Ngaatu,

Could you please give me the contact details of KUINET?

To be frank,over and above giving them free advice I would like to give them an interesting proposal (tell me if this is immoral).

As RBs for FXCM,we should be able to pay high volume traders about USD 4 for every lot trade that the trader takes. So,for example,Ngaatu,if you trade say 20 lots per day,Genius would be glad to pay you USD 80 daily whether or not you make a profit.

That's not pesa mbaya considering it is free. It's about KES 5,400 per day.

toni..who is this chris?

Am yet to find the details of Kuinet Company.The thing is that there are about three ladies who wrote me e-mails complaining of their funds.They had invested there for about 9 months and they were given returns in few months then later on they were told that the market was bad due to the mortgage crisis in U.S and its spiralling effect on other markets!!!!! A very skewed reason. Its really a sad situation as they were practically duped by being given higher returns and being told that the system was not perfect.

They did not divulge to them about money management and risk exposure and its ways to minimize on variety of conditions.Please anyone who will have the KUINET guys brief on this forum,we need to root out Jokers and Schemers.

That FXCM deal aint bad,kwani bwana do you have franchise for them here in kenya.Utafanya tukimbie our brokers to him if he is good.We'll see about it.

I have another complaint from a guy who is working at safaricom that he has also been dissapointed after investing with a 'forex firm' at posta sacco plaza 8th floor!!! This firm is really spoiling.Anyone with their information!!!



@NGAATU

For clarification i do not know KUINET COMPANY or Posta Sacco Plaza company.I got 5 mails from guys question the verification of the said companies.One lady Angela Wambui complained she and her sister were involved with Kuinet and the story as i gave you before thats why they wanted to seek clarification regarding if what they were told is the reality which according to forex management they were not told facts,questioning on the motive of the firm. The Guy working in safaricom and has problems with posta sacco guy is also called Lukuni Mwamunga and has also complaints too. Similarly there are many posts in stocks kenya and wananchi forum regarding those issues too.We aint accuse anyone or point finger at anyone,we beleive one is innocent till proven guilty.

Its absolutely not fair to accuse a person investment without proper looking into it,i understand there reputation is at stake and they have responsibilities like everyone.Similarly it may be a mistake in their understanding with the clients.
But we should not shy away from reality in quest of preserving the reputation of our firms.Those clients and many out there who loose their hard earned funds are having responsibilities like anyone and also dependents in this matter.

A question is how will you distinguish a complaint to be reality unless you ask the client what he has been told regarding his investment and then look at facts on that particular investment to see if he was told the reality and if he was not told the facts then she/he have rights to air his complaints and the firm can also defend itself.

Thats why investors need to be told the reality and facts of the investments by our firms rather than giving them half the reality.Its upon the responsibility of regulation and proper awareness to help these future problems.It may be mistakes of clients for not understanding regulations but we need to have proper way if we want to secure survival and consistency of forex investments.

@NGAATU

Passyson,

If you have averaged USD 200 a day on a USD 1,000 account,please provide a link to your account statement.

You can check out mine at www.ForexKenya.com/eds.htm

Show me a better account and I will buy you lunch. This account traded over six weeks.

By the way Possyson,which broker are you using?