20/03/09. Cent2Dollar Review and Other News

THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST!

Hi everybody! Well I for one am glad that another Friday has finally rolled around. I don’t know about the rest of you but Spring is definitely in the air where I am. Which means I’m looking forward to this weekend even more than usual. But of course I will still have time to bring you all the latest news and views from the online investments industry just as on any regular day of the week. So today I want to have a look at a new one I joined a couple of days ago called Cent2Dollar. It’s a new HYIP (autosurfs taking a back seat for the moment on money-news-online) and although I think they have a lot to prove, I think they definitely deserve a chance.

So we’ll start with the plans. Cent2Dollar offers two long term low rate of interest plans, one of which will be of interest to readers here, the other being beyond the financial capabilities of most of the online investors that I know. The first one, or the “Beginner Plan” opens to investors with a minimum spend of $10. The maximum allowed is $5000. The investment term runs for 40 days and during that time you are promised by the admin to receive a daily payout of 2.18% of your investment daily. Your principal is returned on expiry. So taking a sample investment of say $100, by the time of expiry you should have receive daily payouts totaling $87.20 as pure profit and then have your original hundred returned after that. Not a bad return for such a program but just keep in mind that you will neither be in profit nor break even until after your investment matures. This is of course the case with most programs like this one so it’s not unusual. I’m simply saying to be aware of it when planning your investment.

Next up is the so called “Professional Plan”. This is for bigger spenders than I think read this blog but for information purposes I can tell you that an investment here will set you back $5000 with no upper limit. This plan also runs for 40 days with daily payouts of 2.78% paid on your principal. And if you have that kind of money to spare on HYIPs then I doubt you need any assistance from me doing the basic maths in calculating your final profit. The payment processors being accepted currently include LibertyReserve and PerfectMoney. I am unaware of any plans to expand this list. They also claim acceptance of international bank transfers but as no further information is offered on this I guess it’s best to contact them directly yourself if this interests you.

One major factor in Cent2Dollar’s favor is that they are hosted on a dedicated server. The hosting provider is SolidHost and I must admit I am not able to comment on the quality of their service when it comes to security and anti-DDoS protection. No disrespect to them, they may well be fine, but when it comes to security I do prefer to err on the side of caution until proven otherwise. And if you allow people you do not know to handle your money then you have every right, if not an obligation, to demand the highest possible standards as a basic minimum. Apart from that telephone support is offered. They don’t actually publish a telephone number, but rather suggest that if you wish to speak to someone you can write first and request a callback. They will then call you at some point. There are some multilingual versions of the site available too, unfortunately they are from an online auto translator tool, so it comes out a bit nonsensical in places. Bilingual readers can take a look for yourselves and see what I mean. But hey! Kudos to the admin for at least making an attempt to make the site more accessible.

Otherwise Cent2Dollar is abound with the usual fanciful and completely unsubstantiated claims about being a major player in a multi trillion dollar business. Namely ForEx. I mean seriously, has anybody in the history of money and currency ever actually lost a dime in this business, lol! Basic economics will tell you when this is basically the same pool of money changing hands it is simply not possible for 100% of traders to profit all the time with nobody ever losing anything. Some links are also posted to the websites of some financial companies, but what exactly the connection is between them and Cent2Dollar is not explained.

But really there is nothing out of the ordinary there either that we don’t see on countless other online HYIPs. My own verdict is that a lot needs to be proved by Cent2Dollar, but I would be willing to give the admin here to do just that and prove he can compete with some much stronger and proven performers in this field such as GeniusFunds or NovalexFinance. I would definitely keep an eye on it though.

Other news for today.

First I’d like to share soem news I just got from 10DailyIncome (reviewed here). By the way, if you come across to their website beware of the virus that has been detected by Avast antivirus when I tried to access their site. It was an issue for the whole week though but I didn’t pay much attention to that. Today though I was unable to access the site at all because of the malicious software installed. I will inform the admin about it as soon as possible. By the way, the plans in 10DailyIncome have changed the plans to all paid on expiry. In my opinion, the sudden change from paid daily to paid on expiry can only indicate one thing – a shortage of funds. And though 10DailyIncome is still paying I must warn you to be cautious with the program from now on. Here is the update of the plans you can upgrade with in 10DailyIncome:
“Happy weekend to you. I Susan Wright, admin of 10DailyIncome is happy to annouce to you that all payments have been completed and payout are up to date.
Secondly, we have change the upgrade plans on the program, below is the details for the new 3 surf plans.
Plan 1: 5% daily for 25 days 6% Ref commission Upgrade cost $10 Cashout upon upgrade expiration
Plan 2: 7% daily for 20 days 6% Ref commission Upgrade cost $20 Cashout upon upgrade expiration
Plan 3: 5% daily for 30days. 6% Ref commission Upgrade cost $50 Cashout upon upgrade expiration“.

GeneticsIndustry whose admin was just recently interviewed by my blog (read the interview here) brought good news to his investors and it seems their program will be accepting PerfectMoney payment processor pretty soon. Here is the latest update from GeneticsIndustry (reviewed here):
“First of all, thank you for registering with us! We just here to notice you about our system is being configured to accept PerfectMoney payment processor.
Due to awful actions of LibertyReserve, downtimes, blocking accounts without reasons, and, as expected, loosing positions on the e-currency market, we beleive that many members will support our decision and accept PerfectMoney as their secondary payment solution.
You receive another notice when all will be properly configured and tested. Expect it in 24h.
Thank you for supporting us! GeneticsIndustry Staff“.

Guys, I hate what just happened to the admin of ProjectSurf Frankie (interviewed here) today. It seems that TalkGold forum got mad at some things he said about this site on ProjectSurf‘s own forum so moved the program to “Closed/Scam” programs. Well, it only shows how miserable those people are and that they actually don’t care about the investors by misleading them putting the good paying programs like ProjectSurf in Not Paying threads and listing many obvious scams as Paying. Anyway, I hope it will not affect the performance of ProjectSurf program and will only make it stronger and TalkGold just look stupid. Here is the latest update from the admin of ProjectSurf Frankie:
“Hello Everyone, Payouts are up to date in according with our Terms, I am looking forward to some great ideas for our contest. Please do send them in by tomorrow night before Midnight 12:00AM EST. – I will be looking forward to them.
This is my first time as a ADMIN of a surf program but not my first time “Running The Show” of a program per say. I am very professional in a lot of other ventures that I participate in.
The one thing I am encountering as a Admin is there are many people out there who are just plain jealous of you and negitive which to me is wasted energy! –
I am very liberated and I express my feelings regardless of what they are and I told myself if I was going to change this industry I will have to stand ground with a lot of people who are jealous and unproductive. –
The Admin of TalkGold.com – put my program in closed status because he was insulted of what is said on my forum and I could really care less I am here to change this industry and benefit my members and get rid of all these scam promoters and forum owners that promote scams. – Everyone Please keep posting payments and participate in all the forums for us – especially TalkGold.com because it will only make the Admin over there look unintelligent because that is what he is… –
I am here to change this Industry and I know I am up against quite a few people but I will Thrive to make this project a success and clean house and give each one of my supporters a great place to advertise and earn incentives for a long time!! –
Everyone take out 5 minutes of your day tomorrow and Thank God for what you have and be grateful for it..Donate a dollar to your favorite charity – have a mind set that GOOD DEEDS will not go unnoticed… Live Your Life! Much More To Come!!!”

I got paid today from the following programs: SilverLodge, NovalexFinance, AsianInvestGroup, GeniusFunds, EdwardBrownInvestments, OakCash, InfrastructureInv, GoldNuggetInvest, ComradeFinance, Cent2Dollar, StanCapital, GeneticsIndustry, CrazyCashSurf, AcrylicTrade, E-Deposit, ScotFund, EnscoOffshore, PanaMoney, NanoMoneyCorp, ProjectSurf, 7Inv, MajorBarter and MySurfingStar (first payout received).

By the way, I have joined MySurfingStar just today and think that the program is quite promising except for the fact that it only accepts LibertyReserve. The admin though promises to consider other processors in the future if there is demand so if you like MySurfingStar but would like to use other processors to upgrade please write to the admin Estrella and hopefully he will hear what you say. Anyway, MySurfingStar program just started today and actually I was the first member to have joined this it. The admin is definitely planning his program for the long run with the gradual increase of the maximum to upgrade from the current $500 to $2,000 in two months. This will definitely allow MySurfingStar to grow gradually and so significantly prolong its lifetime. The plans are what I call suitable for every person: 1.5% with daily payouts for 15 days (with the principal paid on expiry and the minimum to invest is only $5), 135% paid on expiry after 15 days of surfing (minimum to invest $10) and 140% paid on expiry after 14 days (minimum to invest in this plan is $100). The deposit fee is applicable for all new deposits and is 1.5% to cover the payment processor’s fees. You are allowed to make one cashout per day and surf 15 sites minimum in order to get your daily rebate. MySurfingStar has a very nice layout based on the idea of stars and galaxies and the script by Neversay. Though hosted on a shared server by Fivva at the moment the admin of MySurfingStar promised to think about upgrading to a dedicated one once the membership grows. All in all, I like this autosurf and for more detailed review please refer to the review which is scheduled to be published on my blog tomorrow.

Another program I just joined last night is LloydFunds. This program is actually very different from your typical HYIPs (at least that’s how they describe themselves) with a huge minimum deposit of from $250 to $500. For the minimum of $250 you are allowed to invest in a monthly plan where you will be paid 10%-12% guaranteed monthly return. The minimum of $500 in LloydFunds will allow you to invest in a weekly plan with guaranteed 2.5%-2.7% weekly return (depending on the amount deposited). There is actually a variery of payment options via which you may invest in LloydFunds: AlertPay, LibertyReserve, SolidTrustPay, PerfectMoney, StrictPay and even Bank Wire. As you notice that list of processors is not typical of an average HYIP and the team behind LloydFunds consist of three men who guarantee these low returns. The high minimum and low return make LloydFunds look like a real investment opportunity but unfortunately there is not too much information provided on the site regarding their investment activities. I will try to find out more about it before publishing a review. Anyway, the script of the program looks fresh and original and the site itself is hosted on a dedicated server by HushHosting with the domain purchased for three years. For more information refer to my upcoming review of LloydFunds which will be published on my blog soon. I will see you tomorrow with more news and another review! Stay tuned and always be on the money with MNO blog!