27/05/2011. AlphaForex Review and Daily News from the Industry

Beware! AlphaForex has stopped paying and has been moved to Problem status on MNO! Do not invest there!

Hi everyone! Hope you’ve all had a good week and are looking forward to a couple of days off. I’ve had a couple of new additions to the MNO monitoring list that I want to get through starting this evening with one called AlphaForex which is a long term low interest HYI program. I guess it’s fair to say that with a few exceptions the long term side of the industry has had it’s share of bad luck and setbacks recently, with more than one program that promised so much failing to deliver for one reason or another. Admittedly it can be a difficult call sometimes and it’s hard to tell how investors will react to it – that, along with the admin’s own intentions being the two single biggest factors that will determine the program’s eventual outcome – but AlphaForex at least looks to be more professional and better organized than a lot of others we’ve seen recently. For one thing the interest payments (which you will receive daily) in their most important plan are variable. It might make your eventual profit that little bit more unpredictable but in the long run it should make AlphaForex a more stable investment as the admin has a bit more leeway to reduce payments if the business has a couple of slow trading days. By not placing financial obligations that that could prove difficult to meet he can extend the life cycle of his program by dropping the rate while still managing to pay a little extra from time to time when fortunes improve. So if you’re a fan of long term HYIPs more than short term ones then I think it’s definitely worth at least a second look.

There’s a pretty good selection of plans available from AlphaForex, though it also has to be said (and this is typical of a lot of longer term programs) that some plans are beyond the financial means of the majority of online investors. Don’t rule yourself out however as there are other more affordable offers on the table for you and the program can be joined in some shape or form for as little as $20. One of the biggest selling points and something that is no doubt going to attract a major influx of investors though is without doubt going to be the “signing on” bonus made available to new members. Before we get to the plans themselves this is something I need to explain because it’s a very important factor you need to consider when planning your investment.

By joining AlphaForex the admin will add a 20% bonus to your deposit immediately on which you will earn interest and will be able to withdraw once the term of your chosen plan expires. So in other words were you to invest $100 out of your own pocket you will actually find $120 in your account and that is what you will earn the interest on. This will also go a long way towards helping you to break in the program as well and earn you back your own capital a lot faster than you may otherwise have expected. Now, when I describe the plans below I’m not going to be factoring this bonus into the equation. Simple reason is everybody’s investment is going to be different and I really don’t want to confuse the issue for anyone. But if you are going to join then just make a note of the 20% bonus yourself and do your own calculations to see how it might benefit you.

So, the first plan we come to is called The Alpha Small Cap Fund. You can join this one for a low minimum of $20 so I’m guessing it’s going to be the most popular. The term runs for 180 calendar days but – and please pay attention because this is extremely important – interest payments will only be made on business days. In return for your investment AlphaForex offer anything from 1.6% interest to 1.9% per day, paid Monday to Friday.

In practical terms what does that mean for you? Well, I suppose it depends on what day of the week you join, but for the sake of getting a general picture of how your investment might work let’s suppose that a typical 180 calendar day period contains 128 business days. You should be able to earn something between 8% and 9% interest of your investment over the course of a week and finish up with something between approximately 205% and 243% in total profit. My guess would be the true figure is someplace in the middle (or closer to the top actually, when you factor in the initial deposit bonus). Your principal is then returned. The 180 days isn’t exactly “an investment term” by the way, it’s just a lock-in period. Once it expires you have the choice to either withdraw your deposit and leave AlphaForex completely, or else leave it in place and continue earning until you’re ready to leave.

The second plan is called The Alpha Mid Cap Fund and with a $1000 minimum required for an investment it’s obviously for the more serious players. Again it runs for a term of 180 calendar days with interest payments made on business days only. The main difference this time is that the interest rate is fixed at a standard 2.1% per day. Over the course of the week that would bring in 10.5% return on your investment. Again the final profit will depend on exactly how many payment days you encounter during the term (there can be a slight difference depending on when you join) but a typical figure would be in the region of 268%. At the end of the term you have the option of taking back your principal and leaving AlphaForex, or leaving it in place and continue getting paid.

After that things really do step up a gear with AlphaForex‘s third plan. It’s called The Alpha Equity Fund and it’s going to cost you a cool $5,000 should you wish to join. In return for that they offer you a 2.3% daily interest payment made on business days only during a 180 calendar day term. An average return for this plan would be somewhere around 294%, which can be classed as profit once you withdraw your principal. You again have the option of doing that only after the 180 day lock-in period has elapsed, or alternatively leaving it in place if you prefer.

And finally for the serious high rollers we come to The Alpa Fixed Income Fund. With a minimum price tag of $15,000 to join I doubt many of you will be taking AlphaForex up on this offer, but just for your information there is a minimum lock-in period of 180 calendar days during which you are not allowed to touch your principal, and during the time that your deposit is active you can earn 2.6% interest paid on business days only.

Payment options are a little basic at the moment and are limited to just LibertyReserve and PerfectMoney. If the program is to grow to its full potential then the admin really needs to look into expanding this list. I know some admins are a bit uncomfortable with AP at the moment which is understandable but there are alternatives that should also be considered. That aside payments are made extremely fast. You need to log in and request them and after you do so the admin says you should see it within one hour. Incidentally when you first make your initial deposit you will be funding your account area. Once you’ve done that you will need to re-direct your money into the plan you’ve decided on. Your 20% bonus will be added automatically for you.

AlphaForex is running off a unique and very original script and is a fully SSL encrypted website. There’s quite a lot of reading on it and plenty of information on the program. In fact they’ve even got a handy little video guide that gives you step by step instructions in getting started. They are also hosted on a dedicated server with a high standard of DDoS protection provided by PhoenixNIC. If you have any further queries, comments, or account related matters to discuss you can contact the AlphaForex support team either by telephone, directly by e-mail, or by filling out the support ticketing form on the contacts page. AlphaForex also have a Live Chat feature, but it isn’t a 24 hour service and no information is provided as to when (if ever) it’s turned on.

Despite clearly being a professionally designed website of a high standard and in HYIP terms a very original one, I can’t really say the same for the texts. They’re a mish-mash of extracts directly copy/pasted from a variety of other sources, some HYIP related and some not. Or at least that’s true of the texts related to the alleged AlphaForex business activities anyway. They list off all manner of investments they claim to be involved with, but oddly enough would you believe that the only thing that appears to be missing from the list is ForEx trading itself? I only mention it because of the name of the program being AlphaForex, though of course I have my doubts as to how much of it is exactly accurate information anyway. As is the case with every HYIP until proven otherwise. But as far as HYIPs go AlphaForex doesn’t look a bad addition to what’s basically a fairly threadbare market at the moment. We’ll see in time if they can ever pose a challenge to the few remaining giants there are on that side of the industry, even if it’s hard to see where else that challenge is going to come from. Meanwhile if pressing ahead with AlphaForex just remember the most important rules for any investor which is to stay within a rigid spending budget based on what you wish to spend rather than what you hope to earn and try to avoid over-dependence on any one HYIP by keeping a diverse portfolio.

DAILY NEWS FROM THE INDUSTRY.

Do you know that according to my stats HighEarn (reviewed here) is probably the most rapidly growing short term program now? I don’t know why but I suspect that the instantly processed payouts to LibertyReserve, PerfectMoney and AlertPay has a lot to do with it. Of course everybody loves to be paid instantly and so far HighEarn just keeps delivering them for four days in a row already. The program offers one plan paying daily 18% daily for 7 days and three more plans paying on expiry – 125% after 5 days, 160% after 10 days and 195% after 16 days. In the first newsletter the admin of HighEarn Mike reminded us that tomorrow is the day when the first investors in the 125% after 5 days plan will get their profits. He also asks members to support his program by reinvesting and promised that he came here to stay and has great plans for the future including opening his own forum soon. Here is the newsletter from HighEarn:
“Big news for HighEarn!
You are reading first official HighEarn newsletter. My name is Mike and I’m very happy to welcome you in our online investment program. Tomorrow will be the first pay day for people who made deposits on 5-days plan. I’m urge you to re-invest and continue earning with HighEarn. As you know, members support is crucial for hyips especially in summer time, which we are approaching. Do not worry, we are here for a long haul and I expect HighEarn to run for at least a couple of month.
I’m planning to open new official forum for HighEarn members and prospects, so be prepared for that, too. Will see you in next newsletter soon.
Enjoy your weekends,
With best wishes, HighEarn admin Mike”.

Another popular short-term program OsWealth (reviewed here) has been listed on MNO for a week now, since day one in fact. That means that today the first principals were returned to the first investors joining their 3%-5% for 7 days plan with principal back on expiry. Of course those who invested in OsWealth on day one also profited today from a more attractive plan paying 128%-142% after 7 days and I sincerely hope that in a week from now we see the first success stories from the most profitable plan in OsWealth paying 160%-198% after 14 days. The great thing about OsWealth in my opinion that makes it stand out from its competitors is the automated payouts. Members do not have to request anything and are paid automatically either daily or on expiry. It’s also always great to see a totally customized script different from GoldCoders and be paid automatically without waiting for possibly days to be paid. I hope that this feature helps separate OsWealth from its competitors and help it last longer and become more popular. Even if it does only accept LibertyReserve and PerfectMoney for now.

The highly anticipated daily performance reports from EliteAlliance (reviewed here) are finally out and members of this private investment club can now have a closer look at how the program is performing. As I have no idea how the Forex market works myself you’re welcome to check out the reports by clicking this link. Here is the short announcement from one of the co-admins of the program Alex posted on EliteAlliance‘s website today:
“Update from Alex Reiter
Dear Business Partners,
Please be aware that our Performance Reports page is ready – you can find the Activity Reports as soon as they are published at:
https://www.elitealliance.net/interface/reports.php
Please wait for the next update from Leon where he will explain things in detail.
Take care and best regards, Alex
Elite Group”.
I remind you that EliteAlliance was added to MNO monitoring 111 days ago and is currently ranked as the #2 most popular program among readers. EliteAlliance is a private club where new sign-ups are allowed only from invitations by existing members (click this link to join under me). EliteAlliance accepts four payment processors (AlertPay, LibertyReserve, PerfectMoney and SolidTrustPay) and you can deposit in any plan for a $10 minimum. There are four investment plans available all of which pay on expiry – 111% after 7 days, 125% after 14 days, 160% after 1 month and 260% after 2 months. More about EliteAlliance and how they allegedly earn profits can be read in the very detailed and interesting interview with one of its admins Leon Reiter here – I think the interview will clear up many things for you about that program, so I advise you to read it before joining.

Two days ago another monthly winner was announced by the administration of the oldest program featured on MNO – ReProFinance (reviewed here). The program’s lifetime is really impressive and was introduced on my blog for the first time almost a year ago. So what is the secret of its long lifecycle outlasting all others? I think first and foremost is the stable and sustainable investment plans. Unlike others, ReProFinance doesn’t offer enormous returns but those who joined the program a year ago putting their trust and money in it were not disappointed as they already gained some impressive profits by now. ReProFinance pays on two main investment plans where you will get your principal on expiry – 0.8%-1.5% for 90 business days and 0.9%-1.9% for 180 business days. The second important factor why the program succeeded in my opinion is the wide variety of payment choices (AlertPay, LibertyReserve and PerfectMoney are all there along with direct Bank wires for larger investors) and the instant payouts when in most cases you will get paid instantly to your e-currency account. Well, I guess the monthly contest where one lucky investor with at least a $100 active deposit in the gets credited with $1,000 cash bonus randomly is also a factor contributing to its growth and it’s already become a good tradition in recent few months. This month I would like to congratulate an investor in ReProFinance from Kazakhstan on winning this great prize of which the latest announcement was posted on the site
“Investor of the Month WINNER announced (May 2011).
Investor of the Month (May 2011) is announced. Our software randomly chosen Mr. Andrew Ibragimov from Kazakhstan (Login ID: A06409), and he has become the winner this month. He has directly received the 1000 USD to his account, our congratulations and Investor of the Month Certificate mailed to his mailing address. Thank you for participating in our program.
We remind you that any investor can participate in Investor of the Month program by having active deposit of 100 or more in any available currency (USD or EURO). The Investor of the Month is randomly chosen by our software every 25th of each month and gets the $1000 prize.”

There was another expansive newsletter sent today by the admin of GulfReserve Alina (interviewed on MNO here). And as usual this newsletter was packed with useful content and the most recent news and updates. Since the newsletter is quite long I would like to briefly summarize a few of the main points:
1) Site design was updated to make it load faster and more user-friendly.
2) Investment calculator and server time were added due to popular demand.
3) Clarification has been made about the survey bonuses available soon.
4) Problems and possible solutions for investors intending to deposit via AlertPay’s interface credit card into the short-term 105% after 5 calendar days plan due to AP’s policy on first-time credit card holders.
5) Update and the first winners on the ongoing Facebook contest where members can participate to win cash prizes.
Here is the full newsletter from GulfReserve with the full details:
“Site updates and Important newsletter
I am sure you are all having a good time meanwhile as usual we have been working lately to enhance our program from almost all different aspects so therefore I am going to address updates in our design and some more important issues:
Updates to Site Design:
Due to excessive usage and high traffic attracted to our site, we have decided to remove the flash header and replace it with static images, So we have a set of three different header images which will be shown randomly. This change will also help all of us to get rid of those noises from header upon changing pages all the time.
Due to many requests from our member, we have also added server time on members home page. More work has been done all over the site, you might also want to check investment plans page which has also been redesigned.
Investments Calculator:
To assist our investors, we have also added a simple calculator where you can select your desired plan and specify the amount you wish to invest, and it will instantly tell you the total amount you will be returned upon expiry. Although we have added a very visible button on left side, but I will still provide the direct link:
http://www.gulfreserve.com/calculator.aspx
Survey Program:
No its not there yet but I would like to post a reminder here that our developers are working, I have already forwarded the set of questions to them so we can expect it soon enough. Although some people have mixed up our on going FaceBook contests with survey program, but let me assure you that they are both 2 different things and survey program will be announced soon.
Important! Investments in Short-term with Credit Card:
There are few concerns which eventually caused a full bench meeting with our board of directors. The problem is that we have received several investments made from Credit Card in “Short-Term” plan, which is paying only after 5 days meanwhile AlertPay is holding any CC deposit for period of at least 7 to 14 days if investor has never used that credit card before.
As expected I have a big pile of such deposits, Although we didn’t conclude any decision about them yet but most likely it seems length of these investments will be extended but I will write exclusive newsletter regarding this soon. Let me also clarify that as I explained earlier we have been verified and certified by AlertPay to be able to accept CC deposits so there are certain TOS that we have comply with so whatever happens is for this first time only and so according to AlertPay from next times using the same CC, you will never have this situation if you intend to invest in Short-term plan.
This is not only limited to existing investments but we might also stop accept CC for any investment in short-term plan, however I will write specific detailed newsletter about it by tomorrow.
Now coming back to “all is well” stuff, our FaceBook frenzy continues and people are actively participating and earning with our on-going contests, Let me remind you that we are posting different simple questions everyday and our active supporters are replying and lucky winners are really winning real cash rewards or bonus upgrades. You can read about this from our blog. Here are the latest winners:
$1 USD cash-reward: Gokul G Yadav
$10 USD free Bonus investment: umeghayu
More questions have been posted and winners will be announced again tomorrow so you might not want to miss this. Let me give you the direct link to our FaceBook page as well:
http://www.facebook.com/pages/Gulf-Reserve/209901512378189
Regards, Alina.”
I’d like to remind you that GulfReserve was first reviewed on MNO here and currently it’s accepting AlertPay, LibertyReserve and PerfectMoney providing instantly processed payouts on the following plans – 4%-5.5% for 30 business days, 1.2% for 150 calendar days, 105% after 5 calendar days. The program has been listed on MNO for nearly two months and currently occupies #7 place in my rankings based on the popularity level of GulfReserve among my readers.

I noticed that I have a pending payout today in SiliconValleyGroup (reviewed here). And though the admin reserves the right to pay within 48 hours I was usually paid instantly. If they don’t process the payment tomorrow I’m going to move it to Problem status on MNO for that very reason. For now there is nothing to worry about yet, but I’d just like to warn you about that situation as possibly SiliconValleyGroup is going to collapse soon. Please take this info into consideration and wait for another update from me on the situation tomorrow.

It looks like like IdeasProfit became the third program with ultra short term plans listed on the MNO Basic section this week to not even survive 24 hours. Well, it looks that the admin reserved the right to pay within 12 hours from the request but I really doubt it’s ever going to happen. I’m aware that my readers can bear some losses due to the activities of such malicious programs as UsefulInvest, GrowingForex and IdeasProfit and therefore I have made a decision that would hopefully cut out such quick overnight scams from my monitor. From now on all the programs that offer 1 day plans and take Basic listing on MNO will be only moved to Paying status once the payout on expiry is received. So my readers will see whether such programs can be trusted. Please note that the rule will only apply to suspicious short term programs on my Basic list and won’t apply to more quality programs that purchase Standard and Premium listing on MNO.

The programs listed below paid me promptly within the last 24 hours and are listed in Paying status on my monitoring page:
OsWealth, GorgonProjectInvest, EliteAlliance, EarnoSphere, GulfReserve, HighEarn, BrantonsGroup, Insectrio, MAHIFund, SafeDepositary, SquareBoxTrends, Opulentia, ViscoCorp, EurosFund, PrimFix, InvestNetGroup, EurexTrade, LucrativaFund, UmProfit, PermanentProfit, CyproRealty, UnicornInv and AlphaForex (the first payments received).

That’s all I have to report today, guys. Have a very nice weekend ahead and hope to see you all here again tomorrow!