WARNING! THIS PROGRAM STOPPED PAYING! PLEASE DON’T INVEST!

Hi everybody! I hope your weekend is going as good as mine so far. Anyway for today’s review I want to get back to talking about HYIPs. As I’m sure regular players in this arena are well aware the HYIP industry is getting really hectic at the moment with more and more programs coming online by the day it seems, all vying for your hard earned cash. So today I want to take a closer look at a rather curiously named HYIP. It’s called BVIuion and it’s been operating successfully for almost a month now. There are some good features to this one but it’s not without it’s drawbacks either. So let’s take a look.

As usual I suppose we should start by looking at the plans. BVIuion is a low rate of interest program with two plans on offer to potential investors. First of all there is the Daily Plan. This one offers a variable daily ROI which can be up to 2.5%, paid daily for a period of 35 days. I’ll break it down into more specific details here. The minimum deposit is $10 and for amounts starting from that up to $1500 you will be paid 1.5% daily. So let’s take an example. If you invest $100 here with this ROI you will see a profit of $52.50 and your principal. Investments from $1501 to $3500 will net you a daily payment of 1.7%. Amounts from $3501 to $10,000 will get you a return of 2% daily and deposits upwards of that (no maximum) will earn you the upper limit of 2.5% per day.

And then there’s the Weekly Plan. This one runs for 5 weeks and again depending on how much you invest can pay you up to 20% weekly. Lets see in closer detail. Once again the minimum deposit is $10 and a deposit of that up to $1500 will earn you a weekly return of 12%. Invest $100 here and receive a profit of $60 plus your principal. Depositing $1501 to $3500 will get you 14% weekly. Amounts from $3501 to $10,000 will see a weekly return of 16% and finally for all the high rollers out there deposits of $10,000 and upwards will see a return of 20% per week. I didn’t see a huge advantage of one plan over the other here so I invested in both. Although its fair to say that the weekly plan is obviously a lot more risky.

The other details you need to know about the plans include the fact that your principal is returned on expiry but should you wish to withdraw from BVIuion at anytime you are free to withdraw your principal at any time. Of course there are some fees and penalties involved in this, as there always is in any program with this feature, but I know many of you still take a little extra peace of mind in knowing this option exists. Also you may request your payouts daily. Or weekly as the case may be. Only two payment processors are accepted at this point with no indication of more to be added. They are the ever present LibertyReserve and also PerfectMoney. I know that payments to LibertyReserve are instant as that’s the one I’m using here. PerfectMoney I’m not so sure about. It’s probably the same but if that’s an issue for you maybe you should just contact the admin there to be sure. In any case even before the payments were instant they were still pretty quick. Less than 24 hours in fact. Compounding is allowed.

Among the other advantages of BVIuion include that they are hosted on a DdoS protected dedicated server. Hosted by Dragonara by the way, which is held in high esteem by many admins in the HYIP industry. Just my own observation here but I can’t help but notice that sites hosted on Dragonara tend to survive a bit longer than others. They are also using licensed GoldCoders script which should be a familiar sight for most.

My conclusion? BVIuion is not a bad program overall but not quite a great one either. Only two payment processors being accepted and both of them being the ones that, shall we say, ask the least number of questions may not leave you brimming with confidence. They also claim to be a UK based investment company but any native English speaker that has a quick look at their home page will tell you English is not the language of whoever is behind this. Add that to the fact that they don’t even pretend to have any evidence of their so-called “investment” activities and I think its abundantly clear that this is to be treated like any other HYIP and the risks that accompany that need to be considered. It’s not all bad though. They have proven themselves for over three weeks and they are advertised on the major monitors which indicates a decent budget behind them. So while not the best site around, not a bad addition to your portfolio either. If you want to diversify and you like low ROI programs then it might be worth a gamble.

Other news for today.

I was glad to receive the first ever newsletter from 12Dreams which sounded quite optimistic and different from others. It seems that the admin of 12Dreams Francis really knows how to attract advertisers and make some additional income for the site. Although I have reviewed 12Dreams on my blog already (read it here) I would be glad to conduct an interview with him once the first payouts from 12% for 12 days plan are processed. Anyway, if you are still in doubt about joining 12Dreams here’s the update that might just change your mind:
“I hope you’ve been enjoying your stay with us so far! Are you still dreaming of making 12Dreams the very best site ever? We certainly are! I checked my favorite forums today and people are absolutely raving about our great new program! Some folks even asked if we were serious about canceling members who don’t upgrade after 7 days. I would have to say: yes we do! Our program hinges on generating cash from ad sales all over the net. Quite a few members are actively selling ads and are earning extra by doing so. Others are simply promoting our site for which we are grateful but we need the funding too.
We’re growing fast and I realize that things work a little different here. You may have noticed that our stats show deposits, withdrawals, and offline investments as well as returns. The numbers prove that we have funds invested in the future of this site at all times. The numbers also state that our withdrawals are less than our ad sales, which means that we’ve been able to pay our members from sales instead of upgrades. This is precisely the difference between a basic surf and an advanced surf. We’ve thought about every aspect to make this program a complete success!
Here are a few tips to earn extra cash:
a) Try to sell ads on our site by contacting Admins from other sites or anyone else you know who needs advertisement. We pay 20% referral commission on every advertiser you bring in.
b) Upgraded members: invite your friends, family, or colleagues to our program and make 5% on every new member you refer.
c) Post your personalized referral link in forums and blogs on other sites and promote our site. You’ll earn extra with every new referral.
Are you still wondering what the next big thing will be? I bet 12Dreams is the first thing in your mind! I know we can easily achieve this together, I even saw it in my dreams. Our team has the passion and desire to make this dream come true!”

It appears that the admin of URInvest Paul (interviewed here) doesn’t have a sense of humor when it comes to his program. He reacted very nervously to a casual remark by a member who called the program a ponzi. Paul stated quite clearly in his interview that URInvest is a real investment opportunity and you’re welcome to leave his program if you’re dissatisfied with his services. I remind you that URInvest has been online for more than 5 months already and still paying on time. URInvest is offering online investors quite reasonable returns of 4%-4.5% for 30 business days (your principal will not be returned) and for more info on the program you can always refer to my review published here. Returning to the controversial update that received quite mixed reactions all over the Internet here it is and you can draw your own conclusions regarding it:
“Dear program participants,
It is not without full transparency from program management’s side, that URInvest has now become a successful and by far stable venture.
As most of you are aware from the actual, personal experience with our program, being fully transparent, we feel it is important to again, let our users know that we have taken the most serious action against one program user, who severely violated our program terms and conditions of service.
User 22millionperyear (signing on public forums as “Edward Brown”), did not JUST expressed an opinion (which everyone, obviously has a full right to have), but he positively and EXPLICITLY identified his highly offensive comment as a “description” of our program, and he has done so publicly.
We will not dare to repeat his comment, but you can see it at the link below and be the judge of our action yourselves:
http://www.dreamteammoney.com/index.php?showtopic=59065&st=1060
This user’s account was now terminated and his further program participation will NOT be allowed.
As we were mentioning for the past few months, we express FULL understanding that MANY PEOPLE came to URInvest to recover their “bad” investment losses and that we CAN tolerate great deal of (often) improper way to communicate with our staff. We would NEVER oppose to the open expression of OPINIONS, especially, for as long as we have a chance to reply and comment. We are ALWAYS open to an intelligently formulated critique and we have full respect to people’s views, as to how exactly they view our program. Moreover, we always ask people to refrain from investing with us if in any doubt, and we are doing it again right now.
Thank you again for being a member! Please, DIVERSIFY!”
My personal opinion about this fuss is that the admin of course may make such unpopular decisions of suspending the members who call his program a ponzi-game. It may be true, it may be not. We never know that and only with the longevity of his program Paul will be able to silence such jokers. If URInvest is here for the next 6 months I might be able to say that it’s probably a real investment company. But even if it’s a real company with real investments involved there is always some kind of risk involved and it doesn’t guarantee your investments. Just remember this and play such programs accordingly, i.e. never invest what you can’t afford to lose and always diversify! Not just URInvest but with all programs.

The situation with W-MTFund is far from ideal. Despite the admin’s assurances that the frequent downtimes are over the program is still suffering from them. I requested some explanation from the admin of W-MTFund regarding the recent downtime and when the site will be available and the withdrawals resumed. Unlike many previous times when I used to get his reply quite fast this time it seems they are delaying with the reply which together with pending payments doesn’t look so good at all. I therefore have to move W-MTFund to Waiting status on my monitoring page until the situation is clear. There is still hope that the program will return as happened many times before so watch the updates on my blog carefully.

The same thing happened with TradeContract program (reviewed here) which blamed their prolonged downtime another DdoS attack. Now they are back online and as I can see they paid all the pendings already. I myself have received the pending from 150% after 30 days plan and successfully redeposited. This is certainly a good sign and I hope this outage will not happen again. I have already moved TradeContact to Paying status on my monitoring page and advise you to have a closer look at it. This is the latest from the admin of TradeContract:
“Hello Our dear members. Last 48 hours our program faced a heavy DDoS attack. Problem solved few hours ago. Since then it is possible that our firewalls are blocking even the IP address of some customers. If you have difficulty in accessing the website, please contact us. We would like to apologize for the inconvenience caused. TradeContract, LLC technical department“.

ImokTrade site suspended automatic instant withdrawals to LR. You shouldn’t treat this as a red flag yet though because the admin explained it perfectly in his latest update:
“Dear Member, For security reason we stopped automatic withdrawals. Many member claim for change ecurrency account. New policy e-currencies account cannot be change after registered. If your account stolen contact LibertyReserve support for resolve your problem.”
I support his decision as if you have to sacrifice instant withdrawals for the sake of security you should do so while it’s not too late and little damage is done. You should remember that all the withdrawal requests made by the members of ImokTrade are still being processed quite fast and I see no further signs of collapse so far. ImokTrade is more than 1 month online and paying 3.1%-5.1% for 25 calendar days with the principal returned back on expiry. The details on the program can be read in my review published here.

The admin of 2008-N (interviewed here) warned all the members that there may be some delays with payouts while they are moving the site to a new server. Please read the update and if you feel that your withdrawals are pending for some reason please contact the admin of 2008-N site with your enquiry. Here’s the most recent update:
“After more than 80 days online, we decided to move 2008-N to a new server. I think we will be much safer than before with our new server. This may takes some time. And some withdraws may delay. I am sorry for this inconvenience. But it is necessary I think.”

It’s great to report that ForexInv is back online after some downtime and the payouts resumed as well. If you want to know more about this medium-term program please refer to my review published here.

The admin of the recently added but not yet reviewed program 12DailyShares announced that he has discontinued accepting AlertPay due to the reason that his account had been blocked and all the transactions made have been reversed and returned to the members’ accounts. Here is what the admin of 12DailyShares got from AlertPay representative:
“My name is Shaun and I’m contacting you in regards to your recently submitted verification documents.
After careful review of your documents, it appears that the submissions have been modified, which is a violation of our User Agreement that can be found here.
Your name and information has been added to the AlertPay watch list and future submissions of this information will be declined.
There will be no appeals to this decision. All transactions from your account will be reversed and any remaining funds will be left in your account for a probationary period. When the probationary period has expired you will have access to withdraw those funds.”
So 12DailyShares has only left with three payment processors accepted: LibertyReserve, SolidTrustPay and StrictPay. I don’t think that this fact will affect the program’s performance much as the first payouts are yet to be processed after the first 12 day cycle is completed. In addition, all who made purchases via AlertPay would be refunded by this payment processor. Anyway, let’s hear what really happened from the admin of 12DailyShares:
“Hello, this is the admin of 12DailyShares. we have been paying to everyone who applied for payment except those that upgraded using AlertPay. AlertPay locked our account for no reason and we are trying to get back access to the account. You guys should also write to the payment processors because they kill the business for us and the investors. A program that was launched not up to 5days already have a block for the account, reasons where not told to me. This is a copy of the email I received from AlertPay after our telephone conversation, they where asking me for a tax report, I have never hear that in all my time on the net.
I will advice the AlertPay upgraders to have some little patience and we treat this fast if not ask for a refund from AP. Thanks for your understanding.”

Well, what happened to 12DailyShares would be not so believable if another program had confirmed the same issues with their AlertPay account. I’m talking about BigBangSurf (reviewed here). The first payouts from the same 12% for 12 days plan should have been processed on expiry in a couple of day if there would not have been the same issue with AlertPay. BigBangSurf had to remove all the adpacks because of AlertPay actions which limited their account and made it impossible for the admin to process the payouts. The good thing about it is that if you upgraded in BigBangSurf via AlertPay you will be refunded your initial deposit in full if you submit your details to AlertPay. In addition if you suffered from those strange actions the admins of BigBangSurf promised to add some bonus to your account if you want to purchase ad units using another payment processor. I’m just glad that those issues with AlertPay happened now when the program is not so big and the first withdrawals on expiry are yet to be processed. I hope it will not affect BigBangSurf‘s future performance so much. Anyway, here is the most recent update from the admin explaining everything:
“We regret to announce that as of February 6th, all AlertPay upgrades have been removed.
The problem was at the AlertPay end, and not with us. Unfortunately, they “limited” our account without warning. Had we known they might do so, we wouldn’t have used their processor, as we feel this is very unsatisfactory on their part, and is comparible with the Stormpay actions of some years ago.
As they are holding all the payments sent to our account, we have been forced to remove your upgrades due to the fact that we will not be able to pay cashouts for expired adpacks via AlertPay, However, AlertPay has agreed to refund all members who purchased with AP funds.If you don’t automatically receive your refund, please do request it from AlertPay as soon as possible, by including your transaction receipt with your request.
We sincerely apologise for this inconvenience, and hope that you’ll purchase adpacks again, using one of our other processors: LibertyReserve, SolidTrustPay, StrictPay, EvoWallet or PerfectMoney.
***As compensation, all members who previously paid for adpacks using AlertPay (ONLY!) will receive 2 free adpacks added to your new purchase. Just let us know, by sending your BBS user ID after you have purchased your new upgrade and we will manually add the bonus units. Sincerely, Your BigBangSurf Team“.

Taken the payment processors topic I can’t help but bring you some good news from StrictPay payment processor. This finally happened – the thing that many of us have been anticipating – StrictPay is now allowing you to withdraw from your SP account to LibertyReserve. There are some some fees involved of course as well as some limitations. For example, you cannot exchange your money from your StrictPay account to LibertyReserve if less than 7 days have passed since you funded your StrictPay account via SolidTrustPay. I guess that was made simply to eliminate those who would like to outexchange their money from STP to LR faster. Anyway, now the option of outexchanging your money from StrictPay to LibertyReserve is open as well as more options of funding your StrictPay account have been added. Please read the whole update from StrictPay payment processor for more details:
“We are happy to announce some new deposit and withdraw options available to all StrictPay customers.
We have recently added the option to withdraw funds from your StrictPay account directly to your LibertyReserve account. The processing times are similar to a bank wire withdraw request, and the fees are reasonable as well. We have had numerous requests for this option to be added, and we are glad to be able to offer this as another option to all of our customers.
We also now offer three additional methods to deposit funds into your StrictPay account. You can fund your account with a cashiers check, a personal check, or a money order. This is another option that we have had many customers request, and this should give people an additional inexpensive means to fund their StrictPay account.
Please take a couple minutes to visit each of the pages for the new options, and you will find out additional details, such as times to process the requests as well as the fee structure for each.”

This is the list of program that paid me for the last 48 hours: TrustCapital, AggeroInvestment, Z-Finance, 24over7, 12Dreams, URInvest, ComradeFinance, NordicMutualFunds, IntensifyFunds, ResidualForexIncome, CapitalCorpex, ImmenseInvest, MajorBarter, BVIuion, PanaMoney, ImokTrade, 2008-N, Giant-Investment, ANOI, GoldNuggetInvest, InstantPayments, ForexInv, SilverInvest, TradeContract and TrecInvest (the first payment received).

TrecInvest is the most recent program that caught my attention. TrecInvest is now 2 months online and it can boast such features as completely original and customized script, SSL-protection, hosting on a dedicated server and original texts. TrecInvest company claims to be officially registered in the Cayman Islands and the admin already stated that he’s ready to answer all my questions regarding this. Unfortunately LibertyReserve is the only accepted payment processor to deposit into several plans TrecInvest is offering investors. The three plans are available: variable percentage from 1.7% to 1.9% daily for 90 business days ($15 minimum to invest), 2% fixed daily interest for 120 business days ($150 minimum) and 2.5% fixed daily interest for 150 business days ($3K minimum). Compounding is allowed on plans with daily fixed interest and your principal will be returned to you after your investment term is over. Read my detailed review of TrecInvest on my blog next week!

If you prefer short-term HYIPs then you should pay attention to another program I added to my list today – Online7Trades. It also accepts only LibertyReserve and for the minimum of $10 you will be paid 15.7% for 7 days. The principal is included in daily payments so at the end of your investment term you will be getting 9.9% return is just 7 days. I think it’s a pretty reasonable return for a short term HYIP and it will let it last longer. If you consider that Online7Trades just launched yesterday I would consider it a good pick if you wish to diversify your portfolio. Online7Trades is based on licensed GoldCoders script and hosted on a dedicated server. More on Online7Trades can be read in my review to be published soon.

Finally, the last program I would like to mention today is 13Daily.Pro. Yes, this is yet another autosurf that launched recently and is offering 13% for 10 days for surfing plan and 13% for 9 days if you don’t like to surf. All the payouts are processed on expiry and the first payouts will be processed in a couple of days. 13Daily.Pro already has about 600 members and thats just after 6 days online. There are some rumors on forums that the program may come from the admin of Youmilex because the paid email was sent from this recently demised program. If this is true or not we can’t prove for sure. But I would be glad if 13Daily.Pro was from the admin of Youmilex, a highly successful program that lasted for more that 3 months. Don’t forget that you can upgrade in 13Daily.Pro using 6 different payment processors: LibertyReserve, AlertPay, StrictPay, SolidTrustPay, PerfectMoney and ECUMoney. The minimum to upgrade in 13Daily.Pro is $5 and the withdrawal fee is 3%. The payouts are processed within 3 business days but we should expect much faster payouts in the early stages when the membership is not so high. I like the fact that the maximum you can upgrade in 13Daily.Pro is only $500 and the site has a dedicated server and DDoS-protection from DdoSWiz. I hope that 13Daily.Pro will become a good program and hope I will be able to review it on my blog next week.

This is all the news for today and I’ll see you on my blog tomorrow with the review of Z-Finance and more news and views from the industry! Stay tuned and have a good weekend to all!