I have received a call from forex trade company located in syprus and offered me to invest in online currency business. please comments. ?

Thanks for invitation Mr Moin

You should study this a proposal carefully

 

You are the only one who knows your experiences and your skills your objective, your priority 

You must read carrefully the rules of the employment contract

I wish you good luck

This is a proposal that should be studied carefully

You are the only one who knows your objective, your priority, your experience and your skills and abilities, so it's up to you to see, analyze this offer, weigh the pros and cons and make the decision that s' imposed.

I advice you to well study this offer, analyze the job description, your role and your responsibilities .

You should also carrefully read the rules of the employment contract.

I wish you good luck.

 

Couple of months back, I too received after seeing online pop up ad and responded by giving my number. Within a minute I got a call fromSyprus asking for some money deposit. Since, there was clandestine between online pop up and the speed of the call and the demand, I said not interested.

Nevertheless it is good business but one should thoroughly study the online currency trading and or under mendoring, can become successfull in this volite money market.

First of all, I don't recommend this deal for you. You can consider this a warnning for other users, just review the data below.

Online FOREX trading platforms are a perfect place for scammers to make millions!!!  FOREX has a huge amount of risk involved in trading even when you are using a reputable company.  This makes it easy for unreputable companies to take your money.   I took a look at a company ,Here is what I have found.

iFOREX Scam Claims

iFOREX was founded in 1996 by a group of bankers and FOREX dealers and is now one of the largest and most respected firms in the industry.

You don’t have to be a professional to trade online.

iFOREX is dedicated to providing its clients the highest level of customer support.

Here is how iFOREX is promoted:

 

FOREX trading can be legitimate for governments and large institutional investors concerned about fluctuations in international exchange rates, and it can even be appropriate for some individual investors. But the average investor should be wary when it comes to FOREX offers. – Source cftc.gov

There are pages and pages of complaints about iFOREX.  It has an incredibly low review rating on many FOREX review sites.

Company Address:Formula Investment House Ltd.15 Nikis St. Syntagma Square, 10557 Athens, Greece.

The owners and managers of this business are hidden. iFOREX is not a reputable or respected online trading plateform.

CFDs and spot FOREX trades are not traded under the rules of a recognized or designated investment exchange. Consequently, engaging in CFDs and/or spot FOREX trading may expose you to substantially greater risks than investments which are so traded. One of iFOREX’s subsidiary companies acts as the market maker and principal to all foreign currency contracts executed by you with iFOREX. – Source iFOREX.com

In other words, they are using their own platform and they increase your chances of losing money.  Your money is not placed in the market by a legitimate dealer and they keep your loses and commissions.  It is in their best interest for you to lose money.

To open a new transaction and trade online with iFOREX, you need a minimum deposit of US$100. The minimum transaction size for a new account is $2,500 (or the equivalent), with up to 400:1 leverage.

If you cannot invest at least $10,000 USD into opening a FOREX account, you likely are going to get a market maker or straight-through processing account. In their disclaimers, you will see that most market maker brokers boldly relate that they will always act in their best interest, regardless of whether it coincides with your best interest. These brokers are called market makers because they make their own markets. In other words, these firms use their assets to manipulate bids, spreads and trades within an intra-company submarket dominated by the firm’s own assets.

If a brokerage tells you that it’s placing your trade order on the open market but your account contract says that the broker makes its money on the bid/sell price, that broker is likely misleading you and is not putting your order on the open market at all. Instead, this type of market maker broker will place your order on an in-house market in which the brokerage can manipulate the bid/sell price to its advantage.

FOREX brokers that do not charge commissions collect profit from speculating on the bid/sell spread. Ninety-nine percent of the time, commission-free brokers are market maker brokers. No one can stay in business by not charging a commission and losing on the bid/sell price, so in most cases, these firms are market makers so that they can control their profits. Some report that FOREX brokers usually only release about 30 percent of their profits to their clients. If you happen to make money on a trade, it is often because the broker’s interest coincided with your bid.

 

– Source Top 5 Identifying Traits of a Bad FOREX Broker

Here is how the iFOREX scam works:

They get you to make a small investment and help you make a few deals.

They make it very difficult to get your money back.

They then hound you to make a large investment.

With the increased risks of using their unregulated platform you lose your money with additional deals.

Take care .

 

Thank you very much all my humble colleagues and friends for your honest answers.

I written this question only for awareness to my friends and colleagues on this platform to understand how they do fraud by offering to invest 200$ and start your online business. I have considered very carefully about this business. When you open your account in Forex Trading website. They allow you to access the Currency or some Assets like Gold, Silver or Company stocks like Google, Samsung, and Apple. In that website you find some rates going up and down within the time frame. When you select the option and predict that the rate will be increase/decrease within 60 seconds, and the rate starts going up and down. At the end of 60 second you earn/lose your investment according to your prediction. Early few transactions you feel that it is working and you are getting 70% in returned on your investment. When you successful in getting money in each transaction and cross the limit of 200$. They suddenly change the calculation meter behind the website against your prediction and as a result in next few transactions you lose your money. This is the reality of the web scammers in Europe and around the countries.

So please do not take part in these kinds of businesses. They will show you the fantasy world and the easiest way of earn money rather than working hard and compete with the market. I believe in real business.

 

 

Looking at mr. Heavenly's experience with a similar situation, it gets me thinking about cone men & hackers allover the global village who take advantage & do fraudlent activities. You do extensive research about that company in question, background check & also research about the forex line of business, whether its viable or not. You must be extra careful

Before you commit you should communicate intensely until there is some businesslike prospects.  Start with a small investment and watch carefully.

You should not give your freedom to a stranger in a far off country??? Go with the Companies that are regulated in 1st World address like USA UK Australia.... Check the link for Licensed Brokers are best bet if you’re going to trust a Foreign Broker. Watch the Movie Wolf of Wall Street the newer one with Leonardo DiCaprio, these brokers are filthy rich off our trades.

The company that called you is a broker used for trading online. Do not answer any of their cAlls anymore. There are already couple of complaints about them especially by people who got scammed.

Thanks

I think you shoud beware. do not send your contact info for them

To be honest, I'm not sure that you should respond to the offer of such unknown companies. I can advise you to turn to google so that you can find out more information. For example, before working with ironfx.com, I read a lot of reviews and articles beforehand. That's why I advise you to do it too.