First Thoughts on Bitstil.
BitStil just began a “Gold” listing on the EmilyNews monitor. They are a fairly new company and have been online for two weeks or so. We welcome them to our monitor and hope that they will be with us for a long time to come.
BitStil claims to generate its revenue by means of trading on the stock markets. According to its website,
BitStil Company is involved in both direct stock trading in packages of $10,000 and above, and transactions using CFD contracts, which allows us to execute prompt and wide-scale asset diversification while reducing any possible trading risks. Over 60% of the total profit is used to pay interest to our clients, while the other 30% is covering the fees and wages for our traders, with the rest of the funds forming a reliable financial cushion.
The website goes on to explain the reason why the company needs funds from online investors as follows:
The main disadvantage of large currency exchanges and stock markets is a high entry threshold. In order just to obtain permission to direct stock trading, you must have at least $5,000 on your trading account. This amount can be quite challenging for most people. BitStl allows everyone to take part in trading on major world exchanges and markets, even if they don’t have the required amount of money on their hands. This becomes possible by the means of creating a common financial pool. Funds from hundreds of investors from around the world are accumulated in the accounts of our traders, who multiply them and return them to customers, keeping just a small fee for their services. This provides privat investors with significantly larger opportunities, while allowing us to work with bigger budget, thus maximizing the amount of profit.
Bitstil offers three plans for the online investor. All of them are 15 working days long. However, they are different TYPES of investment plans. The first pays you a daily return that includes both your interest and deposit. The second pays you a daily return that only includes your interest; your deposit is returned to you at the end of the plan. The third pays you a one-shot return at the end of the plan that includes both your interest earnings and your deposit. Minimum investment requirements vary from a minimum of $15 up to a maximum of $2,500 — which might be prohibitive for many investors. As you might expect, it looks like the more profitable plans have the higher minimum investment requirements.
We’ll be reviewing the BitStil program in a few days and will explain its investment plans in greater depth at that time. Please stand by…
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