07/01/2010. Interview with the admin of WeeklyDividend

Hi everyone! Today will be a busy one for MNO and for the first time this year I’ll be posting twice. I’ll be back this evening of course with all the latest news but first I want to bring you this interesting interview with the admin of WeeklyDividend, an interesting HYI program with an interesting slant on making money.

The program itself offers a variety of investment plans, and not all of the weekly as the name suggests, that pay 1.1%-1.5% per day forever, or 9%-11% per week forever. “Forever” in this case meaning the lifetime of the program. For further information you can always refer back to my original review published here. But first let’s here from the admin. His name is Ed and he has quite a lot to say.

“1. Hi Ed, please introduce yourself to the readers of MNO and tell us a bit about your own involvement in WeeklyDividend. Is this your first online venture? What other experience do you have in this Industry?

Thank you for the opportunity to be interviewed Paul. My name is Ed North and I’m the head administrator of WeeklyDividend. This is my first online venture although I’ve been involved in various online ventures for the last 3 years. My experience in the HYIP industry is rather limited although I do have experience in managing funds for clients in regards to managed Forex accounts.

2. Can you also give us some background history on WeeklyDividend? Why did you decide to open your own program and what are you expecting to achieve by this? Are you alone or do you have a business partner or assistant?

WeeklyDividend was my idea to open. For the past couple of years I have been using strategies that were taught to me by my mentor and have always proven themselves very well. These strategies were always traded manually and always had a very good performance.

About 6 months ago I met a gentleman who had programmed numerous EA’s(Expert Advisers) for others and decided to hire him to automate the systems that I had been using. The result was not only good, it was better than I expected. What I realized through this experience is that I had my hands on some of the best EA’s I had ever used.

The thought crossed my mind to sell them on the retail market which, while being very profitable, would require a lot of customer service to a level that I simply wasn’t willing to embark upon. Thus WeeklyDividend was born. With a powerful system and the right amount of capital tremendous profits can be realized in a safe and secure environment. While at the same time relieving me from many of the duties that are required in teaching others how to trade.

Stressful at the best of times – I’ve mentored a few noobs in my time and it’s not an easy task to say the least.

3. What are the plans you are offering investors? What are the minimum and maximum amounts to spend? What payment processors are you currently dealing with? Are payouts automatic or do I need to request them?

We offer 6 plans as follows:

Forever Daily Starter $1.00 – 50000.00 1.10 % Daily
Forever Daily Novice $1000.00 – 50000.00 1.30 % Daily
Forever Daily Expert $4000.00 – No Limit 1.50 % Daily

Forever Weekly Starter $5.00 – 50000.00 9.00% Weekly
Forever Weekly Novice $1000.00 – 50000.00 10.00% Weekly
Forever Weekly Expert $4000.00 – No Limit 11.00% Weekly

We have decided to accept LibertyReserve, PerfectMoney and StrictPay as these seem to be the easiest to move money around with. As many of you know this is a very liquid business and if there was to be any type of road blocks in moving funds then it could cause serious damage to a program such as ours.

Payouts are manually paid by me and will remain that way for security purposes.

4. Tell us in as much detail as possible about the security features of WeeklyDividend. Are you on a dedicated server? What measures have you taken to protect the program from DDoS attacks and malicious hackers? I’ve never heard of your hosting provider before. What can you tell us about them and how highly would you rate them as a service provider?

WeeklyDividend is hosted on a dedicated server/IP through Fivva Networks. So far they have fulfilled their commitments to us in a timely manner and I’ve been satisfied thus far. As we grow I will entertain other options should the need arise for greater protection or service.

We also use a custom script and an SSL certificate provided by Comodo which encrypts all information transmitted through the WeeklyDividend site.

5. Tell us also about the script you are using. Where did you get it and how safe is it? What are the advantages, if any, to the members and the admin of using this script over any of the generic models usually used by online HYIPs? Are you using SSL encryption?

I guess I should have read this question before answering the last one..lol

We are using a custom script which was created by a programmer that I have been using for years. He is by far the best that I have ever met and the script was completely designed with security in mind. There are no back doors like you will find in other scripts. The benefits to the members are that we can easily add features which we find useful to the members down the road. should there ever be any problems they can be fixed in rapid time. Not to mention I have found this script to be very easy to use also.

As stated earlier we do employ a 256 bit SSL encryption through Comodo.

6. How have you been promoting the program so far? What advertising strategy are you using? How big a part have the existing members played in this?

So far our promotion has been very limited. Aside from the traditional monitoring sites and blogs we haven’t embarked upon any major campaigns yet. I am waiting for StrictPay to get back to me soon so that I can purchase their Merchant Sponsor spot which will be broadcast to every StrictPay user upon login. This should prove to be very effective.

I will of course be looking into other options down the road should the need arise.

7. If the members have any questions what is the most efficient way to contact you? What is the best time to find an operator on Live Chat (Skype)? Do you keep the same schedule every day?

The best way to contact me is through the contact form on the site. Many members will find me quick to reply to any questions that they may have. Skype is also available. With Skype I do not have any set hours because its sometimes difficult for me to dedicate all of my time to one specific conversation. Nevertheless if members would like to speak to me over Skype I am more than happy to do so. I do recommend though making an appointment. this would make it easier on me and the members.

8. What can you tell us about the outside business activities of WeeklyDividend in general and what evidence can you provide for potential members to verify for themselves?

As stated on the site the expert advisers that we use are our primary focus at this point. I actually did have an offer the other day from a gentleman who I have a prior relationship with to conduct some Gold bullion transactions with him. This may be an option in the future.

After we have gathered some forward trading data to share with the members I will consider making them a PDF so that they can see some of the trades that the EA’s executed throughout the month.

9. Can you explain how robots can trade on the ForEx markets? Surely every market is subject to unique and volatile conditions that change by the day, are affected by the acts of real human beings, and can’t be predicted by machines. Surely this can’t be possible?

Not only is it possible it is a Multi Billion dollar a year industry (EA’s ). The most popular trading platform which is called MetaTrader4 gives each trader the ability to automate their systems using a specific type of code called MQ4. This is code that specifically allows someone with the know how to automate their trading systems while fully integrating all indicators necessary to make successful trades.

Now, every market is subject to change and nothing is ever set in stone in the FX market. But, another useful feature of MetaTrader4 is it allows you to perform what is called a “Backtest” This is where you can run your robot for a period of time to see how it would’ve performed in the past had it been live.

This is not an end all in itself but it does give people a glimpse into the effectiveness of their system and how it will perform in the future.

The EA’s that I trade are what are known as scalpers and they trade toward the end of the New York session and into the Asian session. this is in the evening New York time from around 4pm EST up until around 11pm EST. This is a time of low volume for the markets and what happens are that some currencies go into what is known as a range. Meaning they trade between two specific points and you can almost assume that it is going to do the same thing each night around this time. Because of this its very easy to spot Support and resistance lines and to trade in between them. I’m sure you’ve heard the old adage of buying low and selling high. Well that’s basically what this is in a simplified manner.

10. If you had just one thing to say to potential investors still undecided about your program, what would it be? A lot of programs are competing for my money, why should I choose WeeklyDividend? Also take this opportunity to make any point you feel important but not covered in the interview.

The bottom line is that people in this world seem to always be nervous about where they put their money and rightly so. So they are using whatever means they have available to them to try and avoid getting scammed. this I completely understand. I have no intentions of selling anyone on WeeklyDividend. Words don’t mean much in this market but actions do. So instead of telling you why you should invest with us I will show you. I’ll do this through fast support, fast payments and always being upfront and honest with the members. Our longevity will prove to each and every person reading this interview why WeeklyDividend is the best!

11. What are the plans for the immediate future of the program? What developments and improvements can we expect to see over the coming weeks and months?.

For the immediate future of the program we will be implementing a couple of new features. The first will be a 5% first time deposit bonus which will be active starting today and will last for 60 days.

The second will be translating the website from English into Russian, Italian and other languages where our investors come from.

Again a wonderful feature of this script is the creator is always on call for me so we basically have free reign when it comes to adding new and useful features.

12. And finally, what’s your impression of the online HYIP industry overall? Without referring to your own program, how would you rate the average investors chances of earning more than they lose on a monthly basis? Would you have any advice on how to increase our chances of making a profit and avoid the scams?

Honestly I would call the HYIP industry daunting and sometimes scary. I would advise everyone to not only do your homework but make personal contact with the administrator of any program you choose to join. If they are serious, like we are, then they will only be too happy to answer any questions that you may have in an up front and timely manner.

Thank you again Paul for the opportunity and thank you to all of the members for the tremendous support we have received so far!”

And let me also thank Ed for taking the time to answer my questions. That’s it for the moment guys but please remember to check back later tonight when I’ll have all the latest news round-up for you along with another review. So stay tuned and don’t go far!