The bank wire factor
In my opinion bank wires have a huge importance when making due diligence in a program. From all the programs flying around the internet, how many you know that REALLY accept bank wires? and I mean really because some of them say they receive them but "only" for high amounts such as 20K etc and those do not count, because it is their way to look legit by making us think that they really have a bank account. And this is important because:
1-If there is a company behind any program, this company MUST have a bank account for moving the funds, transfer to brokerage accounts etc or do you know any company that doesnt have a bank account?. Without bank accounts still today is impossible to conduct trading activities in a commercial level.
2- If a program accepts bank wires, you know that at least 100% sure there is a company behind, because all banks in all jurisdictions require notarized corporate documentation in order to open a corporate account.
Accepting bank wires doesnt guarantee that the company is legit or that is really trading, but does guarantee that there is a real company behind the program. Now from the hundreds of programs flying the internet just check how many are indeed accepting bank wires, I am sure that there will not be more than 5 or 6, so it is an easy way to help you make your investment choices.
PD: Sorry if I posted in the wrong forum,but i think that it is an easy due diligence tip.
Last edited by gaby; 04-04-2007 at 07:15 AM..
Reason: Moved to HYIP strategies (seems better there)
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