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  1. #1
    Join Date
    Apr 2007
    Posts
    1

    Horizon Fx/Gold Quest questions

    http://www.horizonfxinvestments.com/

    This company was presented to me along with Gold Quest International by a reputable financial adviser.

    I have read the posts about Gold Quest and must admit that the arguments noted make sense (yet no proof that they have not paid anyone yet) plus if they have been in business for 40 years (as noted in the papers I was shown although doesn't say if 40 years trading the Forex) then why are they not richer then Bill Gates - one claim is that the website does not give a way to contact them although once a member I would assume you get that - however the papers I was given have 2 email's and an address in Nevada and a fax number so i don't think they are hiding.

    That being said the main concern with a Ponzie Sceme is that they won't pay you correct??

    Gold Quests papers note the payment every 12 months and their own power of atorney papers say they are guided under the terms of the agreement. Not sure if this is the legal edge to sue if they don't pay.

    Anyways, this thread is mainly to learn about Horizon Fx (they are Canadian and do all their banking either in Canada or through a New York Brokerage) but not sure if this is any benifit to guaranteeing that they will pay me as well.

    They do however have a monthly pay system so just in sheer volume of requests to get paid every month if they didn't there would be a huge stink correct??

    I have no problems believing that there are investors/traders out there making huge profits - I heard that Mutual Fund managers have quotas of say 14% per week yet my mutual fund is doing well if it pays me 7% or even 12% per year??

    So I believe that you can find an investor/trader who will give you a larger portion of their profits (it was explained that Gold Quest pays 87.5% or more because they are making way more then that!!) Horizon is more conservative at 40-60% and no claims of guarantee (I admit that was a little wierd - but put it down to promotional crap - even Mutual Funds promote themselves)

    The main thing is to make sure you will get you money.

    Thank You

  2. #2
    Join Date
    Oct 2004
    Location
    Edmonton, AB
    Posts
    22

    Re: Horizon Fx/Gold Quest questions

    Quote Originally Posted by Vetterman
    http://www.horizonfxinvestments.com/

    I have no problems believing that there are investors/traders out there making huge profits - I heard that Mutual Fund managers have quotas of say 14% per week yet my mutual fund is doing well if it pays me 7% or even 12% per year??

    So I believe that you can find an investor/trader who will give you a larger portion of their profits (it was explained that Gold Quest pays 87.5% or more because they are making way more then that!!) Horizon is more conservative at 40-60% and no claims of guarantee (I admit that was a little wierd - but put it down to promotional crap - even Mutual Funds promote themselves)

    The main thing is to make sure you will get you money.

    Thank You

    So you "heard" that mutual fund managers make 14% profits weekly, but pay theri investors 7-12% annually. So I guess you "heard" that the manager keeps the difference, huh?

    Don't believe everything you hear. In this case, don't believe a word from the person that told you this.

    If you want to understand how a mutual fund works, read the prospectus. That document will have everything you need to know on that mutual fund, including all fees paid to the managers. All Canadian Mutual funds must publish their prospectus and AUDITED financial statements.

    You are a little old for fairy tales aren't you???

  3. #3
    Join Date
    Jun 2007
    Posts
    5

    Re: Horizon Fx/Gold Quest questions

    Vetterman.....I have talked to the ppl at Horizon a bit, and I know a few ppl that have invested with them. Everyone is new to them , the longest being an investor for 4 months. So far, everyone is getting paid. Have you found anything new? Have you talked to Gem at Horizon?...A bit of imput might help me

  4. #4
    Join Date
    Jun 2006
    Posts
    3,120

    Re: Horizon Fx/Gold Quest questions

    plus if they have been in business for 40 years
    Brooklyn Bridge is still for sale, you know.

  5. #5
    Join Date
    Oct 2005
    Posts
    134

    Re: Horizon Fx/Gold Quest questions

    Quote Originally Posted by Vetterman
    http://www.horizonfxinvestments.com/

    This company was presented to me along with Gold Quest International by a reputable financial adviser.

    I have read the posts about Gold Quest and must admit that the arguments noted make sense (yet no proof that they have not paid anyone yet) plus if they have been in business for 40 years (as noted in the papers I was shown although doesn't say if 40 years trading the Forex) then why are they not richer then Bill Gates - one claim is that the website does not give a way to contact them although once a member I would assume you get that - however the papers I was given have 2 email's and an address in Nevada and a fax number so i don't think they are hiding.

    That being said the main concern with a Ponzie Sceme is that they won't pay you correct??

    Gold Quests papers note the payment every 12 months and their own power of atorney papers say they are guided under the terms of the agreement. Not sure if this is the legal edge to sue if they don't pay.

    Anyways, this thread is mainly to learn about Horizon Fx (they are Canadian and do all their banking either in Canada or through a New York Brokerage) but not sure if this is any benifit to guaranteeing that they will pay me as well.

    They do however have a monthly pay system so just in sheer volume of requests to get paid every month if they didn't there would be a huge stink correct??

    I have no problems believing that there are investors/traders out there making huge profits - I heard that Mutual Fund managers have quotas of say 14% per week yet my mutual fund is doing well if it pays me 7% or even 12% per year??

    So I believe that you can find an investor/trader who will give you a larger portion of their profits (it was explained that Gold Quest pays 87.5% or more because they are making way more then that!!) Horizon is more conservative at 40-60% and no claims of guarantee (I admit that was a little wierd - but put it down to promotional crap - even Mutual Funds promote themselves)

    The main thing is to make sure you will get you money.

    Thank You
    Are they a registered company do they have any affiliations or licenses do they use banks or third party payment processors etc etc this is what you have to ask yourself if they are legit then everything is out in the open.
    Also those kind of trading profits although appealing aren't realistic.
    Some people make 6000% pa trading financial markets but the risk and luck involved is similar to a casino.
    Even if they traded options which present no risk of loss if traded correctly
    (Although of course you cant say that even though either way they go you profit)
    The profit is less so those returns they would have to trade very many contracts which makes it unrealistic.
    Im coming over with the stolen Karaoke machine.:rain:
    Do you want somebody to love do you need somebody to love.:rasta:

  6. #6
    Join Date
    Jun 2007
    Posts
    5

    Re: Horizon Fx/Gold Quest questions

    They claim to be able to hit about 1% return per week, I have seen peoples weekly statements...some got 1.3% that week and others got .8% that week. They charge $30 per trade per contract($7000). They are registed with the BC Sec. Comm. and have had no complaints in the 4 yrs they have been up and running. Because it only costs you $30 to pull your money out and they process your money within 24hrs, I feel that this is a min. risk. My brother in law used to trade in the hey day of the 90's and he said that these numbers are not out of the world. I am not a shill for them, but in this case I feel that the risk is worth the reward. If anyone has anything re:horizonfx please post so I can be brough up to speed.
    Last edited by RJS; 06-07-2007 at 05:11 AM.

  7. #7
    Join Date
    Jun 2006
    Posts
    3,120

    Re: Horizon Fx/Gold Quest questions

    Quote Originally Posted by RJS
    They claim to be able to hit about 1% return per week, I have seen peoples weekly statements...some got 1.3% that week and others got .8% that week. They charge $30 per trade per contract($7000). They are registed with the BC Sec. Comm. and have had no complaints in the 4 yrs they have been up and running. Because it only costs you $30 to pull your money out and they process your money within 24hrs, I feel that this is a min. risk. My brother in law used to trade in the hey day of the 90's and he said that these numbers are not out of the world. I am not a shill for them, but in this case I feel that the risk is worth the reward. If anyone has anything re:horizonfx please post so I can be brough up to speed.
    Thats was a shill.

    They are not registered with BC Securities Commission http://www.bcsc.bc.ca/bcscdb/Registr...RegDefault.asp You can check it yourself.

  8. #8
    Join Date
    Jun 2007
    Posts
    5

    Re: Horizon Fx/Gold Quest questions

    Nope, not at all....but I am very interested. You know I did the math and a $7000.00 USD investment gets you (their historical numbers) about $285/month. We are not talking about crazy 2000% ROI in 1 year kinda thing. I am not a shill, never have I worked for the, I have not put in money (yet), just looking for some input....sorry if I sounded like I was sounding like I was singing the Horizonfx theme song.
    Good luck everyone. And yes, I have found the in bcsc.bc.ca.......take a closer look boris.
    RJS.

  9. #9
    Join Date
    Jun 2007
    Posts
    5

    Re: Horizon Fx/Gold Quest questions

    http://www.bcsc.bc.ca/eservices/Inc/...HCB7B1&s=False


    Actually, you might want to look closer next time.

  10. #10
    Join Date
    Jun 2007
    Posts
    4

    Re: Horizon Fx/Gold Quest questions

    I invested with HorizonFX earlier this year and enjoyed average 1% per week ROI after commission charges. Recently I liquidated a portion of those funds and received them in about 7 business days. Statements are provided detailing the previous week's trades, commission charges and equity. Several people I know have shown me their statements and there isn't any discrepancy in any of our weekly % gain. One individual has statements going back over 1 year and has liquidated and re-invested different amounts during this period without any difficulty. Gem Ali is the principle but doesn't do the trading as stated on the web-site. The commissions are high and HorizonFX makes more money on the transactions than I do which is fine with me because it lessens the deisre for them to take my money. He uses my money to make money for himself and I get high ROI in return. Considering I don't have the expertise to do the trading and get the results he offers, it's a reasonalbe trade off for me.

  11. #11
    Join Date
    Mar 2006
    Posts
    11

    Re: Horizon Fx/Gold Quest questions

    regarding HFX
    This is one where you can actually see them on the BCSC. Their OM can be verified by the law firm representing them. I've personally deposited, and withdrawn money on a regular basis. They do send you a T-form at the end of the year with which you do have to claim growth for taxation purposes. The only thing missing is a proof of life for the traders whom they do not disclose (I suppose then it'd be a bad business move for HFX as that'd mean you could create your own system) alongside a brick and mortar office that you could touch and feel with your own hands. I've been a customer since Oct 2006 and it's been pretty good so far. I think I've done enough homework, but if there's anyone out there with some due dilligence questions that haven't been answered, please post on this forum to let people know what's going on.

  12. #12
    Join Date
    Jul 2007
    Posts
    1

    Re: Horizon Fx/Gold Quest questions

    GoldQuest sounds a little sketchy to me. As for Horizon FX, I have been in there since April 06 and personally know close friends that have been in there since 2005. I get monthly cheques without any issues and can see their Report of Exempt Distibution posted on the BC securities commission website for the past few months. I have personal met Gem Ali (president) many times and just yesterday visited the new location where their Vancouver based office will be going in. I have compared my statements with friends that are in the same program and they always match. I have a friend that has 200k in there and is making around 2k a week on average. He has had no issues getting money out either. I have also back checked the last 3 months of trades (posted to your account weekly) and they all correspond to a known trigger for the currency market. They use a 14:1 margin and use a very conservative strategy for their trades. They are not in for the huge gains, they make money per trade whether it's a huge return or a huge loss so their goal is to make consistent gains to keep you happy.

    I have been researching this for the last 2 years and so far I haven't found anything bad.

    I still urge you all to do your research ahead of time and know that Forex trading as well as any of these other high risk/high reward investments do have the potential to lose your money. Another thing you have to watch for on these margin trades is that you are not obligated to pay more than your investment if they lose more than your money on margin. Horizon FX has a Risk Acknowledgment form that says right on it that the most you are obligated to pay in the future is what you initially invested.

    Thanks

  13. #13

    Re: Horizon Fx/Gold Quest questions

    I too have been involved in this for the past while. Continuing with past trends I have been getting consistent 1% weekly returns. No issues whatsoever, its fun to watch my money grow. I recently became a representative for Horizon FX and can answer any questions anyone may have or if they would like information/brochures. I can also show you statements from my personal account if anyone would like to see.

  14. #14
    Join Date
    Feb 2007
    Posts
    512

    Re: Horizon Fx/Gold Quest questions

    Quote Originally Posted by vax
    I invested with HorizonFX earlier this year and enjoyed average 1% per week ROI after commission charges. Recently I liquidated a portion of those funds and received them in about 7 business days. Statements are provided detailing the previous week's trades, commission charges and equity. Several people I know have shown me their statements and there isn't any discrepancy in any of our weekly % gain. One individual has statements going back over 1 year and has liquidated and re-invested different amounts during this period without any difficulty. Gem Ali is the principle but doesn't do the trading as stated on the web-site. The commissions are high and HorizonFX makes more money on the transactions than I do which is fine with me because it lessens the deisre for them to take my money. He uses my money to make money for himself and I get high ROI in return. Considering I don't have the expertise to do the trading and get the results he offers, it's a reasonalbe trade off for me.

    christ almighty. You shills NEED TO RAISE YOUR GAME.

    If this isnt the most pathetic attempt to 'prove' itsno scam, I dont know what is.

    Give it another go.

    Try leaving out the 'they cured my cancer and saved my dog from drowning' bits, you lame f*ck.

  15. #15
    Join Date
    Feb 2006
    Location
    Houston
    Posts
    207

    Forget It!

    FORGET IT , IT IS A SCAM!
    I do not care who recommended it to you.
    First the contact info ,area code 604,comes back to Vancouver, British Columbia in Canada.
    Second, FOREX trading is best done at places like CME , CBOT in Chicago,IL or NYBOT ,ICE in New York, NOT in Canada. this is especially so if you are a US citizen. Just getting an account in Canada ,even if they are a legitimate outfit, will be very difficult.
    Third,most offshore (or outside the US) brokerages that deal in Forex or Gold, are swindles. They usually involve traders that lost their US license and go outside the US to dupe the gullible.
    Fourth, try www.cftc.gov and inquire about this outfit. It is a FREE service by the US government to help those getting swindled and to ferret out the bad guys. Run a background check on this outfit. Or ,ask about them directly by email . They can investigate both registered and non registered outfits. if this Horizon /Advantage outfit is NOT registered, FORGET IT. it is a SCAM!

  16. #16
    Join Date
    Mar 2007
    Posts
    5

    Re: Horizon Fx/Gold Quest questions

    Ohhh my goodness I can't believe how much people don't listen. For instance not understanding why HFX doesn't pay as much as goldquest. Well guess what guys - its because goldquest money is locked in for a year unlike HFX where you can get a monthly income. And then why isn't there are much information on these companies. Answer because they are private companies and under no obligation to disclose all information and financial statements. And then the part about financial advisors selling this product. They can't under their licensing so its not a financial advisor - its just someone selling these products which incidentally are the best thing going.

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