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Hi Peter, this is Jude from No Bullshit HYIP Blog and we thank you for accepting this email interview on your new program Club-FX.
Questions about you and your program
First of all, maybe give a brief introduction of yourself?
Well, I’ve been around here in this arena for about two years now watching, and looking for opportunities like everyone else, most people that know me, know me from Golden Talk. My name there is PeterB.
Is there anyone else in the team that is dealing with Club-FX apart from yourself?
My wife, bankers and brokers.
Have you ever been involved in any other programs before? Maybe you could list them?
Yes, I started one called sagoldexchange because It looked like an excellent idea, It was similar to trader jack which at the time I believed had potential.
Can investors visit you or meet you if they have any queries about your program?
People can contact me through the site, The reason I won’t give out my phone number to everyone is simply that like everyone else I have the right to privacy. We all live in different time zones and I really don’t want to get calls in the middle of the night.
What made you choose to start Club-FX?
As I said on the site, I am expanding my portfolio. I can trade successfully and to reach the goals I have for myself I need to increase the capital base. If you let me use your money I will pay you for that privilege. Quite simple really.
When exactly was the program launched?
On the 21st August 2006.
Security Questions
First of all, a GoldCoder’s script? Why?
Because contrary to common opinion, it is a very good script, I have a copy which I purchased that is not encrypted, so there are no “back doors” or security concerns that I know of.
Is there any steps taken to secure members fund?
I will be starting a reserve fund which will come out of the profits.
Do you scan daily before logging into your Payment Processor’s site to protect members funds from being hijacked by Trojans?
Of course I do, I have spyware doctor set to automatically check daily and also use AVG and windows firewalls.
What measurements have you or do you take to avoid Government interference?
None, as long as I keep my nose clean they have no reason to worry me.
Support Questions
What support options do you offer your members?
There is a support link on the site and as you know we also talk in golden talk forum, which surprisingly, has been very helpful, I think I have the quietest inbox in the industry. I guess that means everyone is happy.
How can your members get in contact with you if they have any questions?
Like I said, there is a link on the site and golden talk forum
Is there any plans to close your program or go private for new investors anytime?
Not at this stage, but obviously if it gets too big then I will have to limit the number of new members until some of the existing ones take their profits and leave.
Do you provide your members with regular updates as to what is going on with Club-FX?
Yes, there is a news link on the site and again, I use golden talk.
Portfolio Questions
Do you currently run any other sites/ programs?
Yes, I have another one which is private. It has been running for 2 years.
Since Club-FX deals in Forex, are you a member of the CFTC or the NFA?
No, I am not a market maker or broker, I am a private trader, and I’ll help my friends and family if they want my help.
Will track records be shown to investors?
I have already posted some screen shots in golden talk of my trading results, if members want to see more they can ask.
Upon request, would you provide me with proof of real work? (Forex statements, Trading Records etc)
I already have.
Do you invest in any other companies, HYIP or Forex for the profits?
No.
Questions about your Program
Where do you see Club FX going and what is your goals?
I’ve seen so many people investing in the hyip world and getting burnt, I want to give them back their hope, and show them that they really can earn something with Club FX. At the same time, as I said, I want to expand my portfolio. I know there are people out there scared to lose their money, and quite rightly so, but if it’s any consolation I add your money to my own and then trade it… and I certainly don’t want to lose any, so yours is as safe as my own.
Do you feel that Club FX is different from the rest of the crowd? If so, can you tell me why?
Of course it is, because I know that a good name is better than silver and gold. And my good name is on the line here. I will not advertise Club FX like most hyips do, my reputation will do that for me, and I’m not in a hurry.
What are the risks? What could go wrong?
There are always risks, trading in forex is risky and if you don’t employ a good strategy for risk management then you can suffer huge losses. This usually happens when you trade and forget your risks and let greed take over. So the risks I guess are that you could lose a large portion of your investment. However, those types of losses can be avoided.
What are the rewards (do include numbers and projections)
The rewards are quite simple, as I have said on the site, I will give you 1% per trading day and whatever I make above that is mine. Giving you 20% per month is fair reward for the privilege of using your money. Projections are difficult, since I don’t know how many people will join or how much they will put in, and my personal ambition is irrelevant.
Do you have a Reserve Fund established for members?
Not as of today’s date, but I will be starting one from the 1st of next month when it’s time to take profits and pay everyone. A portion of the monthly profits will be set aside into the reserve fund.
Finally, do you have anything else you would like to add?
Yes, people I know it’s hard to trust a stranger. But please use real information if you join, lets keep this an honest environment, and that works 2 ways. I want this to be one place where every one feels safe and can sleep at night.
I also take precautions against hackers by removing deposits regularly to another egold account so that even if the site is hacked, your money is safe.
Also, please read the FAQ’s so that you know how things work before asking me questions, or trying to make a withdrawal before the 30 day maturation time, and go check out the thread in golden talk, if you have questions that might not be in the FAQs, you might find the answer there. If you don’t find your answer there then ask in the forum, you will help others by doing that.
Popularity: 3% [?]
Great job Jude! Whats your personal opinion about this ?
Hey mixomix, thank you for asking. Actually its still formulating and I await for Peter’s reply on some suggestions
Don’t fully understand the plan. He will pay 20%. The 1st 1% each day is for the Investors and he keeps the rest, if there is any.
What happens on days he doesn’t reach 1%?
Hey Ira, I’ll ask Peter to come along to answer your question.
Hey Ira,
Just had an email from Jude asking me to come along here ’cause there might be some questions.
Well, yes I don’t always make 1% every day, but the days that I make more are quite enough to cover those slow days. I usually trade till I have made 1.5% or more so for the slow days (Like today so far, 0.64%) i’ll make up any differences through trade during the rest of the month, In fact i’ve already made more than 6% over the last two trading days. Or i’ll take it out of my share of the profits. You don’t need to worry about this tho’ as long as you get 1% every day then we are all happy.
Hi Jude,
also joined FX with a test spent. Wish PeterB all the luck.
Seems he’s got a better risk management strategy than Marcos.
Ah, I won’t compare FX-E and Club-FX
I still have faith in FX-Experts even though they’re facing this little bump.
Hi Student,
Actually PeterB didn’t mention anything about risk management. We basically have to take his word for it that he won’t bet the farm.
Most people don’t know this, but if Peter can average 1% per trading day over a 12 to 18 month period he is performing in the top 1% of Forex traders. I’m not saying that he can’t. But I know it is no small accomplishment.
If you want to get an idea of a traders risk management, here are a few questions you can ask.
1- How much of the total account is in trade at any one time.
2- What is your largest weekly and monthly draw dawn
3- What is your average pips won per trade
4- what is your average pips lost per trade
5- What is your win/loss ratio
This should all be able to be verified with trading stats from at least 2 random months that you pick.
PeterB has been around this industry awhile and I get the sense he is a stand up guy. I wish him the best of luck with new venture
Best wishes
Paul
I’d direct him here, thanks for highlighting Paul.
Hey Paul,
1. I’ve learnt a long time ago that you keep the farm and trade the cattle…
My guideline is never open positions with more than 5% of the portfolio, and that’s the aggregate value of all open positions. the only exception to the rule is if i hedge.
2. Last month (believe it or not) my only draw down was $20.00, and the month before it was $8.00 and in June there were none.
I’m trying not to sound boastfull, please understand these are the facts told as humbly as i can… over the last 4 month with 92 positions i’ve had 87 wins.
3. The average pips per trade… it depends on the conditions at the time, sometimes 10 pips and others 110, i could work out an average for the month but it would’nt tell you anything.
4. answered in #2.
5. my average win/loss ratio is 4.03, (not sure over what peroid, I’ll have to check). I think it’s March to date.
All the above is 100% verifiable.
And thanks fort he kind words.
Regards
PeterB
Hi PeterB,
Thanks for your quick reply. This information is very valuable.
Best wishes
Paul
I’d ask for verification of the tradings pretty soon too, stay tune.
Thanks Jude,
for folks like you with your DD’s on PeterB and others…Most of us dont have a clue where to start.
As I have a bit involved, I was pleased with your faith in FGE-Marcos’ hiccup and his recovering again. I too have a good gut feeling, have had all along..
By coincidence,was just in Goldentalk for my first time and PeterB’s posts caught my eye..They struck me as solid…
VeRRRy nice to have another decent human and –apparently—an EXcellent trader to boot(in top 1% (?)…nice questions there Paul and answers,PeterB) …. encouragingly persuasive !!!
cheers…BizzB
It most probably will be promoted to my long standing list of programs, after NSFG crapped things up for me.
OK,Jude….I will be waiting for your final “take”..
Thanks again…BizzB…
Hi Jude what the status on the verification of Trading.
No verification has been done, since when did I say I’m allowed to audit their accounts? lol
5. my average win/loss ratio is 4.03, (not sure over what peroid, I’ll have to check). I think it’s March to date.
All the above is 100% verifiable.
How can I get verification?
You might want to contact him via email, or I’ll get him to come here if I see him on my IM.
Hi Wondering,
I did post screen shots of the results mentioned above, and I will be posting some more occasionly at goldentalk. I don’t want to make it a regular thing because for example if it comes time to post and I still have positions open then it will be impossible to know the real results.
So just keep an eye on goldentalk and you’ll see results (screen shots) from time to time.
Regards
PeterB
Hey Peter,
Just wanted to say thanks for the constant updates when the website is down. Shows you care….
cheers
Sing
Hello Jude,
I wonder if the trading proofs you saw included access to Club-Fx live accounts or something identically reliable. As far as I know Trading Records and Charts could be easily “altered”.
Salterus, no I dont have access to his accounts, but if he allows, i might be able to do an audit. We’ll have to see if he agrees with me reviewing CFX.
Jude, any update too this program? were you able to get any DD done ie address ect ect any thing come by via an audit? 1% every day smells like an old fashioned ponzi dosnt it? seems very brave to guarantee a fixed roi daily based on forex ,with only a limited reserve? I admit i like the look of this program and the admin seems “nice” but been here to many times before LOL, be nice if i learned some lesson from NSFG, FXE,FXIG ECT ECT !!!
I’ve not yet gotten the documents from Peter.
Will be getting it from someone who has it pretty soon though since he wants me to get it from this person who already has it.
Will feedback as soon as I can