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Amfeix Review: is this Bitcoin fund a Scam?

Amfeix Review: is this Bitcoin fund a Scam?

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Thank you for reading the Amfeix review. Amfeix tells investors that they are experienced in trading Crypto currencies and that they are offering a Bitcoin fund to investors willing to part with at least 0.1 BTC. They describe their service as the world’s first pseudo anonymous blockchain. Amfeix.com also claims that their platform allows investors to view statistics in real time while deposits and withdrawals are automatic but can take up to 24 hours in order to clear.

Besides, this website states that investors can prove their identity without necessarily submitting personal information. We have no clue how that is going to be possible. The pseudo anonymous address is allegedly encouraging transparency and again this is not clear as the company has failed to elaborate further. They tell us that their company is offering scalable cloud blockchain. This is the information which they are giving us on their website:

”Our indefinitely scalable investment fund is solving one of the most limiting and long-due issues of the current investment market without any compromise.

We are the only global blockchain investment fund – The fund operates with strict risk management procedures to ensure that enough consecutive trades can be fulfilled in order to maintain an overall positive return. The capital of the fund that is not traded is securely stored in multiple Ledger cold wallets, which keeps the security standards at the highest levels as we aim to protect our clients from any possible inconvenience.”

In other words, they are telling us that they are the only global blockchain fund and that others do not exist. This sounds like an exaggerated statement because we cannot see how Amfeix can be the only blockchain fund when there are hundreds of people who are currently trading Bitcoin. And of course they are not the first to promise that funds will be stored in a ledger cold wallet.

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Before we proceed, we are asking one big question. Is this fund legit or will you get scammed in the process? According to our research, we believe that this is a scam or a ponzi scheme in the worst case scenario. In their about us section, they claim the following: AMFEIX groups investors’ funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. With such a brief introductory statement, one cannot believe that this is a serious website. In fact, we need to investigate more to find out the truth. So if you are reading this review, please invest with these solutions and ignore this fund altogether until we have established that it is safe to invest with them.

Amfeix review

The fund charges 20% management fees on profits and the monthly ROI is estimated at 10 to 20%. They tell us that all profits and losses are calculated in Bitcoin because they want to increase your Bitcoin portfolio. This also means that deposits are made in Bitcoin and not in fiat currencies. They also tell the community that the fund does not have an investment period and investors can leave any time they wish. On top of this, they have a referral program which earns participants 10% of profits realized by the investor.

Monthly performance of Amfeix

They are presenting us with performance data starting January 2019 all the way to May 2019. January seems to be the most profitable month as the fund claims according to these records that they earned 30%. May was the least profitable as they claim to have made 13%.

The problem with this style of presenting performance is that these records can easily be manipulated. They have not been verified by any third party and that’s the first thing you need to know. With that in mind, you can’t trust that the figures you are seeing here represent the actual performance of the fund. We need to have them producing independently verified trading results and not results that have been manipulated so it can look like the fund is profitable. Even if these results were real, we would need a third party to independently verify them and this would be a statement sharing platform like myfxbook.com.

Anonymous investment fund

One thing that we have observed with this fund is that Amfeix is 100% anonymous. The traders they claim are working for them cannot be traced. They are imaginary as the fund has failed to introduce their professional profiles to the investors whom they are targeting. That is the first red flag that you have to keep in mind when taking the risk of investing with this website.

Even details of their location are not know as the fund has treated this as discrete information. This means that Amfeix lacks transparency and there is no reason whatsoever why investors should trust them with their Bitcoin. They have an active Facebook page where they post their analysis through Tradingview blog. That Facebook page only has one review from someone who claims to have been making profits with this fund. There are only 40 followers.

Now, the question is that if Amfeix is this profitable, why is it that there is only one review and only 40 followers? Does it mean the owners are not marketing the website properly? We don’t think that is the case. But we strongly believe it is something to do with their way of operation which suggests that they lack transparency. It would be taking too much risk trusting an investment company like this one because nobody even knows whether they are truly an investment company.

Our best advice for you

Our advice and recommendation is to avoid anything that looks suspicious. There are enough red flags on the Amfeix website. You cannot miss them even if you wanted to ignore them. You need to stick with credible investment websites or even tools and those can be found here. On the other hand, you need to avoid websites that look dubious. They mostly don’t have a track record.

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Amfeix
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One Reply to “Amfeix Review: is this Bitcoin fund a Scam?”

  1. Trustpilot › review › amfeix
    Web results
    AMFEIX Reviews | Read Customer Service Reviews of amfeix.com
    AMFIEX is the best place to put your money when it comes to safe long term investment. There is no crypto broker and investment fund out there that manages risk as well as AMFEIX. I would recommend AMFEIX to anyone who is seriously thinking about investing in a reliable fund which …
    Rating
    9/10 (17)

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