19/11/2009. GloTrade Review and Other News

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

Hi guys! I think a slight change of pace is called for today, so as a break from the short term HYIPs grabbing most of the space recently I want to take a closer look at GloTrade. That’s the name of a new HYIP I joined earlier in the week and it’s more of a low rate of interest medium term option. It does have a couple of features that I quite liked as well and when you consider your chances to start a successful program in this industry can often hinge on a good first impression the admin of GloTrade is certainly off to a good start. And that as they say is half the battle.

There is just the two plans to choose from. Your hardly spoiled for choice but if they’re affordable, they’re profitable, and you like them then how many do you want? The first one is called The GT20 plan and as the name implies runs for a term of 20 business days, which of course is four weeks in total. To join it you will need to invest a minimum of just $5. The maximum investment is $5,000. And in return for that you will be paid 2% interest per day, five days per week, for four weeks. In more practical language that means if we were to make an investment of $100 here then your interest repayments will be $2 per day from Monday to Friday. That adds up to $10 per week, or a total of $40 in profits by the time the plan expires. Upon that happening your original principal will get returned.

The other plan is a bit more of a risk. Quite a bit more actually as it runs for twice the duration of the first one. GloTrade call this one The GT40 Plan and as you may has guessed already from the name it runs for 40 days. 40 business days I mean, which is eight weeks. You will need to make a minimum deposit of $10 this time in order to join and the maximum deposit also doubles to $10,000. The greater risk brings with it a greater profit naturally and rightly so. This time you can expect a daily interest repayment of 2.5% per business day. So if we take a practical example of a basic $100 invested here you should expect a daily payment of $2.50 made per day, five days per week, Monday to Friday. That will be $12.50 per week adding up to a total of $100 by the time the plan expires. When you remember that your principal also gets returned then on top of that it basically means that you double your money in 40 days.

A few of the other important points I’d like to make you aware of concerning the investment plans include the fact that GloTrade has an opt-out clause that allows you to withdraw your principal early from the GT40 Plan. If for whatever reason you need to get your money out in a hurry then you may do so. There is still a lock-in period of 20 business days however, i.e the first half of the original term, but from day 21 onwards you are free to withdraw anytime you like. Please note that there will be a 10% penalty applied for this service.

The list of payment options open to you is somewhat limited but more than acceptable for an online HYIP. At the moment GloTrade welcomes LibertyReserve, PerfectMoney, and StrictPay. Room for improvement but acceptable to most of you at the moment anyway I’d say. But if not then no reason to ignore them. The admin has made clear his intention to expand that list in due course. I’d rather he did that before launching the program of course but I guess most of you will be aware that the verification process with the likes of SolidTrustPay and AlertPay (assuming that is who he is referring to!) can be a lengthy one so I wouldn’t hold it against him either. The introduction of bank wires has also been mentioned.

And the final point I would make about the plans is that there is a certain degree of preferential treatment offered to bigger investors. Those investing $2,000 and more are entitled to be part of what GloTrade call the Premium Members category. Now details of what exactly this involves are a bit sketchy to say the least but as it doesn’t involve you earning a preferential rate of interest then I’d have to say that that by itself is not a sufficient reason to invest that kind of cash. I mean do it if you want to do it, but just not for the privilege of receiving a phone call from them or whatever.

GloTrade has an excellent design overall and is quite well explained, user friendly, and easy to navigate. They are running off a licensed Neversay script and are hosted on a secure dedicated server supplied by Staminus. The accounts are also under another layer of protection and are subject to SSL encryption so should increase confidence in the program too.

Communication seems to be a key feature of GloTrade and the value of that can never be overstated. When people take such a risk with their money, above all else they must be kept informed and the admin has made quite a good attempt here. First of all one thing that did impress me was the language support. Although the GloTrade website itself is not multi-lingual, there are a couple of e-mail addresses made available to you where you can have your questions answered by both Russian and Spanish speaking operators. You may also submit a support ticket in the usual way via the online support form. All of that is complimented by the GloTrade blog. They’ll keep you updated there as to all the major goings on within the program. Although the trading reports might not be of a great deal of interest to many, least of all the skeptics like myself, it can be a good mass communication tool in the event of let’s say a widespread problem with a payment processor like recently happened with StrictPay. By going to the blog and getting your information there you save a lot of time for both yourself and the admin. Live Chat is also available, though it’s not a 24 hour service.

I suppose in the interests of a balanced review I should also give mention to GloTrade‘s outside business and trading activities. Well, I might if I knew what they were! Some rather vague references are made on the home page to “impressive combined portfolio in finance and business administration” but little else in the way of real information about this is offered. We are also informed on the home page that the Glotrade website has “technology, market studies and trend monitors that will leave every critic perplexed about the accuracy and predictability ratio in our progress charts.” But I didn’t see any of those things myself.

But what I will say in their favor is that the plans are well thought out and sustainable, which is half of what I want. The other half is an admin who knows what he is doing and will take the project seriously and implement proper security measures. So all told GloTrade isn’t a bad place to take a gamble with an affordable deposit and part of a well balanced portfolio.

Other news for today.

It seems that many of the members of GoldNuggetInvest misunderstood the current situation with the deficit of SolidTrustPay funds and the necessity to switch to other e-currencies to be paid faster. It seems SolidTrustPay payment processor was struck by the latest withdrawal delays to Debit cards (I heard there was yet another long delay last week) and the constant losing of their clientele favoring StrictPay due to STP problems and temporary disruptions in service. Now it seems that due to GoldNuggetInvest‘s current decision of allowing members to exchange their withdrawal requests and deposits to StrictPay, STP is going to lose even more clients as GNI (and the business that goes with it) is definitely their largest customer. This gradual process of declining popularity means STP can struggle to provide an explanation on the current issues without creating panic among their account holders. So the recent post on the official SolidTrustPay blog was not really accurate in my opinion and doesn’t reflect the reality of the situation. As the admin of GoldNuggetInvest Robert (interviewed here) said the problem is simply an imbalance of e-currencies when they have more SP than SP to pay the members. So I don’t really understand why SolidTrustPay in their latest update implies that there were some cashflow problems in GNI which is obviously not true (by the same reasoning I could say that the recent delays with withdrawals to STP debit cards is the result of cashflow issues in STP itself). Here is what I found on STP official blog:
“GNI Merchant ClarificationAs publicly posted by one of our merchants, GNI (GoldNuggetInvest), they are experiencing a cash flow challenge in their SolidTrustPay account. This is due to one of their correspondent bank’s bank accounts being frozen at the moment, resulting in them not being able to send funds with which to honour withdrawal requests. They also claim they have not been successful in finding sufficient exchangers to transfer funds from other processors to SolidTrustPay. Members wishing to still receive their withdrawal requests have been presented with other options, rather than wait for more funds to arrive in the GNI SolidTrustPay account. Members who choose to withdraw via SolidTrustPay are welcome to do so, but GNI has advised that there will be a delay in their (not SolidTrustPay’s) system.We wish to assure all members that this situation is in no way the fault of SolidTrustPay. It is simply a temporary cashflow issue with GoldNuggetInvest, their banks, and processing partners.”

In my opinion such words from STP are to be treated with extreme caution because they obviously do not entirely understand the nature of the problem which was a simple temporary imbalance of e-currencies which can be resolved anytime soon. Changing your deposits or withdrawals from STP to other e-currencies is not mandatory by the way. You are free to wait while the balance in e-currencies handled by GoldNuggetInvest is back to normal or just change the e-currency and be paid straight away (that would be the more logical choice IMHO). The choice is totally yours and I really don’t understand what the big fuss was all about. Anyway, the GNI administration already confirmed on their forum that they are willing to work with STP in the future and that they have absolutely no cashflow issues or difficulties with depositing to their STP account:
“There is no problem at STP’s end or GNI. The problem was stated clearly by Todd:Attention GNI Customers Utilizing SolidTrustPay E-Currency ServicesWe have, at the current moment, a disparity in our level of SolidTrustPay e-currency vs. StrictPay and to a lesser extent, LibertyReserve. Specifically, we have more StrictPay and less SolidTrustPay.
How is that a problem with STP? Or either GNI. There is an imbalance right now that is being worked on and from what I know it should be rectified soon. Not next month as some have asked. I bet in a week. The reason to convert you to SP or another e-currency was just in case the issue would persist longer.
GNI is just trying to give people options and allow them to continue to withdraw thru other means so as not to keep you guys from your earnings. So it may have not gone as smooth as GNI had hoped, but that’s it. The rumors and innuendos, or making comments like STP might be the problem is just ridiculous.
There is no issue with GNI‘s ability to deposit into STP. The problem is the imbalance! The money has to be moved from one e-currency to another to satisfied the current withdrawals at STP. And this is only a one time issue!
How are some of you reading that there is an issue with GNI’s ability to deposit into STP or that GNI might be trying to sever ties with STP, as I have seen asked in other forums, is beyond me?!”

Finally I received a confirmation from the admin of SazaInvestments Ricardo (interviewed here) about the problems with crediting members’ accounts with earnings yesterday and today. The admin assured me that this problem was connected with some server issues and that all the missing earnings would be credited before their planned change of the servers that will be done on Saturday so all the requested cashouts on Friday will be processed by that time. I hope this step will have only a minimal disruption on SazaInvestments work and I hope that the script will be working without any glitches on the new server. Here is the update regarding this issue:
“It seems that we keep having problems with this server and that’s why they are missing earnings for 11/18. We decided to move on another server and another host but we will do this on Saturday so that everybody to be paid first. Usually in weekend we don’t offer profits as you know but to fix the missing earnings easier and faster we decided to add these missing earnings to everybody on this Saturday before moving to the new host. We hope this will solve all problems and everybody will be satisfied with our decision. Thank you for your patience. Regards, SazaInvestments Team”.
Just a couple of hours ago I received a reminder from Ricardo that the cashout button is now open and that you can request your cashout once again. Here is the latest from SazaInvestments:
“It’s almost Friday and it’s payday again for us. Please make sure you’ll request your withdrawals correct so it not be canceled. Thank you all for your trust in us. Regards, SazaInvestments Team”.
By the way, I have received a sizable payout from SazaInvestments already very fast after making the withdrawal request so I guess there is nothing to worry about, guys. SazaInvestments (reviewed here) is still running smoothly with all the weekly 8%-10% payouts being processed on time.

I think today was the first day when the first lucky members of ArbsFund program (reviewed here) received their 8.5% weekly withdrawals. I was among those people and am very pleased to say that I was paid fast enough. The more important thing to mention about ArbsFund which I didn’t in my review is that the admin finally decided to give members the option to withdraw the principal on request after an 8 week lock-in period. After that your principal will be released and sent to you within 24-48 hours. Well, I think it’s a welcome addition to a weekly plan growing in popularity. To attract more interest in the program the admin announced a forum posting contest that should encourage people to discuss the program on MMG and TG for a possible cash prize. More on that and other news can be read in the latest newsletter from ArbsFund team:
“Dear ArbsFund StakeHolder;We are having a great week! we are now on the 3rd day of our trading week and we already reach 9.7% profit from our trading capital. we are aimed to reach 11% increase in our capital. We are also having a good response from the general public, even if we haven’t started our major advertising campaign.
We are also reviewed by Money-News-Online that can be read through this http://money-news-online.com/blog/2009/11/16/151109-arbsfund-review-and-other-news/
Many people are asking about the principal investment withdrawal, we would like to inform everyone that principal can only be withdrawn after 8 weeks lock in period, free of charge. After 8 weeks You can contact our live support or via email support to request for your principal deposits and it will send within 24 – 48 hours.
One last thing, to celebrate our success, we will start a forum posting contest. We will choose 6 lucky member from Talkgold and MMG (3 in each forum) will have the chance to win $10 each from any payment processor of your choice. The mechanics is simple discuss anything about ArbsFund, we just want to hear your opinion so we can improve our program and provide you a risk free investment environment. The contest will end on November 28, 2009 and winners will be notified via newsletter.
All payments are being process within 24 hours after your request, 7 days/week.
Our Live supports are online 6 – 8 Hours/day to quickly solve your online inquiries.
Thank you for being part of ArbsFund Arbitrage Wagering Pool.
Regards, Public Relation Manager. ArbsFund Team”.

The admin of XagaEnterprise Kevin (interviewed here) sent out a newsletter today in which he told the investors about the reactions he received to the three videos he had posted on YouTube. There were mixed reactions definitely starting from appraisal of his brave deed of recording the proof to some more skeptical ones (including my own one). In my own opinion that video actually revealed very little about the whole process of making money for XagaEnterprise‘s investors. This is what Kevin wrote today:
“Since the time I have broadcasted Xaga’s videos, I received some emails and comments that I shouldn’t broadcast it or I would end up in jail. Lol. Please let me explain to you, “Prohibited” means “not allowed to” but doesn’t mean it against the law. So if they catch me, they will only say, : “Sir, no camera please” or “ Sir, no picture here”. That’s it. Nothing is going to happen with me.When I talked this to Diana, she laughed for 15 minutes. Lol. She said to me that I should go to jail maybe. She said, “It works like Casino Kev, free room and food”. Lol.
About our videos, please notice I don’t sell T-shirts to generate money for you. That was just an example. I sell electronic stuffs like Ipod, Camera, TV, and many more. Some of these stuffs, you can’t buy directly from the Total Rewards shop. You have to order it from catalog which you can see on our screenshots page. Then the items will be delivered to destination address.
XagaEnterprise has 3 source of incomes. Exchange comps to cash with 1:2 ratio, Comps redemption to items, and free rooms facilities. I will explain these another time.
That’s it for today. Thank you. Regards, Kevin”.
I would like to add to my previous comments about the videos that I am not disapproving of making videos obtaining a free T-shirt from a casino. However I would suggest to Kevin next time show us the process of getting something that has real value like the electronic devices mentioned and not a T-shirt which is of little value and contributes little, if anything, to pay returns to the investors. I’m sure though that XagaEnterprise should be treated like money-generating company from now on as the admin really made an effort to explain how he handles the business process in XagaEnterprise program (read more in my review of the program here). But the video shows somebody exchanging a voucher for a shirt. What I would like to see is a video of is him exchanging a voucher for a laptop, and then exchanging the laptop for money. Now that may actually prove something!

The admin of PTVPartner Garrett (interviewed here) sent out a short update today informing members about the upcoming investors meeting that will take place in the Chat room at 4 AM tomorrow. So if you have any type of questions to the admin of PTVPartner program (reviewed here) make yourself available there. But if you just want a little fun then Garrett also invites you to celebrate the Harvest Festival tomorrow too. Details are listed in the following update:
“Meeting
We are having another meeting, mainly for the new members to be brought up to speed and ask questions. All Members are welcome to attend. We will be discussing our primary project and the current events happening at PTVPartner. This meeting will be held in our Voice Chat Room at 4:00AM GMT on the 20th (11/19 11pm EST).
Harvest Festival – Party Time!!!
Don’t forget the Harvest Festival Party on the 20th from 8PM GMT to 4AM GMT on the 19th. The Mods have pulled out all the stops and have many events planned. Hundreds of Dollars worth of Prizes will be given away so you will not want to miss it. Members and non-members are both welcome to attend.
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!
Start the Experience … join PTVPartner to … Free your Life!!!”

Do you believe in miracles? Well, not really but sometimes really unexplained things do happen in the HYIP industry. It seems that FxCapitalInvestment program (reviewed here) is back online after a two-week break and the admin is back as he promised after changing the plans to more sustainable ones. He paid me all the pending withdrawals and asked me to re-add FxCapitalInvestment to my monitoring list. Of course I will do it but if you have any troubles or unpaid withdrawals in FxCapitalInvestment please don’t hesitate to tell me about it first via email. I will try to help you then and also it would make me more comfortable about recommending this program to MNO readers. Ok, here is the update from the admin informing the us about the new plans:
“We are writing to inform you about the update on FxCapitalInvestment. We have change the payment plans, that has been the reason for the late payout to members. We have completed all pending payout to as I write to you. These are the new payment plans.
Plan1; 2% daily for 60 days (daily withdrawal)
Plan2; 2.5% daily for 60 days (daily withdrawal)
Plan3; 15% weekly for 8 weeks ( weekly withdrawal)
Plan4; 21% weekly for 8 weeks (weekly withdrawal)
Hurry and get on any of the plans to starting earning real cash now!!
Thanks for all your continuous support.
Greg. Admin”.

It seems RosalinFinance added more plans to their website and now investors willing to deposit have a much broader choice. I remind you that the old plans described in my review published here (103% after 1 day, 115% after 4 days, 128% after 7 days, 150% after 12 days, 175% after 18 days, 320% after 30 days) are still valid but merely joined by some new plans. They include: 107% after 2 days, 111% after 3 days, 160% after 15 days and the most extreme (and not really recommended) 460% after 49 days. Considering those plans please remember that RosalinFinance is just a game so don’t invest for very long terms and only play with amounts you’re prepared to lose.

It seems after the recent problems with StrictPay‘s API, the instant withdrawals from OneInv (reviewed here) are still not possible. The admin of the program encourages members to request your SP cashout once everything is back to normal. Also the referral contest is now announced and you can win some cash prizes by simply referring new members to OneInv during the next 10 days. Read more details about that in the latest newsletter here:
“StrictPay still having some problems, and it affected instant withdrawals today. I submitted a ticket and they said that should be fixed in no more than 24 hours. So please after this time, cancel the pending withdrawal and do it again.
But not all is bad news, today we are launching our first referral contest! All members can participate and will win the user with most ref earnings and for do it more fair, monitors and blogs cant participate, so users have more chance to win.
The prizes will be: $100 to the first place $50 to the second place and $25 to the third place.
The contest will end on 29th November, so you have 10 days to tell your friends and win this contest!
Tomorrow we will bring up with more news. OneInv admin.”

The admin of OctProfit program (interviewed here) also announced a second referral contest with some bigger prizes this time. The contest will last for one week so you have a good opportunity to beat me this time! This particular contest has a prize of $300 so it’s worth a shot I’d say. You should try your luck really, guys! According to the stats published OctProfit is still in good financial health after 16 days online as the first payouts from the 15 day plan should have been processed already. I remind you that OctProfit offers you three investment plans with payouts on expiry: 118% after 4 days, 150% after 10 days and 175% after 15 days. The minimums allowed are different for each plan and you should remember four payment processors are accepted. For more details on OctProfit please refer to my detailed and comprehensive review published here. Here is the newsletter I mentioned:
“Hello Everyone, Hope you all are enjoying your week with OctProfit.
Before I get into the main news, here is a quick look into the stats of OctProfit.
Total Members: 3529 Total Deposits: 165,572.91 Total Withdrawals: 59,305.47 Alexa Traffic Rank: 116,069
As promised, we are going to have our second referral contest. The contest will start today, on November 19th, and end on November 26th. The members who get the most number of active referrals and come in the first three places, will be given away cash prizes. The winners will be paid the following cash prizes at the end of the contest.
1st Place: $300 2nd Place: $150 3rd Place: $75
On the same day on which our second referral contest ends, that is on November 26th, we will choose 5 members randomly from among all those members who have 10 active referrals, and award those 5 members with $50 each.
Well, what are you waiting for? Let the fun begin. Make sure you grab one of those cash prizes.
Happy Earnings as always!
Kind Regards, OctProfit Admin”.

The first referral contest in JuicyInvest is over and I got my cash prize for third place from the admin Jayme. By the way, he sent me answers for an interview today so I will be publishing that tomorrow on my blog. Stay tuned and check it out then. I’ll just remind you that JuicyInvest pays 10% for 12 days with daily payouts and 144% after 12 days with payouts on expiry. Read my review here to find out more.

By the way, if you like the classic plans more suitable to autosurfs like 12% for 12 days with payouts on expiry then you might be interested in a new autosurf program called WopAdz. It was launched just two days ago but the growth has been very fast already. As of writing this WopAdz has 285 members and just keeps growing. Maybe the members like the fact that the classic plan has been utilized by a program from looks like a professional admin offering a bright and cheery style layout, DdoSWiz dedicated server with good DDoS-protection, old Neversay autosurf script with the $6 units and 12 sites to surf daily to get your daily rebates credited to your account. The payment processors accepted include LibertyReserve, PerfectMoney, AlertPay, StrictPay and SolidTrustPay so that should satisfy every investor. The minimum to invest is $6 and you can buy up to 1000 ad units. And of course don’t forget to surf daily in WopAdz either (this is a must!) to earn your daily 12% profit and to receive your payout on expiry. I really hope that it will become a success as many recent autosurfs just failed after one or two cycles. I hope WopAdz will be able to avoid the same fate. The review will be published after I receive the first payout.

And so to finish here is the list of programs that paid me today: SazaInvestments, XagaEnterprise, EuropeInc, PanaMoney, OctProfit, Verifield, GoldNuggetInvest, NanoMoneyCorp, GeniusFunds, RefMotor, CSMFinance, IncoForex, MandarinInvest, OneInv, JuicyInvest, MajorGain, AimTrust, CedexInvest, LogicProfit, MoneyCare, SavInvest, GloTrade, FinanceNova, OneDailyPro, RigidPay, 4CountriesCapital, TheKapital, ArbsFund, Capitalex, StableInterest, GlobalFund, FxCapitalInvestment, TradeZoom, BlackDiamondPortfolio, Infinitum, PTVPartner, KobelCapital, CorpoNano and EcosystemFunds (the first payment received).

See you tomorrow with one review, one interview and lots of news from the HYIP industry! Stay tuned to MNO, guys!