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December 2005Page 1 Of 14   Next


Northsea Forex Group (NSFG) - Information

Posted On 2005-12-29 , 11:13 PM

Northsea Forex Group (NSFG)

NSFG (Northsea Forex Group) is a Private Forex Program created by Paul Twyman and Kenneth Peippo in early September 2005. If you are a visitor of various online investment forums you will know these people from their user ID’s of “grubling" and "ecoaid". NSFG is a strictly private group and does not operate any website or online presence.

It is worth mentioning at this point that the reason that NSFG was created was that its administrators were both fed up of all the scams that are running, posing as real trading programs when in fact they are not. NSFG, on the other hand, claims to be doing real Forex trading through a major Swiss broker, with all returns being genuine and proven.

All active investors will have access to full DD disclosure including photo documentation, verifiable personal contact information and account information from our broker. The admins wish to make sure their members feel 100% comfortable with their funds being managed by NSFG and assure that any questions asked in this respect will be answered.

The program’s owners have approached the creating of NSFG as though they were the investors themselves and what they would want from it:

  • Proof of Funds being traded and returns generated.
  • Proof of who is running the pool with full disclosure with traceable information provided.
  • Access to the program operators by all investors and not just those that invest high amounts.

Profit Targets & Risk Minimizing Factors:

Based on past performance NSFG expects to be able to offer its investors a net return of around 10-20% each month. While trading Forex is considered high risk, Kenneth has applied a very strict risk minimizing strategy that ensures that large losses are never realized. This is done by always using stop/loss on all positions and never using more than 3-5% (risk per trade) of the total equity in each position.

Deposit & Withdrawals:

Deposits are accepted through E-gold only - account # 2395176 (Northsea Forex Group). Minimum investment is $100 and the Maximum is $10,000 each month. Deposits run on a monthly basis and the deadline for making a deposit is the 25th. If you make your deposit prior to the 25th your deposit will be active from the 1st of the following month. If you deposit later than the 25th your deposit will put on hold and credited one month later.

The reason for this is that NSFG out-exchanges the e-gold in one single batch to the trading account to save exchange and wire transfer fees.

Withdrawals are also processed through e-gold only. The minimum withdrawal amount is $50 and the deadline for sending in your withdrawal request is the 15th. NSFG needs this time in the new month to calculate last month’s earnings and you will receive your funds as soon as they have been exchanged into e-gold. It usually takes 4-6 bank days to complete.

NSFG does NOT charge fees for any deposits or withdrawals from your account.

The only charge that NSFG makes is on the returns that are produced. At the end of each month the Total Interest % rise is determined. From this 25% is deducted as a management fee. So if at the end of one month the interest rate were 10%, the portfolio return rate would be 7.5% on everyone’s account balance. I am sure you agree that it is better for the company to only take a % when they are actually making money each month than charge a monthly admin fee or to charge account holders for each and every deposit and withdrawal.

Investment terms:

Your investment with NSFG is bound for 1 month at a time. Returns are automatically compounded if you leave them without withdrawing anything. Before the 15th of the month you will receive a statement by email, which will include your end monthly balance along with documentation of the performed trades in the form of screenshots and account statements.

NSFG may change these general investment terms if we see the need to so. If you have always wanted to be part of a Managed Forex Account, but never had the capital to join or want to belong to a program that is 100% genuine with returns that are proven with full knowledge of who is running it, then to apply to join NSFG please send an email with “Application Form” in the subject to:

applications@ns-fg.com

An application form will be sent to you, along with the relevant instructions and further details on how to obtain Due Diligence Information.

Source : Bravehoststamps (bravehoststamps@yahoo.com), HI Newsletter


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