Probably same owner too. A web designer will not produce 2 similar or plagiaristic work (including wordings) to two different web owners.
And yes. Definitely run by the same server. Different companies but operate under same server? How to ensure safekeeping and confidentiality of data? The company that runs the server should have highest integrity and must be well known in this field. Unfortunately the name of this server company, software developer and even the managing director of the individual companies are unknown. (all letters signed by Edgarās managing director are without the MDās name).
Would you dare to risk your money investing with a company that is unknown in its home country, New Zealand? A company using an unknown system running on a mysterious server? Investing in such forex company, you are not only exposed to market / currency risk, you are also exposed to scam risk.
Letās see how long can this company, Edgar last. Incorporated on 9 Jan 2009.
do u think if u is the director or shareholder??? if there is 100 ppl and every ppl pump in 1k usd, means got 100k go to the scam... but 3 month later they earn 100%... another 3month will become more and more... if its a scam, can u pay out those money which ppl earn from it???
get what i mean??? just 100k go in the company but the withdrawal is more than the capital... will u do such a scam or business which make u lost money???
every investment sure got risk even u ownself set up a hotel or trading companyā¦ u can assure it can last long if there is no business???
and the most important is
one of the edgar fx broker stop to trade for someoneā¦ so, in term of revenge, he might spread those bad news outā¦
always remember, every investment sure have its risk even lehman brother also the sameā¦ then u blame them for scam also??? and if u wanna do investment, prepare for the worstā¦ if not, dont do itā¦
if u have evidence tat edgar is a scam, post it here and straight sue the companyā¦ we all here guessing and dont have any answerā¦
Good stuff. 100% in 3 months time! Let the money grow and your $300 will become $4500 in a year. Thatās why out of the 100 people, less than half will withdraw all the money and more people will join, as friends will refer friends. So 3 months later there will be some people withdrawing money but more people will pump in more money. With so much money coming in, of course the business will not close shop. But then, are you sure there was really a profit to pay you in the first place? Or was the money paid to you, was your friendās capital?
FYI, this thread has been viewed more than 4,500 times. [B]More and more people will realize this is a scam. More and more will withdraw money.[/B] Eventually money payout will be greater than money received. Then you will get the answer if it is possible for a company to pay more than the capital.
[B]Trust me. You wouldnāt want to be the last one to withdraw money. Still not convince how this works? Go and google āponzi schemeā.[/B]
P/S: How do you sue the company? Edgar NZ, never receives money from you. You wired-transfer money to Cosca and Demac in NZ. Recently, clients are asked to TT money to Edgarās account in HK. Why would you remit money to HK when you are doing business with a company in NZ? The company can always deny any relationship with Edgar HK. Moreover, the letter was signed without a name.
If one person said Edgar is a scam, then probably itās not true. If more than 10 said it is a scam (especially some are the senior forumers), then you better becareful.
I agree whole heartedly. And remember if you are in this and you have āmade a profitā then if it is uncovered that this is a ponzi scheme, then all youāve really done is essentially taken the next guys money. Chances are it was a friend that you convinced to join.
Stealing from a friend, come now, thatās dishonourable even amongst thieves!
Disclaimer: Whilst itās true that by trading currencies youāre taking someone elses money, that other party knows and takes the same risk you do. I personally like to think of it as trimming a little off the commercial guys transactions for myself:)
well. first, do you sure its easy for u to find investor??? maybe u got a lot of rich friend would like to invest but u sure those ppl wont withdraw???
before the money wired-transfer to edgar hk, demac, cosca, u know its transfer to where??? its to edgar-international at new zealandā¦ there is company registration codeā¦ but now, i am checking about this edgar company registration code at HK
thanks for your informationā¦
about remitance to HKā¦ its because the authority at New Zealand checking edgar international at new zealandā¦ if its really a black market, i believe those account already frozen,ā¦ and if like wad u said, 4500 viewerā¦ then i hope a lot ppl withdraw their moneyā¦ and lets see what will happenā¦ i also heard news tat currently withdrawal need 2weeks there because of banker need to check their money is it from the black marketā¦ if the money never enter the market, then edgar will close soonā¦
if edgar is clean, since those trading they (edgar staff and company shareholder) also earn commission, why they wanna scam??? still earn moneyā¦ if they scam, u think they can hide??? a lot of ppl sure hire assasinā¦ lolxā¦ their currently director name from my search is Dindo Carangian de Villaā¦ why not run a business since it make money rather than scam ppl and get hide and everyday and night scared of being assassin???
totally no offense to anyoneā¦
then i wanna ask some question againā¦ not just forexā¦ if u make other type of investment, u also need a broker and the money also remit to the companyā¦ then is it means other company also scam"??? till today the answer still the sameā¦ guessing is not the answerā¦ proof it with black and whiteā¦ can u say everyone in this world open investment company also a scam??? u cant say thatā¦ time will prove itā¦ If u ownself also a trader, ur money at which company??? u sure it wont scam u??? even a banker also will have chance to lose moneyā¦
Greed will make that person want more and even more. Thatās the concept casinos use to make money.
So, first it was to Edgar NZ, then Cosca NZ, then Demac HK and finally Edgar HK? LOL. Does this really seem ok to you? You want to ask your lawyer or accountant if itās ok to pay Company A, and ask them to pass the money to Company B? As far as I know, income tax will surely look for you coz this is considered ālayeringā in money laundering.
Registration number is just a company number issued by the registrar. Itās not hard to set up a company. You just need to pay a yearly fee to maintain the company number.
So the authority is investigating on Edgar? So they cannot use all the bank accounts in NZ and have to open another account in overseas? This is not computer system down. This is stop using an account in NZ due to investigation, hence divert all monies to offshore account instead. This is very serious! Usually clients are only required to deposit money to the country where their account is maintained. If your account is registered under HK entity, then you should bank-in to HK account.
The whole procedure is very suspicious. Edgar KK donāt even have a registered office. Only hold meeting secretly at Celyn hotel, Citymall once a week. Who pays for the staff salary? Is it from a company registered in Malaysia or is it from an individualās pocket? If Bank Negara officers go and investigate will Edgar close down? Can you still get your money back?
You may say everything is guessing because there is no black and white proof. Let me tell you this. Your money is now in the hands of [B]unknown corporations in unknown locations[/B]. As there are so many uncertainties and dodgy procedures, chances of things going wrong is much higher than Lehman Brother going bust. When things go wrong, you may need to beg for mercy for the return of your money. You may have already gotten back your capital, but what about your friends who just joined? Like what ONE PIP said, you are stealing from your friends. Good luck.
As a businessman myself, making money is all about investing, buying selling, sell & buy back and so forthā¦ Its about putting your money out to the market letting it circulate a while to make more money.
If any reader here is not a businessman (or business woman), I wouldnāt hope youāll understand.
If you look at some of the historical public listed companies (ie. if you know about the stock market & if you have ever involve in it). You should realize that quite a number of them were thieves even though they were regulated by the central bank.
Well, if you know what business is, then you should all also know the risk behind it.
I have always live with phrases like;
being a employee is better then the employer
being a driver is better then the owner
being the manager is better then the director
etcā¦
If you get this you also know that the underdogs never never never understood what is it to be the later. Why? Because they do not have the brain(s) or $$$ money (of course).
Being neutral in this thread, I just want to say that āeven doing your own business is a riskā.
But, given an event to invest? I will at anytime jump into a 3 months return rather then year(s) of waiting.
If anyone out there care about reality you should go out and find real events from real people.
I recently gathered that there were quite a lot of US300 investors now regardless of the skepticism. What I wink of their situation was that they withdraw (balance minus US300) when their fund reach US400+ every month or whichever comes first.
Arbiter, Detractor OR Advocate? Guess who the winners are?
Doing your own business is a risk. Thanks. For. That.
So youāll always jump into a venture which has a 3 month return over a venture that has a 1 year return? You donāt look at any other factors? Like, oh I donāt know, the distinct possibility that Edgar are crooks, that youāve no idea who they really are, that your money is passed around who knows where and to whom, that they have mirror websites setup under a bunch of different names, etc., etc. You sound like just the kind of person that Edgar likes to have around.
If I setup a shell company here in Ireland with one director, make myself a website, get iTrader added to it and promise a 50% return in just 2 months will you send me your money? Thatās all Edgar did.
Thereās a huge difference between taking a risk in a legitimate business venture run by legitimate operators and just stupidly throwing your money away on an obvious scam.
agree with solaiā¦ even u do your own business is a riskā¦
looked like ytlpowr know everything about themā¦ u is one of them (edgar) or one of the investor???
if edgar really a scam, all the account already frozen as i told u authority at NZ already check themā¦ its their routine to check those company for money launderingā¦ but i wont say it wont happen to scam pplā¦ because i already saidā¦ every investment have riskā¦ high risk high return, low risk low returnā¦ no offense to you ytlpowrā¦ why u said edgar till 100% will scam ppl??? do you make any investment??? which company u invest??? do you invest in edgar before???
as everybody know forex is a high risk investment and may not suitable for all investorā¦ before deciding to trade, u should consider your investment objective, level of experience and appetite for riskā¦the possibility exists that you could sustain a loss of some or all of your initial investment and therefore u should not invest money that u cant afford to loseā¦
again to ytlpowr but no offenseā¦ u come in to those forex forumā¦ so, u plan to invest in forex??? then if u really not affordable to lose, u better dont invest in forexā¦ put the money in the bankā¦ Fix Depositā¦ safer for uā¦
If I setup a shell company here in Ireland with one director, make myself a website, get iTrader added to it and promise a 50% return in just 2 months will you send me your money? Thatās all Edgar did.
well, as i know, edgar never promise any 50% or 30% returnā¦ as i know, unit trust will give 7% to 15% return but not by month, its annualā¦
Off late Edgar has been playing hide & seek to investors. The BOSS doesnāt answer phone calls neither reply sms (which he did when Edgar 1st started to encourage ppl to invest). Now he is v v v bizzzzzz. We are told they travel to Indonesia, Taiwan & Phillipines to COLLECT more new investorsā¦
Since abt 1 1/2 mths ago w/drawal caused a big concernā¦ investors allow to w/draw only on Friday, once weekly, reasons Edgar tries to smooth operate the accountsā¦& if hv any Q & A arise Edgar so call agent assistants wud gv 100s & 1 unacceptable answersā¦:mad:
Since ppl regard tis Co. a SCAM, & it has nt registered to Bank Negara Malaysia can Bank Negara take action e.g. investigate, if some1 make a report tat it is operating illegally???
Pipbandit; that is a yes, I will trial (invest) with you with a minimum of US300 for a return of 50% in 2 months and double that investments in 9 months time (if you do not scam me first), and double that investment amount again consecutively every 7 months, and you only need to be sure you deliver every 2 - 3 months.
Since ppl regard tis Co. a SCAM, & it has nt registered to Bank Negara Malaysia can Bank Negara take action e.g. investigate, if some1 make a report tat it is operating illegally???[/I]
Reply: BNM cannot take action becos it is not registered in Māsia, & therefore not under Malaysian law.
Can kind soul pls advise me how do I withdraw my money out from Edgar iTrade plattform. After reading all the posts here, I would like to withdraw my funds before I lose them!
