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FX Investment Institute

Discussion in 'Has anyone heard of?' started by HugePips UK, Jan 10, 2012.

  1. HugePips UK

    HugePips UK Recruit

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    I am looking for a reliable, trustworthy Forex managed account broker. One of the companies I came across that took my interest was 'FX Investment Institute'. I would be really interested to find out about peoples experiences with this company, good or bad. Their trade stats look quite impressive but that can sometimes only tell half the story.
    Was making a withdrawal fairly straight forward?

    Any feedback would be really appreciated.

    Cheers
     
  2. Pharaoh

    Pharaoh Colonel

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    Red Flags all over it.

    Their returns are just a table of claimed profits. No statements of any kind are displayed. Anyone could open a website and claim any rate of return they like.

    Returns date back into 2009, but the website was only registered in 2010.

    No postal contact info, yet they want you to send them money (instead of sending money to broker and letting them trade your account).

    Love the Statue of Liberty graphics. Funny that the company says it's registered in Panama and their banks are in St. Vincent and the Grenadines.

    Odd that none of those specialists from worldwide leading banks are named.

    No mention of what broker they use.
     
  3. ansm

    ansm Recruit

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    [langtitle=de]Meine Erfahrung: Alles läuft super !!![/langtitle]

    Hallo @all.

    Hier nun meine Erfahrungen mit FX Investment Institut:

    Angefangen habe ich im Jan10 mit EUR in IP1. Im Okt10 habe ich dann 1/4 in IP2 verlagert - weiterhin im EUR. Im Jan11 dann ein weiteres 1/4 in IP3 (EUR). Aufteilung seitdem 50% IP1, 25% IP2, 25% IP3.

    Im Mai 2011 habe ich dann alles auf CHF umgestellt und bin seitdem nicht mehr im EUR investiert, da ich denke, dass er kurz-/mittelfristig nicht mehr in der bisherigen Form existieren wird.

    Zu Anfang Oktober 2011 habe ich dann alles 50/50 zwischen CHF und USD aufgeteilt. Die Entnahmen habe ich jedoch nur aus IP1 (CHF) gemacht und mit 50% von IP1 (USD) ausgeglichen - damit habe ich dann nur eine Auszahlungsgebühr. Meine Tendenz geht zu einem ausgeglichenen Verhältnis zwischen den drei IPs hin - eher kurz- als mittelfristig.

    In den JPY bin ich dann seit Januar diesen Jahres eingestiegen. Weil mir die EUR-Anbindung beim CHF nicht behagt, habe ich damit meine CHF-Konten belastet, so dass mittlerweile der überwiegende Anteil im USD investiert ist.

    De Auszahlungen klappen reibungslos und zumeist innerhalb der auf der Homepage genannten Frist. Einmal jedoch, habe ich knapp drei Wochen warten müssen. Bei FX und der Loyal Bank wurde der Auftrag jedoch wie gewohnt ohne Verzug ausgeführt. Bevor mein Nachforschungsantrag jedoch aktiv werden konnte, war das Geld schon auf meinem gewünschten Konto.

    Seit Anfang Januar 2012 habe ich auch meine ursprünglich eingezahltes Kapital wieder vollständig zurück. Seitdem profitiere ich von den bisher erzielten Gewinnen ohne mein eigenes Kapital zu riskieren.

    Die Angaben der monatlichen Performance stimmen meiner Erfahrung nach überein mit den verbuchten Abschlüssen.

    Abbuchungsaufträge habe ich bisher meistens sehr kurzfristig, d.h. am letzten bzw. vorletzten Arbeitstag des Monats in Auftrag gegeben.

    Meine wenigen Anfragen wurden von der Hotline immer zügig beantwortet - und alles in deutsch.

    Mittlerweile kann man seine Kontostände, einschliesslich der Provisionskonti, auch online verfolgen - anfangs bekam man nur eine monatliche Mail.

    Eigentlich alles sehr transparent und vorbildlich.

    Gruß
    ansm
     
  4. Pharaoh

    Pharaoh Colonel

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    I'd be a lot happier with that endorsement if it had come from someone with an established account here at the FPA.

    Another worrisome thought is that this could be a Ponzi scheme. In many of those, early investors do make some profits. The problem is that the profits are just money taken from other investors and it can collapse at any time.
     
  5. RahmanSL

    RahmanSL Major

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    Don't you just love it when a "1 poster" post a question about some shady company and another "1 poster" reply with a love song about that shady company???:p
     
  6. Pharaoh

    Pharaoh Colonel

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    First poster may be a real question. His account has been with the FPA for a long time, and the reply came months later. The second guy creating a brand new account just to reply and tell us about how great the company is looks a lot more suspicious.
     
  7. Romeo

    Romeo Sergeant

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    And the best about the love singer is that he joined, logged in, made the post, logged out and disappeared. That leaves a really bad smell for a scam in progress.
    Unless Mr. happy client ANSM comes back and is really keen to prove he is right about them by undergoing the P-test:)
     
  8. FX Trading24

    FX Trading24 Recruit

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    FX Investment Institute only offers investment opportunities (alternative investment forms), NOT managed accounts. Each investor receives an investment account registered to their name which is accessible online via an investment platform, where the performance, etc. can be tracked daily.

    The core of FX Investment Institute consists of 6 traders who, due to their ideological fight against interest taking by the banks, have made it possible to participate in their trading activites in the form of three separate investments.

    Information is available for anyone to read in FX Investment Institute's company profile why FX Investment Institute has to take such an unconventional path in the fight against the banks (the fight for interest for the people). In fact, this is the only way in which the goal can be achieved.

    As the Forex market is the most liquid trading market in the world, and FX Investment Institute has only offered investment opportunities since November 2009, unlimited returns are still possible – until such time as the Forex market reaches its natural limits of liquidity, at which point the returns will gradually become more moderate.

    The risks are transparent. FX Investment Institute is armed and ready to fight the banks with their own weapons for the long haul.

    FX Trading24

    P.S. The main domain name of FX Investment Institute was created on 21-Oct-09 (WHOIS). Launch and first performance results were November 2009.
     
  9. Pharaoh

    Pharaoh Colonel

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    Let me see if I can sort this out.

    OK, FxInvestmentInstitute.com - created October 21, 2009-10-21.

    English flag redirects to fx-investment-institute.com, first registered on 2010-01-21. That would be the source of the confusion over dates.


    You seem to be a bit vague. It's not a managed account, but your service provides investment "opportunities" via 6 unnamed traders.

    Let's say I throw $10K your way. Do I have a trading platform where I can enter trades based on recommendations from your 6 traders? Do some or all of your traders place trades in my account (accessible from my platform)? Is my money dropped into an investment pool with funds from other clients? Or does this work in some completely different way.

    From what I can see on the website, it looks like this most closely resembles a pooled investment traded by company employees.

    The biggest issue with pooled accounts is that clients typically have no way to know if money is really being traded or not. There is almost never direct proof from any broker that even 1 trade ever took place.

    Without a pile of additional information, including real proof of successful trading, I recommend keeping money far away from this one.
     
  10. ianm

    ianm Recruit

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    I invested in FX Investment Institute about 18 months ago as it was the only outfit I could find with a reasonably consistent 6% per month return. Due diligence was difficult as there are no names, no phone numbers, no regulation, just email contact. Only reassurance came from FXTrading24 in Zurich, who act as referring agents. Anyway I decided to go ahead and invested equally in all three strategies. Daily performance is available from their website, account summaries are emailed at the end of each month, withdrawals were dealt with promptly, emails replied to promptly, in fact all Admin was well handled. I have now withdrawn all my funds and realised the expected profit.

    Nevertheless, to put your money with them is a matter of almost blind trust. I only put a small proprtion of my funds with them. With the benefit of hindsight, I would not take this kind of risk again, preferring to invest with a regulated broker under an LPOA. Nevertheless I had a faultless experience with them.
     

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