OVEX

A work buddy starting using it last week. If you put in R500k you can make 190k in 11 weeks. My only concern is their calculations might be based on the current performance of crypto which has been flying the last month. Not sure if anyone here has successfully used it lately ?
 
L-Dog said:
A work buddy starting using it last week. If you put in R500k you can make 190k in 11 weeks. My only concern is their calculations might be based on the current performance of crypto which has been flying the last month. Not sure if anyone here has successfully used it lately ?
Click to expand...
The amount is only if you manage to use your FIA-and as people in this thread are commenting, your TCS pin can take some time to show up...
 
L-Dog said:
A work buddy starting using it last week. If you put in R500k you can make 190k in 11 weeks. My only concern is their calculations might be based on the current performance of crypto which has been flying the last month. Not sure if anyone here has successfully used it lately ?
Click to expand...

According to SARS official I spoke to, they are now allowed to take up to 21 business days to approve the FIA, so you wont be able to trade weekly anymore, more like once a month.
 
People swear by it and unlike a ponzy scheme the financials makes sense but getting a guaranteed return of 30-40% in 10 weeks on R 500k goes against all the advice I have heard over the years from people a lot smarter than me.
 
L-Dog said:
People swear by it and unlike a ponzy scheme the financials makes sense but getting a guaranteed return of 30-40% in 10 weeks on R 500k goes against all the advice I have heard over the years from people a lot smarter than me.
Click to expand...
I've been using valr and so far their return has been appx 1.5% after they took their profit, so you do make money. It's now a bit of a patience game with waiting for SARS FIA approval. Putting in R1m would be great but...
 
Lukcydog said:
According to SARS official I spoke to, they are now allowed to take up to 21 business days to approve the FIA, so you wont be able to trade weekly anymore, more like once a month.
Click to expand...
I made R25k profit (after fees and their cut) with VALR arb under SDA this year, and R2.5k so far on the first trade under FIA. That's with R200k trading capital. The first PIN was issued quickly (few days), then this happened:

https://www.moneyweb.co.za/moneyweb-crypto/sars-puts-a-crimp-in-crypto-arbitrage/

Applied for a new PIN on 19 Jul. Today is day 19 of their 21 business days turnaround. It's still showing "pending review" on E-Filing.

Sies man SARS! I thought we're friends. :confused:
 
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