08/11/2010. FelixFunds Review and Daily News from the Industry

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

Hi guys! Looks like a pretty busy start to the new week for me as this is already the second post of the day. Not a bad complaint to have I guess. So anyway before moving on to the news one of the several new programs added to the MNO monitoring list recently was FelixFunds and that’s the one I’d like to discuss in a bit more detail this evening. It’s around two weeks online now but as a long term HYI program you can still call it new.

Well, I say FelixFunds is a long term investment program but in reality the length of the investment term is left up to you, the paid members. Because once you join, that’s it. You stay a member and continue to get paid as one until such a time as you decide to leave. When it comes to so called “perpetual” programs like this one I personally see no reason to leave if you can earn an amount equal to your principal back, as everything after that is just a purely passive income. But that’s just me. It’s up to yourself to assess the program based on your own requirements so I’ll try to describe the plans for you here as best I can.

For all intents and purposes FelixFunds basically has just one investment plan with four variations based on how much you care to spend. To join the program at all requires a minimum deposit of just $1 so it’s wide open to a pretty wide base of investors. After you join you will be paid a daily interest rate five days per week from Monday to Friday, i.e business days only. For the most basic deposits of between $1 and $100 you will receive 1.2% interest per business day (6% per week).

How long you wish to receive this is now entirely up to you. So it really depends on what your expectations are, but there is one very important factor to keep in mind. When, if ever, you decide to leave FelixFunds and request your principal back then a 15% fee will be applied regardless of how long or how much you have there. So if you deposit $100 the most you will get back from your returned principal will be $85. This is important because when calculating how much you are hoping to earn as a member of FelixFunds you are going to have to eventually account for this deduction. So remember not to leave too early as it will cost you too much.

Let’s take an example. Let’s pretend you want to invest $100 in FelixFunds with the goal of doubling your money, ie coming out with $200 at the end. You are going to have to earn $115 in interest payments to do so because all you’re getting back from your principal will be $85. So if this is your goal then you should be able to achieve it after 96 payment days, but remember that less ambitious goals can be achieved a lot sooner. So just think about what you want and do your own calculations around it.

Those spending more money are as usual put on a faster track to earning a profit. For deposits between $101 and $2000 FelixFunds are paying 1.5% interest per business day (7.5% per week). With the principal withdrawal fee of 15% in place that means you have absolutely no business leaving this plan before a minimum of 10 business days (2 weeks) as your earnings will be canceled by the fee. Anything after that however is your own so again decide how much you want to earn and plan your withdrawal date accordingly.

Personally I’d be happy to collect the interest payments for as long as the admin can sustain them. Considering that from this point on the minimum investment in the remaining plans is going to be so high that members joining them are going to be very very much in the minority, most of us can expect daily payments adding up to either 6% or 7.5% per week. Now I don’t want to say that it’s going to happen here but there are a good number of precedents in the HYIP world where payments like these were sustained for 18 months or more. So I myself think it’s worth taking a chance on and leaving your principal in place to continue earning. I’m also very much aware of the gamble involved in doing so, so if it’s not for you then fine, set your sights a bit lower. I understand that not everyone can either enjoy or afford the risk so if that’s a problem for you then please be more realistic.

If you’re a bigger industry player however and want to take a chance with something a little more substantial, then FelixFunds third plan is open to deposits between $2,001 and $5,000. This time the daily interest is 1.8% per business day, adding up to 9% per week. The term is again however long you’d like it to be with a 15% administration fee subtracted from your principal whenever you ask for it back.

The final option which is for deposits starting at $5,001. A daily interest payment of 2.3% per day is added on business days only, giving you 11.5% per week. Clearly this is a little tougher to sustain in the long run but like I said members here will be in the minority so it’s less likely to put so much of a strain on the program’s resources as you might first think. You may as usual withdraw from FelixFunds whenever you are ready, subject to a 15% deduction from your principal.

LibertyReserve, PerfectMoney and AlertPay are the accepted payment processors making FelixFunds a little better than most of the longer term programs around at the moment. Payments are manual and will need to be requested. As well as earning your interest payments on business days only, withdrawals are also only allowed on business days. You are asked to allow up to 24 hours for the admin to get everything processed, but do remember to be patient if making your request too late on a Friday night as you may end up waiting till Monday.

The script FelixFunds uses looks a bit like GoldCoders but is really their own unique script developed specially for them. Despite that the admin says he will shortly be replacing it for an even better one, so keep an eye on MNO for further news about that. FelixFunds is hosted on a dedicated server with the highest Enterprise level of protection by BlackLotus. SSL encryption is also in place which makes browsing more secure. Customer support is provided by filling in your details on the ticketing form provided on the contacts page. After you have joined the program however you will find a Chat Room in your member’s area so you can talk away with staff and fellow members alike.

Much as I like the FelixFunds website and their original and sustainable plans, the texts you see there are not original and have been used by others for similar HYIP related websites in the past. It may be more down to the designer than the admin, but ultimately it’s the admin who has to approve everything. Not that it means a great deal to me, (very little in fact) but less experienced players take note that it’s a lot less likely that FelixFunds are as involved in the ForEx trade as they say. Anyway, that bit’s really for you to follow up and verify for yourselves if you think it important. As far as online HYIPs are concerned there’s quite a bit of potential due to the fact that the plans can be sustained.

Will they be sustained is a whole other matter, and that is where I’m afraid you’re on your own. But if you’re playing it sensible and using FelixFunds as a small part of a diverse portfolio then sure, it might be worth a gamble.

DAILY NEWS FROM THE INDUSTRY.

Staying on the topic of the above reviewed FelixFunds I hope you all are enjoying the cash contest that was launched yesterday. The first winner already received his $5 cash prize. I wonder what you’re waiting for as it’s the right time to participate and try your luck in earning some fast easy money. The latest update from FelixFunds also put an end to any possible misunderstanding as to what kind of moderator they were looking for. So if you log into your account you will see the Chat link where you can click to open. That’s not a totally supported area but for now you can discuss anything or just chat with your fellow members. So this is why the clarification email has been sent today from the admin which you can read below and maybe will try your luck in the moderator contest:
“Hello. First we’d like to welcome all new members and remind everybody about our chat moderator contest. All details about it can be found on Money News site (Paul). What we also want to explain to all members is that our chat (in members area) is not just a live support as many of you proved us are thinking. It’s an area where any member can get in contact with the others and exchange opinion and support each other. That’s why we will have a moderator. Our support team is handling emails support too so it’s not logged in on chat all the time. But members can login there if so and chat to each other. So please use this feature which can be helpful for you and us both. We have ordered a new script with more interesting feature (never saw before in this industry) and also soon we will add bank wire payment option too. We are doing our best for you! Be lucky with us!
Regards, FelixFunds Team”.

By the way, maybe you’re curious about when the fully functional version of MNO Flash Chat will be online. My programmer faced some difficulties in installing it on the forum the way I wanted. So it was decided to implement it on MNO blog and replace the current Shoutbox. I’m not sure how long it will take but I will let you know as soon as everything is ready for the new chat.

I’m pleased that we still have such admins in this Industry who are not only doing a great job with instant payouts but also immediately notifying the members of their program once something is wrong. So, the admin of PawnShopFund Frederick (interviewed here) was so kind to update everybody on the small glitch that caused a slight delay with instant payouts to LibertyReserve only for some time. He wrote after everything had been fixed already (I myself didn’t even notice it) and told that the payouts are back to normal. I can confirm that LibertyReserve’s payouts from PawnShopFund are still instant now as it was stated in the latest short email from PawnShopFund sent out today:
“Dear members,
Probably some of you observed that the instant withdrawal was not working in the past few hours to LibertyReserve. It was caused by a small problem in communication between our server and LibertyReserve API server. This problem was solved few minutes ago and all the pending requests were processed, so the instant withdrawal system is UP again for every accepted payment processor.
Sorry if any inconvenience was caused by this delay, but I am glad that now everybody can enjoy again our Instant Withdraw feature.
Regards, Frederick admin of PawnShopFund.”
I remind you that PawnShopFund (reviewed here) is one of the most popular programs among MNO readers which already achieved the well-deserved #4 spot in my rankings and keeps climbing higher. The program accepts AlertPay, LibertyReserve and PerfectMoney to the following investment plans: 1.8% for 45 days, 2.1% for 60 days, 2.35% for 60 days, 2.4% for 75 days. You have two options on expiry of your deposit: either withdraw your principal and stop earning or stay with the program for an indefinite period and keep earning. I guess most of the members chose the second option, especially considering the instantly processed payouts to all the payment processors. PawnShopFund has been online for over 100 days and many members already profited from it. Let’s hope that the program will pleasantly surprise us with its longevity for many more months to come.

Another program that is even higher than PawnShopFund on the MNO rankings is EarnPlaza (reviewed here). After nearly 50 days online it’s surely the leader among short-term programs which can clearly be seen by such longevity for a program that is paying 110% after 5 days, 130% after 10 days, and 160% after 15 days for three payment processors: LibertyReserve, PerfectMoney and AlertPay. The admin of EarnPlaza Matt (interviewed here) is also an utmost professional in his business and always shows his care for his program and the members. Since the payouts in EarnPlaza are not instant it looks like some of the members are still forgetful enough to specify the account they would like to be paid with. Matt is always trying to reach them in his updates but I think they possibly don’t have AlertPay accounts and hope to be paid via LR and PM if they don’t specify their AP account. Well, I believe this is not going to happen here as you have to request the payouts to the same payment processor you upgraded with in EarnPlaza. For such forgetful members of the program there was another reminder email sent out today:
“Hello, as I see everyday increasing a number of payment requests without payment processor ID. Dear members, PLEASE check your profile before requesting a payment. If you dont have payment processor ID at your profile send it to support or just simply place it at withdrawal request comment field. So once again, dear members with following usernames please send your payment processor id as soon as possible to support:
hanga55 – please send as soon as possible your LR
hheni1 – please send as soon as possible your AP (already three pending payments and you always find a time to request. PLEASE find a time to contact me as well)
hasssy – please send as soon as possible your AP
Zita – please send as soon as possible your AP
attilahozer – please send as soon as possible your AP
That’s all for the moment, I will send my next #22 newsletter very soon, have a great day.
Best regards, Matt Powell
EarnPlaza Support”.

The admin of another long-runner program that has been monitored by MNO for 108 days and almost reached the Top 10 – WorldPrivateFunds – sent out a kinda reminder email about the processed payouts and the 5% withdrawable cash bonus all new deposits might get to their account. All you need to do to collect this bonus is to invest from $20 to $1,000 via AlertPay, SolidTrustPay, LibertyReserve or PerfectMoney to one of the various plans offered by WorldPrivateFunds: 0.9% for 10 business days, 1.1% for 30 business days, 1.4% for 60 business days, 1.8% for 90 business days, 2.2% for 120 business days (principal returned on expiry for each plan). More about WorldPrivateFunds can be found in my detailed review published here or my interview with the admin of the program Samuel (click here to read) whose newsletter I want to publish for your attention below:
“All withdrawal requests for Nov 7th have been completed.
I remind you about our cash bonus promotion: all NEW deposits from $20 up to $1000 (new or old members), are eligible for a 5% cash bonus that will be added manually directly to cash balance. This bonus may be withdrawal any time the member wants. There are NOT eligible deposits from cash balance.
We appreciate if you will post about your payment proofs on forums and vote us on monitors.
Thanks for your great support.
Do not hesitate to contact me for any problem.
Kind Regards. Samuel Arildsen
WorldPrivateFunds Admin”.

Just one place below WorldPrivateFunds is a program which also performs quite well, 144CashAds. The program fully justifies its name by delivering advertising to your sites together with 6 investment plans where you can profit from paying 1% for 144 days to 144% after 12 days. The investment plan structure is really unique and is aimed at the sustainability of the program for the long term which is pretty much what the admin of the program Lewies has achieved. To find out more about the unique mathematical model used by 144CashAds which will probably affect your investment decision you can read in my review of the program (published here) or my interview with the admin of 144CashAds (published here). Today as usual the payout button which is usually closed on Saturdays and Sundays opened again and all the payouts have been processed again. In a nutshell that’s the content of the latest email newsletter from the admin issued today:
“Hi. Hope you all enjoyed weekend. Payout button now open and all payout done. Welcome all new members in to our family. Pls feel free contact with us if you need any help.. Nov 10$ cash bonus stared for all 6 plans holder members.
Enjoy earning with 144CashAds.
Lewies. Project admin”.

If you still remember the failed privately owned HYIP called FairHYIP which stopped paying a few weeks ago and promised to issue refunds to all the members not in profit there is some good (or at least positive) news for you. I’m not sure if FairHYIP is going to return money to every single member of their program but at least everybody should try to do what the administration asks and take advantage of at least some chance to recover your money which could be better than most of the HYIPs that just disappear into thin air without a trace. So here is the newsletter for all the members of the now demised FairHYIP which hopefully will really prove to be fair towards its members:
“Good time of a day, dear investors and partners!
We apologize for the lack of information in this crisis period for our company, and we hope that this letter will bring some clarity in order for our further cooperation.
We are forced to announce a full closure of FairHYIP and Fair Premium investment portfolios for several reasons, including:
1. Shortage of capital turnover, for reasons that do not depend on us (more than 50 000 USD).
2. Lower liquidity for investment portfolios of the company when working on arbitration betting strategy (capital turnover > income, proportionally).
3. Barriers and obstacles created by the bookmakers for the destruction of our business (blocking of accounts, setting limits on stakes and withdrawals).
4. Zero in profitability of the company, because of the constant indemnification illiquid of investment portfolios from the reserves of the company. Lack of replenishment of these reserves (all income in the last 110 days spent on payments to investors).
All deposit plans are closed, all applications for payment of income are repealed, all funds returned to your account balance. Below providing details of how and when will a compensation (return) of capital undergo, which is left on your balance sheets.
Compensation will be carried out in two stages:
First stage:
Start – 09.11.2010.
Will go ~ 100-180 days, depending on the number of applications.
Order of compensation – from smaller to larger.
Condition – agreement on the transaction of full ompensation amount to one of the pools of FairHYIP Forex Edition investment portfolio.
Advantages of – your money works and generates income for both, you and the company. That will allow us accelerate the process of compensation.
Note – if your compensation sum is greater than (or equivalent to) 5,000 USD, we’re providing an “investor’s password” to monitor your Forex-pool account in live mode. Authentification data is available on request.
Second stage:
Start – after the end of First stage.
Duration of compensation – until zero balance of private investment portfolios.
Order of compensation – from smaller to larger.
To confirm your desire to participate in the first stage of compensation, you must submit an application to withdraw the entire amount of money on your balance, in the line “withdrawal comments:” write text “Forex”, and send a letter on special e-mail: apply@fairmanagement.org, which must contain:
1. Your investment portfolio.
2. Your ID.
Attention!
The letter should be sent from the e-mail, which is registered in your account!
If this condition is not satisfied – application will not be accepted!
When it is your turn to compensate, you will receive a confirmation letter with a proposal to select a pool of FairHYIP Forex Edition project.
To participate in the second stage is enough to apply for withdrawal of funds in a standard format.
Thank you for waiting, we apologize for the situation and look forward to your wisdom and confidence.
Best regards, Fair Management Corporation”.

I was paid today by the following programs featured on my Premium and Standard list:
Flinexa (the first payments received), EarnPlaza, PawnShopFund, GloTrade, AssetManagement, PandaTrade, CherryShares, CazaInvestment, YamaFinance, OilStructure, HourlyInstant, FutureTrails, PiratesInvest, Flamanta, 144CashAds, GainBucks, FiboTradePro, YesInvestment and FelixFunds.

This is for today, guys. I hope you enjoyed both posts and I hope to see you all on my blog tomorrow with all the latest news and views from the HYIP industry.