Hello Readers! I will be very excited when a quality HYIP program is launched. Because that gives me an opportunity to reap some profit. I always allocate 70% of my portfolio to long term programs. I believe the only way to get profit in Hyip industry is to be patient. If you are in hurry for your profit then you will loose your initial investment itself. Follow my rules (Rule 1, Rule 2, Rule 3, Rule 4) and learn from my experience (Part 1, Part 2, Part 3) so that you won't loose money.
Today, I am going to review a long term hyip program called IncoForex. IncoForex is a quality hyip program which in my point of view may become the next hot long term program. I see all possibilities for this. But, we have to really wait and see. This program was started on July 26th and growing very steadily. I joined this program a month before and tested it well. Let's discuss the various features of this program,
Plans - Incoforex investment plans are little complicated to understand. I will explain it in detail,
- Incoforex actually offers 7 investment plans, but I believe the first plan is the most commonly used plan by all investors. It is called as Basic plan for investments between 10$ to 3,500$. If you invest in Basic plan then you will get 42% of company's daily profit. Company's daily profit is variable and it can be anything. For example: In September 2009, lowest daily profit is 0.64% (on Sep 15th) and highest daily profit is 5.72% (on Sep 1st).
- But, remember you won't get full daily profit. You will get only 42% of the daily profit. If yesterday's daily profit is 4% then you will get 1.68% to your account balance. I did some math and found that total profit % for September 2009 is 40%. So, if you are in basic plan you should have got (40 x 0.42) 16.8% profit for September month.
- Interests are paid only on business days. September 2009 has 22 business days. So, incoforex offered 0.76% (16.8/22) of average daily profit on September 2009 for basic plan. These figures are for September 2009 only. I will publish monthly report for Incoforex in first week of every month which will help you to understand the profits better.
- If you invest between 3501$ and 7500$ then you will get 47% of Company's daily profit. Don't worry, I am not going to provide calculations for this plan. If you are interested in other plans then I would request you to visit the Investment Offers page on this site.
- Incoforex offers compounding option. You can set any compounding % between 0 and 100 in increment of 10. Good thing is you can also change the compounding when ever you want.
- All plans returns the principal at the end. Investment length is 180 business days. So, after 180 business days, you will get your principal back.
Is Incoforex really profitable? Yes, it is. Assume that you are going to invest 100$ in Incoforex (Basic Plan). Then you will get 236.8$ returns with 0% compounding or 390.72$ return with 100% compounding in 180 business days. These figures are based on the daily profit in September 2009.
My Investment strategy in Incoforex - I invested just 20$ in this program with 100% compounding. I will change the compounding to 0% after 90 business days. I am confident that this program can be around for atleast 7 months as per my due diligence. So, I decided to go with 100% compounding for 90 business days. Then, you can ask why I invested only 20 bucks. This is because I understood the risks in HYIP arena. I have only 200$ in LR and I don't want to invest more than 10% of my principal in any program.
Payment options - Liberty Reserve, Perfect Money and ECU Money are only accepted for investments. It would be great if admin could add Strictpay. Strict pay is also commonly used by many investors in hyip arena. Surely it will bring in some more investors.
Security - IncoForex is hosted on a dedicated Staminus server with DDOS protection. Website is also SSL encrypted which is really an added advantage. They do have a page for security which explains various steps that users should follow in order to keep the account safe. There are security questions which is used if you forgot your password. But, there is no withdrawal pin. Also, there is no tuning code while login. Adding tuning code for login will increase the security and it is a good hacker proof for the account.
Design/Content - Design is nice, but I hate the big header which has some forex charts and IncoForex caption. That header is occupying lot of real estate and I personally don't like it. I want website navigation to be found easily and attractive. But, the font size for Menu navigation are small. The page load time of the website is little high.
As per the website, Incoforex is generating the profit in Forex investments. They also have a trading report page which give detailed report of trading. You have to click the dates to see the detailed report. As always, I won't believe these jargons. I used to trade in Forex but now I am not doing that. Because I lost some money there. In my point of view, trading in forex is risky than playing HYIP :)
Support system - You can contact Incoforex support through phone, email address or by using the support form in the website. I don't see investors using phone support. Instead, it would be great if they have Live chat functionality. The support form just sends email to the admin. Instead, I would love to see a proper support ticketing system. A proper support ticketing system will help both the admin and investors to track the ticket to closure. Surely, there are some improvements required in this area.
Points to Note-
- 5% referral commission
- As per the FAQ, it is possible to deposit money in one payment processor and withdraw in another payment processor
- All good signs are here - Custom Script, Dedicated server, DDOS protection and SSL
- They have certificate of Incorporation. If you are logged in, then you can see those certificates in About Incoforex page.
- You have to remember the answers to the security questions. In case if you forget your password then you have to enter the answers to the security questions. Otherwise you can't get your password emailed. May be you can try contacting support.
Admin put lot of efforts in building this website. So, I honestly believe that he/she won't scam and run soon. Let's wait and see....
Quality Factors:
| Quality Factor | Rating |
| Is it a sustainable investment plan? (High 6) | 6.00 |
| How is the design and usability of the site? (High 4) | 3.00 |
| Is the content of the site is original? (High 4) | 4.00 |
| Is the site launched in hurry with issues? (more points if NO - High 4) | 4.00 |
| Is it on a dedicated server? (High 6) | 6.00 |
| Does it have DDOS protection? (High 6) | 5.00 |
| How is the security of the program? (High 8) | 7.00 |
| How good is the script used by the program? (High 10) | 10.00 |
| How is the up-time of the program website? (High 5) | 4.00 |
| Does it accept more payment processors? (High 4) | 3.00 |
| Does the program has it's own forum? (High 2) | 0.00 |
| Does the program has proper support ticket system? (High 4) | 3.00 |
| How fast and how good the support team answers the ticket? (High 5) | 5.00 |
| How is the admin marketing the site? (High 5) | 4.50 |
| How about the website traffic ranking in alexa? (High 5) | 4.50 |
| The X Factor (Hidden) (High 6) | 4.50 |
| The Y Factor (Hidden) (High 5) | 4.00 |
| The Z Factor (Hidden) (High 5) | 4.00 |
| Is admin already a member of any forums and how long? (High 3) | 0.00 |
| Is admin/any support team member active in any forums? (High 2) | 0.00 |
| How is the opening response in forums? (High 6) | 5.50 |
| Any spam mails for this program? (more points if NO) (High 5) | 5.00 |
| Average rating | 4.18 |
News Updates: 3-Oct-2009
AdrebatesPro - This program is rocking. Membership base increased to 1515 and lot of members are still building the account without requesting for withdrawal. Untill now all days are 10% days which is now giving you an opportunity to get 140% returns in 14 days. If you haven't read the review for this program, then you may read it here. There is no change in the rating for this program.
Infinitiva - This program has completed 4 months online by today. Till now, all payments are on time and support is great from the admin of this program. I am investing in 30 days plan for the last 3 months with 100% compounding. I am just re-investing my principal again and again. Next month also I am planning to re-invest my principal. I am getting around 30% returns every month which is not bad at all. Rating forInfinitiva is slightly going down from 4.59 to 4.51. I change rating based on my personal experience and evaluation using various tools like Alexa, Compete etc., Basically, I re-evaluated the quality factors for this program. I will do the re-evaluation once a week for long term programs.
Atlantis Mutual - At the time of writing, Atlantis Mutual website is down. I guess some unplanned server maintenance is going on. Doesn't look like a DDOS attack. Hopefully it will come back up soon [UPDATE - Site is back up and working fine now]. No change in this program rating. I will evaluate the new rating for this site tomorrow.
MindPowerSurf - I could see a sudden boost in this websites alexa ranking. Looks like admin increased the marketing budget for this program. I could see some good signs here. Today admin sent out a newsletter requesting users to deposit the funds after funding the wallet. As I mentioned in my review here, you have to deposit the funds in any of the two plans after funding the wallet. Failing to do so, you are missing your daily rebate. Rating for this program is increased from 4.02 to 4.05
That's it for today. See you all in another blog.
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