Anyone use Forex United?

[1stephen]

As a newbie to FOREX I am interested in a site I came across, Forex United...It offers a managed fund facility for inexperienced investors..I imagine that by attracting many smallinvestors they will be able to invest in FOREX markets...Anyone whats the go with these guys, the site looks good and it looks reputable...I would appreciate any feedback on this company.


Thanks

[Princess]

I also want to know.

[Rags2riches]

Sounds like a football club.........why pool traders when you can trade with $500.........doesn't make sense to me - or maybe you would rather have someone to blame when your money is flushed down the drain........

[fx_aussie]

Ragsie he didn't say whether it was a pooled account (illegal) or a managed account (legal)

Pooled accounts are just HYIP's like the rubbish over on the right, whereas managed accounts are for investors who don't have time to trade/learn themselves.

Managed accounts generally will return about 8% to 20% a month, with the "Manager" keeping 25% to 50% themselves. With a 25% account there is normally a set monthly fee also. With a 50% account the manager gets nothing if the account has a negative month.

Pooled accounts are for dummies who don't know any better, and these accounts usually go broke within a month or so.

[Rags2riches]

ahhhhhhh - gotcha! I am new to this HYIP stuff - 4x is now old hat but these other programs and money ideas......must admit it makes for interesting reading but I would never trust anyone else with my money. I bought into some well known mutual funds when I sold my apartment in 1999 and 2 years later had a minus of 50% - so then I decided to only trust myself to invest in interest-bearing bonds and for the last year forex as it is cheaper than physically moving money between interest bearing savings accounts (EUR to CAD/USD and return).

[Takiii]

all hyip = scam. Nothing more.

Managed accounts are risky coz frankly anyone can stuff up any day of the week and take someone down with them. Best thing is to learn yourself. If you can't do that, go and flip some burgers and save to buy an apartment to rent out.

[1stephen]

Originally Posted by Takiii

all hyip = scam. Nothing more.

Managed accounts are risky coz frankly anyone can stuff up any day of the week and take someone down with them. Best thing is to learn yourself. If you can't do that, go and flip some burgers and save to buy an apartment to rent out.

This is a pretty dumb thing to say..People all over the world put their money in the hands of professionals in a variety of fields to make money..ie stockbrokers, financial advisers etc...it is not always possible to learn everything about everything thats why there are such things as managed accounts..Perhaps this is the reason I am asking if anyone has used these guys or still are so I can get some insight in to their operations etc..I find the concept of managed accounts quite appealing, it allows me to invest small amounts of money into FOREX with someone who knows what they are doing...and assuming you go with the right group or person then you just take the losses as the come and the profits also. I will slowly learn and start doing my own but as a start I'm sure there are people that can do better than me..By the way since I first posted I've read some very positive articles in HYIP monitoring sites. Flip burgers..why dont I flip my finger at your ear.

[Money Duck]

Never used them.

[waynesgold]

Originally Posted by 1stephen

This is a pretty dumb thing to say..People all over the world put their money in the hands of professionals in a variety of fields to make money..ie stockbrokers, financial advisers etc...it is not always possible to learn everything about everything thats why there are such things as managed accounts..Perhaps this is the reason I am asking if anyone has used these guys or still are so I can get some insight in to their operations etc..I find the concept of managed accounts quite appealing, it allows me to invest small amounts of money into FOREX with someone who knows what they are doing...and assuming you go with the right group or person then you just take the losses as the come and the profits also. I will slowly learn and start doing my own but as a start I'm sure there are people that can do better than me..By the way since I first posted I've read some very positive articles in HYIP monitoring sites. Flip burgers..why dont I flip my finger at your ear.

Stephen, I am in this one and they have paid me 8% every friday direct to my e-gold account, they hold your prinicple for 18 weeks, so far they have paid me 4 weeks straight, I dont know what Takii is screaming about he was in FX Kickass.com and i followed him in there thinking he knew what he was doing and they folded in about a week. No doubt Takii will claim he made a profit, but it was a managed account of sorts, here is another go one fx-experts.com/?ref=rwcgr47 and this one maybe the best one yetQ: Who is Silver Gate Investment Group?
A: We are a group of 35 seasoned investors that were hand picked by the CEO of Udachu Financial Services LTD. to act as a think tank for quality investment strategies. Since the conception of Silver Gate we have come together to get to know each other and work closely together for a common goal. Our group has become successful in real estate development and numerous business endeavors.


Q. Is this fund the same as Udachu Fund or Udachu Invest?
A. No. Both UI and UF are separate funds with separate administration, trading strategies, traders and investment vehicles. Funds are not commingled in any way.


Q: How does your hedging system work?
A: The hedging system is based on volume trading. An automated trading system enters both sides of trade (Buy and Sell). Once a movement pattern has been established the negative side is liquidated and the positive is used to capture a small profit. This technique is also called hedge scalping. A low risk trading technique.


Q: How long is the hold on my funds?
A: Funds are held for 90 days in trade before they are available for withdrawal. Withdrawals are processed within 24 hours after hold time.


Q: Do you have proof of trading?
A: Investors with $10,000 or more invested will have read only access to the trade account. The trade account will show everything thing the traders see. Complete disclosure is available.


Q: What is the minimum investment?
A: The minimum investment to open an account will have an introductory amount of $100 for the first month of the fund being open. If you join after the first month the minimums are as follows $250 minimum the second month. $1,000 the third month and $5,000 the fourth month. It will remain at $5,000 minimum to open an account from that point on. Investment increments are a minimum of $100 each.


Q. Do you have a referral bonus and why?
A: 5% bonus is paid based on the referrals initial deposit. We are giving a referral bonus for the first 90 days only. As it is required by law that this fund is by invitation only we offer a referral bonus. No advertising of any sort is allowed.


Q. When do my funds start earning?
A. You must have funded your account by the 5th of the month in order to receive profits for that month. Returns will be posted on the 5th of each month.


Q. How do I fund my account?
A. We accept E-Gold and D-Carat only.


Q. How do I withdraw my profits?
A. You can have funds deposited into your E-Gold account, D-Carat account or directly onto your Blue Banking Debit Card. Please read the Blue Banking page for important safety options.

PM me for the referral code or email me at: info@thefineartofbaseball.com

[quadro]

I am in it and it pays