BEWARE! THIS PROGRAM HAS STOPPED PAYING! DON’T INVEST!

Spring seems to be in full flourish in London today with such great weather that all the people, both locals and visitors alike, are strolling in the many parks and lying in the sun. Then I wonder what summer holds in store for us, lol! So all of you who think of London as a place of rain and “pea soup” fogs will be disappointed if you were here today. But that kinda got me thinking about preconceptions in general. Because I had already been thinking about today’s review. I wonder what the weather is in Japan now. Why in Japan, you might ask? Well, because today’s review will be devoted to a program called YenStock.

I don’t really know why the program was given such a name. Does it mean it trades on Japanese markets? Well, I haven’t found anything on the website that supported this point of view except the fact that the site is translated into the Japanese language (along with with German and Chinese). I suggest you to skip over the usual rubbish about trading especially considering the fact that no proof has been presented on the site and the site’s content is not exactly original and actually I would say “borrowed” from other sites. It doesn’t mean of course that they are not trading. There is such a possibility but you should remember that any trading is a considerable risk and know that together with the profits, sometimes there are losses. Profits can’t be guaranteed at any rate and you should always be ready to sustain some losses as well. Otherwise, all the traders in the world would already become millionaires which is unlikely to happen.

All in all YenStock is quite a decent site with some long-term plans on offer. The plans are as follows. There are three plans to choose from with the first one being affordable to just about everybody, the second one for more serious spenders, and the third is I think out of reach for the majority of players in this industry, but I’ll give you the details anyway.

So first up is what they call the “Basic Plan“. And as basic plans go this one is ok, but one thing you need to keep in mind is that the daily repayments can vary. It’s actually not that unusual but I do need to mention if to those who might jump to the conclusion that you will always earn the maximum. The daily rate of interest from YenStack here can be anything from 1.2% daily to 1.8% daily and to offer you an example I personally was paid 1.6% today. Of course I have no idea what tomorrow’s payment will be. The minimum spend is not bad at $10 and goes all the way to $1,000. It runs for 180 business days (Monday to Friday) and your principal is returned on expiry. So just to give a practical example for the benefit of all those 8th grade math students reading, lol! A sample investment of $100 could get you back anything from $216 to $324 pure profit. But expect the actual figure to be somewhere in the middle.

The next available plan is called the “Advanced Fund” plan and it too runs for 180 business days with principal returned on expiry. The big difference here though is that you will be paid a fixed daily amount of interest of 2.15%. A nice improvement on the last plan, but unfortunately the minimum amount to invest here is $1001. I know a number of readers here do occasionally play around with big numbers like that in some of the more dependable programs but this realistically removes the majority of online investors. The first question you may ask your self is if you can afford a thousand dollars? If you are (according to the newspapers) one of the last remaining people on planet Earth you answers “yes”, then the next question is do you really want to spend it here? The maximum to invest is $5000.

And finally Yenstock offers the “Professional Fund” starting at five grand and maxing out fifty, maybe you better consult a professional if this one interests you. But the daily ROI on offer is 2.4% with your principal returned on expiry. Expiry by the way also means 180 business days.

Compounding is allowed and although for reasons I don’t need to go into here I’m not a huge fan, if compounding suits you then go ahead. Just not on my advice! Four e-currencies are accepted: LibertyReserve, PerfectMoney, V-Money and Pecunix. Typical choices for an online HYIP.

Security is ok as far as HYIPs go. It’s on a dedicated server. Hosted by who, I’m not exactly sure. But for now I’m satisfied enough with that aspect. The script is one I don’t recognize and I believe to be custom made. Customer support is offered via an e-mail ticket system. A number of telephone contact numbers are also published but I have so far not been able to authenticate any of them. And none of these numbers are in the actual country they claim to be based in. They claim registration as a business in the British Virgin Islands, a long way from Japan and the land of the Yen I think.

Take from that what you like. I’m just a regular HYIP player like most of you guys so that is how I approach all of these sites. Those guys behind YetStock have at least made more of an effort to look like an actual investment site than most, but until we see continuously proven results for a period of 18 months or more let’s just take this one to be a regular program. It’s up to them to provide themselves with their own track record, by which I mean earn it. And until then continue to regard it, as I do, with welcome but cautious optimism. Not bad but only as part of a varied portfolio.

Other news for today.

There is not a whole lot of news to report in the HYIP industry today except maybe some downtime in GeniusFunds site (reviewed here). But the administration of the program showed themselves to be very professional and gave an update on forums even though the site was offline:
“Sorry for the inconvenience. Our technicians are working on the problem right now. We will bring the site back to normal as soon as possible.
Thank you for choosing GeniusFunds.”
Now GeniusFunds is back and it seems this small downtime didn’t affect it at all.

Given the fact there is not too much news from the HYIPs I decided to look a little closer at what’s been going on in the payment processor world for the last couple of days.

The self styled “fastest growing payment processor” (a claim which I very much doubt) EvoWallet is offering several free debit cards to the first site admins who join the payment processor and install EvoWallet buttons on their sites. I would take them up on this offer but I really feel no need to get another debit card along with the StrictPay and SolidTrustPay cards I already have. In my opinion, EvoWallet first needs to earn our trust by months of hard work and good service provided before it really has a chance to become a popular payment processor. It’s just my own personal thoughts but for those who just prefer free debit cards here is the latest update from EvoWallet:
“Good Afternoon to all our Evofriends, We have opened EvoWallet threads in the TalkGold and MMG forums:
http://www.talkgold.com/forum/r253677-.html
www.moneymakergroup.com/Evowallet-Fastest-Growi-t264677.html
Please do visit and support us there if you are happy with our service.
Also want to add an invitation to all admins out there :
If you are an admin who intergrates EvoWallet on your website as a payment option for your members, we offer you a FREE EvoWallet Visa card ! All you need to do is add EvoWallet as a pay option on your site and email us your site url to confirm. Only the first 30 admins who add EvoWallet on their sites, and have at least $10 in their Evo accounts will qualify for the FREE EvoWallet visa card. (Please email us at evowallet@gmail.com).
Enjoy your day, Your EvoWallet Team“.

AlertPay payment processor gave another update regarding the credit card outage to its members. I found it quite optimistic and let’s hope the issue will be resolved soon:
“Some good news on the credit card front:
Our Legal team is currently reviewing a contract we have with a new bank. After we get their approval and sign the contract, we will be integrating with our PCI compliant gateway provider for the bank. After some testing, credit cards will be available once again. We are doing everything we can to ensure that this process is a quick one! We are still looking at a few weeks for the full turn around time.”

StrictPay payment processor has some difficulties with their debit cards again which will prevent the card holders from withdrawing the money to their StrictPay debit cards for a while. The reasons for this decision were explained in the latest update from StrictPay administration which I’m publishing below:
“StrictPay Debit Card Holders. As we mentioned in our last debit card update, we reopened the withdraw via debit card option with new terms until the debit card provider completed their ownership restructure. We were notified that they have now had a problem with their bank getting some of the loaded funds onto the newer RSVP debit cards. They have assured us that they will have the problem solved by the end of this coming week, but until that time we are going to disable the debit card withdraw feature again. We do not want to take the chance that any funds belonging to our customers could be lost due to a bank issue that we are not in control of. We will email our customers with any update as soon as we get one, and we appreciate your patience during this trying time.”

That’s just about all I wanted to report to you today but in the end I would like to give you the list of programs that paid me today which means you could also be with them on the safe side, at least for some time. Ok, here they are: PanaMoney, SilverLodge, Treckswana, LloydFunds, NovalexFunds, GeniusFunds, FinancialProfitsCorp, EdwardBrownInvestments, GoldNuggetInvest, MajorBarter, UnionFunds, YenStock, RobusTrade, PrincipalReturn, EnscoOffshore, InfrastructureInv, OakCash, AcylicTrade, Nexelim, NanoMoneyCorp and EwoCapital (the first payment received).

Yes, EwoCapital is another program that I just added to my list. Not so good, but not bad either. Their script doesn’t work in Opera so go to Firefox if you don’t want to have any issues logging in. I remember I came across the script EwoCapital is using but don’t quite remember where I’ve seen it before. Anyway, any serious program should have adjusted the script to work with all the browsers and on all the platforms in my opinion. Anyway, EwoCapital claims to be officially registered in Panama and even lists the contact details you might want to observe on the top of main page. I won’t be able to verify their address but I will definitely try their phone number before publishing the review and we’ll see if it works. The plans EwoCapital offers are progressively going up with the 1.7% daily if you invest $15 minimum up to 2.5% daily if you’re bold enough risk to invest $3K or more. The investment term is 150 days. Four e-currencies are accepted for deposits and there are no surprised here: it’s LibertyReserve, PerfectMoney, V-Money and Pecunix (anybody saw investors using the last two currencies, lol?). The review of EwoCapital will be published on my blog soon, possibly tomorrow.

Another program I would like to introduce today is more interesting in my own opinion. It’s called NorthBizz and it’s been online for over a month already. I have no evidence but I have a strong feeling that NorthBizz is somehow connected with the demised CapitalCorpex. I mean the script is very similar as well as the design of the site, the hosting is the same dedicated server by NetServicePro and the banner are almost identical. Well, drawing such comparisons I don’t want to put some bad seal on this program. On the contrary, CapitalCorpex was a very good program and lasted for 4 months. I expect the same or even better “performance” from NorthBizz because the investment plans the program is offering are quite sustainable in my opinion: depending on the amount deposited (the minimum is only $5) it’s 2%-4% for 85 business days with 20% of the principal returned on expiry. So actually you will get 190% profit (including your principal at the end). Again there are unsubstantiated claims about the trading which will definitely attract some ignorant investorsand will allow the program to last for a while. NorthBizz accepts LibertyReserve, PerfectMoney and EvoWallet as their payment processors. I must admit that the site is made by professionals and there is SSL-protection of the account, very comprehensive FAQ, beautiful layout and completely customized script. NorthBizz is definitely worth a closer look which I will give it in my upcoming review next week after I received the first payment from them. That’s it for today and I will see you on my blog tomorrow!