EnviFX and Automated Capital are falling apart after more than 70% of their investors lost all of their money in the past week.
Yesterday, there were a few rumors that EnviFX and Automated Capital were going out of business.
At first, losses were thought to be 30%. Over the next 24 hours, though, they became a 70%+ wipeout across the board.
From what I’ve seen, a lot of people who have invested in EnviFX AC want to get their money out. Withdrawals can only be made once a week, on Sunday, from both EnviFX and AC.
Since there will probably be a lot of withdrawals tomorrow, EnviFX and AC may or may not allow withdrawals this week.
Kyle Cole said on Friday, in a message to worried investors on Automated Capital’s official Telegram group:
We have turned off every algorithm except for EURUSD.
Gold and GU have been turned off, and all trades on these pairs have been closed by hand.
I want to apologize to everyone because a lot of people trust our system, and I know it works well.
If you want to stay at Automated Capital, that’s up to you. We will get it back, but it will take time and patience, and I know that a lot of people aren’t happy.
We’re making BIG changes to the system, and for now, we’re only letting EU run while our programmer looks at everything on the back end.
We will also let you know soon about something else.
It will take some time, but we will get back on track.
In the afternoon, Cole told investors, “All trades are closed.”
A few months ago, AC came out on EnviFX’s platform. Kyle Cole (right) and Hendry J. Agus, who live in the US and Canada, respectively, made and ran the system.
Agus promised investors in Automated Capital returns of “20 to 30% per month”
This month, Agus got paid and got rid of his automated capital marketing.
On August 1, we told people to stay away from EnviFX and Automated Capital.
As usual, only EnviFX, Automated Capital’s founders, early investors, and top recruiters have gained money.
Until the SEC or CFTC steps in, we don’t know how much money EnviFX and AC investors have lost.