Newsletter: BitcoFinancial new program, SteelAssets and ForexStructure are scams RSS - comments

Hola mis amigos!

You might think that nothing is going on right now. You might think that we're just chilling and drinking mimosas all day long. Or that we forgot about you. To all that I say: never! OK, to be honest, I also say "I wish" to the second one.

Or something like, "Maybe someday?". Or, "Are you paying?" Anyway, it has actually been a quite unusual period recently. For one thing, one new program evidently tried to break all-time record of going up and down at the same time (or, to put it less euphemistically, of sucking): we introduced SteelAssets on April 2, 2014 and it managed to achieve the PROBLEM status within 2 weeks. Congrats, I guess..?



With domains created two weeks apart (March 20, 2014 and March 5, 2014) Best Stock and Invest Money seem like twin brothers (or sisters, I wouldn't want to discriminate): they both offer 4% daily for 100 business days, that is from Monday to Friday, with the minimum set at $1 and no compounding available. If you think that the programs are weirdly similar, wait until you peruse their websites. Sure, the design is different, but everything else seems pretty much the same: you've got the "Rules", "FAQ", and "Sign Up" sections, which is pretty normal, nothing of out the ordinary, but the deja vu feeling just would not let me go. It turns out that the "Rules" section, the FAQ section, the signing up process and even the support are all done in the exact same way. Unfortunately, so is the security – by which I mean the lack of thereof. Both programs accept Perfect Money, Capital Sure, Ego Pay and Payeer, and both deal with payouts within 12 business hours. As far as details go, Best Stock actually offers 4 plans with daily profits 1.50%, 2%, 3% or 4%, depending on the amount of money you're willing to invest ($1-$1,500; $1,501-$6,000; $6,001-$12,000; $12,001 and more). Invest Money offers 5 plans with the following daily profits: 1.50% ($1-$1,000), 1.80% ($1,001-$5,001), 2.50% ($5,001-$10,000), 3% ($10,001-$50,000) and 4% ($50,001-$1,000,000). Both programs pay up to 5% for referrals.


If you love to read a lot, Bitco Financial is your kind of program. The minute you open their website you are surrounded by reading materials of all sorts. Even their motto is quite a mouthful:

"A safe and reliable passive income for all online investors presented by a realtime cryptocurrency trading firm".

Phew! was created on December 1, 2013 and the domain was secured with PositiveSSL certificate on March 15, 2014 (valid for a year). You might not see the certificate at first, it seems to be implemented only half-way, but when you type in "https", you can see that it's there. What is Bitco Financial? It was founded by Shawn Smith, "an Irishman based in Lancashire, United Kingdom with [...] family of 4", who used to be "just a single father working as a freelance networker online". Then he found Bitcoin, started "mining" and noticed that "this mountain of virtual coins were starting to hold some value after all". Consequently, he – along with his friends – launched Bitco Financial, their "first online investing program". Partnering with coinbase, Bitstamp, BTC, Cryptsy, Just Coin Exchange and Vircurex, they now "mainly focus on mining, trading and exchanging Bitcoins and other Altcoins such as LiteCoin, PeerCoin, DogeCoin, etc."

According to the excellent FAQ section, the company was legally registered in Preston, Lancashire (UK) in November 2013 (the confirming document can be found here: How do you start investing with Bitco Financial? You need at least $10, a Bitcoin, PerfectMoney, EgoPay, SolidTrustPay, PexPay or Payeer account, and at least 20 calendar days. There are two plans: Plan 1 with 1.67% daily profit for 30 days (including principal) and Plan 2 with 2.5% daily profit for 20 days (principal is returned "in full after plan matures"). In both cases, total payouts amount to 150%. Compounding is always available; due to popular demand, recently, Bitco Financial enabled the compounding option for Bitco Deposits as well., while might seem a bit troublesome to navigate, is available in four languages (English, French, Russian and Polish). Registration is straight-forward, but you do need to use your full name. When it comes to support, Bitco Financial can be found on Facebook or Twitter, but you can also contact them via e-mail (, call them (+44.1772368005) or chat online. Naturally, Bitco Financial has a referral program and they pay "a 5% referral commission for every referral introduced by you".


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