry and exit prices with absolutely no slippages (when looking at the trade reports and the chart formations). Which was just too suspicious considering the number of clients and volume they trade for their affiliated Multi-Level-Marketed team' strategies.
But remember Madoff...! You know, the guy who has pulled off the largest ever Ponzi scheme (https://money.howstuffworks.com/ponzi-scheme5.htm). How many people have complained about him or his investment performance BEFORE the 'sh.t hit the fan'...? Exactly: NOBODY! Everybody was just a 'happy camper'.
In other words NZ would be just the 'perfect' country to pull off a giant Ponzi scheme.
Considering 'safety first', I would have started such a MAM account with an Australian registered and regulated mainstream broker so my clients' deposits would be at a safer place. Why? Because profits are important, but the safety of broker deposits is much more important.
Hello guys, just to keep you informed, I currently stopped all my trading activities with generally all NZ brokers as there are new guidelines coming from FMA (NZ regulator), incl. segregated funds, min.net assets of $1,000,000, local physical office, etc...
As far as I know, these new requirements should be effective since January 2015, so I decided to rather wait for now, and see how this will affect current NZ brokers...
However, regarding to 3TGbrokers, there must be said and underlined that my experience WAS ONLY positive, there WAS NO problem or delay in withdrawing my money from 3TG brokers whatsoever. Everything was smooth and quick, communication very good - so I really can not complain about them.
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