We just opened a new investment program in an effort to raise more funds for trading. For any serious investor you can contact us for a weekly trade report and details about the investment program.

Points to note:
Average yield 10% monthly
Minimum $250k
Your funds go to your own account at a regulated clearing house Trading takes place under a limited power of attorney Ability to monitor account activities as you wish

Before trading starts we will demonstrate our capability to generate the claimed returns to the satisfaction of the investor

Oh yes i do this also... with almost same average return....but i still don't understand why 250K would be the minimum .... the platform i use even open accounts for as low as 5K usd... i prefer on my side to take only minimum 20K usd accounts (more is of course prefered ) for not having too big leverage on the account when entering a position , but really 250K not necessary, even platforms like the one i use with 100K lots as minimum would let you trade with a leverage 1 for 100K accounts...... so 250K i really don't understand....more over if you know that some bank allow his traders ( i know some few ) to trade with a leverage 10, and that would mean that even with 20 K accounts you could enter 2 lots positions (knowing that with 20K you can open a 100K position , leveraged 5 so) ..or 3 lots with 30K accounts....enough to ensure a good trading....).
So finally i would say that for someone like me used to trade with 2 lots ( whatever the size of the lot ) a 20K account is ok, even if it is a strict minimum and that a 30 K to 50K account mu ch more preferred.

And this is for a plaform using 100K lots as a minimum for trading, now knowing that some platforms like oanda have no minimum on the trade size ( you can trade even 10 usd) , it now becomes of absolutely no point to ask for a 250K minimum account.
Or this would mean that you ABSOLUTELY want to trade on a 0.2 leverage or so.... and if you trade on 0.2 leverage i assume you really can't make a 10% per month....
Almost all funds are allowing trading from 1 to 10 leverage.
I really prefer the client to open any minimum account and be satisfied about it and then raise amount under management than asking for big size account at first shot...

Olivier

Olivier,

you should excuse me but im not here to argue reasons why the minimum is so, if you can offer better then good for you. As you can see their is transparency in what is being offered the investor will determine if its what he wants to get in or not, we will lay all cards on the table for a qualified investor. Investors who feel they are qualified for this can contact me and we can go through the details of this program.

i have sent fellaz an e-mail to let me test the program if it returns what he claims i will be reporting back to this board so others can know if its BS or real.

I don't doubt about the return, i do have myself some returns of this kind...if the trader is good this is no problem.
But on my side as i told fellaz i take clients with as low as 20K usd, but in fact i think he asks for 250K for some multi currency pairs combination for trading, so it could be understandable.
I agree with him on the fact that the client doesn't have to give his money to the trader, client open acount and the trader only have LPOA ( limited power of attorney ) on the account that allows him to open/close position ( all withdrawals, money control and wires are under client's control ).

This is the only secure way to go, this way the client can check the way all things are going.

Olivier

as promised here is my review about the program offered by fellaz so far.
Starting date: 22-august-2007
returns so far : +12%
Invested amount : 500k
risk per trade 3%
leverage used 5-10:1

its seems to me that this guy really knowns what he's doing, but its been 1 week so lets see how this turns out. will keep you all updated.

Jimmy

Funding your HYIP / PPP through the MCM Group

I recently joined the McM Group of Companies. With its activities in FOREIGN EXCHANGE transactions, Investments in the HEALTHCARE SECTOR, and in a chain of RADIOSTATIONS they always maintain large cash holdings. The group now focuses to fund professional investors and their bank secured investments.

Acting for the McM Group as a freelance consultant I pre-screen and intoduce qualified clients to their investor funding program.

The McM Group invests its own funds in qualified investors for the investor’s own and direct investment participation, invests funds on behalf of a qualified investor, and provides consultancy services in respect to investment, financing, joint venture and any bank guaranteed situation.

The MCM Group generally is NOT communicating through emails. So if you would like me to intorduce you to the MCM Group, please fax me your complete mailing address, and contact details to 0044.207.657.4442 . I will then arrange that the company brochure and specific details on the company’s HYIP / PPP funding concepts are being sent to you by post.

J.P.Sweeny
an independent financial advisor for
The McM Group of Companies
Mail: group_0044_207_657_4442@yahoo.co.uk
Phone: 0044.207.657.4442

So far 20% return on investment,
things are looking more than good.
also i have noticed that this guy only trades one currency pair

keep you all updated

Jimmy

you can test me whenever you want also ....and for much less invest , i would be pleased about , for sure , more over if you do same reports there ...

hey guys. i was talking to the trader coz the last few days i noticed that no trading had happened on the account, he advised me that once he has made 20% return on the account , trading goes into passive mode that means he sets a limit on the returns per week this reduces the possibility of losses but does not affect the weekly gains. So at 20% gains this becomes almost a risk free investment.

Keep you all updated

Is this the same North Finance Fellaz

North Finance Reviews:
Submit your review about North Finance


Rating: Submitted by: Ilia (23.05.2007 19:16)
Awesome support


Rating: SCAM Submitted by: Smth (25.05.2007 08:06)
forget these guys they are a set of online robbers, the worst scammers. MY WARNING IF YOU WANT TO LOOSE YOUR MONEY, I BET YOU THE BEST BROKER IS THIS NORTHFINANCE they are from cypros and are not regulated. they ateup all my money by frezzing and refusing trade exit when you are loosing.
THEY ARE A BUNCH OF DECEITFUL FOREX BROKERS.


Rating: Submitted by: jackie (17.06.2007 18:04)
I have been trading with them since 1 year ago. So far so good. The best thing about them is that their trade station (meta trader 4) allows hedging. Compared to FXCM (the BIGGEST money scam company), Northfinance is definately much better.


Rating: SCAM Submitted by: dado (20.06.2007 08:24)
This is a biggest scam in forex world, RUN AWAY WITH YOUR MONEY, DO NOT TRADE LIVE WITH THESE SECRET CRIMINALS.THEY ARE NOT TRADING FOREX THEY JUST TRADE YOUR MONEY AND PLACE YOU ON SIMULATED TRADE.


Rating: SCAM Submitted by: Mike (27.07.2007 07:48)
I checked these guys out because a friend recommended them. I was not impressed by their lack of support and on top of that their financials are definitely scary. I would not let these guys have a penny of your money! Afterall, they are based out of Cyprus and Belize - precisely what I would expect from a scam. I told my friend the info I had found online and he too closed his account...not worth it.


Have tried the Jimmy email and it rebounds, wonder what one could make out of that, could Jimmy be part of the scheme or is he genuine. Lets clear the air Jimmy

Jimmy do have a Webmail at www.meandbiz.com
what will redirct directly to www.gcmfund.com
what in fact offer FOREX. You can find out this by yourself.
I can not confirm if they are scammer as i did not or do not have business relation with them

But in fact our friend "Jimmy" is also working in the same field. I wonder why he is in need to contract North Finance.

DDrep
Thomas

I sent fellaz your concerns and bellow was what i got from him.
so to straight things up.
The trader is not using north finance as the clearing house,
the north finance ( Metatrader4 platform) is just used to track the trades made on the multi-bank platform he uses ( CURRENEX), so he has a API that links the metatrader4 platform somehow to currenex platform since he is using charts in the metatrader platform. trades executed in metatrader4 are sent to Currenex platform. also investor funds are held by a top clearing house in Chicago.

contact the guy and find out your self.

PS. My only involvement is to report to you guys about the reality of this program thats all.
you can also reach me at jimmymeandbiz@yahoo.com if the other e-mail is full . coz i have been receiving alot of e-mail so its full at times

Jimmy and Fellaz are in fact working as one team.

Please see following post from Gcmfund.

http://www.network54.com/Forum/27708/thread/1181992868/last-1182284947/Investing

I am only "suprised" that Jimmy use a e-mail address what will be linked directly to www.gcmfund.com

DDrep
Thomas

Drep

Please refer to my reply bellow.
Trading is not done under North finance ( north finance is used for charting purposes only)
by the way anyone interested in this opportunity should do his own DD or contact fellaz directly.
from what i have seen and heard from him i have no doubt that he has what it takes to make what he claimed to make, but hey thats me contact him and find out yourself im only reporting what i see.

also i have advised him to take his program private and for this im assisting him raise trading funds.

Jimmy

My post purpose upthere , Why i was asking for jimmy to try me also as a trader , especially if he was doing reports here was in the purpose to warn people .... none of my investors have never been posting anything about me so far, and i found it quite curious, especially for an investor with 500K..... and moreover i found that for a forex investor, and not trader, he was very well informed about the leverage used and max risk...as it kinds of becoming technical there and most of my investors wouldn't be able to post such reports..... i suspected conmen from start.... but i still can be wrong about it....

Drep

my involvement is strictly to assist the guy raise trading funds. is there anything wrong with that?
i have seen his trading and i believe he can do what he says he can. i even don't know why i should explain my intentions to you

fansper.

this post was all about finding the truth about fellaz acclaimed 10% return not about finding the best trader in the world so i found your post to be somehow of spam thus my reason for not contacting you for a review. anyone that thinks of this as a scam feel free to contact fellaz find out your self the truth other than following blindly this post. ohh before i forget i doubt it will be long till this opportunity goes private so you might be able to see the reports of his trading but no guarantee that he will trade for you coz from what he told me his goal is to manage his own funds he makes from the profit share he gets from trading other people's accounts now.

Jimmy

where did i respond something like " jimmy has not contacted me , why ? sob sob sob " ??? , this wasn't at all the purpose of my previous post, i was just saying that none of my investor would have posted such kind of reports...but perhaps they are not well educated enough.... i wasn't complaining of the fact yo uhave not contacted me at all.... moreover my post was little funny/unprofessional enough ( with smiley in) for i would even think you would contact me..that is for sure.... and clearly i'am not the best trader in the world....that is for sure also

so kind.... why funds are managing other's money and not only their own ? just tell me ...i do know the answer and i think you know it too....

fanesper

have you thought of educating your investors about the biz so in return they can do for you what im trying to do for fellaz? if you educate them about the inside and out side of the biz and you can also make constant gains trust me many investors will be more than glad to assist you raise trading funds.

for your other question i believe the reason funds trade for others is so they make money. but i see no reason why someone can't manage his own funds. i for one i think its even better. you make the profits for yourself and you don't have to answer to anyone.

First : my investor really don't care about my gains but about their.... and i pretty understand this.

Second : most of funds/traders are gaining retrocomissions from trading platforms, these retrocommissions are a big part of the gains made by funds/traders, this is what i explained one time there.
In fact it can turn out to be more than 70% of the gains and even much more depending on settings/arrangements between platforms and traders/funds, it can in fact turn out to be 3 to 5 times what the investor really earns, even with a ( without him knowing it) , and whatever the the results of the trades are, most often this retrocoms can't be given when trading your own account ( in switzerland for example) , that's why it is much much more lucrative to trade other's accounts. I know a trader working for a registered fund where the spread is 10 on basic currency pairs instead of something like 2 to 3 pips spread, they do a little +1 to +2 % to the investor while they are gaining ( "stealing"? ) the investor by doing 5 to 10 times this return for themeselves, and this is legal.... and the retrocomissions are being paid even if the account is on loss.... that's also why some funds/traders can guarantee
a minimum return per month ( taking it from their retrocoms ) ... here you have the whole thing

Also i apologize if you are not con men , i will never be able to verify anyway

sure you can verify.
get in touch with fellaz don't be like many on this board whose job is to put out false claims about others. as i always say find out the truth yourself. I always thought a forum like this would be a place where people with real insights on what is going on with the many investments that pop up every minute come for networking but from what i have seen it seems no one really has the balls to really verify the claims, what fascinates me is the speed at which everyone jumps out with attacks. c'mon guys if you lack the facts and proof about a claim then its really best you keep your opinions to yourself there is no sense of you blaming your misfortune to others. either get a life or seek medical help you will be better off that way.

i really don't see why i would get in touch with fellaz for any reason as i'am trader myself , i have never been there jumping on nobody , i'am just talking about the ONLY thing i know, means forex trading, i really don't talk about nothing else there.... moreover i have life.... full one, as i'am quite hard worker... and coming to flamings is not a good way to make think i was wrong... especially after i made full answers about way things are ( and after apologies in case i'am wrong ) .... Anyway i will end up this discussion there as it remembered me about my young years on tradeing forums when i was spending lot of time talking with internet people... and losing much valuable time by the way ..lol ... so it was funny to reacll but i will save some time as i don't have so much by now ...bye

I see it as follows

North Finance is involved in some way. If they are not the main traders, where are the traders located ?? I personally of North Finance in Cyprus and will certainly advise anyone I know to stay well clear of any involvement by this company.

is this a currency exchange program, if so the returns are way below you can get with a Bank such Barclays or Julias Bear in Zurich and even the bad guys UBS.

Why would someone give a limited power of attorney over their own personal account??

This is the most dangerous part of this transaction. Irrespective of how restricted the power of attorney is, in this case related to commiting the funds to some ''unknown'' trader would mean that the POA could prevent you from moving your own funds. He can cause all sort of problems on your account.

Lets come to Jimmy. Has a short memory.

If he only read his own posts,

quote
Re: Investors wanted . Managed fund minimum 10% monthly
No score for this post August 19 2007, 4:20 AM


i have sent fellaz an e-mail to let me test the program if it returns what he claims i will be reporting back to this board so others can know if its BS or real.

unquote

2nd posting

quote
So far so good
No score for this post August 29 2007, 3:53 PM


as promised here is my review about the program offered by fellaz so far.
Starting date: 22-august-2007
returns so far : +12%
Invested amount : 500k
risk per trade 3%
leverage used 5-10:1

its seems to me that this guy really knowns what he's doing, but its been 1 week so lets see how this turns out. will keep you all updated.

Jimmy

unquote


3rd posting

quote

20% so far
No score for this post September 4 2007, 10:24 AM


So far 20% return on investment,
things are looking more than good.
also i have noticed that this guy only trades one currency pair

keep you all updated

Jimmy

unquote

4th post

quote

at 20% its risk free
Score 5.0 (1 person) September 6 2007, 10:39 AM


hey guys. i was talking to the trader coz the last few days i noticed that no trading had happened on the account, he advised me that once he has made 20% return on the account , trading goes into passive mode that means he sets a limit on the returns per week this reduces the possibility of losses but does not affect the weekly gains. So at 20% gains this becomes almost a risk free investment.

Keep you all updated


unquote


Leaves a lot of unanswered questions Jimmy and as to whether or not you are assisting a possible scam.

1. Did you invest your own funds, it not from whom are you receiving the information.

3. Have you proof of the 20 percent payment.

4. Why would a successful trader want to limit returns, other than he is still trading and keeping all the profit himself. That would lead one to believe that he is not a genuine individual; Any self respecting trader would be only too glad to make the payments as a bonus to keep his client happy and to hope that the client would recommend more business.

5. your statement that ''I was talking to the trader'' does not make sense in the general scheme of things. Why would the introducer want a power of attorney (even limited) and then allow you to talk to the trader, One of the big excuses for such a POA is to protect the Trader and stop the intermediary from being omitted from the deal. Once you have the trader the intermediary is no longer required in the transaction (So they say in the secret world in which you live)

6. Finally Jimmy you concede the point that you are working with Fellaz. First you were going to test the program now you are assisting in the raising of funds. LOST FOR WORDS.

bluebadboyu

if you don't know how a forex managed account program works then refer to my last post where you keep your little opinions to your self or seek medical help, coz for sure you are a mad boy who thinks he knows what is going on. your ignorance is all over your post.
don't you think i would see it from my the account that the trader is continuing to trade after he said trading had stopped??. and for my trying to help the guy raise more funds , whats wrong with that?.

Jimmy,

I asked a specific question, is this a currency exchange programm??? if so there are better returns available direct from banks like Barclays, Julius Baer and the supposed bad boys of the banking world UBS. None of these banks wants signature control over a clients account.

The only part you got right, I am not a currency or forex expert. My knowledge stems simply to the fact that should I need euros. sterling or dollars for my currency, I simply go to my bank and buy the currency from them with no fees.

As regard to getting money for the forex there is no problem and I never said there was. The problem only arises if the operation to which you solicit funds is fraudulent then you become part of the scam.

No one has said the operation is fraudulent because my enquiries have not gone that far yet. However my enquiries have discovered the connection to North Finance, which I do have a rather large history on, and I strongly recommend that no one touches anything to do with this company. As North Finance is not the subject of this discussion then it is the wrong place for me to post details on that company.

Again I ask you the question

where is the forex trader located,. You spoke to him, I do not want his name just the country from which he operates. If you cannot provide that info then I would have to re consider the position which you take.

Jimmy, this is your response earlier on the subject


''this post was all about finding the truth about fellaz acclaimed 10% return not about finding the best trader in the world so i found your post to be somehow of spam thus my reason for not contacting you for a review. anyone that thinks of this as a scam feel free to contact fellaz find out your self the truth other than following blindly this post. ohh before i forget i doubt it will be long till this opportunity goes private so you might be able to see the reports of his trading but no guarantee that he will trade for you coz from what he told me his goal is to manage his own funds he makes from the profit share he gets from trading other people's accounts now.

Jimmy''

Now you state that you are finding funds for the program. Have you been given proof that the program is real that encourages you to put funds into this program.

I do notice the usual scammers line here once questioned. Oh this is your last opportunity before it closes or goes private, great cop out this line. As to why a trader would refuse funds to make a profit and risk his own that is beyond me. Surely as a trader if he is making 50 percent of the profit for himself that is plenty. he can also invest his own funds on a personal program. So according to you we now have a trader who is closing down to people who made him his money because he has become greedy and cut out the people who helped him. Where have I seen that before, used many a time as a get out in the HYIP scene.

As for you personal insults I am used to. Have heard them all before and they do not make your point. They still won't stop me investigating the program. If it is a scam I will eventually expose it, whether it is a private program or not.

bluebadboyu

you asked if i have been paid from this program to be able to asses its reality and the acclaimed returns, again that just shows your ignorance about this mater. this is a managed account. at any time i can log into my own account at the clearing firm and check my account balance and so far that account stands at +20%. and about closing of the program he will be closing it from new investors in order to concentrate on trading for him self and the few investors i have sent him who are monitoring his progress before their final decision. i don't know exactly when and if he will g through with such a move coz once i believe many people would use his talent. So again i don't think hes being greedy and turning his back against the hand that feed him, he will still trade for these few investors that gave him the helping hand to prove his worth. i think its great that you are investigating this program ,and due to everything going on in other markets i believe this program can be a Saviour for many investors. so please do report back your findings

by the way this program has nothing to do with HYIP , PPP , private placements etc etc.
this is a forex managed account program. so far only fanesper seems to be the only one to understands this. Google forex managed account and you will find out the nature of such a program. again lets stop the jumping into conclusions about what this is and find out the reality of this.

the trader is based in Sweden.

if so why does he need a signature power of attorney on the account of the client with money.

bluebadboyu

you continue to impress me with your ignorance , call up any of the many forex brokers and ask them to explain to you what a limited power of attorney issued by a client to his trader/ fund manager really means. the LPOA ONLY gives the trader powers to trade on behalf of the investor nothing more. trader can not deposit nor withdraw funds from the investor's account. call them up and find out the reality yourself.

I have spoken with the Forex Trader in Barclays London. I also copied him with your reply.

Barclays do not require a limited power of attorney. YOu sign an agreement form within the bank that allows the bank to invest and the fact that the client understands the risk involved.

what does the limited power of attorney allow the trader to do. ???? Create a credit line with my money, what????

like I said I am not the expert you are. I am simply asking the questions to learn.

bluebadboy

the agreement you sign with barclays simply gives them permission to trade for you.
so its in a way similar to a limited power of attorney for a trader in forex managed account biz.

this document gives the trader the permission to trade on your behalf , only trade nothing else.

Does anyone realise the implications a limited POA has?

Check with Compliance and risk management.

Glad someone out there understand the question. I would never recommend any power of attorney on an account to a stranger never mind a bank officer.

Guys the question really should not be about the LPOA but the trader, i think the LPOA is so the clearing house knows that you have employed someone to trade on your behalf thus you are aware of the trader's competency etc etc.So it really doesn't mater what documents you sign be it LPOA , management agreement or what ever, if the trader doesn't know what the hell he's doing you are bound to loss one way or the other. so this brings us back to the reason for this discussion . does this trader have what it takes to make consistency gains as claimed?. well i for 1 i think he might be , but its been only a few weeks so lets see how he's doing in months to come.

Will keep everyone updated.

Jimmy

another profitable week.
so far account is up 28%
start date : 22/08/2007 - $500k
End date : 14:/09/2007 - $640k

Keep you all updated.

Jimmy