20/01/2010. XenoFinance Review and Other News

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

Hi guys! Before we get to the news today I would like first to talk a bit more about one of the most recent additions to my monitoring page. You may remember I first mentioned them a couple of days ago. They are called XenoFinance and they are a new short term high rate of interest HYIP.

I can tell you right from the start that it might be a difficult one to get involved with. The reason is the script which comes from Neversay. Not that there is anything wrong with Neversay products as such, it’s just that because this script has traditionally been more associated with autosurfs you are only allowed to invest in “blocks” of certain amounts of money. In other words it’s a bit like buying shares. Which is fine if those shares cost you $5 or $10 each. But in the case of XenoFinance they cost quite a bit more than that and this might prove to be detrimental to the program. Well, time will tell. But as you guys are ultimately the ones who will be deciding this and not me, why don’t we take a look through the program anyway and see what you think.

There are four plans available from XenoFinance, all of which make one single payout on expiry. The first of these runs for 5 days and offers a payment of 110% upon maturity. I suspect this will be the most popular plan for reasons we will see in a moment. The minimum amount you can invest here is $10. You may then continue to invest in multiples of $10, i.e $20, $30, $40, et cetera all the way up to a maximum of $10,000. The mathematics behind it are pretty rudimentary I think you’ll agree. An investment of $10 for instance will get you back $11, $100 will get you back $110, and so on.

So why will that one be so popular? Well let’s take a look at the next plan and see. The second plan XenoFinance have for us pays 150% in expiry after 15 days. That may well sound a lot more tempting than the previous offer but have a look at the cost. The minimum investment is $100. A lot of money to most people, but if you are lucky enough to not consider $100 all that much then consider this – you may only invest here in blocks of $100, so if you want to invest more than just the minimum then you have to spend $200, $300, $400, and so on like that. A bit less attractive now, don’t you think? And there is the obvious question about who is in a position to refuse cash these days? I mean if I have let’s say $175 to invest, the admin is effectively refusing to accept $75 from that because of the extremely frivolous reason that the script won’t allow it. It makes little economic sense to me to isolate so many investors over what is really not that difficult an issue to address.

Anyway, there’s nothing wrong with the plan as such, just the amounts needed to join. Should you decide to press ahead your $100 will net you $150 on expiry. If that’s not enough then you will have to deposit $200 which will earn you $300, principal included. The maximum spend is $10,000.

The third plan is, as you can now imagine, more expensive again. Also more rewarding should it work out. The plan runs for 25 days after which XenoFinance will make a once off total payment of 200%. That’s double your money but it’s going to cost you at least $200 dollars to join. And again, like buying shares, you may only join with $200, $400, $600, and so on all the way to $10,000.

Prohibitive costs notwithstanding, it’s still hard to recommend this one. A couple of simple calculations will tell you that if you consider the rate of interest against the length of the investment term it’s actually less rewarding than the previous plan, despite the vastly increased risk. Let me explain – 200% for 25 days means that you earn 8% interest per day. The previous plan with 150% after 15 days averages out at 10% interest per day.

And finally the fourth plan from XenoFinance will run for 40 days and will pay you a total of 300% interest on expiry, with your principal included. This time you can only join by buying units worth $300 each. They say that the maximum investment is $300 but unless there is something seriously wrong with the basic arithmetic I learned in school that will not be possible. Divide 10,000 by 300 and see what happens. Anyway, it’s not important as I imagine you were unlikely to spend that anyway. Once again however a couple of simple calculations measuring the reward against the length of the investment term will tell you that you are still better off sticking with the first two plans.

You have a choice of three payment processors when joining: LibertyReserve, PerfectMoney, and StrictPay. Payments are not automatic so will have to be requested. The admin suggests that you allow them up to 2 business days to process your withdrawal.

Well if the investment plans weren’t drawn up by mathematicians then at least XenoFinance did a better job on the security. They are hosted on a dedicated Staminus server with protection form DDoS attacks provided by DdosWiz. The script as I mentioned at the start is licensed from Neversay. A decent product by itself but the restrictions imposed by it are detrimental to the program in this case. Nothing to do with Neversay as such, rather the way it’s being used by the admin. On the plus side however there is a major boost to XenoFinance with the use of SSL encryption for an added layer of security. Contact with the admin if you have any further questions is available through the regular support ticket submission form an the contacts page.

The home page makes a brief and somewhat cryptic statement about some investment activities. The usual buzz words, gold, ForEx, and so on are all there of course, but what isn’t is any kind of evidence or any kind of real contact with real people. So just take it as a regular HYIP. I could say don’t invest what you can’t afford to lose but due to the restrictions imposed by the script many of won’t be able to do that even if you wanted! So treat it like a lottery. Might be a bit of fun and you might pick up a few bucks for yourself as long as you don’t get too carried away. Refunds are rare in the HYIP industry you know.

OTHER NEWS FOR TODAY.

First of all I would like to report that I was paid today from BarterCrown finally and the admin also answered me regarding the delays. It seems that they had some accessibility issues with their site and therefore could not process all the pending withdrawals in due time. From my own experience I’m aware of some issues on the sites hosted by DdosLock and about the fact that sometimes the sites hosted by them can become inaccessible for some reason. I think that was one of the reasons why such short-term programs like Caziroca (reviewed here) and RosalinFinance (reviewed here) recently migrated to BlockDos servers which are definitely safer than DdosLock. Anyway, the admin of BarterCrown told me that apparently the problem has been solved for them but the site might still load slowly for many investors. Hopefully the hosting issues will not be a major obstacle for both the admin of the program and the investors. I remind you that BarterCrown is quite a new program (been online for only a week) that offers six investment plans with the payouts on expiry in which you can deposit via LibertyReserve, PerfectMoney and StrictPay payment processors: 103% after 1 day, 114% after 4 days, 130% after 7 days, 145% after 10 days, 260% after 28 days and 410% after 45 days. More about the plans and the program’s structure can be read in my review of BarterCrown published here.

There was some very good news for the members of IncoForex published on their site today. As you might know IncoForex looks very different from other HYIPs especially when it comes to crediting your accounts with variable daily payouts. The system was thoroughly described in my review here and I hope you will find it useful when considering making a deposit there. Also you might want to check out my interview with the admin that was published on MNO here. Anyway, the good news comes in increasing the possible accrued daily profits with 5% extra because of the decrease in their insurance fund due to stable ForEx performance and fast growth in 2009. I remind you that IncoForex has been online since July 2009 and have definitely earned themselves a good reputation among investors by its always on-time payouts and fast support. Definitely the new increased daily profit rates will make the program even more popular among potential investors. Here is the latest news from IncoForex:
“Great News! Insurance Fund deductions were changed!
Dear Investors, We welcome you in the new 2010 year at IncoForex!
The past year has been a difficult, but exciting one for us, as we had a lot of things to do, and one of them was to increase your trust in our services. Now, we wanted to let you know with a very great joy in our hearts, that we reduced the Insurance Fond Allocation from 15% to 5% only! You don’t yet understand why we are happy? Because we increased the gain with 5% for every type of investors! We saw that our trading ways and results are almost perfect, which means a very low chance of loss. So we have decided to offer you this awesome New Year gift – 5 more % into your plans. Imagine what this means? That we care for our investors and every action that we take is made just to satisfy your needs and to increase your bond to you! Happy New 2010 Year!”

There were a few programs added to my monitoring page today and I would like to briefly introduce them to you. Let’s start with ScootFx which just started today. The program positions itself as a group of ForEx traders that unite their skills and now offer some lucrative investment plans to an online audience. While not being an original concept in itself ScootFx turned it to their advantage by using original texts, running the program on a custom-made script, installed SSL-encryption and a multi-lingual interface of the website offering Spanish, Italian and Indonesian versions. It’s very obvious to me that the admin spent some time and money on creating a good website and the only drawbacks I found is (the usual) no proof of their ForEx activities provided anywhere on the website and only two payment processors accepted: LibertyReserve and PerfectMoney. The payouts though should be made in automatic mode and the admin stated that it should not take more than 30 minutes before submitting your withdrawal request and getting paid to your e-currency account. The investment plans offered by ScootFx are: 1.2% for 40 business days (minimum to invest is $15), 1.7% for 70 business days ($500 minimum) and 2.2% for 90 business days ($5,000 minimum). Please note that not only your principal will be returned at the end of your investment term but also will you be able to request the principal before the maturity date if you have some urgent need to get your money back (note that a 50% fee will be applied in such a case). One more point: ScootFx site is hosted on a GeniusGuard dedicated server and uses a very similar layout to other popular programs being monitored on MNO in the past and as a rule they were all quite successful. So if you join ScootFx in the early stages I believe there is a very good chance that you will be in profit. Obviously that ScootFx is run by a team of professionals and I will try to prove my point in the upcoming review of this program that will be published on MNO soon.

The second program I’m going to introduce on my blog tonight is InvestProxy. Well, this one got old already and is running for about four months now. The program has been recently redesigned and I like it much more now that at when the admin first approached me for advertising on MNO. That time I considered InvestProxy as one running in collaboration with the scam payment processor RoutePay as they accepted them as well what made me think they were closely related. Well, InvestProxy is still accepting RoutePay along with five other payment processors including the following: LibertyReserve, EcuMoney, StrictPay, PerfectMoney and AlertPay. However by lasting for such a long time the admin proved not to be a fly-by-night scammer and I’m glad to accept InvestProxy for monitoring finally. So what about the plans? There is one plan that pays on expiry and you will be paid 108% after 7 days (minimum to invest in this plan is $5). There are two plans that are paying daily: 0.9% for 7 days ($5 minimum) and 1.1% for 30 days ($25 minimum) with principal return on expiry. The other two plans are paying weekly: 9% for 13 weeks ($10 minimum) and 11% for 26 weeks ($50 minimum) with principal return on expiry. InvestProxy is an SSL-secured site which is running on a dedicated server with Koddos protection. The script being used is a Neversay script so the deposits are allowed in increments of $1 only. The new website of InvestProxy looks really good and includes some rare features including Live Support and worldwide representatives. Overall my impression of InvestProxy is quite positive except that the program is not exactly new. However investing in short-term plans could be still a wise investment decision. My detailed review of InvestProxy will follow on MNO pretty soon so stay tuned for that!

Finally the last program I would like to introduce on my site and from which I already received the first instant payout is a straightforward HYIP game called FastCashProduction. And we can say here that the name speaks for itself in this case. FastCashProduction (which is a brand-new HYIP this time by the way) is offering three plans with a $1 minimum accepted in all of them: 110%-120% after 1 day, 60%-70% daily for 2 days and 45%-55% daily for 3 days. As you can see the plans are extremely profitable so I suggest to join FastCashProduction within the first few weeks as the older it becomes the more risky it will be. There is a very good choice of payment processors accepted in FastCashProduction and besides the traditional LibertyReserve and PerfectMoney it also accepts StrictPay and GlobalDigitalPay. The best feature is instant withdrawals to all the payment processors which will definitely will be heartily welcomed by all the experienced HYIP players. As far as I can see the script is a custom-made though it look very slightly like the old Waylex script which is no longer supported as far as I know. The program itself looks very simplistic at first glance however on more detailed examination you will find there all the necessary features every quality short-term program must have are included: SSL-secured channel for members’ accounts, fast and professional support and the quality DdoSWiz hosting with a Staminus dedicated server. As you can see there were some expenses involved in building such a website so I can hope it will last for some time. Just don’t forget that FastCashProduction is an HYIP-game with its own risks but considering some unique features which will be properly analyzed in tomorrow’s review on MNO and the instant payouts with low minimums and four payment processors accepted it might worth the risk.

Apart from the first instant payment from FastCashProduction I was paid today from the following programs:
GeniusFunds, PTVPartner, IwFunds, BarterCrown, WaterInvestment, Infinitum, GasAndOilInvestment, ArbisPro, GoldenFleeceFund, RosalinFinance, FxStar, HugMoney, NanoMoneyCorp, Investorum, PanaMoney, StanbicArbitrage, KobelCapital, StarkFund, Caziroca, AsiaInv, AtlantisMutual, AtoxFinance, BetAndTrading, IncoForex, GouldsInvest, MandarinInvest, Flanita, RefMotor, Verifield, FinanceNova, CedexInvest, CSMFinance, Eternidex, InvestmentForge, WeeklyDividend, EzProfit, GlobalFund, TheKapital, OneDailyPro, WestFinance, SantiVentures, SportBetInv, InstantMoneyBets, Vegamex, TradeZoom and XenoFinance (the first payment received).

That’s it for today, guys, and I will see you on my blog tomorrow with another interview, the review of FastCashProduction and the daily news from the Industry! Stay with MNO!

P.S. Werner, the admin of InvestJoy, just launched another program – InvestBro. A proper introduction of the program can be read on my blog tomorrow but already you can see the InvestBro banner on top of my blog.