Hi guys! Well as you may have read the subject of today’s interview has been the victim of more than his fair share of controversy lately. Victim is not a word I use lightly here, but in this case if you have been following the recent debate on the forums you will know what I mean. No need to repeat any of that here, except to remind you of the facts. StableProfit is a low ROI program that pays 1.5% daily on business days only. For one more week a second plan is available paying 3.5%, also on business days. When this offer expires your deposit will be transferred to the main plan. Eugene Movenko is the admin there and he and his StableProfit program have been paying members punctually and reliably for the better part of two months now, without complaint. And that is the best place to start with this interview.

“1. Hi Eugene. Please introduce yourself to the readers of money-news-online and tell us a bit more about you involvement with StableProfit.

Hello, readers of MNO! I’m Eugene Movenko, 24 years old Project Manager from Kiev, Ukraine. I’m was hired via one of the biggest ex-USSR Freelance websites to create and administer the StableProfit HYIP program. I’m not the owner of this project but I am the website administrator, project supporter and PR manager e.g “The Face Of The Project”.

2. Can you also tell us about the history of the company itself? How long have you been in operation? Why did you open an HYIP in the first place? What do you hope to achieve by this?

There’s no actual company here, it’s a private and personal business venture, started over 2 years ago by my employer. The website is already over 50 days online and it was created not as HYIP at all in fact. The first and main goal is to gather more funds to achieve more profits for us and for our members. Due to business specifications, if there will be more funds – there will be more profits.

3. What investment plans are available to those joining StableProfit? What are the minimum and maximum amounts accepted in each plan? What are the ROIs on offer and how long after requesting a payout will it be made?

For every active member we offer the Main plan with 1.5% profit every business day and the NY Special plan with 3.5% profit every business day. Our NY Special offer lasts till 20.01.2009 and after that date all deposited funds will be transferred to our Main plan. There is a $5 minimum investment amount for our Main plan and a $50 minimum for our NY Special plan, with no maximum. When members withdraw funds from their account balance, they are usually available instantly, but there is $50 limit per day, larger amounts usually get processed in 24-72 hours.

4. Tell us what payment processors are accepted in StableProfit? There are several options available to Russian investors I know, but will you be expanding your payment gateways for everyone else?

We currently work with LibertyReserve worldwide and accept WebMoney Z and Yandex.Money from our ex-USSR customers. Withdrawals are made in LibertyReserve only. We’re considering adding StrictPay as our second payment processor worldwide in early February.

5. I believe we will soon see a number of changes in StableProfit, specifically referring to the hosting and security. Tell us about that. Why did you feel this was necessary? How will this improve the operation of the site? Will it involve any downtime?

We ordered a brand new dedicated server with a bundled DDoS protection package and we already transferred our website yesterday. We expect huge improvements to website availability and speed, also with much more security for our whole database. That was some (about an hour) downtime during transferring process and 2-3 days on DNS propagation over the net, but we will instruct our members how to avoid any downtime in our newsletter.

6. Instant payments are not that common in this industry. Is this really safe? How can we be sure this feature is not open to abuse from hackers?

GoldCoders, whose script license we purchased, guaranteed us that their entire system is secure and tested for bugs and holes. Instant withdrawals are becoming common in the HYIP industry, most HYIPs use GC system with instant withdrawals without any security related problems, as we’re also doing. Generally, that question is mostly to GoldCoders, because they know their security system much better than us.

7. How have you been promoting StableProfit so far? What kind of advertising strategy do you have? How important has the support from the members been so far?

From the start, StableProfit threads were created on around 15 Russian and another 15 international forums all over the net for discussion. We accepted some monitors offers, received first small test investments, made some general improvements based on the opinions of experienced investors. After that, and from now on, we’re building our success on a policy of absolutely clarity, fairness and trustworthiness with our members and investors. All payouts are made on time, instantly, without any delays or downtimes. I think, that’s why members trust us and recommend us their partners and friends.

8. How are you funding the payouts? What are you doing with investors’ money? How dependent are you on new spends?

We’re paying part of our daily profit to our members. Our business is currency exchange related, we’re operating money and earning profits on buy/sell currencies at bank stocks. As I wrote above, if there will be larger sums in our fund – there will be bigger profits.

9. Why do you think StableProfit is a better choice for investors than any one of the thousands of other programs on offer right now? What would you like to say to those still not convinced that they should invest with you?

Because it’s our program, lol. OK, as I said above, we building our success on absolute transparency and trust with our members and investors. All payouts are made on time, instantly, without any delays or downtimes. Also, we’re offering our very own deposit insurance program for our V.I.P members. More info about that is available on our FAQ page. What else do I need to say? Stability and trust, that’s our main business goal.

10. Are you pleased with the level of growth and development achieved by StableProfit? Do you think this can be improved on in the future? What are your plans for the development of your site over the coming months?

For the moment, not really. We’re want to be independent of any external script systems, so we’re now in the process of developing our own fund system script, first beta version of which we are expecting in February. That will bring us an unlimited opportunity to expand investment plans, add more payment gateways, be more secure, etc… Also we’re expecting our brand new website layout in late January.

11. If there was just one thing you could say to the readers to convince them to invest in StableProfit, what would it be?

StableProfit is guaranteed! Trust us, and you will understand the difference!

12. And finally, what is your honest opinion of my blog? Do you find it of any real benefit to online investors? Would you suggest any improvements?

That’s all about you, Paul. You are doing a great job and your blog is now one of the best and biggest news sources in the HYIP industry. I wish you many more readers and subscribers in the future. IMHO there is nothing that you need to improve on. It’s all great!”

So there you go. I have quite a lot to say about this program, but I think it best you see my original review, published here. For the most part I think StableProfit can be a decent all round program, and a popular one too for the coming months. Of course like most programs there are drawbacks, and here is no exception, but I believe StableProfit remains an exciting online venture, and one well worth your attention.