21/09/09. Interview with the admin of IncoForex

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everyone! For the first post of the new week I have a brand new interview with the admin of one of the more interesting long term investment projects on my monitoring page at the moment. It’s IncoForex and they are starting to win over more and more investors not with the promise of an instant get rich quick schemes, quite the opposite in fact as it is a very low paying program, but rather by their proven track record of steady and dependable daily payments and a good reputation of quick and efficient support.

A slow burner, that’s for sure, but you know these days that can be advantageous too. IncoForex was a tricky one to explain in the first place as you can see in my original review (published here) and you should refer back to that for further information as in the interests of brevity it was all a bit long winded to re-cap on in detail here. So let me just remind you that IncoForex is a long term low ROI investment program with one basic plan running for 180 days. During that term you will receive daily payments that can fluctuate enormously based on several different contributing factors, including of course the size of your initial deposit.

Jarmo is the admin’s name, so let’s see how he explains everything here.

“1. Hi Jarmo, please introduce yourself to the readers of MNO and tell us a bit about your own involvement in IncoForex. Is this your first online venture? What other experience do you have in this Industry?

Hello Paul, Let me start by thanking you for arranging this interview, as I am very excited about having this opportunity to speak in some less formal manner.

My name is Jarmo, I am the primary organizer of our FOREX trading based enterprise and I am officially the Director of the company IncoForex Inc. Our service, the way you see it, is our first online venture, but I personally do have other managerial and organizing skills and a corresponding job in the state of Texas, USA.

2. Can you also give us some background history on IncoForex? Why did you decide to open your own program and what are you expecting to achieve by this? Are you alone or do you have a business partner or assistant?

The idea of IncoForex platform was technically developed several years ago and it is being constantly adjusted to meet our needs in trading volumes. This platform is the solution where the simultaneous orders are received from several traders (staff members) and then the orders are placed automatically, but only in the case if the trade decisions are coming in concord. Basically, with the help of technological innovation our system helps to eliminate the “emotion factor” often affecting the results negatively when decisions are made singlehandedly. Besides the main force of our services, the traders, there are also several people involved in servers administration and customer support.

3. What are the plans you are offering to investors? What are the minimum and maximum amounts to spend? What payment processors are you currently dealing with? Are payouts automatic or do I need to request them?

All investment plans offered by our services are first of all essentially loan based, where user deposits are held for 180 business days, after which they can be requested for return. Funds held by IncoForex are in turn used for flat currencies trading via brokers and a portion of profits is credited to user accounts daily. We are strategically using payment processors that charge very minimal transaction fees, so that users who wish to receive their earnings daily (must be requested), may do so at any time without significant losses in processing fees. We have very low minimum of $10 service participation requirement in order to be able to offer services to wider audience and we practically do not limit the maximum. We do however offer different share to investors, based on their participation level. As outlined on our website (Investment Offers), users providing the loans of higher amounts are receiving greater share of overall company profits. Company daily profits are entirely depending on cumulative trading results, a variable value, which can be found in the “Trading Reports” section for any day in the past. It is these profits that are then shared between investors and company staff in accordance with “Investment Offers” table.

4. I said in my original review of your program that I felt too many of your plans were simply too far beyond the means of the average investor. How do you respond?

The main point of showing the entire scale of amounts we can accept, is basically to send a message that our platform is seamlessly scalable and that we can accommodate practically everyone out there wishing to profit with us. We can accept loans not only from individual investors, but from any organization or business with “For Profit” assets allocation needs.

5. Would you agree that the limited choice of payment options is hindering the growth of IncoForex? Especially as the ones you use have limited appeal in the U.S.A and Canada where you might expect to find some bigger investors? Will you be adding more processors in the near future?

For those wishing to receive payouts via means other than what we offer as “Standard”, we certainly can arrange that, with the full understanding of convenience that some users may see in doing so.. However, as I have already mentioned, there is an issue of higher transaction fees charged by some payment processors (and especially by exchange services), which appear to be cost prohibiting for our company operations. It is for these reasons that we decided to use additional payment processing means on individual basis only. Those wishing to deposit and receive payouts via alternative payment processors will need to submit the support request.

6. How would you best explain to someone who has never heard of an HYIP before how the whole thing works? From the very first moment I decide to invest until the time I receive my first payment, what happens? What do I need to do?

The global Alternative Investments is something that typical user will not likely to hear about from their local bank office. The reason for that is because there are no centralized means to regulate such activity yet established, especially on a global scale. This is also a reason for potential fraud, which is unfortunately often associated with the “word” HYIP (High Yield Investment Programs). Users should try their best in discerning real investment services from “Fly-By” scamms which are trying to offer obviously non realistic returns. As it can be easily seen, IncoForex is operating transparently and users can see our trading activity by themselves without even creating the account (we offer the stand-alone trading reports subscription service as well). Those wishing to take the opportunity and benefit from our investment services, can simply create the account, make the deposit and request their profits at any time during their loan term.

7. Tell us in as much detail as possible about the security features of IncoForex. Are you on a dedicated server? What measures have you taken to protect the program from DDoS attacks and malicious hackers? Who is your hosting provider and how highly would you rate them as a service provider?

High security and data safety dictates for an isolated computing environment, which is fully in place and is professionally serviced at IncoForex. Our trading platform (custom made trading software) is installed on undisclosed synchronized dedicated servers. Website IncoForex contains encrypted users data and it is managed via Secure Sockets Layer (SSL). This server is located on fire-walled dedicated server from Staminus Communications Inc. and as an additional measure to prevent higher intensity DDoS attacks we have contracted with DDOSWIZ.COM.

8. Am I correct in saying that your script is customized? What can you tell us about that? Are you using SSL encryption?

We do use SSL encryption as user data protection is a very important task for any business operating online. Having a team of Information Technology experts on board, who actually implemented our FOREX trading ideas, we obviously created fully unique software package to support IncoForex as part of the entire project.

9. What advertising strategy are you using to further promote IncoForex among potential new investors? Are you happy with the level of support offered by existing members?

In addition to the use of common advertisement methods that any decent online businesses are using, we believe that our investment service is destined for a very positive development via feedback from our users. We always welcome feedback about our services, whether the comments are positive or negative. We need them all to improve and meet the ever-changing demands. If anyone feels that our program is worth commenting about, the comments can be emailed to: feedback@IncoForex.com. With user permission, we will be happy to publish the comments, alone with either the IncoForex referral link and/or a link to user’s personal website, in case there is one.

10. What about the success of the program overall so far? Are you pleased with the level of growth to date? Can you give us any statistics on the amount of members and the total amount deposited? What are your expectations over the coming months?

Even though we already feel so, we would like to not rush with the definition of what exactly the measure of complete success for a venture like ours is. As time goes by, we do see greater interest in our services and membership today is growing daily. As I mentioned earlier, our unique trading means allow for an absolute flexibility as far as trading volumes go, therefore we are not relying on the amount deposited by users at any given time. Our expectation for the future is to set the stage for the reliable, stable, result-driven investment service and I am sure we are well on the way of accomplishing this goal.

11. What kind of customer support do you offer members? How can they contact you if they have any issues with their investments? Do you offer telephone or e-mail support?

Being an online service, we are primarily dedicated to an excellence in online support, which is obviously a preferred method of addressing any issues and concerns, but we do offer phone and call-back support as well.

12. What about your address in Dominica? Is this an actual office where clients can make an appointment to visit and discuss their investments with real IncoForex employees? Or is it just a “Virtual” serviced office and mail collection point?

The Dominica address is an official company registration address and a mail collection point. The reality in global economy world that must be understood from Investor’s perspective is that establishment and maintenance of physical offices for the majority of Investment firms is an enormous expense which, you probably guessed it, comes from investors pockets. There are also other as important professional reasons for our service being set up the way it is currently presented. I also would like to stress that considering the type of business and the activity we are involved in, meeting the occasional demands of the very few out of thousands, if not justified and is not practical, has to be sacrificed for the better being of the absolute majority.

13. Maybe you could tell us more now about the outside business interests of IncoForex? How are you investing members money? I have seen hundreds if not thousands of programs claiming to be involved in things like ForEx trading but have never seen a shred of evidence to prove any of it. How can investors independently verify the truth of any of these claims?

The main interest of IncoForex Inc., is to share the knowledge about possibility of investing in, and about the very existence of Alternative Investments, yielding much greater returns than can be offered by government controlled, therefore “fed” from, investment conglomerates. Trading in FOREX is not significantly different from trading Stocks and with proper legal and technological set up of the managing this activity venture, the wealth building by the average consumer becomes possible. Uniquely, our company provides the actual trading results daily. Our detailed, actual trading reports are also available as an independent subscription service. We believe that overall, IncoForex is presented to the public in sufficiently transparent way and that through the time our service shall build and secure the necessary trust with worldwide investors and we all shall prosper.

14. With so many new programs coming online every day, what would be the one thing you would say to investors who are still undecided on which program to pick? What are the benefits of joining IncoForex over any other program?

Users must be very careful about joining the offers that are too good to be true and to not consider them as an investments, but rather as gambling. It is a common knowledge that gambling results are unpredictable and they are more likely to have worse than random outcome. IncoForex is technologically advanced, serious and legal service, built on solid idea and clear rationale.

15. And finally, what is your opinion of the online investments industry in general? Would you offer any advice or tips to MNO readers based on your own experience to protect their investments from the obvious fraudsters and maximize their earnings?”

The area of online investment services is relatively new, but it stands strong due to the relative ease of venture creation, given that there is some solid investment activity in place to back up such service financially. Internet have replaced letters writing, the way we communicate and the way we do business. Internet thus is the technological revolution, therefore availability of online investment services cannot be an exception and it can only grow and spread. Advice to investors is to try to stay informed about global economical developments, invest very carefully, perform due diligence and of course to diversify.

In conclusion, I would like to once again thank you Paul for providing this opportunity to speak on behalf of IncoForex team.”

And as usual I would also like to extend my own thanks to the admin of IncoForex for taking the time to explain the inner workings of his program to us. I hope you found it beneficial to you in making an informed decision as to whether or not this project is a suitable place for you to make an investment that will be of any real value to you and your needs.

That’s about it for the moment everyone but already this week seems to be shaping up to be a busy one for money-news. So I’ll be back a little later this evening with a brand new review of one of the numerous HYIPs I have joined recently as well as all the latest news updates from the programs covered on my monitoring page.

So remember for the most up to date news from any source covering the online investments industry stay with money-news-online. You know it makes sense!