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Forex guaranteed return????

Kaybenson
Kaybenson Posts: 927 Forumite
Part of the Furniture 500 Posts Combo Breaker
in Boost your income
Hello fellow savers,

I will like to confirm this from experts on this forum. A friend recently told me that if a certain amount of money(like 500 pounds) is deposited with a forex expert, they can give a guaranteed some of money within 2 months.

Is this true?

Thanks

Kay

Comments

  • grey_lady
    grey_lady Posts: 1,047 Forumite
    Nope, sounds like they will be gambling, sorry 'trading' on foreign exchange (forex) currencies with your money. Seriously, anyone doing this as part of an investment scheme needs to be registered with the FSA.
    Snootchie Bootchies!
  • jhp
    jhp Posts: 2,342 Forumite
    edited 8 August 2011 at 1:56AM
    Hi Kay.

    The investment peeps tend to hang out in the Savings and Investment Forum which is normally the best place to discuss investments .:D

    http://forums.moneysavingexpert.com/forumdisplay.php?f=17
  • Kaybenson
    Kaybenson Posts: 927 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Cheers folks.

    I was wondering. The guy is seriously learning the forex market from guy B(who i was told was an Epert in forex). Guy B collect some money and give guy A returns in 8 weeks. The returns was very reasonable. I knew i will be enlightened by folks here.

    Many thanks.
  • Nosht
    Nosht Posts: 744 Forumite
    NO SUCH THING.
    If he is so good then why does he need to share this with others, (no doubt for a fee)?
    If it seems to good to be true then it is.

    Regards,

    Max.

    P.S. There are many such Forex schemes available at a price. WHY?
    Never be afraid to take a profit. ;)
    Keep breathing. :eek:
    Just because I am surrounded by FOOLS does not make me wise. :j
  • Tangible
    Tangible Posts: 219 Forumite
    Anyone guaranteeing a return on FOREX dealing is more likely a magician than an expert. The amount you mention will attract the worst rate spread and punitive fees.
    Never ever give your card details to anyone over the phone, and check the reputation of any company you do intend to give them to.
  • Kaybenson
    Kaybenson Posts: 927 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Thank you so much.
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