I was idly surfing the internet the other day when I came across this ad. American Quid. Invest from Ksh. 1,000 to earn up to 2.2% interest. I obviously got curious and opened a new window to search this product, company or service — in-depth. Because, honestly other than Zimele Money Market Fund, which other fund could be so confident to promise a guaranteed return on investment in Kenya?
Even if it is just by a ton of a percentage? It needs guts!
And guts’ what American Quid showed in their ad. So I googled, American Quid + “Review” to find out what exactly Kenyans are already saying about the product.
Because come on, you know I’m that person. 👿
I invest in anything provided it promises some sort of return. Perhaps the reason why I have tried all sorts of businesses and investments.
Failed. Tried again. Gave up in the middle. Tried again. And made it with a gig I did not think legit.
Much as the first comment I see on google is about some crazy bankers who died with crypto passwords of akina sijui who (and how that’s even possible I don’t know); I continue to search. Because again there is no way I’m ever gonna review any financial product on this platform without solid proof that it is either legit or fake.
After an intensive search I realize that American Quid is somewhat new in Kenya.
And the memories of losing Ksh. 50,000 in public likes come back to me.
I remember having the urge to withdraw all my money in one day and the feeling that I should just continue to make more.
And I remember choosing to continue to an unforeseen loss.
Regrets aside, these are the lessons I learnt after losing money in public likes: –
1. As an investor you can make or lose money
2. When your gut feeling says, “invest in this company, product or multi level marketing initiatives;” give it a try.
3. But when that same gut feeling says, “Withdraw the profits + capital (EVERYTHING) and run.” Then brother, you should respect the feeling and run as fast as you can.
Remember, Running from the stock markets saved Joseph Kennedy in 1929. Read the fork lore of 1929 market crush (when you find time).
After taking one too many notes from American Quid Website, this is what I have to say.
My Honest American Quid Review.
American Quid is an Online Capital and Investment Management Service Provider for Spot Trading of Digital Assets.
The platform provides short-term investment plans of between 30 and 90 days where investors earn guaranteed daily profits of up to 2.2%
How Does American Quid Work?
American quid requires that you create an account to start earning. This can be done on their website’s sign-up page.
Personal information required for registration include: – email address, phone number, name and password.
After you key in the details and click the sign up button, you’ll see this message appear on top of your browser –
Account has been created. Please check your mailbox and confirm email address.
Upon confirming your email address you are redirected to the client area. This means you have successfully opened an operational account.
But Money ain’t gonna come gushing your way if you don’t plant it?
Use Mpesa to Fund Your Account & Start Earning Daily.
Funding an American quid account is very easy. Just go to your Mpesa account
> Navigate to Lipa na Mpesa
> Buy goods and services
> Enter till number (864324)
> Dial the amount e.g 1,000 – (the minimum investment amount in American Quid)
> Key in your Mpesa PIN and send the amount.
When you receive the MPESA confirmation message send it as an SMS to AMERICAN QUID phone number – 0746900269.
Your account will be updated immediately. And you will start earning.
A point to note though,
Since American Quid Accepts up to KES 20M in investment deposits; there are chances that you will want to invest more to gain more.
If that’s the case, Mpesa will not work because of the limits.
Instead, make your deposit to American Quid bank account – NIC Bank Ac# 1005955633, Karen Branch
The deposit will reflect upon confirmation.
Watch Your Money Grow
You will earn as shown in the investment chart below. Note that earnings vary by invested amount.
You can login to your client area at any time and withdraw your funds when you want to.For Ksh. 10,000,000 investment you will earn a cool KES – 6,600,000 monthly at a compounded interest of 2.2%
Is Your Money Safe At American Quid?
On all the materials I have read about the service, there isn’t a blanket safety guarantee for everyone. And if there is any, then it is biased towards depositors of amounts greater or equal to KSH. 10,000,000.
Clients in this tier get a money back bank guarantee for the total sum.
This leaves the rest of us (low depositors) open to bullets – for when it starts raining .
But, anyways, the best investments don’t always shield anyone, do they?
From my Olymp Trade Success Story, do you remember that I did not trust the platform when I was making my first deposit?
And what happened afterwards, did I not make more money than I expected?
My point, since American Quid says they’ll honor their promise of channeling between 1.6% and 2.2% interest to your account daily; why not try to see the results?
Plus, the minimum investment is just Ksh. 1,000.
If you invest and it turns out to be true, you’ll earn. If you don’t invest and it turns out to be legit, your loss.
What’s The Minimum Amount I Can Withdraw From American Quid?
Now this is the juicy part, you can withdraw everything including your capital – around the clock – 24/7. However, you will be charged the transaction fees for the process.
Is American Quid Regulated in Kenya?
There is no page on American Quid website that talks about the company, when it was formed, the certifications that it has for practice or if it is regulated by the Capital Markets Authority Kenya. (The body which deals with brokerage regulation in Kenya).
And if by chance they are regulated then they have failed to show openly or even mention it – on their website.
This part remains vague.
Visit American Quid offices in Eaton Place, UN Crescent, Village Market to make full inquiries.
Or email them to [email protected] for clarification.