IncoForex, when online investment is a viable business

Today we are talking about another way to efficiently allocate your funds online so as to make more money out of them. An online investment project known as IncoForex is attracting an increasing attention to its activity with its unique business model and serious approach. Our journal decided to make its own review of this money-making program that is, as reported by the founders, specializing in foreign currency exchange markets.

Outline

As every one of us knows terms of existence of an online investment project is not of the least importance as they reveal sustainability and reliability of the financial business of that kind. Thus, as we learn IncoForex has been successfully serving its private and corporate clients since 2004. That is, we should admit, a very significant lifetime let alone the origin of the idea that was born even earlier in 2002. It means that people behind IncoForex had circumspect and well-planned strategy when creating their business. They say: "It took approximately 3 years to design, program, test and improve the new trading algorithms until the system began to show exceptional trading results."

IncoForex further adds: "Once the trading platform was fine tuned and extensively tested, the most logical step for our team was to begin offering relatively safe investment services to external clients. In 2006 we officially registered the IncoForex company in Dominica and started providing investment services for private and corporate investors."

One more important fact that should be noted is that IncoForex provides at least general information about its assets unlike many other investment projects. The company says that its current managed capital has grown to approximately 50 million US dollars total.

It explains: "During 2006-2009 the initial capital of the company has significantly grown, which allowed us to generate significant reserve fund, thus ensuring investor deposits."

And to crown it all IncoForex is a public company officially registered in Dominica in 2006, with the appropriate certificate of incorporation. The company demonstrates is corresponding documents on the site. General public may see only thumbnails like these below while Advanced Account holders can see the full size copies of these certificates.

Investment portfolio and peculiar profit scheme

The profit model offered by IncoForex features security and reliability. It bases on the daily profit sharing and reserve fund allocation. There is no fixed daily profit, instead online investors gain fluctuating interests every business day. Such a system is believed to prove more sustainability and viability for the project as the company does not assume a responsibility to pay its investors fixed interests irrespective of actual profits of the project as it is the case with many other online investment programs.

Forestalling the customers' question about why IncoForex uses such a profit model the company says: "The important question you need to ask is how any given company may offer fixed earning rates, especially for the long term delivery. Even in theory, any trading related profits, on any trading market, are inherently variable and such variability does includes the days of outright losses, which even the most experienced traders have."

IncoForex states: "If asked, the IncoForex answer to this question is simple - Our work is based on nearly absolute transparency and trust building with our program participants. While not revealing the exact trading algorithms for obvious reasons, we offer our program users to view our actual daily trading reports. In addition... we are constantly making deposits into our reserve fund, which allows us to credit minimal profits even on days when trading did not produce any profits. Our reserve fund guarantees that users' daily profits will not be less 0,3% of the deposited amount."

Well, it seems that IncoForex has given quite solid and convincing arguments to the favor of its profit scheme.

So, IncoForex offers seven investment plans for people who want to allocate their funds with the project so as to earn money online.

Investment term for all the plans is 180 days. Earnings are credited daily and are available for withdrawal or re-deposit. Upon investment term expiration, principal amount can be either withdrawn or re-deposited.

One convenient feature enabled by the investment project is a compound option that allows to add your daily earnings to the principal and after the total amount achieves the specified level your account is automatically upgraded to another level. Compounding rate can be changed by the user at any time.

Besides, users are also allowed to constantly add more funds to their current account. In this case their accounts will be also automatically upgraded to higher plan level.

In order to better understand how profits are calculated for the current day IncoForex cites two examples on its website:

"Example 1.User has an active deposit of $20,000 and company's current value for daily profit is 4.00%. This user's profit will than be 57% from 4.00%, or 57*4.00/100=2.28% ($456 in earnings will be credited to the account for this day).

"Example 2.User has an active deposit of $60,000 and company's current value for daily profit is (negative) 2.00% (hypothetical trading related loss for the day). This user's profit will then be 70% from 0.30%, or 70*0.30/100=0.21%. ($126 in earnings will be credited to the account for this day). Minimal profit of 0.3% is used in this example and the actual funds for distribution are pulled from the Insurance/Reserve fund."

We would like to mention one more convenient feature with IncoForex. It is the ability to open as many accounts with the same personal data as you wish. In addition online investors are also allowed to deposit money to their accounts from any of the online payment systems simultaneously. IncoForex offers deposit options via Perfect Money, Liberty Reserve, ECU Money and Bank Wire. Thus, it is up to user's choice to decide if he/she wants to deposit using only one of these payment methods or combine several of them.

Interface

The website appearance of IncoForex is rather solid and very informative. While at the moment the website is only available for English speaking audience the company is planning to introduce several more languages in a short term which will include German, Spanish, French, Russian and Italian. In about seven moths the company wants to introduce Portuguese, Chinese and Arabian.

One of the main principles of its business as IncoForex claims is transparency. And as we can see it with our eyes the investment project abides by this strategy rather industriously in how it arranges its home page. IncoForex has tried to place as much information as possible to help new visitors to get maximum idea of its business activity. Newcomers can see brief description of the company mission, then there is a column that covers current events and news.

In the middle of the home page users can see banners that attract their attention and guide them to corresponding sections in case they fail to find them in the upper menu panel.

In the bottom part of the home page IncoForex has placed information about its registered address and contact numbers. This is very notable as most of other online investing businesses prefer to put such kind of information in hidden sections or to omit it absolutely. Besides, users can also see the company's invitation to subscribe for daily trading reports which are sent in a PDF format for free to any subscriber irrespective of his having or not having an account with IncoForex.

Functions

Registration

The registration procedure is very simple with many fields that are optional for subscribers. Thus it is up to a customer if he/she will provide information about his/her address and contact numbers. The main fields that are mandatory for being filled include such information as username, password, email and mother's maiden name along with the year of birth so as a user could restore his/her password in the future.

A user can provide details on the preferred payment option right in the registration form or can specify them at the moment of depositing funds into IncoForex account or when withdrawing them.

When you have provided all the required details and have submitted the information list the system advises you of successful registration and prompts you to enter your username and password in order to access your InfoForex account.

Member area

The member area is also arranged in a very convenient manner. All the functions are placed under the main menu panel in the form of square icons. The first place you get to when you log into the account is Account Overview. It seems very reasonable as surely the first thing a user wants to know about his/her account is current earnings and account statistics.

Deposit and withdrawal

In order to enter money into IncoForex account you just press Deposit icon and here you are facing the form where you can select the payment option and specify the amount you want to invest.

After you have specified all the necessary details the system asks you to confirm the payment.

Then you are redirected to the website of the corresponding payment system you specified in the first step. In our case this is Liberty Reserve page.

Withdrawal process is likely performed in a way opposite to the Deposit. Here you will also specify the payment system to where you want to withdraw your money. It should be noted that a user can immediately withdraw his/her daily profits which are placed into the special balance under "balance available to withdraw" category. An online investor can withdraw his/her principal before the termination of 180 days but as in case with any other investment project a user will be charged a rather big commission for that which makes up 35% with IncoForex. At the end of the investment period, users can either request a withdrawal of their deposit principal, or reinvest it with IncoForex to continue receiving profits.

Account transactions

In this section users can also learn the account statistics that can help them prevent fraudulent activity with their profile. Here online investors are informed about latest login and IP addresses from where the account was accessed. They also can find information about the type of transactions that were initiated or completed with the account.

Security

We should note that IncoForex supports high level of security as all the data you provide during registration and further when performing transactions within your account are encrypted and transmitted via SSL connection. The sign of encryption can be easily noticed in the right corner of the browser's address bar.

It is very notable as we have examined many investment projects and have had many opportunities to see that not many of them provide such level of information security. But this is not all. IncoForex also teaches its customers how to better secure their accounts against fraud. While most of the information can be easily found online in numerous sources still IncoForex decided to make kind of repetition which will surely help online investors stay alert. This fact shows that the company really cares about the fate of its users' investments.

Conclusion

Well, surely the coverage we have given above cannot be considered as complete. There are still many other features supported and offered by IncoForex investment project. But we would like our readers to do the rest themselves. We have seen that the history of IncoForex and its business model serve as good motivation for users to at least learn more about this online investing company. There are too little businesses of this kind on the Internet that can boast sustainability and well-planned strategy as it is the case with IncoForex. We think that the company's transparency which can be seen in that it openly demonstrates its credentials and certificates to all the visitors in combination with its wise approach to paying interests to its investors and saving emergency funds for those days when there are no profits at all are crediting to the reputation of IncoForex and show that this online money making business is worth our attention.