football index trustpilot
However, recent false promises of greatness (Nasdaq, expansion, liquidity etc) and consistent changes to the dividend structure have left many, including myself, extremely bemused. I count myself lucky as I only put in what I was willing to lose but my thoughts go out to those who have lost thousands of their money. Dave is safer option with your money than The Football Index. © 2021 Trustpilot A/S. There is no where else you can essentially bet on a young footballer to become world class. Great concept but incredible mismanagement by the company. I have lost large, but remain on the platform, as I believe it will recover. I saw my 6k profit which took 18 months to build wiped out in a few weeks after Instant sell was gone, so I finally decided to get out in December 2020 with a 10% loss of my own stake as could only see this thing headed further South. Surely these are fake reviews. Very good company to start off with, have been using since late 2017. ... Trustpilot. Next index started swapping changing rules every few weeks not knowing what they were doing. At 2%, this is less than what traditional bookmakers take. With again nothing coming from index as if they found this ok. A trader with less money portfolio couldn't compete. The bosses of football index in statements to the press show no sympathy for people losing extreme amounts of money.Stay well clear, New concept , football has never been so good1 million fixed limit on a players sharesThis could take off in April. a lot of the 1-star ratings are from bots. They decided to then shut the app over night as this millions of pound company could employ someone to do the night shift and stop traders if started happening again. This continued throughout the products steady incline leading to the market cap to reach over £100m.This led to intermittent communication from the CEO, responding to traders and delivering promises such as a NASDQ deal, overseas expansion and inexplicably, a ten fold market growth over the next 3 years. Despite declaring their financial position as very strong in February, they now declare this is not the case. Though I’ll miss the midnight memories, there are other platforms that seem far less fraudulent - why don’t we go there? I'm not sure if this is now a gambling app or stocks and shares. With the postponement of UK matches until April 30th, we’re finalising our plan to take us from April 3rd onward, which we’ll announce on March 24th (Tuesday). The concept, ability to win dividends and the match day experience beats the traditional bookmaker. As 2021 came about the market was stagnant, mechanics were in place to ensure player prices would drop 30% on the back of a 20% rise and thus making any new purchases worthless. FI is regulated by the gambling commissions, but this doesn't mean they'll exploit every loophole … Player's values had dropped but felt this was a feature that needed to added in to grow the platform and stuck with it.Then they reduced the dividends and further destroyed what little value my portfolio had. Around June 2020 Football Index de-risked and stopped buying back bets themselves, instead leaving it to customers to trade between themselves. The concept of leagues is great, and is so close to the finished product. I was constantly reminded that this was a 3 year bet. FootStock is a gambling platform, which combines many different aspects than you would find on Football Index or SportStack. Company has made wrong decisions ever since March 2020... Trust is gone Based around a 3 year bet with no guarantee of any dividend payouts so impossible to value any player for longer than 30 days as we have seen 3 times in the last 4 months changes to the dividends and therefore the value of your 'bet' can happen anytime with no warning so dont put money in your cant predict what your trading. I highly doubt it.Now, incase you read this and think I maybe lost a tenner and want to keep going, I have lost a substantial amount of money. The gambling commission has failed to product consumers from a crooked bookie. No all we see is reminders to gamble responsibly when it it is far too late for people to do that as their money was trapped.End of the day people could have forgiven mistakes had you been open and transparent, but they can never forgive your lies and deceit.RIP Football index! Many believed the lies, deceit and broken promises that they were fed by Adam Cole, not because they were naive but because they trusted his words and loved the platform, thus wanted it to succeed even up until the major crash last weekend.Trust is now forever broken. Winnings are paid out between 09:00am and 11:00am on the day after the Media Dividends were won. One sunday evening the market seem to collapse very strangely and out of character even systematically. This … It should never have been allowed to happen.stream walls:). 0800 066 2650. €60.09m ... Trustpilot. Yes it is, it was founded in 2015 by Adam Cole.The business name is BetIndex Limited which is registered in Jersey and licensed by the gambling commission under the number 119040. You could buy shares with very small spreads so players that you could buy for say … Please do contact our Customer Support team at [email protected]footballindex.co.uk or call 0800 066 2650, if you have any further questions or concerns. Get ready to receive an email from Trustpilot. If they cut by 50%, then a further 25% in a few months, that would be more damaging to the brand, more than 'ripping the plaster off' and starting again. Now they have complained they have gone down, which is 'changing the bet'. Football index was a real gem of a football betting app. Quite quickly, the mechanics of such system were exposed, and prices began to drop rapidly, leading to black Sunday - (Market crash no.1). I'm a louie and I don't like this. 3 months later, FI had announced they could sell shares to ‘traders’ at whatever price they felt, thus undercutting any p2p trading in the event of high demand and thus suppressing players prices from rising. Football Index has to be one of the biggest scams going at the moment. For me, its pointless complaining about the low pay outs per position, as FI have clearly had to strip dividends to the bottom (cut by around 75%), to then attempt to rebuild in the future. The worst experience I’ve ever had with a business. I was one of the luckier ones but so many have seen their entire money wiped out over night which sums up how incompetent the FI management are. UNFORTUNATELY however, those running the company are sneaky, corrupt, untrustworthy and dishonest. Fantastic product which puts interest & excitement into every football match you watch whether your trying to spot a new player to buy shares in or keeping an eye on a player you hold shares in. When I answered a Nigerian voice spoke saying his name was Dave from my local bank asking to confirm my bank details as there has been a suspected fraud as my card was cloned in Indonesia. Currently, all traders are trying to stay strong through the dark times, but these drastic alterations to dividend payments have left users distraught at something they’re not even responsible for. Scam run by spineless crooks. I’d give zero if I could bunch of criminals stay away. AVOID at all costs until these mf'ers are out the door. His company has half a heart the way they’re handling this - does he know the catastrophic damage done to customers' portfolios? The games changed & it's for the better. For anyone unsure thinking it’s a cult just being negative read the article on the athletic lots of evidence to back up the claims, SCAM. But we're all down - 80% I will not leave a positive review in hope that others will walk down the same rotten path. When Christophe Popov, CTO of Football Index, joined Football Index to help scale and grow the technology, it had been using a non-relational database. Unfortunately the poor management from Adam Cole (who? Football Index – the innovative way to trade footballers and make money – is gaining popularity daily. it’s all out there and sellers have done their bit. Complete fraudsters. Reply Quote 0. ; To qualify for the offer, a minimum of £10 must be deposited using a valid debit/credit card at Football Index and must be used to buy Shares in Footballers What followed was a reduction of dividends by 90% and no mention of NASDAQ or expansion. Football Index raise the ceiling themselves, by Increasing the dividends whenever they feel that the market has reached a point where dividends aren’t ‘worth it’. The leagues concept is miles better than what was in place, more the 'winner takes all jackpot' style dividends. The Football Index team takes pride in providing the best possible service to all our Traders. DON'T GAMBLE WHAT YOU CAN'T AFFORD OR DONT WANT TO LOSE! People greed got the better of them. Punters are becoming Traders, as it’s a highly entertaining way to play, with long term benefits. Exactly) have created a self eroding system of failures that have led to 99% of ‘traders’ (as they call their gambling users) losing money. This continued the longer FI allowed prices to fluctuate and essentially continue at a decline. Many thanks, The Football Index team Offering a unique trading platform, a wide range of players to trade and a great introductory offer, Football Index is the best platform around if you’re looking to make money from your football knowledge. Essentially it is a trading platform where you can put your football knowledge to good use and make some money. Mike then announced a Q&A to talk about lost promises such as NASDAQ, mechanics, and expansion. Please note, Football Index is regulated by the Gambling Commission. 3 stars because it was a 5 star company but in the last 12 months behaved like a 1 star - The concept is absolutley brilliant - and when it was working well it was the best! Such irresponsibility ensured ‘traders’ deposit even more money as they were now established as the early adopters.However somewhere along the line senior management realized the market could not be externally stimulated forever and ‘traders’ might end up cashing in their profits, leaving the company with a gaping financial hole. It was safe to say at this point, concerns about legitimacy and sustainability started to creep into rational traders heads. Football Index Review. John Smith. The site is well-known for being the world’s first football stock market, and it offers punters a very unique betting format. Footballer Share prices are determined by supply and demand. These included 2/3 month long deposit bonuses, dividend payments for transfers, and random ideas such as SMDP. Spread your risk. But extremely poor management destroyed it. I agree, things should have been better, but some 20/30 year old something with a 1D photo or name on Twitter, really shouldn't ne someone you should be taking financial advice from.On the 1D connection to FI, it's totally embarrassing. I’ll be riding the market as the game comes back in force. Do not give these crooks any more of your money. Better prices now. Trustpilot. The whole platform started off with such promise and was running well until covid hit, since then every decision football index has made had been to effectively alienate their customers. The company literally sound like they don't want to take responsibility for there actions until there latest statements, when in all honesty it's clear to see they've been cornered and fully exposed..... My main thing here is for the gambling commissioners...... STOP ALLOWING COMPANIES TO USE PAGES UPON PAGES OF T&CS.