This is the one based in Pag-Ibig Tower, I believe?
Bai, i know a friend of mine lost $10,000 he's a highschool and college classmate of mine
Went into this company right after graduation..
After few month his 10k wen kaput...
Also a few other friends of mine (mrag mas na una sila nimo), told me about this... And asked for my opionion
So i looked into the details of the company...
Turns out they charge $70 commission per trade.. while FOREX.com has commission-free trading
70$ commission is quite a huge sum, avergae commission price for stock market trade is $15-$25
Asked my friend for the papers Turns out mega-trend (name of the company) is regsitred in the DTI and not SEC..
I asked him about this, and they were told na dli sila brokers but rather market consultants r rather facilitators for primehill inc..
So i looked into primehill, and saw that it was not registred with either PSE or SEC.. (i started to smell smething fishy)
My friend asked the higher ups in megatrend about primehill, and they said its registered in the Virgin Islands
(virigin where? A protectorate country of UK) I traced it out and saw their site
Primehill Investment Services Ltd, and at first glance
you'd be shocked to think this was a forex brokerage company. No address, telephone number or contact details for that matter.
I traced the site and it turns out to be registred in China (bulkregister.com)
Here's the raw domain lookup:
Domain Name lookup. Morris Lee 2208, Yiu Wah House, Tin Yiu Estate, Tin Shui W - HK
Domain Name: PRIMEHILLFX.COM
Administrative Contact: Morris Lee
morris966@hotmail.com Morris Lee 2208, Yiu Wah House, Tin Yiu Estate, Tin Shui W - HK
Phone: 001-661-8468535
Fax:
Technical Contact: Host Master
hostmaster@communilink.net CommuniLink Internet Limited Unit 2620, New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon - HK
Phone: +852-29980833
Fax: +852-29980898
Billing Contact: Morris Lee
morris966@hotmail.com Morris Lee 2208, Yiu Wah House, Tin
Now turns out, primehills contac details is in HK now? So i asked my friend to ask hem about this, and they say their bank is in HK...
so imagine
Mega-Trend .. dti registered
Primehill.. Virgin Isalnds Registered
Bank.. Hongkong Registred
This seems fishy..... for me
Im not saying don't try it.. I'm just telling you what I know and foundout and what I told my friends
So anyway goodluck