MEGATREND CONSULTANCY, FOREX TRADING BROKER. Unsa man ni? SCAM?

[ArtM]

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Mga iStoryans,,,,Here is my short description sa akong pag encounter sa ilang one of their agent.
I try my best na ma elaborate nako ug sakto and to the best my ability.
But in the end...I need your assistance and enlightenment.

Lately, auntie sa akong wife...I believe nailad siya sa Broker for Forex Trading. But I tried to visit the office sa aning company, naexplainan ko sa ways of trading and how to maintain account. Pero dili ko motoo.
Quote:
Ask ko niya why ang account nila na hanaw na...means tanang kuarta zero?
Ingon siya: wala daw mo infused to maintain the position. Nahurot daw sa interest.So ana ko unsang klaseng investment na nga mahurot man irregardless sa value not unless below 0 ang value.
Ask ko niya pila ang value nag buy sila ug 2 lots for their position. Ingon siya, 1.63 USD/Euro. Then kadto daw nga time pila days or months after hing ubos ang value 1.58 something.
So, karon ask ko niya. What if kung ako iliquidate nko at lower price let us say 1.58. Of course, naa pa ko ma liquidate.Karon mga istoryans, naa ba maliquidate ana bisan lugi at least naa something mabalik kay mao man gyud gusto sa mga tigulang. Perting looya tawon kay mga senior citizen, and i believe giilad lang.
For your information, mao ni ilang company name "MEGATREND CONSULTANCY". Wether nagtarung sila or wala, I am not satisfied sa explaination.
I understand sa Stocks sa PSE but sa trading wala ko. So help me istoryans.
By the way, I made a record in my celphone and some evidence na nagather nako.
Please enlighten me istoryans to proceed with our retaliation....

Ang kapait.....

Naa pa gyud ni sila karon sa AYALA FGU building and still operating. Hangtod karon....
ANd I hear na utrohon na pod ang name, I don't know the reason.
Basin to camouflage their scams...

Naa pa good example kunohay niya.

Value of USD/Euro : 1.63

Then karon next trading days: 1.54

That means: negative na daw ang value ani.: 0.09 or 900 points then to multiply with 6.25 something...
Then it will come out daw ug negative 5thousand plus..So, mao kuno na ang value sa money..

Ang implication daw ana> Loss all your money. Kay negative naman then kulang pa daw ang money to maintain.
FOR ME Big question mark? Why in the hell for just a small fluctuations na all your money has drained out.

Fellow istoryans: Please enlighten me....wala gyud ko idea.
I try to research but still kulang gihapon ang akong pag analyze..On how true or how he manipulate me.

Thank you istoryans and looking forward in your reply.

[ArtM]

Hope you can paste some link na direct to the point type for Forex Trading Guide. Thanks

[makie]

Rules of investing, if in doubt, don't do it.
I've heard stories about Megatrend before. There are gray areas that needs to be explained.
Why not invest in mutual funds na lang? Klaro pa ang dagan, transparent pa kaayo ang company, then simple ra kaayo ang investment. If not, you can wait for the ETFs which will probably be open to the public this year.

[MK]

Hope you can paste some link na direct to the point type for Forex Trading Guide. Thanks

sa ako pag sabot, ang imo Auntie was letting the company trade for them instead of they themselves...sa diri pa lang sayop na.

Trading FOREX without prior knowledge/skill/discipline, then blowing the account is very much normal. I guess the trader in that company nga gahandle sa imo auntie na account is a complete newbie
He never applied position sizing, money management and risk management....

anyway, check this link nalang...

Leverage and Margin Defined | The Number 1 Cause of Death of Forex Traders | Learn Forex Trading
Lots, Leverage, and Profit and Loss | How Do You Trade Forex? | Learn Forex Trading
Leverage the Killer | The Number 1 Cause of Death of Forex Traders | Learn Forex Trading

[vipmike]

Did they give you a report with regards to the trades?

[BlueCoatSystems]

Just want to share something before you decide to invest in this firm.

1. DTI Certificate No. 01413849 is showing a different business address and not the office address.

2. Mayor's Business Permit No. 114794 is showing "Kind of Activities: Printing and Photocopying Services". Does not mention ForEx or Spot Trading.

3. Their Broker Primehill Investment Services Ltd. with BVI Company No. 121248 does not appear as registered in The British Virgin Islands FSC (Financial Services Commission).

4. Spread of 8-10 points plus brokers fee of $75 is a costly scheme.

5. Frequent recruitment of consultants/traders that you see in local newspaper ads. Newbies are trained for 5 days . They're not even required to submit NBI Clearance or Police Clearance. Can't tell if the applicant has a criminal record like Estafa.

6. When a client wishes to withdraw an amount of money (if earning) or closes his account, he will be given cash not cheque. Sounds like trying to prevent money trail.

7. Primehill which they say is operating in The British Virgin Islands had their website "http://www.primehillfx.com/" registered in HongKong. Any elementary student with basic layout and web design skills can create similar website.

8. Ask any IT professional, they will wonder why a company operating in The British Virgin Islands get their emails as far as from HongKong. Per checking sample email "inquiry@primehillfx.com" Mail Server mx01.communilink.net (IP: 203.124.10.221) is physically setup in HongKong.

9. Most of all, Megatrend or Megatrade is NOT REGISTERED TO SEC.

[mckoy_slipstream]

Sounds like the same firm who operated in metrobank plaza fuente in year 2000. Viewfairly consultancy. Forex is not for investing if you are not the central bank.

[inter007net]

Thank you for this concern being posted. In as much as I want to accommodate your queries, I am inviting you to visit the office located at the 6^th Floor, Pag-ibig Bldg., Mindanao Ave., Cebu Business Park, Cebu City. I will be glad to attend the soonest possible!

[smile_always :)]

Mga iStoryans,,,,Here is my short description sa akong pag encounter sa ilang one of their agent.
I try my best na ma elaborate nako ug sakto and to the best my ability.
But in the end...I need your assistance and enlightenment.

Lately, auntie sa akong wife...I believe nailad siya sa Broker for Forex Trading. But I tried to visit the office sa aning company, naexplainan ko sa ways of trading and how to maintain account. Pero dili ko motoo.
Quote:
Ask ko niya why ang account nila na hanaw na...means tanang kuarta zero?
Ingon siya: wala daw mo infused to maintain the position. Nahurot daw sa interest.So ana ko unsang klaseng investment na nga mahurot man irregardless sa value not unless below 0 ang value.
Ask ko niya pila ang value nag buy sila ug 2 lots for their position. Ingon siya, 1.63 USD/Euro. Then kadto daw nga time pila days or months after hing ubos ang value 1.58 something.
So, karon ask ko niya. What if kung ako iliquidate nko at lower price let us say 1.58. Of course, naa pa ko ma liquidate.Karon mga istoryans, naa ba maliquidate ana bisan lugi at least naa something mabalik kay mao man gyud gusto sa mga tigulang. Perting looya tawon kay mga senior citizen, and i believe giilad lang.
For your information, mao ni ilang company name "MEGATREND CONSULTANCY". Wether nagtarung sila or wala, I am not satisfied sa explaination.
I understand sa Stocks sa PSE but sa trading wala ko. So help me istoryans.
By the way, I made a record in my celphone and some evidence na nagather nako.
Please enlighten me istoryans to proceed with our retaliation....

Ang kapait.....

Naa pa gyud ni sila karon sa AYALA FGU building and still operating. Hangtod karon....
ANd I hear na utrohon na pod ang name, I don't know the reason.
Basin to camouflage their scams...

Naa pa good example kunohay niya.

Value of USD/Euro : 1.63

Then karon next trading days: 1.54

That means: negative na daw ang value ani.: 0.09 or 900 points then to multiply with 6.25 something...
Then it will come out daw ug negative 5thousand plus..So, mao kuno na ang value sa money..

Ang implication daw ana> Loss all your money. Kay negative naman then kulang pa daw ang money to maintain.
FOR ME Big question mark? Why in the hell for just a small fluctuations na all your money has drained out.

Fellow istoryans: Please enlighten me....wala gyud ko idea.
I try to research but still kulang gihapon ang akong pag analyze..On how true or how he manipulate me.

Thank you istoryans and looking forward in your reply.

Kinsay naghimo sa position? Kung king nag-buy/sell mo ug currency tapos napasagdan lang ninyo, nay tendency na nahurot na to, unless nagbutang mo ug STOP para ana. kung sila nag-position as a consultant, naay tendency na niubos lng gyud ang rate.. unsa ba kadugay ninyo na check ang inyo account? basin gihurot ra siya in one postion.