Apple’s face is Steve Jobs, Microsoft’s is Bill Gates and Facebook’s is Mark Zuckerburg. However there is no face to go with FXUnited. I was previously with TriumphFX international and they also had a face of their CEO to go with it. While TriumphFX earns only 3-5% it had one very good thing going for it: Transparency. All the trades were transparent and documented online.
With FXUnited you get neither a face of an executive to go with it neither do you see trades documented to trace the origins of your profits. This makes the careful and responsible investor very nervous.
Furthermore there is no phone number nor a listed address on their website and what they do list as “live support” turns out not to exist: for example their skype addresses are all “false” or does not exist.
What you can find out about executives or office address or company registration has to be done by the researcher her self online via google. This adds an air of sloppiness to their website or to many others it looks scammy.
The registered company Global United was de-registered in New Zealand and they DID have an office there, internal chat has hinted of a new office in Manila with a new registered entity. However both information is NOT on their website and this makes me question why. It makes me wonder if they are fully committed to the future address in Manila or not at:
FXU Customer Service Manila Centre
Unit 6D, 6th Floor, 8 Rockewell, Hidalgo Drive, Rockwell Centre, Makati
Information on executives is non-existent on their website, you have to search for the registered company name that was de-registered in New Zealand (Global United) to track down one name: Precilla Lustre.
There is extremely little information about her but there is more information on yet another lady called Rujina Begum and even though she added me on linkedin she has never sent an instant message to me. Although I have to her numerous times.
What scares me about FXUnited is this. What if they lose money? Ok any Forex broker or fund can lose money, but what if they lose not all of our money but some of it and we are entitled to whatever capital is left? Could they pack their bags and run with it? The answer is yes they could because currently the business is not in any legal jurisdiction. It is in fact “stateless”. If you go to the police , which police would you go to? New Zealand? Well their not registered there anymore so there is no longer an office to go to with a lawyer to serve notice. There is also no mention of their supposed address in Manila so even though addresses have been mentioned in internal chat, it’s not legally binding information since it’s not posted on their website. So if you send a lawyer there, who ever is there might disavow FXUnited and claim their a separate company or worst, the office might be empty.
It is possible that FXUnited has been earning real profit for real people, but there is no proof they even exist. So if they fail(partially or completely), your money(or what’s left of it) doesn’t exist.