The sphere of earning on the Internet is very vast: a huge number of people are constantly looking for some new ways to make money online. Someone turns to the creation of sites, programs or games; others trade in things, electronic keys, accounts, and more. Well-known and very popular throughout the world can be called the sphere of currency trading. This is a real bonanza for those who understand the world of finance and are able to analyze various events leading to changes in the stock exchange.
In the foreign exchange trading segment there are several areas. The most famous is the Forex market - trading currency on the Internet by connecting to a brokerage platform and entering into transactions for currency pairs. Another interesting way to make money is binary options. This has already been mentioned many times on various sites, blogs and forums; you probably saw an advertisement for such services where everyone can start trading options. Advertising banners, various screensavers and text links - all this screams about the opportunity to capitalize on those very options.
In this article, we’ll just talk about this way of generating income. However, we will be talking specifically about one broker who quickly attracted the attention of a huge number of people and managed to disappear with the money of unsuspecting victims. The project is called FrontStocks.com. We will use the reviews about it as the main source of information about the service in order to learn more about the nature of the project.
Another project with options
It all started quite typically - the same advertising is bought by dozens of other programs that exist to this day. There are a lot of similar brokers, all of them offer to earn big money in the shortest possible time, making elementary forecasts for currency pairs. According to the project developers themselves, everyone can make a profit here, the main thing is to make the right choice.
The same thing (as reviews about FrontStocks) is claimed by those who write information about other similar projects. Allegedly, everyone earns money here: unlike Forex, where you need to carefully monitor quotes, predict the movement of currencies and constantly analyze the situation around those pairs with which you work. In binary options, everything is simpler. There are two buttons: increase and decrease. Your choice is how the exchange rate will change over the next specific period of time. According to FrontStocks reviews, this project was initially presented as a similar kind of platform where you just need to bet on the behavior of the currency.
Conditions
On thematic resources, a whole wave of messages appeared about this broker. Users distributed information about him, describing the working conditions, advantages and disadvantages of the system. Here, items such as the minimum bid amount ($ 1), the lack of commission from the system, various bonuses, etc. were described here (we will discuss all this in more detail later).
In general, as FrontStocks reviews say, the company’s working scheme was simple: it had guarantees, trusting which, users contribute their money to the system. Further, they can trade binary options on them - enter into various types of transactions, making predictions on how the course of a particular currency will change in the future. If in real life the value of the currency really increased, and the user made the appropriate bet (that is, in fact, guessed it), then he takes his winnings (income). Various reviews of FrontStocks LTD prove that some were able to successfully conduct their activities on this project, making correct forecasts and taking income. Perhaps this period of the platform’s existence was envisaged in order to attract as many participants as possible and, thus, bring maximum funds into the system. At least it was done believably. We were able to find that many reviews of FrontStokes are laudatory; people claim that they really pay here. Not surprisingly, there are a lot of users registered.
Promotions and bonuses
Not the last role in attracting new participants was played by special offers from the administration of the resource. In particular, we are talking about a deposit bonus of 35 percent. Perhaps, of course, this is not the only such move to encourage users to carry money, but the reviews about FrontStocks speak, at least, only about it.
The opportunity to get more than a third of the funds contributed just so located the participants to this site. And all this despite a higher entry threshold than in some other companies.
In addition to the indicated bonus of 35 percent (he acted, by the way, with the amount of $ 100 deposited to the account), there were other incentive programs. For example, this is a 50% bonus if the user makes the first deposit to his account. Agree, the offers look very profitable (especially in comparison with other sites of this kind); therefore, the project gained popularity among users quite quickly.
Guarantees
Of course, the company could not start its activity so rapidly without any more or less convincing guarantees that were shown to users. According to the reviews describing FrontStocks.com, such were, firstly, a convincing story that this project has been operating since 2009; secondly, that a large company (a real legal entity) is behind the entire system, which also acts as a guarantee of the reality of their proposals; thirdly, a large amount of advertising, generously paid by the organizers. All these factors are more likely to have a psychological effect, under the influence of which a person really begins to trust his money with this broker.
Feedback on the FrontStox broker, which was probably written for payment from the administration, also had considerable weight in the eyes of the participants. If you look at different resources with such recommendations, you will notice that part of the reviews was made by one person (under different accounts), for this reason the administration of these sites issued warnings to such users. That is, attempts to wind up the rating of this company and force people to invest in it are clearly visible. And who can benefit from it, if not to the owners of the platform?
Deposit / withdrawal methods
Bribed, on the other hand, and a wide selection of methods for depositing and paying out funds for which trade can be conducted. As reviews of the FrontStocks broker show, all the most relevant exchange methods worked for the Russian trader here: bank transfer, card, Webmoney and others. That is, anyone who is interested in options trading can make a minimum contribution of $ 100. And the profit rate (85%) is also considerable, which could serve as another way to attract players.
Benefits
Of course, in fact, this project should not have invested at all. This is a clear fraudulent structure, which was organized in such a way as to lure as much money as possible from traders. However, at the time of its peak on the company's website, as well as in various reviews, one could find information about the advantages of the platform: that this is a new binary options broker, which is very reliable due to the many investors and the presence of the guarantees mentioned above. In addition, this is supposedly in itself - a large business project in which dozens of specialists are involved.
Still here, for example, a wide range of currencies that can be traded has been introduced. In the field of binary options, these are tools to make money. The greater the choice, the more profitable for the trader, since he can understand the movement of one of them. As a result, FrontStocks (people's reviews can confirm this) was able to raise a lot of money, while still remaining with a good reputation, which crumbled right after the first reviews of the deceived.
Beautiful fairy tale"
In fact, the story of a new broker that allows you to earn on options turned out to be just a fairy tale. All those reviews about FrontStocks that spoke about a long and successful collaboration with her were most likely written to order. The people who found them were simply misled, which led to their further registration on the site. Initially, the platform enjoyed the trust of customers.
At the same time, the organizers very competently composed various posts on the forums, launched various blogs describing their site, presented photographs of a company registered somewhere in the offshore zone, which they linked to this brokerage center. And no one thought that the site could just shut down.
As the comments prove, people until the last thought it was possible to revive the resource, its further successful activity and getting a chance to earn more. But to act the same as a number of other companies in the same market segment, FrontStocks.pro (reviews will prove it) failed. Service has closed completely.
Reality
In life, no matter what the percentage of the platform’s profits, option players were unable to withdraw anything. Their money, which was earned, multiplied honestly and continued to be stored on the trading account, simply evaporated. After all, we do not even have a bank that guarantees the safety of money in their accounts. Each user with a broker has a completely different relationship. Instruments of influence on investors who use such projects are borrowed from the financial pyramids. This is manifested even in the fact of connecting mass advertising, in compiling positive reviews, an active affiliate program, and more. In fact, obviously, the administrators did not think about the project’s potential to earn real money: all contributions were accumulated, after which the founder of the project disappeared.
In the trading process, people who managed to earn the minimum amount for withdrawal also became victims of dishonest owners of the platform. For example, reviews describing a project often indicate that accounts were blocked. Tracking the trend as such was not easy, since each had only one account. If you lose it, then access to the system is lost, and a person cannot leave a review. Of course, this can be done on other sites, as many deceived people did. The fame about the resource spread, and due to this it cannot be said how many investors simply abandoned their idea to participate in this.
It can also be done in any other situation, if the organizers of the resource have real access to invested funds. Therefore, it is recommended not to forget to check the service through which you will trade.
It may be that immediately after opening a virtual account, the system will show you profitable trades. However, as the reviews say about the site http://FrontStocks.com, immediately after introducing real money into the balance, the entire trading strategy can change dramatically, to the point that people lose all the money invested in this game.
Project closure
If it is true that what was indicated on the website in the "Warranties" section is fiction, then all further allegedly successful transactions are called into question. After all, the interest in taking the contributions of traders who plan to earn clearly dominates the owners of the resource over everything else. Therefore, it is better not to mess with them.
Today, as already mentioned, people simply lost their money. If you suddenly become victims of such a project, do not worry. In fact, it is impossible to get those people who launched a project that manages the money of traders, bought positive reviews about FrontStocks. Funds could be distributed between other binary options accounts; cashed through anonymous exchangers and taken to an unknown destination. How to find them? Obviously, this is not worth thinking about.
FrontStocks website completely stopped withdrawing funds (reviews about which you were looking). Now there is just a page on which the advertisement is located. Even in this way, the administration is probably earning some money for displaying commercial ads.
conclusions
Today, if you look for information about FrontStocks, reviews will only contain complaints and information that the project has been moved to the scam list. Therefore, we can say with confidence that this resource has got what it deserves, having completely lost the trust of users.
But as for the fate of the organizers, then most likely they will launch several more companies to work with options. And this is what you should be afraid of.
In fact, you can start work in this area. There are examples when people really made from their hobbies and financial hobbies some kind of source of constant income. But these are clearly not projects like http://FrontStocks.com.ru. Testimonials from experienced participants prove that professionals quickly determined that this resource would close with nothing.
On a real platform, all the work of a trader will be built in a different way. For example, during the advertising campaign, real stories of earnings will be made without such inventions that were made for FrontStocks. After all, if since 2009 this company has been successful, then they probably should have had at least one inspiring story. But, alas, all the news dates back to 2013, and already in 2014 problems began with this resource. The project did not show any stability and long work at all.
Tips for the future
Before investing money to trade, learn as much as possible about the broker. Check how long the company domain has been registered. Based on this indicator, it can be concluded how true is the story that the group has been operating since 2011, 2010 (and so on).
The second is wallets and payment systems. Check the reputation of the sites you work with by evaluating their business level. In Webmoney, for example, this is very simple. All data is open to study the activities of the company. In another situation, just try to read reviews and features as much as possible. If the company pays, you can invest a minimum amount in the form of a sample.
Ratings
If you are just starting to trade binary options (in the case of FrontStoks, players with little experience are caught by scammers), it would be worthwhile to study different thematic ratings.
They make it possible in one place to get acquainted with several offers at once, choosing the offices you are interested in, depending on the size of the contribution, profit rate, available ways to replenish your account, and so on.
Using such services, you also get some kind of characteristic, reviews about the company. Therefore, the picture will be more complete.
Opinions of other players
Of course, do not forget about the reviews either. There are entire resources where you can find the characteristics of any site with options. Another question, as recent events have shown, is to make sure that you trust such reviews. After all, in the end, and about FrontStocks, which does not pay, now you can start writing positive reviews, encouraging people to participate again. Those who have not heard of this business before, can really be interested in the offer and accept it.
Therefore, keep in mind that some reviews may be paid, some of them do not correspond to reality. Percentage of 60-70 reviews may be the most useful source of information for you. It is they who are worth looking for if you want to try trading options for yourself again, open this new market of opportunities again and try your hand at it.