FXmonger Review

Hello and Welcome to a Review Edition of Flaxtalk. The program I looked into called FXmonger. It looks pretty good at first, let's find out if I think it is that good after digging in.


Script:
Tomacero, slightly modified like the Cellphone number etc., Still based on Tomacero, the admin explained it is a custom script, well even it might be soled custom from the programmer the base is on Tomacero
Cost $129 + $350 customization (at max)


Design:
Simple, and easy going, a little flash what spice things up.
Cost $250-$350


Host:
Dragonara, one of the best in the industry (please wait for my Hosting Article, will be published soon)
Cost $399 per month


SSL:
Equifax $79 per year


Promotion:
Is solid, not too heavy, and I like that you basically need an invitation to join. Even I am sure the administration let you join also without such an invitation.
Alexa is at 80026, the site lost traffic the last week, what is usually not the best sign.


Company:
FXMONGER private investment club is officially registered in BVI (British Virgin Islands) offshore and includes a international team of professionals with extensive practical experience in the investment and trading industry. Our professionals have ample experience as investors and traders, money managers, investment consultants, designers of trading systems, analysts. We have more than 6 years of forex trading experience and now we are running a managed forex accounts investment club for our interested business partners.
Well, I wait for some responds from someone in BVI to confirm this, so far I can't confirm this club exist, the picture with the tower on the About page is of course not there tower and obviously photoshop modified, but I guess this not need to be mentioned

The Setup Cost is without club/company around $1100 +/- a little. If there is a BVI Company/Club, it can be ordered in the internet for additional $1200

Investment options:
FX-START
Investment program for the first test. Minimum deposit amount in the program is $ 50, maximum amount is $ 100. Fixed interest rate - 1 % daily. Trading days are Monday - Friday. The investment period is 30 trading days. Compounding is not available. Early withdrawal of principal is not allowed. The principal will be returned to the investor account balance after 30 trading days. Earnings for a trading day will be credited next day morning (for Monday on Tuesday, for Friday on Saturday).
Spent Amount $ 50.00 - $ 100.00, Payout 1.00 % daily, Duration 30 days

FX-LIGHT
Investment program for Beginners. Minimum deposit amount in the program is $ 100.01, maximum amount is $ 5,000. Interest rates vary from 1.1 % to 1.3 % daily. Trading days are Monday - Friday. The investment period is 90 trading days. Compounding is available from 0 % to 100 %. Early withdrawal of principal is not allowed. The principal will be returned to the investor account balance after 90 trading days. Earnings for a trading day will be credited next day morning (for Monday on Tuesday, for Friday on Saturday).
Spent Amount $ 100.01 - $ 5,000.00, Payout 1.1 - 1.3 % daily, Duration 90 days

FX-BUSINESS
Investment program for Business Members. Minimum deposit amount in the program is $ 5,000.01, maximum amount is $ 20,000. Interest rates vary from 1.3 % to 1.5 % daily. Trading days are Monday - Friday. The investment period is 120 trading days. Compounding is available from 0 % to 100 %. Early withdrawal of principal is not allowed. The principal will be returned to the investor account balance after 120 trading days. Earnings for a trading day will be credited next day morning (for Monday on Tuesday, for Friday on Saturday).
Spent Amount $ 5,000.01 - $ 20,000.00, Payout 1.3 - 1.5 % daily, Duration 120 days

FX-PROFESSIONAL
Investment program for Professional Members. Minimum deposit amount in the program is $ 20,000.01, maximum amount is Unlimited. Interest rates vary from 1.5 % to 1.7 % daily. Trading days are Monday - Friday. The investment period is 150 trading days. Compounding is available from 0 % to 100 %. Early withdrawal of principal is not allowed. The principal will be returned to the investor account balance after 150 trading days. Earnings for a trading day will be credited next day morning (for Monday on Tuesday, for Friday on Saturday).
Spent Amount $ 20,000.01 - Unlimited, Payout 1.5 - 1.7 % daily, Duration 150 days

As you know, I am not a fan of principal back, as this usual cause big payments at a same time frame, depending on their promotion, or non promotion. Therefore, it is one of the most risky factors of this program. The ROI sound, reasonable and the site should go until the Black Season in December. I doubt it go much longer, but still there should be time to make money.

So will FXmonger be the next big thing?
NO! It usually helps to be an invitation only, and have fewer aggressive advertisements, to attract high investors. On the other hand, it also means less cash-flow and since the principal is back one high investor can kill this program. Therefore, yes you can play this game, but not with large amounts.

Positive is, the administration what communicate very well. This can make the program stay online longer.

Click here to Join