Oct 10th, 2012 Archives

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

Hello everyone! I’m posting a little earlier than usual today as I have quite a bit to catch up on. The news will be here later as usual but I’m starting today with an interview I just received from the admin of PipsFund. His name is Jerry and he’s running a long term HYIP offering one single investment plan with terms of 2% for 120 days, and you principal back on expiry. If you’re interested in what Jerry has to say about his program and want more information, then PipsFund was first reviewed on MNO here.

1. Hi Jerry, please introduce yourself to the readers of MNO and tell us please about your own involvement in PipsFund.

Hello Paul. First of all, thank you for giving us this opportunity to present PipsFund in your blog and monitoring site, we are very pleased to answer you and your reader’s questions about our business. I am Jerry Huggins, founder of PipsFund, a trademark of Pips Fund Ltd., incorporated in Seychelles in 2010. I used to be a Forex trader and that was my only occupation for a few years but once I started this company with some friends, I began to split my time into both trading and management. As of now, I am the only manager of PipsFund.com but we have four traders on the backoffice, working both for our online page and our standard offline clients.

2. Can you give us some background information on PipsFund? How many others are involved with the program or are you operating alone? How long have you been online?

As I mentioned in my first answer, I work together with four other traders and besides that we have a full time programmer and two people working on customer support. PipsFund has been online for five weeks now.

3. What plans are available to investors in PipsFund? Explain them in detail to us. What ROIs are on offer. What are the minimum and maximum amounts to invest? What payment options are you accepting at the moment?

We offer one single investment plan paying 2% for 120 calendar days and initial investments are returned at the end of the investment term, that means 240% of pure profit in only four months, members are also welcome to use our compounding feature if they wish. The minimum deposit via e-currency is $1 and we accept LibertyReserve, EgoPay, PerfectMoney and SolidTrustPay, we also accept bank wires for deposits of over $5k. There is no maximum deposit as of now.

4. How secure is the website of PipsFund? What are you doing to protect it and members’ accounts from hackers? Are you on a dedicated server? Who is your host? What kind of anti-DDoS protection do you have?

We are hosted on a fully dedicated server by anti-ddos.eu. We are also using a very strong protection against DDoS attacks to make sure our investors enjoy a 100% uptime and can access their funds at anytime. Our expenses with server and server safety represent a big part of our budget.

5. What kind of script is your program running off? Where did you get it, how safe is it, and why do you think this one is most beneficial for you as an admin and your members?

We are running on an enhanced GoldCoders script. They seem to be the most classical and respected company that offers this type of script but our in-house programmer made a few changes to the original structure to ensure our members data safety. For example, our script checks if the payee account for a withdrawal request is the same account used for deposits and in case it’s not, it is flagged and manually approved by us, this was made to prevent our members from account hacking.

6. Can we see any statistics regarding PipsFund? How many members have joined since the beginning and how many are active at the moment? Are you pleased with the support from the members so far? How important a role do they play in bringing in new members?

Since we first opened to the public, PipsFund registered over 3,500 investors and over 2,100 active investments, bringing them up to a total of over $85,000 as of today (October 8th). I couldn’t be more satisfied with our investors’ involvement in our program; over 70% of our investors have been directly referred by someone. We have also just launched a representatives system to give assistance to people who don’t have a lot of experience investing online; we will talk about that later.

7. How can members contact you if they have any questions or support related issues? I mentioned in my original review that the PipsFund website has a Live Chat Support feature, but never seems to be in operation. What kind of schedule do you keep there (if it ever works) or is there some reason why it isn’t enabled?

Our members can either use our support ticket system, which allows them to keep track of the answers they receive or use our live support system, available during weekdays from 8 A.M to 18:00 PM GMT.

8. What have been the most common questions and problems you’ve had to deal with so far? Is there anything you wish to say here so that members can avoid having to contact you later?

Due to some advertising campaigns we have been running, PipsFund has received a lot of attention from people who never invested in online programs before and the most common requests have been on how to open an e-currency account and fund it. Our support team is, of course, helping them but we are also redirecting people to their local representatives so they can have a personal guide on the entire process.

9. Can you tell us more about the regional representatives you have hired? First of all what qualities and qualifications are you looking for in these people? What are the duties they perform in PipsFund and what expectations do you have of them? How do you monitor their work and make sure they are really acting in the best interests of the program? And if someone wants to become one, how do they apply and how do you pay them?

Representatives are people from different countries who want to help new investors to become a part of PipsFund by earning an extra referral commission for that. Their main duties involve posting online about our program, especially in local communities, and providing people with all the resources and guidance so they can be a part of our team. Many people want to become a part of our program but have absolutely no idea of where to start from, we created a short guide to help them but having someone they can get in touch with in their native language is a lot more personal. People who want to become a representative need to fill a short form in our page; we will study their profile and give an answer within 24 hours. All our representatives will be contacted from time to time to verify their activities and make sure our list is 100% accurate.

10. I see that you are running a promo contest at the moment, exclusively for representatives. Can you tell us a bit more about that? Also is this just a one time event or will there be more? If so will it be expanded next time to include the regular PipsFund members?

We decided to run a contest to draw some attention to our representatives program and basically, the representative who collects the most in referral commissions in the next three weeks will be the winner. The response has been very good so far and we certainly intend to create more contests in the future to make sure all our members are able to participate, we want to run contests based not only on their promotion results but also on their creativity skills. We will launch another contest once this first contest is finished.

11. How have you been promoting the program so far? What advertising strategy have you been using? How are you getting new members to join?

We have bought banner advertisements on the biggest online discussion forums, blogs and monitors and we are also investing in PPC advertising to attract new investors to this industry, this has been our main focus and the results have been very positive so far.

12. What exactly are you doing with investors money? How are you investing it and how are you generating the profits being made to members?

As I said in the beginning of this interview, we are a team of Forex traders and that is how we generate the profits. We operate mainly with GBP/USD pairs combining both graphical and technical analysis. We have years of experience in managing other people’s money and having access to most of our funds in online e-currencies makes the entire process a lot faster than going through the usual bank wires systems.

13. And finally is there anything else you wish to say not covered in this interview? Especially feel free to comment on anything in the review you may not agree with, felt was unfair, or in any way in need of clarification.

I think you covered the most important aspects of PipsFund and hope that your readers will be satisfied with my answers and look for even more information about this opportunity. Also, we are very open to discussing any business proposals and development ideas with experts of the industry like you and, of course, listening to our customers and future customers. If there is anything that was not clear enough during my answers, don’t hesitate to contact our team.

As a final message, I would people to know that even though becoming a part of PipsFund is their own personal choice and that we have absolutely no plans of closing for new members at least for a few years, embracing a new adventure is not something people should be afraid of, it is something they should do every day if they ever want to reach success.

Thanks a lot to Jerry for taking the time to complete my questions for him and I hope you all found it useful one way or another in deciding whether or not PipsFund is a suitable addition to your portfolios or not. If yes, then best of luck to you and the admin as well in this a profitable exercise for as many investors as possible and keeping PipsFund online for a long time to come.

Anyway, I’m going to leave it at that for the moment guys, but don’t go too far as I’ll be back again later on this evening with another review from the most recent additions to the MNO monitoring page and of course all the day’s main news stories. So stay tuned for that and see you all then!

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