Edgar International

[PipsConqueror]

But it seems like there is no improvement at all. How can they resume normal withdrawal if there are still a lot of pending. I think March 1 is not possible, maybe on the 31st.

yes, i also think so. Lets give it a 1 month address. The thing is, it could also be march 2012. Hahahaha. All i would like to see here is, what after the withdrawal being done then the withdrawals of capitals. I only like to see the next withdrawals. If got la. Hahaha.

Im off to play fireworks. Hehehe. Btw, i got my withdrawal from fxcm.

[MasterAsia]

Just an observation, but i do think Andy is planning to reinstate the payment icon. The payment will probably be kept the same way, which is manually through your agent. They have been using a withdrawal slip recently for those that did get the money, they have got their agents to harass Andy.

Now I am sure Andy and Gang will not be in the office of Edgar. But from the way things have operated, I assume that will be starting or using new companies to lure in investors. That is why there are so many itrade company. You could technically scam anyone in any country.

My gut feel is Andy will try to save Edgar because, its in his hometown, unless they planning to run away. They will get the money from other clients from other company like regal, UPL, etc.

I don’t think the money will come out quick knowing that many people will withdrawal in March.

[PipsConqueror]

Next excuse is i think, forbidden to withdraw all. What do you think masterasia?

[jaysonsoetrisno]

Prayers are about the only thing most of these “investors” can do to try and get any of their money back.

People are questioning why there’s been no trades in their account. If Edgar was something like a hedge fund investors would pay into a fund and their money would be put into the trades being placed by the fund and they’d then see a return / loss on their investment based on how well the fund’s trades did. But no - Edgar trades individually on each client’s accounts on their behalf. Sometimes a client gets a trade and sometimes not (as is the norm lately).

If a client’s account is being traded individually then there should be no problem to get a withdrawal at any time - the money is either being invested in the markets or it’s not. If it’s not then it’s dormant and should be there for withdrawal.

However it looks like Edgar is doing something else with the money. It looks like they’re taking all the investor’s cash and either running a ponzi scheme or investing it themselves in the markets for their own return. Neither is great for the “investors”. If it’s a ponzi it’s too late for them to get their cash out more than likely. If Edgar is playing with the money in the markets why go to the trouble of pretending to trade in client’s accounts sometimes when they’re pretty clearly not doing so for real unless their final intention is to run the accounts down with large losses and keep all profits for themselves. Hope you all can afford to lose that money you’ve given to these scam artists…

we must determine if the trades are fake or real before we accuse him of ponzi
i sometimes printscreen when he is trading
it seems real
and he does new york
when is quiet no rush
if he wants to borrow our money for his own trade
he can actually do it without causing a scare
so what happen to the money ???

[jaysonsoetrisno]

Hi,

If Andy is in fact running regal, Edgar, Region…or even UPL together. Then its definitely ponzi and unregulated for these reasons. Andy himself say that he uses Edgar because they are good, but if he has been diversifying and getting people to invest using different company then something is really wrong.

Most trader will tell you that they use different company because different company have different platforms and spread. But since we all know from Mutalib that all these company belong to the same group and use the same platform, then Andy should have no reason to use different company name to trade, unless he wanted to make sure that he dont put all the eggs in one basket, meaning if Edgar get closed by the NZ Govt, there is UPL, or even Rastenburg. The more he have, the more he can spread his money from his clients.

My initial assumption is the the itrader company were scammers and the trader was ok meaning he can trade but he join the wrong company. But knowing that he has been diversifying with different company means that he is part of their gang.

The key question is are people getting their money out from the other companies faster ? Is it region or regal ? Maybe get all the agents to switch all the clients out of Edgar into Regal then. Since Andy is the main guy, then he can do the switch, so all the investors can get their money

Seriously, I dont really care if he is running MAdoff style ponzi scheme. Just hope that you guys get your money. But all i can say is high risk high return. Just know when to pull out.

I am a church member and I can be 100% sure Andy is running Edgar and RGL
not the rest.

[jaysonsoetrisno]

how you know this " Also he wants people to trust him that it is not a scheme.
Even till last week", who contact Andy last week?

Because I met him during that week!
I am a church member.

[jaysonsoetrisno]

MasterAsia claimed that trading on Dec 22,2010 couldn’t be done at NB 83.45. I checked other Fx co (Not itrader)and found that NB 83.45 could be done from 9:45 to 10:05 and 11:30 to 1140 and at 1330 all Greenwich MT(london) and CS could be done too. I reduced time frame to m5 ie 5 minutes per candle. However, volume was low. I did not check itrader. Big volume could be done by using FXCm and others as well. Your print screen may only capture part of a day trade. What time frame did you use when you did prtsc? Market swings so other entries can be done at different times. One cannot verify whether trading is really done based on this alone. Bucketshop trading means the order never reached the trading floor but winner still can take their winnings although the operators could delay execution to minimise their losses or maximise their profits against the losers. Like black market 4 digit, operators will use real draw results ie real market movement or charts to conduct market trading.
If however, MasterAsia is correct about itrader on dec 22, 2010, then itrader is not in sync with the fx markets.

Thanks for the reply.
According to someone who subscribes the forex data.
Andy does New York!
I am not familiar with forex trading but would like to find out if the trading is real.
My print screen is available if anyone wants to verify!
How do i attach a print screen?

[PipBandit]

Of course it’s not real trading. When some people say they have trades in their account and others don’t this implies that Edgar is trading the accounts individually. This would be an idiotic way to do things in real life. Hedge funds that take lots of relatively small amounts of money from investors would never do things this way - the money is routed into the fund and traded as a block. Investors then make a return / loss based on the performance of the fund. A hedge fund wouldn’t have the time to individually trade each account - it’d be horribly inefficient in terms of time and cost.

Also, it’s a given that an established trading company that trades on behalf of it’s clients has things such as a prospectus, etc. which outlines exactly what they’ll be trading in, their objectives when trading, how much risk they’re willing to take on, etc. Edgar doesn’t do any of this. They apparently just “trade” for their clients and the client has no idea either when their account will be traded or what they’ll be trading in. But as they supposedly trade the accounts individually then how come clients can’t get their money back? If there’s no trades in the account then the money should be just sitting there and available for withdrawal. But it’s not - which means that the money has gone somewhere else. Where and why? Who knows - certainly not the client. They’re either a ponzi or a group that’s using your money to invest for themselves most likely and either way the clients are going to be screwed in the end.

Honestly if you can’t see the tons of things which are so obviously wrong about Edgar you deserve to lose all your money. And I’m pretty sure that Edgar will give most of you exactly what you deserve.

[MasterAsia]

If Andy is indeed running both Edgar and RGL, and the recent Rustenberg. Then it doesn’t take someone with brains to realise something is wrong. Because technically all these " companies" are the same owned by a similar group as mentioned by Mutalib, just using a different name.

Technically there is no reason why Andy will so called “trade” using so many different company names seeing that the platform should not be any different as they are owned by the same group. I can understand if he uses different platform because of the functionality. There is only 1 logical conclusion, Andy spread his money making scheme in different companies so if one collapse there is still another to fall back on.

Please bear in mind that the itrade platform could possibly be manipulated. The market movement could be real, but who knows of have seen him trade live. If you have the power to remove payment icon and decide on payment, Andy is not just a trader in Edgar, he must have significant leverage in the group to do so, he could have the power to fake a buy and sell numbers based on historical numbers.

Well march is around the corner, i am sure many people are waiting to withdrawal … good luck … remember pester your agent , if not pester Andy, Jerry or Feng.

[star89]

Because I met him during that week!
I am a church member.

Then u should be safe!!! any insider information whether investors really can get their money by March??

[jaysonsoetrisno]

Then u should be safe!!! any insider information whether investors really can get their money by March??

RGL is Rustenburg Group Limited.
All his assistants invest in both RGL and Edgar.

Till last week (mid February) they still put in money into RGL because withdraw is quick.
I ask the same question and the answer is hopefully everything will be fine by March.

Personally I do not see how Andy will run away with money that belongs to people that he play and camp and hunt with since childhood.
I personally know one 10 000 USD payment from ANZ few days ago.
Hope for the best!

[Confused]

Go to the bottom of babypips under POSTING PERMISSION. Select “You may post attachment…IMG”. Try this one: open and attach. Still got problem? Then go ask babypips for help

[rashygomez]

Next excuse is i think, forbidden to withdraw all. What do you think masterasia?

looks like they have a book of excuses.

[PipsConqueror]

Honestly, its boring without AllenLiew.

have you ever wonder why a Con guy doesn’t look a bad person??? we might not know what a conman might do right, he doesn’t care if he destroys his own family just to look after him self. So, beware people… its an angel outside but devil in the inside.

[jaysonsoetrisno]

Honestly, its boring without AllenLiew.

have you ever wonder why a Con guy doesn’t look a bad person??? we might not know what a conman might do right, he doesn’t care if he destroys his own family just to look after him self. So, beware people… its an angel outside but devil in the inside.

VERY TRUE
I live with one
who cheated multi million USD
not afraid of police
even cheated the police
and bankers
and knows how to calm them
and always know the next step
I hope my trained eyes will not fail this time!

[r104for]

gg no news… since OCT till now. they wont return the money. just make u wait and they ask more people to join.

[bestwishes]

Honestly, its boring without AllenLiew.

have you ever wonder why a Con guy doesn’t look a bad person??? we might not know what a conman might do right, he doesn’t care if he destroys his own family just to look after him self. So, beware people… its an angel outside but devil in the inside.

Hi PipsConqueror,

I have same feeling as you, it’s quite boring without AllenLeow throw some garbage here? However, I think you quote his name wrong. That’s why he is silence, you should quote AllenLeow instead of AllenLiew. Without the right name quoting, AllenLeow may still remain silence. Alibaba… show yourself, Mr. AllenLeow.

[bestwishes]

Hi jaysonsoetrisno,

Andy is your church member, huh? Then ask him return all the money to his client, he should know he already make Sabah chaos. He still go to church? What’s a bastard, cheating others hard earn money, and still go to church to pretend he is righteousness? Ask your pastor give him a special sermon in public.

[purplepatchforex]

There are other options to frontal lobe stimulations

[PipBandit]

Lynch mob, pitchforks and flaming torches?