FXIG: 20% Monthly with Min $5K

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FXIG: 20% Monthly with Min $5K
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Posted by: Salty

20% Monthly with Min $5K

Posted by: FutureGizmo

I am in FXIG via FeederFund. If their monthly returns are for real, then they are indeed a promising program. I once read in another forum that FF has done DD on the program and that they verified the trading results of the prvious months but not all the months, including those two years ago.

I'd like to know whether FXIG is a registered company and if they are, where and who are the people running the program.

Posted by: Salty

Registered in Belize? Not so sure of that.
Simmon seems an Aussie.

Posted by: ydutil

Quote:

I once read in another forum that FF has done DD on the program and that they verified the trading results of the prvious months but not all the months, including those two years ago.

They have not verified any trading results. They have just confirmed that they had some trading account at a broker.

If you want to get some funny "confirmations", ask FXIG for their wire instructions, then find out the phone number of the company which the account name is to, give them a call and ask them about FXIG

Posted by: jp2000

FXIG has been around for some time and when FeederFund picked them up I leaped. Invested some through FF and when i accumulated enough, I invested directly with FXIG as well.

FeederFund has a good history with the programs they recommend. Since I started investing, I have only seen FSI taken off their list and that was because FSI stopped taken investors. I am in every program FF recommends, four through them and the rest directly through the site. Whenever they add a program I am already in, confidenc in that program rises greatly.

Hopefully FXIG proves no different. Unfortunately to invest directly with the FXIG is 5G's while Feederfund will let you invest for $50.

Posted by: Salty

Quote:

Originally Posted by ydutil

Further info? Please.

Posted by: Sstugatz

There's a lot of heat about FXIG behind the scenes...

Posted by: isamu

Quote:

Originally Posted by jp2000

FXIG has been around for some time and when FeederFund picked them up I leaped. Invested some through FF and when i accumulated enough, I invested directly with FXIG as well.

FeederFund has a good history with the programs they recommend. Since I started investing, I have only seen FSI taken off their list and that was because FSI stopped taken investors. I am in every program FF recommends, four through them and the rest directly through the site. Whenever they add a program I am already in, confidenc in that program rises greatly.

Hopefully FXIG proves no different. Unfortunately to invest directly with the FXIG is 5G's while Feederfund will let you invest for $50.

Thanks for the info. The real question is...who has, and what kind of Due Diligenge has been done on Feeder Fund? Has anyone met the admin in person and can vouch for his/her validity?

Also, is there any kind of commission fee when you invest into a program via FF? If so, how much do they take out?

Quote:

Originally Posted by Sstugatz

There's a lot of heat about FXIG behind the scenes...

Can you expand on this? I'd really like to know since I considering them....

Quote:

Originally Posted by ydutil

If you want to get some funny "confirmations", ask FXIG for their wire instructions, then find out the phone number of the company which the account name is to, give them a call and ask them about FXIG

What are you trying to tell us? Are you saying you called them and discovered they're not who they say they are?

Posted by: ydutil

Quote:

The real question is...who has, and what kind of Due Diligenge has been done on Feeder Fund?

I personally have a good feeling about FF. I will not vouch for them, but so far I only have reasons to believe they are honest.

Quote:

What are you trying to tell us? Are you saying you called them and discovered they're not who they say they are?

If I would say "Oh I found this and that about FXIG" Then people would say I am trying to ruin a good program and tell me I'm yelling out scam about a program that is still paying.

So I am just trying to tell you a bit how to find out some interesting infos about FXIG. It only cost a couple of cents with Skype, and you would be sure the info is accurate since you would have heard it yourself.

So yes I did called them, I did not discovered that they are not who they say, but I was able to gather enough informations from that company to believe that FXIG is not legit.

Posted by: skyboy

thanks for the info.

Posted by: khernandez

ydutil, i dont understand your last post.

first you say

Quote:

I personally have a good feeling about FF. I will not vouch for them, but so far I only have reasons to believe they are honest.

and then you say

Quote:

So yes I did called them, I did not discovered that they are not who they say, but I was able to gather enough informations from that company to believe that FXIG is not legit.

so which is it? you think they are legit or are not legit?

thanks,
karin

Posted by: forwardone

The way I read that post was that ydutil has confidence in FF, but isn`t that confident in the integrity of FXIG.

If it is true that FXIG isn`t what it claims to be then it calls into question the reputation of FF who have supposedly done DD on them.

Geoff

Posted by: ydutil

Quote:

The way I read that post was that ydutil has confidence in FF, but isn`t that confident in the integrity of FXIG.

Exactly. I feel that FeederFund is legit, but not FXIG.

Posted by: khernandez

ah ok, thank you for clarification.

Posted by: Sstugatz

A lot of people have been feeding me stories on the FXIG guys... if there was any concrete evidence I'd probably publish it, but it was enough that it made me wonder... Speaking with the FF guys, I don't think they're up to no good... Most of the stuff listed on their site is decent.

But FXIG, 20% consistent for 2 years? I don't know... Matthew said he had contact at the broker, and was able to confirm FXIG's account, but never the results...

It's going to be a very interesting story to follow as it unfolds, especially that A LOT of people have invested A LOT of money recently.

Posted by: isamu

Quote:

Originally Posted by forwardone

The way I read that post was that ydutil has confidence in FF, but isn`t that confident in the integrity of FXIG.

If it is true that FXIG isn`t what it claims to be then it calls into question the reputation of FF who have supposedly done DD on them.

Geoff

Quote:

We have full ID of the principals and have checked out the personal and business backgrounds. The senior trader has had a stable and successful business career and is well known and respected in his field. We have spoken to the principal brokers and viewed their reports showing multi-million dollar margin accounts and significant profits. Our view is that FXIG represents a negligible fraud risk.

Wouldn't this mean that FXIG has been totally checked out and that if they were not legit FF would've discovered something?

Posted by: forwardone

Quote:

Wouldn't this mean that FXIG has been totally checked out and that if they were not legit FF would've discovered something?

That`s the assumption, yes, but how thorough is thorough, if as has been suggested there`s a missing piece of proof?

Geoff

Posted by: cralle

Quote:

Originally Posted by Sstugatz

It's going to be a very interesting story to follow as it unfolds, especially that A LOT of people have invested A LOT of money recently.

FF members has actually invested $132,435.84 as of June. 19th 2005.
I'm in, and sure hope FXIG turns out to be legit.

cralle

Posted by: FutureGizmo

Yeah, a lot (including me) did jump into FXIG after FF endorsed it. Is the former legit? That's one thing everybody wants to know. I do hope FF is doing something to answer that question.

Posted by: isamu

Quote:

Originally Posted by Sstugatz

A lot of people have been feeding me stories on the FXIG guys... if there was any concrete evidence I'd probably publish it, but it was enough that it made me wonder... Speaking with the FF guys, I don't think they're up to no good... Most of the stuff listed on their site is decent.

But FXIG, 20% consistent for 2 years? I don't know... Matthew said he had contact at the broker, and was able to confirm FXIG's account, but never the results...

It's going to be a very interesting story to follow as it unfolds, especially that A LOT of people have invested A LOT of money recently.

Sstu...I am trying to send you a PM but your box is full. Please clear out some of your messages.

Posted by: Sstugatz

Done.

Posted by: isamu

Quote:

Originally Posted by Sstugatz

Done.

I sent you a pm...did you get it?

Posted by: buildwealth

the benefit of feeder-fund is that you have a degree of diversification under one umbrella. i discount most any online DD as it is a far cry from the real, historic, traditional, business, legal due diligence the real world of investing requires - but better then nothing. feeder-fund has one of the best reputations around in my opinion, and offers a lot of information by just joining "free", reading the info/data available. i'd recommend it, knowing how dangerous that can be with any online entity.

Posted by: isamu

Was Sstugatz banned or something

Posted by: forwardone

Not from here,

Quote:

Active Member

Geoff

Posted by: ydutil

Quote:

the benefit of feeder-fund is that you have a degree of diversification under one umbrella.

That is, if FF itself is legit. Anyone ever did DD research on FF?

Posted by: i-Midas.com

Quote:

Originally Posted by ydutil

That is, if FF itself is legit. Anyone ever did DD research on FF?

DD research was done on Mario. Does it really change anything?

Posted by: forwardone

Response by Admin to queries about why the change of Domain name.

Quote:

Hello,

We don't usually post on forum boards but we wanted to straighten something out in relation to our domain name.

Last month we bought the expired domain name www.fxig.com Anything to do with this domain name prior to August 2005, has nothing to do with us.

We will continue to use our old domain name www.fxinvestmentgroup.com but as time goes by we want to use the shorter version of www.fxig.com

Regards

FXIG ADMIN

Geoff

Posted by: forwardone

Quote:

Registrant:
Domains by Proxy, Inc.

DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States

Registered through: GoDaddy.com (http://www.godaddy.com)
Domain Name: FXIG.COM
Created on: 03-May-04
Expires on: 03-May-07
Last Updated on: 23-Jun-05

Administrative Contact:
Private, Registration FXIG.COM@domainsbyproxy.com
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599
Technical Contact:
Private, Registration FXIG.COM@domainsbyproxy.com
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599

Domain servers in listed order:
NS1.AXE8.COM
NS2.AXE8.COM

Registry Status: REGISTRAR-LOCK

Geoff

Posted by: isamu

Quote:

Originally Posted by forwardone

Geoff

What does it mean Geoff? ??????

Posted by: FutureGizmo

Quote:

Originally Posted by i-Midas.com

DD research was done on Mario. Does it really change anything?

I'd like to see a copy of this report. Can somebody show me a link? Just wanna know how the DD was conducted.

About FXIG, somebody was asking whether FXIG is the same FXIG that owned the FXIG.com website which was supposedly another investment program back some years ago.

The FXIG reply, which Geoff posted here, said that they bought the domain only last month and that everything else before that was not in connection with the FXIG we're talking about.

But the WHOIS info says the site was created in May 2004, so what does that mean?

I personally don't care whether FXIG is or was the same program with the FXIG.com site. What I'm only concerned about is whether FXIG is genuinely trading, able to generate returns needed to pay its investors, and able to sustainably grow in the years to come.

FGiz

Posted by: isamu

Quote:

Originally Posted by FutureGizmo

Good point. But what part of Mathew's DD practices/results do you doubt?

Posted by: ydutil

Quote:

I'd like to see a copy of this report

I don't think there was a report done. There was just a couple people who had a copy of his ID and his phone number, copy of his SP123 investments etc... Some people met him in person. But still that's not enough I think. Because he probably started with good intentions, but greed took over him and he lost control. Someone with a good judgement who would have researched him further and spend more time talking wih him could have notice that he was not a "stable guy".

Has anyone done this with Mattew? Does anyone know Mattew personnally? Has anyone ever seen Mattew post in public to have an idea of his personality, except from the newsletters and updates he puts on his website.

I'm not in a rampage against FF or FXIG, I just find it weird that people still trust anything at first glance and stay at the "first level" of their reasoning. When I hear something like "You should diversify thru FF, between all the programs on their website"....

Quote:

But what part of Mathew's DD practices/results do you doubt?

I doubt Mattew himself. You NEED to doubt everyone and let them prove you that you should trust them. A paying history is not enough, look at CEC.

Posted by: i-Midas.com

Quote:

Originally Posted by FutureGizmo

About FXIG, somebody was asking whether FXIG is the same FXIG that owned the FXIG.com website which was supposedly another investment program back some years ago.

The FXIG reply, which Geoff posted here, said that they bought the domain only last month and that everything else before that was not in connection with the FXIG we're talking about.

But the WHOIS info says the site was created in May 2004, so what does that mean?

They purchased the domain, they didn't re-register it after it expired, went through the redemption period, then was finally deleted.

Posted by: Trinary

Any more news about this ? so far everything I can gather about the program is how long it have been paying, the data is not detailed enough to say if they're REALLY trading our money or not, having a trading account doesn't mean a thing afaik... How much data have been made 'open'/gathered about them anyway ?

I suppose it's now a 'just do it and wait' stance ?

Posted by: isamu

Quote:

Originally Posted by Trinary

Any more news about this ? so far everything I can gather about the program is how long it have been paying, the data is not detailed enough to say if they're REALLY trading our money or not, having a trading account doesn't mean a thing afaik... How much data have been made 'open'/gathered about them anyway ?

I suppose it's now a 'just do it and wait' stance ?

Have you tried emailing and asking Mathew yourself?

Posted by: Trinary

I probably will, I don't have enough money to invest in them atm directly, and rather new at HYIP, Law and DD. Was hoping to see what other gather, and what path is taken to gather the info.

Posted by: Trinary

New info, i think:
http://www.hyipdiscussionforum.com/...ted=1#post58346

Posted by: ydutil

Quote:

"The Talkgold discussion is off the mark as a result of misintepretation of our comments. We verified, through a director of the Brokerage they are using, the IDs, balance and profitability in regards to the previous few months. So in our book, this is results. This brokerage has only held the account from Nov 2004 so cannot verify earlier profit figures."

Oh yeah, I remember, last time I opened a brokerage account, in the agreement, there was a note saying something like "We will disclose informations about your account to anyone who ask us about it." Awty, you've openend a couple of brokerage accounts, remember seeing this somewhere? Come on...

Hey, I'm going to write an email to FXCM this afternoon and ask the ID , balance and profits for the account of my neighbor.

Posted by: Trinary

Yes, but I think the problem now is on FeederFund side, who is claiming that. ^^

Posted by: i-Midas.com

Quote:

Originally Posted by ydutil

Hey, I'm going to write an email to FXCM this afternoon and ask the ID , balance and profits for the account of my neighbor.

Be sure to ask for the director of the brokerage.

Posted by: ydutil

Quote:

Be sure to ask for the director of the brokerage.

Oh yes, thanks i-Midas you are right, usually Directors do not care about the clients privacy.

Posted by: i-Midas.com

Quote:

Originally Posted by ydutil

Oh yes, thanks i-Midas you are right, usually Directors do not care about the clients privacy.

Ofcourse not. Who ever heard of a brokerage which respects client privacy?

Posted by: InvestmentRisks

Quote:

Originally Posted by i-Midas.com

Ofcourse not. Who ever heard of a brokerage which respects client privacy?

Guys why bashing this great program? its not a ponzi. FF is one of the most solid and respected investment pools. isn't it likely that fxig gave them the permission to verify the balances? sorry but to me this is pure speculating. i spoke with their marketing guy trough phone and he makes a genuine impression to me. Feederfund did exceptional DD on any program they list. http://FXinvestmentGroup.com/FeederFund look at this post : http://talkgold.com/forum/showthread.php?t=26609&page=3 feederfund did verify the ballances for sure. and FF is definitely not a scam. they manage millions in funds (more then 500k at fxig and millions at 4x-club and ITS). feederfund won't list a ponzi scam because that would mean the end of their fund when it collapses (and the end of their 10% fee where they make a living off).

Posted by: InvestmentRisks

Quote:

Originally Posted by ydutil

They have not verified any trading results. They have just confirmed that they had some trading account at a broker.

This is not true.Feederfund did verify and compare the balances with previous months since Nov/04. You say you believe FF is honest. But you do not believe them when they say they verified the results trough a brokerage (with FXIG permission)?

But OK you guys are right........ FeederFund are liars FXIG is a ponzi scam

Posted by: FutureGizmo

I'd like to hear something from FF explaining how they got FXIG in their list. They don't have to explain in detail their DD process, but it would be interested to know how FF got to decide that FXIG deserves a spot in FF's "much coveted" list...

Posted by: ydutil

Quote:

Guys why bashing this great program?

There is a difference between bashing and asking logic questions.

Posted by: InvestmentRisks

Quote:

Originally Posted by ydutil

There is a difference between bashing and asking logic questions.

Matthew has stated that he has not seen the actual trading records but has spoken to a contact at the Brokerage that he knows personally about the traders account, activity and profitability. I'm just puzzled why you call FXIG a Ponzi without any reason. Do you also realize you are calling Mathew and Feeder Fund liars/scammers as well?

Quote:

Originally Posted by Sstugatz

There's a lot of heat about FXIG behind the scenes...

And you are behind the scenes? Please explain...

Quote:

Originally Posted by isamu

Thanks for the info. The real question is...who has, and what kind of Due Diligenge has been done on Feeder Fund? Has anyone met the admin in person and can vouch for his/her validity?

ILC,ITS,FXIG and possibly 4x-club trader(s) have all met Matthew in real Life.

Posted by: Trinary

Matthew also have the ID of the peoples in FXIG.

Posted by: ydutil

Quote:

I'm just puzzled why you call FXIG a Ponzi without any reason.

Quote:

Do you also realize you are calling Mathew and Feeder Fund liars/scammers as well?

No I am not, I am questioning the little bit of information we have about both of them. I know many who did asked for the same interrogation I had, directly to FXIG and never got any answer.

I maybe made a mistake by not trying to ask FF admin directly.

Posted by: i-Midas.com

I seem to recall FXIG accepting direct deposits via credit card. When signing up with them directly on their website, I only see E-Currencies and Paypal as deposit options. In fact, even their website shows that they accept:

Quote:

GENERAL TERMS

DEPOSITS ARE ACCEPTED VIA CREDIT CARD, BANKWIRE, E-GOLD, PAYPAL AND E-BULLION. MOST OF THESE METHODS CHARGE FEES, THESE FEES ARE NON-REFUNDABLE AS THEY ARE CHARGED BY THE PAYMENT SERVICES BEFORE THE DEPOSIT IS RECEIVED.

WITHDRAWALS ARE MADE ONLY BY BANK WIRE TRANSFER TO YOUR SELECTED BANK ACCOUNT. UNLESS OTHER ARRANGEMENTS HAVE BEEN MADE WITH US.

MINIMUM DEPOSIT IS 5,000 USD

Posted by: cyrano

Quote:

Originally Posted by i-Midas.com

I seem to recall FXIG accepting direct deposits via credit card. When signing up with them directly on their website, I only see E-Currencies and Paypal as deposit options. In fact, even their website shows that they accept:

From their website:

Not Accepting Deposits via Credit Card past August 5th

Posted by: Salty

Quote:

Originally Posted by cyrano

From their website:

Not Accepting Deposits via Credit Card past August 5th

Yes, but members can go through PP.

Also from 1 Sept, the ref commission will be cancelled.

Posted by: cyrano

Quote:

Originally Posted by Salty

Yes, but members can go through PP.

Also from 1 Sept, the ref commission will be cancelled.

We know that members can go through PP.Personally i would never use PayPal because they aren't honest and reliable.
I just answered i-Midas question about direct deposits via Credit Card.

Posted by: forwardone

Admin of FXIG isn`t too happy with the Admin over at i-fund. Seems rumours have been started about FXIG`s demise.

http://i-fund.biz/forum/viewtopic.php?t=17

Geoff

Posted by: moremoe

A single rumour, by the owner of i-fund, who appears to be clueless. His site is moribund and he hasn't even responded to fxig's post. He probably heard somewhere that FXIG may be closing to new investors later this year. That rumour has been around for awhile....

Posted by: Salty

I midas was active here.
Where is he now?

Posted by: i-Midas.com

Quote:

Originally Posted by Salty

I midas was active here.
Where is he now?

Hardly a question for this thread. How may I help you?

Posted by: i-Midas.com

FXIG doesn't seem to like responding to e-mails sent via their "Contact Us" page. We received a response same-day with deposit instructions when requested, but when we have a question about their program? Three e-mails over five days have gone unanswered.

Posted by: InvestmentRisks

Quote:

Originally Posted by i-Midas.com

FXIG doesn't seem to like responding to e-mails sent via their "Contact Us" page. We received a response same-day with deposit instructions when requested, but when we have a question about their program? Three e-mails over five days have gone unanswered.

Depends on the kind of emails you send them. They won't respond to specific questions about their trading. Best you can do is call Simon and he will explain.

Posted by: tubman

Quote:

Originally Posted by i-Midas.com

I've sent FXIG a few emails with questions I had and my experience is it usually takes 2-3 days for them to respond. I noticed weekends usually longer.

Posted by: Wondering

Quote:

Originally Posted by cyrano

We know that members can go through PP.Personally i would never use PayPal because they aren't honest and reliable.
I just answered i-Midas question about direct deposits via Credit Card.

I sent 10K using PayPal without a hitch. Used the credit card option. Had trouble with Chase clearing the transaction. That took a telephone call. Only complaint was the 3.9% cost. Money moved instantly and went to work the next day.

Posted by: Wondering

Quote:

Originally Posted by i-Midas.com

The admin was traveling to the US from Austraila on a 10 day trip so the Admin tasks suffered somewhat. It seems like he's in catch-up mode.

Posted by: moremoe

For sure credit card is the easiest but take the most from your wallet!
Wire is the cheapest but slowest...

Posted by: cyrano

Quote:

Originally Posted by Wondering

We shouldn't support companies like PP.
Be careful when using them!

http://www.paypalsucks.com/forums/

Posted by: forwardone

I think a lot depends on what you are using PayPal for. Most transactions don`t suffer any problems, but it`s true that they are very sensitive to anything they find `suspect` and will take strong action if they aren`t happy with what they see.

Stormpay are the same, although I think they are a bunch of amateurs compared to the likes of PP or e-gold. But that`s just my own experience with them.

Geoff

Posted by: buildwealth

"...something from FF explaining how they got FXIG in their list..."

IF that is a sincere question, then go to their site for the best explanation you'll get. it's there for all to read.

and, FF is the best way to invest in some of these ventures with higher minimums then one should submit with the vast majority of Online ventures, so for Diversification if nothing else use FF, and they do have a reserve fund, etc. but it is all on the FF site, so not even sure why questions are here best already addressed & answered there - but then isn't this the way of online entity members. preferring to speculate, rumor, guess & opinionate rather then go direct to the source, which in my case would be FF. enough info/data there for me; and then all of the Performance and even Master Chart to those prefer pictures over reading.

FF is one of the best. compare FF to all of your others as a start, include your "past" with your "present" which will probably include a number who's members support them in spite of no payments, extended payments, promised payments as any failed program could have done and claim to be active, which except for Denial would be listed in your "past". FF is in my present, and performs unlike the many, many, many others.

Posted by: i-Midas.com

Any idea when their "live help" is available? I have checked it on numerous occasions, and always see the same "unavailable" message.

Posted by: i-Midas.com

Quote:

Originally Posted by FXIG

HOW TO GET YOUR MONEY (Withdrawals): You can withdraw money at anytime for any amount (min US$1,000). We honour your withdrawal requests via bankwire, these are sent within 3 business days from the date of request. There is a nominal charge of US$45 or 0.5% of the withdrawal amount (whichever is greater) for each bankwire we send you.

If the minimum withdrawal is $1000, the minimum withdrawal fee would be $50 as that is 0.5% of $1000, no? When would the nominal charge actually be $45?

Posted by: moremoe

I don't think written communication is strong, but a phone call works wonders!

Posted by: cyrano

Quote:

Originally Posted by i-Midas.com

If the minimum withdrawal is $1000, the minimum withdrawal fee would be $50 as that is 0.5% of $1000, no? When would the nominal charge actually be $45?

I hope you made a joke.Otherwise no one should invest in your pool because you aren't able to count.
0.5% of $1000 are $5.

Posted by: i-Midas.com

Quote:

Originally Posted by cyrano

I hope you made a joke.Otherwise no one should invest in your pool because you aren't able to count.
0.5% of $1000 are $5.

My sense of humor is currently spotty at best.

Posted by: Wondering

Quote:

Originally Posted by i-Midas.com

If the minimum withdrawal is $1000, the minimum withdrawal fee would be $50 as that is 0.5% of $1000, no? When would the nominal charge actually be $45?

I think that 1/2 of 1% X$1000.00 = $5.00 so $45.00 would be more

Just read the other posts it's not your sense of humour at all it's your math ability and I agree your fund is not one to invest in. Stop bad mouthing FXIG. If you spent this much time trying to figure out how to trade you might have a fund someday.

Posted by: InvestmentRisks

Quote:

Originally Posted by ydutil

Not without any reason. In this arena where everything is hidden and mostly every program is anonymous, the only thing you can do is gather information about a it and decide if you feel it's legit or not. I did it, that's all. Do not blame me for doing it and having an opinion on a program.

No I am not, I am questioning the little bit of information we have about both of them. I know many who did asked for the same interrogation I had, directly to FXIG and never got any answer.

I maybe made a mistake by not trying to ask FF admin directly.

You could have called Matthew (as I did)... FXIG does not like to disclose any info about their trading system. Quite understandably if it is indeed worth an 8 figure amount.

Feederfund posted their report on the meetings yesterday, it's an interesting read.

Posted by: lazygirl

I`m also in FXIG through Feeder Fund........no problem for me so far...I plan to invest more in FXIG

Posted by: ydutil

Quote:

Quite understandably if it is indeed worth an 8 figure amount.

Serious trading system buyer : "Hey I am going to give you an 8 figure amount for your trading system, so then you could put all this money in some good funds and earn around 20-30% per year without doing nothing"

FXIG: "No, we prefer to start an HYIP with a website, forum, support etc...and deal with the tons of problems related to it"

Posted by: clifton

Quote:

Originally Posted by ydutil

You are raising a good point here. And i don't like the FF report about FXIG too much, unlike the most of other folks.

Posted by: FutureGizmo

Been out of this arena for some time... the FXIG report is in the FF website? I'll go check and read..

Posted by: forwardone

In response to a member`s concerns who had done some DD on FXIG (listed address, phone no. in Belize, credit cards etc) another member obtained some `clarification` from FXIG. Here`s their response to him.

Quote:

Our response to the various points:

1. This is the Registered Address. It is the registered address of many companies in Belize.

2. It is almost bizarre that anyone might think that FXIG live and work from Belize, or even be Belizian. It is an IBC in an international tax haven. Despite the vast integration of VOIP (Voice Over Internet Protocol), it seems that there are still many people that don't understand non geographic voice services.

3. It has operated under a different company name dba FX Investment Group since Nov 2004.

4. This is an ommission and the Admin will be remove it as soon as he finds it.

5. Credit Card fraud is rife and a number of stolen cards had been used to try and deposit funds. Also there had been a number of chargebacks after funds had been withdrawn. We had always recommended that they not accept credit card payments and with this experience, they stopped accepting them for payment.

Kind regards,
Matthew Calder,
for FeederFund SA.

Geoff

Posted by: InvestmentRisks

Quote:

Originally Posted by clifton

You are raising a good point here. And i don't like the FF report about FXIG too much, unlike the most of other folks.

What exactly did you expect from the update? Nothing Matthew writes will ever convince the sceptics. What sort of proof can they possibly give us in their update that will be better than just their personal assurance?

The arguments used against FXIG in the beginning of this thread are all blown out of water. Matthew has obviously not been fooled.

The only **serious** argument left is; Do FF and FXIG have some kind of deal to scam people? Matthew told me there is "NO WAY" that FXIG is a Ponzi. The only reason he would lie about that is if he is part of FXIG himself. Personally I think the risk that he is part of FXIG himself is quite negligible.

There are no other arguments left against FXIG.

On a sidenote:
Has there even been done any DD on ITS.tc? The answer is NO, they don't give any info about their trading either. Yet they are around and paying since 2003.

Posted by: clifton

Quote:

Originally Posted by InvestmentRisks

What exactly did you expect from the update?

I was hoping to hear that they expect some months lower returns, sometime maybe loss. I was also hoping to hear that they will close for new members very soon. I was hoping to hear things which will make me believe that the program will exist after 10 years. Do not get me wrong, i am in FXIG myself and i am not sceptic.

Posted by: InvestmentRisks

Quote:

Originally Posted by clifton

I have no reasons to believe they will not close to new members soon. According to FF it will be soon... I like the fact that REF comission will be totally canceled from Sept 1st. I don't see Ponzi's doing that, not to mention the returns will slightly increase because of this.

Posted by: FutureGizmo

^ That's referral commissions only for FXIG investments and not all of FF's programs right?

Posted by: cralle

Quote:

Originally Posted by FutureGizmo

^ That's referral commissions only for FXIG investments and not all of FF's programs right?

Right.

Posted by: lazygirl

interest payments to FXIG and ITS are tomorrow are they?

does anyone know?

Posted by: clifton

They have been posted already, lazygirl.

Posted by: Wondering

Quote:

Originally Posted by InvestmentRisks

The commission doesn't impact the return to investors. In other words the end to commissions will not change the retrurn to investors

Posted by: InvestmentRisks

Quote:

Originally Posted by ydutil

Have you called the trader directly? Did he deny to be the trader for FXIG? I'm asking because I realised his phone number and contact details are listed on that site. It's good to know that the trader is listed with his name and phone number. Propably not everyone in this (huge) company knows about FXIG... But if the 'trader' himself would deny running FXIG that would indeed be a red-flag.

Posted by: Trinary

I'd like to hear that as well

Posted by: WONDERING-2

After reading through all of your posts and hearing that some believe FXIG is indeed legit (some even saying they are in). A couple questions comes to mind....

Has anyone withdrawn money directly from FXIG? By my calcs, one could withdraw $1K on day 61, 91, 121, 151 and 181 to make their original $5K investment back.

Has anyone withdrawn FXIG money thru FF?

Posted by: Wondering

Quote:

Originally Posted by WONDERING-2

After reading through all of your posts and hearing that some believe FXIG is indeed legit (some even saying they are in). A couple questions comes to mind....

Has anyone withdrawn money directly from FXIG? By my calcs, one could withdraw $1K on day 61, 91, 121, 151 and 181 to make their original $5K investment back.

Has anyone withdrawn FXIG money thru FF?

I know of a couple of people that have made withdrawals. I also know people that have 5, 6 and 7 figure balances in FXIG and they aren't investing through Feeder Fund. It's not fair that you stole my ID.

Posted by: Wondering

Quote:

Originally Posted by ydutil

You question FXIG and you invested in the sham PIPS. I think your priorities are messed up. I invested $470 into PIPS and couldn't get any straight answers from Bryan or Gary so further investment stopped over a year ago. I have invested many many times the amount invested in PIPS into FXIG and sleep well at night. If you have a large enough investment you can get answers to your questions with FXIG where you got no answers with PIPS. It's very difficult to sort out the real investments from the PONZIs since 99.90% of high yield investments are PONZIs schemes. In this case it's the real deal and most of the current investors I know would like to see it disappear from the forums.

Posted by: pattytea

Hi,
Can someone answer a question please. I am kind of new...I invested thru FF. What I am trying to figure out is if I invested my $50..what will the return be? I have heard all sorts of stories but cannot get a straight answer from anyone. Can anyone help?

Thank you
pat

Posted by: clifton

~15% monthly compounding

Posted by: ydutil

Quote:

You question FXIG and you invested in the sham PIPS. I think your priorities are messed up.

I invested in PIPS knowing it was a scam, same thing I am currently doing with Plexpay and I will probably do the same with the next serious ponzi that comes by. I invest in them but publicly say that they are ponzi. There is the eternal question of ethics about getting out before the program collapses and make profit with the money of those that invested later on...I am ok with that. When someone is stupid enough to invest in Invex, FLO, PIPS etc. and compound, I do not feel bad about withdrawing everything, knowing that some of those funds are from late investors. You have to see this whole thing as a game, gambling. I consider it as a hobby except for those I consider as real (MWA, 4X, COne and a couple of others)

Yes I did invest in FXIG. I am now almost completely out of it. The only reason I publicly talked about FXIG, is when I saw some absurd posts like "FXIG is the real deal, because Matthew has verified them" "Diversification is the key, invest everything in FF they will diversify for you" "FXIG are trading 8 digits forex account, they must be real"

I see some major holes in the FXIG story I just presented my opinions about it. My posts sound absurd to you, and I respect that. I like it when people present me their opinions about a program, it can help me learn new stuff about it and sometime can change my first feeling about a program.

Posted by: FutureGizmo

Quote:

Originally Posted by pattytea

Hi,
Can someone answer a question please. I am kind of new...I invested thru FF. What I am trying to figure out is if I invested my $50..what will the return be? I have heard all sorts of stories but cannot get a straight answer from anyone. Can anyone help?

Thank you
pat

The returns depend on the program you are in. You can check their previous performance in the "Performance" section of the program. You get that return less commissions deducted by FF.

Better yet, just wait after a month and check how much interest was deposited to your account. That's how much you can be able to withdraw from FF.

Posted by: isamu

Quote:

Originally Posted by ydutil

They have not verified any trading results. They have just confirmed that they had some trading account at a broker.

Hello ydutil. I am assuming that Mathew admitted to you that he did not see that see the trading reports. I am curious , did you ask him why he has comments on the FF site stating that he infact DID see the reports and why he should clarify this on his website?

Posted by: ydutil

This information was from someone who posted an email reply from Matthew on Gold-Horizons, in the early begining of the FXIG-FF associaton.

I never talked directly with Matthew regarding FXIG as I expected to receive the same evasive answers as the FXIG admin gave me. Maybe that was a mistake from my part.

Posted by: Wondering

Quote:

Originally Posted by ydutil

This information was from someone who posted an email reply from Matthew on Gold-Horizons, in the early begining of the FXIG-FF associaton.

I never talked directly with Matthew regarding FXIG as I expected to receive the same evasive answers as the FXIG admin gave me. Maybe that was a mistake from my part.

You are correct it was a mistake on your part.

Posted by: Optional

Quote:

Originally Posted by InvestmentRisks

The arguments used against FXIG in the beginning of this thread are all blown out of water. Matthew has obviously not been fooled.

The only **serious** argument left is; Do FF and FXIG have some kind of deal to scam people? Matthew told me there is "NO WAY" that FXIG is a Ponzi. The only reason he would lie about that is if he is part of FXIG himself. Personally I think the risk that he is part of FXIG himself is quite negligible.

There are no other arguments left against FXIG.

Can anyone confirm if it is true that Matthew from FF and Simon (and/or other principals) from FXIG both reside in the same country?

Also, can ydutil (or anyone else that knows) please explain what "funny confirmations" can be obtained by calling the company name referenced for FXIG wires?

Posted by: Optional

Not 1 person that is posting in this thread even knows if these people are in the same country or not?

Posted by: lazygirl

Quote:

Originally Posted by Optional

Not 1 person that is posting in this thread even knows if these people are in the same country or not?

eh, what do you mean?

Posted by: Optional

Quote:

Originally Posted by lazygirl

eh, what do you mean?

I mean... where do people posting here believe Simon and Mathew live?

Or does no-one know? Or maybe none of the busy board posters has ever even tried to find out or ask?

It's a pretty simple question... seems VERY interesting no-one seems to know or want to say to me!

I think Mathew comes across as a great guy personally.. and I am not just asking for some inane reason... I was warned to avoid FF and FXIG, in part, based on the suggestion that these two guys live rather close to each other.

I'm not even sure that info is important if it is true.. but if it is true and they have been hiding the fact, I might decide that warning carries some weight.

Now.. I'm not up for starting rumours so will try again to keep this simple.

Does anyone know where these guys live? Anyone even know a country for sure in either case?

Posted by: Wondering

Quote:

Originally Posted by Optional

Australia and possibly New Zealand. I don't consider that to be too close and why would it matter when it comes to business anyway.

Posted by: Optional

Quote:

Originally Posted by Wondering

Australia and possibly New Zealand. I don't consider that to be too close and why would it matter when it comes to business anyway.

It probably doesn't matter in this case... I was told they both reside in Australia and 'no one' knew about this secret by a person who seemed quite sure I shouldn't put money into this is why I asked. I figured if it wasn't a 'secret' then the warning was probably not worth worrying about.

I invested in FXIG via FF myself within the last few hours if that helps allay any fears I might know about some terrible conspiracy and be holding back btw.

Posted by: poldo

Quote:

Originally Posted by Optional

Australia it is , if you are afraid see my links below not that paypal is a 100% guarantee they are not ponzi but at least your money are somewhat protected

Posted by: poldo

Quote:

Originally Posted by Optional

Australia it is , if you are afraid see my links below not that paypal is a 100% guarantee they are not ponzi but at least your money are somewhat protected

"Invest prudently"

Posted by: damien_k

interesting news about Friday trading on site.....https://www.fxinvestmentgroup.com/i...show_syn&syn=13

We no longer trade on Fridays.

Posted by: clifton

Posted on HYIPD:

You guys may want to check this out. Just posted a few days ago:
As far as i know, this is the same FX investment group
http://www.ifsc.gov.bz/

International Financial Services Commission,
New Administration Building,
Belmopan,
Belize, C.A.
19 December 2005

WARNING NOTICE
APL SYSTEMS IDC FX INVESTMENT GROUP LTD
It is notified for general information that APL SYSTEMS IDC FX INVESTMENT GROUP LTD is not licensed by the International Financial Services Commission of Belize to promote mutual funds or to engage in any other international financial services.
All persons are asked to take note and exercise caution.

GIAN C. GANDHI

DIRECTOR GENERAL
International Financial Services Commission

Posted by: forwardone

That`s rather a surprise, I wonder how they`ll respond?

Posted by: clifton

They said they never claimed to be registered International Financial Services Commission of Belize, but just to be a registered company. Looks like this answer satisfied FXIG supporters on HYIPD (anyway, looks like nothing can change their opinion).

Posted by: clifton

The December returns were posted - 7.90%. This is the lowest month ever.

Posted by: forwardone

Quote:

Originally Posted by clifton

The December returns were posted - 7.90%. This is the lowest month ever.

That`s probably the minimum return I`d be expecting if I`d invested $5k in it. I suppose though that if that`s the lowest ever return then it`s not doing too badly.

Posted by: clifton

More news from FXIG:

IMPORTANT ANNOUNCEMENT

Please do NOT send any more bank wires to Bermuda Commercial Bank.

Due to a number of reasons, we have decided that it is in the best interests of our fund and it's members to only deal with Egold.com for all deposits and withdrawals.

We are finding that many banks are not interested in doing business with a fund such as ours. The problem is, the bank only receives a minimal fee (not even US$10) for receiving wires and that same day we send all the funds off to our brokerage house. On top of the bank not making much money from the incoming wires, we have bank staff working around the clock to help us find wires that go missing. Using Egold we know once we send a payment, it goes straight into the member's account.

We are making an agreement with a great Egold broker who will charge our members a minimal fee for buying and selling Egold.

The same withdrawal rules will be in place.

A lot of members have asked us to start using Egold for withdrawals, but I know that some members will be upset with us no longer offering the direct Bank wire option. With Egold.com (via the broker) you can have your wire sent express so it arrives within 24 hours. For members wishing to conduct transactions of US$1,000,000 or more, we will make special arrangements in regards to bank wiring.

I know many of you will have objections to this new system, we ask that you please understand that any changes we make are always to benefit the fund and it's members.

We will have more information on the above shortly.

Regards

The FXIG Team

Posted by: tulasu

Well, that's a switch! Most are running away from Egold.

Posted by: moremoe

but the logic is sound, imo. I have heard before about the reluctance of banks to handle large numbers of wires. On the other hand I would have thought that the bank in Bermuda would have been fully aware of FXIG's needs when they agreed to take them on...

Posted by: jbone

Do you feel it is possible that FXIG's account could be hacked? I know Ron said they don't leave funds in the account very long but....

Posted by: forwardone

In theory I think that anyone`s account can be hacked, even big banks have been known.

Posted by: moremoe

In other words, don't lose sleep over it...

Posted by: sobo

Does anyone know what is happening to the 5yearbonds pogram? I am missing payments. The Admin is not responding to myu emails. If you know anything that I do not know, please advise me. Thank you.

Posted by: forwardone

Quote:

Originally Posted by sobo

Does anyone know what is happening to the 5yearbonds pogram? I am missing payments. The Admin is not responding to myu emails. If you know anything that I do not know, please advise me. Thank you.

sobo, welcome to the forum. Are you talking about 5yearbond? If so you should be posting in that thread, rather than here.

http://www.web-life.org/vb/t3703-.html

Posted by: Wondering

Quote:

Originally Posted by sobo

Does anyone know what is happening to the 5yearbonds pogram? I am missing payments. The Admin is not responding to myu emails. If you know anything that I do not know, please advise me. Thank you.

I Think you're in the wrong thread. It's only cash in FXIG

Posted by: Salty

haha, no more discussions here.

quit at least 6 months ago!

Posted by: clifton

You are lucky if you quit with your funds. Now the funds are locked and losses are reported

Posted by: Salty

Quote:

Originally Posted by clifton

You are lucky if you quit with your funds. Now the funds are locked and losses are reported

Yap, I was a much early member there, just didnt like the dishonesty of the admin there (hmm, he possibly got 3 or 5 IDs at TG), so quit with about $3K profit from it.

Posted by: forwardone

Moved folder

Posted by: clifton

This one claims to run in some form (funds transferred to "commodity trader"), but I guess its place is still here at least before they start paying.