football index review trustpilot
They do not care about their customers. I have thought long and hard about what to write in the post, after Friday announcement on the dividends restructure.Firstly, the way the company handled things are clearly not great. Claimed to be in a good financial position so traders took their word and continued to trade in confidence, continued to buy / sell at prices that represented good value. However the value you place your bet at can be changed at any moment from the company. People greed got the better of them. 8+ matches in a single day, in a single league, is rare (although next season, without covid impact, there maybe more). You place a bet on a player at a given price in hope of expected dividends. Anyone who even had half a case of getting some money back, have totally discredited there case by getting some teenagers from America who are infatuated with a pop star to write ridiculous comments on the CEOs twitter. If this had changed to 6 for a gold, it would be more appealing. Reflecting Traders loss of future income and margin errosion. The site is well-known for being the world’s first football stock market, and it offers punters a very unique betting format. Football Index logo can be seen on many taxis. Football Index is a wonderful product. Portfolio valuations can only be seen at inflated values, and not at the sell price (ie the actual value of your portfolio when cashing out).6. The company only has its own interest at heart, traders mean nothing.5. Hopefully under proper guidance , leadership this can be saved but needs new heads at the top end to repair damage done . But we're all down - 80% I will not leave a positive review in hope that others will walk down the same rotten path. The Football Index team takes pride in providing the best possible service to all our Traders. A betting platform that is consistently feeding it's users lies and false promises, taking no accountability for the mess they have created. Terrible customer service, operation and ethics, The Football Index is a great platform but be careful, How on earth could they mess such a simple concept up so badly. Customers have lost £000s through no fault of their own!Football Index and the CEO have only recently been claiming the company is in a good financial position, and along with the promise of a Q&A which has encouraged customers to invest. The platform is fun, engaging, changes the way you watch football and I think the app ect isn't that bad, after getting slated.Slating the CEO is pretty pointless, he has clearly inherited this issue (4 months in charge), I believe the steps taken are to keep the company in the future.Do your homework, don't get greedy and you will have fun. The Trade Risk-Free Offer is based on a New Customer’s deposits at Football Index during the 7 day Risk-Free Period. Everything looks nice and rosy on front but it’s from from that now. My portfolio has shown good profits and it is actually enjoyable to follow your progress. The problem with the new leagues structure, is the gold days. Was a genuinely brilliant concept.Quite frankly the last 12 months have been a totally baffling experience, watching a company destroy itself from the inside with utterly terrible mismanagement and dishonesty.They essentially removed any liability from themselves when switching to order books, doing so in such a haphazardly staggered manner that thousands of us suddenly had our money trapped with no way of selling except at massive losses.We were then subjected to a series of false promises and lies about the future of the company and its financial position, leading to many of us continuing to support them, before they completely pulled the rug from under every customer by altering the odds of our supposed 3 year bets. It really is a revolutionary betting platform, unfortunately the people running it are completely clueless and don't seem to understand their own platform. But then they say there a betting site with a 3 year bet on each player. As a fan of both football and gambling, football index has intrigued me for a number of years. © 2021 Trustpilot, Inc. All rights reserved. (The reason I have left 5 stars, is because the 1 star reviews are getting spammed)Also, cba leaving my real name and getting abuse from the cult. Now I know traders will read this and say 'its FI leaving reviews' I assure you its not. The Gambling Commission also fail to prohibit this in the Gambling market so my advice is to avoid at all costs. A great concept ruined by inadequate management and leadership. Please stay away for your own benefit! As such you’re unable to ever truly estimate whether you can expect a % return on your initial stake. The leagues concept is miles better than what was in place, more the 'winner takes all jackpot' style dividends. I was lucky to withdraw with some sizable profits but it was clear this was only going to end one way. This tip ties into the previous tip, of course. Avoid Football Index I joined football index in August 2019 and initially was enjoying it and managed to make a decent profit. YOUR PLAYER COULD DOUBLE IN VALUE BUT STILL NOT GET YOUR MONEY BACK. Panicked selling over the next few hours and days started crashing markets even more. There were some teething issues - players not being registered properly or being available to buy while other users were somehow able to. Football Index – the innovative way to trade footballers and make money – is gaining popularity daily. The bet only stops when you decide to sell your shares. After seeing a number of reviews left by FI staff I felt compelled to leave one myself. As expected they are. I had a feeling this would crash when I noticed they had vertonghen down as a spurs player and still have, he signed for Benfica back in August ♂️♂️I have 2k invested in this . Some people ask is Football Index legit? Please note, this is the same 'community' that demanded increase of dividends to an unsustainable amount. It gave you an opportunity to buy shares in players but easily get a large proportion of your money back if you needed it. I had four glasses once. Keep clear. With again nothing coming from index as if they found this ok. Absolute scum bags running this company! A great idea and product, the problem stems for continually changing and tweaking and the misleading statements from CEO stating company is in a good financial position, which of course is not true . After the introduction of order books from the original mechanism, it was clear no-one at the company understood how the product worked and they continually introduced change after change. A bunch of bloody criminals. Surely these are fake reviews. Couple of weeks later, they announced that dividends (winning /payouts) will be reduced (approx 70% - 80%) which in turn devalued the shares they had taken out months/ weeks / days before. So been bored thought I'd take a look at trustpilot and see how much of a kicking FI are taking. 7. They give you dividends. Criminals!I’ve invested £10,800 gradually over 18month , this is now worth £1600 on my screen but realistically it’s worth about £700 if I cash out!They are constantly changing the t&cs to suit there agenda!They can keep my money, I hope it folds like a pack of cards now and they get jailed for it!Ponzi scheme! I am now a very rich man. Product is a great concept, but it’s been run extremely poorly. There are more players that now have value that previously, were pointless picking up. If they hadn't, they would probably have gone under by now. When I joined this index was on the up. Football Index really is a game changer. Please do not put any of your hard earned money into this. But extremely poor management destroyed it. Last March when everything changed, I noticed they suspended trading and I was unable to sell most of my players. Great concept but incredible mismanagement by the company. It seems like a really intelligent way to put your footy knowledge to work.” This is caused by 3 separate factors, the first 2 are defacto in the gambling industry. Which football index never explained. All awhile they kept changing how they operate to make it more difficult to cash out to the point they have now folded and taken people's money. Sign up “Football Index really is a game changer, and I've seen a lot of football products in my time. Unfortunately the product is no longer what it was as they keep changing the rules, and in the space of a few months they have managed to cause a huge drop in player prices. You could buy shares with very small spreads so players that you could buy for say … I hope that the platform survives and strives but that can't be achieved under the current leadership and the lies that have been told by them. After branding itself it 2015 as an alternative to traditional sports betting, Football Index has gone on to see its success catapult as football fans learned of its unique platform. They ate my a$$ and stole my money. © 2021 Trustpilot A/S. I think a lot of people don't understand that word. It's knowing when to sell, I would advise to have a percentage in mind ie 10% so when you sell less 2% commission is 8% net profit. But All I see on the internet is everyone winning on Football Index. I have lost large, but remain on the platform, as I believe it will recover. Awful management, awful integrity. THE CURRENT MANAGEMENT HAVE LIED REPEATEDLY AND FALSE PROMISES LED LOYAL CUSTOMERS TO DEPOSIT MORE AND MORE. They are a betting company who will change the goal posts to ensure they win and you loose! The concept has potential, but the company isn't run properly and its nothing more than a ponzi scheme, which continuously relies on people putting more money into the system. The gambling commission has failed to product consumers from a crooked bookie. All rights reserved. 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.