Dear RGCX members,
This latest and important announcement will let all the members understand in details regarding RGCX's vision and mission in the future. We have believed that many members had making lots of cash and successfully succeed to those goals since RGCX has established in market (February 2012). Now, we will present to all members of our new unique product called EFTA.
Please read all-important information carefully, below;
1) Pending withdrawals:
All pending withdrawals will be sent out after RGCX has completed reviewing the RGCX INNER SYSTEM DATABASE. January 28th and above withdrawals will be back to normal at that time.
Currently, the RGCX Finance Department and the newly created RGCX Fraud Department are reviewing all the accounts. Due to the fact, that 30% of the total credits distributed within the RGCX System have been detected as being fraud credits. As you can imagine, the presence of the fraud credits became a large problem for RGCX, which had the potential to jeopardize the growth and stability of RGCX and its members. It was quite simple, the member would make payment in the form of cash for the so-called legal credits however since in reality the purchased so-called legal credit(s), emanated from the hackers the credit(s) were and in so-cases still are fraud credit(s) with the funds never reaching the company.
As a result of this discovery regarding the fraud credit(s) the RGCX Finance Department and the RGCX Fraud Department had to take immediate actions to eliminate all fraud credits within the RGCX System. Therefore the withdrawals were suspended until this matter was completed. All withdrawal will be sent after these RGCX Departments have completed investigating the inner database system of RGCX and eliminating these fraud credits of which we are presently working on at this time. RGCX Management has been informed as of January 5th, 2013, from the above departments that their research will conclude successfully such that 28th of January and above withdrawals will be back to normal at that time with the fraud credit situation concluded at that time. Withdrawals will be sending out and back to normal.
2) WHY THE "RGCX 15% RULE"?
RGCX initiated the "15% Limit Rule" on withdrawals as a short term solution to deter members from buying credits at a lower rate than the Current RGCX Credit Market Rate from other members, followed by requesting a Credit Withdrawal from RGCX/The Company. If this matter was not addressed immediately the purchase of credits at a lower than the current market rate by members and requesting a credit withdrawal adversely affect "The Company".
The "RGCX 15% RULE", was implemented for the short term.
The start date for the; "RGCX 15% RULE": December 15, 2012
The end of date for the; "RGCX 15% RULE": January 28, 2013
3) Why did RGCX initiate the "Negative EGTA Rule" as per the balance held in profit/lost section of each member's EGTA which does not allow direct withdrawals from the company?
We allowed all members the opportunity 10 months, from February 2012 through December 2012 to earns all bonus and profits of all EGTA member/depositor's accounts that incurred "negative" balances from trading in EGTA MT4.
We did NOT deduct these negative amounts from their ROI, Bonus and trading income. As a result of the EGTA member liability from the member to the company has increased greatly, which become a burden to the company. So, we are planning to neutralize this liability in all member's EGTA profit/lost pages that carry a "negative" balance, to bring all EGTA member accounts with "negative" balance into equilibrium.
However, before we neutralize the negative balances within the member's EGTA " from the credit balances we gave around 1 month for members to trade so as to bring their negative balances back into into equilibrium, before we deduct it from credit. Once the member EGTA meets the required minimum balance for direct company withdrawals, the company's direct withdrawal process will proceed.
The start date for the; "Negative EGTA Rule" is: December 22, 2012
The end of date for the; "Negative EGTA Rule" is: January 28, 2013
4) What is the status and future of the "ROI: awarded to EGTA Members/Clients?
As we announced and explained to all RGCX Members/Clients from the beginning of RGCX and the launch of the EGTA products, RGCX is a Forex Broker based and our product and service core, which is " Forex Trading and Commodity Trading".
EGTA was one of our advertising tools used to attract new members/clients so as to gain rapid growth in the short term. We offered and offer dividends and networking bonus, which no other brokers offer within their systems. This EGTA was and is our advertising strategy used to merge RGCX into the Global Market Place allowing for a huge client base within the short term.
This marketing and advertising plan proved to be effective for RGCX, resulting in more than 30,000 members/clients within a time frame of less than 1 year. So, the dividend and networking in EGTA are only promotional and have a limited time-period.
As of this period of time RGCX, has reached its next level of development, which is to acquire a Government Issued Regulated Forex Brokerage License for our system and company. This process was started months ago and a few details within the operation of RGCX had to be reorganized within our current system to go forward in acquiring the Forex License. One those details were elimination of the dividend offered within the EGTA. Therefore RGCX had to follow the rules and regulations so as to move RGCX forward to reach the next level of growth.
The EGTA Promotions are over soon. A Government body suggested that we to cease the dividend in EGTA. We need to start with a fresh new system to make sure the same problems that have occurred in the past do not happen again. We acquired a new and valuable education from the past few episodes within RGCX. As a result of our education and experience we learned a lot so as to ensure a win-win situation for the members and the company.
The termination date of the "EGTA Dividend" is: January 28, 2013
5) So is RGCX not going to offer dividends anymore?
RGCX will offer dividends again in EFTA. In EFTA a "Welcome Bonus Reward", will be offered, which complies with the rules and regulations of the Governmental Regulator we are working with regarding the regulatory license. So we need to present and formulate a new and fresh product base with a new system including new hierarchy in EFTA for RGCX Members and Clients.
6) What is the difference of the Dividend in EGTA and the "Welcome Bonus Reward" in EFTA?In EGTA the dividend is only a promotion with NO defined time frame as per return or as per how many months, years or etc., has been designated. EGTA is promotion-based products.
In EFTA, we will offer a "Welcome Bonus" for a certain period of time. Example: welcome bonus 0.01 oz of gold on every deposit of $100.00 USD held within the EFTA for 36 months. So in the EFTA as regulated we will provide a designated term regarding the "Welcome Bonus" return on deposit in months as opposed to the present situation with EGTA in that the dividend is only for promotional and marketing purposes and has no definite term.
The EFTA Program will be start on: March 15, 2013.
7) What happens to EGTA when EFTA is launched?
EGTA will still continue to run. No one will lose any money! The deposit/capital will still be there. When the member/client trades gold in "No Margin call" MT4 the capital will still remain the same like the current system we have now. If the member/client generates a profit they can withdraw through the company or transfer to another member as usual.
However the ROI will stop soon, therefore the only way to create profits for all EGTA account-holders will only be by trading gold from their no margin call account in mt4. We also will neutralize all mt4 EGTA profit/loss from credit before the ROI is discontinued in EGTA.
After the ROI has been discontinued within the EGTA, the profit/loss in EGTA will automatically reflect the credit balance. But, the capital will remain the same even though the members/clients trade and produce profit or loss. The "RGCX Negative Rule" in EGTA profit/loss page also will be removed because the EGTA mt4 profit/lost will reflect automatically into RGCX credit.
8) How to withdraw profit from MT4 EGTA trading?
All members/clients can request as usual to withdraw without any limitation if they receive profits from trading EGTA MT4 and the No margin call feature will remain. All withdrawals will be handled by our local agent based in every country that we have members/clients located in or from our segregated bank account in Panama.
9) Why have so many accounts been blocked due to fraud credit?As you may have noticed, our old script within the RGCX system was ASP created by a third party programmer in the early stages of the RGCX launch period and had many bugs and holes. I am sure most of clients has been offered in open market low rate of credit have experienced purchasing fraud credits before or have known members who have purchased fraud credits.
In November our-in-house systems programmer created and developed our own new PHP script system, in which the script is secure and provided with https/ssl encryption.As you can imagine, the presence of the fraud credits became a large problem for RGCX, which had the potential to jeopardize the growth and stability of RGCX and its members. It was quite simple, the member would make payment in the form of cash for the so-called legal credits however since in reality the purchased so-called legal credit(s), emanated from the hackers the credit(s) were and in so-cases still are fraud credit(s) with the funds never reaching the company. We can and did block some of the accounts but the fact is, the member is paying for the fraud credits but the company doesn't receive any of the funds, the hackers received the payment for the fraud credits from the members. RGCX perceived this to have a tendency to produce a bad image of the company if we were to block all the accounts that received the fraud credits and deposits which go into the EGTA Accounts. This is also one of the reasons why we must to stop the dividend within EGTA and focus on a new product EFTA with a new script and a fresh system as required by our Governmental Regulator Body. This fraud credit that was distributed and running among members was between 30%-40% of the total deposit in system. The presence of the fraud credits became a large concern for RGCX, which had the potential to jeopardize the growth and stability of RGCX and its members. It was quite simple, the member would make payment in the form of cash for the so-called legal credits however since in reality the purchased so-called legal credit(s), emanated from the hackers the credit(s) were and in so-cases still are fraud credit(s) with the funds never reaching the company.
As a result of this discovery regarding the fraud credit(s) the RGCX Finance Department and the RGCX Fraud Department had to take immediate actions to eliminate all fraud credits within the RGCX System. Therefore the withdrawals were suspended until this matter was completed. All withdrawal will be sent after these RGCX Departments have completed investigating the inner database system of RGCX and eliminating these fraud credits of which we are presently working on at this time. RGCX Management has been informed as of January 5, 2013, from the above departments that their research will conclude successfully such that 28th of January and above withdrawals will be back to normal at that time with the fraud credit situation concluded at that time. Withdrawals will be sent out and back to normal.
This fraud credit situation certainly brought a fast and effective education to RGCX. We have and will implement many new and overreaching security measures and systems, making sure to prepare a secure system with the New Launch of the EFTA Platform, such that we do not face this situation or similar situation in the future.
10) Why is a new hierarchy and new credit system required and not a transfer simply from EGTA?
The EGTA Promotions are over soon. A Government body suggested that we to cease the dividend in EGTA. We need to start with a fresh new system to make sure the same problems which have occurred in the past do not happen again. We acquired a new and valuable education from the past few episodes within RGCX. As a result of our education and experience we learned a lot so as to ensure a win-win situation for the members and the company.
Also within the EGTA program, some leaders took extreme advantage of their positions by only thinking and acting from themselves with no regard or consideration for the members they sponsored and the company which gave them many opportunities to become better off today than they were yesterday as a result of becoming a member in RGCX. Many of those leaders have since left RGCX to go and join another company and that is fine and RGCX as we supports all members and their decisions and well-being. Many of those leaders were very successful in the early days of RGCX, however when it came to being a real leader and attempting to make each person which the leader sponsored better off today than yesterday by taking responsibility for the training of all new members. It was easier for the leader to jump ship and join another company and attempt to persuade the existing members of RGCX to join the New Company in which the old leader had joined. It appears that leaders of that nature are not leaders but salesmen or saleswomen. These type of so-called leaders attempt to scorn and ridicule RGCX such that they can attract and gain attraction and attention from un-experienced members from RGCX to follow them in joining a new company. Remember RGCX is more than just a network marketing company.
I guarantee you (and I speak for a few) we, as the executive management do not want these types of leaders associated in our business and company. Especially as we prepare to launch the New EFTA Platform, and the additional benefits we will provide with more reliable products and services to members/clients. I say once again we as the executive management do not want to maintain a leader or leaders that talk behind our backs while benefitting from the opportunities which have been made available to them by the actions and efforts of RGCX. We appreciate true leaders that will work and grow with us and our members/clients in an integral, transparent and successful mode.
11) What are the features offered from the NEW EFTA product and service?11a) A new and dynamic trader cabinet which is much more attractive and secure, as an interactive system for EFTA. We also will have a new mt4 system ready in the web. This means members/clients can view Forex graphs, open, close and trade from the web with secure and sound firewall systems.
11b) Deposit: credit card, liberty reserve, pay-pal, wire transfer to our segregated bank account, web-money and few other options will be ready before launch of EFTA.
11c) Withdraw: our own identity logo debit card, liberty reserve, pay-pal, web-money, wire transfer from our segregated bank account directly into bank account, as well as a few other selections will be ready before launch.
11d) Mobile apps will be ready before launch and available at launch to trade in mobile smart-phones like iphone, ipad, blackberry and all android phones. We also will provide mobile version of trader cabinet for ease of use while the member "is traveling".
11e) Debit card from our segregated bank account with our logo to members and we will present the Debit card to the member that deposits XXXXX of amounts or more (TO BE DETERMINED IN USD).
11f) Fully Regulated Government Issued Forex Broker License from financial body for EFTA product.
11g) Master IB and IB system will be provided from The Company > Master IB > IB .This to ensure the credit rate will maintain the price. Master IB and IB we will receive help and assistance from The Company. The Company will legally prepare all appointment letters and required documentation for The Master IB's and IB's indicating that the subject Master IB's and IB's are legal official representative from our regulated broker and will fund and support events and other business related activities.
11h) "No Margin Call Trade" in EFTA with many instruments not only 1 like EGTA. This will a marked effect and will cause a Forex Industry Boom and EFTA will stand as a renowned leader in introducing and providing the "No Margin Call Trade" with the "Monthly Welcome Bonus Reward". The instruments are eur/usd, gbp/jpy, usd/jpy, gbp/usd, silver and gold.
11i) New Metatrader Platform System and server from MetaQuote with direct licensed software from them.
11j) EFTA will launch simultaneously in Europe, Asia, and The Middle East markets in early launch through our local representatives.
11k) We will offer new CRM support system and support team in EFTA 24/7 by phone and live.
12) How about unsubscribe MT4 EGTA?We will open the unsubscribe feature within mt4 EGTA when we launch EFTA.
The option available to unsubscribe in EGTA is: the capital will be put in Mini/Standard which will allow the member/client to trade Forex with 1:500 with all Forex pairs. Upon reaching profit the member/client can withdraw and if they experience a loss, the loss will reduce the margin.
This unsubscribe feature will be similar to the following: Convert from EGTA into normal Forex account the same as other brokerages.
CEO of Rapid Gold & Currency Exchange