26/02/2010. Interview with the admin of UmaxFunds

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

Hi everyone! For the first of two posts today I have an interview with the admin of UmaxFunds. Something of a “man of mystery” I think as he has neglected to tell us his name! Anyway, names count for little in this industry (I remember one admin that took his name from the side of a cigarette box!), it’s the information contained that counts. So I hope that this will throw a little more light on the workings of UmaxFunds and help you decide if you think it’s a suitable place for you to invest.

I’ll just remind you first that UmaxFunds is a mid-term HYIP that offers plans that pay 2.3% for 45 days, 2.4% for 55 days, and 3% for 60 days, all of which give your principal back on expiry. For further information please see my original review published here.

“1. Hi Admin, please introduce yourself to the readers of MNO and tell us about your own role within UmaxFunds. What are your own duties within the program? How would you describe a typical working day for you as an admin of an online investment project?

I manage UmaxFunds and participate in the day to day operations. This consists of handling marketing campaigns, managing the website as well as helping with support for our investors. I support my team by doing whatever needs to get done for the day whether it be answering support requests or renewing marketing campaigns.

2. Can you also give us some background on the program? How long have you been running? What were you hoping to achieve by starting it in the first place? Apart from you is there anybody else working on UmaxFunds?

In order to upgrade our company and our services to a new and higher level a decision was taken in early November of last year to open the investment company. This in turn shall allow us to increase our turnover, enhance our prestige, develop new territories in the financial world, and get to interact and cooperate with a great number of individuals and legal entities worldwide.

UmaxFunds as an online program was formally launched on 27 jan 2010 and now the number of our users is increasing dramatically. We hope to become the number one internet based company and working towards this goal is our staff made up of four assistants and five traders as well as myself.

3. What about the investment plans? Can you explain them in detail to us? What are the minimum and maximum amounts for investment, what rates of interest are on offer and how long do they run for?

All investment offers were developed taking into account our practical activities and experience over the last three years. We have three unique plans:

The Plan 1 :
$10 to $500 invested for 45 Calendar days with 2.3% interest earned daily,Total Return(Principal+Profit):203.5% Compounding:0-100%.

The Plan 2:
$250 to $5000 invested for 55 Calendar days with 2.4% interest earned daily,Total Return (Principal+Profit):232% Compounding:0-100%.

The Plan 3
$2500 to $30000 invested for 60 Calendar days with 3% interest earned daily,Total Return (Principal+Profit):280% Compounding:0-100%.

So the minimum and maximum investments are $10 and $30,000 respectively.

It’s no secret that it’s a much simpler process to earn a good profit on the foreign currency market, especially when operating with larger sums of money. That is why we encourage middle and more significant larger investors with much higher rates of interest.

4. Tell us about the payment options available from UmaxFunds. What payment processors are you currently dealing with?

In the beginning we only accepted LibertyReserve and PerfectMoney. We are looking to add Bank Wires in the near future as a number of people have requested it. Still for the most easy and quickest form of investment is through the likes of e-currencies like LibertyReserve.

5. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

We have come a long ways in the security of our website. We have learned a lot as we have grown in the community. SSL is a must, which we have and DDOS protection is a must, which we have. We use

Black Lotus and cannot thank them enough for their service. Anything we need, they are always there to assist. Whether it be upgrading servers or making sure SSL works properly, they are there. We are very proud as to the security of our website and our investors funds. We do not want to tarnish the trust given to us by the immense amount of investors in UmaxFunds. We appreciate the support and open arms welcome into the community.

6. What about your script? Who is the provider and what do you think the benefits of this script are to both the admin and the investors?

Goldcoders is the script we found that most investors are comfortable with and have already a basic understanding as to how it works. We chose it so investors in the community would feel at ease when navigating the website and account panel. We then beefed up security to ensure our investors funds. Between Goldcoders and our efforts, we are most confident in the functions of our website.

7. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions? Do you plan to expand of this, like adding Live Chat support for instance?

There are three ways our members can contact us. One: a direct admin e-mail address – admin@umaxfunds.com Two: a Support e-mail address – umaxfund@hotmail.com. And three: you can contact us through the support ticket form – http://www.umaxfunds.com/?a=support

But the best way for contact us is using support e-mail. We will answer all e-mails within 24 hours but sometimes we get to them in minutes (if we happen to be online and logged in to our e-mail).

8. In my review of your program I mentioned that your poor choice of payment processor is likely to hinder the growth of your program. Are you planning to deal with that soon and perhaps and a few more?

According to UmaxFunds roadmap, we are going to add several payment options, such as bank wire and new e-currency processors within next few months. UmaxFunds Investment Alliance will become a private program by the end of year 2010. When it happens, we will limit new account registrations and will continue working with existing clients. Minimum investment amount will be risen as well.

9. What other outside business and investment activities are UmaxFunds involved with? What are you doing with your member’s money and how are you generating such huge profits? Can we see any proof of these activities?

The deposits our clients make with us are invested on the Forex Market. We have professional traders who have their own unique trading strategies and have been proving them effective for many years. All our trading reports are available for members to inspect on our site. I can assure you everything is very clear and transparent.

10. Are there any plans to develop UmaxFunds further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive with so many new HYIPs opening every day?

UmaxFunds is a growing investment program and the likelihood of changes have long been anticipated where our field of qualified professionals are already at work to prepare programs to meet the growing demands of our clients and competitive hands in the market, as for promotion we have outlined a lot of promotional work that will be starting soon. So invest with UmaxFunds now and enjoy the benefits as they come.

11. And finally is there anything else you wish to say not covered in this interview? If there was just one thing you could say to investors to get them to join your program before any other then what would it be?

I think I have already answered most of the common questions that would have been asked by a customer. And I hope I have replied to all the questions to your satisfaction. And yes, I would like to say one more thing. As with all investment programs, whether it is offline or online, there is always a risk associated with it. But I will to my best, try to minimize the risks and serve my customers to my best.”

Thank you Paul for the questions you have asked me and I feel really great after answering all those questions.”

Thanks to the admin (whatever his name was!) for taking the time for that. That’s about it for the moment but not for long as I’ll be back in a couple of hours with all the days news stories from the programs on my monitoring page. See you all then!