The Introducing Broker, and the Actual Returns
I have just applied for another monthly withdrawal of my 11% of USD1000. Since we need USD300 to put aside (considered part of the capital, which we can withdraw were we to close the account) to open the account, and this USD300 is not considered in the 11%, our actual monthly returns is 8.46%.
If there is one thing I do not like about the HYIP, is how they do not "tell it like it is". Instead of proclaiming returns of 12% monthly, and then mentioning that it is based on the USD1000 trading capital, and that there is a monthly maintenance fee of 1%, why not just tell us it is 8.46% per month? The returns are still very fantastic, especially when you understand that most stocks give only about 8% per year on average.
The poor customer service of the FOREX company also meant that Introducing Brokers are necessary. They are essential remitting agents dealing with the FOREX company, and each country has its representative IB. The one I deal with in Singapore gives me rates of 1.4 SGD/USD for withdrawals and 1.6 SGD/USD for deposits. The service is good and relatively fast, and I prefer to deal with them than to deal with telegraphic transfers and the company's finance department.
If I were to bear in mind the FOREX losses, as well, it is easy to calculate the actual returns.
At 1.6 to deposit, it means I actually invest SGD2080. At 1.4 to withdraw, it mean, so I actually withdraw SGD154 each time. Based on the actual numbers, we actually get returns of 7.4% each month, which is still very fantastic!
If there is one thing I do not like about the HYIP, is how they do not "tell it like it is". Instead of proclaiming returns of 12% monthly, and then mentioning that it is based on the USD1000 trading capital, and that there is a monthly maintenance fee of 1%, why not just tell us it is 8.46% per month? The returns are still very fantastic, especially when you understand that most stocks give only about 8% per year on average.
The poor customer service of the FOREX company also meant that Introducing Brokers are necessary. They are essential remitting agents dealing with the FOREX company, and each country has its representative IB. The one I deal with in Singapore gives me rates of 1.4 SGD/USD for withdrawals and 1.6 SGD/USD for deposits. The service is good and relatively fast, and I prefer to deal with them than to deal with telegraphic transfers and the company's finance department.
If I were to bear in mind the FOREX losses, as well, it is easy to calculate the actual returns.
At 1.6 to deposit, it means I actually invest SGD2080. At 1.4 to withdraw, it mean, so I actually withdraw SGD154 each time. Based on the actual numbers, we actually get returns of 7.4% each month, which is still very fantastic!
[…] with my own downline and the spillover effect of a binary matrix, I am getting more than the 12% (actually 7.4% if you do the math) promised […]
ReplyDelete