09/03/2010. Interview with the admin of DynFxTrade

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

Hi guys! Today (and for the next few days) MNO comes to you from Toulouse. I just spent the train journey from Bordeaux watching a downloaded version of the Oscars ceremony on my computer. You wouldn’t believe the lengths I had to go to over the last couple of days to avoid hearing the results so I must be just about the last movie fan in the world to hear the news!

Anyway, getting back to business, as promised last night I have an interview for you today with the admin of DynFxTrade – a recently launched “no expiry” style plan that pays you regular interest rebates on one single deposit as long as the program survives. How long that’s going to be for is a whole other matter of course but why don’t we let the admin do the talking first and he can tell you what he thinks about it all.

His name is Michael but before we hear from him let me just remind you that DynFxTrade is an online HYI investment program that offers 1% daily, 6% weekly, or 25% monthly with no expiry date. For more information you can always refer to my original review published here.

“1. Hi Admin, please introduce yourself to the readers of MNO and tell us about your own role within DynFxTrade. 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 am Michael from Canada and my partner David is from the UK. We run this site together.

I am in charge of promotion, my partner cares for the technical part and Terry is responsible for online support. Personally, I take care of all live chat member issues and also financial management.

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 DynFxTrade?

Our site has just opened, and we are fully confident about the success of our program. I have already introduced our team in Question #1.

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?

We offer three plans. The details of the plans are given below:

1) 1% daily (Mon-Fri)

2) 6% weekly

3) 25% monthly

We offer $20 as minimum investment and $10,000 as maximum Investment.

4. What is the point of the monthly plan? It pays almost exactly the same as the weekly plan over the course of four weeks but involves a substantially bigger risk for no real extra reward in exchange.

In the monthly plan the rate is slightly higher than weekly plan and we can more readily use member funds for trading over the longer period. It will helpful for our investment business because we calculate our profit / loss at the end of each month. Additionally, with a deliberately low ROI, the “risk” is minimal.

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

We use all the popular payment processors that are currently on the market, i.e LibertyReserve, StrictPay, SolidTrustPay, PerfectMoney and AlertPay.

6. Can you also explain why there are certain fees charged for deposits made through AlertPay and SolidTrustPay? The other main payment processors also have their own fees, so why discourage the use of AP and STP?

As you know Paul, in the HYIP industry STP and AP discourage the exchange of funds to other payment processors or bank transfers. Also as a verified business account holder, fees are higher for us than other e-currencies such as Liberty Reserve. The maximum fee for LibertyReserve is $3 on any amount, so we can ignore a LibertyReserve fee. No fees are applied to StrictPay either.

7. 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 bought hosting from Hush Hosting and they assure us that they will provide top class DDOS protection with top internet security.

8. What about your script? Who supplied it for you? What do you think the benefits of this script are to both the admin and the investors? How dependable is it?

Our script has been carefully customized for us and created by a trusted and skilled programmer from ScriptLance.com. We really appreciate the user-friendly aspect of this script, from both the members and the admin’s point-of-view.

9. Are you using SSL encryption? Why is this so important to the members and why do you think so many HYIPs are reluctant to use it?

Our hosting provider advised to use SSL encryption for members security, and we were happy to follow their advice. We believe all HYIPs should implement SSL encryption as they are particularly vulnerable.

10. 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 have Live Chat or telephone support? Why not?

We offer 24 hour live chat and email support .We have subscribed to an excellent live chat for this purpose. Terry is taking care of that. Only members’ support questions are allowed in Live Chat and it is not used for any advertising promotion.

11. How pleased are you with the growth of the project so far? How have you been advertising it? Can you give us any statistics about the membership, the rate of growth, and the amount deposited?

So far we have 600 members with $5.3k deposited. We advertise on very well known monitor sites and also from time to time promote banner displays on various advertising sites. We have allotted 20% of our net profit for advertising. However, our main goal is the longevity and sustainability of DynFxTrade, so we are not in a hurry. We prefer to grow slowly and steadily, knowing that the ROIs we offer are very sustainable. We are also confident that DynFxTrade will grow via word-of-mouth, as we payout very promptly, and forums vouch for this.

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

We are active ForEx traders dating back to 2004 with various well known ForEx brokers. From 2006 we began trading online Forex.com and recently we trade with Marketiva using LibertyReserve e-currency. We used members funds in our ForEx investments, which we have discussed earlier.

13. I notice you offer a certificate of incorporation in the UK. MNO is also a registered company in the UK so I know exactly what this means and exactly how you obtain one. So what is this supposed to prove to investors and do you agree it’s a bit misleading?

I’m sorry Paul, but I don’t agree with that. Did you intend to “mislead” when you registered in the UK ? Why would any business spend a considerable amount to form a registered company just for the fun of it??

14. I see that you also claim that as well as being a registered business you say you are also “duly licensed.” Licensed to do what exactly? Also why do you only show the certificate but not the license, which is what investors actually want to see? Where can we view a copy of this document?

Our license is with the ForEx trading business and we trade with well known ForeEx traders using our company bank account. We don’t wish to use it in DynFxTrading because some countries are not allowed to participate in the HYIP business and a license is not suitable for the industry.

15. Are there any plans to develop DynFxTrade 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?

Ours is above all a long term project, so at the moment it is ok. We are not here to make a quick profit and run with it. As time goes by, we will undoubtedly try out some fresh ideas to improve our performance after discussion with our valued members.”

Thanks a lot to the admin as usual for making the effort to answer my questions. However if you will indulge me, and I don’t usually do this, but I wish to clarify a point made in question 13. I, as the director of an actual registered company in the UK which is Money-News-Online Limited, can assure you that there is no “considerable” expense involved in forming a company. You can do it for $50 and you can do it in under an hour. I did and I can also assure you that MNO is not a fun project. In fact I am registered with the UK government Revenue Commissioners, and let me tell you that’s no joke! For further information on that please read the article published here.

That’s about it for now guys, but don’t go far as I’ll have all the latest news and another review in just a couple of hours. So see you all then!