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. It should never have been allowed to happen.stream walls:). 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. Great product, appalling management. I understand as a business they clearly have had to do this. A great concept, but it’s being run by conmen! But All I see on the internet is everyone winning on Football Index. 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. It is opaque on how high headlines and player performance is related to the actual dividend payout.2. Next index started swapping changing rules every few weeks not knowing what they were doing. ! Joined Football Index over 3 years ago. Not everyone on the Twitter feed is like this. Have been a betting man for 23 years and wasted so much money - when an acca is over its done. End of review. In this article, we’re going to look at what Football Index is, how it works and how it’s possible to make money using the platform.. Let’s jump in. Having only recently joined the site I have found it easy to navigate, fun and interesting tool to make money. If I could give this 0 stars a would. The product is so unique compared to other betting platforms and is more like a genuine stock market. Reflecting Traders loss of future income and margin errosion. Football Index has gained some serious traction over the last 18 months, it’s a fantastic platform which does deserve recognition within the betting world. 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 . Luckily I did not have a large amount invested in football index but some customers have lost of £000s. The platform collapsed when money stopped being invested causing investors to lose most of their portfolio. Absolutely.A lot of talk of a 'Ponzi' scheme. After the backlash received from customers they were forced to release a statement saying they have been sustaining substantial losses for months, contradicting previous statements saying they are in a good financial position, and had to take action to ensure the survival of the platform. Panicked selling over the next few hours and days started crashing markets even more. Made thousands of pounds from this product in the last 5 years. From Querying an Operational Database to Centralizing Data Into BigQuery . It’s the equivalent of placing a 500/1 bet that’s coming in and has a cash out of £400 of a £1 stake and a few days later the bookie changes the odds to 2/1 and the cash out is now 80p. Personally, it now makes watching football 10x more enjoyable and putting the hours of research into my portfolio is enjoyable and doesn’t feel like work! This product has helped me achieve my objectives within the past 30 days. Furthermore, they have been promising expansion into Germany and NASDAQ integration for months and have not delivered on these promises! After seeing a number of reviews left by FI staff I felt compelled to leave one myself. As seen on the 5/3/21. The spreads are wide and losses are high for active "traders".4. Looking to slowly withdraw if / when the % goes up. The leagues concept is miles better than what was in place, more the 'winner takes all jackpot' style dividends. ; 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 Do not invest in this company with the current management. If not illegal, they are certainly not moral as they have been lying and encouraging customers to invest more money just before crashing the market. There was no Q&A and Football Index crashed the market by significantly reducing dividends by 80% meaning the value of customers shares are now worth as little as 10% of previous value, causing anger and outrage amongst the football index community! Football Index has just signed a big TV advertising deal with Sky & has Guillem Balague as a brand ambassador . Please avoid. Mislead customers telling them they were in the best financial position they’ve ever been 6 weeks ago to then declare they’re in an awful financial position, unable to pay dividends at their agreed rate. Avoid at all cost, company about to go bust!…. Their actions are either fraudulent and they are going to pocket the vast profit for themselves or they are completely useless businessmen. Been on football index since 2017 and it’s such a disappointment to be writing this as we all thought it is going places but we were all wrong. Do I think I could reconstruct my portfolio to match the leagues system, be on a loss for now, wait for the platform to regain trust and (hopefully), increase divs (slightly), to recoup my money and beyond? Don't by fooled by the rockets and emojis in their announcements, its all a scam to encourage deposits. When I joined this index was on the up. Some people ask is Football Index legit? Do you agree with Football Index’s 4-star rating? It seems like a really intelligent way to put your footy knowledge to work.” You could buy shares with very small spreads so players that you could buy for say … There were some teething issues - players not being registered properly or being available to buy while other users were somehow able to. 8+ matches in a single day, in a single league, is rare (although next season, without covid impact, there maybe more). Complete fraudsters. If you want to gauge a … Do you agree with Football Index’s star rating? Football Index really is a game changer. Football Index is certainly a platform like no other — a mechanism for trading footballers whose values rise and fall based on their current and future performances. Entire concept is flawed. Avoid at all costs. | Read 141-160 Reviews out of 1,374. It is worrying that Football Index seem to be taking this sort of attitude to their user base, and I would seriously warn anyone wanting to join that this may be their way going forward. It gave you an opportunity to buy shares in players but easily get a large proportion of your money back if you needed it. Hopefully under proper guidance , leadership this can be saved but needs new heads at the top end to repair damage done . They ate my a$$ and stole my money. I can’t see the company surviving after treating a loyal customer base as poorly. A great concept ruined by inadequate management and leadership. The game has so much badwill and ill-feeling from existing players, the platform has to find new players for trades to occur.8. Coincedently the ceo steps down, work out for yourself why and who you think sold all them shares crashed the market. I think a lot of people don't understand that word. I’d give zero if I could bunch of criminals stay away. As a fan of both football and gambling, football index has intrigued me for a number of years. 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! In this Football Index Review, I’ll be covering every aspect of the Football Stockmarket, including how to use the website, depositing money and buying players. 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. Remember, the product is only as strong as its users. But extremely poor management destroyed it. A trader with less money portfolio couldn't compete. Football Index is one of the fastest growing football betting sites in the UK. How can you allow a company to have a license to change the bet with 30 days notice....... Utterly dissapointed and 3k down. Such a well planned scam, hooked a lot of people in! The product is so unique compared to other betting platforms and is more like a genuine stock market. The worst experience I’ve ever had with a business. Football Index is an unrivalled blend of football betting, stock markets and fantasy football. 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. 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. The Football Index is a great football platform, it gives you a 3 year bet, so plenty of time to build up a portfolio of players that in return pay dividends if you pick the right ones. The concept of leagues is great, and is so close to the finished product. !Shambolic, Only the latest review will count in the company's TrustScore. At the beginning it was fun and a great product then last year they changed it with new tech new principles and guess what they broke it. Please do not put any of your hard earned money into this. Product is a great concept, but it’s been run extremely poorly. 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. High on integrity and compliance! I'm not sure if this is now a gambling app or stocks and shares. Advertising Marketing Bias When Christophe Popov, CTO of Football Index, joined Football Index to help scale and grow the technology, it … In this market, Football Index they are constantly adding new shares in at a price level of £1 and above for Joe Average whenever there is increasing demand. It's a bit like betting on a player but in the context of a stock exchange. It's an ingenious, a great platform to use, a great was for people who take time to think about what they are doing bet on football. Next up in our list of Football Index tips is to pay attention to football … Don’t put your money here. Now I know traders will read this and say 'its FI leaving reviews' I assure you its not. This only favored people who had huge portfolios and could afford to buy £5 plus players with plenty of shares in that player. Shambolic company with a shocking reputation and terrible management who are full of lies. Nothing more than a Ponzi scheme. If you aren’t completely sure what Football Index is, it’s a platform where you can buy and sell virtual shares in footballers. With over 450,000 traders already signed up, the future certainly looks bright for Football Index.. Basically crashed their own market and sacrificed their customers to keep themselves in business. If they hadn't, they would probably have gone under by now. (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. Been on the platform for just over a year and it has bought a whole new dynamic to watching football. ... Also noticed a lot of reviews with 5 stars say how good the CEO is and it's cult trying to bring dome the index. DO NOT INVEST WITH CURRENT MANAGEMENT IN POST.The product could be amazing and hopefully will be bought out before the current owners lose their licence and the company folds. Punters are becoming Traders, as it’s a highly entertaining way to play, with long term benefits. Management are fantastic. 1 Reply Last reply . They do not care about their customers. Previously, I would be spending hundreds every week on sports betting, but be lucky to break even. If you spot a player that you think is going to do well and he … Make your own mind up. As expected they are. This resembles a stock trading market. With again nothing coming from index as if they found this ok. The Football Index team takes pride in providing the best possible service to all our Traders. Please note, this is the same 'community' that demanded increase of dividends to an unsustainable amount. Ready to get started? Which football index never explained. 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. Football index moved itself into order books which basically destroyed it. YOUR PLAYER COULD DOUBLE IN VALUE BUT STILL NOT GET YOUR MONEY BACK. Avoid putting more money into this ponzi like scheme.I am a ex-city fund manager and have been observing and testing FI over the past 6 months.My observations.1. 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. Indeed slashing potential winnings by 70% in a shock announcement that was disguised as a Q and A session! I have lost large, but remain on the platform, as I believe it will recover. DO NOT INVEST IN THIS APP YOUR MONEY WILL BE TRAPPED AND ONLY GET IT BACK AT A LOSS. Recently they've slashed dividends by 80% meaning there was no such thing as a 3 year bet, no way to value a player. This has burned a hell of a lot of people, but also remember, these people got greedy. But then they say there a betting site with a 3 year bet on each player. I lost a substantial sum of money after an unexpected announcement where dividends were cut. You place a bet on a player at a given price in hope of expected dividends. Bets on Football Index can last upto 3 years, depending on when you sell your shares. I was lucky to withdraw with some sizable profits but it was clear this was only going to end one way. 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. Football Index logo can be seen on many taxis. I signed up back in 2017 and have used it ever since. 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. 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. Do you agree with Football Index's TrustScore? Absolute scum bags running this company! Many have questioned whether their actions are legal. Few ups and downs along the way, but that’s what makes it fun. 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. The bet only stops when you decide to sell your shares. Keep clear. DON'T GAMBLE WHAT YOU CAN'T AFFORD OR DONT WANT TO LOSE! 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. Do you agree with Football Index’s 4-star rating? It’s a revolutionary platform that continues to grow at a rapid rate. 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 you spot a player that you think is going to do well and he … 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. Disgraceful. I’ve recently created an in-depth review of Football Index, which you can read to learn about Football Index & what my final thoughts were.. Let me start by stating that Football Index is a completely legitimate website.. The rules keep changing.3. Just feel cheated and lied to.Real shame because the concept is really good.Good luck to all the traders that are still backing the product. Poor reviews are as a result of poor company decisions, and the unsustainable dividend structure, which resulted in a massive traders sell-off and crash. I really hope it returns to where it was 9 months ago. Football Index (“FI”) – A Balanced Review FI is a gambling platform where you buy “shares” in football players. Its five-star review on Trustpilot shows that users are fans of the platform. 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. I’ve been on football index for a number of years and have grown to love the product over this period of time. I started out on Football Index in January 2020 and initially had great fun. Trader since Sept 2018. The response they have given in the press and here is that they could reduce terms based on their terms and conditions. The Trade Risk-Free Offer is based on a New Customer’s deposits at Football Index during the 7 day Risk-Free Period. The management even put on trader meets and dish out free champagne. A Ponzi scheme would not involve you putting in £5,000 and buying shares, making £7,000 of dividends, then selling your shares and having £12,000 total (if sold at correct time). Please stay away for your own benefit! 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. This is caused by 3 separate factors, the first 2 are defacto in the gambling industry. However the value you place your bet at can be changed at any moment from the company. Can always reinvest in new players. Voice your opinion today and hear what 1374 customers have already said. They need to be held accountable for the disturbing acts they committed against my a$$. This makes the platform secure. Stay clear under current management. The market has crashed (intentionally) to reset it back and build from bottom. They've ruined my life. Reduced dividends payouts by 80% stating current yields were unsustainable, problem with this is that as a direct result of the reduced dividends players shares dropped by 85% so the yield % is exactly the same which means that the current dividends payouts will still be unsustainable, I suspect football index will have a lot of work to do with the gambling comission and if found to be guilty of any wrong doing then they may lose their licence which would result in the end of this business, personally in my opinion if players prices don't increase by at least double then the business won't survive anyway, they lie to you constantly and are forever moving the goalposts. Its made it a hell of a lot more appealing to new customers. It’s like trading on the stock market, but you can buy Liverpool’s Mo Salah instead of Shell. Check out what 1,374 people have written so far, and share your own experience. Football index is a brilliant concept for sports fans to own virtual shares in footballers of your choice. Follow football transfer news. Avoid Football Index I joined football index in August 2019 and initially was enjoying it and managed to make a decent profit. Only the latest review will count in the company's TrustScore. 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. Football Index Not All It Is Cracked Up To Be I have been using the Football Index for about 12 months now, as an ex-football coach it's great fun betting on player's performance, which … One sunday evening the market seem to collapse very strangely and out of character even systematically. © 2021 Trustpilot, Inc. All rights reserved. Follow all football-related media. Great concept but incredible mismanagement by the company. 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. Football Index Review: My Conclusion. 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. I’m left with a “portfolio” currently minus 86%. 7. Some people made very good money, but like every stock, some times it will crash and if you don't get out at the right time, you get burned. After March's circa 80% cut in dividend payouts, valuations fell just under 90%. Rather than addressing problems they would much rather make erratic decisions to stimulate growth whether that is increasing payouts or decreasing payouts, a clear lack of planning and modelling when making decisions which has lead to the demise of the platform. Why should I play Football Index? If you love football and fancy yourself as a bit of a sports trader, then this Football Index review might just be for you. This is a great product which is currently run by morons. Since then I've still had £150 worth of portfolio/players/'stock' which I have been unable to sell, and have just watched their value drop from £2-3 a share down to £1 then 50p then to nothing. Hang on, when dividends were half what they were when you originally bought they shares, were you complaining the bet had changed because the dividends went up? Utterly shocking the way football index have treated their customers over the last few months, especially over the last 4 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. Football Index is becoming the Nations favourite Betting Product, which is backed up by the TrustPilot Reviews. They are a betting company who will change the goal posts to ensure they win and you loose! Rich-A last edited by . Everything looks nice and rosy on front but it’s from from that now. Learn more. You can also check out their Trustpilot reviews to … Empty promise after empty promise, a great concept with no direction and poor leadership.Constantly reducing the dividend pay outs making it impossible to value players. Management should be investigated and taken to court. Awful management, awful integrity. I would recommend Football Index to all football fans who want to make some money from their spare cash. The problem with the new leagues structure, is the gold days. Football Index is a UK-based betting website that was founded in 2015 by an entrepreneur called Adam Cole. Football index was a real gem of a football betting app. Investigation needed. The business model isn't sustainable and the recent developments have destroyed any trust in the brand. So been bored thought I'd take a look at trustpilot and see how much of a kicking FI are taking. Football Index are hiding behind their terms and conditions as being a betting platform, despite them advertising as the football stock market! There are more players that now have value that previously, were pointless picking up. 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 . I had four glasses once. Only put in what you can afford to lose, and take the profits when you can. All the recent reviews are genuine! Reply Quote 0. 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. Changed the game rules whilst bets are open. | Read 181-200 Reviews out of 1,168 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. 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 offer is only valid to New Customers residing in the United Kingdom and aged 18 years or over at the time of entry. They bang on about 3 year bets but yet they only have to give you 30 day notice on dividend reductions? When I could, many had been massively devalued. Football Index is a revolutionary way to bet on football. Also values can significantly increase, or decrease. Communication from the management has been full of misleading information. Scandalous and hopefully they will be investigated.I invested 14k of my own money, and managed to recoup over 12 before doomsday and to be honest, I am so livid with what this company has done to people's lives that I would happily write-off the last 2k they have in order to see them go under. To say it’s a revolutionary product would be correct. Great concept, great product, fantastic CEO...we are going to the moon. Everyone has an opinion in there and all seem to think they are world class wall street traders and know how the business could be run better. Football Index – the innovative way to trade footballers and make money – is gaining popularity daily. Great platform. Football Index is a wonderful product. Money I deposited 4 days before the div cuts. Once you have bought shares in a player FI will pay you money back if they perform well on the pitch and/or are mentioned frequently in the media. Lots of engagement through question and answers. The site is well-known for being the world’s first football stock market, and it offers punters a very unique betting format. There are some really decent people who clearly love the platform and want it to succeed. This tip ties into the previous tip, of course.