Below copy-pasted from a comment in the Exential myFXbook page. In summary, "Withdraw and stay patient for 6 months or stay patient for an unspecified amount of time".
Message from Exential:
Hi guys,
Just to give you an update of where we are at Exential. As you know we always want to keep updated about our investment not just for us but for people who got into this investment because of our recommendation. So we had a meeting last Thursday evening with Sydney, the owner. So here it is:
The company understands the frustration that all of us are going thru. However, due to multiple factors affecting the opening of new bank accounts as well as retaining bank accounts for the EG’s brokers, there is no definite timetable on when the profit release will be back to normal.
The company has calculated that at this rate the best number of clients (considering these factors), to work at optimum level, they need to half their existing number of clients from 7k to around 3500 accounts.
The good news is your money is still safe so their advice for those who can’t stay patient is move on to PLAN B:
PLAN B -- Withdraw your investment. This way you will feel safe that you will still be getting it back. Kindly email —withdrawals@exentialgroup.com. A notice will be given informing the client that the capital will be paid in 6 months and no additional compensation will be given. Example: if the client closes the account by 20th May, whatever balance to the account (including profit) on that date will be the same amount the client will receive in 6 months.
2) If the client can wait and decides to stay, the new terms of the investment will mainly be minimum 12 months and quarterly payout. There will be a penalty if the investment is withdrawn before completing the 12-month period. Take note that profit payout will still be delayed until everything is sorted out.
Exential is no longer able to commit a specific timeline. Whoever decides to stay will have to be veeeeeeeeerrry patient.
Currently, the company does not accept new account openings. If the client holds multiple accounts and wishes to close some, there’s no assurance that the client can open an account again.
Again, all this is done to allay frustrations and fear about your investment. This is their best advice as of this moment. Withdraw or stay patient.
God bless.