30/07/2009. FoxFund Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING!

Hi everyone! As I already said in yesterday’s news update, today I’ll be taking a closer look at new short to medium HYI program called FoxFund. It’s a bright enough prospect and one that will I’m sure be widely discussed on several forums over the coming weeks as the admin steps up his campaign to increase awareness of some attractive short to medium term plans.

And there’s a good spread on offer here ranging from 7 days to 45 days and plans that pay daily to ones that pay on expiry. We’ll start with what they call The Elegant Plan. This one runs for 45 days and will cost you a minimum of $10. In return you can expect 3.2% interest that will be earned and paid daily. So in practical terms if you invest $100 here you will be paid $3.20 per day enabling you to break even on the 32nd day and complete the plan with $144, or 44% profit. Modest enough considering the length of term but also sustainable. The principal is already included and the maximum deposit is $5000

The next one is The Elite Plan it will cost you at least $100 to join. In return for that you are offered a daily interest payment of 5% for 30 days. If you make the minimum investment you will receive $5 per day meaning you will break even after 20 days and will finish with $150. That’s 50% profit as your principal is also already included. The maximum deposit is again $5000. Out of the 4 plans on offer this was the one I chose for myself.

The next two plans pay on expiry. Firstly we have The Exclusive Plan which costs $50 to join. The FoxFund website says you earn 16.8% per day but I’m not sure that that was really necessary as you can’t actually touch it until expiry. Anyway, it runs for 7 days and will pay you 117.6% of your principal in a single once off payment. Your principal is of course included in that figure meaning your profit is 17.6%. Best suited I suppose to those of you chasing a fast buck. Maximum deposit this time goes up to $6000.

And finally we come to The Executive Plan. This one runs for 21 days and on deposits from $100 to $4000 you are offered a daily ROI of 6.5% which is paid on expiry. That will add up to a total of 136.5% interest but the thing that really separates this plan from the others is that it returns your principal on expiry. So in actual fact a $100 investment here will net you a once off payment of $236.50. Remember that in return for the highest reward you must also take the highest risk. Keep in mind that unlike the first two plans where you will at least see something returned to you slowly but surely as the days go by, here you don’t see a cent until after the plan expires. A lot can change in 3 weeks so consider your own circumstances, what you really need, and what you are prepared to risk in order to achieve it.

It is not altogether necessary to just choose one plan either. Joining FoxFund involves opening an account, depositing money into that account, and from there directing it into your choice of plan which can include any combination you want of the four plans on offer. Just as long as you stay within the listed parameters as regards the amount you are depositing into any given plan.

There is an excellent array of payment options open to you with SolidTrustPay, AlertPay, LibertyReserve, PerfectMoney and StrictPay all being accepted so a bonus point goes to FoxFund for that.

Moving on to security, well that is where I would have a major concern. Not with the hosting or the level of protection from DDoS attacks though. That much is excellent. FoxFund is hosted on a dedicated server, hosted and protected by Koddos who have a good reputation in this field. Customer support is available via the usual e-mail ticketing system, a couple of e-mail addresses you can write to directly, and most welcome, is the Live Chat feature. Although I don’t know how often it’s manned, it should allow you to get your questions answered in real time.

My problem is with the script. It’s the same one that was used recently by ProInvestex. Now anybody that thinks that for some bizarre reason that fact can be used as evidence linking the two programs really knows very little about this business. If it did turn out to be true, it would be down to coincidence and nothing more. I merely mention ProInvestex at all as an example of the problems that can be encountered. Nothing more. Anyway, the first problem is that it is incompatible with certain web browsers. In particular I am referring to Opera. If you were to say “well, why don’t you just use Mozilla Firefox or Internet Explorer instead then?”, then you’d be missing the point. First of all is the script’s non compatibility with Opera indicative of further deeper seated problems? I don’t know but I don’t like the fact that this has never been properly addressed by those using it. The other point is that purely from a business point of view, Opera is a vastly superior product to either Firefox or Internet Explorer in many ways including security. The people I know who use it simply refuse to use anything else and include about 10% of all people using the net today. That is one hell of a large number of potential customers and not a number I’d like to isolate because of a flaw in the design.
The second problem with the script is the apparent ease with which it can be hacked. Sorry if this is beginning to sound like a crusade, but these are the facts and the evidence is there. It’s an issue that is simply not being dealt with and ignoring it will not make it go away. It’s something the admin is going to have to keep a very close eye on if he wants to avoid problems in the future.

Otherwise the program is pretty good. The design is very professional despite the texts been stolen from all over the place. The growth has been very sluggish however with many being reluctant to join for one reason or another. To the admin’s credit though he seems determined to tackle that issue head on and has been busy spreading the word about FoxFund. In the coming days you will probably notice the name cropping up on more and more forums and monitors, and with the plans as lucrative as they are, it will probably be a hit over the next few weeks.

Other news for today.

It seems that the affects of the ongoing global recession are being felt not only by the offline world but also by online investors who are starting to turn to the more solid and reliable HYIPs like GeniusFunds for example in ever increasing numbers. In his recent update to members the admin of GeniusFunds reported an increase of deposits funds into the program by 7% for one week alone. Also mentioned was that they extended their SSL protection with VeriSign for two more years which is also a good sign. I remind you that GeniusFunds is at the moment one the best HYIPs around and that they are paying 1.0%-1.9% daily or 6%-9% weekly and accepting such popular processors like AlertPay, LibertyReserve, PerfectMoney and SolidTrustPay. For more info on GeniusFunds please refer to my detailed review published here. Here is the latest update from them:
“By the end of the week, the US economy finally showed a firm commitment for a turnaround. The Dow Jones Index had passed the 9000 mark for the first time in 6 months. In Japan, the NIKKEI index is approaching the 10,000 mark, a psychological barrier for many investors who are familiar with the Japanese market.
The global trend also had an effect on GeniusFunds. Over the past two weeks, we have seen a large influx of new investors. Existing investors who have stayed conservative over the past six months started to transfer additional funds and our aggregate asset value grew by more than 7% this week alone. Due to the increase in activity, the management even decided to shorten planned vacation times of support and fund management staff. Our firm cannot afford loosing clients due to lengthily reply times or inadequate support.
In continued efforts to provide a safe and secure online access, the SSL certificate issued by VeriSign was extended for another two years. Extended Validation technology, embedded with the SSL certificate provides you with the most secure online environment currently possible. All activities are insured for up to $100,000 by VeriSign against any damages caused in the unlikely case that its technology is breached. Before issuing the extended validation certificate, VeriSign had engaged in a verification procedure, which included verification of our physical location and business licenses.
Thank you for opening an account and investing with our firm. If you have any questions whatsoever about GeniusFunds and our investment products, do not hesitate to contact me directly, as I am the regional manager responsible for your account.
P.S. We would like to alert you regarding emails supposed to be sent from our firm regarding access to GeniusFunds, verification of Customer ID or password or similar subjects and guide you to other links. Having in mind that GeniusFunds does not send these types of emails please ignore them and consider them as attempt for fraud.”

An important update was issued yesterday from RegalProfit (reviewed here). To increase the program’s security level it was decided to disable instant withdrawals to LibertyReserve and PerfectMoney. I remind you that the withdrawals to payment processors (except AlertPay and StrictPay) were automated and instant in RegalProfit program until yesterday. Personally I feel no need for instant withdrawals myself but sometimes they really can boost investors’ confidence in a program and increase its growth which in vital for short term programs like RegalProfit that pays 27.5%-32.5% for 4 days and 120%-140% after 5 days to investors. However I must agree with the admin that security should always come first in every program and if there’s even the slightest doubt that the instant withdrawals can be somehow compromised by hackers it should be turned off immediately to avoid future possible losses. In his latest emails to members the admin also reminds us about the importance of enabling some extra personal security features in your RegalProfit account if you want to ensure that your funds in the program are safe from hackers. Please read the latest email from RegalProfit to find out more:
“Now we have more than 1600 Member’s and 1100 Active Member’s.
For more security administrator change all automatic withdrawals to manually.
Withdrawals for LR and PM Will be send Between 1 – 6 hours and for AP and SP send between 1 – 12 hours. Thanks for your understanding.
For more security after login please Enable security.
Go to User’s Menu (Left side)
1. Click on “Security”
2. Change “Detect IP Address change Sensitivity” to “High”
3. Change “Detect Browser Change” to ” Enable”
4. Click on “Set” button
5. Finished
We Highly Recommend to use security So please enable security.”

DirectResult (reviewed here) is now offering phone support to its members. The phone number is located in the UK (though it’s a cell phone so might actually can be located anywhere in the world). I tried to phone their support within business hours in the UK but unfortunately all I got was a message from the provider telling the call could not be connected and to try again later. You can try their support yourself if you want. This is the update from the admin of DirectResult:
“I am particularly glad to announce the addition of a United Kingdom telephone support for our investors in the UK and Europe. This number is not limited to investors from UK and Europe only. It is available for everyone for support issues. The number is +447955324975. The number has also been published on the website. Support issues are handled by Rui Maria in English and Portuguese.”

AssetsParty (reviewed here) started to accept StrictPay starting from today. Together with LR and PM I believe this is already a good choice for online investors. Note that for all StrictPay deposits you will have to request your payouts from your account in AssetsParty, unlike LibertyReserve and PerfectMoney payouts that are processed automatically. So remember that if you are thinking of joining:
“Dear Member, We accept deposit and withdraw via StrictPay now! If you want to withdraw money to your account of StrictPay, please click the button of check my investment to check how much you get in all in the balance. You will find the button of withdraw if you have more than $1 in your account balance, click that button to submit your withdrawal request, we will process your request within 24 hours. Generally speaking, you will got the payment within 6 hours.”

The admin of FoxFund sent an update to members of his program today which looked oddly more like an answer to my introduction of his program on MNO blog yesterday than an actual update. Anyway, I suggest you to read his update which could be interesting especially as you have already read my review of FoxFund above and know what I’m talking about now. Before we proceed there is a small misunderstanding between myself and the admin that I’d like to clear up. In his most recent update to the existing members he states that I have linked his program to a recent scam called ProInvestex. That is not exactly true. I have not “linked” them as he says but I have “compared” them and the difference is huge. There were certain issues with ProInvestex that caused them insurmountable problems and the point I tried to make is that FoxFund may face the same problems if the admin does not act. This does not mean I said the same person is responsible for both programs. I merely said that both programs may face the same problem. But it doesn’t have to be that way. Here is the update:
“Congratulation FoxFund just is 100 members strong, our program is growing at a good pace with new members and investors joining by the seconds.
I was in the forum today and also read the announcement made by money-news-online, I read about having our program linked with a program called ProInvestex, anyway I am pleased to announce to you that this is our first online project and we are no way related to any online project either those running presently or others that have been managed before. Like I wrote in the first newsletter, FoxFund uses a script gotten from a reliable programmer called Neversay, after so much research I found Neversay to be one of the most trusted programmer, in my approach for his best script he offered me the new version script which I bought, I see this script is also used by some sites presently, like www.forumtraffic.biz, www.elitesurfsolution.com, www.fxprofund.com and much others. During the cause of purchasing this script I asked Neversay about the security and he gave me assurance saying it’s a complete secured script.
We are growing so let’s keep the pace, always remember “FoxFund is Golden” and when you’re on a ride with the best team all you need to do is stay focus and keep keeping on.”

I got some very encouraging news from one of my readers today concerning NovalexFinance. The news is good for those who deposited into NovalexFinance using AlertPay. It seems AlertPay have granted his request on reversing the money deposited into NovalexFinance and returned it to his AlertPay account. It can mean only that AlertPay froze NovalexFinance‘s account and since they started accepting AlertPay only 3 weeks ago there is a good chance that all NovalexFinance‘s victims who deposited via AlertPay might be refunded. Of course you should file a dispute for the disputed amount but if you don’t know how to do so just take a quick look at the FAQ page on AlertPay‘s website. I wish you good luck in getting your money back!

That’s about it for today I think. I’ll be back tomorrow with an interview with the admin of one of the most popular HYIPs at the moment tomorrow. Meanwhile I would just like to mention the programs that paid me during the last 24 hours and they are: RegalProfit, EnscoOffshore, GeniusFunds, XagaEnterprise, BestInv, InvestiMates, 12DailyClicks, SteadyGrowthInvest, OnisGroup, PanaMoney, NanoMoneyCorp, ElegantMoney, DirectResult, StableInterest, AssetsParty, RoxiTrade, SolidCapital, CoolReturn, FoxFund, YesICanSurf and GoldNuggetInvest. See you on my blog tomorrow!