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FxUnited bankrupt??
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 04, 2016 at 08:03
Medlem sedan Feb 22, 2011
4862 inlägg
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!
Dec 07, 2016 at 15:59
Medlem sedan Nov 03, 2015
45 inlägg
This is a bad sign. Any further news from them?
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 08, 2016 at 11:32
Medlem sedan Feb 22, 2011
4862 inlägg
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/
Dec 08, 2016 at 15:21
Medlem sedan Nov 03, 2015
45 inlägg
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 😄
Medlem sedan Feb 12, 2016
427 inlägg
Dec 09, 2016 at 13:53
Medlem sedan Feb 12, 2016
427 inlägg
Wow very bad for them. Thank you for the information. So many useful topics here!!
Accept the loss as experience
Dec 12, 2016 at 13:55
Medlem sedan Oct 21, 2016
51 inlägg
I hope people can get their money back in case of bankrupt of the broker...
Trade with determination!
Dec 12, 2016 at 14:44
Medlem sedan Mar 26, 2015
47 inlägg
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!
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 12, 2016 at 15:21
Medlem sedan Feb 22, 2011
4862 inlägg
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...
Dec 13, 2016 at 07:44
Medlem sedan Jul 13, 2016
36 inlägg
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.
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 13, 2016 at 08:14
Medlem sedan Feb 22, 2011
4862 inlägg
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.
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 13, 2016 at 08:16
Medlem sedan Feb 22, 2011
4862 inlägg
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.
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 13, 2016 at 08:16
Medlem sedan Feb 22, 2011
4862 inlägg
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.
Dec 13, 2016 at 09:54
Medlem sedan Nov 25, 2015
41 inlägg
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?
Medlem sedan Dec 04, 2010
1557 inlägg
Dec 13, 2016 at 10:37
Medlem sedan Dec 04, 2010
1557 inlägg
yes NZ regulations sucks, either use Australian brokers or those regulated by the FCA UK.
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 13, 2016 at 11:22
Medlem sedan Feb 22, 2011
4862 inlägg
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.
Dec 13, 2016 at 13:48
Medlem sedan Nov 03, 2015
45 inlägg
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.
Dec 14, 2016 at 07:25
Medlem sedan Jun 03, 2014
58 inlägg
aeronthomas posted:
yes NZ regulations sucks, either use Australian brokers or those regulated by the FCA UK.
What a novelty 😐
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 14, 2016 at 07:58
Medlem sedan Feb 22, 2011
4862 inlägg
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.
Medlem sedan Dec 04, 2010
1557 inlägg
Dec 14, 2016 at 08:14
Medlem sedan Dec 04, 2010
1557 inlägg
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.
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 14, 2016 at 10:55
Medlem sedan Feb 22, 2011
4862 inlägg
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.
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