First thoughts on EQTrade.

EQTrade just began a “Silver” listing on the EmilyNews Monitor.  They have been online for roughly one week and the company claims to generate its revenue by means of trading cryptocurrencies.  According to their website,

We are involved into cryptocurrency trading on exchanges while using different methods, including from manual or automatic coin trading to a complicated exchange arbitration and derivative financial contracts. Constant cryptocurrency trading methods and investment protection measures improvement provides a great chance to elaborate new technologies and models for competent management of our clients’ trusted assets.

For the investor, EQTrade offers three investment plans.  All of them pay interest on a daily basis and return your investment as part of your earnings (the best type of investment plan).  Daily returns run from 4% up to 6% and the length of the investment period varies from 50 days down to 30 days, the longer-term period corresponding to the lower interest —- and vice versa.  Something that strikes me about the investment plans is that the minimum investment limits are rather high, perhaps prohibitively high — at least for the two higher interest plans.

When we review the EQTrade program a few days from now, we will discuss its pros and cons in detail and try our best to come to some conclusions concerning its suitability as a source of passive income for the online investor.  Please stand by for our review…    

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