The main problems of modern PAMM investors are in non-trading type markets. Trading risks are easily covered by the competent diversification of the investment portfolio. Not a single person saves all the money in one company, but even in such a situation this is almost always a big blow to investments.
Talk about non-payment to its investors by the Forex Trend company had an extremely early appearance. In April 2015, it became clear that this is not just a rumor spread, but a reality.
What happened to the Forex Trend?
Forex Trend doesn't pay or pays? This question touched a large number of people and became the topic of many conversations. But still there are those participants in the system who have remained aloof. It is for those who now presented a chronology of events and consequences.
- Somewhere at the end of December 2014, Pantheon Finance begins not to cope with its responsibilities in matters of withdrawing funds and executing client applications. So the first reports that the "Forex Trend" does not pay appear.
- In January, namely the 27th of the same year, the 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 more than a "big brother". Pantheon Finance is popularized among customers.
- Some information appears on the official forum about canceling the time limit for withdrawing funds for an incomprehensible duration. It happened on February 1, 2014.
- On the eighth day after this event (02/08/2014), the company cancels the application. Explanations about the withdrawal of funds were removed from the Forex Trend pages. Pantheon Finance does not pay - it has become obvious.
At that time, when the above note was written, more than 100 thousand applications from clients were received for receiving money, which, as explained, pass through a certain “hidden” mechanism every night. To ensure the truth of these words, tables were given that confirmed the payment of amounts in a very wide range (from 600,000 to $ 1,000,000). Thus, the collapse of the pyramid Forex Trend hard trying to hide. Naturally, this would be a good excuse, if not for one fact. The 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 the reality.
What can be said about actual events?
There were no payments that they so wanted to impose in the theoretical version. Many people have suffered because Forex Trend does not pay, and money has not been withdrawn over the next two weeks.
Of course, as life shows, there are no hopeless situations , and therefore there was a way out of this. Many of those who were deceived created new applications for themselves, namely, the Fx-Trend corporate card, which was advertised while the best and most convenient way to withdraw funds. Note: applications were submitted for small amounts, that is, up to $ 500. How to act in this situation, if the "Forex Trend" does not pay, and the amount is much larger?
Now everything is absolutely contrary to the idea of the company's responsibility, but I would like to believe that this will not last long.
Forex Trend does not pay: why are investors panicking?
First of all, information appeared on the Internet about blocking the company's WM-wallet due to the fact that the policy of this electronic payment system does not work with financial institutions that have a dubious reputation. In fact, some time ago the WebMoney system ceased to cooperate with Forex brokers and is currently reviewing relations with brokers already registered in it.
In addition to the problems with the above electronic wallets, investors began to experience difficulties with other companies. So, the OnlyMoney system stopped withdrawing funds without first identifying users. Then X-Change and Privchange stopped their work, announcing the actions of scammers. Subsequently, it was stated that these financial institutions are in the process of liquidation and do not work for this reason. Currently, X-Change has restored its work and is engaged in the payment of funds.
What is the current situation?
Periodically, the "Forex Trend" withdraws money. This is done on the Ex-Change service, which does not cause any problems. This company is not a financial pyramid.
At the same time, representatives of the Forex Trend say that many obligations towards investors are being fulfilled, and there is no reason to spread rumors that the company has financial problems. If you believe the administration of the company, at the beginning of 2015 there were some delays, and in April everything was already normal. In fact, the Forex Trend almost does not withdraw funds at the present time.
What is the forecast?
Now there is no ideal guarantee that this will always be the case or the situation will change for the better. There is a risk that at one point payments may not become at all. In simple terms, the Forex Trend does not pay, and it is not known whether it will pay in the near future.
At the same time, investors themselves in 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 load on the financial department of the company and complicates its correct operation.
What can be done to avoid such problems in the future?
- Remember once and for all that money should be in different offices.
- Wait a while. It is pointless for anyone to write complaints until the situation normalizes.
- Search for new options. Good income at the present time can be obtained on a lot of resources, especially when taking loans for arbitration.
But still, it is not recommended to refuse to cooperate with Forex Trend in full. To reduce the risk, there is simply no need to keep all your savings in it. However, it is better not to rush to withdraw funds already invested.
What could be the consequences for the company?
If a company is really unable at some point to pay money, then this 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 investment, then the flurry of emotions in the media will be huge.
You should not even react and pay attention to isolated negative reviews. But you still need to think.
And most importantly - you should look for options for a successful investment! And do not despair if you have lost a significant amount of money. You must continue to do the work in the same spirit and make further earnings with the help of new investments.