Singing Pig

Did anyone else who was contacted by this company have to fill in a limited power of attorney form ? if so is it safe to do this with the terms they impose

it also says you have to indemify them against any losses on yur account ?? what exactly does that mean, could this run into hundreds of thousands of pounds that you have no control over ???

Brian I don't trade forex but in the absense of anyone else replying to you,you state you are a new trader this normally means you wish to do things yourself?Instead of a discretionary account which the above seems to be (where the broker makes decissiopns for you and buys and sells on your account),why not consider advisory service where trade are advised to you but you have to give specific instructions for the trade to take place

You can check about placing stop limits to cap your losses with the broker if you cannot watch the markets,although there may be slippage and worse than expected price it does prevent the unlimitted losses your rightly concerned about.

The brazil bit may be worrying,check where they are regulated and check with the authorities there what protection you have for any monies sent,stick with developed markets to be safe.

I have spoken to forex specialists Kleinwort Benson and ECU group both seem competant and are regulated in safe countries and offer discretionary trading accounts (I was looking at multi-currancy mortgages)why not check with them for an alternative view on things and ask opinions on what you have been offered

Hope this has been of some help and hopefully forex specialists will also reply to you

I know of three people who have had very bad experiences with Atwood and James within the last 8 months. The LPA form which they ask you to sign is essentially meaningless too because they will invest money without authority from the client and have done this on 3 occasions to the aforementioned people. I personaly had 42k USD invested in CHF when I specifically asked for the funds to be wired back to me. If I had left them in the options too they would have failed to hit strike price by quite some way.

They tend not to operate as a company either so if bad advise by one person is given then someone else will blame them personally when money is lost. This is commonplace within Atwood and once a client see's through the very tall stories the head analyst tells and pushes them for appropriate answers they can become very nasty.

Of the 6 trades I was entered into I was successful on 3 with a little gain a al ot of stress and worry with how they abused your trust.

Thanks