I’ve recorded a short video update of my progress on the L7-Trade platform which you can view here:
You can see my original explanation video here
Three days after publishing this video, L7 disappeared. It was clearly an exit scam, albeit a very professional one!
Hi Graham.
Thank you for your update. I put some money into it with bitcoin and bitcoin cash (BCH) and interestingly in the latest 2 or 3 days many trades on BCH have been canceled with this error message:
“Possible reasons: outdated exchange rate, lack of api-communication with the market, lack of connection to the agent, temporary technical problems”.
I tried to check in the “Current arbitration information” page and it seemed that a very low profit percentage was shown (well below 1%), maybe due to low volatility and so low spreads between exchanges. I think this is a little positive sign, as they don’t seem wanting to show a profit “at all costs”, as a real Ponzi-scheme would and should.
Regards,
Mario
Yes, there are certainly a lot of positives about this service and I’d dearly love for it to be genuine because if it is then it’s possibly one of the best money makers we’ve found to date!
Yes, indeed!
Graeme,
Think you are perfectly right here. Like yourself I’ve withdrawn my original investment. I’m up to trade 220 at the moment and know someone who is in the 900’s but even so caution is the watch word. They have just published more news about how they will deal with some traders who are not using the platform fairly and made an announcement about ETH so it appears they are taking an active role in management. Let’s see how things develop.