Interview with Patrick Stone, CCO of ForexRefleks Ltd
PROBLEMS BEING REPORTED!! DO NOT INVEST!!
Time for an interview with the Chief Communications Officer of ForexRefleks Ltd. Many of you will no doubt be familiar with them already, given the fact that ForexReflex has been online for over three months now. They offer investors terms of “1.50% to 2.80%” daily for “15 to 90” days. A more detailed description can be found in the original review of ForexReflex published here. You can read the interview below -
Q1 – Hello, Please introduce yourself to HIB readers and describe your role at ForexReflex?
I’m Patrick Stone, the CCO of ForexRefleks Ltd. I actively manage Public Relations and oversee the Customer Service Department. My goal is to always provide maximum satisfaction to our new and returning customers. I am one of the people who founded the company, and linked together several of the traders and original investors from my client base at a hedge fund, where I also was formerly the CCO nearly a decade ago.
Q2 – Can you also give us some background on the program? How long have you been running? What were you hoping to achieve by starting it in the first place? Apart from you who else working on “ForexReflex“?
The pilot of the trading script automation system was launched back in 2005, planning of this site started in the beginning of this year, development got pushed into next gear around the beginning of May 2011. The site went live on 11/21/11.
Our main goal was to modernize capital collection by including online payment processors. This has proven to be a very wise choice, as online investors are currently utilising all of the various processors we accept.
Employees of ForexRefleks Ltd CEO Mikko Juhani Pelkonen, CCO Patrick Stone, CTO Logan Riley, John York, Zack Walker, Support Team (which is about to expand by one more operator, in addition to the already existing two) and our traders.
Q3 – Why do you start such an investment program? Is it your first time being an administrator of such a program or you have a bit of experience running such a program? It is also believed that this is a successor of Powerful-strategy.com which was closed accidently, what do you have to say about it?
We started this program more than 6 years ago as a way to test our automated trading systems, which we had just started building at that time. As time crept forward and our automated trading systems underwent more and more refinement, those of us working together started to notice the results – and the results were very eye-opening. We realised we had a great system and after 5 years of fine tuning, a very profitable one. So at that point, I started to marshal resources along with our CEO, and we consolidated, finished our current positions, and became ForexRefleks, Ltd. full-time.
The bulk of my experience deals with managing communications for a corporate entity. So while this is indeed the first time I have run any online investment program, I do have the right tools in my toolbox to keep ForexRefleks successful and in the public eye.
I can assure you that we do not have anything to do with Powerful-strategy.com, nor did we even know of them until we did this interview.
Q4 – Please, in less than 50 words, briefly describe your program.
ForexReflex.com is a new web investment environment. We are a UK based trading group, dedicated to utilizing several meta-theories of harmonic trading, maximizing profit for our investors. ForexReflex represents a new, constantly evolving dynamic approach to investment websites – its widget-based design allows its users to customize the site for faster, easier use. A wide range of investment plans and a three level affiliate system offer plenty of options for making money for everyone no matter your initial level of capital.
Q5 – On the homepage I see a link to “Company Stats” but in actual it links back to the homepage. Can we see your trading stats anywhere?
The link does indeed point to our home page, but it does so for a reason – the Trading Graph widget. This widget takes information from our Trading History Reports and displays it on a graph. Granted, it does not post all the information, but enough needed for a specialist to figure out how we are doing.
There are major reasons we do not post our trading history, and why most real professional traders would never consider sharing their complete trading history.
The use of distinctive strategies are what make each financial institution unique, and make certain institutions appeal to certain investors. Were we to publish our complete trading history, it would easily be reverse engineered and it would make our unique appeal dilute. This would also create a major legal issue for our company.
The automated trading systems at ForexReflex are solely our Intellectual Property. Our original investors, traders, and designers who funded, executed, and developed our systems have all documented this with a very rigid set of legal formalities, including non-disclosure agreements, and defined-work-for-hire agreements. These documents expressly prohibit and provide legal penalties for disclosing, or re-using in another company, the ForexReflex proprietary systems.
We do however give a general idea of what we’re doing without disclosing pages and pages of intra-day trades. The Trading Graph widget gives a great overall snapshot of where we are at in a broad enough sense that will make both parties satisfied – the investor will be informed, and our business remains confidential and protected.
Q6 – Why investors should invest in ForexReflex, how is it different from other programs in the market?
Professional, stable, unique, easily reachable, constantly evolving – those words express best what differentiates us from other web sites marketed as HYIP programs.
There is so much happening in our company besides the trading; we have a great development team who remain actively involved, constantly researching and expanding the site further. Not to mention our Support Department, always ready to help our customers during business hours.
Q7 – How much can your members make from their investment and do they get paid daily, weekly or monthly? What are the minimum and maximum amounts to invest?
The returns vary from plan to plan (1.5% to 2.8% daily), and our payouts depend on each investment’s compounding setting – in case compounding is set to less than 100%, daily interest payments are sent to the associated Payment Processor account. Investment periods are 15, 30, 60 and 90 business days, principal invested amount is also returned at the end of the investment cycle.
Minimum amount for Liberty Reserve and Perfect Money is $1. Minimum amount when investing with AlertPay is $100 and with Bank Wire – $1,000.
Maximum single investment amount is $100,000, multiple investments are allowed.
Q8 – What type of payment processors do you accept and do you plan to accept more payment processors in the future?
Currently we accept LibertyReserve, AlertPay, PerfectMoney and Bank Wire. Further additions will come, but no more are scheduled for the near future (unless demanded by our Members).
Q9 – Are payouts automatic or do I need to request them manually and how much time will it take after request?
All payouts are automatic – both referral commissions and interest payments are sent out every business day 10:00 AM GMT. In case an investment’s compounding setting is less than 100%, daily interest is paid to the associated Payment Processor account. When the compounding is at set to 100%, all earnings as well as the principal will be sent out as one single payment at the end of the investment cycle.
Q10 – Do you allow early withdrawal of Investment? If yes are there any charges for early withdrawal?
No, we do not allow early withdrawal of investment.
Q11 – Tell us in as much detail as possible about the security features of your program. Are you on a dedicated server? How well are you protected from DDOS attacks and malicious hackers?
The more detail we discuss the site’s security in, the more I expose it to vulnerabilities, so briefly:
We have a top-tier dedicated server by Server4Sale. DDos Protection is provided by BlockDOS.
Since there was no pre-existing script on the market that would give us such agility and versatility, we created our own, which took quite a lot of work. Again since we have security concerns, I will not talk much about the technical details.
ForexReflex will push development to keep regularly surprising its clients with interesting new features and add-ons to the site. Our widgets are a one of a kind in the industry, to date.
Q12 – Do you offer any referral program and can members open more than 1 account?
Yes, we do have a referral program. It has 3 levels, and currently – due to 2012 January Referral Campaign – it has double the commission rates it usually has: 1st level gets 10% instead of the usual 5%, 2nd level gets 6% instead of 3% and 3rd level gets 4% instead of 2%.
Our policies allow one account per member. Members with more than 1 account (unless carrying explicit permission from us) will face termination and possible cessation of funds.
Q13 – What are your current advertising strategies? Are you planning any aggressive advertising campaign soon?
Our current advertising strategies cover banner ads and listings on multiple monitoring sites and forums. We will launch new ad campaign pretty soon, with the site going multilingual, we will produce more advertising tools in various languages to further help promote our online presence.
Q14 – Your own forum is going nowhere, what do you have to say?
Our forum, also our official news outlet, is growing on a steady pace. We expect more traffic as the site grows, but main focus is on developing the next up coming site features. Once all features have been fully designed and implemented, we can focus more intensely on all promoting efforts, including livening up our own forum. At this point, we are focused more on the business ends. In the modern internet, the forum is becoming somewhat of an antiquated tool, and we are launching our Twitter feed later in the week: @ForexReflex will start sending out messages in the second half of this week.
Q15 – Do you have a physical office/address for your program/company or do you operate from home?
ForexRefleks Ltd (Company no. 07467893) is registered at 126 Duckett St, London E1 4SY.
Q16 – What level of customer support do you offer members? Is it multilingual/bilingual or available in English only? Are you planning to add more languages in the near future? What is the best way for them to contact you if they have any questions or problems?
Our Support Department is striving to provide Gold Level Customer Service with Live Support, e-mail and our internal Support Ticket system from Monday to Friday, during business hours (10:00 – 17:00 GMT).
Currently our Live Support Operators are available in English only, but this is about to change. With the site about to go bilingual (English and Russian), and with even more languages to come (German, Spanish), we are also extending our Live Support team to be able to provide Live Support in all the languages ForexReflex.com is available.
While we already have a few candidates, the selection process is rigorous and will take some time to complete, we expect to have Live Support available in Russian by 25th of January 2012, and we will announce this via our Twitter and on the website.
Q17 – What about the success of the Program overall so far? Are you pleased with the level of growth to date? What are your expectations over the coming months?
We have yet to exhaust our initial half million pounds, but we are beginning to run into a few triggers that we feel very positive about. We are very happy with the in-flow of investors and critical response so far. But most of all we are grateful to see the public so far have appreciated the amount of work that has gone into making ForexReflex online function smoothly.
Q18 – The most important question, how long will ForexReflex keep paying its members?
As long as there is the internet, and as long as automated computer Forex trading isn’t banned! We see no reason for us to stop if we can keep producing the returns we have been producing, unless there is some major market regulation that breaks our system, but there is no political climate in any nation we operate in where these circumstances would arise.
Q19 – In the end, do you feel that I missed out something which the readers of HIB should know about? Would you like to say anything to HIB readers ?
We have taken a lot of time to launch our trading expertise into the very public sphere, and we thank our current clients immensely for placing their trust in us. We invite everyone who wishes to invest money and have ForexReflex help it to grow to make us part of your investment portfolio!
That’s it guys, thanks a lot to Patrick for taking the time to answer the questions and good luck to all current or future investors thinking about becoming a part of ForexReflex. I will see you guys soon with something really interesting, stay tuned!