[SophiaBontuna]

Dear All,

One of my friend is insisting me to invest in Forex trading , Company Name is Instant forex. is it safe for log time, what r various scheme available in forex and how much return we can get monthly/quartely/yearly.

pls advice

[faith4fortune]

Hi SophiaBontuna ,

If you’re considering investing in Forex I suggest you make a research first. Choosing the right broker is really important if you want to make money in trading Forex online.

The following can be helpful in assessing your broker and in investing in forex:

1.Is the Forex Broker House you’re eyeing registered in a regulated country?

-It is important because it ensure credibility.

***Here’s a list of the regulatory authorities:      
ASIC (Australia); OSC (Canada); DFSA (Denmark); BAFIN (Germany); FSA (Japan); GSCGI Polyreg OAR-G ARIF CFB SFDF (Switzerland); FSA (United Kingdom); SEC, CFTC, NFA (National Futures Association) or FDF (Swiss Federal Department of Finance) for US traders and brokers.

You can search for other regulatory authorities but this are the more reputable.

Finding out the country of the regulatory authority is equally important as some countries may have flexible laws for regulated forex brokers.
If your Broker is registered in any of those regulatory authorities then you have automatically eliminated the possibility of forex fraud.

2.Another parameter you should look into is your brokers’ limitations, potential and historical performances and transparencies in transactions — the ease in opening an account and more important than the deposit is the ease in withdrawing your profits, how long does it take for you to get your money into to your bank? The ability of your broker to serve withdrawn amount from your account fast and with an accurate report on all the transactions made in your account measures the legitimacy and transparency of your broker.

3.The spread that your Broker is offering is important for a successful trade.

-Choose a Broker that offers a tight spread. I worked with a local broker house before and to what I know most of the local broker houses that we have here in the Philippines offers spreads as wide as 14pips, when translated to money that’s automatically $140 off your profit.

Wide spreads make it difficult for you to earn. I am now working with an International Broker here in the Philippines and with a spread as tight as 2pips even lower for some currencies and I can tell the difference. I can really tell this is the kind of investment that you want.

4.Other important things to look for are the following: availability of fundamental and technical analyses tools, and a user-friendly trading platform and transaction costs and margin requirement. Transaction costs and margin requirement are as important as the spread the lower it is the better for you.
 
5.Lastly, if you are not familiar in investing in forex and whether or not your account will be traded by you or be manage by an agent I suggest that you invest in a broker with a proven track record in customer support. A company who helps their clients invests in their education; provides regular customer training and provides 24hr support — you can talk to support representative and even the dealers anytime of the day at no additional fee.

Final thoughts, invest in your education if you want to be successful in your trades you have to acquire certain knowledge to equip you in trading, whether you will trade your account or it will be handled by an agent it would be best of you understand the how investing in forex works. It can be rewarding.

By the way, right after I read your message I made my own research about the company you mentioned but I suggest you make your own research, I don’t want to appear suggestive. But I’d like to share this site I discovered while researching for your broker please check http://www.forexgod.com it is a non-advertised or non-paid site it provides an unbiased advice on Forex Trading. You can also check their recommended brokers — I am proud that our company is at the top of their list.

Last question, is your friend an agent of the Broker you mentioned? I hope not coz I don’t want to appear competing

Our company is conducting a clients training at  the Makati Shangrila Hotel this month we also handle one-on-one training. If you want to learn more please feel free to email me at mai.mercurio@eca-easyforex.com. I hope I was able to help. Thank you

[banson]

Trading on the Foreign Exchange (Forex) is big business and anything that can assist in achieving the maximum return on investment (ROI) is always going to be valuable to any trader.  One such tool is a Forex Robot. Forex robots are software based programs designed to help a forex currency trader make profitable trades and increase their ROI. This software (for ex i use annaforex.com) is also commonly referred to as forex expert assistants, forex EAs, or forex bots.

[frankpure]

Hi SophiaBontuna. my advice for you is trading forex by yourself. if you do not trade before, learn to trade. but if you do not want to learn, then invest your money for other things. remember, invest only for things you are familiar.

[HHenry]

Hi Sophia! I was hesitant in forex too. But I'm good with Admiral Markets PH now. Any how, here are the qualities that you need to look for in an online forex broker.

Credibility

This is the first and foremost thing that you need to check. Make sure that your online broker is licensed and legitimate.

You can have a background check by visiting its website. You can review their ‘About Us’ page and try to reach their support hotline. You can also join forex forums and ask fellow traders especially the veteran ones about their brokers. These sites usually name the best and worst brokers online.

Security

Your security and privacy is another important factor that you need to consider. No one wants to have their money handled right away without knowing if their system can be easily hacked or if they’re really honest with the terms and conditions during registration.

You can also review some regulating bodies to ensure that they are entitled to function as brokers. According to Babypips’ website, here’s the list of organization and their respective countries regulating online trading.

United States: National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
United Kingdom: Financial Services Authority (FSA)
Australia: Australian Securities and Investment Commission (ASIC)
Switzerland: Swiss Federal Banking Commission (SFBC)
Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)
France: Autorité des Marchés Financiers (AMF)

Spread

In every trading transaction that you will go through, you will encounter spreads or transaction costs. Although there are times that you need to give up low cost transaction for much reliable forex broker, it’s important to look for the cheapest spreads without disregarding security.

Deposit and withdrawal

When you want to harvest the fruit of your labor or want to plant more seeds for more trading, you should encounter no problem along the way. Your online broker should keep every deposit and withdrawal in the easiest and most convenient way possible.

Trading tools

There are many trading platforms offered by different brokers. Since majority of activities will be happening with trading tools, you must be particular with the functionality and ease of usage of such tools. It must also give updated news and right charting gears.

Customer service

Business doesn’t end when deposits take place. Your broker must be reliable especially when problem arises. Technical and friendly support should give you a lift when encountering dilemmas. Brokers of online forex in the Philippines offers customer support thru phone and chat available 24/7.

Just like choosing an online casino, deciding where you want to invest your cash with is a huge challenge. No one wants to be caught off guard and end up with swindled money.

However, unlike casinos, we are not dealing with luck here. Forex is an industry filled with skilled individuals to battling it out with the best trading strategies.

I hope this helps you. 

[papito13]

ok ganto nlng po po Sophia, Forex trading in general is ok, LAHAT nmn kasi may risk, but bare in mind kng mag ttrade ka po ng forex dapat ikaw ang hahawak ng account mo and be sure to choose the right broker,

it takes time to learn forex, as in a long time tlga!! pero kng masipag at machaga siguradong kikita nmn at malaki pa.. pero kng di ka sigurado kng kaya mo tutukan at may day job ka? family? or anything that will keep you away from trading your self, then avoid investing, madali sa madali kumita sa forex, at mas madali mwala pera mo dun..

i think you are reffering to instaforex (broker) and parang manged account ang inaalok sayo, we call it PAMM, mahirap makipag sapalaran lalo na pag di mo kilala un  mag hahandle ng acccount mo,, madami na po ndale sa ganyan

but the decision  is yours, kng tiwala ka at mukang ok tlga at sure ung pangako nya at guaranteed tlga then go lng po,,

madami kaming mga forex traders dito but we trade our own accounts, I trade with hotforex (whcih is a different broker) others trade with other brokers namely oanda, instaforex and admeral markets.. kng gusto nyo po mag forex payo lng po pag aralan nyo po at mag trade nlng kayo ng sariling account..

best of luck po!

[beautifulmind]

Hello Sophia,

Maybe my post on other thread would help you too.
http://www.pinoymoneytalk.com/forum/index.php?topic=40097.msg415899#msg415899



I am using a high profitable and proven good track record Forex manager.

I can forward your details to him if you are interested.

I am forex newbie. Whilst learning, I decided to let 'others' trade my money. Yes, it's true, its better you manage your own hard-earned money. But, if you dont have enough experience, knowledge and discipline in forex, your money can be wiped out in few days!

So, I carefully chose a manager while I am learning. He is scalper, trainer and for me expert. He has 14yrs experience in forex market. He used to be hedge fund manager from big UK company (ABG Group) and forex trainor. Last year he started to manage forex account for others. He started with old clients whom he worked with while he was in ABG. After 12months the account has gained 480%+. He follows very strict money management rules (kaya nga cguro nakapag 480% gain cya. Due to his excellent performance, his clients has grown quickly (from 7 to 30+ and growing).

Before, his service was only available to institutional accounts (corporate accounts). Then he started to manage retail (private individual) account lately too, started with friends. Friends na din kami ngayon

On his program - you will have full access on your money (can withdraw anytime), but you cannot trade it yourself (hehe.. because he will do the trading for you). He cannot withdraw your money too or anything like that, only trading access.

Minimum investment is 10k USD for private individual (retail account). And 100k USD for corporate or institutional accounts.

You would need to open an account with MIG Bank in Switzerland (he will assist you on the process).

PM me if you are interested. I'll forward your details to him.

I have access to actual performance and history of transactions. There you could verify his performance and proven track record.

Be careful on choosing Forex Manager, a lot of them are scammers.

Forex is a market with a huge interest for investors; no wonder that scammers are hunting for the big money here. The problem is that many potential investors hear a lot about making money of Forex, but know nothing about the specifics of this market. Therefore these people can be easily lured into a scam designated as a Forex investment.

Just some pointers to smell scam;

Forex Investment Scam Trick #1 – Send Me the Money.Never send your money to the Forex trader or Forex trading company – your money can “evaporate”. Even if they give you a bank account, today it is possible to open a fake bank account; so the chances of losing your money are very high.

Solution: You do not send money to traders. You open your trading account DIRECTLY with the reputable Forex broker. One of them is MIG Bank - a company that has global recognition for YEARS on this market. So, you open an account directly with this broker. You are the only person on the planet whom this broker allows to deposit or withdraw the money from this account. I even asked MIG Bank to allow my sister to wire transfer on my behalf because I am out of the country (philippines), but they did not allow me. Because the deposit money could only come from your own personal account. same name should appear. Same goes for withdrawal. They don't transfer money to any account except your own. So, that is YOUR account. The trader is only able to perform trading operations with the money under your limited power of attorney. They cannot withdraw this money and buy a yacht a villa in Spain, or a fancy sport car.

You are the only and absolute owner of the account that you open directly with a world famous Forex broker. You track absolutely everything. No intermediaries (who can disappear) – no risk that someone will take your money.

AND, any professional Forex brokerage company is checking the identity of its traders. Better than any FBI and CIA. That is why you can be sure that these traders are real people who do not have any chance to run away and disappear.

Forex Investment Scam Trick #2 – We Guarantee Profits

No one is allowed to guarantee profits on the Forex market – this is against the law.

The reasons are obvious, because Forex is a risky market. Even if someone has been making profits from Forex trading 60 months in a row – there is no guarantee this trader will make profits the next month.

That is why when you see any HYIP or other investment programs which say ‘we guarantee X% monthly or Y% daily’ – congratulations, you have found a scam. It is prohibited by law to promise any guaranteed profits from Forex trading.

Forex Investment Scam Trick #3 – Great Reviews
Even if your best friend is recommending a HYIP – this friend can be fooled by the forums, reviews, articles, press releases and videos.

Forex Investment Scam Trick #4 – They Paid at the Beginning
Most of the scammers pay at the beginning, because they have to feed the market and spread the good buzz. Before they start any scam, they have at least 6 months’ reserve for payouts – but they will rip off people for a much bigger money. For them this “payment at the beginning” is like an investment, a necessity. For naive investors this is a bait. You would be surprised how many people got caught onto that bait. Maybe even you were one of the victims. If so – sorry, but you should have read this post earlier.

Forex Investment Scam Trick #5 – They Had Nice Income %

Come on!

Anyone can take Photoshop and draw everything. Pay $50 to a good web designer and you can “boast” with screenshots of billions USD on your account.

================
In short, don't just trust anyone!

Even such a great post like mine, should not make you trust me. If you trust me just for reading these tips, then you have missed the idea of this post – take the veil away from your eyes.

There is just one thing you can trust in this world: a global reputation of worldwide famous brand proven by years.

So, for me... I did very careful and intensive research. He ticked my boxes 
 - open an account directly with top reputable Forex broker (their reputation is much better than the reputation of most of the world governments and political leaders)
 - this Forex broker checked my trader's identity better than any FBI or CIA  (and you can be sure that traders are real people who cannot disappear)

Although this does not guarantee any profit (hey it is against the law). But this guarantees that you will never say “My money is gone, I do not know where” – you have real people doing the job for you.

Furthermore - I found same program elsewhere. But people complaining that there money is gone in 2months!!! Yet, everything is legal. But the traders??? I doubt that they are skilled enough.

Share ko na lang din ang performance history nya;

This is for $100k account. He just started individual account, so no history to share for the moment. But more or less you can use these data as your basis.

Equity grown before profit Sharing
June 2011 - 35.4%
July 2011 - 50.25
Aug  2011 - 25.82%
Sept 2011 - 19.3%
Oct  2011 - 31.11%
Nov  2011 - 4.45%
Dec  2011 - 2.9%
Jan  2012 - (-6.11%)
Feb  2012 - (-7.52%)
Mar  2012 - (-7.1%)
Apr  2012 - 61.26%
May  2012 - 42%
June 2012 - program was inactive from June 1-11 due to migration to MIG Bank. During the last 3-days of trading he is up by 2.5%

He had newborn baby last Dec, kaya ang taas ng drawdown nya. Nevertheless, wala pa din sa 20% ang drawdown.

Take note: his profit share is based on highwater-mark system. Meaning, he does not take fee if you dont have profit on that month. http://www.investopedia.com/terms/h/highwatermark.asp

I hope my information helped you a bit. And I wish you luck whatever type/style of investment you may opt to do. 

PM mo lang ako if you want to know more

[glady]

Hi beautifulmind,

I am a newbie here and saw your post. I would like to start investing in Forex but I don't have any knowledge and time. Do you mind sharing your Forex manager?

Thanks,
Glady

[JonathanLouReyes]

Dear All,

One of my friend is insisting me to invest in Forex trading , Company Name is Instant forex. is it safe for log time, what r various scheme available in forex and how much return we can get monthly/quartely/yearly.

pls advice

Hello! I suggest having a broker with a local office. I am affiliated with an excellent one, if you need it. First, check out their licenses. like MIFID, etc. You'll be able to gauge their credibility if they are regulated with lots of licenses as well as the number of their international physical offices.

[Synapse]

Go for Oanda, Exness, Go Markets AU ..

[cebuguy]

May local broken dito sa pinas gaya ng Admiral market.