06/09/2010. TradersPower Review and Daily News from the Industry

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

Hi everyone! Hope you all had a nice weekend and for those of you celebrating Labor Day in the US I hope that’s been going well for you too. It’s a day when several online program admins also decide to relax so many will not have been making payments today. A fact few of you will need reminding of if you are members I’m sure.

I’ll be getting to all that in a moment but first there is a new program added to the MNO monitoring page that I want to describe for you. It’s a new low rate of interest program called TradersPower and they opened only yesterday so your chances of success are reasonable. And they have a short but varied selection of plans that will suit both the small investor and the large. There are three plans in total and joining them involves buying shares priced at $1 each with a minimum purchase of ten. Payments are made daily, but can vary from day to day depending on the amount invested.

TradersPower offers three long term investment plans for you. The first of them is called Basic Plan and as it’s limited to deposits between a minimum of $10 and a maximum of $99 then I think it fair to say it’s aimed at small investors. Ok, that part is obvious, but don’t think that TradersPower are using this as a test plan. It runs for a term of 100 days so is just as serious as everything else they offer. In this case the payments are between 1.8% and 2% per day. The principal is not returned on expiry which means – and this is very approximate obviously with every investor being different – that you could potentially break even after 50 days and double your money on expiry. But the exact payments are as follows. From $10 to $24 will earn 1.8%. From $25 to $49 will earn 1.9%. And anything else up to a maximum of $99 will receive the maximum of 2% per day.

If you’re looking for a more substantial return and are prepared to pay for it then check out Standard Plan where TradersPower are offering a variable daily earning of between 2% and 2.2% on investments between a $100 minimum and a $2,499 maximum over the course of 120 days. The potential for earning is much greater here of course as it the number of possible variants that could affect the value of your final return. The best possible result (if you make the highest deposit) would be to break even after 46 days and finish with 264% of your principal, 164% profit. The actual return will be as follows. $100 up to $499 get 2%, $500 to $999 will be paid 2.1%, and bigger spends up to $2499 will hopefully receive 2.2%.

For the big spenders we have the Advanced Plan. It’s a $2,500 minimum to join so congratulations if you can afford it but do think very very carefully before spending it. If you really want to go for it then the investment term runs for 150 days and the payments made daily will be between 2.2% and 2.4%. Again TradersPower will not be returning your principal so the very best you can hope for is to break even after 42 days and finish with a return of 360%, of which 260% is profit. Payments are made according to the following deposits. $2500 to $4999 will receive 2.2% per day. From $5000 to $9999 will receive 2.3% per day. And anything bigger than that is offered 2.4% up to a $100,000 maximum.

The choice of payment processors while very limited is kind of offset by the fact that the plans can be very sustainable in HYIP terms for the long term. Counting the principal as part of the payments will remove any unwelcome drains on the program’s resources and cash flow come the start of December when the first expiries will start to happen. TradersPower are accepting LibertyReserve and PerfectMoney and as payments are manual you will have to request them. The admin requires 24 hours to complete it and compounding is not allowed.

I have sort of mixed feelings about the security and design of TradersPower. Well, not so much the security, that much is pretty good actually, but there are a couple of sloppy mistakes in there. For example the FAQ says the minimum investment is $5 when in fact it’s ten. All easy to correct of course but the admin should really be doing that before launching and not after. On a far more positive note however I can tell you that TradersPower are hosted on a dedicated Staminus server by Koddos, are protected by SSL encryption, and are running off a custom made script. I have to say the script itself looks very like Neversay so will look very familiar to many of you but is in fact unique. Contact with the admin is made via the support ticketing system you will find on the contacts page.

You can see the company’s certificate of incorporation as a registered company in the Seychelles where they are supposedly involved in the ForEx markets. As usual, if that matters to you then it’s up to yourself to satisfy yourself about it’s authenticity.

Overall I’d say a few buttons and knobs to be tweaked in TradersPower but still not a bad option either, as long as you keep it sensible and don’t make unaffordable deposits.

DAILY NEWS FROM THE INDUSTRY.

You might be well aware that today is Labour day in the US so I would like to congratulate my American readers with that extra holiday and wish them to spend it away from labour (sorry for the joke, lol).

Anyway, on this day many HYIPs that claim to have some affiliation with real business find a perfect excuse not to pay your daily earnings based this on the simple rule of non-business days when the payouts are not supposed to be processed. Well, we are all perfectly aware of that when deciding to invest in programs paying only on business days so no major public holidays are counted. So if you haven’t received from several programs you were waiting on please see their terms and conditions and make sure about this.

The admins of some programs were even kind enough to mention this once again in order to avoid unnecessary questions and issued some updates regarding it. The first site I saw doing so was Flamanta (reviewed here). Flamanta has already commended itself with its flawless performance and stable instant payouts to LibertyReserve and PerfectMoney. For less than six weeks listed on MNO the program proved to be a very popular choice among MNO readers which already propelled it to the Top 10 MNO programs. I believe it’s just the beginning of a very successful and profitable program that is going to last for a while. For how long will? Well, nobody can answer that but I believe with such sustainable plans like 1.72%-1.78% for 150 business days, 1.84% for 160 business days and 1.92% for 180 business days Flamanta can run for quite a long time. For more information on the program you can refer to my detailed interview with the admin published here. For more news regarding the non-credited earnings in Flamanta today please refer to the latest news published on the site of the program:
“Labor Day is nonbusiness day
Dear clients, please be informed that today is a nonbusiness day for Flamanta traders. Today is a day off related to the Labor Day celebration in the United States which is also a nonbusiness day for American exchanges. It was in advance provided for in our Terms of service that you can read on the website.
The service will be functioning in a regular mode except for interest payments. Clients will be able to withdraw their funds and perform investment operations. Please consider investing in our funds, which may bring you good profits by the Christmas period.”

Another good long-term program that mentioned the same thing today is YamaFinance (reviewed here). The program managed to reach #14 in MNO ranking after only two months of monitoring. YamaFinance also pays instantly on LibertyReserve and PerfectMoney on the following plans: 1.2% for 100 business days, 6.25% for 22 weeks, 1.3%-1.55% for 110 business days, 1.6% for 120 business days. However, unlike Flamanta, YamaFinance will return your principal on expiry. And about the plans and many other things I interviewed the admin of YamaFinance which was published on MNO and can be read here. Here is the latest news from YamaFinance regarding the Labour Day:
“Welcome to YamaFinance.
Dear investors of YamaFinance, today is Labor Day in the United States, and American exchanges do not work. Therefore, the trading session is stopped and you won’t be credited an interest for today.
Nevertheless, we are still processing profit withdrawals and you can freely make your deposits in our investment funds. Starting tomorrow you will be able to get your interests.
YamaFinance – Peak of your financial imagination.”

For some strange reason EzProfit (reviewed here) announced that this week the payouts might be delayed for up to 72 hours. For me it’s quite ok unless it’s used as an excuse for further delays. Let’s hope it’s not the case with EzProfit – a program that has reached #1 on MNO a long time ago and has been monitored by MNO for eight full months already. Here is the update published on the site that is explaining the possible delays with withdrawals from EzProfit:
“Withdrawal payment may delay in this week due to our manager is out station for business trip. Please allow 24-72hrs for withdrawal payments.”

The admin of 144CashAds (reviewed here) issued a short update reminding us that the payout button has been opened again today (I guess he simply forgot that today was Labour Day, lol) and reported that the cash bonuses for those who deposited in all the six plans offered by them had been paid. Here is the latest news from 144CashAds and the project’s admin Lewies:
“Hi, Payout button now open for new week and all payout up to date
Welcome all new members.
10$ instant bonus offer going and has been paid those who are hold active 6 plans.
Pls post and vote.
Level 1 = 5%, Level 2 = 3%, Level 3 = 2%
Enjoy your earning and send us new idea about various bonus offers
Thank you. Lewies. Project admin”.

Sometimes I wonder why such great short-term programs like UniteTrade (reviewed here) remain unnoticed, even though it has been featured on MNO for over 50 days while on some other monitoring sites it’s been listed as Paying for over five months already. Considering the plans UniteTrade is paying (120% after 7 days and 150% after 15 days) this achievement cannot be called anything other than a whopping success and it definitely beats such popular once short-term hits like BestInv and InvestiMates. Not one single complaint and stable payouts to LibertyReserve, PerfectMoney and AlertPay. This program is simply amazing but still not so popular. Personally I’d have to say a lot of this is down to a lack of advertising. But those who are with UniteTrade from the beginning can confirm that you could multiply your money many times if you joined a couple of months ago. Of course, we cannot know for how long the program will continue paying but it really makes me wonder why such gems like UniteTrade still go unnoticed. Well, I’ll just keep wondering, I guess.

I have to report that the admin of ForexCompanyOnline blocked my account a couple of days ago. First I thought this was some error on my side so I kept emailing him to change my secondary password in his program. After some time I received a very strange email where he said that I had forced him to advertise on MNO and that he asked me to return money and delist his program. Well, I have my suspicions about where this really originates from and who is pushing the buttons. But in this case I will keep you guessing and will not mention this guy on my blog not to advertise him which he obviously eagerly anticipates. I just wanted to explain that ForexCompanyOnline contacted me first, paid the monitoring fees like every other program and was accepted for monitoring. I fulfilled my obligations and listed them on Paying status when they were paying.

However, this strange demand will not be honored and I believe this is just an excuse and indicates that they are going to scam soon. At least I can’t see any other reason to save $3 payments in order to spoil their status on MNO and their reputation in the eyes of potential investors. I will keep emailing the admin in order to clear the situation with the blocking of the account, Meanwhile ForexCompanyOnline will stay on Problem status on MNO and I recommend you to hold off your deposits with them for the time being. I would like to remind you of the recent example of SeatRonacs. Their admin behaved in exactly the same way and refused to pay to for no apparent reason. His program was gone in less than a week after being moved to Problem status on MNO. So if you are in ForexCompanyOnline already I suggest you stay on the safe side and avoid them even if they are still making smaller payments to some monitors. Selective payments can not be tolerated and amounts to bribery of some monitors in order to steal larger amounts from you.

Lately I received many complaints from readers who joined Pickash via AlertPay. They complained about the irresponsiveness of AlertPay staff for many days already. I think that after the incident many investors will actually think twice about whether investing via AlertPay really helps insure the safety of your principal simply because you can file a dispute if a program suddenly scams. But maybe the opposite is true? Due to some malicious complaints submitted by jealous competitors AlertPay can block accounts and while refunding is merely an option and not an obligation they will keep the money for themselves while giving you an excuse. I think it’s hypocrisy by AlertPay to willingly accept so many HYIPs as clients only later to block those same accounts without any reasonable grounds. Especially when the program is in full swing, thus compromising members chances to be in profit from what they already knew was a game.

So on one hand, AlertPay is safer because of the possible refunds, but on the other hand, it’s more dangerous due to some incidents which could affect a program’s performance and put your money on hold for an indefinite period of time while you could try to make some money elsewhere in the HYIP industry otherwise. So for my next poll starting today and continuing till next Monday I would like to know if you consider using AlertPay an advantage or as an additional threat and risk. Please submit your answers to the poll located under my Shoutbox and I’m sure it will be interesting to see the results.

This is the question for the next poll and the possible option to reply:
Do you consider accepting AlertPay by an HYIP an advantage or a threat?
1) It’s an advantage. Accepting them instills confidence and more members will consider the choice to be a sign of professionalism and make deposits.
2) It’s an advantage because I feel my funds in any online HYIP are more protected so I prefer to deposit via AlertPay anyway.
3) It’s a threat because AlertPay can block the program’s account at anytime and affect its performance and longevity.
4) It’s a threat because if AlertPay blocks an account I can lose money invested via other e-currencies.
5) I do not consider using AlertPay as an advantage or a threat. I don’t care about them and rarely or never use them.
So please keep voting and let’s count the results in the end of the week.

I have been paid today by the following programs listed on MNO:
TradersPower (the first payment received), InWolton, VividTrade, Vodapex, PawnShopFund, NovaFx, FutureTrails, CherryShares, UniquePay, EzProfit, YesInvestment, OnyxInvClub, GlobalTradeManagers, OilStructure, WorldPrivateFunds, SignalTraders, 144CashAds, GroupUniversal, Forexica and MajesticMoney (the first payment received).

So as you can see the new program which was added to Premium listing on MNO today is MajesticMoney. This is a brand new short-term program offering two investment plans taking LibertyReserve and PerfectMoney. The first plan will pay you from 23% to 27% daily (based on the size of your deposit) for 5 days. The second plan will give you an opportunity to earn 130%-150% on expiry after 7 days. The minimum to invest in both is $10 and the admin of MajesticInvest program Darren promises instant payouts to both payment processors. Actually, I liked the layout of the program and the live chat installed was also a nice touch. Of course, instant withdrawals, a dedicated Staminus server from Koddos and a licensed GoldCoders script will be the factors many will appreciate before investing in the program. I believe it can become a successful one and have already received some ref commissions from the first members. I will look forward to my first payment from MajesticMoney tomorrow and will hopefully bring you a more detailed review then. We’ll also see soon if this program will really become majestic and bring readers some majestic profits.

That’s about it for today, guys. I hope to see you all in on Tuesday with another review and more news from the HYIP industry. Stay tuned and see you then!