05/04/09. EwoCapital Review and Other News

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

Today is Sunday and I would like to start the review right away without the usual distractions or introductions. The program I chose for today’s review is called EwoCapital. But first I would like to clarify what I said about this program in yesterday’s post. The phone number listed on the website doesn’t exist and every time I try to call this allegedly Panamanian number it is defined as a “wrong number”. Sorry but I am strictly against any lies posted on the website and the phone number obviously disconnected so I can presume their address in Panama is fake as well. I would be glad to get some clarification from the admin at this point but I can’t confirm that the address and phone number listed on EwoCapital website are real. As you know I’m quite skeptical regarding this info anyway and treat most of HYI programs like investment games and EwoCapital will certainly not become an exception from this group.

So can we really trust the statements published on EwoCapital website about being official and offshore registered in the Republic of Panama since 2007? I myself would like to see more proof than these unsubstantiated claims. Maybe the copies of incorporation documents will be enough? In additional, the texts on the website are not original and copied from other websites such as ScotFund and some others.

Anyway, let’s skip all this trading bullshit and concentrate on the plans EwoCapital is offering and on your chances as an average investor to be in profit with this program and with the program itself surviving and being competitive in the HYIP market.

In my opinion, the plans EwoCapital is offering are quite sustainable so the program can be run for a long time. All the plans have an investment period of 150 business days after which your deposit will expire and you will be able to get your money back. The minimum to invest in EwoCapital is set to $15. The interest is paid only on business days and you’re able to make your deposits via LibertyReserve, PerfectMoney, V-Money and Pecunix. Unfortunately more reliable payment processors are not accepted.

The first plan (Starter) pays 1.7% for the deposits starting from $15 and up to $69, 1.8% daily for the deposits ranging from $69.01 to $119 and 1.9% – from $119.01 to $150. I don’t quite understand the reason of such a detailed gradation but I think the admin wants to give incentive for those spending more money in the program. As far as I can understand the conmpounding is not allowed for this plan.

The second plan (General) pays you 2% fixed daily interest for the same period of 150 business days and you are allowed to compound your profits. You will be asked to set the rate of compounding from 0% to 100% when you make a deposit into this plan.

Finally the third plan (Corporate) is not recommended because of the high minimum of $3,000. It’s the riskiest but the most rewarding one with the fixed daily rate of 2.5% and if you’re a millionaire gambler you’re advised this plan but prepare to suffer some losses.

Anyway, in my honest opinion the best plan is the second general plan despite of its high minimum of $150. utilizing this plan you will break-even in 50 business (70 calendar) days which is quite a realiztic term for such a program like EwoCapital that started to advertise itself just 3 days ago. You may skip the part stating that the program launched 3 weeks ago because without advertising any HYIP can barely attract any investors.

In terms of convenience I don’t like that the script utilized by EwoCapital doesn’t support Opera browser so you will have to use Firefox or Internet Explorer to access your account. The domain is registered for two years and the site is hosted on a dedicated server which is a definite advantage. Although the program doesn’t have SSL protection and I would like to remind the admin of the program that it has to be installed if he wants his program to be on the safe side. The layout of the site is quite decent and possibly designed by professionals.

All in all, EwoCapital programs seems to be kinda raw to me and I had an impression that it was launched with hasten and was not very well thought out. Anyway, it is now totally up to the admin if the program survives the necessary 50 business days to be in profit and become the next hit or it will stay in our minds as another short-term project and scam. I have a strong feeling that if the program implements more new features required it will have a bright future ahead. But until then it stays for me just like an average HYIP with average chances for the investors to be in profit from this one. I hope the admin of EwoCapital will prove me wrong in this.

Other news for today.

Not much happened today which would worth mentioning in my news section today so I think I will save the news for tomorrow. I would just like to report that I was paid from the following programs today: SilverLodge, FlowBroker, NovalexFinance, RobusTrade, GeniusFunds, FinancialProfitsCorp, PrincipalReturn, InfrastructureInv, EdwardBrownInvestments, OakCash, YenStock, MesirowFinance, NewDayInvestment (the first payment received) and CashExplosive (the first payment received). InvestmentForge site is currently down and I will give you more info when I get a reply from the admin of the program.

NewDayInvestment is a new HYIP I joined a couple of days ago. It’s quite an average one with only LibertyReserve accepted as a payment processor. The plans are: 2%-2.5% for 365 days with payouts on business days with $1 minimum to invest and 1.1%-1.2% for 60 business days with the minimum of $10. The principal is returned on the plan’s expiry in both cases. NewDayInvestment has been online for 7 weeks so the chances to be in profit are average I would say. Although I must admit that the admin of the program is quite a friendly guy always ready to help and explain if you have questions regarding the program. So I had two questions and I asked them. First, why they are using GoldCoders unlicensed script. The answer was something like that: GoldCoders didn’t allow us to modify the script but we wanted to make the site more original. I can really see that the script looks a bit different from GoldCoders because of some modifications made but still I’m not so confident when an admin of a program uses unlicensed script. Second, I was not sure about the server. On the site of NewDayInvestment they claim to be on a dedicated server but in reality it’s a shared one. The admin explained to me that his partner was responsible for a tech part and that it would be taken care of soon. One thing is for sure: NewDayInvestment has SSL-protection of the members’ account which is always a welcomed add-on to a program’s credibility. Anyway, I have a feeling that the admin of NewDayInvestments has good intentions and he is kinda committed guy and wants to improve his HYIP site gradually. The review of NewDayInvestment will be published on my blog next week. Stay tuned for that!

The second program I would like to introduce today is called CashExplosive. By the way, CashExplosive is the first autosurf I joined in April. As you might have noticed the trend in the autosurf industry is very negative now with some of them not even surviving one cycle and I prefer to stick with HYIPs for a while. The main reason why I joined CashExplosive is because it’s DAILY paying autosurf meaning the risk of being in a loss is significantly less than on a paying on expiry autosurf. Add the fact that CashExplosive has been online for 5 days only, accepting all major e-currencies (LibertyReserve, SolidTrustPay, AlertPay and StrictPay) and hosting on a dedicated server DDoS-protected by BlackLotus and you will get kinda promising program utilizing the famous 12% for 12 days model but with daily payouts (mind that 1% cashout fee applied). I must say I watched the program from the beginning and the admin showed himself to be very proactive. He swiftly changed the hosting once the previous provider couldn’t provide them good protection. I believe that with BlackLotus they will not have such problems for some time. I think it’s the right timing to join CashExplosive now and remember that you will be in profit with it just in 9 days which is not so difficult to reach for such an autosurf. Despite of its name it’s hardly unlikely that the growth of that autosurf site will be explosive due to the current trend in the autosurf industry mentioned above. So in my opinion CashExplosive worth to have a closer look especially considering the fact that the payouts are quite fast which is vital for the survival of such type of autosurf. I expect at least a couple of more weeks of good performance providing the admin will not get greedy and close the program prematurely. By the way he chose the funny made-up name George Jerry (lol!) but at least he’s not lying about outside investments for the site. Just treat it as a game and don’t throw in the money you can’t afford to lose. Check out my blog tomorrow  for a more detailed review of CashExplosive autosurf and see you then!