Sep 14th, 2009 Archives

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

Hi everyone! Tonight I have another interview for you. It’s the latest in a series of online conversations I have had recently with the current wave of short term HYI programs and it’s with the admin of FoxiVer. Her name is Jessie and she is currently in collaboration with some family members to bring us this project.

While some might question the timing of short term HYIPs at the moment (given that they’re popularity has declined somewhat since the summer) the track record of FoxiVer, however short, is still pretty good. In the short period of time it has been online I have already been paid twice on expiry from two different plans. It was an almost flawless experience and handled very professionally. So I can hardly fault them for anything so far.

Before we hear from Jessie I’ll just remind you that FoxiVer is a short term HYIP that pays on expiry and offers four plans such including 107% after 5 days, 120% after 10 days, 150% after 20 days, and 190% after 30 days. If you would like more details about the program please read my original review published here.

1. Hi Jessie, please introduce yourself to the readers of money-news-online and tell us about your personal involvement in this project. Do you have any previous experience in managing online HYIPs?

Hello Paul and all MNO readers. First of all I would like to say thank you for letting me do this interview and tell you more about me and FoxiVer. I am Jessie and I am the administrator of FoxiVer. It’s my first online investment program.

2. What can you tell us about the history of FoxiVer? How long have you been trading and what are you hoping to achieve by the launch of this project? Are you operating alone at this point or do you have some assistant or business partner?

FoxiVer is the achievement of 7 years work offline in financial markets. The launch of FoxiVer is a way to share our knowledge of financial markets and offer a good investment opportunity. We decided to open FoxiVer 2 months ago. We analyzed the market and decided to start the project “FoxiVer“.

Our team is composed of 3 people. Me, and my husband Jack working with Jack’s sister, Melissa. I’m in charge of FoxiVer support and website management.

3. For the benefit of newcomers to the world of online HYIPs can you explain how the process works? From the moment I decide to invest in FoxiVer to the moment I get my first payout, what happens? What do I need to do before joining?

The process is quite simple. All you need to do is click on the register button and complete a form which asks you some details about yourself, your login details and your e-currencies accounts numbers or email. If you don’t have an AlertPay, StrictPay, SolidTrustPay, PerfectMoney or LibertyReserve you must go to their websites.

For example, for LibertyReserve, you must go here and complete the sign up process.

Once the registration is done, you login in your account with your details and you can invest by clicking on “make deposit” button. Now, you just need to follow instructions and choose a plan to activate your first deposit.

After that, you must wait the duration of your investment package and your profit + principal deposit will be returned in your account according the plan you have chosen.

4. Explain to us in detail about the investment plans you are offering investors? What are the minimum and maximum amounts to invest? What payment processors are you currently dealing with? Are payouts automatic or do I need to request them?

We are offering 4 different plans of various durations and profit margins to our members:

– 107% after 5 days (principal included)

– 120% after 10 days (principal included)

– 150% after 20 days (principal included)

– 190% after 30 days (principal included)

All plans have a minimum investment amount of $5 and a maximum set at $10,000 with 5% referral commission. At this moment, we accept AlertPay, StrictPay, SolidTrustPay, PerfectMoney or LibertyReserve as payment processors for deposit and withdraw request.

It’s important to note that payouts are not automatic so you must come back in your account at the end of your investment period to make a payment request.

5. Online security is a huge concern for everyone these days. Tell us in as much detail as possible about the security features of FoxiVer. Are you on a dedicated server? What measures have you taken to protect the program from DDoS attacks and malicious hackers? What script are you using? Do you have SSL?

At this point in time we are hosted on a dedicated server provided by Koddos.com who are one of the best for DDoS protection. We use a GoldCoders licensed script with some new security improvements to ensure the security of all members’ information.

We have also installed one of the best anti-virus software in all of our computers used by the team. We are not using a SSL certificate now but that will be integrated soon to improve again more the level of security.

6. How have you been promoting the program so far? What advertising strategy are you using? How big a part have the existing members played in this? Are you satisfied with that level of support? Could anything be done to improve on this? Are there any promotional activities to motivate members to get more active in the promotion of FoxiVer?

At the start we advertised with monitors and a well-know blog which you own, Money-News-Online. Now, we are buying new advertising places in major forums and are adding more monitors. Our members support us and also share with their friends about FoxiVer and our referral system of 5%, help a lot.

Either way, a program like FoxiVer needs even more advertising to continue to grow. We started with small advertising campaign and are starting to advertise more and more. I think it’s the best way to obtain a stable program which can run for a long time. The first referral and deposits contests will be introduced next week and will play an important role, for the continuity of FoxiVer development.

7. What about the success of FoxiVer so far? Are you pleased with the level of growth to date? Can you give us any statistics on the amount of members and the total amount deposited? What are your expectations over the coming months?

I am really satisfied of the success of FoxiVer. As explained in the previous questions, we did not advertise a lot but in just 12 days, the program has brought more than $25,000 of deposits with 400 members. I think the best of FoxiVer has not arrived yet. It’s just the start of a successful program.

8. What level of customer support do you offer members? How can they contact you if they have any issues with their investments?

FoxiVer uses an online support form to communicate between the team and members but a live chat with a support in different languages (English, German, Spanish, Chinese and French) is planned for a near future. In case of problem, members can contact me directly at this email address: admin@foxiver.com

I will reply in less than 24 hours.

9. There is a pretty big choice of HYIP to choose from out there right now so if you had just one thing to say to potential investors to convince them to give you their money, what would it be?

FoxiVer is running with all security features, hosted on a server DDoS protected and have a unique design. In my opinion, those 3 factors are first things a member have to analyze. That’s mean we provided a lot of work on our site, which can be a sign of long run planned.

The communication is a very important point too, and I think all members who contacted me can attest I’m dedicated to members. Anyway FoxiVer has a dedicated team working 7/7 days for members.

10. A lot of short term programs similar to yours have collapsed recently. What do you say to investors who would now prefer to avoid programs like yours completely?

Well recently a lot of short programs have collapsed but that doesn’t mean it will happen again for our site. I think when you invest in HYIPs you must take in consideration all points (security, plans …) and be sure of what you do.

There is of course still a risk but if you choose right and don’t invest all your money in the same one you can still make a profit.

11. What is your opinion of the online investments industry overall? Is there any advice or personal experience you would like to share with the readers of MNO?

I think the most important thing that investors have to understand, it’s that this industry is a High Risk Industry, with people who earn and other who lose. The main and often repeated rule is “Invest only that you can afford to lose“.

This is the only rule that members have to understand to play totally informed in this industry. I will advice all investors to diversify their portfolio, investing not all their money in the same site to limit risks.

Rules I quoted are well known, but it seems not enough again, also I take this occasion to remind it.

12. And finally what can we expect in the near future from FoxiVer? How if at all are you planning to expand and improve the program and the service provided to customers?”

I think we can expect the continuous and progressive growth of FoxiVer in the near future. I have just announced some new features in this interview like SSL certificate and live chat but that’s just the beginning of the improvements. We will try to offer the best service for all members.

OK, thanks as usual to the admin for taking the time to answer my questions and I hope you all found something of interest in there.

Apologies for the shorter than usual post this evening but to be blunt it’s been bit of a quiet one all round on the news front with nothing special to report on. Nothing urgent anyway but I’ll see if I can make up for that tomorrow. OK? So stay tuned and see you all then guys!

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