24/02/2010. DynFxTrade Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi guys! One of the most recent additions to my monitoring list is DynFxTrade. It’s the latest online HYIP to offer the so called “no expiry” style plans that have become so popular in the industry over the last nine or ten months or so. And there are a number of decent features to it as well so we’ll see if it goes on to become as successful as some of the others. The plans look as if they can be sustained for a while anyway.

And starting with those plans, DynFxTrade has three of them to choose from. They can pay you by the day, by the week, or by the month depending first of all on how much of a return you are looking for and also on how much of a risk you are prepared to take in order to get it. The first one is open to deposits starting from a minimum of $20 up to a maximum of $1000. In return you are offered a daily payment of 1% interest. This payment is I’m assuming made on business days only, i.e 5 times per week from Monday to Friday. Though it doesn’t actually mention this specifically on the DynFxTrade website. Anyway, there’s no expiry date so once you’re in you will continue to get paid until the program closes whenever that may be. And at the rate of interest being offered it would take you 20 weeks to break even. There is also an early withdrawal clause, and I’ll get to it in a moment. Let’s see the other two plans first.

For the second available investment plan DynFxTrade offers weekly payments. The minimum cost of joining is $25 and the maximum is $5000. In return you are promised a payment of 6% interest once per week every week of the program’s existence. At that rate, assuming you don’t wish to leave the program early, you will have earned your principal back after 17 weeks and start earning what we can deem real profit after that.

The third option open to you is a plan that pays you by the month. I personally don’t see it as being significantly more profitable than the other two plans to justify such a vastly increased risk, but then that’s just my opinion. You guys will be the only judges that matter. Anyway the risk isn’t the only thing to take a massive hike here. The minimum amount you can invest also shoots up and is now $50. In return for that you may expect a monthly payment of 25% interest for every month the program runs. That’s a quarter of your investment so you can expect to be breaking even after 4 months. Maximum spend is $10,000.

What else? There is still the early withdrawal feature I mentioned above. This works in relation to not how long you have been a member of DynFxTrade as such, but rather how fast you are withdrawing your interest payments. Basically what happens is this – when you have earned and withdrawn an amount equivalent to 50% of your principal, you are then free to withdraw that principal and leave the program. So if you invest $100 you can only leave after you have earned $50. In the daily plan that will take you 50 business days (10 weeks), in the weekly plan it will take you 9 weeks, and in the monthly plan it will take 2 months. So if you want to leave then you can break even in half the time. Personally I wouldn’t bother with such an option. I mean hey, where’s the fun in that? But that’s just me. As usual you decide for yourself what your own best option is.

Other than that DynFxTrade has a choice of payment processors that’s as good as any of the more established HYI programs. All the main popular ones are accepted including AlertPay, LibertyReserve, PerfectMoney, SolidTrustPay, and StrictPay. Please be careful when joining though, because all deposits made through AlertPay and SolidTrustPay are subject to a 2% fee not imposed by the payment processors but rather by the DynFxTrade admin. Payments so far have been fairly quick but you are still asked to allow anything up to 3 days for them to process it. They are still being made a lot faster than that at the moment though.

The design and security of the DynFxTrade website have underwent an enormous improvement recently despite the fact that they’ve only been online for a couple of days. I’m referring to the addition of SSL encryption to give a little extra protection to the accounts. The hosting provider is the ever reliable HushHosting who are keeping the website on a dedicated server. The script may look unique and custom made, but it isn’t. It’s just not that widely known but it has been used before. It just doesn’t come from the usual suppliers GoldCoders or Neversay. It’s nothing overly complicated though and really pretty easy to navigate throughout.

You may contact customer support by submitting a support ticket on the form provided on the contacts page. The program admin also mentions that they operate from Birmingham in England. But no address is published and Birmingham is a pretty big place. A certificate of incorporation is also provided to prove that DynFxTrade is a real company. But I can tell you as Money-News-Online is also a registered company in the UK that obtaining such a document is a relatively easy process with few questions asked. Anyway, it looks good but you need to remember that a certificate is not a guarantee so don’t overestimate it’s importance. Although I guess it does at least demonstrate a certain willingness on the admin’s part to make an effort and spend some money making his program look good.

The business they are claiming to be in is the old favorite of HYIP admins the world over – ForEx trading. Not much in the way of solid evidence is offered on this so it’s best you just ignore it and treat them with the same level of caution you should treat any online HYIP. But as far as I can make out the texts appear to be original so again some effort being made by the admin. He gets a bonus point for that because the number of HYI websites “borrowing” their texts from other websites, sometimes even other HYI websites, is ridiculous. I’d go so far as to say it insults the intelligence of the members but let’s save that for another day. I don’t want to get too far off topic here which is DynFxTrade. And they are a new program with decent security and some plans that can, if managed properly, be sustainable long enough to earn a good profit. If joining at all then join early to maximize your chances.

OTHER NEWS FOR TODAY.

First of all I would like to clarify that I’m NOT opening my own HYIP and those of you who received spam emails today from abromsonp@gmail.com must not send any money to this scammer. Please note that I ONLY have this email address: abramsonp@gmail.com (one letter makes a big difference) and remember not to send any money to this guy. He’s no more than a common criminal really and is trying to solicit money from HYIP admins and investors alike through fraud and pretending to be me. Unfortunately I can’t do anything with his LR or PM accounts as they are totally anonymous but I have already reported this to the StrictPay security. They were as usual all over this immediately and have blocked his account already.

I had to move GoldenFleeceFund to Problem status on my monitoring page tonight. Despite the fact that I was paid last night I received a few complaints that payouts were delayed and some members were not paid at all. So I have to move it to Problem status today and I sincerely hope that anyone with pending withdrawals in GoldenFleeceFund will have the issue resolved soon. At this moment further investments in GoldenFleeceFund are not recommended even if you are still paid from them. However the amounts that are pending are quite big and I suspect the program is facing some cashflow issues now.

Another program which I gave a kinda less problematic status of Paying selectively on my monitoring page is BarterCrown. I received some clear indicators that the admin of this program again started using the old trick of sending the money to a different LibertyReserve account and then pretending it was hacked. It’s a really strange “hacker” who magically knows the accounts with big amounts to withdraw and never even looks at smaller amounts of money. If you see my introduction of BarterCrown you notice that I suspected the admin was the same as from RosalinFinance and Caziroca which lasted for a long time but unfortunately also resorted to using such methods to avoid paying larger investors. Well, this is not going to happen on MNO anymore. I’m sick and tired of such tricks and definitely at this moment would NOT recommend investing in BarterCrown. And definitely not big amounts of money via LibertyReserve. Provided the program is still paying on small amounts (obviously due to the reason the larger investors are not paid) it could last for longer. However you’re investing at your own risk now and I would suggest to invest only via StrictPay if you still prefer to invest in such an obviously unstable and shady program. It will stay in Paying selectively status on MNO until the scammed investors will be paid (however I doubt very much this will happen). It’s better to invest in proven short-term programs that don’t have any complaints from the investors at the moment.

And one of them would be HugMoney (reviewed here) – a program that is paying 122% after 5 days, 135% after 7 days and 200% after 20 days for about the last 80 days now. It’s simply an amazing achievement for such a high-ROI program and of course when reviewing HugMoney at first I couldn’t realize that it would run and run for so long. However I was wrong – HugMoney has successfully survived Christmas, flourished after the New Year, and is now in its third month online attracting hundreds of investors from all over the world. In his latest newsletter to members the admin of HugMoney (interviewed here) stated that the program reached 12,000 members already and over $1,200,000 in total deposits. I tend to doubt these figures myself and would think them a bit exaggerated, however the truth is out there – HugMoney has simply no competitors among short-term programs at the moment. It definitely helps that the program accepts not only LibertyReserve and PerfectMoney but also AlertPay, StrictPay and SolidTrustPay payment processors investments in which are more protected than in anonymous e-currencies. HugMoney is not going to stop there and is launching a referral contest which will end on March 1st . A total prize fund of $1,150 in cash will be distributed among the top five promoters. So if you’re good in building your downlines you might be interested in giving this one a try. The rules are described in the newsletter which I’m republishing below along with some other updates:
“Greetings HugMoney members!
As our program continues to get more and more popular and we progress further and further up just about every ratings list that mentions us, it can sometimes be difficult to stay in touch with our members. But none of us should ever lose sight of the importance of communication in our business dealings so today I’d like to inform you about some of the recent developments at HugMoney.
First of all like I just mentioned is the growing popularity of our program. In fact it’s been nothing short of explosive! The membership has more than doubled in the last three weeks alone and now stands at over 12,000 members! Really, I almost have to pinch myself everyday to make sure I’m not dreaming. Of course, I always knew that HugMoney would be a success but this level of support is unprecedented. And so once again let me say a sincere thank you to each and every one of you for your continued support. I won’t let you down.
And I am well aware that we could never have achieved this without the help of so many of our wonderful members. And so as a sort of reward we will be launching a referral contest to thank those of you who work the hardest in helping HugMoney continue to be such a great success. I think you’ll agree that the prizes are very generous, so good luck to everyone who wishes to participate!
Start Date: Today. 1st Prize – $500 2nd Prize – $300 3rd Prize – $200 4th Prize – $100 5th Prize – $50. end of contest Date: Mar – 01 – 2010
You may as well give it a go. It will cost you nothing to at least try and you know even if you don’t win one of the prizes you will still be doing something to help the program to grow. And ultimately that will benefit all of us. And of course you might still earn a little extra in referral commissions for yourself at the same time!
It’s not all that difficult to do. Just introduce your friends or work colleagues to HugMoney and see if they like what they see. It’s that simple. There is no need to exaggerate either. Just tell them honestly and truthfully about your own personal experience with us and the profits we have paid you so far.
I also see that an increasing number of our members are opting to stay with us once their deposits have expired. Currently HugMoney has attracted just over 1,210,000 in collective deposits between our members yet total payouts are still only a little more than $450,552. This is largely due to existing members preferring to re-deposit straight from their account balance. There is no other way to take this only as a massive show of confidence and support from our members and let me assure you it is appreciated.
HugMoney is operating for over 76 days now but the plans are still the same. Why change a winning formula, right? You can make a choice between 122% after 5 days, 135% after 7 days, and 200% after 20 days. But which ever plan you choose, you’re not going to regret it! But please, remember that when you do get paid to make sure you let it be known on all the monitors and forums that you use. Don’t keep it a secret. Let the world know that HugMoney is the best performing online investment program around today!
With kindest regards, HugMoney Administration Team”.

There was a strange situation with NanoMoneyCorp website today which was down for several hours due to a huge DDoS-attack on their servers. Here is the update that the admin gave today when the site was inaccessible first:
“Our site is under massive DDOS attack. Currently our engineers are doing their best to restore the site and bring it back to normal online work. Within a short period of time, the work will be renewed.
Sorry for this trouble and for all possible inconveniences that may be caused by the site access troubles.
Kind regards, NanoMoneyCorp”.
After this email though the access to the website was restored and it was loading fine for some time. However, there was another complication – the account details did not match the member’s password and username, i.e. you were viewing another person’s account in your member’s area. That was weird but I heard it was rectified already. Anyway, at this particular moment I can’t load their site so I can’t confirm if everything is fine with the accounts yet. I promise to let you know tomorrow if I have some more updates regarding NanoMoneyCorp (reviewed here).

The admin of MandarinInvest (interviewed here) drew the results of the poll that they held over several weeks regarding of the adjustment of the plans offered to the investors. Apparently the decision was made to increase the payouts in one of them: 1% for 30 days, 1.3% for 100 days and 1.6%-2.1% for 150 days with principal returned back on expiry on every single plan. So the decision is to slightly increase the daily percentage paid to everybody who deposits in Basic plan from 1% to 1.1% for 30 days (I remind you that the deposits are allowed in this plan are limited to the range of $1 to $99 only). So the only real increase for the investors will be +3% on top of their earnings for the 30 days period. I remind you that you can always read more about the investment plans offered by MandarinInvest in my detailed review of the program published here. And this is the most recent newsletter from MandarinInvest announcing the minor change in one of the plans:
“Considering the poll results concerning possible ROI increase and the discussion in the poll topic, we have found a compromise solution – an increase of the ROI for the “Basic” plan to 1.1%. We assure you that this will not hurt our program and is just a way to share our recent success with the members. The change takes effect immediately and affects both active and new deposits to the “Basic” plan.
Sincerely, Robbyn Hart”.

To those interested in the situation surrounding GeniusFunds program (reviewed here) seemingly being chased by the Canadian authorities I have some good news for you, guys. It seems that the hearing that was originally planned to be held on the February, the 25th will be delayed till April, the 7th. The previous order issued by British Columbian authorities is still in place hopefully this extra time will help GeniusFunds to organize themselves and their strategy and come up with some substantial proof of their investment activities. Anyway, till the beginning of April the investors seem to have a bit less to worry about. Here is the part of the Extension of Temporary Order and Adjournment published on the official website of British Columbia Securities Commission website:
“On February 11, 2010, the Executive Director issued a temporary order against GeniusFunds, also known as Genius Investments and a notice of hearing (2010 BCSECCOM 89).
With the consent of the parties, the Commission extends the temporary order and adjourns the hearing to April 7, 2010.”

The admin of WWFD (reviewed here) has added a fourth payment processor – AlertPay – so from now on you can deposit into any of the plans WWFD offers (1.2%-1.8% for 150 business days, 7%-10% for 20 weeks, 30%-42% for 5 months) using them. Here is the short update from WWFD informing about that:
“Hello dear member, AlertPay has been added
You can now invest via LR, PM, SP and AP.
Yours sincerely, WWFD Incorporated Limited
Online Support Center”.

The admin of Eternidex (reviewed here) let the members know that due to some LibertyReserve issues somebody received their payments twice or even three times. Please note that it was unintentional but to make things even the admin decided to deduct those payments from the next interest earnings in your account. This will only apply to the overpaid members of course. Here is the update from Eternidex:
“Dear Investors, Today some of pending LR withdrawals were paid twice or thrice. It happened because of the temporary failure of their API. The amount of extra payments will be deducted from your accounts. Thank you for understanding.
Best Regards, Matthew Thomson”.

I have received an interview answers from the admin of CelexProfit (reviewed here) today. So I’m glad to report that I will be publishing that on MNO tomorrow. CelexProfit is a low-ROI HYIP with medium to long-term plans offering the following rates: 1% for 30 days, 1.5%-2% for 90 days and 2.5% for 150 days. LibertyReserve, PerfectMoney, StrictPay and AlertPay are all accepted and your principal will be paid back on expiry. Here is the latest newsletter from the admin of CelexProfit informing the members about the good level of growth and the upcoming interview on MNO:
“This week member count crossed the 1000 mark, presently we are at 1227 members and going strong by the minute. This results have been awesome some beyond our expectation, we want to say a big thanks to every one who has joined our program and to those who have been supporting us on forums, we are proud to have you in our project. Just want you to remind that contest is going on and hopefully soon we will have first winners. Also don’t forget about our weekly special witch will expire soon so be quick. I was interviewed by Money News Online blog and it will be available tomorrow so don’t forget to read it.
Best regards, Andy. CelexProfit Administrator”.

Please note that Aballong (reviewed here) has almost reached the required number of members (250 active ones) and due to that the signup and deposit links will be temporarily disabled in less than 48 hours. So if you wish to invest in Aballong but haven’t done so for some reason you might be having this last opportunity. Aballong is paying a variable weekly interest up to 8% weekly backed up by a sports arbitrage betting pool. Apparently the admin of Aballong is very keen on it. At least in her interview with MNO she was able to explain everything about how the program works in detail. In fact she did a far superior job of it than most admins, especially those claiming to be involved in betting. If you are still hesitant please read the interview here to avoid any possible confusion. And below are the two latest updates which were sent to the members:
“I like to bring to mind we are closing for new investors to sign up after we reached 250 active investors, we have at these moment 207 active investors, and reach the 250 Level around Friday or Saturday if the grow is like in the last few days. We also deleted everyone what signed up longer than 72 hours ago and did not make his investment yet.
Please be informed that we will delete everyone who signed up and do not invest within 72 hours, or before we reach 250 active investors.
We also have for this pool $45000 as a maximum investment, we also believe that this amount is reached soon. So once reached $45000 as a pool, we will close the deposit link in the member area. Once we are more familiar to move money within more bookies, we might open a second pool, but at the moment Pool 1 is all we offer. So expect the deposit link to be removed once we reached this amount. We are getting many support tickets about accepting deposits in the future as an active investor, and I need to say, we will accept more once we open and verify more bookies, but pool 1 is all we offer at this moment.
Please be advised, it not help us to just getting new members, but placing our bets in time and after our arbitration rule situation. We also need to exchange money and have them on our e-payment account’s in time to make payments. So our principle here is quality not quantity.
Regards. Alrea”.
“Aballong will remove the signup and deposit link on 27.02.2010 at 00:01 GMT, everyone who want to invest or want to invite a friend, should do this before this date.
We will not accept new deposit or new member until we are comfortable to open a second Pool. I want to say a special thank you to our top 3 referrals, specially to Paul from Money-News-online who has almost 50% of all referrals done in our system.
Regards. Alrea”.

The administration of DynFxTrade which was just reviewed on my blog tonight sent a special newsletter where he officially announced the referral contest which will end on March 9th, advised to use SSL for the most secure and safe connection and promised to stay for a long term. Well, what else would you expect him to say? But we will see if this happens as DynFxTrade is a very new program. Here is his newsletter:
“We want to welcome everyone to DynFxTrade, and extend a special greeting to today’s new members.
Our main goal in DynFxTrade is happy customers, and of course, a strong, longterm program. This is why our ROI is chosen to be sustainable rather than a high rate of interest that will last only as long as new members come in!! So above all, THINK LONGTERM when investing with us. We are here to stay!
As you probably noticed on the news scroll, our Spring into Spring Referral Contest began yesterday, and will continue till March 9th. As well as regular referral commissions , some nice cash prizes are at stake:
First Place Award: $100 Second Place Award: $50 Third Place Award: $25 Fourth Place Award: $20 Fifth Place Award: $15
Both Free and Upgraded members may participate, but members MUST upgrade to qualify to receive a prize. (The upgrade amount may be subtracted from prize money, so this is a good way to earn your way in!)
Please Note: This contest places emphasis on “downline care”, so only your downline members who join and upgrade before March 9th count in the system tally!
Please note that our SSL security is in place, and for your peace of mind, members should use the https. When this is used, you’ll see the blue address beside the browser (please click for full details) and a little lock in the bottom right hand corner which tells you the site is secured.
From time to time we will provide our trading information in the scrolling news section, so please watch for this.
Thank you for joining our DynFxTrade family.
Michel and David.”

I have added another interesting program to my listing tonight and it’s BioEnergyFunds. As you might guess it’s another program exploring new horizons for investing. We’ve seen so far many different stories about investing in Stocks, bonds, Forex, sports betting, gambling and even water and nano-technologies. Well, judging by its name BioEnergyFunds is offering to invest your money int environmental protection projects by developing new eco-friendly energy sources. Of course it’s a very tempting idea that by investing in BioEnergyFunds you’re helping to save the planet, however you should take all the statements here with a pinch of salt. The site of the program is very good: very neat and comprehensive with some original texts. I also like its green layout (my favorite color), SSL-encryption is in use, it’s using a licensed GoldCoders (but very customized) script and is hosted on a dedicated server protected by HushHosting which is kinda well known and well liked among HYIPs. The choice of payment processors is quite good and BioEnergyFunds accepts LibertyReserve, PerfectMoney, AlertPay, StrictPay and SolidTrustPay payment processors. You can invest by buying so called Green Shares each of which will cost you $200. Depending on the amount deposited you will be receiving from 8.5% to 12% weekly for 30 weeks. Note that the principal is already included in daily payouts and that the weekly payouts should be requested manually and are going to be processed on Mondays and Tuesdays only. Please also note that some fees will apply when using certain payment processors. Among the other interesting features in BioEnergyFunds I can mention a two-tiered referral commission system and a support ticket system. More on BioEnergyFunds will be in my upcoming review, so stay tuned for that!

Here is the list of the programs featured on my monitoring page that paid me for the last 24 hours:
HugMoney, PanaMoney, ACEEntertainments, Verifield, Skinex, NasMos, EuroNanoInvest, CSMFinance, GeniusFunds, BiotechInvFund, FxStar, MandarinInvest, AlphaInvestments, InvestAward, UmaxFunds, WeeklyDividend, ForexNetClub, ScootFx, Aballong, RedOrchidInvest, WaterInvestment, DepositPalace, Plents, AimTrust, NanoMoneyCorp, XagaEnterprise, InvestoFin, IncoForex, AsiaInv, Dragadox, BostonVenturesBillionairesClub, CelexProfit, AtoxFinance, AtlantisMutual, OneDailyPro, SantiVentures, FinanceNova, IntraTraders, XciteInvest, WestFinance, TheKapital, MoneyPlus, ExceptionalFunds, EzProfit, GlobalFund, StarkFund, DynFxTrade (the first payment received) and FxPetroleum (the first payment received).

That’s going to be it for today. Check out my blog tomorrow for another interview, the review of a new perpetual program FxPetroleum and more new from the Industry. See you tomorrow!