Anyone heard of OakFX?

[Chrismac]

Well they have finally got their just deserts although I expect a fair amount of other peoples money as well. A dubious bunch of characters to say the least. Just look up Mark Brewer on the web, what a scumbag. I suspect poor old Kendall is just the front for him. If David McEwen had a good reputation previously, them that reputation is taking a huge hit. He has shown by the fact he is donkey deep in cohorts(no matter how much he tries to deny it) with these guys one moment trying to distance himself and then subsequently defending them with a huge amount of b******t.

[janner]

Well they have finally got their just deserts although I expect a fair amount of other peoples money as well. A dubious bunch of characters to say the least. Just look up Mark Brewer on the web, what a scumbag. I suspect poor old Kendall is just the front for him. If David McEwen had a good reputation previously, them that reputation is taking a huge hit. He has shown by the fact he is donkey deep in cohorts(no matter how much he tries to deny it) with these guys one moment trying to distance himself and then subsequently defending them with a huge amount of b******t.

It is not their fault !!..

" It is apparent that Chrismac did not pay attention when the system was being explained to him. ".

The FMA like yourself, also did not pay attention !!..

See !.. All is explained...

Arseholes !!..

More power to Sharetrader Forum to expose the scum as they appear.

[stoploss]

Hi all, this is David McEwen.
It is apparent that Chrismac did not pay attention when the system was being explained to him. It is a pity he didn’t contact me to discuss any issues he might have had before publicly badmouthing me and my associates from behind the safety of a pseudonym.

Oakfx is a fully automatic foreign exchange trading system that I have had the opportunity to study since it first arrived in NZ nearly two years ago. I have clients who have purchased the software and allowed me to monitor their returns on a daily basis for the past 18 months. I liked what I saw so much that I subsequently became a shareholder in the company that distributes the software. All the clients I monitor have made excellent returns with this product – of around 50% per year on their trading accounts.

Oakfx takes positions on multiple currency pairs and implements ‘take profit’ and ‘stop loss’ limits. Until either limit is reached, the position remains open. An open position is not a loss and does not mean the equity in the account is lower. It is a similar concept to operating a dairy; you have to buy stock before you can trade and make a profit. Equity can go down if a trade is closed at a loss, but this is offset by profits on other trades and the system achieves a profit on around 75% of all trades.

Trading foreign exchange does come with risks, including the potential for losing some, or all of the balance of your trading account. This is explained to all clients in writing, including Chrismac, when the product is purchased and these disclosures are read and singed by all customers before an account can go live. I personally believe Oakfx manages potential risks well and delivers an excellent return to investors on a risk-adjusted basis.

I would love to have a conversation with Chrismac in the office or on the phone and do what I can to educate, help and resolve his issues. We love the product and stand behind it 100%. Whilst I accept we are busy and sometimes hard to get an immediate response from, all enquiries do get answered. I would suggest we are busy because the product works and is in demand, often from word of mouth and referrals. I do accept though that, as hard as we try, we can't please everyone all the time.

With regards to my personal advice and performance analysing markets for over 20 years, I would welcome a healthy debate, face to face, from anyone with a better track record. My numbers speak for themselves and are a matter of record.

How does this reconcile with " we love the product and stand by it 100 % "

http://www.nzherald.co.nz/business/n...ectid=11118789

[blackcap]

Article in this mornings stuff...

http://www.stuff.co.nz/business/9138...FX-boiler-room

[Calypso]

Hello all OAKFX subscribers. We purchased this program at the time Craig Campbell (the wealthy Nth Shore dentist) and Kendall Twigden (Brewers bit on the side) both of whom were directors at the time we purchased - other directors could also be joined like David Mc Ewen depending on when you joined. We have linked with another subscriber and are seeking legal recovery of our losses through class actioon via a very skilled litigation specialist which will be against Phoenix Forex Ltd, its parent and its directors. The action will sight false pretenses, misrepresentation, broken promises, breach of the fair trading act and downright dishonesty. We have already fully informed the FMA and the Commerce Commission. Anyone reading this please advise if your interested in joining the discussions and eventual action?

[Dinan]

Hi,

Unfortunately I joined this scam less than a month ago, they offered Oakfxlite for around 8000 dollars. An account with trader never been opened and they never got back to me when I tried to contact them.
Now the situation worsened, the legal environment changed that I can't even reach them. All I want is the Licence fee paid to be returned under 1 month money back guarantee. Can some one please help me to get around. My email is dinan_13@yahoo.com

Thanks.

[Calypso]

Hi Dinan
I have emailed my details - I think the police in your case that's just plain criminal behavour - hope Dave Mc Ewen and the North Shore dentist Craig campbell are reading these emails.

[Joshuatree]

Best wishes to you guys , i hope justice is served, people are exposed and prosecuted and some monies gets back to you.

[Calypso]

Thanks Joshuatree - anyone else exposed to OAKFX should make contact, all our cash was hard earned and easily given promises were just as easily were broken. The supposedly respected financial advisers must have been ill informed - see how fast the dentist director and shareholder scappered when the fertilizer hit the fan ! Lie down with dogs and you get up with fleas.

[grandma]

Hi Calypso
My situation is simalar to Dinan, I had purchased the Lite package but once the fma statement was released and the Oakfx website homepage changed I changed my password on my trading account and the Oakfx program was not activated. The salesman did contact me asking for my new password..... I have requested my money back but have been referred to an email address which is apparently the only contact for Oakfx now - I am not sure where to go from here.