17/03/09. StanCapital Review and Other News

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

Hi guys! Or maybe I should say “Go mbeannaí Dia is Muire duit, agus Beannachtaí na Féile Pádraig oraibh”!

What was all that about you say? No I didn’t just start pushing random buttons. It’s an Irish greeting that I thought you might like on this Saint Patrick’s Day. When everybody of every class color and creed seems to claim an Irish family and sink a few pints of Guinness, I hope you’re enjoying this annual day where sobriety takes a back seat, lol!

Anyway, back to business. Today I want have a look at a new program I joined just yesterday called StanCapital. Not a bad program at all. I quite like it but it’s not without some flaws either. I’ll get to that in a moment but first I’ll have a look at the plans. And the first thing to almost jump off the page at me was the similarity to the recently closed InoFund. Now before anybody shouts “scam” I can assure you that is where the similarity between StanCapital and InoFund ends. There is no connection between them but I simply mention it because Inofund had a lot of fans (I was one myself) so if you did well from it you might wish to take note here too.

There are three plans on offer here that vary from short to medium term. Starting with the first one, I suppose you could really just consider it a test plan. For a minimum spend of $5 you will get paid 1% for 3 days with your principal returned. Maximum allowed investment is $35 so it really is just intended for test purposes I think.

Next, a more serious option is where you can invest a minimum of $35 you can join a plan that pays 2% daily for 7 days. Actually it is a two tier system that pays 1.9% on deposits between $35 and $500 and 2% for amounts above that up to the maximum allowed of $5000 Your principal will be returned on maturity giving you a maximum of 114% back. The option of compounding is also available here, in fact it’s compulsory with the amount at your own discretion. You can select from 5% to 100%.

And finally a slightly longer term option is the 30 day plan. A $500 deposit is the minimum requirement for joining here, with a maximum of $5000. Your principal will also be returned on expiry and during the investment term you will be paid 2.8% per day on amounts from $500 to $5000 and 3% per day on larger amounts up to $20,000.

LibertyReserve is presently the only payment processor being accepted and I am not aware of any plans to add more. And as I only joined StanCapital yesterday, I have only been paid once so obviously that is all I can comment on. But it was a fast and trouble free experience so let’s hope the admin can keep up the good work on that front.

So far so good for StanCapital. The plans are decent enough but is the security up to scratch? Well this is the flaw I mentioned at the start. First of all there are some good aspects to it. It’s hosted on a dedicated server for instance and the benefits of that can’t be overstated. The hosting is provided by NetServicePro and while this is not a name I am that familiar with, I do know that they also host AcrylicTrade and they have done a top rate job in supporting them and keeping them online. In fact I am unaware of any downtime ever being suffered by AcrylicTrade so I think we can take it for granted that StanCapital is also receiving the same high standards in support and protection. The problem is the script. It’s not licensed and that can bring about it’s own problems to the programs performance. I won’t go on about it at length, but I do advise you to be aware of it when investing. If they are real traders like they say they are, then fixing this problem shouldn’t be too big a problem for them. Other than that, the fact that LR is the only accepted e-currency is also going to hold them back. But if the script can get fixed then this should also prove an easy problem to solve.

So my final verdict is still positive. I like the plans. They are both sustainable and profitable. I also like the way the investment amounts overlap, thus keeping all plans accessible to a wider range of investor. Always a good move for the survival and expansion of the program. Hopefully the admin will agree to an interview soon and I can ask him about the concerns I mentioned at the end. It won’t take a huge effort to fix it. StanCapital is still one to watch though, and an affordable investment as part of a diverse portfolio might not be a bad move.

Other news for today.

Today’s news update is mostly from the autosurfing world. And first I would like to issue a warning regarding MyMBO. It seems the program is going down without even finishing their first round of payments. I guess only some monitoring sites were paid because I can see many angry comments on forums from usual investors telling us that they are waiting for 48 hours and even more to get paid. I can’t confirm or deny these statements because I will only complete my own first cycle in a couple of days. Although I think that chances of getting paid are quite slim because the admin stopped answering support tickets as well and this is already a big warning sign. So I had to move the program to Waiting status on my monitoring page (tomorrow I will move it to Not Paying) and now advise against investing in MyMBO which seems to be another quick scam.

PacificSurfing (reviewed here) should pay me tomorrow as the first cycle is completed and I joined the program almost on Day one. The update devoted to this event was sent by the admin of PacificSurfing to all the members today:
“Hello there. Just to let you know that today is the day when the first payments will be sent. You should expect them within the next 12 hours.
I have received some emails about our site being out of reach. For those members who were unable to surf please email me as soon as your upgraded membership expires and I will credit your accounts for missed days.”
Well, it seems all we have to do now is to wait some paying reports.

ProjectSurf (reviewed here) is paying and getting ever stronger having more than 600 members after 4 weeks online. The admin tries his best to send updates to the members almost on a daily basis. Well, today I have received another update from Frankie, the admin of ProjectSurf (read my interview with him here):
“Hey Everyone, All Payments are up too date, Please post on the forums and Monitors – I want to create the best surf in this industry! – Thank You Everyone for Your Support! -This will no doubt be the best surf on the Net!!”

Surprisingly even for me 10DailyIncome (reviewed here) is still going smoothly with fast payouts after several weeks online. Of course such daily paying programs can’t last forever so to attract new members the admin should be creative and give the existing members some incentives to bring more new ones. Here is how the admin of 10DailyIncome Susan did it in her latest email:
“I have finished all payments today, Please support us by voting and posting in monitors/Forums, to keep the growth of 10DailyIncome.
We are proud to announce to you that we just open a new referral contest, this is BIG!!!. We will have more than $200 reward for the winners. The prizes are divided in Seven categories $55, $45, $35, $30, $20, $10 and $5. You can earn one of them by referring new members to the program, by creating a video cast about 10DailyIncome and adding it to youtube or other investment blogs, by helping members on forums, by sending us a review or testimonial about 10DailyIncome, by setting up an earning strategy (you don’t need to apply it) and let us know that and by using your creativity to show 10DailyIncome to other members. We would like to give out the rewards to Active members who were a big part of our success.
The contest is officially opened and it will run until April 10th, 2009. I hope you will all participate, as there are great chances for all of you to win a prize. Remember that the use of incentives is allowed, as long as you do not spam or you use any other illegal ways of promotion.
I appreciate your continued support, thanks for being a part of 10DailyIncome and good luck on the contest, I hope you enjoy it.”

It seems AsianInvestGroup (reviewed here) is quite serious about getting more popular among investors. And to be more competitive among very many good HYIPs they will give the investors more choices to invest using their favorite payment gateways. So today they added StrictPay to their list of accepted payment processors. In my opinion, this step will definitely make them more popular among online investors. Here is the latest from AsianInvestGroup:
“Dear clients, Per your requests we have added one more payment system – StrictPay (SolidTrustPay is also coming soon next).
Some words about StrictPay:
StrictPay is incorporated in Panama in 2007 and offering fast and safe way to transfer and receive funds.
You can fund your StrictPay account via ACH Transfer, Bank Wire, Check, SolidTrustPay or Virtual Money.
You can withdraw funds from your StrictPay account via ACH Transfer, Bank Wire, Check By Mail, SolidTrustPay, LibertyReserve or Debit Card that you can order on their site.
Please note for many operations you will be requested to provide your documents to StrictPay for verification.
Please check their website StrictPay for more information.”

I got paid today from the following websites: GeneticsIndustry, GeniusFunds, ScotFund, GoldNuggetInvest, ComradeFinance, SilverLodge, 10DailyIncome, CrazyCashSurf, StanCapital, AcrylicTrade, EnscoOffshore, NanoMoneyCorp, MajorBarter and InfrastructureInv.

I would like to introduce a new program which I joined just yesterday. It’s called E-Deposit and it’s online for an impressive 3+ months. Why impressive you might ask? It’s just because of the plans E-Deposit offers. You may earn from 16% to 19% on your deposit (depending on the amount invested) for 7 days. So even if you deposit from $5 to $1,000 you will make 112% after 7 days. Not bad at all, in my opinion. You can make your deposits via LibertyReserve or PerfectMoney. E-Deposit program has been monitored by GoldPoll only for the first three months so didn’t attract much attention yet although I saw much positive feedback regarding the performance of the program. As the program started to advertise more actively just now we should to see a significant growth in investor base during the next couple of weeks. I don’t like the fact that E-Deposit is hosted on a shared server which is kinda strange to see after 3 months online. I suspect that the plans were not short-term ones since the beginning and I will make my own small investigation on E-Deposit before publishing the review on my blog soon.

Another program I would like to introduce to you I like much much more. It’s called InvestEvolution and the name really reflects the reality in my opinion. The program is an HYIP though all four major payment processors are accepted including LibertyReserve, SolidTrustPay, StrictPay and AlertPay. You can deposit the minimum of $10 and more with $10 installments. This is possible because the script being used by InvestEvolution is Neversay one that are more popular among autosurfs. You should be aware that a 2% deposit fee is also charged and some fees are arranged on withdrawals. But the main thing which we can see in InvestEvolution is a unique plan which I haven’t seen in any HYIP before. On the first days of your investment you will get 1%, with 2% on the second day, 4% on the third day, 8% on the fourth day, 16% on the fifth day, 32% on the sixth day and 64% on the seventh day after which your investment will expire. So as a matter of fact you can withdraw daily the double amount of what you earned for the previous day. This is very innovative and will allow you to earn 127% after 7 days (principal included). After deposit and withdrawal fees you may find yourself in 20% profit from InvestEvolution. I guess the fact that being only 6 days online InvestEvolution attracted about 300 new members speaks volumes about the admin’s capability of running the site smoothly. Hosted on a dedicated server from HushHosting I believe that InvestEvolution has a good level of anti-DDoS-protection which will not allow the interruption of smooth work on the website. I would like to emphasize that InvestEvolution is not an autosurf though it definitely looks like one. The admin of the program Jack seems to be a committed guy wishing his program to succeed in the long run. I believe he will be able to achieve this. Anyway, get back to my site tomorrow to read more about InvestEvolution in the review coming. See you then!