FX10 Investments: claims +10% weekly return

Forex Detective

Sergeant
Messages
146
This is a series of investigation about companies that are following the same investment pattern, such as lack of regulations, offering +10% ROI per week/life, offering 5 to 10% commission upon new referrals and subsequent new deposits or re-deposits and dealing with brokers which the funding methods and withdrawals are made via e-wallets or processors called payeer, perfect money (PM), bitcoin and so on. Also, investors are encouraged to show proof of payment over the social medias, more details will be followed on each individual thread as history unfolds, stay tuned.

Hi folks, here is their description of this program:

To get started with FX10 Investments, please READ this post FIRST and read it COMPLETELY! This is the official FAQ and getting started information.
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GENERAL QUESTIONS
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What is FX10 Investments?
FX10 Investments is a managed forex fund. The trader Peter who runs the fund creates profits buying and selling currencies on the foreign exchange market. He usually manages to make 11-12% per week and keeps anything over 10% for himself, his administrative partner Shiraz Khan, and their expenses.
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How do I make money here?
You make money by making a deposit that pays you weekly earnings. It works a lot like having a "certificate of deposit" or a savings account – you earn a percentage on your deposit or principal. The more money you deposit, the more money you make. But the percentage is the same for all members and it can be different every week.
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After I make a deposit, what else do I need to do?
Nothing
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:)Just relax and wait for Friday.
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How much money can I make?
You can make up to 2% per working day (up to 10% a week). This is not a fixed number – it is UP TO ten percent a week.
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How do I withdraw my earnings?
You don't – the money is sent to you automatically every Friday.
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Can I compound my earnings instead?
Yes, you can. Just ask to compound a specific percentage for you.
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What happens to my principal / deposits?
That is your money – you can withdraw it if you'd like. There is a 90 calendar day lock-in period for the first deposit. After that, you can ask for all or some of your money if you need it.
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Is there a website?
No, at this time there is no website. We're working on it.
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Do you pay commissions?
We currently pay 5% commissions on all your referrals' deposits – initial deposits as well as additional deposits.
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Who is this fund for?
FX10 Investments is open to everyone of legal age to make investments and financial decisions.
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Is this a HYIP or a similar Ponzi scheme?
No, it's not. FX10 Investments is lucky to have a capable trader and low expenses which translate to solid and consistent income to all of its members.
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Is this guaranteed or safe?
No, it is NOT. Your investment with FX10 is not guaranteed, insured, or regulated in any way. All investments entail risks. There is no guarantee that our investment strategies will achieve the desired results. No representation is being made that any account or strategy will or is likely to achieve profits, losses, or results similar to those discussed if any. Past performance doesn't guarantee future results. Each investor should evaluate their own ability to invest and incur any potential losses. Do not invest money that you can't afford to lose, such as borrowed money, rent money, food money, etc.
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I am scared, I don't know if I want to join
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In that case, we hereby request that you DO NOT join FX10 Investments. If you are not comfortable sending your money to strangers and taking a financial risk where you could potentially lose all your money, then this opportunity is not for you.
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What if I don't agree with any of these rules?
If you do not agree with all of these rules, you should NOT be depositing funds with us. By using our services, you agree with all the rules and regulations explained in this group.
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DEPOSITS
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What processors can I use to fund my account?
You can use bitcoin, Payeer, and Perfect Money.
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What is the minimum deposit?
The minimum that you can deposit is $100 per processor. There is no maximum amount you can have in your account.
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Can I deposit using multiple processors?
Yes, you can send multiple deposits from any of the processors listed. Just keep in mind that the minimum is per processor.
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When can I send the money?
You can send it ONLY when deposits are announced in the group. This is normally done on Saturdays and is open approximately 24 hours. There is an announcement by Shiraz for both opening and closing deposits. This is done from his page and is reposted on the official page and here in the group.
facebook.com/fxshirazkhan/
facebook.com/fx10investments/
USE ONLY THE ACCOUNT NUMBERS LISTED IN THIS PINNED POST IN THE GROUP OR ON OFFICIAL POSTS. Never use numbers from any comments!
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What about fees?
We don't charge any fees but there are some exchanger fees we have to pay. You should make sure to send extra money to cover any fees. In other words, we should receive the amount that you want to deposit. For example, if you are sending $100 in Perfect Money, then you should send $102. And there is a 1% fee for bitcoin as we have to use an exchanger.
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Where do I send my money to?
Send your deposit to one or more of our accounts:
- Perfect Money:
- Payeer:
- Bitcoin :
USE ONLY THE ACCOUNT NUMBERS LISTED IN THIS PINNED POST IN THE GROUP OR ON OFFICIAL POSTS ON THESE TWO PAGES BELOW. Never use numbers from any comments!
facebook.com/fxshirazkhan/
facebook.com/fx10investments/
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What do I need to do after I send the money?
You HAVE TO follow up your first deposit with an email to
depositfx10@gmail.com
Make sure to include all of the following information:
a) Your Full Name:
b) Amount Deposited:
c) Processor ID: (where you want to receive your earnings)
d) Sponsor (if any):
e) Attach a screenshot of your payment
You can also copy and paste the transaction number for easy verification. For bitcoin transactions, this ID is called a hash.
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(If you need more help understanding hash numbers, please watch this video
facebook.com/groups/217211225316506/permalink/325190767851884/)
Your processor ID should be in the format same as our accounts are listed above. Make sure you copy and paste your account number carefully.
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f) Those wishing to compound must say "Compound for" (mention the time frame if any) and also mention the % like Compound 50% or 100% so there is no confusion.
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Will I get a deposit confirmation?
You will, but it may take a few days to get it. Typically, confirmations are sent on Mondays and Tuesdays.
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WITHDRAWALS
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Do I need to request a withdrawal?
There are no withdrawal requests. Normally, your money is sent to you automatically every Friday to the processor indicated in your follow-up email.
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Can I withdraw to any processor?
Yes, you can withdraw to any processor, regardless of which processor/s you used when you made your deposit/s. Keep in mind there is a 1% withdrawal fee for bitcoin users as we have to use an exchanger.
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RE-DEPOSITS
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What is the minimum re-deposit?
The minimum that you can re-deposit is $50 per processor.
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How can I make additional deposits?
Same rules that apply to first deposits also apply to re-deposits. The only difference is the email where you need to send your follow-up email.
After you re-deposit, send an email to
redepositfx10@gmail.com
Make sure to include all of the following information:
a) Your Full Name:
b) Amount Deposited:
c) Processor ID: (where you want to receive your earnings)
d) Sponsor (if any):
e) Attach a screenshot of your payment
You can also copy and paste the transaction number for easy verification. For bitcoin transactions, this ID is called a hash.
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(If you need more help understanding hash numbers, please watch this video
facebook.com/groups/217211225316506/permalink/325190767851884/)
Your processor ID should be in the format same as our accounts are listed above. Make sure you copy and paste your account number carefully.
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f) Those wishing to compound must say "Compound for" (mention the time frame if any) and also mention the % like Compound 50% or 100% so there is no confusion.
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ACCOUNT STATUS AND CHANGES
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Members who want to switch from withdrawals to compounding or from compounding to withdrawals, please send an email to
compoundingfx10@gmail.com
Please attach your deposit screenshot and also the full name you wrote at the time of deposit.
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For members who want to get information about their active investment status, please send a message to Souhil Soualmia, preferably on Wednesdays or Thursdays. Make sure to send him the name that is listed in the database, and allow 24 hours for a reply.
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If you need to change your processor, send an email to
changedatafx10@gmail.com
Please attach your deposit screenshot and also the full name you wrote at the time of deposit.
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REFERRALS
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Do you pay any commissions?
We currently pay 5% commissions on all your referrals' deposits – initial deposits as well as additional deposits.
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Do I have to be a paid member to make commissions?
Yes, commissions are available only to paid members. You can not claim a referral bonus for anyone unless you've made a deposit to FX10 Investments.
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When will I get my commissions?
Usually we get to commission payouts by Tuesday.
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CASHING OUT
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Can I take my deposit out?
You can take out your deposit 90 calendar days after your first deposit. In other words, you have to be an invested member for 90 days before you can ask to take out your equity.
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Can I withdraw to any processor?
Yes, you can withdraw to any processor, regardless of which processor/s you used when you made your deposit/s. Keep in mind there is a 1% withdrawal fee for bitcoin users as we have to use an exchanger.
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Will I keep making money after I withdraw all my money?
Your earnings are based on the amount you have in the fund. If you have $0 deposited, you will make up to 10% of $0 which is nothing
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:)
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HELPFUL RESOURCES
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There are several unofficial member-created files in the Files section of this group. You can find files such as:
- a calculator spreadsheet
- a tracking spreadsheet
- a PDF with strategy suggestions
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GROUP RULES
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Our Facebook group is a "secret group" which means only people who are invited can become members as others can't even see the group. You can invite your Facebook friends by adding them to the "Add Members" box on the top right. If they are not your friends, you can enter their email address.
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Do not dump people into the group without explaining to them what this is. We don't take kindly to commission junkies! You may get blocked from the group for that.
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Please communicate with your referrals – it's good for you to build relationships with them. If you can't, at least tell them to read this pinned post CAREFULLY and COMPLETELY before asking you or us any questions.
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This is a friendly and promotion-free group. Spam and improper behavior are strictly forbidden. That includes but is not limited to hate, threats, and use of inappropriate language towards any member of the group.
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We are open to questions but not accusations. If you are not interested in this opportunity, we would prefer it if you left the group instead of preaching against it. We are also open to suggestions, but we don't like people who come in here and tell us how to do our business.
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If you like it, please join; if you don't like it, please leave.
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This group is closely watched by a team of dedicated admins. These admins are volunteers and are not employed, paid or compensated by FX10 Investments to police the group.
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Breaking any of these stated or other non-stated common rules is grounds for an immediate and permanent ban from the group.
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If you should ever want to appeal getting kicked out of the group because of a misunderstanding, by accident, or any other common reason, you can contact one of the group admins in a private message to discuss the situation.
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ADDITIONAL QUESTIONS
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If you have any other questions, you can send a private message to Shiraz Khan anytime through his page.
facebook.com/fxshirazkhan/
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PLEASE make sure you tell your downlines to read this pinned post COMPLETELY and CAREFULLY before making a deposit.
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Here's a member-created instructional getting started video
youtube.com/watch?v=WOVF3a8koNU
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These rules may change anytime without advance notice.
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By using FX10 services, you agree with all the rules outlined in this post.
 

Forex Detective

Sergeant
Messages
146
Although the investment looks interesting in the beginning, for those who are Forex traders will realize that such high returns are impossible to maintain, if +10% a month is already difficult to maintain, you can imagine that every week or for a life, as it's been advertised.

Now let's introduce some investors who are promoting the "Legal Forex Fund" as they are so proud to announce.

Logan Susnick:

Steve:

Kasper Moller:

Kelvin Wood:

Dragan Nikolic:

Moritz Renner: youtube.com/watch?v=5psFh4j_hsM

Robin Mathew: youtube.com/watch?v=fg9s1v4wNNM

And those are the "live results" from FX10 youtube.com/channel/UCughPIe0CvQAMR_rh2SK68Q

Perhaps the trades are real, but promising 10% return per week is something that no one can promise. Note that the broker used is LiteForex, because it receives their payments options, such as Perfect Money, Payeer, Bitcoin and Solid Trust Pay. Those type of payments are more difficult to track then if the money was paid back as $ dollar account under each clients name.

The problem with Liteforex is the lack of good regulation. If FX10 Investments decide that it's time to vanish, no one will be able to get their money back. If you want protection in your investment, choose investments that are regulated in UK or USA mainly, if something goes wrong, you'll have the financial authorities under your arm to help recover your money.
 

Forex Detective

Sergeant
Messages
146
The currently capital raised is over $2M in 6 months, with +8K members and growing, I expect this company to raise over $10M on the first few months of 2017.

These are some example of how investors are happy about the investment and are encouraged to post their profits on every Friday.
 

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Forex Detective

Sergeant
Messages
146
As you see, everything is done manually, the trader Peter trades on the Forex Market until Friday, closes the trades and the staff behind will be responsible for giving out the payouts back to the clients processors, in this picture, he is closing all the positions with +$196K for the week, generating about +10% profit.

Now just to remember, this is a pooled investment account, all the funds are holding under the trader name, not the clients. Then the staff that helps him will be responsible to give the profits back to the clients processors. Usually investors will receive their profits on the same day (Friday), or no later then Saturday.

The funds are not held in segregate bank accounts and there is no LPOA signed between the manager and the investors, everything is based on trust and proof of payment.

Now my question is: How come the payouts are done so fast, since it's a pooled investment, the manager has to request a withdrawal, wait for the brokers approval, which usually takes 3-4 working days.

Ah but wait a second, the withdrawals requests are done through processors such as perfect money, bitcoin and payeer, which have instant execution policy after the withdrawal request.

But imagine now, there are about 8K members on the group, let's say they have at least 3K active investors, all the payouts are manually done, as Shiraz Khan explains on the 2nd picture. So the funds are exchanged from perfect money to bitcoin and after the confirmation, they start sending the payouts to each client, imagine the amount of workload they are going through, no wonder Shiraz Khan posts that he couldn't finish the payouts and on the next day he will finish.

They claim that sending funds via bitcoin through their e-wallets to the traders processors makes the transactions costs cheaper than the usually funding process via bank accounts or credit card, which is true as you can see on the third picture. But this gives the opportunity for legal investments, since the entire capital is currently holding under the managers account. Therefore as explain before, the investment is based on the trust that the manager will make profits and the profits will be manually transferred back to the clients e-wallets.

So you're the judge here, would you give your money to anyone, without any type of contract, without even knowing where your funds are going, and all you have to do is trust that your funds will go back to you?

Don't forget that the initial funds are locked for 90 days, since it's locked, I won't be surprised if the old investors are getting paid from the newly fresh deposits from new joiners or re-deposits. If this is happening, this is a sign of Ponzi scheme, although they claim that it's not and the clients only get profits based on the trading results.

That's all by now, once I get more information, I'll update you here.
 

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Pharaoh

Colonel
Messages
20,029
Yeah baby, send ALL that money directly to the guy who claims to be trading. Since he's already made his first trillion dollars, why wouldn't he gladly make as much for everyone else? p)

Simple HYIP/Ponzi. A great way to try to collect big interest for a few months and then lose all the rest when it collapses.
 

FxMaster

Lt. Colonel
Messages
10,094
Yeah baby, send ALL that money directly to the guy who claims to be trading. Since he's already made his first trillion dollars, why wouldn't he gladly make as much for everyone else? p)

Simple HYIP/Ponzi. A great way to try to collect big interest for a few months and then lose all the rest when it collapses.

I`ll accept all money in my account as well :p
 

Forex Detective

Sergeant
Messages
146
Capital raised to $2.3M this Friday, with +10.92% profit for the week. See how the investors are super excited, with only $100,00 invested they are planning to raise up to $100K in profits by 2018. Don't forget that investors can also choose to compound 50% or 100% of their capital. So you make the calculation, the Forbes magazine will have to update their Billionaires edition next year, poor Warren Buffet.

The trader Peter makes the videos, but he is still undercover, the admin staff Logan posts the videos and all updates.

Perhaps, I should stop trading myself, because my amazing +3% monthly average (with losses in some months) seems nothing compared to those guys. This is the catch, the high returns offered will keep attracting those investors who don't have any knowledge on how a proper investment works.

If they want to do a proper investment, get a broker regulated under FCA or NFA, get a PAMM or MAM account, set up all the rules and fees applicable and be licensed as a manager. Then I'll change my mind about it. But by now, all red alert signals are out.

Something that I noticed, many investors come from rev shares and most of them were previously scammed and have no knowledge on Forex at all, so now they are gaining trust on the investment, specially with proof of payments made by other investors and how organized the investment is, with all payouts and commissions being paid quite fast and admin staffs constantly monitoring the social media, where any negative comment is excluded on the spot the member is banned. Only happy posts are allowed.
 

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Forex Detective

Sergeant
Messages
146
This is a typical concern, some investors don't get their payments on the schedule time and they start to freak out, but eventually, everyone gets paid,,,,,, by now!
 

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Pharaoh

Colonel
Messages
20,029
Don't believe those capital claims. It's easy for a well organized, well run ponzi to raise millions. A social media flash-in-the-pay HYP would be lucky to get a few hundred thousand - by claiming to have millions invested.
 

Forex Detective

Sergeant
Messages
146
Here is some discussion regarding the safety of the funds, in case the trader called Peter dies.

This admin staff Logan replies telling that someone else will take over and the profits will keep running, seriously??? So there is another trader capable of giving +10% a week???

Then Logan says that safer investments will be able to give only +10% a month with over $100K invested from a bank or trading houses!! He doesn't know what he is talking about.

So now people think 10% a month is nothing, wow!!!

By now, this investment seems unstoppable. With fresh deposits every weekend and investors re-investing their investment and commission get paid. The +10% weekly profits doesn't match in my head.

By watching the videos, it looks like the trades are real, but the matter of fact that there are 3 companies giving the same results every week seems extremely suspicious (also Forex 50 Investments and Elite Earners Club), plus no one bothers to have a regulated fund, which makes easier for the investment to disappear once they reach the desired capital they are looking for, or once they realised the investment will collapse and it's time to vanish.

I don't know the nationalities of the investors, but if there are Americans and British citizens, the fund must be regulated, which is not the case, once those authorities realise the tax evasion that may occur, they will take action.
 

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