24/09/2012. OdoFx Review and Daily News from the Industry

Beware! OdoFx has stopped paying! Do not invest there! 

Hi everyone! Back to work for many of you this Monday morning so so I hope you’re all keeping well and refreshed after the weekend. To begin the new week apart from the news the first new program from my monitoring page I want to look into on my blog for you is a recently launched long term HYIP called OdoFx. The program was added to my monitor at the end of last week, however as they operate on business days only I had to wait until today before officially confirming OdoFx‘s paying status. So let’s take a closer look at the program’s investment plans and other features and see if you find them a suitable addition to your portfolios.

To start with OdoFx have a wide selection of plans, though to be blunt the majority of these are basically intended for bigger than average investors and won’t be of much interest to most of you. Well, maybe you’ll be interested but they won’t be affordable to anyone outside of the top end of HYIP investors. Having said that, it’s not all bad news either. In fact you can join OdoFx for as little as a $10 minimum, so there are options there for everyone. This gets you into The Virtax Fund which runs for 210 business days. That’s 42 weeks, making interest payments from Monday to Friday only (and various public holidays observed along the way I would probably guess). Investments start from $10 as I mentioned, and can go up to a maximum of $1,000. I imagine this will cover the majority of players, and in return OdoFx are offering 1.9% interest per business day, and will then return your original deposit on expiry. That adds up to 399% in profits plus your own money added to that at the end. You would break even after 53 business days (or just shy of 11 weeks).

So for a practical example of how that might play out, let’s suppose we make a $100 deposit in this plan. OdoFx would then pay us back $1.90 every day from Monday to Friday for the next 42 weeks. That allows you to earn back an amount equal to your deposit (in this case $100) after receiving 53 payments, and then complete the term with interest payments adding up to $399 in total. OdoFx will then add the original hundred on top of that.

The remaining five plans work more or less along the same lines, running for the same term and making interest payments on business days. The only difference being your profit increases as your principal does. Take the second plan for example, known as The Rovasion Fund. This will set you back anything from $1,001 up to $2,000 to join, and when you do then OdoFx are offering you a daily interest payment of 2.1% from Monday to Friday for 210 business days. On completion of the term you are left with interest payments adding up to 441% plus your initial deposit then added to that.

Next is The Orston Fund that requires a minimum of $2,001 to join. This time OdoFx will offer you 2.4% per day for 210 business days, adding up to 504% in total at which point they then return your principal. The maximum deposit is $3,000.

For a $3,001 minimum deposit you can join OdoFx‘s Grand Fund. This one pays 2.7% per business day for the same term of 210 business days, and returns your principal on expiry leaving you with profits totaling 567%. Maximum deposit is $5,000.

Definitely getting closer to the high end market now with OdoFx‘s Rostron Fund. A daily interest payment of 3.1% is offered to investors here, as usual for business days only for the same term as the others. Payments eventually add up to 651% when your principal is then promised to be returned as well. Maximum spend is $10,000.

Finally for informational purposes anything larger than that up to a value of $25,000 falls under The Vorston Plan where OdoFx are promising a daily 3.5% interest payment per business day over 210 business days. That’s a final return of 735% not counting your principal which is then returned separately.

Something else that I think very important about the OdoFx plans that you really need to take into consideration before signing up is their early withdrawal option. Some of you I know have a preference for longer term HYIPs so won’t be all that interested, but for anyone put off joining the program because they can’t hanle the idea of handing their money to a HYIP admin for 42 weeks needn’t be all that concerned. I described the plans above working off the assumption that everyone would remain a member for the full duration and listed the potential profits as such. However you are in fact free to establish your own “expiry date”, request your principal back, and leave OdoFx at any time you like. This will not come free of charge though, and in order to leave before the scheduled expiry date a 30% fee (which is close enough to average for this kind of thing) will be removed from your principal. So if you spent $100 you’re only getting $70 of it back if you want it sooner. Your existing interest payments are yours to keep of course, but it’s vital that you factor in this fee before leaving because the thing is if you try to leave too early then you could actually lose money. So if the idea of a 42 week term doesn’t appeal to you, think about how long you would prefer to join for, do your own calculations on the earnings, remove the fee, and then you have a general idea of what you could take away from OdoFx.

Payment options are average enough at the moment, not the worst but could be improved. The OdoFx admin says he is working on this so I’ll let you know what progress is being made as we go, and of course if this is a problem for you it’s always at your own discretion to wait for the situation to be clarified before spending anything. But at the moment you can choose from EgoPay, PerfectMoney, or LibertyReserve to deposit. I’ll let you know if the list expands, but meanwhile all withdrawals are promised to be made instantly. You will still need to log into your OdoFx members account area and make the request, but after you do so the money should be sitting in your e-currency account of choice within a few seconds.

The design content and security of the website overall is a bit mixed, but I guess the more important thing out of that would be the security which looks solid enough, or at least up to an acceptable industry average. Hosting is on a dedicated server by BlackLotus and the OdoFx website is SSL encrypted for safer browsing and more secure transactions. The script is under license from GoldCoders. For any further questions about the program or any account related issues then the OdoFx admin can be contacted by filling in your details in the online ticketing form and submitting it. But actual information is a bit thin and difficult to find on the site, due to much of it simply being copy/pasted from other online HYIP sites. So I guess all that really need to be fixed is cosmetic, as the website is functioning as well as any other but just looks a little bit empty or unfinished in places. Your primary concern shouldn’t be about that though, it should we that if you join OdoFx will it be around long enough for you to break even and see a decent profit? If you really think so then join, if you don’t then look somewhere else, but if you are joining do remember to keep your spending levels under control and at a rate you can reasonably afford to lose, and of course to try and keep any investments with OdoFx as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

FINVANCE – ASKING FOR COOPERATION FROM MEMBERS DEALING WITH TICKETS

The first item on tonight’s list of news stories, and ironically the last one received, is from Finvance. But the reason it tops the list is of course because it’s pretty damn good! Maybe a little too successful if this latest newsletter is anything to go by, because because there doesn’t seem to be enough hours in the day for them to handle the massive volume of traffic and investors going through the site right now. If you follow the MNO monitor for instance you will have seen that Finvance (reviewed first on MNO here) is now firmly parked in the #2 spot. Not hard to imagine why by the way, as for the last 70 days and counting paying an excellent 8% for 20 business days to their growing legions of loyal followers.

The thing about that of course is that success comes with a price, and the workload only ever moves in one direction (up!). So when more and more people accustomed to receiving their payouts within 8 hours are waiting 16 hours start sending support tickets when the required waiting time was in fact 24 hours, guys, you’d have to be made from stone not to react to this kind of frustration. When the same support tickets start coming in with the same question and the same complaint over and over again and again it really doesn’t help the Finvance administration team or the Finvance members because it only delays them further in making sure you get paid within the agreed timeframe, which remains 24 hours. So the following newsletter was an appeal to the common sense of members and to please read the program’s terms and conditions before contacting them, because the fact is they have not in fact delayed your payment just because you find it arriving later on Tuesday than you did on Monday.

Mark, the Finvance admin who was interviewed on MNO here, welcomed the hundreds of new members flocking to his program recently, but in turn appealed for patience and basically just giving his team a break as they try to develop and adjust and come to terms with their own popularity. Mark also extended his advertising banners on MNO tonight for a further three months, right up until Christmas in fact, so I do hope he’ll deliver many nice presents to his members by then! If nothing else it shows how serious he is about keeping Finvance online as a high quality and working investment program for all of us so best of luck to him with that. I hope the next 70 days are even more successful than the last 70 for all involved. The latest short newsletter from Finvance is included in full below:

“Finvance Newsletter
Hello members,
We are sending out this newsletter to address several items as we have welcomed hundreds of new investors over the past few days and some repeating support tickets are being received.
All payouts will be processed within our stated 24 hour time frame as can be found in our FAQ. Please do not send support tickets to us just saying your withdrawal request is pending. It slows down our response time to standard support tickets and we have never exceeded the 24 hour time frame. If for some reason a request did, then please do submit a support email to us.
As we continue to process thousands more in withdrawal requests, we would also like to recommend our users to not split up withdrawal requests into multiples each day if you can. If you did not make a withdrawal request for a few days, please just submit one, instead of splitting it up into daily earnings.
Thank you for your support of Finvance.”

HOURHOUR – PAYMENTS TO LIBERTYRESERVE PUT ON HOLD

The latest update from HourHour (reviewed here) brought some bad news to those who joined through LibertyReserve. The program offers 1% for 120 hours or 150% after 240 hours plans via LibertyReserve EgoPay, SolidTrustPay or PerfectMoney. According to the admin, the payouts to LibertyReserve are impossible at the moment due to issues with their API system, although I find it strange that other programs running off the same licensed GoldCoders script as HourHour didn’t report any problems with instant payouts and are still making payments instantly to LibertyReserve where applicable. It remains unclear if the admin of HourHour Kirk just uses this as an excuse to delay payouts to LibertyReserve, but again we should remember that the payouts to other payment processors are still done instantly or very fast. What prevents him paying requests manually I have no idea. I hope that it’s not a very serious issue and will be fixed soon. Anyway, I haven’t got any complaints from readers regarding non-payments or delays from HourHour, but if you have some and you’re in my downline please don’t hesitate to contact me, but be careful for now if you consider investing in HourHour via LibertyReserve. Below you will find the official explanation of the issue sent in a mass mail newsletter to HourHour members (I will watch the situation and will report on MNO blog as soon as the problem is fixed):

“API Problem Of LibertyReserve Now
Dear HourHour Members,
The API system of LibertyReserve does not work now. So all LibertyReserve withdraws now can not be processed instantly or manually from our admin area. When LibertyReserve’s API is back to normal,we will return all pending withdraws back to your account balance. Then you can make a withdraw request again and get paid instantly. Thank you for your patience.
Best Regards, Kirk Walter
CEO HourHour.”

INTRAFUNDS – ADMIN REVELATIONS OF RUNNING A PONZI-SCHEME

I was really surprised to receive an email from the admin of IntraFunds Jacob in which he literally admits to running a ponzi/pyramid scheme. Well, it’s not exactly news to me as I always considered online HYIPs as such, though it might be a total shock for newbies who didn’t expect to hear it and honestly believe the stories about ForEx and precious metals earnings cooked up by other HYIP admins. I must say that this is a very refreshing approach of straight talk about something prevalent in investors minds but not widely discussed among HYIP admins. Admitting this won’t do IntraFunds any favors in getting more investors thinking admins pull money out of thin air, but at least it could attract a lot more potentially experienced investors who appreciate the honesty. Anyway the effect of the last newsletter from IntraFunds could go either way, but at least we can’t deny the admin Jacob is absolutely honest when it comes to explaining where the money comes from. IntraFunds pays 2% for 60 business days and 2.5% for 90 business days with the original principal returned on expiry. They were first reviewed on MNO here and currently accept all the popular payment processors including LibertyReserve, PerfectMoney, EgoPay and SolidTrustPay with the minimum deposit of $10. Recently Jacob started testing instant payouts, but they failed to come through so processing the payouts instantly are still in the pipeline after the script is properly configured for that. For now all withdrawals are processed manually and within a 24 hour timeframe. You can read the latest newsletter from IntraFunds below and see the candid and refreshingly straightforward approach taken by Jacob:

“Maintaining Honesty & Integrity
This may appear as an usual newsletter but I think it is very important for me personally to make things clear for all investors who wish to join my program. The contents located in “About” have been updated:
——————————————————————————————————
You must realize that IntraFunds is a High Yield Investment Program, thus it is a type of ponzi scheme, which is an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Please keep in mind that I will never promise anything to anyone. I’m not here to scam peoples hard earned money.
The good part is that I can make this program sustainable and profitable for everyone. This is done by maintaining honesty and hard work. I do not know how long this program will last but what I can tell you is that we try very hard every day to make it last as much possible as it can. You should always invest money that you can afford to lose. If you think that this program is not suited for you, stay away from it. I do not want people investing in something they are unsure of.
We at IntraFunds want you to be completely happy with your deposit. If you have any questions, concerns, or problems, please let us know by submitting a ticket. In the event, however, that we decided to shut down the program, you will be entitled to receive a refund on your deposit. To do that, you will need an active SHOUTBOX account with Money-News-Online. For more information, please visit: http://money-news-online.com.
——————————————————————————————————
I do believe that maintaining honesty is essential. For those who are expecting to become rich from investing online, you are wrong. You must always keep in mind that investing online involves a big risk.
This might kill my program on the long term but at least I would rather close my business than maintaining it online with lies and forgery.
If you have any question in regards to this newsletter, please contact me and I will be more than happy to answer all of your inquiries.
Jacob U.”

BENSONUNION – PRINCIPAL RETURNED!

I have some good news to report to members of BensonUnion today, guys! First, the website which was offline all day long yesterday finally returned today and as I expected continues paying instantly as usual. A temporary issue was caused by some technical difficulties in BlockDos which is the current hosting provider for BensonUnion as reported to me by the program’s admin Ragnar (interviewed here). Everything is fine now and payments of 1.2%-2.45% for 170 business days via LibertyReserve, PerfectMoney, EgoPay, PexPay and BitCoin have resumed.

The second story from BensonUnion is much more exciting. The first principals are getting paid on expiry now as the program completed the entire first cycle of 170 business days. And since I was in BensonUnion from day one when the program first launched 250 days ago I’m also reaping the rewards first. Today my first principal with BensonUnion has expired and I was promptly paid to my LibertyReserve account. Confirmation of the first returned deposits will increase the trust and confidence the investors might have in the bright future of BensonUnion (reviewed here). The program has proved now that it’s here for the long haul and perhaps we are seeing the rise of the new star in the HYIP industry. I will continue to monitor the progress of BensonUnion closely and will update you on all the latest developments from the program as usual, so stay tuned for that, guys!

ALCONOIL – MNO REVIEW ANNOUNCED

The admin of Alconoil Jessie announced the review of his program recently posted on MNO blog (click here to read it). The program has been online for only a week now but so far it’s been paying fine on the only investment plan it offers – 6% for 25 calendar days. Investments in Alconoil are accepted from a $10 minimum via all the popular payment processors including LibertyReserve, PerfectMoney, EgoPay and SolidTrustPay. I have no idea for how long Alconoil will last, but in the latest newsletter the admin seems to be pretty enthusiastic and expressed sincere gratitude for the support from investors. Here is the latest newsletter from Alconoil:

“Review and News
Dear Alconoil Members
We wish to thank all members for joining our program. Alconoil is now on its 7th day, We are advertising our program to reach more audiences.
Alconoil has been reviewed by www.money-news-online.com . Below is the link to the review
http://money-news-online.com/blog/2012/09/22/22092012-alconoil-review-and-daily-news-from-the-industry/
We are already seeing our program growing to become one of the best programs to provide you a safe place for your investment needs as well as help you financially!
Thanks once Again for supporting our program.
Best Regards, Jessie Rendon. Alconoil.”

INTRODUCTION OF FOREXEARN

Today ForexEarn has been added to Premium Listing on MNO after running successfully for over six months since March 2012. The program will pay you from 6.25% to 8% (depending on your principal) for the duration of 20 business days. The minimum to invest starts from $10 and the original principal is already included in the daily payouts and is not going to be returned on expiry. Looking at the news posted on the website I can see that ForexEarn managed to transform significantly during it’s time online. The latest changes over the last couple of weeks included the introduction of SolidTrustPay as the third accepted payment processor (after LibertyReserve and PerfectMoney). However I was more worried to see deposits via STP are accepted manually, and therefore the legitimate questions arise about why the admin didn’t make them instantly, and why one needs to contact the admin after making a deposit at all in order for it to be added. Also, the investment plans just changed recently and ForexEarn originally paying only 1.2% to 2.5% per business day suddenly increased this drastically to 6.25% and as high as 8% per business day. ForexEarn site itself looks quite good with SSL-security from Comodo, runs off a licensed ProBiz script, and hosted on a dedicated server with BlackLotus protection against possible DDoS attacks. More on ForexEarn will be in the upcoming more detailed review on MNO, so stay tuned for that!

GET PAID REPORT FOR 24/09/2012

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: HourHour, TheMoneyGalaxy.
From MNO Premium list: NewGNi, Finvance, ProfitableSunrise, RightFive, YachtWealthClub,  TheBig5, PlexCapital, MTResults, Bull&BearCapital, PipsFund, BensonUnion, RoyalUnion, AtlanticVision, ProsperaNova, TureProfit, SkyCrown (the first payments received).
From MNO Standard list: UFOWin, BGTGroups, Alconoil, StallionGold.
From MNO Basic list: AoGo.

That’s it for tonight. See you on MNO tomorrow with the review of ROInvest and the usual daily news round up from the HYIP industry.