First Thoughts on Currency Global.
We just began a “Silver” listing for Currency Global on the EmilyNews monitor.
According to the company’s website,
Currency Global is an online platform of the international investment company CG-Invest LTD, registered in the United Kingdom. The company’s income is formed by investing in exchange-foreign ooperations through points and express-exchange terminals located in more than 20 countries around the world. The company has been developing rapidly since 2006 and expanding the investment network every day in different parts of the world. In 2017, the company significantly scaled its investment activity with the launch of the online platform Currency Global. With the launch of the online platform, participation in the company’s investment activities became available not only for European investors, but also for Russian-speaking investors in Russia and the CIS. The main income of the platform and investors is formed on commission when investing in foreign exchange operations, as well as in buying and selling currency in the world’s largest financial centers.
Opening of the online investment platform Currency Global took place on September 22, 2017. Thanks to the opening of the investment platform, the profit of the investment holding CG-Invest LTD grew by 9.5%. The growth in profits was facilitated by an increase in the investment flow, which in turn increased the volume of the company’s currency fund and the number of investments made in exchange-foreign exchange operations.
Unfortunately, this description of the company’s history doesn’t completely match up with the story painted by the company’s incorporation papers that are included in the website. Yes, it is true that the company was incorporated in 2006. However, these papers indicate that the company was DORMANT at least through 2016. Ten years. “Dormant” means that the company didn’t conduct any business; it existed on paper only. There is additional confusion as to who is running the company. The incorporation papers list a German citizen, Andreas Scholtz, as the sole director of the company and also the sole shareholder — a one man show (Please see HYIP Insights #17 for an article entitled “The One Man Show”). However, the introductory video that appears on the website is narrated by a man who introduces himself as James Palmer, the Executive Director of the company. Does Mr. Scholtz have an executive director working under him? The information concerning the company’s administration leaves a lot to be desired. My feeling is that it is better for an online company to say nothing rather than to provide information that is self-contradictory.
Well, enough about this. If you can live with this “Legend” (See HYIP Insights #6 for an article entitled “The HYIP “Legend”), then you might want to consider taking advantage of one of the Currency Global investment plans. There are four of them and all of them are “perpetual” and pay you earnings on a daily basis. That’s the term we use to describe an investment plan that provides earnings until the program ultimately closes its doors. This is a nice idea IF the company can sustain the interest payments. We have to remember that there is no relief for the company in this situation; its financial obligations just grow and grow. It has to have an exceptionally dependable source of income in order to survive.
Here are the interest rates and investment limits for the four Currency Global investment plans:
Start
2%/day
$10 – $999
Basic
2.5%/day
$1,000 – $4,499
Premium
3.0%/day
$4,500 – $9,999
VIP
3.5%/day
$10,000 – $200,000
You can see that the interest rates are quite attractive, while still not being obscene. In fact, since your investment is being returned as part of your earnings, your effective NET interest will be significantly lower than these “advertised” rates. And, then there is the big unknown issue of not knowing how long the program will survive. So, there is a lot to think about when investing in this type of program. We will try our best to answer these questions in our forthcoming review of the Currency-Global program. You can expect that to be in print within the next two or three days. Please stay tuned…
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