Our MissionA new club that offers simple loans globally. Based purely on referrals making it a true social lending platform. Geared mainly towards.
Have you heard about the Forex loans offered ForexwithFriends.net? If not, here is your chance to join.
Our mission is to provide loans to forex traders through the internet. These loans are disbursed, and repaid online making them accessible to anyone connected to the internet. We also pay people to promote our service on social media and other online platforms. To enjoy these services, you have to be a Free or Paid member of site.
A Different Approach
We decided to do things differently. Considering how the freelance concept has revolutionized the job market, we figured out that a financial model that offers similar benefits would be great for both borrowers and lenders. With our system, anyone from any part of the world can borrow and repay money without the limitations brought about by the need for collateral, or credit checks. This is possible because this platform determines credit worthiness socially – i.e. if your friends can trust you enough to spend their money joining a platform you suggest, we can also trust you with our money.
Of course, we also consider how well you repaid the last loan, we gave you every time you apply for a new one – just like clients check reviews left by others who have hired a freelancer before.
Using online payment gateways like PayPal and Skrill, it is possible for the funds to reach the borrower instantly.
You know the horror stories of online loans - from high interest rates, hidden charges to outright con games; many people have had their fair share of bad experiences. At Forex with Friends, you will enjoy total transparency:
- We charge flat monthly interest rates
- The free Forex funds is a way for you to test whether this platform works
- There are no hidden charges
We have specific requirements to be met before you can take a loan. So, you don't have to wait for your loan to be approved once you have fulfilled these requirements
The system is unique, so if you are unable to repay your loan, there are no negative repercussions – we will just restrict you from using our platform in future
If you believe our system can work for you, please register for an account and apply for your first loan.
How to Register for an Account
Registering for an account at Forex with Friends is easy.
For a free account:
- You only need a valid email address
- A Facebook/Twitter account
For Silver or Gold Membership:
You need PayPal or Skrill
You should have $20 or $50 for the membership
Although you can upgrade your account to a higher level later, you might miss some benefits which are only available to first time members.
Step 1: Registration Page
Go to the 'memberships' page and choose the membership that you want
Step 2: Payment (for Gold & Silver members)
You will be redirected to PayPal payment page where you will pay the $20 or $50 registration fee. You will need to log into your PayPal account or open a new account to complete the transaction. Once the transaction is over, you will be redirected back to our site
Step 3: Signing Up
Once the transaction is at PayPal is over, check your email for a message with the link to the registration form. Fill in your (accurate) details to open an account. It should take less than 5 minutes to complete the SignUp process. Remember to check your email for a verification link.
Note: If you click the verification link and you get this message, "wrong verification code" just ignore it and sign in to your account.
Step 4: Referring others
You need referrals to get loans instantly here at Forex with friends. For every referral you make, you earn 5 loan credits. You will use these credits to apply for your first loan. You can keep track of the referrals you have made by checking the affiliate section.
To start referring people, go to the 'My Account' area where you will find your unique referral link and other resources that you will share on the internet and especially social media. Every new registration originating from your link or banner will earn you 5 loan credits.
You can also refer people by posting banners on your blog or website.
Step 5: Applying for a Loan
When you sign up, you can apply for the free Forex funds (a special zero-interest loan for new members) immediately you sign up.
Once you start inviting people, you can apply for the ordinary loans. Use the points awarded for referrals to apply for a loan.
Every loan application is processed within 24 hours. To apply just go to the Loan Shop and choose the appropriate amount. We use an ordinary shopping cart to process these applications. You must have sufficient loan credits (Lc) in your account to proceed with the application. The money will be loaded to your PayPal or Skrill account within 24 hours.
If you already have an existing loan but you have earned extra credits, you should contact support before applying for a fresh loan. Otherwise, it will not be processed immediately.
Step 6: Repaying your loan
Our loans should be repaid in monthly installments. We charge a 3% interest per month.
You can repay as little as $10 any time you feel like. Just go to your account, you will see a section named Repay Loan. Just enter the amount you want to repay, and then follow the instructions. You can repay your loan through PayPal or Skrill. Every time you make a repayment, your loan balance will be reduced.