FexFund Legit or Scam?
Trading backed investment fund
A trader I know has signed up to FexFund which offers short term investment opportunities offering high rates of interest. That is super appealing to anyone I know. My friend has made a loan and says they have paid out upon completion of the loan.
9% Net on a 7 day loan
They are offering a 9% net profit on a 7 day loan of at least $10. So if you loan them $10, at the end of the 7 day period, your going to get back $10.90. Honestly that's more interest then my savings account pays me all year having thousands of dollars in it.
20% Net on a 20 day loan
They are offering a 20% net profit on a 20 day loan, which is quite incredible. This plan requires at least a $25 deposit, and would net you back $30 at the end of the 20 day period.
50% Net on a 30 day loan
This loan would net you back a 50% profit on a 30 day loan. Forget about some of your money for a month and see it grow by 50% if pretty crazy if it works. It requires a $50 initial loan.
140% Net profit on 60 day loan
They are offering a 140% net profit on a 60 day loan. This loan requires a $500 initial loan, but would return $1,200. If you reinvested your return 6 times (for a year) you would return $95,551.
Is it a scam though?
seems too good to be true, but there are traders who can trade this good and better. Is it really worth it to them to share their profits with you, to be able to use your money? All ponzi schemes pay out in the beginning, this could be one, or it could be legit. It is hard to tell. From what I can tell FexFund is a very new website. Any information people can share would be greatly appreciated.
Just as a disclaimer I would like to point out that this is not investment advice. I am not currently invested in the FexFund platform, but am looking into the possibility. I hope this information was useful to you, and I would appreciate any information people have to share back with me about FexFund
My 3 withdraws
Fri, Jul 14th 2017, 23:37 0.12907040 BTC Bitcoin Completed
Sun, Jul 9th 2017, 23:55 0.01060050 BTC Bitcoin Completed
Fri, Jul 7th 2017, 08:50 0.10862620 BTC Bitcoin Completed
Thanks for sharing this!
How much did you invest to this site? Any return yet?
You would know if you had read my post
Wow, you weren't kidding - it is a new site. I just saw this on their website:
https://www.screencast.com/t/3kLbNGJ5aiQu
Your thoughts on reinvesting the 140% net return for 60 days sounds too good to be true (super tempting, tho). Hope you are able to find more information about it.
Yeah, my friend said he got paid out, but I haven't tried it yet. Been testing Bitconnect lending out. A lot of people say these sites are scams because sites like them have been scams in the past. That is not evidence of anything. I have never lost money on a trade (lost value but never closed for a loss), so I believe a bot could do better I am sure. The claims are not unrealistic, but you never know.
That's great news that you've never lost money on a trade (nor have been victim to a scam). It never hurts to get more information, do additional research. This crypto-currency field is still relatively new, so I'm sure the scams are out there.
Yes it does pay out, so far i have had 3 with draws paid to my wallet
Fri, Jul 14th 2017, 23:37 0.12907040 BTC Bitcoin Completed
Sun, Jul 9th 2017, 23:55 0.01060050 BTC Bitcoin Completed
Fri, Jul 7th 2017, 08:50 0.10862620 BTC Bitcoin Completed
My link to join, yes we get referral bonus'es
https://fexfund.net/?r=Cinderwulf
Cool!! I will definitely snag that link. I'm still focused on SteemIt for now, but will be looking at other crypto investment options soon.
I have followed you
Thanks!