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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