I love that you can post a project and get funded immediately by an investor but for the main product which is loans, ForexwithFriends should do something about it. How can they expect someone to invite 50 people just to borrow $200? even if you will be paid for the invites, it kinda defeats the purpose of seeking for a loan. its more like work
Tip for consumers: Assume you are looking for a job when you join. This reduce the frustration of not getting enough invites
In Forex trade, the rule of thumb is 'you don't trade money you can't afford to lose' which means taking a loan is not really encouraged. But forexwithfriends.net has loans that can change that approach. The good thing about these loans is that you don't need collateral to get one and if you fail to repay there are no negative repercussions - you just won't be able to borrow more money from the website.
Another great feature is the loan top up option. If you have repaid over 50% of what you had borrowed, you can get fresh loan which allows you to keep growing your trading capital by 25% every month.
A major disadvantage of borrowing from this website is that you cannot get more than $250. You also need to have your own money to deposit with a Forex broker first before you can get loans from the website.
I don't usually post reviews online but today i make an exception. You guys really have a useful service that will benefit new forex traders. Hope your service will be there longer
Tip for consumers: When you join the first time, apply for the free forex funds which you can get within 24 hrs even with a free account
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