06/03/09. NovalexFinance Review and Other News

PLEASE CLICK HERE TO READ THE UPDATED REVIEW OF NOVALEXFINANCE!

Hi everybody! Despite what I’ve been saying about a huge backlog of programs to examine, for today’s review I’m dipping in to the nostalgia file and going back to last December when I first joined a long term HYIP site called NovalexFinance. Three wonderful trouble free and profitable months later I find myself coming back to finally reviewing it. It has in the course of time become one of my firm favorites and with an excellent track record like this, rightly so. Of course there is now the obvious question that if I really thought it was so great, why am I only reviewing it now? Well the reasons have been many but mostly it comes down to the admin asking me not to. I know that sounds a bit odd, after all who could possibly not want to be reviewed by the greatest internet site in history, lol! But seriously, the admin kept asking me to delay doing this as he continued making small adjustments here and there and didn’t quite feel it was the finished article yet. So to make a long story short it kinda made it’s way to the bottom of my “things to do” list. And for that I sincerely apologize because I have to say that NovalexFinance is simply an outstanding performer and I regret not sharing it with more of my fellow investors until now.

Better late than never though and as I genuinely believe this one can easily run for several more months (in fact I expect it to) it is still a good time for joining. Why? Let’s start with the plans. There’s just one and it will double your investment in fifty days. It’s quite an unusual set up as far as the payments are concerned. A similar method has since been implemented by the recently reviewed Capital-4You, but this is the original and the best. Basically what happens is that you receive two lump sum payments during your investment term. One of these payments will be your initial principal being returned. You will get that after thirty calendar days. At the completion of your investment term, twenty calendar days later you will receive your profit. So just for a brief example let’s say you invest $100 with NovalexFinance. After 30 days you will be paid $100. And then after 50 days you will receive another $100. Not a bad plan at all really and it couldn’t possibly be simpler.

A minor drawback is that the minimum investment is perhaps a tad high for some. It’s $50. Not exactly a lot of money to some of you but I get e-mails from people around the globe so I know that for others this represents a serious commitment. I think the fact that NovalexFinance has passed so seamlessly from December to March should go a long way towards easing your worries over the expense. The Maximum investment is $50,000. Another uncommon feature of NovalexFinance is that they must be the only HYIP that I can think of that doesn’t accept LibertyReserve. I never bothered asking why, but it is a rare sight. The accepted payment processors are PerfectMoney and StrictPay. But in another innovative move from the management, NovalexFinance have now started accepting deposits from bank wire transfers. I know a lot of sites claim to have this facility but when you actually look into it you find out that it doesn’t really exist at all. Not so with NovalexFinance, who’s bank wires are genuine. And while of course this doesn’t necessarily guarantee anything, it adds enormously to their reputation in terms of traceability. Deposits are accepted in your choice of Dollars or Euros. The examples I have used in the descriptions above are in Dollars as I know that remains the first choice among most of my readers. And no need for registrations either, you can deposit and receive payments directly into your chosen account which is both convenient and also eliminates the need for a script.

Which leads me nicely into the next topic. Security. This is an area in which NovalexFinance also rates quite highly. Hosted on a dedicated server by BlockDos who are the runaway leaders in an otherwise highly competitive business, NovalexFinance has the best protection and back-up support money can buy right now as well as a domain that is registered for five years. Some casual observers may notice the lack of an SSL certificate and think that is somehow a drawback. Not so. By redirecting you to a secure area i.e your payment processor when making payments, NovalexFinance have removed the need for this altogether.

They also claim to be a registered company, this time in Panama and offer a certificate of incorporation as proof. Now as you all well know by now I am not easily won over by claims like this. For NovalexFinance though, based on the fact that they accept bank and ACH wire transfers and therefore open to some form of accountability (or at least open to being tracked), there may just be some truth in these claims. Maybe. I’m not in a position to prove anything of course, but anyone who thinks they can make a more informed judgment please get in touch. They also offer a functioning telephone number who can ring if you are so inclined. I checked it out and can only verify that it works. I did not get an answer though. Hope I didn’t disturb the Panamanian siesta with my call, lol! An answering service would have been nice though, so if the admin is reading this he might at least think about that.

What else to say? The design is pretty good. Well laid out, easy to navigate and customer friendly. There is an FAQ page that is simple and easy to read while still being highly informative. There is even a guide to opening and funding e-currency accounts which is a nice touch. At least it shows some attempt to take care of the less experienced players. NovalexFinance is also translated into a huge variety of languages, eleven all together including English. I read the French and the Russian versions and must say the quality was a lot better than the usual internet auto-translating tools you get from Yahoo or Google, which often comes out as nonsense. Other language speakers please feel free to get in touch and let me know if they did as god a job in translating into your native tongue.

The bottom line? I am hugely enthusiastic about this one and to be honest I think I like it more now than I did when I joined. So let me say now that as an experienced player in this industry I expect to see NovalexFinance around for several months more at least and is exactly the type of site where I am willing to spend my own money. Not more than I can afford to lose of course, and as part of a diversified portfolio. (Remember that bit too).

Other news for today.

After such a detailed review I feel the need to tell you more about the news and views from the industry that went on today. Well, let’s start with some good news for the members of SolidTrustPay. It seems that the payment processor is back online after more than 24-hours of downtime. I found this message on their support site:
“Our server is presently undergoing maintenance, but will be up again shortly. Please check back periodically.
NOTE – you will NOT be able to login! If you try, you will receive a “wrong username or password” error message or a “user not found” error message.
Thank you for your patience.”
Fortunately now the STP is fully functional and you can login and perform your transactions freely. The only concern is some missing payouts that you might notice in your account. I have just received the following email and have discovered that I have one missing transaction from GoldNuggetInvest. I have sent the requested info to STP and hopefully the transaction will be restored soon as they promised. Here is the latest update from the admin:
“Thank you for your patience during our recent server maintenance. Our hard drive began to fail yesterday afternoon but has been repaired now.
For a few members, a small number of transactions time stamped October 5 from 1:00am onwards may not appear in your account. If you have received an email notification for a transaction that no longer appears in your account, please send your email notification to: payments@solidtrustpay.com and we will be happy to update your account for you.
NOTE – if you requested an ACH deposit OR withdrawal that is no longer appearing in your transactions list, please just redo the request and it will be prioritized.
If you requested an STPay VISA debit card withdrawal, please re-request that also.
Once again, thank you for your patience.”

By the way, speaking of GoldNuggetInvest (reviewed here) I must say that the program is really the best around right now and the admin Robert (read my interview with him here) has some rather grandiose plans for his program which he is about to disclose exclusively to readers of Money-News-Online in the upcoming interview with him that will be published on my blog next week. You will definitely not want to miss that!

There was more proof posted today by the admin of FloatingFastProfit (reviewed here) confirming that LR may not be as safe as it seems. There was even a link to the screenshot posted on the website from what we can only see one particular transaction that can be anything. I hope this incident (if it really happened) will not become an excuse to close the program but anyway I would not recommend making deposits in FloatingFastProfit now until we hear something more positive from the admin regarding his issues with LR. This is what he published on FloatingFastProfit website:
“Dear members, Very bad news.
ATTENTION: Our main LibrtyReserve account: U6001669 (FloatingFastProfit) was hacked via LibertyReserve XML API interface! I already sent complaint to LibertyReserve Abuse department.
Information about scam transaction:
API Date: 3/6/2009 18:03 Batch#: 12750129 Account: U5375926 (account) Amount: $4037.76 Fee: $0.00 Balance: $10.00
Please, contact LibertyReserve also to block U5375926 (account) account immediately!
Give me 1 hour, I’ll prepare detailed report.
Added on Friday, March 6, 2009 1:55pm
Dear members, It’s a shock! Fast security check …
I checked all scripts on the FloatingFastProfit server – no changes, no new files, no security warnings.
I checked LibertyReserve U6001669 (FloatingFastProfit.com), sections XML API – in progress …
Scam transaction was done via LibertyReserve XML API interface, but I can’t understand how!?!?!
All security options in LibertyReserve account is ON. Of course, the IP filtering for XML API interface is ON!
All API transactions can be done only from FloatingFastProfit server IP, because the IP filtering for XML API interface is ON!
Here is screen of U6001669 (FloatingFastProfit.com) account
I continue investigating the situation“.

Those of you investing in NanoMoneyCorp (reviewed here) should know that due to the upgrading of their systems email support is temporarily unavailable and to get a proper reply to your query please use Live Support chat. Here is the latest from NanoMoneyCorp:
“Temporarily mail off-line.
Dear investors and partners!
Due to the reconfiguration of our mail server our mail is temporarily off-line. We are applying better security and reliability for our mail server.
Live support is working normal conditions and you are welcome to ask your questions there if any arise. Thank you for your patience and kind support!”

CashDispenser program that was announced on my blog yesterday and yet to be reviewed fell victim to blackmailers (imho this is becoming a dangerous tendency in the HYIP world and I advise all admins not to hand over a penny to these extortionists. It’s the only way to beat it). Anyway, it seems that the admin of CashDispenser didn’t think of giving in to blackmail demands and decided not to pay any ransom:
“I have received a lot of black email, some rascals sent email to me and try to bled me for money, they said: WE STOP NEGATIVE VOTES AFTER YOU PAY US!!
What a shameless people! They’re gusano in shit! We will never yield to blackmailers, such goings on will have to stop. I hope every member can resist these people with us.”
So if you see negative votes regarding CashDispenser you know where they originate from. By the way, I have been paid instantly by CashDispenser today for my first 1.5% daily payment to my LR account.

Actually, I received my first payments from the other two new programs that were presented on my blog yesterday too: GeneticsIndustry (instant payout) and Tradirex (the first ref commissions received very fast after request). I have decided to move Tradirex to my list of Personal Favorite programs as I believe the program is already very popular and has a bright future ahead. I will review it on my blog very soon so stay tuned for that.

Unfortunately not all the programs are performing well and I had to move 13Daily.Pro to Waiting status on my monitoring page. It is perfectly ok to wait for the payouts to be processed within 3 business days as stated on the website but it’s intolerable to receive some complaints from the members that they were waiting for more than 72 hours for their withdrawals. The admin of 13Daily.Pro once being very active stopped replying emails which is a very bad sign. I advise you not to invest in 13Daily.Pro until further notice on my blog.

It seems that ResidualForexIncome is paying selectively too. I heard that some members can’t even get a reply to their emails and their payouts are still on hold. I’m talking mostly about the new 10 day plan that is still accepted by ResidualForexIncome. There was possibly a bug in the system and now the deposits just disappear on expiry. I have reports that some people are waiting for their payouts for many days. This is not a good situation and I appeal to the admin of ResidualForexIncome to please stand up and give us an update. The silence will definitely kill this program and nobody wants to see that happen.

Finally I would like you to read the interview with the admin of 10DailyProfit (published here) if you are a member of this program and haven’t done so yet. They have added some new useful features to the site and I believe members will find them useful. I’m glad that the admin made the plans more sustainable (you can compare new and old by reading my review of the program published here). Here is the latest update from them:
“Warm Greetings to our Wonderful 10DailyIncome Family,
Just want to touch base with you and affirm that all is super-well on the “home front”. Payouts are 100% up-to-date at this moment, all support mails have been answered , and 10DailyIncome is ROCKING !!!
We are also pleased to announce to you that we just had 2 interviews, you can visit our homepage and take a look at the interviews.
Secondly, We just added a program on our site to help you refer your friends to this program easily. Login to your account, on the members area you will see a banner which states [Click here to tell a friend about 10DailyIncome], click on it and start bringing in new members.
All paid members should please visit our monitors to cast a vote for us.
Finally, All free members should please upgrade their account or will be deleted from this program permanently.
Thanks and have a Wonderful weekend.”

To close I would like to mention the programs that paid me today: Tradirex, SilverLodge, ProjectSurf, Nova-Surf, NovalexFinance, EnscoOffshore, StablePackages, Invest-Power, 7Inv, GeneticsIndustry, CashDispenser, AmaizingAds, 4BrothersInvestments, NanoMoneyCorp, PanaMoney, MajorBarter, AcrylicTrade and GoldNuggetInvest. See you on my blog tomorrow, guys, and have a nice weekend!