{"id":337,"date":"2017-02-20T02:20:16","date_gmt":"2017-02-20T02:20:16","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=337"},"modified":"2017-02-23T04:36:49","modified_gmt":"2017-02-23T04:36:49","slug":"forex-union-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=337","title":{"rendered":"Forex Union — Review, Part 1"},"content":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore!<\/strong><\/p>\n

Forex Union Finance Limited (Forex Union<\/a> for short) was incorporated on January 23, 2017.\u00a0 It came online on February 12.\u00a0 However, according to its website, they \u201care the team of creators and technicians, programmers and mathematicians, accountants and profit-managers, who for the past 6 years altogether\u201d have been in the trading business.\u00a0 So, I guess they have been in business for quite a while although they were not incorporated?\u00a0 The Articles of Incorporation indicate that a Mr. James Bentley, an Englishman, serves as the sole director of the corporation and is also its secretary.\u00a0 He holds the sole share in the corporation that he purchased for one GBP.\u00a0 The Articles go into great detail about procedures for appointments of directors, directors meetings, etc. as well as similar procedures for shareholders.\u00a0 This is the same situation as for a number of other HYIP programs incorporated in England that I have reviewed recently.\u00a0 Once again, one wonders about the need for all this as the company is obviously a one man show.\u00a0 But, you might think, why is it a one man show if they are such a large and successful operation?\u00a0 This and many other questions about the structure of the company are unanswered.\u00a0 The information that is provided only adds to the confusion.<\/p>\n

To make matters worse, the English used in the website is clearly that of a person who is not a native English speaker.\u00a0 A company based in England should have no trouble finding someone who is capable of writing flawless script for the website.\u00a0 Unfortunately, this situation is common and, especially for a company based in the UK, casts serious doubts on a company\u2019s legitimacy.\u00a0 This was discussed in detail in Issue #2 of Emily News HYIP Insights<\/em> that you can read here<\/a>.<\/p>\n

This information is unpleasant to discuss.\u00a0 However, the potential investor always wonders about the company he will be entrusting his money to.\u00a0 In this case, there appears to be reason for a great deal of caution.<\/p>\n

All this said, Forex Union<\/a> is supposedly involved with Forex trading as well as with investing\/trading on the stock market.\u00a0 They claim to be very good at what they do, not only because of the expertise of their trading team, but also because they use automated trading methods that permit quick response to market fluctuations.\u00a0 They even claim that they might be the most qualified trading group of all in this type of business. \u201cAccording to our information, no one else can conduct the trading sessions in such way. At least we know how to do it far the best of all, because we developed such an approach independently of the competitors.\u201d\u00a0 This is quite a claim.\u00a0 However, if it\u2019s true, potential investors with Forex Union<\/a> are in luck!<\/p>\n

Well, let\u2019s discuss the investment programs offered by Forex Union<\/a>.\u00a0 After all, that\u2019s what we\u2019re here for.\u00a0 There are six of them.\u00a0 The first three are relatively short term and return your investment at the end of the investment term.\u00a0 The second three are relatively long term and do not return your investment (it\u2019s included in your earnings).\u00a0 Here\u2019s a summary of the first three programs:<\/p>\n

Union Newbie
\n2.1% daily for 5 calendar days
\nMin amount: $10
\nMax amount: $50<\/p>\n

Union Advanced
\n2.3% daily for 10 calendar days
\nMin amount: $51
\nMax amount: $1,500<\/p>\n

Union Trader
\n2.5% daily for 15 calendar days
\nMin amount: $1,501
\nMax amount: $10,000<\/p>\n

As you can see, the first two Forex Union<\/a> investment programs might be within the reach of most online investors.\u00a0 The third is probably reserved for the big spenders — or, I should say, the more serious investors.\u00a0\u00a0 OK, let\u2019s take a look at what would happen if you invested $100 in the \u201cUnion Advanced\u201d program.\u00a0 Your daily earnings would be 2.3% which, for a $100 investment, is simply $2.30.\u00a0 By the end of the 10 day investment period you would have earned $23 (10 x 2.3).\u00a0 And then your principal would be returned.\u00a0 All three of these programs will work the same way.\u00a0 Of course, your principal is locked in for the entire investment period.\u00a0 So, while you can withdraw your earnings at any time, you will not be in profit till you receive your principal back.<\/p>\n

Here\u2019s a summary of the second three investment programs.\u00a0 Again, in these programs, your investment is not returned at the end of the investment period; it is included in your earnings.\u00a0 That\u2019s why the interest rates are higher for these programs.<\/p>\n

VIP Silver
\n3.0% daily for 100 calendar days
\nMin amount: $500
\nMax amount: $2,000<\/p>\n

VIP Gold
\n3.5% daily for 100 calendar days
\nMin amount: $2,001
\nMax amount: $5,000<\/p>\n

VIP Platinum
\n4.0% daily for 100 calendar days
\nMin amount: $5,001
\nMax amount: $100,000<\/p>\n

These Forex Union<\/a> investment programs run for over three months.\u00a0 So, they are reasonably long term for a HYIP.\u00a0 They also require a fairly healthy investment.\u00a0 Probably only the first program will be of interest to most online investors.\u00a0 So, let\u2019s see how an investment of $500 would work out in the VIP Silver program.\u00a0 For a 3% interest rate, you would earn $15 per day.\u00a0 By the end of the 100 day period, you would have received a total of $1,500, a profit of $1,000.\u00a0 You would break even in 34 days (500\/15).\u00a0 This is a very profitable program and the time to break even is reasonable.\u00a0 The other two programs in this group are even more lucrative.\u00a0 However, the minimum investment for them is probably beyond what most online investors care to risk.<\/p>\n

Please stand by for Part 2 of this Review which will be coming soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore! Forex Union Finance Limited (Forex Union for short) was incorporated on January 23, 2017.\u00a0 It came online on February 12.\u00a0 However, according to its website, … Forex Union — Review, Part 1<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","exalt-entry"],"yoast_head":"\nForex Union - Review, Part 1 - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=337\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex Union - Review, Part 1 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This is \u00a0SCAM project already! 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