“Good cannot be eternal,” say philosophers, “otherwise, the world would be ideal.” This life axiom comes to one’s mind after the “Market Leader” statement that PrivateFX broker company will soon announce about suspension of its program "1+1" for ex-clients of Forex Trend company, which has been developed and effected by PrivateFX to rescue their deposits in the Forex company that turned bankrupt in 2015.
"April 2016 can become the last month for former clients of Forex Trend, when they can benefit from the program "1+1"; top-management of PrivateFX will then perform an audit, and whether other deposits of Forex Trend (FT) will be rescued after this or not is yet unknown," informs an informed source of the "Market Leader".
PrivateFX "1+1" Program is the First Life Ring for “Drowning" Traders that Lost their Deposits in a Bankrupt Forex Broker.
“Such experience is the first in the history of Runet, for traders are being saved not because of their own mistakes in trade at Forex, but because of their broker’s bankruptcy," claim experts - respondents of the “Market Leader”. PrivatеFX plan on saving FT traders was simple and clear to every party concerned:
а) a new Forex broker PrivatеFX (the founders of which include Igor Mazepa’s strong financial group Concorde Capital) has bought assets of Forex Trend in the form of its innovative products (PAMM-2 and PAMM indexes) and its client database, whom it has offered to "return the means lost in FT together";
b) PrivateFX has introduced a special program "1+1” to clients of FT; according to it, PrivateFX is undertaking an obligation to return a sum that FT trader will bring into his account in the former. For example, if FT client has decided to rescue 10 ths. of his means lost in FT, he brings 10 ths. dollars into an account in PrivateFX and then gets a deposit amounting to 20 ths. USD;
c) PrivateFX has given a number of investment products ("Active Investor", PAMM accounts, PAMM indexes) to all its clients; they can thus make stable profit, and clients of FT can also return lost deposits from a previous broker;
d) for the passed six months of the program it has been used by several thousands of investors, who have then successfully invested their money in new PAMM accounts. More than 50% of investors have already withdrawn over a half of invested means;
e) “This offer has covered almost 70% of all clients of Forex Trend (some part of the company’s clients has decided not to return their lost means), and as the remained percentage is low, PrivateFX has decided to suspend the program for some time,” explains our source;
f) when the program started the management of PrivatеFX has clearly highlighted its key points, stating that "1+1" program should not be confused with a charitable action, for debts of FT are not debts of PrivatеFX; they are ready to help FT investors, but only at their will and in the framework of "1+1” program.
How to Catch PrivateFX “Last Carriage" by "1+1” Program
Terms of participation remain unchanged. A former client of Forex Trend needs to head over to the web-page of "1+1" and leave an application for participation in this program.
According to terms of "1+1” program, to get a compensation former investors of Forex Trend had to open an account in PrivatеFX and give information about their frozen deposit in Forex Trend. The sum of loss compensation, certainly, could not be higher than the one on account of the bankrupt broker. However, it also depended on the volume of means that the investor used to replenish his new account in PrivatеFX company. Simply said, you had to open and replenish an account in PrivatеFX and send in a corresponding application, and the broker then replenished the deposit with its own means. Hence comes the name of the program – "1+1". PrivatеFX adds a dollar to every dollar of your own.
"1+1" program of PrivatеFX has managed to attract thousands of new clients, including those that have come from Forex Trend. Besides investors, experienced and successful managers have also entered PrivateFX. The sum of compensation by many accounts has reached several thousands of dollars. PrivatеFX has managed to get such means owing to a large investment company ConcordeCapital, which was the new Forex broker’s founder and bore vital interest in its rapid development.
As stated by the Managing Partner of PrivatеFX Roman Karaulov, successful realization of "1+1" program has enhanced confidence to his company, win trust of thousands of traders, enter the rating of Forex brokers recommended by Masterforex-V Academy.
“All this is very important for further development of business in such unstable time," supposes Roman Karaulov.
Financial Instruments of PrivateFX that Bring Profit to its Clients
Owing to profits gained by traders in the framework of "1+1" program, traders and investors have paid attention to numerous financial instruments of PrivateFX, which have helped former clients of FT to get from 24 to 57% for six months. “This is truly a lot in the period of global instability and devaluation of such currencies as ruble, tenge, hryvnia, Belarusian ruble, etc.,” unanimously agree all analysts.
The rating of PrivateFX PAMM accounts shows that in the past time profitability of many PAMMs has amounted to over 100%, and а number of traders have received investments of 300 ths. dollars and higher.
Innovative account of PrivatеFX called “Active Investor” has become a real opening of PAMM-service; this product gives every client an opportunity to divide risks between various PAMM-managers. Besides, one can change managers or stop copying their orders, if they seem dubious or make losses; traders can also effect trade on their own.
PrivatеFX offers new PAMM indexes for investment. The broker has started adding 100 dollars of bonus means when a new account is opened. According to Roman Karaulov, the company is going to continue providing all-round support to traders and investors. The strategy of broker’s development is to attract high-class specialists, implement technical and business innovations. Its main task is reliable protection and accumulation of clients’ capitals. By the way, since the beginning of 2016 many investors have already managed to double their capitals. For those using "1+1” program this means that means frozen in a troubled broker have been returned, although the previously invested money keep working and bringing profit.
So there is no wonder that attention of managers to PrivateFX is rising, they open accounts in the company more and more, and try to find large investors with the help of PrivateFX; such messages are often found at Forex-forums and in social networks.
“It is easy to assume that PrivateFX is widening, and its role at Forex can considerably increase already this year,” conclude specialists questioned by the “Market Leader”.
