{"id":402,"date":"2017-03-02T09:51:55","date_gmt":"2017-03-02T09:51:55","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=402"},"modified":"2017-04-11T05:14:24","modified_gmt":"2017-04-11T05:14:24","slug":"legend-investment-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=402","title":{"rendered":"Legend Investment — Review"},"content":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore!<\/strong><\/p>\n

Legend Investment<\/a> is based in England and appears to have been in business for around 20 years.\u00a0 Only recently have they gotten involved with trading of cryptocurrencies.\u00a0 Previously, they concentrated on trading on the Forex market.\u00a0 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!).<\/p>\n

Legend Investment<\/a> has a very unusual investment plan.\u00a0 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!).\u00a0 The most unique feature of the investment plan is that the daily interest that is paid INCREASES as time goes by.\u00a0 Initially it is only 1%.\u00a0 But, gradually, this increases to 3% on the 301st<\/sup> day of the plan.\u00a0 The sequence of interest changes looks like this:<\/p>\n

0 \u2013 25 days, 1%<\/p>\n

26 \u2013 75 days, 1.5%<\/p>\n

76 \u2013 150 days, 2%<\/p>\n

151 \u2013 300 days, 2.5%<\/p>\n

301 and up days, 3%<\/p>\n

So, the longer your investment sits, the greater your return.<\/p>\n

There is only one investment plan and it applies to investments of all sizes.\u00a0 The minimum investment is $10.\u00a0 I don\u2019t think there is a limit.<\/p>\n

In addition, there is no \u201cterm\u201d to the investment plan.\u00a0 It appears that, as long as your investment is there, it will continue to earn interest for you.\u00a0 So, this is definitely a long-term investment plan.\u00a0 Interests are minimal to start with and become sizable as the months go by.\u00a0 However, it is worth mentioning that the initial interest rate of 1% per day (7% per week) is actually quite respectable.\u00a0 It\u2019s certainly a lot more that you can earn in your bank savings account!<\/p>\n

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.\u00a0 In the FAQ the following example is given:<\/p>\n

\u201cYou can invest 10 dollars and add another $2,000 after 3 months – in this case, you will earn 2% daily.\u201d<\/p>\n

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.\u00a0 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%.\u00a0 And, you would be putting your larger investment at risk for a much shorter time.<\/p>\n

A very confusing part of the investment plan is that the website gives CONTRADICTORY information concerning whether or not a person\u2019s principal is returned.\u00a0 At one point, the website states that \u201cDeposit can’t be withdrawal.\u201d\u00a0 At another point it states that \u201cthe value of the penalty for early withdrawal of the deposit, depends on the number of days during which your deposit is active.\u201d<\/p>\n

So, which is correct?\u00a0 I hope that the Admin of Legend Investment<\/a> will come forward and clarify this point quickly.\u00a0 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.\u00a0 Emily News<\/em> will contact the Admin for clarification and his comments will be added to this review.<\/p>\n

Lacking this information, it is difficult to do an income projection for this program.\u00a0 However, in spite of this, let\u2019s give it a try as the varying interest rates make it challenging to predict income from this program.\u00a0 Here\u2019s the way things would work out for an investment of $100:<\/p>\n

0 \u2013 25 days, 1%. \u00a0Interest per day = $1.\u00a0 Total interest = $25<\/p>\n

26 \u2013 75 days, 1.5%.\u00a0 Interest per day = $1.50.\u00a0 Total interest = $37.50<\/p>\n

76 \u2013 150 days, 2%.\u00a0 Interest per day = $2.00.\u00a0 Total interest = $150<\/p>\n

151 \u2013 300 days, 2.5%.\u00a0 Interest per day = $2.50.\u00a0 Total interest = $375<\/p>\n

301 and up days, 3%.\u00a0 Interest per day = $3.00.<\/p>\n

So, looking at these numbers, after 75 days, you would have earned $62.50 (25 + 37.50).\u00a0 You would still need $37.50 (100 \u2013 62.50) to break even.\u00a0 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).\u00a0 So, the total number of days to break even would be 94 days (75 + 19) or around three months.\u00a0 This would, of course, apply to any size investment.\u00a0 I use $100 as an example because the numbers are very easy to follow.<\/p>\n

Of course, all this is complicated by not knowing yet whether or not your initial investment will be returned.\u00a0 Let\u2019s hope that the Admin of the program comes forward and clarifies this issue.<\/p>\n

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.\u00a0 This is actually an interesting promise as it is usually the larger withdrawals that are more apt to experience delay.\u00a0 Perhaps Legend Investment<\/a> has this issue worked out?\u00a0 VIP investors also get a number of other \u201cperks,\u201d including \u201caccess to a private chat for VIP investors. The moderator is a senior project manager.\u201d\u00a0 The minimum withdrawal is an amazingly low $.01.<\/p>\n

You can make an investment\/withdrawal using the following payment processors: Bitcoin, PerfectMoney, Advcash, Payeer.<\/p>\n

Legend Investment<\/a> has a very attractive Affiliate program.\u00a0 Your commissions are determined in two ways.\u00a0 The first depends on the size of the investments of your downline.\u00a0 This would appeal to the person who has a very small (or zero) investment with the company but is a very active recruiter.\u00a0 These commissions can be as high as 20% for active recruiters.\u00a0 I have not heard of commissions this high before.\u00a0 However, this rate might be very difficult to achieve as it requires that deposits of a person\u2019s direct referrals be $30,000 or greater.\u00a0 \u00a0\u00a0I believe that \u201cdirect referrals\u201d means people in the first level below you in your downline.\u00a0 Referral commissions in this case are as follows:<\/p>\n\n\n\n\n\n\n\n\n
Rank<\/td>\n1 level<\/td>\n2 level<\/td>\n3 level<\/td>\nTotal of direct referrals<\/td>\n<\/tr>\n
1. Beginner<\/td>\n7%<\/td>\n2%<\/td>\n1%<\/td>\n$0<\/td>\n<\/tr>\n
2. Agent<\/td>\n12%<\/td>\n2%<\/td>\n1%<\/td>\n$1,000<\/td>\n<\/tr>\n
3. Representative<\/td>\n15%<\/td>\n2%<\/td>\n1%<\/td>\n$5,000<\/td>\n<\/tr>\n
4. Partner<\/td>\n18%<\/td>\n2%<\/td>\n1%<\/td>\n$15,000<\/td>\n<\/tr>\n
5. Director<\/td>\n20%<\/td>\n2%<\/td>\n1%<\/td>\n$30,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

An alternative way to earn these large referral commissions is by increasing the amount of your own investment.\u00a0 In this case, you can earn the 20% commission if you have an investment of $3,000 or more.\u00a0 Referral commissions for this case are:<\/p>\n\n\n\n\n\n\n\n\n
Rank<\/td>\n1 level<\/td>\n2 level<\/td>\n3 level<\/td>\nDeposit amount<\/td>\n<\/tr>\n
1. Beginner<\/td>\n7%<\/td>\n2%<\/td>\n1%<\/td>\n$10<\/td>\n<\/tr>\n
2. Agent<\/td>\n12%<\/td>\n2%<\/td>\n1%<\/td>\n$250<\/td>\n<\/tr>\n
3. Representative<\/td>\n15%<\/td>\n2%<\/td>\n1%<\/td>\n$800<\/td>\n<\/tr>\n
4. Partner<\/td>\n18%<\/td>\n2%<\/td>\n1%<\/td>\n$1,500<\/td>\n<\/tr>\n
5. Director (VIP)<\/td>\n20%<\/td>\n2%<\/td>\n1%<\/td>\n$3,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Contact with Legend Investment<\/a> is by means of email or the standard request form.\u00a0 I suspect that both of these go to the same place.\u00a0 Legend Investment also has chat support.\u00a0 I sent a simple message and verified that someone is on the other end to answer questions.\u00a0 However, I didn\u2019t ask any myself; I just wanted to verify the availability of this type of support.<\/p>\n

All in all, Legend Investment<\/a> offers a very unique investment plan that may be attractive to some of you out there.\u00a0 Perhaps you might want to add it to your investment portfolio.\u00a0 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.\u00a0 Please stand by for more information on that!<\/p>\n","protected":false},"excerpt":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore! Legend Investment is based in England and appears to have been in business for around 20 years.\u00a0 Only recently have they gotten involved with trading … Legend Investment — Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-402","post","type-post","status-publish","format-standard","hentry","category-reviews","exalt-entry"],"yoast_head":"\nLegend Investment - Review - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=402\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legend Investment - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This is \u00a0SCAM project already! 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