Important news: Company removals notice dated 19 May 2016

The New Zealand Companies Office has issued a warning that United Group Holdings Limited will be removed from the Register of New Zealand Companies on 17 June 2016 unless written objection is lodged by 17 June 2016.

I have asked for more information about this, but have not yet received news.

I do not recommend that you place any funds with FX United until this matter is resolved.

to view the New Zealand Companies Office website.

I will post any further information I receive.


List of blogs

FMA warning

The Financial Markets Authority of New Zealand ( FMA ) has recently put FX United onto a watch list of "businesses to be wary of".  This is clearly not good for FX United or anyone trading with them.

Follow this link here to FMA website

However, all that the warning says is that the FMA has received reports that United Global Holdings Limited, trading as FX United has been falsely claiming that the FMA has endorsed the company as being legitimate and highly regulated.  It seems that this was stated on an overly enthusiastic Malaysian Facebook page (the statement has naturally now been removed).

The fact is that the FMA does not endorse any company in this manner, and they are quite justified in releasing this warning.  It is really important that we do not overstate facts. FX United is NOT a government regulated company.  It does NOT have a separate prudential account guaranteeing the safety of our money - and it is NOT the same as putting money in a bank account.

Our money is as safe and secure as the company it is placed with - and my view is that I am treating this as a potentially risky investment.  However the returns are so remarkably high that I am prepared to give it the benefit of the doubt - as thousands of others have been doing for many months now, while reaping strong rewards.

Frankly, there are people out there who are making greatly exaggerated and unjustified claims about making a quick fortune with FX United - and it has to stop.  It would be sheer lunacy to place all your savings with FX United.  However, that does not mean that FX United is a bad broker - or that you should steer clear of it.

Only you know your personal circumstances, and you should fully inform yourself, and make your own decisions.  Your money is hard earned.  Do not throw it away - but do not just stand on the sidelines watching while others are taking profits!

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A message from Malaysia

I love receiving messages and emails - and it is amazing how far the FX United message has traveled.  I have received messages from places including Australia, Malaysia, Borneo and even South America.

The following is one message I received from a gentleman in Malaysia.  I have also included my reply.

From: #### [Name deleted]

Sent: Friday, 29 April 2016 11:45 PM
To: Andrew Flannery
Subject: FX United/UGHL

Hi Andrew,

My name is #### from Kuala Lumpur, Malaysia. I just wanted to know whether you are the writer of the article on FX United/UGHL.

I gathered from the article that you have done extensive research on the company and based on your conclusion the scheme offered by FX United is bonafide although the scheme perfectly fit a PONZI scheme profile.

If you are the writer of the article, I would be very grateful that you can reaffirm your opinion of FX United by replying to this email.

Thanks & regards

Sent from my iPhone


Dear Mr ####

Thank you for your email.

I presume that the article you saw was on the website that I edit called I am fairly new to FX United, but many friends were asking me for details about it, so I set up the website to answer those questions.  I intend to update the site as I find out more about the business.

I have investigated what I could about FX United, and I see many things that give me confidence (see my page ), and also a couple of things that cause me to doubt - for instance, there does not seem to be a resident NZ director, and monies do not appear to be held in a separate custodial account.  However, the thing that gives me most confidence is that I have seen member statements showing consistent payments for many months - and with such high returns, my entire outlay will have been covered in a matter of 6-9 months.  After that, it is pure profit - and even if FX United were to fold, my initial outlay would have been covered.

As to whether it is a Ponzi scheme, or a front for money laundering, or some other sort of scheme or confidence trick - you and I will probably never know.  However, I can see no indication of this, and people I have spoken to who have been dealing with FX United for a long period of time do not believe that this is the case.

All I can say with certainty is that I receive daily updates on trades which are apparently being made on my behalf - and this seems to validate the commission sharing business model which has been described to me.  I have lodged numerous enquiries with FX United, and these enquiries have been dealt with promptly and professionally.  Further, I have received my 11% monthly return (ie 12%-1% maintenance).  Accordingly, until I hear anything to the contrary, I am happy to give FX United the benefit of the doubt, and I plan to place more money with this Broker.

I consider FX United a potentially risky but high yielding Broker option - and if you have funds that you could potentially be prepared to lose - then why not put some with FX United and see what happens? Of course, I cannot give you financial or investment advice, and you must check with your accountant or financial planner to see whether this is in fact a good trading option for you.

I hope you found my website useful, and I really appreciate your direct contact.

All the very best
Andrew Flannery


Success!  I received my first CGAT payment.  You can see it below on 04/25/2016 "CGAT Bonus Adjustment".  It actually took a few days more than that to appear in my account.

The way the first payment works is you open and fund your CGAT account - 35 days go by - and then your first payment is on the Sunday following the expiry of the 35 day period.

After that, the 11% per month payments are made monthy.  I will post my gains as they arrive!

More background on FX United - views from Peter Tan

I had a long discussion with Peter Tan last Friday night.  Peter is a very successful FX United member, who early over $20,000 per month from FX United (ie on top of his day job as a financial adviser based in Penang).  Peter was presenting at a preview night held in Burwood (a suburb of Sydney).

I said that I had some lingering doubts about whether FX United really exists, and whether the CGAT system could continue to produce the returns that FX United pays so far - and provide a capital guarantee (ie monthly top-up).

He said he had met the representatives from FX United when they were in Malaysia, and that they were clearly smart business people who knew what they were doing.  He explained to me how all major trades by FX United are effectively hedged by a counter trade, which they are in a position to place in the wholesale market (ie if we buy, then they sell) - so that if our accounts lose, they gain by the equivalent amount ... while all the time earning spread (or commission) on the trade.  That is why FX United is in a position to top up our accounts if they make a loss.

However, he said that he did not think that CGAT was the whole story.  FX United is undoubtedly holding millions of dollars, for thousands of traders, so they are in a position to place funds and earn interest on the overnight money market, and to make very large profits just from this investment.  He pointed out that if anyone is in a position maximize advantage from the the financial system (for our joint advantage) then it is a foreign exchange broker.

However, Peter agreed that none of us fully understands all the business dealings of FX United. All that Peter could say with certainty is that they have never missed a payment on his account since he joined in August 2015, and similarly for his boss since 2013.

He also pointed out that given the very high returns provide, any trading capital placed with FX United is effectively repaid within 9 months, and if we introduce other people, then that period can be reduced down to just a few months.  At the end of the day there is risk in this investment (like any business), but the risk diminishes quickly over a very short period of time.

Is it all about the money?

One of my friends challenged me today.

I have been talking about this FX United business, and making money in other ways (I am also a lawyer and a property developer) and she stopped me and said:  "Andrew, is it all about the money?".

That floored me for a moment, because it is definitely not all about the money.  I do what I do for a creative outlet and to provide for my family.  I make money for the freedom and self-expression that it gives me, and for the more powerful contribution I can make.

However, I need to constantly remind myself not to get caught up in the "means" when what I really care about is the "ends".

I challenge you to take a couple of minutes right now, just like I have done today, to concentrate on two questions:

  1. Who and what am I grateful for? At first you may say:  "Life stinks.  I am not grateful for anything!".  But sit with it, and really explore what you are grateful for.  For me it is my three wonderful children, and my health, and my job, and my amazing friends ... and before I knew it, I had a list as long as my arm - and I felt great!
  2. What do I want? This is a very personal list.  Often we do not dare to tell even our closest friends because these things are so precious and so close to our heart that if we do not achieve them, we know how much it will hurt.  But if these things are so important, then give your dreams the best chance of success, and write them down!

Only once you have answered these two questions, and have real clarity on what you are grateful for, and what you really want (and have written this down) - only then can you move to the next step and work out: what is my next step?

What my friend was so wisely picking up on was that I had not communicated to her the " why " before I launched into a whole story about the " how "!

So next time when I see her, I will say:  I am so grateful for your friendship.  You really see me - in a way that I don't think many people can.  And every day, I am so grateful for my family, and for the contribution I am making in the world.  It means so much to me that I have the financial freedom to have choices and options, and to be able to explore my full self-expression and leadership.  That's what makes everything I do worthwhile - and I have a plan to make that contribution even bigger!  Do you want to hear about it?

I wish you every success as you explore your own financial independence, and discover how FX United can help you achieve your dreams!

Ps - also, always keep in mind that some of your friends may not be as enthusiastic as you are about FX United (I know - weird, right?).  It is really important that you remember this key rule. No hard selling, ever !  I think this is so important that I devoted a whole page to it!

How will I spend my day when I don't need to work?

Today is the day before the four day Easter break in Sydney, Australia.

I had planned to take the day off to make a five day long weekend - but I had to send some documents out to clients, and another client wanted to a draft of a development agreement to read over the break ... so I decided to go into the office after all.

However, I took time to have a leisurely breakfast, and caught a train in at 10am.

It is a beautiful day in Sydney.  Early Autumn (or "Fall") is my favourite time in Sydney:  clear blue skies, warm in the sun, but the air is crisp.  As I looked around, I saw a whole group of people I don't normally see.  Normally, I am packed into a rush hour train, filled with people sipping coffees and talking on their mobile phones - but these people were enjoying life - chatting and appreciating the beautiful day.

I want to be one of those people who can stop and enjoy the beauty - and not be tied to a relentless wheel.  I enjoy what I do.  I like being a lawyer and helping people with some of their most difficult problems.  I like the daily challenges and the time I spend interacting with intelligent and ambitious colleagues - but I also want time to enjoy the day, and to spend some time just sitting and quietly contemplating.

FX United will help me achieve that.  It will give me a passive income which will allow me to work part time - and to only choose the work and the clients which I most enjoy working with. [NOTE: If you are one of my clients reading this, then of course I am referring to you!]

In short, with FX United, I am going to reclaim my financial independence.  I am going to once again have the ability to make choices about how I spend my most valuable resource: my time.  I am going to have time to spend with my children, and to appreciate the beauty all around me.  I am going to have time for holidays, and for community projects, like the school I am building in Nepal (which I will tell you about in another post).

In closing, I wish for you the same freedom: to choose the life you want, and to live that life to the full.  It is an amazing time in history, when through technology and the amazing systems available through FX United, we can put our money to work for us - and in doing so, reclaim our time and financial independence!

Good fortune in all your endeavours.

Live with Passion!
— Anthony Robbins

Daily confirmation from FX United!

It is great.  Every day I get and email with a detailed confirmation from United Global Holdings Ltd (the parent company of FX United) confirming all the trades which are happening on my CGAT Account.

You will see that when I deposited my $1,000, FX United added a bonus of $300 (ie 30% bnonus).  At the moment the trading is making a very small loss - but it is only eating into the bonus.  My capital is still intact.

If the trading reduces my initial capital during a month, then at the start of the next month, FX United just tops up the account.  It is an effective capital guarantee on my original investment.

WINST and CGAT accounts funded

I have now funded my WINST and CGAT accounts.


Opening the WINST account was very easy.  I just clicked on the "Fund Deposit to WINST Account" button under the Account Section tab, and then selected $500.  This is a bit confusing.  You can fund with lesser amounts, but this puts a cap on how much you can make from bonuses.  I frankly do not understand the difference, but my upline tells me that it is important to fund with $500 - and on this one, I am just going to trust him.


I opened a CGAT account from one of the blue icons on the Client's Account page (under the Account Section tab).  I then transferred funds into it.  In this case, I put $1,000 - but please do remember that you only have 10 accounts - and that you can put up to $10,000 in each.  So by putting in $1000, I have effectively used up that account.

My next deposit will be larger.