I agree with the government , it has take people’s economical sense out of proportion , we ordinary people look at investments that brings a 20-25% profit a year,( good investment) , but when the economical study go out of mind and distributes that same percentages in a month then there is something wrong going on , and the problem is that people here never learn , several cases took place where a matrix like company takes a flee after collecting millions , and guess what ? the economical crimes law gives the district attorney the right to negotiate and bargain with the criminal to bring back some of the money… if you don’t believe me i will send you the law.

This is what i think happened to matrix;
they had a low quality legal advise when they faced the wall of licensing , they declared voluntary liquidation and BOMB here they come with black out fits and sticks to take them where they belong.
I think trading in forex is a good thing , we get to look at a window of numbers where we can see how the world is moving , i tried it alone and it gave me so much experience and knowledge (like Basem’s comment ) which i am using till this day , but again , the law that was issued last month for these entities was devastating for them, so this was expected , some declared liquidation some just left the country after giving the people their money , and some went to jail because they pushed the wrong button.
Here is some free information ;
you can always trade in forex alone and for some relatives ,
you can always trade as a company if you were a foreign company not a Jordanian one ???
You can always Trade and never get caught.
you can trade as company that works in Amman Stocks exchange market and is registered for that matter.
and if u ask me how i know that , it is because the law says so . again anyone who needs to read the Law i am willing to send it to him/her
God bless Neo when he comes, i dont think he will need money

sometimes i wonder if he makes the pieces you post for you, or if you make posts according to what he does! you should work together:)

Alas, our ever so oblivious folks want an exponential growth, they want their 5,000 JD worth of savings to give them an imaginary return in excess of 2 digit percent (9% +), so they’d go to the extent of selling their KIA bus, their wife’s gold and probably take a bank loan to go and invest around.
And given that our fragile economy have an intrinsic feature built-in to it, which is the Shawerma copy-paste effect, be it Shawerma shacks, pizza joints, mobile operators …etc once a business show signs of success, others will follow like herds, experienced or not, they’ll suddenly flourish (and eventually demise), consumers wouldn’t mind because they hardly differentiate between genuine offerings and a good copycat one that lacks substance.

Enter money investing companies, whether the gov’t lagged behind in regulating them or not, the individuals of our societies flocked-in, dazzled by the returns promised and not making a simple background such as a mere company-registration certificate or municipality license, rarely are the offers matched with any educated information sheet or portfolios!

Rather, a chain of networked-trust in which Abu-3lewa recommends il Masfoufa to Abu-Sa3eed his neighbor as he made (an exaggerated return) that exceeds 20% in less than a month!!! Along with a credibility factor based on the fact that the aforementioned company has 14 branches one of which is New York…. beat that; they must be legit!

So its usually the case, its a failure upon us, the individuals comprising our society, our consent is always exhibited by being herds that goes astray knowingly and premeditatedly, although i don’t open saving accounts in banks, but what happened to good old saving accounts at traditional banks (put aside the sharia decree here) what happened to reputable mutual funds and investment companies that offer realistic and credible investment opportunities in an educated manner (arguably). No, us Jordanians want quick unrealistic returns, to keep buying expensive mobile phones, pay its monthly bills, fill up our cars with petrol for unnecessary trips (rather than scoots), lighting up our homes with non-energy-saving bulbs, spend excessively on social occasions… Each and every individual is accountable, we’re our own protectors, and thus we’re to blame, especially those who sold REAL assets or took out loans to invest… utter stupidty that one can’t plead ignorance out of!!!

How can you protected people from fraud YET allow the freedom of contract? it’s a tough one.

As if we need another reason to lose confidence in the investment atmosphere in Jordan!