19/11/2010. ECashBroker Review and Daily News from the Industry

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

Hi guys! If you’ve been keeping an eye on my monitoring page recently you may have noticed a long term program called ECashBroker listed there for a little over the last three weeks. They’ve just decided to move from the basic list to the standard list so if you were wondering why I haven’t reviewed them before this evening, well now you know. ECashBroker however will have a difficult job in front of them if they are seriously hoping to compete with the better established long term programs around at the moment. There are also some security related issues that remain unanswered.

The first thing that’s going to go against them is the size of the minimum investment. In HYIP terms it’s astronomical and starts at $100 and that unfortunately rules out a good number of smaller investors or the folks who just play HYIPs for fun. Granted there are many programs with higher than average minimums but mostly the successful ones will be ones that start low and raise it after they became popular to ease the admin’s workload. (GNI was a prime example). In this case however the ECashBroker admin is going to have to try pretty hard to convince people to make a deposit, especially since there are so many others paying higher returns for lower deposits.

If the money’s not an issue for you however and you’re going to press ahead anyway, we’ll take a look at the investment plans. ECashBroker has four in total that run for terms of varying lengths. The first one runs for a term of 60 business days (12 weeks) and during that time will make daily interest payments. The minimum required to join is $100 and the maximum is $500. For the plans duration you will receive 0.6% interest per day, Monday to Friday, which will amount to 3% per week and 36% in total. That can then be considered as profit when your principal gets returned.

On one hand it may not look all that appealing but it is at least sustainable, so don’t underestimate that either although it counts for very little if they don’t get the support of the investing public. Anyway, ECashBroker‘s second plan is a similar low ROI offer. This time it runs for 80 business days (16 weeks) and will cost you a minimum deposit of $501 to join. In return you are offered a daily interest payment of 0.8%. Over the course of a week that will bring in 4% and by the time the plan expires you should hopefully have collected 64% in total. That can then be considered profit when ECashBroker returns your principal. Maximum spend is $2500.

Next up for investors willing to spend a $2501 minimum ECashBroker have a plan that runs for 120 business days. Members here are offered a daily interest payment of 1%. Maximum investment is $5,000 and your principal is returned on expiry.

The final plan carries a minimum price tag of $5001 and has no maximum. It makes daily payments of 1.5% interest and returns your deposit after a 180 business day investment term.

Something else that may hold the program back, or at least prevent it from becoming really competitive, is the limited choice of payment processors. The only traditionally HYIP associated partner being used by ECashBroker is LibertyReserve, though curiously enough they also have a PayPal account. It’s hard to say how to approach that, but as PayPal have a fairly strict “No HYIPs Allowed” policy then it remains to be seen if this causes them some problems later on. Payouts are manual and need to be requested. How long you are required to wait for your payout to be processed is not specified.

Something of greater concern than the somewhat haphazardly thought out investment plans however is definitely going to be the site security. Although the site of ECashBroker is SSL secured and is hosted on a dedicated server I’m not sure about the DDoS protection. I’m also am quite concerned that the script used by ECashBroker is apparently GoldCoders but not licensed. I asked the admin to explain the unlicensed script and their protection level but after three days I guess he has decided it best not to answer as he has still not replied. Which doesn’t say a whole lot for their communications and customer support either. You can submit questions on this or any other matter you may be interested in to the ECashBroker‘s admin by filling in the online ticketing form on the contacts page. The site is translated into Spanish and lists telephone numbers in Panama and Switzerland. It is quite ironic though that they quite brazenly describe themselves as “the safest company worldwide” on their homepage when they are as far as I can see quite the opposite. So just beware of that if you decide to play.

Texts are original but I can honestly say that ECashBroker is perhaps the first HYIP website that would actually have benefited by copying them from some other source. Unfortunately they are simply littered with spelling mistakes and while I don’t hold it against the admin if his English is not up to the standards of a native speaker it very unprofessional. It really wouldn’t have been that difficult to get a proper translator or proof reader to edit it for him first. As regular readers know I rarely put too much stock in the these things anyway but if you’re going to make up an elaborate story about investments in everything from ForEx to property development your not really going to inspire much confidence in people if you can’t spell the things you invest in. certainly not when you’re looking for the hefty deposits that ECashBroker is anyway.

The final verdict? It’s as much a game as anything else in the HYIP world but the sustainable plans are somewhat undone by unanswered security questions and a high minimum that rules out a lot of players. ECashBroker have a lot of work to do if they are to turn this around and be taken seriously by the more savvy investors that can separate potential hits and misses straight away.

DAILY NEWS FROM THE INDUSTRY.

It looks like today saw the predictable end of the RoboticInvest program led by the dreadful lying admin Edward and now we can confirm it’s a scam 100%. As you can see on their monitoring page all the logos of the monitoring sites shows Paying status, however if you click on them you will see the real Problem status. This fact alone shows how an awful admin can destroy his own program due to his own stupidity and dishonesty. It was really not difficult to see his true intentions when he ran his program as a low-ROI for over a month in a very low key manner before starting a huge advertising campaign with ads on many popular sites in hope of getting as much as possible money into the 7 and 14 day plans. As you remember, in my review of RoboticInvest I was quite skeptical about the program which made the admin angry to the point of hysteria and got totally out of control with his poisonous campaign against me, his imagined rival EarnPlaza and some other sites. Well, he predicted the coming collapse of EarnPlaza (reviewed here) but now look where they are and where his scamming program is – on the bottom where it deserves to be. I know that the admin of RoboticInvest reads my blog and I would like to say to him that I have no respect for him, for all his lies, and would like to warn him from looking to pay for advertising on MNO again because he will be exposed on my blog without any doubt. I don’t tolerate people like that and don’t want to waste my time on them. The industry is better off without them and I can only wish he lost money on it himself.

And thanks to one reader I can give you a recent lying update from the admin of RoboticInvest who is trying to squeeze the last few pennies from gullible investors. So please be careful and don’t invest into RoboticInvest which is currently on Scam status on MNO, especially if you received this email:
“Promotional Bonus! 25%
For the next 48 hours only we are offering a 25% Promotional Bonus!
Make a new deposit into our “120% after 7 days” plan and receive an instant 25% bonus to your account balance available to withdraw instantly.
Example. Make a deposit of $20. First you will receive $5 (25% bonus) and after the 7 days is up You will receive $24 on the expiry of the plan!
Don’t miss this opportunity right now or you may regret it later.
Best Regards. Edward Sibley (RoboticInvest Adminstrator)”.
Well, the only thing you will regret later is if you give your money to this proven criminal. So think twice!

By the way, it looks that in my current poll where I wanted to find out your attitude towards lying admins in the industry the results made me feel alright as 45% of readers don’t appreciate it when the admin deliberately lies to them and would not invest in such a program. That means I’m on the right path and will continue to expose lying admins and dishonest monitors on my blog in future. 36% of voters are in doubt if they would invest in such programs or not as they are accustomed to being lied to by now. I believe this is a healthy approach from investors who first of all think about the possible profits from a program and then about the stories made which in 99% of cases are not true. So I can see the rationale here as well. Finally, only 18% of my readers would invest in a program run by dishonest admin because they never trust them anyway.

Well, perhaps there is something to be said for not trusting the admins and making your own judgment. Look at PawnShopFund for instance. The program managed to survive for nearly four months and proved to be a very successful and profitable program for many investors. However I hope you didn’t believe for a minute that PawnShopFund actually had some outside revenues to pay such high profits to your accounts. The only goal for every admin is to make as much profit for themselves as possible and of course the admin of PawnShopFund Frederick was no exception. Until yesterday the program was a great paying HYIP but just suddenly the instant payouts to LibertyReserve stopped and this time the admin totally disappeared leaving his investors stranded and hoping for a positive outcome which is obviously not now going to happen. At the moment I’m hearing from some investors that payouts to AlertPay are still being processed instantly while payouts to LR and PM stopped. This together with the admin’s silence and inability to answer the questions from his members is an obvious sign for that PawnShopFund is on its way out. It has been moved to Problem status on MNO already and I warn you from joining.

The recent happenings with PawnShopFund, WorldPrivateFunds and some other programs proved to many investors once again that if you use AlertPay for investing you have a much better chance to be in profit. So why is this and why do the investors depositing with AlertPay have a better chance to be in profit than if they invest via LibertyReserve and PerfectMoney? Well, the answer is simple – in 99% cases the admins of HYIPs use fake IDs in order to verify their accounts with AlertPay which prevents them from withdrawing their funds via bank transfer, check or credit card and the only available option of exchanging the money via different exchangers are quite limited and monitored by AlertPay staff. So as you can see the admins are really not interested in keeping the money in their AlertPay accounts while LR and PM having been totally untraceable and easy to withdraw via various multiple exchangers is an easy task. That is why the admins do everything to get as much LR and PM as possible and get rid of AP in any convenient way. So, if you remember the admin of PawnShopFund made it possible for his members to exchange your LR and PM to AP through your members’ area therefore making the last attempt to get as much LibertyReserve and PerfectMoney as possible.

If you think that receiving money by bank transfers, checks by mail and credit cards are not a very convenient option for you then wait before you hear the very exciting news from AlertPay which many HYIP players were waiting to hear for years – yes, AlertPay is finally launching its own Debit card. So now the last advantage of its main rival SolidTrustPay over them is gone (STP recently became not very popular among HYIPs due to funding and withdrawing delays). The new Debit card is already in stock and you can make an order from this page and receive it by mail within 3 weeks. The card will only cost you less than $20 and all the other fees are quite competitive (compared to the STP card for instance) and you can check them out on the page specified above or below where I copied-pasted the most interesting features about them which you might like to know before ordering. I see it’s a promo offer by the way so take advantage of by submitting your order soon:
“For only a select group of members, we’re launching the much-awaited AlertPay Debit Card!
The AlertPay Debit Card is big news at AlertPay! It’s issued in USD so you can spend or withdraw your money quickly and easily. You can also use it online, in stores or simply drop by your bank or ATM for cold hard cash. You can even use it to send money to family and friends.
Get The Card Today!
We know you can’t wait to get your AlertPay Debit Card, but we have to send it to you first!
You can expect it in the mail roughly 3 weeks after you register.
Get The Card Today!
Setup/Card Fee $19.95
Monthly Fee *$0 – $3.00
Annual Fee Free
eWallet Fee Free
Load Fee $1.50
ATM Transaction $3.00
* Monthly fee waived if no transactions occur during calender month on the debit card
Competitive pricing
The AlertPay Debit Card practically pays for itself… in convenience and savings!
With our competitive fees, you can have easy access to YOUR money and spend it anyway and anytime you want.
Get The Card Today!
The advantages of the AlertPay Debit Card
Never before have we introduced a product as high in demand as our upcoming debit card! And there are so many different things you can do with one:
Make online or in-store purchases
Withdraw cash directly from your AlertPay Debit Card
Send money to family and friends”.

I can see that more and more HYIP admins realize the potential which the addition of AlertPay gives a program’s credibility and boosts new funds as the popularity of it increases day by day. After Flamanta (reviewed here) which added AlertPay to the list of accepted payment processors just a week ago GloTrade also followed suit. Now you can invest in all the plans offered by GloTrade (110% after 5 days, 150% after 15 days, 200% after 25 days, 300% after 40 days) via LibertyReserve, PerfectMoney, AlertPay (starting from $20) and Bank Wires (starting from $400). I’m glad to report that GloTrade finally reached #10 among the top 10 programs on MNO after its stable work for three months. Today I was stunned when I actually received a profit from the 300% after 40 days plan straight to my LibertyReserve account. Of course, I redeposited the same amount into the same plan and am quite impressed that without a script GloTrade managed to process all my payouts in time so far. So if you are looking for a promising program accepting AlertPay maybe GloTrade is worth a closer look. More about GloTrade can be read in my detailed review published here.

I was also paid today on my first expiry with InvGenerator on their 115% after 6 days plan. To my pleasure the withdrawal was processed to my PerfectMoney account instantly as usual and I’m currently into their other two plans s well: 140% after 11 days and 170% after 15 days. I will let you know on my blog when I’m paid for those plans too. InvGenerator is currently 8 days online and the detailed review of the program can be found on MNO here.

It looks like many people are still experiencing issues with the weekly Executive plan in CazaInvestment. I saw a few complaints on forums about that despite the admin’s attempt to say in the latest newsletter that everything was being taken care of. Well, I don’t know why this happens but hopefully the admin will take care of these unfortunate investors. I myself am going to put a part of my deposit made into Executive plan in CazaInvestment which is going to expire tomorrow into the new 12% for 12 days plan which as far as I know has no problems at all (just like another daily plan offering 3.2% for 45 days and still being active). In today’s newsletter the admin of CazaInvestment (interviewed here) mentioned the successful 30 days of operating and promised to answer to all the support requests to members in the Weekly plan and credit their accounts manually. Here is the full update:
“Hello. This is a brief news on what’s going on with CazaInvestment. First this news would begin by appreciating our members and support team who have put us on top of the HYIP investment chart table. You all have been wonderful and we hope to continue to make you proud by rendering quality support service, processing profit withdrawal request right on time and staying online to enable you maximize your profit with CazaInvestment Inc.
This is 30 days since our operation and we have continuous grown to taking the lead, all payments are been processed, I noticed some members are having difficulties with their investment on the Executive plan, please we are manually processing profits on this plan, if yours needs special attention then do not hesitate to submit a support ticket, we receive lots of email but we would respond in the order in which emails are received.
Thanks for your support, we hope you continue to enjoy your membership with CazaInvestment – Your profitable Oil and Gas investment Solution. Payments are been processed, customer support service are at your call.
Yours sincerely, Pally
CazaInvestment – Relations Manager”.

The admin of FelixFunds Felix (interviewed here) asked me last night why the MNO forum contest where the main prize is $100 for the best suggestion about the improvement of FelixFunds program is not so popular compared to the $5 daily cash contest where you can answer questions about the program and earn some cash. Well, I just think that the people love cash contests but are not really in such a creative mood sometimes. I still hope that some MNO readers will be really eager not only to play the daily contests (you can find them here) but also take part in the creative contest for the best suggestion for your chance to win $100 (click here to participate). Here is the latest newsletter from FelixFunds:
“Hello. We saw that the mno contest for 5$ prize is doing very well. However our other contest for a 100$ prize is not so popular yet. Well, it’s individual option to want to win 5$ prize and not 100$ prize but we think we must remind you that you have this chance and more chances then to the other contest….both on MNO forum. The link to the last contest can be founded on our site (bottom left link).
Regards. Felix”.
Just to remind you – FelixFunds is a no-expiry program that accepts LibertyReserve, PerfectMoney and AlertPay and pays you 1.2%-2.3% per business day forever until you request your principal back. More about FelixFunds can be read in the detailed review published on MNO here.

Here is the list of the programs that paid me for the last 24 hours:
CazaInvestment, MicroTechFund, FenixTrust, Flamanta, Flinexa, EarnPlaza, TerraProfits, YamaFinance, TetraMetals, ReProFinance, PandaTrade, MutualTreaty, FondosMayores, Konstant, InvGenerator, FelixFunds, AssetManagement, InvestPlatforms, GWDConline, RevenueBuild, OilStructure, GainBucks, CherryShares, YesInvestment, 144CashAds, GloTrade, FxEconomy, ECashBroker, RedOrchidInvest and ProfitEu (the first instant payment received).

ProfitEu is a brand new program that has been added to MNO tonight and will be properly reviewed tomorrow. ProfitEu just launched a few hours ago and is running off a licensed GoldCoders script and is hosted on a dedicated server with Koddos protection. It only accepts LibertyReserve and PerfectMoney (the minimum to invest is $5) into a plan paying 3%-4% for 50 business days. Please note that your principal is already included in the daily profits and won’t be returned on expiry making ProfitEu quite a sustainable program in the long run. The first withdrawal of ref commissions was made today was processed instantly, however on the site the admin asks to allow 24 hours for the payments to be processed. More on ProfitEu will be found on MNO tomorrow, so stay tuned!

This is it for today, guys. I wish you a very pleasant weekend and hope to see you all tomorrow with another review and more news and views from the HYIP industry.