SCAM ALERT! Beware of this company ‘Ultimate Forex Philippines’ that’s offering another GUARANTEED Return of your investment similar to JJPTR, a Malaysian company where the SEC (Securities of Exchange Commissions) released an advisory earlier this week advising the public to STOP INVESTING on this kind of investment activity.

Ultimate Forex Philippines is offering from 1.49% daily if you’ll invest $10, 10% weekly for $100 investment and 25% bi weekly for $1,000 investment and so on. (see table below)

Upon checking their facebook page:  www.facebook.com/ultimateforexphilippines
and reading some comments they DID assured and guaranteed their investors on the return of their investments.

We did WARNED all of you on the JJPTR company before but No One Listened until the SEC released it’s official advisory.

Click here to read the official statement from the Securities and Exchange Commissions:

HUWAG NA PO TAYO MAGPA LOKO. Tama na! Be financially educated para hindi na tayo ma scam pa. Below is the official statement of our CEO to the ‘forex’ companies that are offering GUARANTEED returns:

“ It is very IMPOSSIBLE for any trader or forex broker to guarantee profits to its investor at any time. Forex market is the largest financial market in the world with a daily turn over of almost $4 trillion dollar & we don’t know what would happen next. You can maybe forecast the currencies or the commodity movement for sometimes, but NEVER consistently on the long run.

Forex trading is very risky & that’s the main reason why we have our Free forex trading seminar available to any individual who wants to learn how this business works. 1 on 1 training with all of our client is also provided to make sure that they fully understand what they are getting involved with.

Remember that you should always be aware of all the risks associated with foreign exchange trading and only invest the money that you can afford to lose.“

Last week we posted another article from  the Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC) are warning the public against the various kinds of schemes proliferating in today’s financial markets, which include those schemes involving “foreign currency trading” transactions.

The following precautions should be considered before placing your funds with any foreign currency trading company. Click here to read the full article.

What’s your thought?