Royal Manchester Five

[drewster]

Continued here: Royal Manchester Five Trading Corporation (Part 2)

Hi Guys, maybe you guys know this company, the name is Royal Manchester Five (RMF Trading). Its a lending company in Ortigas and my officemate is investing in it and came up to me and said I should invest too.

Have anyone heard of this company? Its very tempting to invest.

[rainmen]

please please check it first if it is registered or who are the people behind the company locking it for six months is a very long time for them to evaporate. i have nothing against them but make sure that everything is in order.

peace!

[nailbiter]

I first read about this at PEx. According to one of the posters there, they're supposedly making their investments in forex.

i was being offered by a friend in this company 200,000 pesos minimum investment, 4000 in usd 6 mnths holding period . its really too good to be true the 4% a month interest ,
i talk to the guy which he said he is one of the agent in this co. he said they put your invested money in forex trading, like euro, yen, pounds, franc, and 1 another i forgot.
he was very confident that they can give the interest which is fixed 4% a month even if they loosed or gain. i dont know if should trust them or put my hard earned money with them. i asked him to give me his calling card he said he doesnt have one, he just show me his rmf id.
its really sounds like a scam. he said he worked in public co. before. which has income of only 15,000 a month, and after five years invsting in this rmf company, now he had bought a brand new fortuner, and resigned to his current job, and now he was working to build his new business. because he said rmf was just his passive income, and he want to established an active income.
now if he is very confident in his investment in rmf which is as said above earned 48% per annum. then why the heck would he wasting his time to build his business when he can make more in this rmf investment just siitin and waiting for the interst to pour in his account. just wondering lang..

Some forex trading companies operating locally that I have heard of, mostly through this forum: Performance Foreign Exchange Corporation, Performance Investment Products Corporation, Eternity Foreign Exchange. Pero ang arrangement ata sa tatlong ito, you pick the currency pair you want traded and there's a fee being charged for every transaction. Sa PIPC, they offer guarantee of principal pa raw. I'm not sure if any of these other entities offer a fixed rate of return. I'd be wary of this one (RMF) if I were you.

[chad]

do you have a phone number? or a link perhaps? that may help. thanks.

[drewster]

Thank you everyone for the responses, definitely appreciated.  

@nailbiter

Thanks for the great forum resource, I'd look into that more.  

[richpulubi]

A friend invested about P1.2M. Okey naman daw. Pero feedback naman, if there is even a hint of a scam, I'll stay clear.

[2pac]

Hmmmmm does it have a website? can't seem to find it using good old google  

[drewster]

Hi 2pac, wala nga po eh... pure word of mouth lang daw ito sabi ng friend ko, ayaw nilang tipong public announcements and stuff...

Sana meron pang makapag bigay ng inputs about their investment with RMF, kasi im planning to invest, I havent yet talked to my friends Agent, soon within this week...

Any suggestions on what type of questions to ask specially for a newbie like me? I have a few, but your inputs will really help me...  

[2pac]

Bat ganun? ask the agent pano nila pinapaikot yung mga pera... and bat ayaw nila ipa public? is it like private investing?

[wintan2006]

                      Ok naman sya. I made a choice,so far so good.Yung choice ko may not be suitable for you.It is up to you.

[drewster]

@2pac, great suggestion, let me ask the agent on where the money is invested to yield such high percent to be able to give 4% monthly... Its quite big talaga, I even know someone given 5%, I have seen his contract and also the post dated check which could be encashed on the maturity date...  

@Wintan
Im also planning to invest in RMF, maybe with a partner since I could not put up the 200k myself... wow 4 % ka monthly when did you start? nag yield ka na ba? did your agent say where the money is invested to maintain such high interest of 4%/mo?

Does he update you everytime there are changes since this company doesnt have any website or forum, if you know of a forum for RMF could you share it pls?  

[AMARANTH]

5%!!!!!!!   My god......my opinion kung naguupisa pa lang nila innooffer yun then maybe just maybe wala pang problema yun kaso kapag matagal na at balitang balita na itong investment then its time to pull out if ever nagmature na contract mo.  Kasi sa mga pyrimid scams bumabagsak sila kapag kalat na kalat na itong so called "hush-hush" investment  na tipong marming marami na naginvest.

[wintan2006]

             Hi Drewster,PM na lang kita.

[rael]

has anybody done DD check on this? SEC registration? what does the office look like? who are the owners?

thanks.

[wintan2006]

                     I have checked it,naka register naman sila sa SEC.