FXEthos states "the company at FxEthos pledges 10% of all its corporate profits to an organisation, charity or relief fund in search of that extra bit of help to make a change in one life or just bring a smile to someone's face. "
http://www.fxethos.com/foundation.php
We asked them to show a proof that FXEthos really does that kind of activity
Their answer is...."FXEthos is a private company so no need to show the accounting data"
We asked them to show just one receipt.
and they answered"we are only liable to our clients so we won't show you any proof" lol
How come FXEthos is talking about social justice?
Blog About A Scammer Karthik Subramanian aka ns_karthik aka Forex Scam Noafx.com And FXEthos.com
2/05/2013
2/01/2013
FXEthos's registered office address is fake
FXEthos's registered office address is fake and they don't have any trustee for fund safety
P.S 4 Feb 2013
Soon as we updated this post,Karthik Subramanian hastily changed his fake registered address LOL
Does he check out this blog everyday ?
71, Symonds Street,
Auckland 1010,
New Zealand
P.S 4 Feb 2013
Soon as we updated this post,Karthik Subramanian hastily changed his fake registered address LOL
Does he check out this blog everyday ?
Please have a look this page*
Their 1st fake registered office address was same as a lawyer office Ayres Legal.I asked Karthik guy why and he answered "we do share the office with Ayres Legal cause they are our trustee."
I spoke to Ayres Legal and Mr Ayres answered
Ayres Legal HAS NEVER BEEN A TRUSTEE FOR FXEthos/Ethos Capital
And Ayres Legal doesn't share their office address with FXEthos/Ethos Capital
Qn. Where is your office located?
Our registered office address is at;
Level 2, Wall Street Tower,71, Symonds Street,
Auckland 1010,
New Zealand
1/31/2013
Legal Team ?lol
They still claims they entrust client's funds and they have "legal team" ,but they can't figure out the meaning of the following article
(ii) by using cash in the trust of Financial Institutions Engaged in Trust Business (limited to those with contracts for the replacement of losses pursuant to the provisions of Article 6 of the Act on Additional Operation of Trust Business by a Financial Institution and in trust accounts that are obvious as Property Subject to Preservation by the account name).
(ii) by using cash in the trust of Financial Institutions Engaged in Trust Business (limited to those with contracts for the replacement of losses pursuant to the provisions of Article 6 of the Act on Additional Operation of Trust Business by a Financial Institution and in trust accounts that are obvious as Property Subject to Preservation by the account name).
1/26/2013
An email from Financial Service Provider of New Zealand
We received the following message from an adviser of the FSP on 7 Jan.
Thank you for bringing this matter to our attention. As mentioned in my previous emails, no entities such as FX Ethos or Ethos Capital appear on the NZ Financial Service Providers Register (FSPR). Based on the limited information we hold about this entity we are unclear about the nature of its activities. We always advise consumers to conduct their own due diligence in dealing with any entities they are unfamiliar with, particularly where funds are required to be sent overseas.
Regards
1/25/2013
"Karthik" guy crying ,shouting and lying at FPA !!
Please take a look at this archived page at Forex Peace Army
http://archive.is/SNny
1.He said he could show us the FSP # via support within 30 minutes.
Since then We have been asking him for the # but not hear back from him yet
2. Their office address was same as a legal firm Ayres Legal.
Karthik answered FXEthos shared with their office with Ayres Legal because Ayres Legal was their trustee
We contacted Ayres Legal and Mr Ayres answered "Ayres Legal has never been trustee for FXEthos"
Few days ago,we chatted with a "support" staff and asked who was their trustee.
He said " " We do not have any trustee it is a decentralized market where major banks all over the world plays a vital role" ??
Few minutes later, he came up with another ID and "our trustee is stewart & associates" lol
http://archive.is/SNny
1.He said he could show us the FSP # via support within 30 minutes.
Since then We have been asking him for the # but not hear back from him yet
2. Their office address was same as a legal firm Ayres Legal.
Karthik answered FXEthos shared with their office with Ayres Legal because Ayres Legal was their trustee
We contacted Ayres Legal and Mr Ayres answered "Ayres Legal has never been trustee for FXEthos"
Few days ago,we chatted with a "support" staff and asked who was their trustee.
He said " " We do not have any trustee it is a decentralized market where major banks all over the world plays a vital role" ??
Few minutes later, he came up with another ID and "our trustee is stewart & associates" lol
1/17/2013
Karthik Subramanian's Two Fake Licenses
Robert, London
| Rating: |   |
| Date of Post: | 2009-11-04 |
| Review: | The website is totally false with fake live results. The account they mention online is not even live account. I got this checked by IBFX and they have told me that account number Account: 1559458 me: Karthik N S is a demo account. They talk about using Deutsche Bank Asset Manager but dont they realise that you need to have big funds. I would stay well away as I have heard bad things about this man. The results are fake and the profit is fake. Demo account that has probably been backtested and Karthik is looking for some poor person to test. Please stay away. They are very rude people and the website is full of lies. Does not even have a license. Robert from London talked about one of Karthik Subramanian's scam sites mdiassetmanagement.com 1 The "live" result was fake.the account was not even live account 2 Karthik Subramanian claimed to be an approved Deutsche Bank Asset Manager but did not even have a license. Karthik Subramanian now claims to be a regulated brokerage in NZ but doesn't even have a FSP license |
1/14/2013
THE FOUNDER OF FXEthos.com Karthik Subramanian is THE SCAMMER Karthik NS @ mdiassetmanagement.com
http://helpdesk.fxethos.com/
NOW HE RUN FXETHOS.COM WITH A FORGED FSP LICENSE AND FSCL MEMBERSHIP
If you want to contact Karthik Subramanian, go to http://helpdesk.fxethos.com/ so that you can chat with him
A review by Robert about mdiassetmanagement dot com at Forex Peace Army
Below are 4 archived pages of mdiassetmanagement dot com
1 http://archive.is/tJOW Home
2 http://archive.is/Y0lV Real estate investments Did he/they really own such amount of real estates in the U.S ?
3 http://archive.is/ZY4Y managed forex Robert from London pointed that the "live results" +369.49 % were fake.
4 http://archive.is/okXg structured cd's
Please have a look at the bottom page of # 3 "About The Trader Karthik NS" He claimed to be an independent analyst for fxstreet.com
Karthik NS's profile on fxstreet dot com
And below is a cache of his profile as the founder of fxethos.com
which existed at http://in.linkedin.com/pub/karthik-subramanian/5/7b1/4b7
The whole cached page https://archive.is/ABP3 unfortunately his face pic disappeared but we have screen shots of the page.
He hastily changed his name and whole profile soon as we pointed that he was a scammer in a forum.
Karthik Subramanian became Karthik K
Link https://archive.is/zmX2
twitter account https://twitter.com/ns_karthik
Karthik Subramanian became Karthik K
Link https://archive.is/zmX2
twitter account https://twitter.com/ns_karthik
Please compare the 2 profile pics below
Conclusion:
Karthik NS @mdiassetmanagement and the founder Karthik Subramanian is the same guy
HE RAN MDIASSETMANAGEMENT.COM WITH A FORGED LICENSE OF DEUTSCHE BANK ASSET FUND MANAGER
NOW HE RUN FXETHOS.COM WITH A FORGED FSP LICENSE AND FSCL MEMBERSHIP
If you want to contact Karthik Subramanian, go to http://helpdesk.fxethos.com/ so that you can chat with him
1/08/2013
Beware !! FXETHOS IS NOT ENTRUSTED
Alert !!
FXEthos's so called "segregated and entrusted funds and accounts for all clients "is lie !!
All CLIENT'S FUNDS WILL BE SENT TO HIS OWN FOREIGN CURRENCY CALL ACCOUNT
NOTHING IS NEITHER SEGREGATED NOR ENTRUSTED
FXEthos's so called "segregated and entrusted funds and accounts for all clients "is lie !!
All CLIENT'S FUNDS WILL BE SENT TO HIS OWN FOREIGN CURRENCY CALL ACCOUNT
NOTHING IS NEITHER SEGREGATED NOR ENTRUSTED
1/06/2013
Maximum Client's Funds Safety !?
FXEthos says FX trading accounts with fully segregated trust accounts that offer fund safety.
But have a look at and read this
http://www.fxethos.com/funding_withdrawal_methods.php
ONLY ONE BANKING ACCOUNT FOR ALL CLIENTS TO FUND AND WITHDRAW ?
But have a look at and read this
http://www.fxethos.com/funding_withdrawal_methods.php
ONLY ONE BANKING ACCOUNT FOR ALL CLIENTS TO FUND AND WITHDRAW ?
HOW CAN FXEthos ENTRUST AND SEGREGATE CLIENT'S FUNDS AND ACCOUNT ?
| Bank Name | : | Bank of New Zealand |
|---|---|---|
| Bank Address | : | Alexandra, New Zealand |
| Account Number | : | 8064550007 |
| Swift Code | : | BKNZNZ22 |
1/05/2013
Here is a screen shot of the "original" top page of FXETHOS.COM
He said that he removed it for an aesthetic reason lol
p.s being a member of the FSCL does not mean that they are officially regulated in NZ as a forex brokerage,Karthik Subramanian deliberately confuses it.
12/31/2012
chatting with a support staff
Why do we have to open a live account and fund it in order to see the FSP registration # ?
08:14 jon greed: and when can FXEthos show us the FSP #
08:15 Melinda Clarke: Please open a live account with us and then you will be able to see the FSP# in the client area
08:15 jon greed: support@fxethos.com does not work for us
08:15 jon greed: why did you remove the logo from the top page
08:16 Melinda Clarke: Once you have funded your account, the page with the FSP# and other certificates will be enabled for you to view them
How come they can not show us the # on the top page ?
08:21 jon greed: you said you were registered the FSP, so you MUST provide the # as per request
08:22 Melinda Clarke: The FSP# is provided to all live account holders
08:23 jon greed: you must show us the # on the top page if you really registered member
08:23 jon greed: an adviser of the FSP said so.
08:24 Melinda Clarke: I am sorry but i am not aware of that
a whole transcription is uploaded here http://fp.io/93e98ba5/
08:14 jon greed: and when can FXEthos show us the FSP #
08:15 Melinda Clarke: Please open a live account with us and then you will be able to see the FSP# in the client area
08:15 jon greed: support@fxethos.com does not work for us
08:15 jon greed: why did you remove the logo from the top page
08:16 Melinda Clarke: Once you have funded your account, the page with the FSP# and other certificates will be enabled for you to view them
How come they can not show us the # on the top page ?
08:21 jon greed: you said you were registered the FSP, so you MUST provide the # as per request
08:22 Melinda Clarke: The FSP# is provided to all live account holders
08:23 jon greed: you must show us the # on the top page if you really registered member
08:23 jon greed: an adviser of the FSP said so.
08:24 Melinda Clarke: I am sorry but i am not aware of that
a whole transcription is uploaded here http://fp.io/93e98ba5/
12/13/2012
12/12/2012
they changed their fake office address
they changed their fake address lol
https://maps.google.com/maps?client=safari&oe=UTF-8&q=221A+Dominion+Road,+Auckland+1024,+New+Zealand&ie=UTF-8&hq=&hnear=0x6d0d47b673ed2c0f:0xcd449947d99e7cbe,219-221+Dominion+Rd,+Mt+Eden,+Auckland+1024,+New+Zealand&ei=XTXIUPLXIeOfmQWUo4CoBw&ved=0CC0Q8gEwAA
11/18/2012
11/11/2012
The Founder of FXEthos Karthik Subramanian Used To Run Another Scam Site
These screen shots show the scammer Karthik NS at mdiassetmanagement.com is the same Karthik guy at FXEthos.com
Screen Shots of MDI Asset Management,Linkedin and fxstreet.com
Karthik NS claimed to be an approved Deutsche Bank Asset Manager and an independent analyst at fxstreet.com.
compare these pics
Archived Page http://archive.is/ZY4Y
Review about MDI Asset Management
http://www.forexpeacearmy.com/public/review/mdiassetmanagement.com/managed_forex
Robert, London
| Rating: | |
| Date of Post: | 2009-11-04 |
| Review: | The website is totally false with fake live results. The account they mention online is not even live account. I got this checked by IBFX and they have told me that account number Account: 1559458 me: Karthik N S is a demo account. They talk about using Deutsche Bank Asset Manager but dont they realise that you need to have big funds. I would stay well away as I have heard bad things about this man. The results are fake and the profit is fake. Demo account that has probably been backtested and Karthik is looking for some poor person to test. Please stay away. They are very rude people and the website is full of lies. Does not even have a license. |
11/10/2012
profiles of three "directors" of Curowelth
Curowelth is one of his financial scam sites.
Have a look at his profile
Fund Manager N.S Karthik,has over 8 years of experience in forex trading marketand is currently managing growth funds for investment firms in both the UK and the US.He also works an analyst for various sites like fxstreet.com and www.fxinstructor.com as and when time permits.
He had been blogging at http://ns-karthik.blogspot.com with almost 400 visitors a day before embarking this venture.He had also in the IT Field for almost 11 years and has been the project manager for Discover Card inthe USA and AXA Life & pensions in the UK
Profile of Kartik Subramanian at http://www.fxinstructor.com/blog/what-are-supports-resistances
11/04/2012
11/02/2012
10/31/2012
10/25/2012
10/24/2012
10/17/2012
The founder received an invitation from his scam site ?
10/12/2012
10/07/2012
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