What is it? Most likely a Ponzi scheme starting with marketing hype, copy and paste HYIP.
HYIP Scheme: Collect more than the amount of investment withdrawals and keep the gig going.
SingliForex offers managed accounts through the companies listed below. The trading performance is excellent and looks as if we can all join the holy grail today. Is it too good to be true?
Normally when you see a Forex Brokerage offer managed accounts it is a red flag of caution unless the managed accounts are independently managed by real traders that you actually know. It is too often to see Forex Brokerages being opened to solely manipulate their trading history to get investors ( starting of the ponzi). By falsifying the trading performance the Forex Brokerage can convince you to invest with them. Once you send your investment capital to the brokerage, they have just started the ponzi scheme.
Investors will think it is real because they don’t know how trading histories can be manipulated
Investors deposit their money to take advantage of the high rates of return on investment
Fake trading system seems profitable/Daily Trading statements show profit (you earn a few percent each month)
You make a withdrawal to confirm its real
( Broker acquired new investors since your investment: Paying out your monthly return is small money and easy)
You invest more because you really think its real and are unaware of how easily a ponzi scheme works with Forex Brokerages
You tell friends and family about your smart investments so they invest too
Everyone is making profits and it sounds too good to be true
You become skeptical because they never lose and you make money every month
You tell friends and family that you are worried about your investment so you make a complete withdrawal of investment including all profits
Your friends and family do the same
You got your money but your friends are having problems and delays in their withdrawals
They become worried and more skeptical than ever. They start asking around online and the investigation begins
What company did we invest in, where is their company located, were they regulated and where are they regulated, is our money ensured?
Withdrawals are slow and now many excuses from their support team
They’re not responding to emails!!
They’re website is down!!!!
How do we get our money back?
If you invest through SingliForex or through any of the companies below you may has an opportunity to make a few withdrawals but like all ponzi schemes if everyone tries to pull their funds at the same time, it will eventually collapse.
These companies do not require much capital to start ,
Metaquotes Server License
and ponzi schemes have potential to earn millions and possibly billions.
A Real ECN Brokerage
A profitable/real brokerage (profits through commission fee) take a good reputation that are established over long periods of time with five star customer service to maintain large volume( many traders actually making trades) to pay the bills. Happy traders tell other traders and its a slow process of word by mouth.
Ever wondered how to make your money work for you by generating between 5% to 15% average profits every month using Forex(Foreign Exchange Market) as an investment vehicle for passive income – LEONG WAH
LEONG KOON WAH
Name Server: NS1.HOSTDUTY.COM
Registrant Name: LEONG WAH
Registrant Organization: LEONG WAH
Registrant Street: 36 Purvis Street #02-05
Registrant City: Singapore
Registrant Postal Code: 18861
Registrant Country: SG
Registrant Phone: +1.6594664779
June 17 – Singapore, Singapore IP: 188.8.131.52
We represent SingliWorld, Singliforex, TfxGlobal, Triumph Global (Asia) Limited
Investor Alert:TFX Global
Room 805 – 807,
Yuen Long Commercial Centre
24 Kau Yuk Road,
Yuen Long N.T. Hong Kong
TFX Global and its subsidiaries are wholly owned by Triumph Global (Asia) Limited
Name Server: MEGAN.NS.CLOUDFLARE.COM
Creation Date: 10-apr-2014
Name Server: NS37.DOMAINCONTROL.COM
Hi, I was recently introduced to Singliworld and Truimph FX. I found that both the companies are under MAS’s alert list. How can we find out more info about them and their review. Thanks and happy lunar new year. – Andrew, Singapore, Singapore
Name Server: NS1.TFXI.COM
Registrant Name: Triumph Int Limited
Registrant Street: 2283 Columbus Centre,
Registrant Street: Road Town, Tortola
Registrant City: British Virgin Islands
They destroyed my trading account from an equity of $5k to $1300. When I asked them about this they said they had set some wrong setting in my account due to which this had happened, but this is completely wrong as they had some worst traders who manages the account and that is the only reason I have lost my equity. – tradecomplaint.com – January 25, 2015
Triumph Int Limited
Who owns Triumph Int Limited?
HELMORES WEALTH TRUST COMPANY LIMITED – 100% shareholder of Triumph
Incorporation Date: 19 Nov 2010 – Directors:Peter Brendon WYLLIE
HELMORES WEALTH LIMITED – 100% shareholder of HELMORES WEALTH TRUST COMPANY LIMITED
Incorporation Date: 03 Dec 2009 Directors – James CRILL – Peter Brendon WYLLIE – Raja Segaran S KRISHNAN ShareHolders – James CRILL – Peter Brendon WYLLIE – TURVEY TRUSTEE LIMITED
TURVEY TRUSTEE LIMITED
Incorporation Date: 13 Sep 2011
Director – Alan James Kenneth BRUCE – Andrew MACKENZIE
ShareHolders – Morag Jane AYERS – Charlotte Elizabeth AYERS – Barbara Ann Fernie AYERS
Peter Brendon WYLLIE
New Zealand Lawyer for over 200 Registered Companies in New Zealand
Brand: Helmore Ayers
Bar registration year : 2003
we were the agents for that company in NZ. That means we are not responsible, as we are not the principal but agent. Peter Brendon WYLLIE – Forex Peace Army – ibcfx.com
Participation in the Insurance & Savings Ombudsman Scheme Inc
Financial Markets Authority ("FMA"), which is the regulator of financial service providers in New Zealand
Investor Helpline: 0800 434 566
Financial Markets Authority Helpline: 0800 434 567
Address: Financial Markets Authority
DX Box CX10033
PO Box 106 672