Forex Tradingwithrayner

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seanylit

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tradingwithrayner said:
All i can say is, if it's too good to be truth, stay away.
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Hi Rayner,

Thanks.. looks "tempting" as they claim ~5% gain per month rather than 10-20% that i have seen on other "scams".. my friend joined and he is trying to convince me that it is a viable investment as he has been seeing so-call profits in his account.

The one thing that holds me back is the MLM portion, if it is touted as a forex investment vehicle, why is there a need for a MLM structure? Also, Singliworld is also on the MAS watchlist but my friend gave me a not-too-convincing explanation.

Thanks again. Good trading to you !
 
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seanylit said:
Hi Rayner,

Thanks.. looks "tempting" as they claim ~5% gain per month rather than 10-20% that i have seen on other "scams".. my friend joined and he is trying to convince me that it is a viable investment as he has been seeing so-call profits in his account.

The one thing that holds me back is the MLM portion, if it is touted as a forex investment vehicle, why is there a need for a MLM structure? Also, Singliworld is also on the MAS watchlist but my friend gave me a not-too-convincing explanation.

Thanks again. Good trading to you !
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I have personally been there before, they can't answer all my questions and just give a either invest or go away reply. There is no concrete answer to some questions and they get a little annoyed if you ask more.
 
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Shalomp said:
what was the not-too-convincing explanation if i may ask?
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The standard usual reply for any MAS watchlist company is, anyone can complaint and a company will be on the MAS watchlist even if they did nothing wrong.
 
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Shalomp

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Perisher said:
The standard usual reply for any MAS watchlist company is, anyone can complaint and a company will be on the MAS watchlist even if they did nothing wrong.
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LOL ok so if i make a complain against temasek for misusing tax payer's money i can get them on the MAS watchlist? :s22:
 
tradingwithrayner

tradingwithrayner

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seanylit said:
Hi Rayner,

Thanks.. looks "tempting" as they claim ~5% gain per month rather than 10-20% that i have seen on other "scams".. my friend joined and he is trying to convince me that it is a viable investment as he has been seeing so-call profits in his account.

The one thing that holds me back is the MLM portion, if it is touted as a forex investment vehicle, why is there a need for a MLM structure? Also, Singliworld is also on the MAS watchlist but my friend gave me a not-too-convincing explanation.

Thanks again. Good trading to you !
Click to expand...

Just be careful with your hard earned money.

Usually a 'trick' used is to give profits at the initial phase to entice the investors and to let their greed kick in. Then they will put more money in and eventually you know what happens next.

I'm not saying the company will do that, but that's usually how those scam out there works.

Rayner
 
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seanylit

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Shalomp said:
what was the not-too-convincing explanation if i may ask?
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He explained that it is very difficult to get a MAS licence for forex investment in Singapore, that is why the invested money is going to a foreign brokerage oversea.

I questioned him that most of the companies on MAS watch list turns out to be real scam, eg, those GOLD guarantee companies, Sunshine Empire etc etc... shouldn't Singliworld clarify properly to get themselves off the list?? Then he showed me the header from MAS below, saying it does not claim that those on the list are scams, just not authorised by MAS... from then onwards, i avoid him like the plague.

Anyway, this will be my last post on this thread on Singliworld... do not want to derail the thread anyworld.. :D

"""
The Investor Alert List provides a listing of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS. This list is not exhaustive and will be updated.
"""
 
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From what I heard singliworld is no longer operating in SG for violating some rules. Be careful.
 
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Shalomp

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Perisher said:
From what I heard singliworld is no longer operating in SG for violating some rules. Be careful.
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there are videos of their seminar where the speaker (who resembles the founder) says they go around SEA and shenzhen to approach investors
 
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Shalomp said:
there are videos of their seminar where the speaker (who resembles the founder) says they go around SEA and shenzhen to approach investors
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Don't bother. It's disappearing in Singapore anyway.
 
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Shalomp said:
cos people are smart? their strategy is called superman EA and they have 4 traders. i am curious to know what it is
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You seem keen to promote them. Are you one of them?

They claim they have 4 traders which nobody knows nuts about. They can claim they have a thousand, doesn't mean a thing. Besides they also claim they are the top traders in the world and yet they also claim they would be replaced if they don't perform which is contradicting because that would mean there are so many top trader around?

Anyway, let's not OT.
 
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