Future Forex! anyone using them?

[backstreetboy]

An idiot and his money are soon parted.
Banks offer about the same on fixed deposit.
Far better ways to throw your money away.

Lol which bank gives you 1% a day?

 

[Snyper564]

Lol

Laughs at ppl who dont understand what arbitrage is... check BTC price abroad check btc price here.

Buy there sell here. Loop can be completed in a day. 100% legal just ensure you declare your gains to SARS etc.

Its the worst kept secret in Crypto...

 

[PeeKay108]

Lol which bank gives you 1% a day?

My thoughts exactly lol..

Fwiw, I'm in the process of signing up with Future Forex and can share my 2 cents about it in the coming months.

 

[Snyper564]

My thoughts exactly lol..

Fwiw, I'm in the process of signing up with Future Forex and can share my 2 cents about it in the coming months.

They come highly recommended in the realm of arb. BUT just cause arb is LOW risk its not NO risk.

 

[PeeKay108]

Agreed, I always try to prepare for worst case and I've accepted the risk.
No risk, no reward

 

[Suspect99]

I've used them since September last year. returns are similar to what their calculator promises. I've used up my SDA and FIA and have withdrawn my funds.

very painless process

 

[Snyper564]

I've used them since September last year. returns are similar to what their calculator promises. I've used up my SDA and FIA and have withdrawn my funds.

very painless process

their calculator is what you see if you do manual calcs anyway.

what we currently looking at today


1.1-1.4% range

 

[Snyper564]

their calculator is what you see if you do manual calcs anyway.

what we currently looking at today

View attachment 1734725
1.1-1.4% range

pretty much squarely in that range

 

[NarrowBandFtw]

fwiw, their website claim of being an authorised FSP checks out:

 

[Snyper564]

fwiw, their website claim of being an authorised FSP checks out:
View attachment 1734833

they even a casp...

South Africa gets 75 crypto provider licences

The FSCA has finally published the full list of South Africa’s very first officially licensed crypto asset service providers.

mybroadband.co.za

https://mybroadband.co.za/news/wp-content/uploads/2024/04/FSCA-List-of-75-approved-crypto-asset-service-providers.pdf

Guys who think 1% a day on arb is a scam dont understand what arb is...

You guys have lost out.

Back in the day we were clocking 4-8% a day.

The days are just gone of you being able to do this with 50k

 

[Wanjox]

My thoughts exactly lol..

Fwiw, I'm in the process of signing up with Future Forex and can share my 2 cents about it in the coming months.

How has your experience been, now that you are a few months in?

 

[Snyper564]

How has your experience been, now that you are a few months in?

You late to the party the arb gap is kek at the moment so kek it's almost negative, this year is almost over

 

[Jaxie]

Made a 32% return this year with them. That's after fees have been taken into account. That's not too shabby going and have been extremely impressed with their service.

 

[lebyarules]

My thoughts exactly lol..

Fwiw, I'm in the process of signing up with Future Forex and can share my 2 cents about it in the coming months.

So hows it going so far?

 

[Snyper564]

So hows it going so far?

arb rates are up but you likely gonna get nothing if you havent already got skin and decent cash available before year end

 

[Snyper564]

Made a 32% return this year with them. That's after fees have been taken into account. That's not too shabby going and have been extremely impressed with their service.

those returns sound about right typically 1.5-2% an arb trip

 

[PeeKay108]

So hows it going so far?

Going pretty good so far, although things have been abit slow since the trump elections for some reason. I started out with 100k investment toward the end of Oct 2024 and currently sitting at 8.5% profit.
Banks give this kind of return per year so quite happy

 

[xbmcfan]

1. Which provider would someone recommend, Future Forex, Shiftly or Currency Hub?

2. Anyone that can explain how Shiftly calculates fees, profits?

Eg. Calculation for R200 000,00 as per their website
https://shiftly.co.za/knowledge-base/what-are-the-trading-fees/

Base cost R 200 000.00
Swift -R 500.00
Forex conversion fee(0.2) -R399.00
Trading capital R 199 101.00
Trading profit R 3 942.20
Withdrawal fee -R30.00
Proceeds R 203 013.20
Net profit R 3 013.20
(Assuming an average spread of 1.98)

Their Telegram bot shows for an average 1.98 spread:

Shiftly Bot

You can contact @shiftly_bot right away.

t.me

Base Cost: R200,000
Proceeds: R202,260
Profit/Loss: R2,260 (1.13%)

Where does the difference of R753.20 come from not mentioned on the above site?
They take 25% of the net profit or are there other costs?

3. Anyone can compare Shiftly and Future Forex's fees like the above example?
They don't seem to provide a breakdown on how all the fees and profit are calculated and only show total profit for the year.
According to Future Forex's FAQ

Investment Amount per Cycle	Percentage Fee
R100,000 – R149,999	35%
R150,000 – R199,999	33%
R200,000 – R299,999	30%
R300,000 – R399,999	28%
+R400,000	25%

Net profit per trade*
Average spread Amount invested
R200,000 R400,000 R1,000,000
1% R 400 R 1,300 R 3,900
2% R 1,800 R 4,300 R 11,400
3% R 3,200 R 7,300 R 18,800
FIA application & hidden fees R0 R0 R0

So around R1800 profit per trade for an average spread of 2%?
25% less profit than Shiftly for a similar slightly higher trade?

4. Anyone know how Currency Hub's zero Swift fees for 5 months will impact things?
What are the Swift fees after 5 months for their RMB partner, batching transactions, they mention you can start with R50000?
What is the impact of extra VAT charged on transactions?
They don't post any extra information, no contact email, no Android app and there are no reviews by users, is it save to use?

Zero Swift Fees - CURRENCY HUB

CURRENCY HUB gives investors easy access to sophisticated cryptocurrency and FOREX solutions such as Crypto Advisory, Arbitrage, OTC & Foreign Exchange.

www.currencyhub.co.za

https://www.currencyhub.co.za/fees/ These examples still use Capitec with R500 Swift Fees, not sure what the impact will be with the lower RMB Swift fees.
R3250 profit per trade? (Using R250000, 2% average spread - R143000/44 trades)

 

[Wrath of Khan MD]

Oh I can't wait to see this... you are going to lose all your money in a matter of days, every last cent.
If making money was so easy using some Ai trading bot then everyone would be doing it, not so?

Anyway, continue (please say R5 for some data to write your story about how you lost R200,000 to some trading bot)

 

[Suspect99]

Oh I can't wait to see this... you are going to lose all your money in a matter of days, every last cent.
If making money was so easy using some Ai trading bot then everyone would be doing it, not so?

Anyway, continue (please say R5 for some data to write your story about how you lost R200,000 to some trading bot)

Can't about the others but Future forex has been reliable for me for a few years