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Readers, do pardon his English, and if it seem a little broken, as long as you get the gist, I think its good enough, do drop him comments and questions if you will.
First of all, you might want to introduce yourself, what are you doing and your experiences in this field?
Hello all, my name is José Gomes Jr., getting married soon , 23 years old, Brazilian. I am a student finishing Computer Science/Computer engineering and I am dealing with Forex as well. I just launched my own program after see that many people around are getting scammed by unscrupulous online pirates over the HYIP land. I just want to offer a good choice to all people that are looking for reliable programs.
I understand that you are currently a HYIP (forex based), MegaInvForum. Maybe you can tell us how is it different from any other forex programs available (like NSFG, FXE) and how unique is MegaInvForum?
The only fact that MIF (MegaInvForum) is runned by a different Admin and traded by a different trader make it different from every program over the world.
Is there any direct competitor at this point or are you taking Mega Investments to benchmark with any similar programs?
In my opinion there is no competition here. Even because is there a few reliable programs around. I only looked for the best way of work for a investment club. I also believe that working is this way we are most safe for DDOS attacks and hackers that we can see in this arena.
Which Forex Brokerage are you currently using at this point? Are there any plans to switch your brokerage firm?
We are using NorthFinance as our broker. I wish we never had to change that. I like NorthFinance trading style and I also trust them.
I understand you’re using a Forex trader as well, tell us more about him and his track experiences.
I work together with another trader. We use the same stategy. Actually, I am looking for day-trades and he is looking for swing-trades. Indicators use to execute and close trades includes MACD, Rsi, Slow Stochastic, Bollinger Bands, CCI, LR, P SAR, Fibonacci, SMA and EMA.
Running a forum for such a program is unique, so how do users actually get to check their balances and how do they withdraw from their accounts?
Yes, this is unique and the most secure way to run a program. All members data are in our offline software. Members will be keep posted about their balances etc by e-mail always that a new performance be posted in our forum (monthly).
How much leverage are you using at this point? Let’s say a person actually deposited $10,000 with you, could you give an example of how your leverage is going to work?
Leverage used depends of the trade. If we have $10,000 being traded, we will use about 0.2 lots per trade. No more than 5 or 6 trades per time.
So it’s E-gold and nothing else?
Yes. E-Gold is the only e-currency I use and trust. Also this is the only trusted e-currency that my broker uses.
Who is your actual target market to gather funds?
It is open to everyone that can afford more than $100
When is the cut-off date for each month for members to join MegaInvForum so that their money is placed in trading?
The last day to deposit to receive profits on the following month is the 25th day of each month.
Is there a waiting time for members when they want to withdraw their ROI or principle?
Yes. People will have to wait about 5 days (If there is no enogth funds in our E-Gold account).
How much fees are involved when members does any withdrawal of returns or principle?
Withdrawals can be made after 30 days of the initial deposit. A 20% admin fee will be assessed to all withdrawals. This fee will be reduced to 10% after 90 days.
Is there a reserve fund for MegaInvForum? And how much percentage of our earnings goes to the reserve funds in this case?
Yes. Principal fees are not my profit, it will be part of our reserve funds (that also will be traded). We plan to trade more money than we have invested in our program, thus increasing the possibility of gaining more profits. Also 10% of the monthly returns will be put into a reserve fund.
How well can we trust you since our funds are in traded in your name? Is there any kind of agreement that member has to protect themselves when their funds are transferred to MegaInv for trading?
For now, funds are in an account under my name. I plan to incorporate an off-shore business company as soon as possible. There are no agreements yet. We are preparing that. It will be posted in our Forum soon.
I understand that you have sent me DD documents for me to actually access and do my studies for your program, should anything fail, could I disclose your identity to affected members?
Yes. Forex is a dangerous market, however I will post montly trading statements at megainvforum.net. People will always know about the situation. If I SCAM people, yes, you can show all my DD documents. I just want to stress that I won’t SCAM nobody.
What risks are involved that you see when an investor actually deposits their money with you?
Yes, there are risks involved, as in all Forex based program. The difference here is that you will see our performance. You will be able to withdraw your investment if you’re alarmed etc. This is why my main goal is to have a enough reserve balance as a backup so we could concentrate on our trades.
What are the rewards when it comes to dealing with Mega Investments? How do you actually benefit from running this program in monetary terms? Explain in details.
Well, for now, I am not looking for returns to me. I will donate my own profits to the reserves until it reaches a good safety level. After that we will see my profits grow together alongside with the investors.
How confident are you with running MegaInv? I understand you and your girlfriend are running the admin show, is there any plans get more help when more active members come pouring in?
I am very confident. I know I can promote stable returns. With regards to help, I have Marcos, my girlfriend, and a professional trader working with me and it should suffice for the moment.
Is there any affiliation with you and Marcos Matos from FX-Experts?
Marcos is my friend. We live in the same city, Juiz de Fora – MG. I have a store close of his home and I know him since 2003.
Would you be our guest blogger on our blog to update users on the trading results?
Sure, you just have to teach me how to do that
How do you find our community here at No Bullshit HYIP Blog?
It’s nice to see people in a community, looking for interesting programs, sharing experiences and new opportunities. I like this idea very much
My personal opinion and due diligence of MegaInvForum will be coming up real soon in a few days time after accessing the documents sent by José. Stay tuned.
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11 Responses to “Interview with José Gomes, MegaInvForum”
- 1 Pingback on Jul 28th, 2006 at 12:42 pm
- 2 Pingback on Jul 28th, 2006 at 12:54 pm
- 3 Pingback on Jul 29th, 2006 at 12:26 pm
- 4 Pingback on Aug 1st, 2006 at 10:01 am
well, I just know that brazilian not only have good talent at soccer
Great interview jude, this is the most interesting program I have seen for a while
Excellent interview. these type of programs and the onlt valid one to be invovlved with. Joe
I’m agree with ie2, Brazilians are not only good in soccer. José seems to be honest and this is a good thing. Not many ppl are ready to disclose their real identity in case there’s something wrong. When you asked him about the past experiences of his trader he didn’t tell us how long his trader works as a FOREX trader. I think this is important as we are more confident when we deal with an experienced trader. He said he has a reserve fund (every FOREX professionals do that). The problem is that he invests only in FOREX. FOREX is a risky market and even experienced brokers can lose their shirt. When one runs a business that involve investors, it’s always better to have mutiple income streams. Anyway I like the idea and am waiting impatiently for the DD.
I don’t get this bit:
How much fees are involved when members does any withdrawal of returns or principle?
Withdrawals can be made after 30 days of the initial deposit. A 20% admin fee will be assessed to all withdrawals. This fee will be reduced to 10% after 90 days.
20% admin fee to withdray money?! This needs clarification.
birdt,
the Admin takes 20% from your requested withdrawal.
For profits you´d like to withdraw, the 20% is kind of what the Admin earns from your profits.
I know from Managed Accounts that Traders take from 20 up to 30 percent commission from the net-profits they produce. That is their income from trading the Managed Account.
The Admin of MegaInv chose to do it this way.
He could have chosen to calculate the net profit, then subtract whatever he likes to keep for his personal income from it, then publish the net-profit for the members.
In that case he would not take a fee for withdrawals.
This is the way I understand it.
Taking 20% fee when asking for a refund of your principal must be a signal to members to tell them they better not withdraw their principal.
He could have chosen to lock the principal for 6 months, but he chose to motivate the members to keep the principal in the program this way.
Hope this helps.
Just checked the Forum.
Here is the clarification:
1. Returns
Returns will be posted on the last day of every month. A report will be generated and and posted in this forums. The administration fee will be 20% of profits each month. Another 10% of the monthly return will be put into a reserve fund (this reserve will be traded). No administrative fees will be deducted if there are no returns for the month.
2. Withdrawal of profits: NO FEE
The withdrawal request must be made within the first 3 days of the month for payment the 4th to the 7th of the month. You can withdraw the profit of the previous month without a fee.
3. Withdrawal of principal: 10% or 20% fee
To withdraw the principal the member have to send an e-mail to contact@megainvforum.net with his User ID and password. Withdrawals can be made after 30 days of the initial deposit. A 20% admin fee will be assessed to all withdrawals. This fee will be reduced to 10% after 90 days. The reserve fee will always be 10%. A balance of $100 must be maintained in the account at all times. However, a member can withdraw the entire balance at any time if he or she wishes. Remember that there is a fee of 10% to 20% when all or part of the principal is withdrawn.