I'm quite new to online investing and I stumbled upon panamoney.net. After reviewing their investment plans I have invested a few hundreds of $. The profits have been good and high; I make an average of 1% daily on my principle.

Recently, I have read a whole lot about panamoney.net being a scam. Please I want to ask if anyone has had any form of physical contact with the company in Panama City, or does anyone know the people behind the company. Again, is it possible to make sure high profit in forex business, as I'm not a professional in that field.

Thanks in anticipating of your answers.

Answer
Whois Record

Registrant:
Panamoney Technologies, Inc.
Banking District, 50th Street,
Global Plaza Tower, 19th Floor, Suite H
Panama City n/a
Panama

Domain Name: PANAMONEY.NET
Created on: 23-Apr-08
Expires on: 24-Apr-18
Last Updated on: 21-Sep-08

Administrative Contact:
Montero, Fernando
Panamoney Technologies, Inc.
Banking District, 50th Street,
Global Plaza Tower, 19th Floor, Suite H
Panama City n/a
Panama
2021597 Fax --


There are a lot more reputable forex broker out there. Try search for it.

How can you tell if a stock is a forex?

i've been looking at a specific stock:

Portage Resources Inc POTG:OTCQB - PINK OTC MARKETS INC

how do i tell if its traded as a foreign exchange or over the U.S.?

the reason i wnat to know is because my broker charges $50 extra if the stock is :"Trades placed on the U.S. over-the-counter market"

will i be charged $50 extra for selling this stock?

Answer
Pink sheets is Over the counter US exchange...although some brokerages charge extra for that too.

It is extremely unwise to invest in such things. 97% of everything trading OTC is garbage and 99.999% of everything trading there for less than $1 is.