GalleonFX resource report. February 10, 2008
This place is where i will update all the information and thing i know about
GalleonFX.I know GalleonFX since 2003.The placethat I know them is sovereigncrusaders.com. Back then GalleonFX don’t have a website like we see today. I did not join as the minimum is 25000USD.Plus there is very little information of them company. If you notice sovereigncrusaders.com and GalleonFX are on the same server. So when their server down both sites will be offline. The administrator of GalleonFX Ben can be seen in sovereigncrusaders.com posting information. GalleonFX currently don’t have a fix HQ. If the fund is not at FXCM I will not consider helping them as most scammer website are operated in this way. However the fund is at FXCM a forex company and I have seen their LIVE trade at FXCM. So I know they are for real. GalleonFX seemed to have 3 trading accounts. Xen Fasa (xen),Crusader HYC (crusader) and Ben Tammetta (ben). Anyone who signs up without a referrer will be mostly likely under them . From 2003-2008, I have being reading forum after forum. Interesting to say I don’t see any one having any scamming problem with GalleonFX. If you got solid proof that they are scammer please post here. However I can’t think of any way they can be scam when they have proven from 2003-2008 of their performance.
Open Account at 5000USD.
For anyone who interested to get in GalleonFX at 5000 USD. The minimum is 10000 USD.
Use this link .Registry and when you fund up your account contact GalleonFX and said that you are referrer by “ssiaf” and they will approve your account at 5000 USD.
Downloadable
Real Live trade record of QT a friend of my in FXCM, trade by GalleonFX.
Back testing trading for 12 years done by GalleonFX.
March 2008-April 2 US PAMM trading report
April 1 2008 - may 1 2008 US PAMM trading report
may 1 -june 2 2008 US PAMM trading report
june1-june 30 2008 US PAMM trading report
GalleonFX Commission for Affiliate.
The reason why i help GalleonFX is because they have a very good forex system. I don’t mind waiting as they are real business. However their commission payout is very slow. You can expect 6-12 month before your get your commission. There are many reasons for these and I will explain to you why.
First is GalleonFX does not have the control in cash flow in our account thus all cash flow issue is done by FXCM. When investor got profit on a certain month. FXCM will deduct 25% of the profit from each account. There will be error in some account due to FXCM miscalculation. After all the checking this will took at least a month. FXCM will issue a bank wire to GalleonFX for the 25% profit. GalleonFX have to do their own manually system check per Affiliate. As every month the profit is different plus the account in every single investor is different they needed to do this manually. Investors can any how withdrawal as they like as GalleonFX does not control your fund account. Thus the amount is different. This will usually took them minimum 2 month after the profit month to get it updated on the Affiliate system. After that, before they can paid you they will check if you referrer yourself in any of the account. You are not allowing to referrer yourself. Doing so will get you ban by GalleonFX. Include remover of all commission. With so much checking needed to be done, it took a long time before they can pay me any thing.
GalleonFX REAL LIVE TRADE PROFIT AFTER minus fee and compound.
Profit Before cutting of fee.
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Profit After cutting of fee.
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Profit you will get if you invest 10000usd from jan to Dec in compound mode.
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Thus we can see that
2006 the real live account profit after fee plus compound mode is 31.44%
2007 the real live account profit after fee plus compound mode is 67.16%
In their Solid Foundation in Back Testing (Hypotheticals) below.The result is higher.Remember this is only back tested not tested in real live account.Consider that the trade might excuted slower that what is expected thus result will be various.
Email from galleonfx staff
We deal mostly with banks and large clients and since there are 180+ international banks located in Panama that is one of the reasons we chose to incorporate there. We have staff and resources in 4 US statesand 5 countries. But no store front or walk in office since that is unnecessary.We are nearly always reachable by phone or email.Galleon does not hold or control anyones money and can not touch it other than just sending trading signals to the clients account. Accounts are opened at top Forex Brokerage firms. We are registered with FXCM.Only account holders can deposit and withdraw funds. I can provide contacts at each of these brokerages that know us personally. Clients sign a Limited Power of Attorney to basically allow Galleon to send trading signals to their account.The excel spreadsheets are hypothetical results based on back-testing our strategies. You should be looking at our live statements from the LINK on our Performance page. It possible that these statements can be audited but even our 1M clients have not requested this. Live statements and talking with the brokerage firms we work with seem to be more than enough for most people.Let me know if you have further questions.
Regards,
Ben
ben@GalleonFX.com
Galleon Operations
US FAX: 1-267-295-6164
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