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
