14/04/2012. MetalROI Review and Daily News from the Industry
Beware! MetalROI has stopped paying! Do not invest there!
Hi everyone! I didn’t think the weekend would be so busy for me (hope yours is going well by the way) but I have a couple of new programs on my monitoring page to tell you about. I’ll introduce them to you at the end of the news section as usual and take a more detailed look at them in the coming days, but the one I’m going to start with this evening is one called MetalROI, a new long term HYIP that opened about a week and a half ago. It’s hardly news anymore at this point that there’s been a noticeable shift in the industry towards longer term programs lately, and I’d say MetalROI is a fairly good quality example of that, being one of the better new launches recently. I know there’s a lot of other things that need to fall into place, both inside and outside the admin’s control, but fingers crossed MetalROI will prove profitable for all of us. So let’s take a closer look at what they have to offer.
It’s not really all that difficult to explain, as basically MetalROI just have the one single investment plan, though it comes with a number of slight variations depending on the size of your deposit.
The plan is a little tricky in comparison to others and might not be all that clear to newer HYIP players. But in practical terms it’s nothing unusual of course. The thing is it runs for 120 calendar days – about four months – but only pays on business days. So within that you’d be looking at 85 business days (payment days) or 17 weeks. During the term MetalROI require a minimum deposit of $10 to join the program, and in exchange for that up to a value of $999 are offering a daily interest payment of 2% made from Monday to Friday, and then return your initial deposit on expiry. So in total that means MetalROI will return 270% interest on your deposit, which contains 100% of your initial deposit, plus 170% in interest payments that constitutes your net profit.
Probably not of much interest to investors but I’ll include it anyway is MetalROI‘s larger deposits. In a nutshell for a $1,000 minimum up to a $4,999 top deposit they offer 2.2% interest for the same term – 120 calendar days but payments on business days only – which once MetalROI return your principal on expiry will give you a 287% return. That’s your own money plus 187% profit.
And finally for a deposit of $5,000 and upwards, MetalROI have no published maximum, they offer 2.5% interest per business day over the course of 120 calendar days. That should give you 212% interest in total after which you should expect your principal back.
Payment options are up to a fair enough industry standard – maybe even a little better considering that longer term HYIPs tend to keep their payouts limited to just LibertyReserve and PerfectMoney. Well, MetalROI are using both of those as they are industry standards but have also added AlertPay to the mix. Payments to members are made manually and will need to be requested from the MetalROI member’s account area. Once done the admin should have it completed within 24 hours, so please allow him at least that before contacting him. I suppose the other most important thing you need to know about MetalROI‘s investment plans is the option of compounding. Personally I was never a fan of the practice and have always advised MNO readers to avoid it. On the other hand I would just like to make it clear that this is purely a matter of personal choice and in no way reflects on the quality of MetalROI which remains exceptional. But if you like compounding then it’s there for you, if you don’t then skip it.
And speaking of contact options, if you do need to get in touch with the MetalROI admin for any reason, perhaps you have a couple more questions of your own about how the whole thing works or if you have any account related issues, then you can reach him by various methods. Hardly encouraging is MetalROI‘s fax number as this is barely relevant to the online HYIP industry at all anymore, but more importantly you have the online electronic ticketing system that you can fill out and submit. A Live Chat feature is included though it wasn’t online when I checked it and nothing suggested it ever would be. MetalROI is also running off a script under license from GoldCoders and the website has been properly SSL encrypted by Comodo for safer browsing and more secure transactions. Hosting is on a dedicated server provided by Staminus with protection against DDoS attacks.
Overall I’d have to say that MetalROI gives, as a HYIP related website, a positive first impression. I would of course temper that by saying (as I always do, and I’m always right!) that the high reward you see in this industry always comes with an even higher risk that far too many players chose to ignore. Not much I can do about that other than tell you it’s there I suppose, the rest is up to you. But for what it’s worth I suspect that the MetalROI admin knows his way around the industry and knows what he’s doing here. The texts and website content are original, in fact MetalROI even have a certificate pertaining to some kind of business registration. That’s nothing I haven’t seen before and have my own (dubious) feelings about but at the end of the day as the investor and rightful owner of the money it’s up to you to check these things out and see if you are happy with their authenticity. For the record MetalROI claim to be involved with the trading of metals. Not much more info is given, certainly nothing you can independently verify, but like I said the choice to play or pass is always gonna be yours and no one else’s anyway. All I can say is that in the right hands MetalROI has enormous potential, but that must only come with members agreeing to only ever deposit affordable sums that they can easily afford to lose, and always within a well diversified portfolio.
DAILY NEWS FROM THE INDUSTRY
Unfortunately I’m starting the news today with a warning about two programs that have been offline for more than a day now – HoldingsTrade and EcoLandFund. HoldingsTrade is probably gone for good as there was no update from the admin during the last 24 hours and the last update on Facebook seems to be equally outdated. From my previous experience with HYIPs I would be really surprised if HoldingsTrdae manages to resume operations anytime soon. Well, I kind of expected as much that after the admin refused to extend their Sticky listing on MNO a few days ago. Then again original principals to the first investors were returned which inspired some confidence they might last for longer. That wasn’t the case and most probably HoldingsTrade is a scam now so I moved it to Problem status on MNO tonight and advise against all further investments there. As for EcoLandFund, the admin still maintains communication with me and blamed the server for the latest downtime along with the hosting provider who didn’t seem to do much for them. I’m not very optimistic about the EcoLandFund‘s future either, but at least he keeps replying to my emails and we will see if they’re back online by Monday when the next batch of payouts are supposed to be made. Anyway, EcoLandFund used to pay instantly just before it went offline, but I move the programed it to Problem status for the time being before it returned online and instant payments resume. Make sure to check out MNO as I’ll update you as soon as I get more news.
INTRODUCTION OF TRADE4TEN
Trade4Ten became one of the two programs added to my Premium listing today. The program is running off a unique script and accepts LibertyReserve and AsianReserve starting from $10 into the only available investment plan paying 10% for 12 business days with principal included as part of the payments. Quite a simple investment plan, don’t you think, and according to the first reports I found on forums Trade4Ten is paying instantly, though it’s not guaranteed on the site. I’ll tell you when I get my first payment and then give a more detailed review of Trade4Ten on MNO. The site of Trade4Ten is both SSL secured and hosted by GoDaddy. Unfortunately, the site is not on a dedicated server and I’m not sure if it has proper DDoS protection is a must if Trade4Ten is to survive. So far investment plans and the positive feedback on forums give the impression of cautious optimism but I will report on the details very soon.
INTRODUCTION OF FOREXPROGRESSIVE
The second program added to Premium listing on MNO tonight looks more interesting and more promising although it offers smaller daily interest and takes longer to be in profits from. I’m talking about ForexProgressive which launched about a week ago and just made its way to MNO monitoring today. I don’t think it was a coincidence though as today AlertPay was announced as the third e-currency alongside LibertyReserve and PerfectMoney. Here is that news piece from the admin Carolyne posted on the ForexProgressive website today:
As you all know we have been expecting AlertPay to be available to be accepted at our company’s website in a few months before we have our Business account properly verified, set up and necessary Website Review completed. However thankfully to an excellent performance AlertPay team showed, we have completed all the necessary verification procedures as it was a matter of just several days. Our AlertPay account was authorized to accept e-wallet payment and from now on you are more than welcome to send and receive payments instantly and invest with ForexProgressive using the safest and the most secure way of online payments worldwide.
ForexProgressive billing department”.
The website of ForexProgressive does look impressive at first glance. A unique and custom script joined by instant payments processed to AP, LR and PM. Hosting on a dedicated server by Staminus, Koddos protection and SSL Security provided by Comodo all indicates the admin is a kinda experienced in the industry and wants to make his program a success. Investment plans look reasonable and at the same time profitable. The minimum to deposit starts from $10 and depending on the amount you spend – 1.4% for 20 business days, 1.8% for 24 business days, 2.5% for 28 business days and 3.5% for 32 business days. Remember that your original deposit will be returned on expiry and that you can set a compounding level in ForexProgressive yourself. The program has Live support, an investment calculator which allows you to count your profits when using the compounding option, and a beautiful layout which should make a good impression on the first-time investor. All in all, ForexProgressive looks kinda solid and I’m looking forward to reviewing it soon. You can read the welcome newsletter from the admin meanwhile:
“ForexProgressive Grand Start
Today is an extremely outstanding day for us and for our company. After almost 5 years of excellent and diligent service we have been providing you with, today we have launched our online investment platform that will become a great solution for those busy businessmen who did not use to have time to invest and withdraw money from ForexProgressive using their bank account. From now on you can manage your investments 24/7 just having an access to our website and using online payment systems we accept which provide you with instant sending/receiving services. Learn more about our services surfing our website out and ask any questions you may have to our management department. Let us do our businesses together!
ForexProgressive management department”.
Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: AmbrianInvestment.
From MNO Premium list: TopsFund, Royalty7, OneInv, EurexTrade, GeniusVenture, ProfitableSunrise, DividendService, SolidForexLtd, SilverStructure, ENR-G, VascoForex, FelminaAlliance, PlexCapital, CFDonline, FreedomTradingLtd, MoneyEra, MetalROI (the first payment received).
From MNO Standard list: InternationalForexLLC.
From MNO Basic list: UFOWin.
That’s all the news for tonight, guys. I hope that you’re having a nice weekend and see you on MNO blog soon with more news and views from the most popular programs online. Enjoy the rest of your weekend and see you all tomorrow!