01/05/09. DamexTrade Review and Other News

Hi everybody! And especially to those of you celebrating May Day I hope you enjoyed whatever activities and festivities took place in your area. A good start to your weekend I hope. I had a good day celebrating myself, and enjoyed everything (except getting sunburned!).

So for today’s review I want to take a closer look at a new HYIP that just launched during the week called DamexTrade. It’s interesting enough I suppose. It’s a long term program which I understand is not to everyone’s taste but as they tend to stay online a bit longer than the higher paying shorter term ones, I must admit I have a soft spot for them. The good ones that is. Time will tell if DamexTrade joins that list but so far it’s looking ok.

Starting as usual with the plans, there are four variations to choose from imaginatively titled Plans A B C and D. Unfortunately only two of the four will be affordable to most readers but I’ll give you the details anyway.

Plan A starts with a minimum investment of $15, higher than most but affordable and over the course of the investment term, it runs for 75 days, hardly a big deal if the program turns out to be a success. During the course of the plan you will be rewarded with a payment made daily of 2.45%. So if we take a $100 investment as a sample, you will be paid $2.45 per day for 75 days. That means you will break even after 41 days and finish up with a total of $183.75 when the plan runs out. That figure is all pure profit by the way as your principal will also be returned. That’s not bad I must say when compared to similar programs.

Plan B is a bit more rewarding. More of a risk in the sense that you need to spend more to join, but less if you consider how much faster you break even. It works like so. The minimum investment is $300 and like the previous option it too runs for 75 days. During that period you will be paid 2.75% interest on your principal per day. So if we take that bare minimum figure as a sample investment, you will be paid $8.25 per day. That means that you should claw back your principal after 37 days and see out the the full term with a profit of $618.75 and that’s on top of your principal remember, which is also returned.

The next two plans, C and D, are altogether more serious affairs and if either of them interest you I would strongly urge you to research this program and the people behind it rigorously before proceeding. I’ll just give a brief description here for your information. Plan C pays 3.05% interest per day on amounts between $5000 and $9999. Plan D offers 3.45% daily on amounts upwards of $10,000 with no limit. Where bold men go, that’s for sure, lol! Both options also run for 75 days with your principal returned at the end.

The choice of payment options is quite limited I’m afraid which might put some of you off. Others of course won’t care either way but your choices are between the usual HYIP favorites of LibertyReserve and PerfectMoney.

The security of DamexTrade was bit of an eye opener. Apparently it’s protected from DdoS attacks by GoldPoll, who I guess most of you are probably familiar with as a monitoring site and forum (amongst other things). I had no idea that they were now providing this service too. Well you learn something new everyday in this business. I honestly can’t say how good a service they provide though. I mean I’m pretty sure it’s good but as I was not aware of them doing it before so to be completely neutral here I have to say it’s unproven. One thing that is proven though, and proven to be outstanding is the hosting provider. It’s on a Dragonara server which is more than dependable. DamexTrade is also running on a licensed GoldCoders script. Customer support is available through an online e-mail ticketing system. They also publish a telephone number from the Republic of Ireland but when I tried it it wasn’t working. To be honest I think your call gets redirected anyway and but remember we are talking about your money here. Nobody else’s. You have every right to phone them and have your questions answered to your satisfaction and I suggest you do so. Other than that it’s a decent design, user friendly with everything laid out nicely. It’s all straight forward and easy to use.

Overall it’s an interesting project but not one I’m hugely excited about. I can’t help but wonder how sustainable the plans are in the long term here but at this stage it’s probably still an OK option to make a deposit in. As I mentioned at the start DamexTrade just started this week so if you’re going to join, then do it now. Getting in at the start is always the best way to maximize your earnings in programs like this one. So it might just be worth taking a chance on, if you do it now. Just one more thing. Sorry to state the obvious here but please ignore all claims that your deposit is secured and guaranteed. It isn’t. The government are the only ones who can make such a claim, so just use your head here ok?

Other news for today.

First at all, let’s have a look at some encouraging news from FinancialProfitsCorp (reviewed here). This low-ROI term program recently celebrated 50 days online and to mark the event they are offering investors some sweet bonuses on your next deposits. From 5% to 15% extra to your account in fact. The offer will be valid for another week so if you were considering joining FinancialProfitsCorp the best time to join is now. Moreover, the plans for the next couple of weeks include the introduction of phone support for all the members and the possibility to deposit via Bank Wires. Yes, all the exciting plans can be seen in the latest update from the admin of FinancialProfitsCorp sent to all the members last night:
“Hello dear members. This is a special Day for FinancialProfitsCorp. Yes, today is the 50th day online for FinancialProfitsCorp project.
First we would thank each member for the excellent support since the start. We appreciated all the emails and suggestions; are welcome as usual.
We try to provide the best, and will continue for a long time.
We receive many emails every day; we now count more than 900 members so please allow us 24 hours to reply to all of the emails.
We have seen many requests about adding a phone number and the bank wire deposit option.
So now we have great news for today! First I’m glad to announce you our phone support will be available to all customers in 2 weeks. We are setting up our phone service now and will let you know when this is available.
Concerning the bank wire system, it will be added in a couple of weeks, and I will announce to you when it’s ready. The minimum to invest with bank wire will be $2000.
We have recently received some support tickets to increase the maximum deposit of $50,000, at this time the maximum will stay $50,000 per account, thanks for your understanding.
To finish, we would like to present you our Special Offer for this week. (Available for 7 days from now)
Investments $50 to $500: 5% bonus
Investments $500 to $1000 receive 7% bonus
Investments $1,000 to $10,000 receive 10% bonus
Investments $10,000 to $50,000 receive 15% bonus
After your deposit please submit a ticket with you username, we will add your bonus in 12-24 hours.”

ImperialFinances (reviewed here) is doing really well and continues to pay fast. If you still haven’t checked out my latest interview with the admin of ImperialFinances Will you’re welcome to do it here because it’s actually one of the few interviews that really deserve your attention. I remind you that the plans ImperialFinances offers to its clients include: 115% after 10 days, 135% after 20 days, 160% after 30 days, 35% for 4 weeks and the recently added 1.5% daily for 30 days with the principal returned on expiry. The big advantage to depositing in ImperialFinances over its competitors as I can see is acceptance of all the most popular payment processors including AlertPay and SolidTrustPay. This is definitely a big advantage together with the admin’s commitment and the constant strive to make his program even better. Tonight I received another newsletter from ImperialFinances informing the members about the results of the contests which were currently running and the announcement of the plans about the implementation of their new customized script which will have to change the current GoldCoders script in the near future adding some important new features like the opportunity to deposit via Bank Wires. This is really an important stage in the program’s development and I can already see some strong investor support towards the goal of making ImperialFinances better and better. Here is the latest from them:
“Hello everybody, One question before newsletter? How did you celebrate 1st May? At work or not. I was most of the time with my family. Hope you did the same.
Let’s begin news now:
#1 GUESS CONTEST: someone yesterday guessed the real number of members: 479. His nickname is “dmrcmedia” and his account balance has been credited with $10. Congratulations.
#2 CONTEST IN CONTEST: I received some nice ideas, and this contest will end tomorrow night, in 24 hours starting now. I will try to create an unique contest from choosing from what I received. Thank you everybody.
#3 CUSTOM SCRIPT: I want to announce you what we’ve passed 500 members border. Now is time to think realistic. I found a programmer that’s ready to create a custom script for ImperialFinances. Script will include Bank Wires and different account levels: Basic – max investment $1,000 , Corporate – max investment $10,000 and VIP – max investment $50,000. Only VIP members can invest trought Bank Wires or Western Union.
These are only some details of what will become ImperialFinances. I know these are big dreams, I will make them become true. I always think BIG.
More updates about future plans, next week. See you tomorrow with the other contest winner, and I will present you the best contest idea.”

The admin of PrismoFunds (reviewed here) sent out another newsletter to the members just a few minutes ago. PrismoFunds is still a very new program yet overlooked by many investors. I think with such a dedicated admin and the members’ support PrismoFunds can expect a bright future ahead. I remind you that the program pays from 3.5% to 4.5% daily for 50 calendar days and I consider this plan to be a very sustainable one. In the newsletter I’d like to republish on my blog the admin of PrismoFunds Lize informs everybody about the progress made by the program for the first 11 days online. Definitely worth reading if you are considering joining PrismoFunds:
“Dear Members, How is everyone doing? Maybe you are from Europe and are enjoying May Day, or on the other hand you could be anywhere else and about to start enjoying the weekend. Regardless get out and enjoy it.
To start today’s newsletter off, I would like to get into the progress of PrismoFunds. With 11 days of being online, PrismoFunds has been a full success! We planned PrismoFunds out with the best intentions of be online for as long as possible. And it seems this will be done easy with the support from everyone.
Currently PrismoFunds has 243 members, most of which have invested. We continue everyday seeing dedicated support. With this we would like to thank our members for the TRUST!
Now on to LibertyReserve and PerfectMoney. Both were having problems yesterday. With this we had sent out a small letter letting you all know about the pending payouts. Funny enough, about 30 minutes after I sent that out LR was working again! All pending payouts have now been sent.
Did you happen to see the review from Paul at Money-News-Online? We would like to thank again Paul with all the nice words on PrismoFunds. You can see the review at this link.
For those that have been awaiting SolidTrustPay. We will let you know again that is is available to use. We have chosen to use many E-Currencies for your members. Having our Verified Processors we are giving you more security and with that we gain trust. Again Thank You!
This will be all for today. If you need any assistance, feel free to use our live support or if we happen to be not online you can send us a support ticket and will be answered within hours.
Don’t forget to enjoy your weekend!”

I would like to warn all my readers that YenStock stopped paying a couple of days ago and so far I have heard nothing from the admin to explain the current delays. So I had to move the program to Waiting status on my monitoring page. It seems soon it will be moved to Not Paying status as well so please be aware of that and don’t deposit there.

On the brighter side I have some positive news from Edward Brown, the funny admin of EdwardBrownInvestments and he assured me that the payouts will resume soon. I have also received the long overdue answers for the interview questions and so I’m planning to publish the interview on my blog as soon as the payouts resume.

I was paid today from the following programs: FinancialProfitsCorp, ImperialFinances, EwoCapital, NanoMoneyCorp, NorthBizz, SilverLodge, LloydFunds, NovalexFinance, GoldNuggetInvest, MajorBarter, CascoFunds, GeniusFunds, DimensionalWealthFund, DamexTrade, OakCash, EnscoOffshore, PrismoFunds, FlowBroker, Poplans and GearsOfProfit. That’s it for today. I wish you a very nice weekend and see you on my blog soon!