This forex fraud article contains a Forex Macro overview, its questionable profitability claims, and an objective scam assessment. In the end you can also read about other possible forex software scams.
Forex Macro Overview
Panama-based Forex Macro seems to be operating as a High Yield Investment Plan or HYIP that claims to trade in the forex market and offers its investors exceptionally high returns on their risk capital. The primary risk with using this service or referring others to use it is that it may be a cover for a Ponzi scheme (read more about Ponzi HYIP schemes here).
Questionable Vendor Profitability Claims and Issues
The promised returns from Forex Macro look suspiciously impressive:
Plan #1: Fixed Plan – invest $50-$200,000 for a 14% monthly return and a minimum deposit term of 6 months.
Plan #2: Superior Plan – invest $3,000-$100,000 for a 21% monthly return and a minimum deposit term of 3 months.
Plan #3: Variable Plan – invest $50-$200,000 for a variable 8-30% monthly return and a minimum deposit term of 6 months. Interest paid on the 28th of each month.
Forex Macro Scam Assessment
Is a Forex Macro scam going on here? Almost certainly.
This HYIP has all of the classic hallmarks of a Ponzi scheme, and Internet reports indicate it may have already stopped paying its investors. Furthermore, many people report waiting unsuccessfully for months and months for withdrawals from Forex Macro, and they also say the company has stopped responding to e-mails for withdrawals.
In general, we do not recommend that you invest with Forex Macro or encourage others to do so in any way since it appears to be a forex HYIP Ponzi scheme. Basically, trading in the forex market cannot be considered a viable way to get rich fast. Instead, trading forex requires a personal trading plan to do so profitably and consistently. Trusting your money to decisions made by others has not been shown to be successful in forex trading or other life situations.
More information on Forex Macro can be found here.
Learn about Bernard Madoffs Ponzi scheme, one of the most spectacular in history.