Hello everybody! I’ve finally left Copenhagen after what I must say was a very enjoyable couple of days, and so today am writing from the train going over the Oresund bridge from Denmark and through Sweden where I’ll be staying a couple more days. It’s a perfect opportunity to catch up with some work without taking up any personal time I always find, and so the railways have always been my favourite way to explore the world. Anyway, before today’s news update I want to start with a closer look at a program called FXII which you may remember I introduced on my blog just last night, though it launched last Monday. So let’s see exactly what FXII have to offer their potential members and whether or not you think they might be a suitable addition to your portfolios.
There’s only one plan available in FXII so if nothing else at least it makes for a short and simple review. And it’s also a tried and tested industry classic that we have seen in operation countless times in the past which regular HYIP players will recognize immediately. So basically you can join FXII for a minimum deposit of $12. The plan then runs for an investment term lasting for 12 business days. While this is going on the members can expect to earn 12% interest on their deposits, paid every day, Monday to Friday only. FXII are including your principal as part of those payments, and will not be returning it in a separate transaction on expiry. This means that your total return will add up to 144%, and contain your own money back plus 44% net profit on top. FXII offer the same rate of interest on all investments no matter how big or how small (subject to the $12 minimum that is), and there are no upper limits placed on how much you are allowed to spend.
To put that in simple monetary terms, let’s say you invested $100 here. That would mean that FXII should then start paying you back $12 per day for the coming 12 business days. You would break even (earn back an amount equal to your initial principal) and see the first profits on day number nine, and complete the term with earnings adding up to $144. Well, it’s more fair to say your earnings are $44, the initial hundred was yours to begin with.
No matter how many times we have seen this very same plan in operation in the online HYIP industry there is still one very important point that you must never forget about if you do decide to join this one. That is that the widespread popularity of the plan has no relation with the success or failure of the program you understand, and even less to do with the admin’s ability to manage it correctly. One program offering this can be a runaway undisputed success, and another can be a fast scam after a couple of days.
Payment options are a bit disappointing from what you might expect from any new program hoping to be taken seriously. You can deposit and withdraw from the program using your choice of EgoPay, PerfectMoney, or LibertyReserve. The admin says he is thinking about adding STP, though to be honest in my opinion the time for “thinking about” these things is in the weeks leading up to the launch of the program, not after it. Still, he might surprise us but I really wouldn’t expect it now. Payouts to members have to be requested from inside your private members account area in the program. Once done they tend to be completed extremely fast. The admin promises instant payouts, but in the event of these not being available – and please note that instant payouts are not in fact explicitly promised despite the fact that the FXII banners would seem to indicate otherwise – then you are asked to allow anything up to 6 hours for all transactions to be completed. I can however confirm that my own first payout from FXII was made instantly, so I hope this continues.
Moving on to the subject of design and security, FXII is somewhat mixed. Granted it’s on a dedicated server which is always important to have in a business so blighted with DDoS attacks, it’s just that I can’t really comment on the provider’s previous track record. FXII are hosted by a company called SingleHop, and while the lost of hosting providers willing to deal with HYIPs in any shape or form is a pretty short one, this isn’t a name I remember seeing before. Therefore I can’t really say much about their ability to deal with deliberate attacks of the magnitude we see in this industry as a daily occurrence. But never mind, if FXII turns out to be any way popular then I suspect we won’t have too long to wait before finding out. The program is running off a script under license from GoldCoders so will have a familiar appearance to it for many users. If you have any further questions for the admin, anything you think you need to know that wasn’t covered in this review, or any account related issues you need to have dealt with then you can get in touch by filling in your details on the customer support form and submitting it through the FXII contacts page.
And that’s more or less it I think. There’s really not a whole lot else I can say about the program and as you can see for yourselves it’s all quite simple and straight forward. For the record the alleged business plan we’re supposed to believe is backing the whole thing up is ForEx trading. Needless to say there’s nothing to actually prove a word of it and I don’t believe that actual currency exchanges can either provide that much profit in such a short space of time, or indeed provide you with the exact same rate of interest every single day. How would that be possible when exchange rates fluctuate every day? It doesn’t matter anyway, because the texts are just a straight copy/paste job and used by hundreds of HYIPs in the past who all made the very same claim. And if you can’t explain your own business in your own words then you’re either not very good at it or else not really doing it at all. Just treat FXII like you would any other online HYIP, which is as a high risk form of gambling with no guarantees or insurance policies. The most important rule is to set yourself a sensible spending limit that you can both afford to spend and afford to lose, and if you’re joining FXII at all then at least try to keep them as a smaller part of a wider more diverse portfolio.
DAILY NEWS FROM THE INDUSTRY
FXII – LIBERTYRESERVE WITHDRAWALS NOT INSTANT ANYMORE
The reason why the site of LibertyReserve has been inaccessible for a few hours today and still remains offline at the time of writing is unknown. No official update was issued by LR which is hardly a surprise given their appalling track record, leaving members to guess at a possible cause. I can only hope it’s back online soon, otherwise the extended inability of people to invest using this unreliable yet inexplicably popular payment processor could lead to more closures, especially among shorter term programs by as early as tomorrow.
As for the longer term ones, I believe those who invested in the above reviewed FXII have nothing to worry about yet. The admin issued a timely update and warned the investors appropriately that the payments to LibertyReserve would be impossible to process while their website is inaccessible. Obviously once it gets back online all the pending withdrawals to LR will be processed by FXII as promised in this update:
“Libertyreserve.com Website Unavailable
https://www.libertyreserve.com is now offline. All withdraws and deposits via Libertyreserve are not available now. We will process all pending withdraws manually when it is back to normal.
Sincerely, FXII -Your Best Choice Admin”.
EUROSTAR – LIBERTYRESERVE SITE DOWN NOTIFICATION
The admin of another program listed on MNO – EuroStar (reviewed here) – also discussed the above mentioned issue with LibertyReserve. As my personal investment with EuroStar is via EgoPay I didn’t notice any delays with withdrawals myself, as nor did anyone joining through PerfectMoney either, I suppose. For some reason though, the admin gave a link to the official blog of LibertyReserve, where, as I said already, no official information on the current downtime is available yet. In any case, you can get updated on the most recent information on what is happening with EuroStar on their official Facebook page, the link to which is also posted below. EuroStar has been listed on MNO for 25 days, paying successfully on three investment plans that return the original investment on expiry – 3.25% for 16 days, 4.25% for 32 days, 4.75% for 48 days. Here’s the latest news from them:
“EuroStar | Liberty Reserve Website Down
We would like to inform that currently Liberty Reserve is unavailable or their server is down. Hence, we are unable to process Liberty Reserve withdrawal requests at the time of writing. You can check it at liberty reserve official blog http://blog.libertyreserve.com.
All pending withdrawals (Liberty Reserve) will be processed once Liberty Reserve is back and accessible. Perfect Money and Egopay withdrawals are processed already as per routine. We appreciate your patience as this issue is beyond our control.
Please don’t forget to share opinions about our program using our facebook page. The direct link to access the facebook page is https://www.facebook.com/EuroStarInv.
We are proud to say that it is a “REAL Investment Opportunity for REAL People!”
Thank you, EuroStar Investment and Trading Limited.”
JLBCO – CELEBRATING FIRST MONTH ONLINE
JLBCO (reviewed here) marked the first month anniversary today, and since then has been paying 3%-6% for 70 business days with the principal returned on expiry. Although JLBCO is still too far away from completing the first cycle, let alone bring the first investors to profit, I believe that with the proper dedication and prompt and timely payouts the admin will eventually win the hearts of investors. One of the most distinctive features of JLBCO is definitely an abundance of accepted payment processors taking a $10 minimum. Included are LibertyReserve, PerfectMoney, SolidTrustPay, EgoPay, plus the rarely seen PexPay and OkPay. The first month celebration was the main subject of the newsletter from JLBCO below:
“JLBCO – 1 month paying!
Dear Investors and Members of JLBCO:
We are pleased to announce that our program has now been paying for 30 days and things cannot be going more smoothly.
The first month of operation is crucial for any business, and we can safely say that we have had an excellent first month and have a solid foundation for the continued growth of our company and investment program.
Rest assured that our team is hard at work behind the scenes, making sure that everyone is being paid and giving prompt attention to any problems or issues any members may have.
Thank you again to all of our investors and supporters, we look forward to continuing a long a profitable relationship for years to come!
Sincerely, JLBCO Management Team”.
Please note that LuxuryLife has been moved to Problem Status on MNO tonight as I received confirmed complaints from readers of selective payouts that I verified. As per the latest information received from various sources, LuxuryLife stopped paying after less than three weeks online to many regular investors and currently pays only monitors. This will never be tolerated on MNO, so I have moved LuxuryLife to Problem status for now. In my honest opinion, the program is finished. However we cannot say it was a total failure, as running for three weeks online and paying a 39% for 3 days plan is a very good achievement in itself. Little consolation for those who lost in LuxuryLife I know, but we should always remember that HYIPs are a form of gambling. I sincerely hope that most of you were in profit with LuxuryLife, and my commiserations to anyone else. Please do not make any more deposits there!
Here is the list of the programs from my monitor that paid me for the last 48 hours:
From MNO Sticky list: After100Days, AbsoluteGainFenix.
From MNO Premium list: NEOMutual, RewardsWeekly, MalaysianINC, MoneyInSports, BriscoFund, RonWards, EuroStar, RFIGroup, SecureAssets, EmpireFinanceGroup, EarningAlliance, RouletteGURU, JLBCO, SilverOz, WeltexTrust, AdroCapital, TetraFunds, BlackGold, SecureEarn, FXII (the first instant payments received).
From MNO Standard list: PureIncome, AustralianBusinessGroup.
From MNO Basic list: 12DailyFund, InvestmentCapital, MainaLimited, ZoomRoi, FiamaCorp, TheInvestmentBank, BigRichGroup, SanderaGroup, ProfitWealthClub, GoldAssetsFinance, RebateDailyProfits, TradeAsiaPro (the first payment received), GreenTen (the first instant payment received).
That’s it for tonight, guys. I can tell you straight away that I’m not going to post tomorrow as I’m taking an overnight ferry to Finland and can’t be sure of a stable connection all the time. However I’ll be back on Sunday with all the latest news from the HYIP industry and any new programs that might be added to my monitor within the next 48 hours. Stay tuned and see on Sunday, everyone!