CGAT EA offered by FxUnited

skuncham

Recruit
Messages
1
I would like to invest in CGAT EA offered by FxUnited. Please suggest, if it is safe to invest with FxUnited
 

Pharaoh

Colonel
Messages
19,902
Take a look at it - MLM on trading commissions. Strange rules and penalties for early withdrawal.

I worry it's designed more to over-trade and generate commissions to the "upline" than to be truly profitable.
 

Pharaoh

Colonel
Messages
19,902
That was fast.

Usually when I talk about red flags at a company, it sticks around long enough for a few people to join the thread and insult me for not endorsing the risk-free money making opportunity.
 

Mad Monkey

Recruit
Messages
4
haha sry for the wrong info, they delayed. but still can login and all withdrawal functionable. but to be honest i wont put 100% confidence in it. like everyone said, invest with what u can lose
 

Pharaoh

Colonel
Messages
19,902
I suggest getting out immediately. Thinks like this have a bad habit of evaporating with little or no warning. Your account balance will mean nothing if the company disappears.
 

Mad Monkey

Recruit
Messages
4
well thx for it, im starting allocating my fund in it to other brokers d actualy. how u feel abt hot forex and exness ?
 

Pharaoh

Colonel
Messages
19,902
I might feel better about them if I wasn't a US citizen. Thanks to Dodd-Frank rules, there are only a tiny number of offshore brokers willing to even talk to me.
 

Mad Monkey

Recruit
Messages
4
i dont know dodd frank rules really do what but i know it tighten the finance rules in US. no wonder a lot broker write out a lot regulation for US citizens always.
 
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