Isaf.Tech on Problem Status.
We just received a note from Isaf.Tech which appears to be saying that a hacker got onto their database and may have made it impossible for them to work with investor accounts — perhaps including the account of the hacker. The bottom line is that Isaf.Tech has stopped paying and EN has placed them on Problem status. Let’s hope they can straighten this issue out in the next few days. If they can’t, EN will have no choice than to list them as a Scam. So, for all you investors out there do NOT invest with Isaf.Tech unless they are removed from Problem status.
Update: Isaf.Tech moved to SCAM! Do not invest there anymore!
Ethtrade 2016 Financial Report.
Ethtrade has released its 2016 Annual report. You can download it here. I feel it is very candid as it does not hide the fact that their profits decreased as the months went by. For the first half of the year, their average monthly profit was 98.8% — which is truly remarkable. However, for the second half of the year, their average monthly profits were only 32.9% (Ethtrade only gave data for the first half of December. I doubled that amount to estimate the profit for the entire month.). With their standard investment program promising between 15 and 25% monthly return (and the new Top-Trade program promising up to 30%), I wonder how they will be able to survive. If their monthly profits continue at this low figure, they will have to decrease earnings to their investors. However, it may be possible that Ethtrade has income from other sources to help out when profit from trading gets low. I am sure that investors would love to hear more about that — to set their minds at ease.
People hope Ethtrade will live much and much longer than Isaf.Tech. Crossed my fingers!