24/08/08. ResidualForexIncome Review and Other News

WARNING! THIS PROGRAM STOPPED PAYING! DON’T INVEST!

Hi, guys. Today I would like to introduce you to a promising low-ROI program called ResidualForexIncome. Well, I think for the first time in my expierience I will start not with a description of the plans but with the description of the company itself. I really believe (together with the admin of ResidualForexIncome site) that if you can’t trade on Forex but want to achieve the same or even better results of professional traders who can make thousands of dollars daily why not try outsourcing? Actually it’s how Mike Tycoon, the administrator of ResidualForexIncome site started his real success in the Forex field. Well, he was an experienced trader even before that but he really started to earn much money by outsourcing his Forex activity to his professional colleague who didn’t have enough money to trade on Forex by himself. For some reward this trader started to work for Mike using his money as the starting capital. Very fast it became obvious to Mike that he really missed this opportunity of outsourcing for so much time. The business grew fast and in a couple of years (in 2007) it became clear to Mike that there’s necessity to expand the business to a new level by attracting the funds of online investors. That’s how ResidualForexIncome was born.

The deriving of the name came from three words and as it’s explained on the site: “Residual – means passive, Forex – is the Forex market, Income – is extra money you earn participating in our project“. It’s that simple to outsource the work of earning on Forex to the professional in this business. But if it’s really safe you may ask? Well, if you are in this HYIP industry for long enough you may be experienced and never trust the online investment programs completely. And you’re doing the right thing of course because there’s always a rule to spend the money you can afford to lose. And even a registered company (be it offshore or not) cannot give you a guarantee that your money is safe with it. Let’s remember for an example the recent disappearance of AcmosTrade program which was properly registered on Cyprus or the demise of e-Bullion payment processor because of the conflicts with the US authorities. As you can see there’s absolutely no guarantee in the online investment world and you should be perfectly aware of this. That’s why ResidualForexIncome program is nor fully registered neither it has a real office yet. It was decided that the program should take off first and gain much popularity before opening real offices and registration purposes. Since ResidualForexIncome program is operating from the Netherlands it was decided to open a small mini-office there very soon. It will be responsible for working with clients by receiving phone calls and faxes and providing online support to ResidualForexIncome customers 24/7. Real meetings will be available for VIP clients only which will help to avoid unnecessary taxation and keep the program’s privacy for some time before it can become popular.

As you can see ResidualForexIncome doesn’t hide from unpleasant questions and really tries to honestly explain why they did one thing and not the other. I like this approach and think that by doing such important statements and not hiding the truth or offering to the clients the fake documents with offshore registration that often doesn’t mean absolutely anything ResidualForexIncome company deserves to be in my Top Recommended programs list. Let’s talk about the investment plans ResidualForexIncome offer to its potential investors and which they finalized just recently before coming online a couple of weeks ago.

As in any real company that actually trade on Forex the interest rates offered by ResidualForexIncome are quite conservative and depends on the amount of money you are ready to deposit. For example, for the amounts starting from $10 (the minimum deposit that is allowed) you will get 1.22% during 180 trading days. Starting from $100 you will get 1.28% daily. For the large investors willing to deposit more than $1,000 there are more attractive rates up to 2.22% daily available. Currently only LibertyReserve deposits are accepted by the company. The withdrawals are allowed to make only three times per week (the minimum withdrawal is $0.5 which will be increased in the near future). The withdrawals are also processed by the administration of the site three times a week from Monday to Friday so on average you should expect to be paid within the 48 hours timeframe. There is a compounding option available for ResidualForexIncome investors and you can actually increase your profit by setting up your compounding percentage from 0% to 100% in your profile.

I think I have many more questions left that are to be asked the admin of ResidualForexIncome in my upcoming interview with him. I already received his prior consent to conduct the interview and I hope to publish it some time next week. But even without this interview ResidualForexIncome promises to become a well-established and stable program soon which the HYIP market has a lack of currently. Stay tuned for the interview soon!

Other news for today.

There’s a weekend report that I received from T3Surf admin Paul today. It’s devoted mostly to blackmail attempts and SolidTrustPay verification issues. I think I will not comment on this anymore and will let you read by yourself what the admin of T3Surf had to report (read the interview with him on my blog here for more details about T3Surf):
“Just few days ago I received a threat from some people who threatened to bring down T3Surf if I do not comply with what they want and what they want is simply something we should not tolerate and that is extorting money from me. Anyway, we did not give in to their requests so they said they will sabotage the program using false information to be posted around the internet to try and put dirt unto t3surf.com’s name and my name. Ok so that is not too much of a problem so let’s leave that issue.
Ok now regarding program status and stability. Ok program is doing ok on some processor upgrades but particularly on LibertyReserve and AlterGold upgrades we need more upgrades using this processor to cope up with the daily cashouts into these processors.
SolidTrustPay still has not updated our account status to VERIFIED maybe because it’s a weekend so no problem. As soon as they verify the account then all SolidTrustPay cashouts should be processed quickly.
I urge everyone to please vote for us and post at the forums to expose our program more. Also deposit using LibertyReserve please if you can. Thank you for your time reading this update. I hope you found it informative and useful for your questions you may have in mind regarding our program.”

It seems not only T3Surf program has issues with SolidTrustPay. MegaLido admin seems to have some issues with them too. Otherwise, how can you explain that all the pending payments were cleared today except the ones that should have been processed to SolidTrustPay? It’s great that MegaLido paid all the other earnings and I hope it will continue like this but I would like to hear an answer from admin regarding the pending STP withdrawals. You can read my interview with the admin of MegaLido Michael published here.

TrustyPig‘s admin Costy recently announced that the upgrades made via SolidTrustPay payment processor are again credited instantly to member’s accounts like it was before the hacker’s attack who managed to add several thousands of fake STP upgrades to RollerSoft script which TrustyPig program is run on. You can read my interview with the admin of TrustyPig Costy that was published on my blog here.

There’s another update available on 8DailyForever website and it seems they still suffer from the upgrades not been credited automatically to member’s accounts. In addition there was a hurricane that preventing the admin from answering the emails for the last 20 hours. But it seems that all withdrawals are processed daily and there’s nothing to worry about the stability of 8DailyForever (read my review of the program here):
“Thank you for bearing with me these past few hours. As those of you know who visited our blog, I experienced an internet failure due to a very severe lightening storm in the area where I live and work, and I lost my connection for about 20 hours. YIKES, that gave me a very helpless feeling!
As soon as I was able to access again, I hurried to catch up with the manual upgrades awaiting my attention, and to process the payouts, and these have now all been fulfilled.
Today alone we paid out over $3,000 in withdrawal requests! 8DailyForever is a very busy program, and many of our members are already supplementing their incomes with excellent rebate returns on their adpacks.
I have been asked how much our withdrawal fee is. It’s set at 1%, which is low in comparison with many traffic exchange programs, and barely covers our support costs, so do enjoy while it lasts!
Hope you are enjoying your weekend as summer draws to a close, and the kids prepare to return to school.”

I’d like to notice that finally my daily interest in LargeSum has been successfully added to my account. I remind you that the program has some difficulties with the script and the daily interest was not credited to member’s accounts for a couple of days. It seems now everything is back to normal and LargeSum is again back on track. Well, I had no doubt it would be ok because for its almost two years online LargeSum had some ups and downs. But there’s one thing it couldn’t stop doing: pay to its investors on time. That’s why LargeSum is a highly recommended program though it’s a low-ROI HYIP with quite a high minimum to deposit of $150. But if it doesn’t stop you and you’re looking for a really stable online opportunity you’re welcome to read my review of LargeSum that was published here.

Guys, I’d like to tell you that I joined a very promising program today that will be very big soon (I have absolutely no doubt about it). It’s called AmistaFund and it offers you three very attractive plans: 110% after 5 days, 125% after 10 days ansd 150% after 15 days. AmistaFund accepts LibertyReserve, Pecunix, PerfectMoney, V-Money and AlterGold and is built to last. Just look at their design, anti-DDoS protection and direct payouts option! Well, you can read the detailed review of AmistaFund program on my blog tomorrow. I joined it today and made the deposits in all three plans so I will update you on AmistaFund‘s performance very soon.

Despite the fact it’s Sunday today which is a day off for many programs as well I received some payments from many programs including: RamiCapGroup, T3Surf, BristolCapitalGroup, MegaLido, UniCreditInvestment, SafeAtom, MaxShare and Tradelite. I also made my first deposits in a new but very promising AmistaFund program which review I will present to you on my blog tomorrow. Stay tuned for that!