This is SCAM project already! Do not invest there anymore!
Legend Investment is based in England and appears to have been in business for around 20 years. Only recently have they gotten involved with trading of cryptocurrencies. Previously, they concentrated on trading on the Forex market. They claim to have a team of traders from the US, Russia, and Hong Kong (which explains the choice of translations of their website that are available!).
Legend Investment has a very unusual investment plan. Its uniqueness and oftentimes confusing language made it difficult to understand at first (their US trader should have checked the English version of the website before it was published!). The most unique feature of the investment plan is that the daily interest that is paid INCREASES as time goes by. Initially it is only 1%. But, gradually, this increases to 3% on the 301st day of the plan. The sequence of interest changes looks like this:
0 – 25 days, 1%
26 – 75 days, 1.5%
76 – 150 days, 2%
151 – 300 days, 2.5%
301 and up days, 3%
So, the longer your investment sits, the greater your return.
There is only one investment plan and it applies to investments of all sizes. The minimum investment is $10. I don’t think there is a limit.
In addition, there is no “term” to the investment plan. It appears that, as long as your investment is there, it will continue to earn interest for you. So, this is definitely a long-term investment plan. Interests are minimal to start with and become sizable as the months go by. However, it is worth mentioning that the initial interest rate of 1% per day (7% per week) is actually quite respectable. It’s certainly a lot more that you can earn in your bank savings account!
Another unusual feature of this investment plan is that you can add to your investment at any time and it will be paid the interest rate corresponding to the time frame of your INITIAL investment. In the FAQ the following example is given:
“You can invest 10 dollars and add another $2,000 after 3 months – in this case, you will earn 2% daily.”
So, to avoid risk, a person might invest the minimum of $10, wait 300 days, and then invest a larger more serious amount and earn 3% interest on it right away. Assuming the program is around for 300 days, that would seem like the way to go as you will be earning three times the initial interest rate of 1%. And, you would be putting your larger investment at risk for a much shorter time.
A very confusing part of the investment plan is that the website gives CONTRADICTORY information concerning whether or not a person’s principal is returned. At one point, the website states that “Deposit can’t be withdrawal.” At another point it states that “the value of the penalty for early withdrawal of the deposit, depends on the number of days during which your deposit is active.”
So, which is correct? I hope that the Admin of Legend Investment will come forward and clarify this point quickly. Until he does, a person would be ill-advised to invest in this program as whether or not your principal is returned is a major factor in determining your earnings. Emily News will contact the Admin for clarification and his comments will be added to this review.
Lacking this information, it is difficult to do an income projection for this program. However, in spite of this, let’s give it a try as the varying interest rates make it challenging to predict income from this program. Here’s the way things would work out for an investment of $100:
0 – 25 days, 1%. Interest per day = $1. Total interest = $25
26 – 75 days, 1.5%. Interest per day = $1.50. Total interest = $37.50
76 – 150 days, 2%. Interest per day = $2.00. Total interest = $150
151 – 300 days, 2.5%. Interest per day = $2.50. Total interest = $375
301 and up days, 3%. Interest per day = $3.00.
So, looking at these numbers, after 75 days, you would have earned $62.50 (25 + 37.50). You would still need $37.50 (100 – 62.50) to break even. You are now in the 2% interest bracket earning $2 per day and you would need another 19 days to earn this amount (37.5/2). So, the total number of days to break even would be 94 days (75 + 19) or around three months. This would, of course, apply to any size investment. I use $100 as an example because the numbers are very easy to follow.
Of course, all this is complicated by not knowing yet whether or not your initial investment will be returned. Let’s hope that the Admin of the program comes forward and clarifies this issue.
The time to process withdrawals can be up to 48 hours, but VIP investors (those who invest $3,000 and up) are promised instant withdrawals. This is actually an interesting promise as it is usually the larger withdrawals that are more apt to experience delay. Perhaps Legend Investment has this issue worked out? VIP investors also get a number of other “perks,” including “access to a private chat for VIP investors. The moderator is a senior project manager.” The minimum withdrawal is an amazingly low $.01.
You can make an investment/withdrawal using the following payment processors: Bitcoin, PerfectMoney, Advcash, Payeer.
Legend Investment has a very attractive Affiliate program. Your commissions are determined in two ways. The first depends on the size of the investments of your downline. This would appeal to the person who has a very small (or zero) investment with the company but is a very active recruiter. These commissions can be as high as 20% for active recruiters. I have not heard of commissions this high before. However, this rate might be very difficult to achieve as it requires that deposits of a person’s direct referrals be $30,000 or greater. I believe that “direct referrals” means people in the first level below you in your downline. Referral commissions in this case are as follows:
Rank | 1 level | 2 level | 3 level | Total of direct referrals |
1. Beginner | 7% | 2% | 1% | $0 |
2. Agent | 12% | 2% | 1% | $1,000 |
3. Representative | 15% | 2% | 1% | $5,000 |
4. Partner | 18% | 2% | 1% | $15,000 |
5. Director | 20% | 2% | 1% | $30,000 |
An alternative way to earn these large referral commissions is by increasing the amount of your own investment. In this case, you can earn the 20% commission if you have an investment of $3,000 or more. Referral commissions for this case are:
Rank | 1 level | 2 level | 3 level | Deposit amount |
1. Beginner | 7% | 2% | 1% | $10 |
2. Agent | 12% | 2% | 1% | $250 |
3. Representative | 15% | 2% | 1% | $800 |
4. Partner | 18% | 2% | 1% | $1,500 |
5. Director (VIP) | 20% | 2% | 1% | $3,000 |
Contact with Legend Investment is by means of email or the standard request form. I suspect that both of these go to the same place. Legend Investment also has chat support. I sent a simple message and verified that someone is on the other end to answer questions. However, I didn’t ask any myself; I just wanted to verify the availability of this type of support.
All in all, Legend Investment offers a very unique investment plan that may be attractive to some of you out there. Perhaps you might want to add it to your investment portfolio. However, I would hold off on making an investment until we receive clarification from the Admin as to whether or not your investment will be returned. Please stand by for more information on that!