We all understand that Olint offers great returns and I just found the following on the iTradeFX website potentially ironic:
You need to be very careful and exercise due diligence. There are growing numbers of international firms offering various approaches to FOREX trading. Look before you leap. Do your homework and check references. Many companies prey on the greedy promising phenomenal returns that are the exception, not the rule! Find a company that doesn't promise the moon. If it sounds too good to be true, it usually is. Reputable firms have credentials.
The bold sentence could be read in different ways.
Certainly, if you do not believe that Olint or other Forex companies are "promising phenomenal returns" or "promise the moon" since there are other companies offering even higher rates of return, then you read this quite differently from the person who does in fact believe that "it sounds too good to be true".
The statement on that website is nothing different from what I or others have said about investing money with anyone. I leave it to you to read the statement how you want as there is no doubt that Forex can generate significant returns but not everybody can be a winner (in fact, the MTI site says that "Most Professional Traders are part of the 10% earning money. The 10% earning money actually receive the 90% money that is lost . If the 90% are paying the 10%, you can easily figure out that the 10% are being paid quite handsomely.")
8 comments:
i-Trade FX and MTI are two seperate companies, even though some family members are in common. They're not run (in terms of decision making) by the same people. The only commonality is that some of the principals are the same people, but those principals from MTI are not making decisions for i-Trade FX.
The post never once indicated that they were the same companies.
Also there is more than one commonality - the principals and the fact that i-Trade FX is promoted by MTI.
Lastly, decision-making was not implied in any way in the post, only that there is a clear connection that shows who benefits financially.
You are incorrect. The original post did indeed imply they were the same companies in this sentence: "This platform is operated by the company that trained David Smith and has set up an office in Jamaica to offer training courses, MTI"
MTI trained Mr. Smith, not iTrade FX, and iTrade FX was not the one who set up the office in Jamaica. The post is factually incorrect.
Moreover, MTI can refer to any broker - even if they have preferred ones.
We all know that I-Trade FX is laundering drug money for David Smith. But who really cares? MTI and I-Trade are run by the same person, The FX Thief. It’s amusing that none of the Forex dealers in London or NYC have ever heard of Jared Martinez. The FBI and the IRS know more about his laundry shop than anyone and are about to bust down his door any day now.
OLINT IS GREAT!!!!!!!!!! I HAVE NO DOUBTS!
It is because society has created such sterotypes about making money that Olint has to suffer. David Smith has not done anything wrong that we can pinpoint. The only problem with Olint is that people have been able to make thousands if not millions of dollars over five or so years and this has enraged the greedy blood sucking hounds that go crazy when anybody is able to make money other than them. Shame on all of you who are trying to create problems and mucky the waters about Olint. In five years No one has lost their money, doen't that stand for something? People are well aware that there is a substantial risk but any smart businessman /woman realizes that with any investment there is risk and David Smith has not hid that from anyone. If the public is aware of the risk and they still choose to invest their money because of the high returns that Olint has being able to give back to their customers for the past 5 years who are you money hungry blood suckers to try and prevent it.
If you took the time to read many of my other blog post, you would have noticed that I actually would gladly put my money in Olint, but I am not blinded by great interest rates.
Olint is not regulated or registered in Jamaica, something it could not get away with in the USA and other more progressive investor markets.
Those who fail to mention that fact show their bias. No one lost money in Cash Plus for 5 years either.....
And ANY sensible investor knows the following phrase:
"Past performance is not an indicator of future returns"
There are no "money hungry bloodsuckers" out there to get anyone, it is simply a call for PROPER registration and regulation according to the lwas of our land.
Every financial venture in Jamaica or anywhere in the developed World has to be registered and have some basic oversight, Olint is not exempted just because of who runs it or the great returns.
Naivette is rampant amongst Jamaican investors, that i the problem.
I trust Olint more than I trust Mayberry (who lost a substantial part of the money that I placed with them in a managed fund)and more than I would trust NCB or any in the Mutual Fund industry ..... ever hear of the Fund of Funds, Investors Overseas Services, Robert Vesco, Bernie Cornfeld et al? All those folks take their pound of flesh every year whether you the investor make anything or not. Olint is different .... and for that they are being victimised. As the learned Justice at the Appeal Court said this week .... (paraphrased) ..... if Olint can prevail in its suit against NCB which alleges collusion and conspiracy amongst the Banks and "Fit and Proper" cadre then monetary damages alone will not be sufficient ..... ie some of the "Fit and Proper" will need to languish at Her Majesty's pleasure in the Spanish Town prison.
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