[ArtM]

 

Good Day PMTers,

My wife's auntie arrive today from Leyte and to my surprise...she brought a statement of account with corresponding details of balances trade transactions etc. But my only concern is that the FIGURE like Available Margin and Open Position with NEGATIVE value. The said statement is coming from the Primehill Investment Services LTD. IS this a legitimate company?

The sad thing is, this old folks has no idea what is going on? Then I explain to her about the basics of trading. like the tendency of losing your money and doubling your money. But in this case, in ref to their balance statement I have no idea at all.

Fellows...anybody of you had the experience to share about this company.

I try to google this company but it details are very minimal. That is why I decided to post this item here.

Thank you.
Post Merge: Aug 06, 2012, 10:57 AMhttp://smallbusiness.yahoo.com/advisor/answers/corporations-20070806142219AAU8wix.html

May nabasa ako...i hope hindi ito totoo.....see link...
If this can be true....Kawawa naman ang auntie ng wife ko. Retiree na, nadali pa.

[Prospera]

Unfortunately for your wife's aunt, the information on the link is probably accurate. Too bad. Another black mark for the forex trading industry.

[batangpromdi]

from cebu ako at alam ko, megatrends bc services ang connected sa primehill. sa keppel ang office nila.

marami ganyan sa cebu, matagal na. year 2000 pa lang meron na mga underground fx broker kuno.

mag-hire sila kahit sino, kahit wala alam sa investment then ang title nyan, portfolio manager or trader.

may kilala ako businessman sa lapu-lapu, naloko cya ng almost $70,000. that was year 2001. sigurado ako na yang nagdadala ng primehill, yan din ang mga tao behind viewfairly consultancy, at yung iba pang nagsulputan na broker between year 2003 - 2007. close na sila lahat ngayon.