25/05/2010. FinFex Review and Other News

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

Hi everyone! Before we get to the main HYIP related news stories of the day I want to talk a bit about one of the most recent programs added to my monitoring list, which is called FinFex. And not a moment too soon either it seems as a lot of users seem to be having problems coming to grips with the investment plans. It’s not that they’re unnecessarily complicated or anything, but they are quite original and a bit unconventional so I can see how they may be a little confusing at first, particularly to someone who doesn’t speak English as a first language. Don’t worry though, I’ll explain them all to you here in detail as well as FinFex‘s other important features.

These last couple of months have seen some lean times in the HYIP industry but even so there have been a number of success stories as well. Mostly they come from programs with some degree of flair and originality, someone that offers you something unique that you won’t find in a thousand other online HYIPs. And that to me is a good starting point with FinFex. They have three plans and I can’t really compare them to anything else around that I can think of at the moment, so hopefully curiosity gets the better of investors and FinFex finds a willing audience that will bring success to admin and members alike.

The first of these plans is called The Daily Yield Plan. So obviously as you can see from the name it pays you by the day. The minimum to invest is $10 and the maximum is $2,500. The interest rate earned by you is 2% per day but this is I think where the confusion kicks in. The plan itself runs for 20 business days, but your profit is only paid for the first 10 days. After that your principal gets returned in installments.

Let’s take an example. We’ll say you invest $100. The next thing that happens is that you get paid 2% interest on that, or $2, per day for 10 business days earning you a total of $20 in profits. Then FinFex will return your principal, but they just won’t hand it back to you in one go. Over the course of the following 10 business days they will start paying you 10% of your principal (in this case $10) every day until your initial $100 is paid back. So that’s 10 days of earning profits followed by another 10 days of your own money getting returned.

You see? It’s really not all that difficult. The second plan from FinFex is no more of a mystery than the first. It’s called The Stable Yield Plan. The minimum to invest is still $10 and the maximum is still $2,500. This time payments are made weekly. The rate of interest will be 10% per week. Now, I know that weekly payment plans are rarely as popular as daily ones but there’s something in particular that I like about this one – there’s no expiry date but you are free to collect your principal and leave whenever you want. After a 4 week lock-in period that is.

So let’s take another example here. We’ll say you invest $100 in this plan. You get paid $10 per week for as long as you choose to remain a member of FinFex or until the program collapses. You must remain a member for at least four weeks so the least you can earn is $40. After that it’s entirely up to you as to how much longer you wish to continue with the only limits on your earnings coming from your own wish to continue playing.

The third plan from FinFex is kind of a tricky one to call. On one hand it has the potential to be a lot more profitable but on the other hand it’s not guaranteed. It makes variable weekly payments which could occasionally be more rewarding than the last plan and also occasionally be a bit less so. It’s called The High Yield Plan and is open to deposits from a minimum of $25 this time but the maximum remains at $2,500. FinFex promise to pay you a minimum interest rate of 5% in this plan but depending on how things work out for them during the course of any given week this could climb as high as 15%.

That’s really too much of a fluctuation to give any practical examples of, especially now that FinFex are still such a new program. They simply don’t have any track record yet that we can look at and say which end of the scale you’re going to be closer to most often. That, plus the fact that this time there’s no mention of being allowed to withdraw your principal means that the previous Stable Yield Plan is likely to be a lot more popular I think, at least until we see how consistent their performances are. But within the ranges they are paying you could break after as little as seven weeks. Of course that could also take 20 weeks, but then that’s the gamble.

There’s nothing all that special about the payment processors with the choice being about average for an online HYIP game. The ones accepted include LibertyReserve, PerfectMoney, and StrictPay. Payments are made manually so you’ll need to request them. The admin asks for up to 12 hours to get everything done.

One thing you need to be aware of though is that by way of drumming up a little support for his program the admin has a limited introductory bonus offer the runs I think for about two weeks. If you join early there are some pretty generous bonuses being handed out based on the size of your deposit, and they apply to all three plans. If you spend from $10 to $500 you will get an extra 10%, $501 to $1500 will get you another 15%, and if you spend between $1501 and $2500 you get yourself an extra 20%. A nice touch is that you don’t have to re-deposit this into any of the plans if you don’t want to. FinFex allow you to withdraw straight to your e-currency account if you prefer.

Overall the security of FinFex is pretty solid. They are running off a licensed Neversay script which is great and they are using SSL protection. You’ll have to type “https” into the address bar yourself by the way because it isn’t automatic. But at least they have it so be sure to use it. They are also hosted on a dedicated Staminus server. There are a variety of Live Chat options for getting in touch with the admin, including their own live support, Yahoo Instant Messenger, and ICQ. These are not 24 hour services and no information is given as to what kind of schedule they keep. Otherwise you can use their e-mail support by submitting a ticket through the form provided.

It’s a pretty original website throughout and the texts seem to be mostly original as well, though that just points to a bit more effort being made to get started rather that the legitimacy of their business claims. The business is ForEx trading, but as most regular readers will know my feelings about these things I’ll leave the decision about how seriously you want to take any of that up to you. They are also claiming to be a registered company in the UK and are prepared to provide proof of that to members who ask. But I can save you the trouble. MNO is also a registered company in the UK, and if you want to see how much importance you should attach to that claim read my article on it here.

So proceed with caution as always and don’t get in over your heads. But FinFex seem to be trying to carve out a nice little niche for themselves here and see if such originality is enough to interest enough HYIP players to make a longer term success from it.

OTHER NEWS FOR TODAY.

I’m very excited, guys, because Brent, the admin of one of the most popular programs now – StaunchFinances (reviewed here) – made MNO the official forum for his program. I would like to thank Brent (interviewed here) and I hope that his program which is now five weeks online will be able to benefit from that and that a lively community of online investors will form around the StaunchFinances’ thread on MNO (check it out here). Here is the latest email from StaunchFinances announcing that:
“Dear members,
I think you should definitely read this!
Paul, one of our biggest supporter and definitely the biggest money-making blogger/reviewer in this industry and admin of Money-News-Online, just opened up his very own forum. Since I’ve been talking about starting our own forum for the longest time now, I will therefore consider this to be our OFFICIAL FORUM from now on!
Here is the link to our official thread – http://money-news-online.com/forum/viewtopic.php?f=9&t=14 I have also placed a banner link on the Staunch main page for easy access.
Please join and use this thread to discuss our program, post payment proofs (this is where I will go to choose payment proof poster winners from now on), and post ideas / questions / issues etc. Let’s make this our Staunch community from now on.
Thank you! Brent”.

Please note that the payment proof contest winners in StaunchFinances have been announced by Brent in an earlier email. From now on MNO Forum will be the place where Brent will choose the lucky winners in this ongoing contest so sign in and post your payment proof for your chance to win the $10 prize money. The list of the previous winners is being published below:
“As promised, just by posting your payment proofs at our different forum threads, you can win $10 directly placed to your rebate balance and ready for withdrawal! Here are our selected 10 winners for this round:
vitamir, vera25, rwams99, oldgirl, makingmoney, icequeen, patrick77, idrmido, purser and vitalz
Prize amount will be placed to your main processor’s rebate balance as soon as I send this out.
Please continue supporting our site by posting payment proofs at our different forum threads and who knows, you might be the next lucky ones I choose next time. Remember that you can win more than once as long as you are active!
Congratulation to all the winners!
Brent”.

Finally last night’s update from StaunchFinances which I somehow missed in my previous post was concerning the support the members have shown and the threads apart from MNO where you’re encouraged to vote for the program after receiving the payments. I think StaunchFinances really deserves our support by staying online and paying like clockwork in these turbulent times. The payment processor choice is quite good and the program accepts SolidTrustPay. StrictPay, PerfectMoney and LibertyReserve and splits your deposit into two investment plans: 20% for 6 days with payouts on expiry and 2.5% for 56 days with daily payouts. Anyway, this one more update from StaunchFinances:
“Hello members,
Oh how the weekend went by so fast! But here’s hoping that you all had a wonderful break during that time.
This update is just a short one as everything’s moving smoothly with the program. Just wanted everybody to know that we celebrated our first month anniversary last May 21st and wanted to thank everybody again for making it possible with your tremendous support. I will once again choose a few winners in our forum payment proof contest later on so if you got paid today and/or the previous days, please post on our forums and you might win some cool cash prizes. Again, here are some of our threads that I check often:
http://www.moneymakergroup.com/Staunch-Finances-Staunc-t346009.html
http://www.dreamteammoney.com/index.php?act=ST&f=111&t=97293
http://mycashforums.com/index.php?showtopic=17836
Our ‘STAUNCH’S BEST OF THE BEST!’ contest is still ongoing! Please check out the rules at our contest page found here: https://www.staunchfinances.com/contests.php
ALL WITHDRAWAL REQUESTS ARE PAID as of this writing!
That’s about it! Have a wonderful week ahead!
Brent”.

Please note that FruitInvest stopped paying and barely survived the first cycle of payouts. It looks that some members were right and the admin of FruitInvest may well have been the same as the one from TeddyBearDreams which was also a short-runner. Well, there were just too many coincidences and the admin is definitely shameless by scamming so fast. By the way, I doubt that FruitInvest was somehow connected with ChokoMoney as by communicating with the admin I concluded that he was more of a professional than those fast scams of FruitInvest and TeddyBearDreams. I simply hate such greedy admins and from now on toys, fruits and chocolate are officially no longer welcome by MNO, lol!

I hate even more when the admins are trying not only to scam but also to fool the members by stealing their private and personal information by empty promises to pay to verified members. The same tactics were used by such programs like MoneyPlus, Dragadox etc. which makes me suspect that they were run by the same administration. Please under any circumstances do NOT provide any sensitive info to the scam program BetExpekt. After the revealed lies about their Maltese registration by the Gaming board authorities there, their days were numbered and they are finally gone. But the admin probably wants more money (having no conscience at all?) by stealing your info. I wonder if next thing he will request is a scan of your credit card from both sides which is a likely occurrence. I repeat do NOT give any info to BetExpekt. Ironically having such a name as Abigail Johnson you’d think she’d be a better English speaker. As it happens her language is awful which makes this letter even more hilarious. I’m really sorry for that person whoever he/she was as identity theft is a huge crime in all countries and the lies he/she’s spreading will bring enormous misery in his/her life. Having said then I’ll leave you see this newsletter that is more like a sad and bitter joke from a miserable little person without so much as a hint of conscience. Just read this nonsense:
“Hi Dear Member,
We very apologize for delay to withdarw. Some problem happen for my conmpany because reason we can not paid all withdarw. But now all is ok. We Decision do all account member do verified . Because reason member from Europe & America. Please provide this document for verified account because some account problem because reason we want this documen send with username to this email : betexpektverified@gmail.com
Plesae send this documnt :
government issued, non-expired, UNALTERED photo identification (passport, drivers license, country ID card, etc) and recent phone bill matching the phone number AND address as registered in your profile.
We want for verified this document : With username
1. government issued, non-expired, UNALTERED photo identification (passport, drivers license, country ID card, etc)
2. recent phone bill matching the phone number AND address as registered in your profile.
send with username to this email : betexpektverified@gmail.com
Best Regards, Abigail Johnson”.

Another program that is a pending scam now is CurrencyServices. First, the program sent out this strange update regarding the new super-profitable plan which is a definite sign of scamming. Here it is:
“Hello Investor! We have a NEW PLAN 200% After 1 Day.”
And secondly, I have received some complaints regarding pending cashouts from them. So I have no doubts and the program has been moved to Problem status on MNO.

Here is the list of the monitored by MNO programs that paid me for the last 24 hours:
TrueEarn, OnyxInvClub, PrivateDiamondClub, TopEarnClub, OilInvestment, DynFxTrade, TrumpForexClub, RedOrchidInvest, InvestAward, RogerVille, BookmakerOffice, FinFex, IncoForex, FxCrudeOil, StaunchFinances, YesInvestment, GoldenInvestment, NanoVenture, EzProfit, SpaceInvest (the first payments received) and GoldWayMoney (the first payment received).

As you might notice the two last programs are new ones which are going to be reviewed by MNO soon. The first is SpaceInvest and it’s very high-risk but at the same time highly profitable game with instant payouts to LibertyReserve and PerfectMoney and a very original script with Dragonara dedicated server protection. The program really looks original and if it wasn’t for the returns which are too high to be sustainable I would recommend it to everybody. However, in my opinion it’s still possible to make money from it by investing in the shorter-term plans. So there was a huge variety of the offered plans in SpaceInvest and your profit will depend on the amount deposited (for each plan the minimum to deposit is $10): 103%-120% after 1 day, 130%-180% after 3 days, 200%-250% after 5 days, 300%-350% after 10 days, 400%-450% after 15 days, 750%-800% after 30 days. As you can see the majority of them are too unrealistic and not sustainable in the long run but at the same time the program looks very funny and the script is really original which makes me think that it could last for awhile. SpaceInvest just launched yesterday and the first payments on expiry from the one day plan have been processed already (and they were really instant). Let’s hope it will last for some time and don’t forget that I’m reviewing SpaceInvest on MNO tomorrow so don’t miss out!

The second program that just launched only a few hours ago is a very promising short-term program called GoldWayMoney. This program accepts four popular payment options (LibertyReserve, PerfectMoney, StrictPay and AlertPay) and offers three plans with payouts on expiry: 115% after 4 days ($5 minimum), 140% after 8 days ($30 minimum) and 200% after 20 days ($100 minimum). I would not recommend to invest in the longest plan for the reasons which I’m going to outline in the upcoming review of GoldWayMoney but the other two seem to be ok with me. Overall GoldWayMoney looks ok as it’s based on a licensed GoldCoders script with SSL-protection and DdoSWiz as its provider which hosts it on highly secure dedicated Staminus server. So GoldWayMoney can be named as the next big thing if you wish but we will wait and see how it goes because anything can and does happen in these unstable times. I will bring you the more detailed review of GoldWayMoney on my blog soon so stay tuned for that!

That’s it for today. I hope to see you on my blog tomorrow and bring you the most up to date news from any source in the industry. I will be also glad to welcome you to the new MNO forum at anytime!