{"id":917,"date":"2017-05-11T01:43:16","date_gmt":"2017-05-11T01:43:16","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=917"},"modified":"2017-07-27T17:34:23","modified_gmt":"2017-07-27T17:34:23","slug":"fexfund-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=917","title":{"rendered":"FexFund — Review"},"content":{"rendered":"

This program stopped PAYING! Do not invest there!<\/strong><\/p>\n

FexFund <\/a>went online just a week or so ago on April 28.\u00a0 It is the internet arm of Fex Trade LTD and handles investor funds that are used by the parent company in their cryptocurrency and Forex trading activities.\u00a0 According to their website, \u201cWe are investing mostly in crypto currencies, looking for great opportunities on their exchange rate fluctuation. These days value of crypto currencies can change rapidly, giving experienced investors a huge income. We are also trading on Forex market where there are still a lot of opportunities to maximize investor’s profit.\u201d<\/p>\n

\"FexFund.net\"<\/a><\/p>\n

FexFund <\/a>offers three different plans for the private investor.\u00a0 Following is a summary of them taken directly from the company website.\u00a0 I note that the summary is exceptionally clear; the investor doesn\u2019t have to struggle at all to understand how the plans work.\u00a0 This isn\u2019t always the case with other HYPs.<\/p>\n

Starter — 109% after 7 days<\/strong>
\nDeposit included
\nAt the end<\/strong>
\nAccrual included
\nAt the end<\/strong>
\nTotal Return
\n109% (9% Net)<\/strong>
\nUSD Amount
\n$ 10.00 – $ 500.00<\/strong>
\nBTC Amount
\n0.0100 BTC – 0.5000 BTC<\/strong>
\n\u00a0<\/strong><\/p>\n

Medium — 6% daily for 20 days<\/strong>
\nDeposit included
\nDaily<\/strong>
\nAccrual included
\nDaily<\/strong>
\nTotal Return
\n120% (20% Net)<\/strong>
\nUSD Amount
\n$ 25.00 – $ 5000.00<\/strong>
\nBTC Amount
\n0.0250 BTC – 5.0000 BTC<\/strong>
\n\u00a0<\/strong><\/p>\n

Investor — 5% daily for 30 days<\/strong>
\nDeposit included
\nDaily<\/strong>
\nAccrual included
\nDaily<\/strong>
\nTotal Return
\n150% (50% Net)<\/strong>
\nUSD Amount
\n$ 50.00 – $ 50000.00<\/strong>
\nBTC Amount
\n0.0500 BTC – 50.0000 BTC<\/strong><\/p>\n

As implied in the foregoing summary, you can invest in either US dollars or in Bitcoin.\u00a0 There is no conversion back and forth between them.\u00a0 So, changes in the exchange rate between the two currencies do not come into the picture at all.<\/p>\n

The first of the FexFund <\/a>investment plans, the Starter plan, is short term — only seven days — and pays 9% net profit at the end of the investment term.\u00a0 So, as an example, if you invested $100, you would get back $109 a week later.\u00a0 Interest is NOT paid daily; you have to wait till the end of the week to get paid.\u00a0 Nine percent in seven days is a reasonable rate.\u00a0 That comes to almost 1.3% per day if you prefer to think in terms of daily interest rates.\u00a0 As far as HYIPs go, this is a reasonable rate and one that could possibly be sustained for a long time.\u00a0 Oftentimes the interest rates offered in short term plans such as this are sky-high, a sure sign that the program won\u2019t last very long.<\/p>\n

\"FexFund.net\"<\/a><\/p>\n

The second and third investment plans are medium term, one running for 20 days and the other running for 30.\u00a0 The shorter one pays 6% interest per day while the longer one pays 5%.\u00a0 In both cases, your principal is included as part of your interest earnings which are paid to you on a daily basis.\u00a0 Let\u2019s do a numerical example to see how this works out.\u00a0 This time we\u2019ll put our $100 in the Medium plan paying 6% interest for 20 days.\u00a0 In this case you will earn $6 per day, giving a total return of $120 by the end of the 20 day period.\u00a0 Since your principal is included in this, your net profit is $20, which is 20% of the amount you invested.\u00a0 This all checks out with the summary above.\u00a0 In this plan, you would break even in 17 (100\/6) days, only three days before the end of the investment term.\u00a0 One final thing: since you earned 20% net profit in 20 days, this comes to 1% per day in case you like to translate everything to how much net profit you are earning on a daily basis.\u00a0 This is somewhat less than the short term plan which we looked at previously which calculated out to almost 1.3% per day.\u00a0 So, comparing the two plans, it would seem to be a better deal to use the short term plan three times, successively, giving a total of 21 days (just about the same as the Medium plan for 20 days).\u00a0 Three investments in the short term plan would give you a total net return of 27% (3 x 9%) compared to 20% for the Medium plan.<\/p>\n

Finally, let\u2019s take a quick look at the third plan, the Investor plan, which pays 5% per day for 30 days.\u00a0 First of all, still thinking about daily interest rates, notice in the chart that the net profit for this plan is 50%.\u00a0 Since the plan runs for 30 days, the effective daily profit is around 1.7% (50\/30).\u00a0 So, with everything translated to a daily basis, this is the most lucrative plan.\u00a0 As a note, it can sometimes be confusing to compare different investment plans.\u00a0 If possible, the key is to reduce all plans to the SAME BASIS — in this case, daily interest rate.\u00a0 So, even though the second plan offers a higher interest rate than the third, it isn\u2019t the better program because the investment terms are different too.\u00a0 OK, if we put our $100 in the third plan, we earn $5 per day and will break even in 20 (100\/5) days, a few days longer than the break even time for the Medium plan.\u00a0 However, since this plan runs for 30 days, there is another 10 days left during which you are making \u201cpure\u201d profit.\u00a0 So, the longer term is why the third plan is the most lucrative — even though the interest rate is lower.\u00a0 I hope this made sense as it is very important.\u00a0 A final point is that the minimum investment for all these plans is quite reasonable.\u00a0 So, no one is locked out of the most lucrative plan.\u00a0 This is frequently the case with many other HYIPs.<\/p>\n

As already indicated FexFund <\/a>operates in both US dollars and Bitcoin; it does not recalculate Bitcoins to dollars. When you invest with Bitcoin, you earn with Bitcoin and you withdraw Bitcoin. For dollars, you can use the PerfectMoney, AdvCash, and the Payeer payment systems.\u00a0 According to the FexFund <\/a>website, \u201call payments on the site are made instantly. If, for some reason, withdrawals cannot be made instantly (e.g. in cases of payment processor API outage) they will be paid out within 24 hours. You can also check your withdrawal history for payment batch ID\u2019s to track your payments.\u201d\u00a0 In the case of Bitcoin, there will be the inherent delays associated with the verification process.\u00a0 The minimum withdrawal amounts are $1 and 0.001 BTC.<\/p>\n

\"FexFund.net\"<\/a><\/p>\n

Any registered member of FexFund <\/a>can earn a 5% commission on deposits of people that he refers to the program.\u00a0 You do not have to have a deposit yourself in order to receive this benefit.\u00a0 This commission is raised to 10% for Representatives of FexFund<\/a>.\u00a0 Until just recently, you had to have an active deposit of $500 in order to qualify to become a Rep.\u00a0 However, recognizing that there are folks who are good recruiters and who may not want to invest themselves, this requirement was just removed.\u00a0 There are a number of other benefits of being a Rep as well as certain requirements in order to obtain this status.\u00a0 The following is taken from the very informative FAQ section of the FexFund <\/a>website:<\/p>\n

A representative is a person who is representing our site on the internet. It has several privileges and several required duties as well.<\/p>\n

Representatives privileges:<\/p>\n