25/09/2010 FenixTrust Review and Daily News from the Industry

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

Hi everybody! I hope your weekend is going well so far. Today is my first full day in Switzerland (I arrived in Basel yesterday) and so far have to say it’s a pretty cool place. I’m going to be visiting a few different places here over the next two weeks or so and I hope the Alps will be everything I’m expecting!

Anyway, as I mentioned already during the week there has been one long term addition to my monitoring page during the week that I think a number of you may already be familiar with. It’s called FenixTrust and over the months of the summer it has managed to come through the crisis period in the industry relatively unscathed and continues to impress its growing number of followers with its professional service. In fact you’ll struggle to find a bad word written about them, at least not from any source you should be taking seriously anyway.

Granted FenixTrust may not exactly be a brand new program and I understand that many of you may have a problem with that. Ordinarily I’d say you’d often be justified in that, but this case I suggest you at least keep reading until the end. You might agree that the investment plans presented by FenixTrust are quite reasonable and sustainable, and could still provide you with a relatively dependable profit. In fact in many people’s opinions it’s still young program with its best days still very much in front of it. But as with any online HYIP its greatest single asset is its admin, and his ability not just to come up with the program’s strategy but to implement it and manage it as well. So far few would disagree that FenixTrust does appear to be a very well planned and organized investment platform with a clear and definitive vision of what they want to achieve and how they are going to achieve it.

So let’s talk about the plans. There’s a number of mostly longer term options available with one mid-term one available as well. That’s the one I’ll be starting with but the payments range from fixed daily interest rates payable in some to variable daily rates (depending on market conditions) in others. The importance of that should not be understated as by adopting such a flexible approach FenixTrust avoids making any financial commitments it may someday struggle to meet if the program should have a quiet couple of weeks as will occasionally happen every online HYIP. By lowering the payments when the market is in a temporary slump and then increasing them when things pick up again they ultimately ensure that you get a more fair return on your investment and for longer.

The first plan is called The ForEx Fund and is open to deposits ranging from a $5 minimum to a $300 maximum, making it affordable to just about everyone. The investment term runs for 30 business days (six weeks) and makes daily payments, Monday through Friday, of a fixed 0.6% interest rate. Your principal is of course returned on expiry. So for a $100 investment here one can expect to earn back $0.60 per day, five days per week, for the next six weeks.

At first glance the daily rate may not seem all that much but payments do eventually add up to 18% and that can’t be called a bad return on your investment by any means. In the greater scheme of things FenixTrust are adding to the long term stability by keeping it at a conservative and sustainable level. Just ask yourself would your prefer a program that pays 18% profit for maybe 15 to 20 cycles or a program that pays 100% profit after just one?

Moving on to The Bonds Fund next, FenixTrust are now offering a more generous interest rate of 0.8% per day for the longer term of 90 business days (18 weeks). The minimum spend goes up to $50 which may seem like a lot to some but is still affordable to many, especially since the program have taken enormous strides in establishing themselves as a good performer during the last few months. There is no stated maximum investment but if we take a simple figure of $100 then you can expect $0.80 per day ($4 per week) until expiry. This will add up in total to $72 in total – which is 72% profit – and then have your principal returned.

The remaining plans are a bit less straight forward. They too are long term options with daily payments, but from this point on those payments are determined by market fluctuations and will vary from day to day. It’s difficult to give any kind of categorical statement as to how much you may expect to earn, but there is a recent payments history which you can view. This lists the recent percentage payouts made so you can give yourself a rough idea of how things are progressing. Just don’t expect a good return this week to guarantee you a good return every week. The same rule applies to low returns as well I guess.

So next up is The Financial Stocks Fund. To join this plan you are going to need at least $100 and commit it for a term of 180 business days (36 weeks). Payments are made from Monday to Friday with your principal returned on expiry. The interest payments could in theory be quite literally anything, but FenixTrust guarantees it won’t go below 0.1%. Looking back at the payments made during the previous week however we can see that more typically they seem to be roughly around the 0.5% to 1.5% per day mark.

The Industrial Stocks Fund is the next plan and with a $500 minimum required to join it’s clearly intended for the more experienced players. The plan runs for the shorter term of 140 business days (28 weeks) but promises better average returns that the previous one. For one thing the absolute minimum FenixTrust are promising you goes up to 0.2% per day, but looking back over recent results payments have more typically fallen between approximately 0.55% to 1.85% per day.

FenixTrust‘s fifth plan is called The Fund of Funds and runs for a term of 120 business days (24 weeks). The minimum investment is $2000 so from this point on it’s really just the minority of HYIP players that are going to be looking into this. Payments are again variable with FenixTrust this time assuring us they won’t fall below 0.3% on any given day. A look over the most recent payments however sees them fall typically between 0.75% to 1.75% per day.

Then for a $20,000 minimum we have The Multi Market Fund. Given the price of joining I think it’s fair to say this description is purely for informational purposes only. The term lasts for 270 business days (just over one year) and makes daily payments that, we are promised, won’t fall below 0.4%. Not that I’m expecting very many of you to find out if that’s true of course. Typical interest rates for the last week have been from around 1.7% to 2.8%.

The choice of payment processors is something I think many investors may have mixed feelings about. On one hand it’s limited to just LibertyReserve and PerfectMoney (and there’s nothing wrong with either, but on the other hand recent experiences have caused some investors to re-evaluate just how big a role they would like companies like AlertPay to play in the HYIP industry). Mind you there’s always a place for them, but when it comes to long term HYIPs FenixTrust is a typical player as far as it’s selection of payment options is concerned. My personal experience with the payments so far is that they have been almost instant. Or at least very very fast.

Also compounding in the traditional HYIP sense of the word is not in use but you are free to allow your daily payments accumulate without withdrawing and re-deposit them once they have reached a sufficient minimum for your plan of choice. I can’t say it’s an option I’d avail of myself, but it’s there for you if you wish to take an extra gamble for an increased payment or wish to join another plan without currently being able to afford it.

However those of you preferring to avoid online payment processors completely will be pleased to see that FenixTrust have made bank wire transfers available. Not that it’s exactly an original idea or anything, but in this case you can use the transfer system for as little as $300. That’s an excellent service when you consider that there are other online HYIPs demanding several thousand dollars before offering this feature.

Aside from the well thought out plans the security of FenixTrust is also a cut above the rest. They are hosted on a dedicated Staminus server (the best) and fully protected with SSL encryption as supported by Comodo. Generally it’s a highly professional website and running off a totally unique and custom designed script. It’s also multi-lingual, and in addition to the English and Chinese versions FenixTrust has recently become available in Spanish as well. If you need to contact their support team with any questions (though everything is meticulously explained without making it complicated) you may reach them by filling out your details and submitting the form provided, by e-mailing them directly, or by telephone which is available during business hours and to English and Spanish speaking customers only. There is also a mailing address but as FenixTrust is largely an online based project there is little practical use to that. But in case you’re interested you will find the address in Hong Kong.

There is I suppose very little else that I myself can add at this point. FenixTrust is after all widely known among serious HYIP investors around the world and it’s not difficult to see why. It’s secure, it’s original, it’s profitable, and it’s sustainable. But by adopting such a flexible approach to their payments it also indicates a certain level of organizational skills and forward planning form the administration team and the program remains one to watch probably as much today as at any point since it launched.

DAILY NEWS FROM THE INDUSTRY.

I don’t know if it was an MNO article or something else last night that took effect on the admins of FiboTradePro and GroupUniversal but the fact is that both programs paid all the due pending requests today and have been successfully moved back to Paying status on MNO. This is exactly the case when I like to be mistaken and the latest confirmation of the payouts from MNO readers (thanks to them!) made me take the decision and put GroupUniversal (reviewed here) and FiboTradePro (reviewed here) both back to Paying status. By the way, the admin of GroupUniversal even blamed their hosting provider Dragonara for being responsible for the delay with the payouts in the latest update:
“Hello, All withdrawals has been sent until 23, sep.
Delay Reason: Hosting problem dragonara.net
Best Regards. GroupUniversal.”
However, I do not quite understand how Dragonara can be held responsible for the payout delays when the site was online perfectly ok this week and still accepting deposits. Anyway, let’s hope that GroupUniversal (and FiboTradePro) will stay online and pay for a long time ahead.

It looks that another miracle might happen soon. Despite that I removed Forexica from my listing completely due to the inability to access their website for over a week and then non-payments I will put them back to Paying status if they really do what they say they are going to – start paying all the pendings. Unless this happens I simply cannot restore the listing of Forexica in good standing on MNO and I guess there is no reason to explain why not – the program was severely damaged by the downtime which they blamed their hosting provider Dragonara for but I will wait and see if Forexica is able to resume payouts anytime soon. Of course, MNO readers will be the first ones to know about that. At the moment despite all the encouraging words from the admin investments there are still not recommended. Here is the latest update I got today:
“Hello all dear Forexica members,
All of you know that we went offline for 10 days and the only reason was hosting dragonara.net. We sent more than 30 e-mails to them first day and so after that and they didn’t reply. Even they didn’t give any backup to us. They just said wait a few days. Now Forexica is online again. We are planning to correct every thing.
Our request from monitorings is returning Forexica to listing without not paying status. Hope you understand that we went offline only because of our server dragonara.net and Forexica‘s managers aren’t the reason.
You will receive good news from Forexica soon.
We want you all to update your forums and blogs with this good news.
Kind Regards. Forexica.”

The admin of 144CashAds (interviewed here) sent out today a quick reminder about the cashout button being disabled during the weekend which you can read below (of course all the pending withdrawals have been paid by 144CashAds before that happened):
“Another great successful week has been passed with your great support.
All payout has been completed.
Quick reminder for weekend holiday. Cash out button will be disabled with in few hrs and will resume Monday server time.
Thank you. Lewies. Project admin”.

The admin of the recently reviewed SyFunds (read it here) sent his regular newsletter today where he mentioned that more deposit methods would be added in the near future. I hope that also means new payment options other than LibertyReserve and PerfectMoney are added. So far payments from SyFunds from 1.5%-2.2% for 150 business days are paid like clockwork within a few hours of requesting them. No complaints on that front but more payment options would be greatly appreciated by the members. One other thing that was touched on by the administration of SyFunds is the issue with hyip.com scam monitor which issued a warning against depositing in the program after it was listed on MNO. Well, I don’t think it will affect the performance and regular payments from SyFunds as everybody knows that hyip.com has some issues with the truth that cannot be explained in plain logic. Take FenixTrust for instance (reviewed today) which was completely removed from hyip.com without a trace after they preferred to advertise on MNO. Of course, such derogatory policy cannot be tolerated and I’m glad that more and more programs like SyFunds and FenixTrust choose MNO over hyip.com as their advertising partner. Few people with any level of experience in this industry have taken hyip.com and his bad tempered rants seriously for a long time now, as he has continuously exposed himself as an extortionist. As if yet another example was needed, let the below experience of SyFunds serve as a warning to both HYIP admins and investors alike.

The latest profit income generated by SyFunds according to their administration last week reached 8.3% which is pretty good result in my opinion. Here is the latest newsletter from SyFunds issued tonight:
“Dear Investor,
You are receiving this newsletter because you have registered with SyFunds Inc., a Seychelles company. We have been in business from last two months and expanding steadily. Recently we noticed that a popular monitoring service (hyip.com) started a targeted campaign to malign SyFunds Inc. We hereby want to assure you that contrary to their rhetoric, SyFunds is here to stay. And therefore, in future we may remove hyip.com from our monitoring page, especially if they continue this baseless defamatory campaign. There is probably some controversy between money-news-online and hyip.com, but SyFunds as an independent entity does not rely on either of them. We would also like to inform you that SyFunds Inc. is adding a host of new services and more deposit methods in near future. Our trading platform generated a healthy 8.3% profit last week and we foresee this trend to continue.
Regards. Richard Watson. SyFunds Inc.”

Here is the list of the programs that paid me for the last 24 hours and which you can find on my monitoring page under Paying status:
FundsOMatic, ReProFinance, UniteTrade, EzProfit, VividTrade, GroupUniversal, Vodapex, OrderDollar, CherryShares, FutureTrails, FiboTradePro, RedOrchidInvest, GainBucks, YesInvestment, OptimumPride, OilStructure, WorldPrivateFunds, OnyxInvClub, FenixTrust, YoKapital and PawnShopFund.

That’s all the news from the industry for today. Enjoy the rest of the weekend I and hope to see you again tomorrow when the results of MNO polls will be drawn and new ones will be launched. Also don’t forget that the cash contest in conjunction with PawnShopFund (reviewed here) is still running on the MNO Forum and you should check out this thread often for your chance to win $5 cash daily to your LR account. Stay tuned and stay safe, guys! See you tomorrow!