FxEconomy: "We have reached all the goals we have striven for..."

Q: Hello! Please introduce yourself to our readers.

Thank you for allowing me the opportunity to share my thoughts. My name is Edwin McKenzie and I’m the administrator of Fxeconomy.

Q: Tell us please about Fxeconomy and its success story. When it was founded, by whom? What are the main goals of the company and what have you already achieved by this time?

I started forex trading 8 years ago and I like it, because this is a part of Economics and I find it an intriguing way to analyze our daily lives in a systematic way. I found the Fxeconomy in 2005 with three partners, Mr. Alphonse Vallo, Dr.Gerry Weingarten and Mrs. Augustina Langton.
Looking back at the 2010, we can definitely say that this year has really been a success for us. We have reached all the goals we have striven for. Throughout the entire year we have been serving your investment needs almost flawlessly, but we surely admit that there is still plenty of room for perfection. We do hope that the year 2011 will be even more beneficial and successful for you and for us.

Q: You assure that you are an official offshore company. Where are you registered? And where can we see your license and other documents?
 
Fxeconomy Ltd was founded in 2005 in British Virgin Island, but we have three agent offices in UK and US. The scans of the incorporation documents are available for the investors; every investor can contact us and have a look to company documents.

Q: You said that you previously worked with corporations and in 2009 you decided to start working with individuals. Why have you taken such a decision? Do you still Work with companies?

Our focus is creating an exclusive international network in order to present the most advanced methods to enter the world of investment and financing. An international company needs to a powerful website to have customers from all of the worlds. And about working with other companies, yes, we still have our traditional business with offline investors and companies but the online business is the most important issue for our company because I am sure our capital from online investors will be bigger than offline investors in the near future.


Q: Could you please describe your investment plans in brief?

Our company offers its investors 4 investment plans. The maturity period is 150 business days for all investment plans. At the end of the maturity period, the principal amount is returned to the investor. The amount of money you earn will depend on the amount of money you invest (including compounding).

Starter Plan:
Minimum – Maximum Investment: $20 – $1000
Daily Interest Rate: 1.3%

Light Plan:
Minimum – Maximum Investment: $1000 – $5000
Daily Interest Rate: 1.5%

Business Plan:
Minimum – Maximum Investment: $5000 – $20,000
Daily Interest Rate: 1.8%

Professional Plan:
Minimum – Maximum Investment: $20,000 – $500,000
Daily Interest Rate: 2.1%

We accept just four Payment processors, AlertPay, LibertyReserve and PerfectMoney. Stay with us in the world of investment and we promise not to let you down.

Q: You offer compounding in your plans. Can you tell us a little bit more about this issue?
 
Compounding is a financial technique that allows you to use the daily interest you earn to increase your account principal amount.
It offers you a chance to increase your account principal amount by compounding your daily interest either partially or entirely. Available rates for compounding range from 0% to 100%. 0% compounding rate means that you do not compound any part of your daily interest. 10% compounding rate means that 10% of your daily interest is added to your account principal while the remaining 90% is added to your available balance and can be withdrawn at any time. A 100% compounding rate means that all of your daily interest is compounded. You can specify the compounding percent when depositing and you can not change it for previous deposits, Compounded interest is treated as an inseparable part of account principal. Thus, the lock-in period of 150 business days from the date of the initial deposit applies to compounded interest.

Q: 150 days is a long term. Why not to offer investment plans with a shorter investment term?

the long-term projects is natural in real investment firms; as you know, our investment plan offer fixed interest rate, so we pay fix daily interest rate without consider market fluctuations, we have to calculate our plans according to maximum market fluctuations. Perhaps the short-term plan is more attractive for newbie investors but our goal isn’t only to attract investors; our goal is to pay interest on time and stay in the market for a long time.

Q: Do you charge for premature money back?

Yes, if investors change their mind they can refund 65% of total their investment. (35% fees will be charge)

Q: Tell us a little about your affiliate program.

We pay 5% of referrals deposit. Refers don't need to make any initial deposit to become our partnership. Everybody can join for free and receive referral link and start advertising our website.

Q: You offer your site in 6 languages. Was it really necessary to translate the interface into various languages? Today almost everyone knows English...

I am somewhat agree with you, the most investors know English but according to our research internet users are increasingly from non-English speaking countries. At the end of 2002, it was estimated that 32% of internet users were non-native English speakers. This figure is constantly rising. In response, businesses have quickly become aware of the benefits of website localization. Also when a user visits the website with his native language, he feels better and He has more comfortable with the site.

Q: Do you plan to add any new languages?

Yes, we have too many users from Spain and Latin America, so Spanish language will be added soon, Indonesian and Malaysian are next languages. Also we have program to promote our project in Middle East, probably, Arabic and Persian languages will be add in the future.

Q: With what payment methods do you work?

At the present, we are accepting LibertyReserve, PerfectMoney, AlertPay because according to our research these e-currencies have most popularity at this time.

Q: Problems with StrictPay have shocked the whole online industry. You previously worked with this system and had an account with them. What do you think about the current situation?

Yes, we used StrictPay as payment processor but unfortunately we had to remove this payment method and we did refund the investors money that paid with StrictPay. Of course I didn't like StrictPay personally and I am satisfied with our current payment processors.

Q: What security measures do you offer to your investors?

From the time we started to work online we always paid special attention to the security measures. We have a licensed GC script with custom modifications. There is DDOS protection in place as well. Our server is located on a fire-walled dedicated server from Dragonara Network. Our script is completely safe and we have access to special features in management section. Also we have secured version of the site https://www.fxeconomy.com/ and every user can choose an option to surf secured by pressing SSL link in the investor login area. By this option, all data transactions between user and server are protected via SSL encryption issued by Thawte Company.

Q: Do you have anything to tell to our readers?

I think I said everything about FxEconomy. To finish I would like to thank you very much for this opportunity to speak. I’m really grateful that you have given me a chance to describe our work for the visitors of your respected web resource and I wish good profits to your visitors.

Q: Thank you for such an interesting interview! Good bye and good luck!