To pharaoh,
Before exential is ponzi and now utmarkets. All forex investment as per your comments are ponzi.
How could the people trusted you?
Most people are smart enough to trust that 7% of so per month is a solid warning sign of a Ponzi. Even more people are smart enough to trust that 20% per month for any sustained period would be a financial miracle (turning $50k into Trillions in under a decade). Anyone with any capability of understanding that financial scams exist can easily trust that 2 Ponzis could be running at the same time.
Some people might even trust that this thread was created about an investment that bore some surprising similarities to the Exential Ponzi.
Or should people trust you? It sounds like you believe that Charles Ponzi is still alive, well, holds exclusive rights to the concept, and runs only one Ponzi at a time.
To quote an old post of mine about another Ponzi (some of the people behind that one are still rotting in Federal prison), "
A conman will do anything to silence or discredit any dissent. A conman also ignores inconvenient questions and then tells people “wait, it will all be ok” once things start to go wrong."
You seem awfully determined to quash any dissent while ducking questions and not providing a shred of evidence to show that any of these schemes are powered by anything but a Ponzi method.
Donatelo if you're interested for UT and infos tell me, and let Pharaoh talking about Ponzi!!
Perhaps we should all trust Nikolas on whether or not UT Markets is a Ponzi. After all, he's the one who said:
And I have to mention that I believe that for sure this kind of "companies" are ponzi! At least if you start on the beginning you will get advantage of it. For me getting back my capital on the first 5months was really good, so from now on I don't care..
It's a Ponzi and Nikolas doesn't care. Honest in a warped way, but totally unethical.
Since you've made it plain that you are convinced that all investors are consenting adults who only risk what they can afford to lose, why don't you and someone like Donatelo get together and start your own Ponzi scheme?
It seems to be each time repeated about any forex company. Anyhow everyone knows the risk and can make their own choice as I have and nikola and others. Just post any useful and correct information and not just speculations..
Adam, are you really going to ignore a warning sign you personally dug up? Things like a company claiming to do forex investments in the UK, but the FCA being unable to locate a record of them - As you reported here:
This is what FCA replied back to me
Dear Mr Hola,
Thanks for your recent web form where you ask about a firm you’ve been considering using.
I can’t find a record of this firm
Did you manage to locate their registration later, or are you going to pretend they don't need to be registered? Would you advise people to put money in a bank that didn't hold a legally required banking license too?
And, if you and others would take the time to read my work in a few other threads, I only say a company looks like a Ponzi for one reason - because it matches the clear warning signs for Ponzi schemes. I just came across a different forex investment claiming even greater returns than UTMarkets and didn't call it a Ponzi, because it's structure excludes it from the Ponzi category.