Monday, January 25, 2010

25 January 2010 - Incoforex Review and Other News


IncoForex - Your Reliable Guide Into The World of Financial Freedom
This aptly sums up the main objective of this great program which has been paying consistently since July 2009. Needless to mention, IncoForex has successfully mitigated the dangers of "Black December", emerging stronger than ever as one of the top investment opportunities right now.


Personally, IncoForex has been always on my watch, as I assumed that a program like that wouldn't last more than 4 or 5 months. I wanted to see how a program offering low-roi would collapse. That day hasn't arrived yet. In fact, I've been proven wrong time and again that IncoForex is here to stay. And as such, I've finally decided that this program is worth a shot, and out here comes a review. Lol! :D

In my opinion, IncoForex has much to offer. First, IncoForex has been around for almost half a year with seemingly no downtimes or significant cash flow problems. This could be partly due to the fact that they're hosted by Dragonara, one of the best Ddos protection servers in the market. I think BlockDos and Dragonara are two of the best in the industry, the crown jewels of Ddos protection. Koddos, on the other hand, seems to be a host for many scams, with the latest one being IdealInv, which scammed after just 10 days online and with a little over 1000 members.

Design- and script-wise, IncoForex doesn't fail to deliver as well. A beautifully designed home page, with a nice, easy blend of white and light yellow colors serve to decorate the page with a sense of freshness and sustainability. Perhaps I'm just being sensitive, but IncoForex's logo is somewhat similar to a "recycle" sign, which, most likely, confirms my assumption that they want to convey a sense of sustainability and responsibility to the investors, as I'm sure that's exactly the significance and meaning of the recycle logo. A very good technique used there, and I appreciate the fact that the site is clean, neat, and doesn't cram everything together like a regular HYIP. As such, you can almost be sure that professionals are running the show. But wait! Almost..Not completely sure..Not yet. So read on, and find out whether it's really as good as it sounds.

IncoForex has many tabs on it's page, of which many are relatively simple indications of pages they're linked to. One such example is the Testimonial tab, which brings you to the (duh!) testimonial page. You can read testimonials from many satisfied IncoForex customers, ranging from the average Joe to Paul from MNO to E-Commerce Journal. Some of them even post up looong testimonials that describe their whole investing experience with Incoforex! A very interesting read there, and this guy's testimonial particularly grabbed my attention:

...When I first heard about Forex I said to myself - "I'm going to be rich soon!". I was full of emotion, thrilling at the idea that I could make money in some seconds. All that I must do is to learn some basics, to download some e-books, understand that Fibonacci code which is being promoted on all Get-Rich-Quick books. I was on the wave, and this wave took me to the point of deciding to deposit some money and begin to trade. The curiosity was killing me and I couldn't resist to the temptation. Not knowing all terms, conditions and risks, I started my engine and the race begun! But it started sooner that I could predict this. In some minutes, 3 or 5, my 50 bucks, a huge amount for me at that time, dropped way below the floating line. I didn't even know what is stop loss, what is risk..From 50 bucks I had only 20. After some successful trades, I lost them also.


And that's only an excerpt from a customer called Gregory W. The whole testimonial would be easily 3-page long, so I won't post the whole thing here. It's really good to know that there are some people who have been in the program and are posting up their experience. Although sad to say that I'm not a person who's easily convinced, or perhaps even deceived, by pathos, ethos and logos(the 3 means of persuasion) (Communication 101 for you guys! Lol), I personally feel that payment posts from members on forums such as MoneyMakerGroup and TalkGold carry a little bit more weight. Not that I'm implying the testimonials are falsified, but as we're all into this trading business, a payment proof is just a tad more convincing than words alone.

Nonetheless, a very considerate additional feature on admin's part, and I'm glad to see the admin's thinking outside the box -- he's adding personalization and individuality to his program. And that could only mean all the good things, as diversification amongst all those sprouting HYIPs that offer more or less the same investment plans is certainly very crucial. At the end of the day, it's not the program that offers the highest interest that wins; it's the program that wins the hearts of the investors that will emerge victorious.

The payment plans utilize variable interest returns, a very similar approach that is being utilized by AtoxFinance(reviewed here). As I have explained the whole process yesterday in as simple a way as I could, I don't think I can come out with an even simpler way of explaining
IncoForex's payment plans. So basically, the principle is "the more you invest, the more you earn." A simple concept which means, when IncoForex makes a daily profit, a small percentage of the profit goes into your account.
your account. That will be your daily profit. Another small percentage goes to IncoForex. That will be the staffs' paychecks. And 5% of that daily profit will go towards their reserve, called Insurance Fund Allocation. What this means, essentially, is that when IncoForex incurs a loss on a trading day (which is typical in forex trading; no one wins forever), funds will be withdrawn from the reserve fund to be paid as daily profit to you guys. Therefore, regardless of whether IncoForex makes a profit or incurs a loss, you will earn at least 0.4% (min. profit) of your principal.
Here's a screenshot of the plans and the distribution of profit amongst investors(you guys), company(
IncoForex), and Insurance Fund(reserve fund):




Currently, only LR, PM and ECUMoney are accepted. Not exactly the most flexible program, but I'll take a reliable, steady, and consistent program over another that offers all the payment processors but fails to deliver at the end of the day. One such example would be InvestJoy, which offered 5 types of different processors, but has now failed to come to terms with their promise to their investors.

One other additional feature that I should note: language support.
IncoForex has 7 language supports, namely English, German, French, Portugese, Spanish, German, Italian and Russian. I'm not a linguist, so the only language I understand is English. However, should any of you readers speak a foreign language that is supported by IncoForex, please let me know whether the translations are accurate.

And that concludes my review of another promising program. Usually the critical periods of a program,especially for a low-ROI long term HYIP such as
IncoForex, would be around the first 3 to 6 months, which explains my late venture into the program. Nonetheless, I feel that Incoforex has performed up to and beyond my expectations thus far, and therefore, I would recommend them to you without qualms.

My take on this one? I'm doing 100% compounding on this one because, risky as it is, I'm pretty confident they will deliver the goods at the end of the day.

Other News:

InvestJoy announced in their previous newsletter that payments will proceed on Monday, as that would be the time when money comes in from their exchangers. Unfortunately, pending payouts are still not paid, and no news whatsoever from the admin, Mr. Werner thus far. Please do not invest with them anymore.

Underwatersurf paid me like lightning today! Yesterday there was a slight delay in my payout due to an error on admin's part, but it was settled within minutes after I sent in a support ticket. And today, WHAM! I got my payout within 5 minutes upon request. And that wasn't a small payout too, as I requested a sum of $59.40. Here's a proof:


I'm doing 100% compounding on
Infinitiva right now, as my term is coming to an end soon. In fact, I'm already in profit as I received quite a few big payouts from them the last few days, which consisted ref comms and my daily payouts. Right now I'm just playing with my profits. But I'll definitely reinvest my principal if Infinitiva keeps up their current performance!

GeniusFunds paid me a sum of $41 today for my weekly payout + daily payout. There was no delay at all, and hopefully they'll keep up their unblemished record of excellent payouts!

ParamountProfits

I've joined a new program today called
ParamountProfits, which is managed by a fellow forumer, Second Life. I came to know him few months ago, and since then, we've just hit it off. He's an experienced forex trader, and this is his first venture which is aimed at bringing in more funds so that he can have slightly more leverage in his trading. It's a really beautiful site, with script by Gotenks, and offers very sustainable plans. I'm in already with $80 for a test spend, but I'll probably put more soon as I believe this one will be a great program. Check it out *here* and let me know what you think :D I'll discuss with the admin if any of you want a special promotion! Note that this is only available exclusively for my readers, and this will be my way of showing thank you for supporting my blog!

That's it for today folks! See you tomorrow!

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