The main problems of modern PAMM investors are non-trading markets. Trading risks are easily covered by competent diversification of the investment portfolio. No one saves all the money in one company, but even in such a situation, this is almost always a big blow to the investment.
Talks about non-payment of their investors by the company "Forex Trend" had an extremely early appearance. In April 2015, it became clear that this was not just a rumor, but a reality.
What happened to "Forex Trend"?
Forex Trend not paying or paying? This question touched a large number of people and became a topic for many conversations. But still there are those participants in the system who remained on the sidelines. It is for those that the chronology of events and consequences is now presented.
- Somewhere at the end of December 2014, Pantheon Finance begins to fail to cope with its obligations in matters of withdrawing funds and executing client requests. This is how the first reports appear that Forex Trend is not paying.
- In January, namely the 27th,the same year, a so-called “technical failure” occurs, which blocks the creation of new and the use of existing withdrawal requests.
- There is information that the financial pyramid "Forex Trend" is nothing but a "big brother". "Pantheon Finance" is popularized among customers.
- On the official forum there is some information about the abolition of the time limit for the withdrawal of funds for an incomprehensible duration. It happened on February 1, 2014.
- On the eighth day after this event (2014-08-02), the company cancels applications. Withdrawal explanations have been removed from the Forex Trend pages. "Pantheon Finance" does not pay - it became obvious.
At the time the above note was written, there were over 100,000 customer requests for money, which, as explained, go through some "hidden" mechanism every night. To be sure of the truth of these words, tables were given, which confirmed the payment of amounts in a very wide range (from $600,000 to $1,000,000). Thus, the collapse of the Forex Trend pyramid was hard to hide. Naturally, this would be a good excuse, if not for one fact. Two main forums claim that they were forced to cancel all applications (remember about 02/08/14) due to the creation of a certain algorithm that generates additional fraudulent applications, that is, virtual ones, which became the basis for daily reports, and clearly exaggerated reality.
What about the actual events?
There were no payments that they so wanted to impose in the theoretical version. Many people suffered because Forex Trend did not pay, and the money was not withdrawn for the next two weeks.
Of course, as life shows, there are no hopeless situations, and therefore a way out of this one was found. Many of those who were deceived created new applications for themselves, namely for the Fx-Trend corporate card, which was advertised at that time as the best and most convenient means for withdrawing funds. Note: applications were submitted for small amounts, that is, up to $500. How to act in this situation, if "Forex Trend" does not pay, and the amounts are much larger?
Things are totally against the idea of corporate responsibility right now, but hopefully it won't last long.
"Forex Trend" does not pay: why are investors panicking?
First of all, information appeared on the Internet about the blocking of the company's WM-purse due to the fact that the policy of this electronic payment system does not work with financial organizations that have a dubious reputation. In fact, some time ago, the WebMoney system stopped cooperating with Forex brokers and is currently reviewing relations with brokers already registered in it.
In addition to the problems with the above e-wallets, investors began to experience difficulties with other companies. Yes, the systemOnlyMoney has stopped withdrawing funds without prior identification of users. Then X-Change and Privchange stopped their work, declaring the actions of scammers. Subsequently, it was announced that these financial institutions are in the process of liquidation and do not work precisely for this reason. Currently, X-Change has restored its work and is engaged in the payment of funds.
What is the situation today?
Periodically money is withdrawn from "Forex Trend". This is done on the Ex-Change service, which does not cause any problems. This company is not a pyramid scheme.
At the same time, representatives of "Forex Trend" say that many obligations towards investors are being fulfilled, and the spread of rumors that the company has financial problems has no grounds. According to the company's administration, at the beginning of 2015 there were some delays, and in April everything returned to normal. In fact, "Forex Trend" almost does not withdraw funds at the present time.
What is the forecast?
Now there is no perfect guarantee that this will always be the case or that the situation will change for the better. There is a risk that at one point payments may not be at all. In simple terms, "Forex Trend" does not pay, and it is not known if it will pay in the near future.
At the same time, investors themselves inin some way contribute to the deterioration of the situation by urgently withdrawing all their deposits in a divided form (by applications for insignificant amounts). This increases the workload of the financial department of the company and complicates its correct work.
What can be done to avoid such problems in the future?
- Remember once and for all that the money must be in different offices.
- Wait a while. It is pointless to write complaints to anyone until the situation returns to normal.
- Search for new options. A good income at the present time can be obtained on many resources, especially when taking loans for arbitration.
But still it is not recommended to refuse cooperation with "Forex Trend" completely. To reduce the risk, it is simply not necessary to keep all your savings in it. However, it is better not to rush to withdraw already invested funds.
What could be the implications for the company?
If the company is really unable to pay money at some point, then it will be a very big information explosion in the media and on forums of various types. If you pay attention to the fact that at this moment the company holds a significant amount of investments, then the flurry of emotions in the media will be huge.
You should not even react and pay attention to single negative reviews. But you still need to think.
And most importantly, you should start looking for options for successful investments! And there is no need to despairif you have lost a significant amount of money. You must continue to do the same work and make further income through new investments.
