BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everybody! And Happy Easter (or Passover) to everyone celebrating today! For my first post today (the news will be along later) I have an interview with Lars from Forex4Expert, a recently launched online HYIP that has taken the somewhat unusual step of offering short, medium, and long term plans all at the same time. Well, maybe “unusual” is the wrong word but it’s certainly not that common. The terms available include 1.2% for 50 business days (principal back), 2%-3% for 180 business days (principal back), and 8% for 20 business days (principal already included). For a more detailed explanation of how they work and for further information on Forex4Expert as a whole, please refer back to my original review published here.

“1. Hi Lars, please introduce yourself to the readers of MNO and tell us about your own role within Forex4Expert. What are your own duties within the program? How would you describe a typical working day for you as an admin of an online investment project?

Hi. I am Lars Olsson and I’m the admin of Forex4Expert. Ten years ago I started the trading at an exchange. In three years I have managed to put quite a strong team together and today I successfully supervise over this operation. My usual working day begins with the analysis of exchange news and discussions of the trading plans for the coming day.

2. Can you also give us some background on the program? How long have you been running? What were you hoping to achieve by starting it in the first place? Apart from you is there anybody else working on Forex4Expert?

My team has been making money for their private investors in one form or another for the last seven years. Until recently we worked only with the closed investment-pools. After our experts developed a profitable trading system, we decided to involve a wider section of investors. We are going to work more and more online over the next3-5 years. At the present time there are 23 employees, including foreign offices, and the three co-founders. The Chief manager which is me and I have two assistants whose opinion I value. Over the last year I haven’t been trading in the markets personally but I supervise those who do and I develop new methods of trade.

3. What about the investment plans? Can you explain them in detail to us? What are the minimum and maximum amounts for investment, what rates of interest are on offer and how long do they run for?

Our investment plans are thought over so that to satisfy the many different preferences of investors. We have four plans investments different in terms. The first plan is what we call the Forex Plan. To invest in it is possible with between $20 and $500 for 50 business days. The profit is 1.2 % per trading day and at the end of term the deposit is returned. Money of investors is used for trade on Forex in 8 basic currency steams.

The second plan is called the CFD Stocks plan. This plan is calculated for the longer term of 180 business days. The minimum deposit is $501 and the maximum $10,000. Money invested in this plan is used for trading in the stock market. The profit comes to between 1.6-2% per trading day. Upon termination of the term the deposit also gets returned to the investor. On expiry the investor will profit by 360% in total.

The third plan is the CFD Futures plan but basically it hardly differs from the second one. The length of term for your deposit is still 180 business days. The minimum you can invest with is $10,001 and we have a maximum of $50,000. The profit reaches 3% per trading day. The deposit is returned at the end of the term.

And then we have the fourth plan, it has been more recently added by us for investors who prefer investing for shorter periods. It is called the New plan. It is possible to invest from $20 to $5000. The length of term here is 20 working days. Profit is 8% per working day. It is a unique plan where we do not return the deposit. In the end of term the investor will have received a total of 160%.

4. Tell us about the payment options available from Forex4Expert. What payment processors are you currently dealing with? I said in my review that the lack of choice might reduce some investor’s interest in the program. How would you respond to that?

Yes, as of today we work only with Liberty Reserve and Perfect money. In the letters investors often ask me this very same question. I think that in a month we will add some more payment systems. I am also looking into adding bank wires as a form of remittance.

5. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

We have placed our site on a dedicated server for safety, and for the time we have been working with our hosting provider (DdoSWiz) we can only say good things. On this hosting we have already sustained strong enough DDos-attacks. The hosting has done their utmost to ensure that our site was accessible at all times.

6. What can you tell us about your script? What are the benefits of using it both to you and the members? Are you using SSL encryption? What can you tell us about that and why do you think so many online HYIPs don’t use it?

We use a script from Gold Coders for one reason. We are familiar for a long time with this firm. Gold Coders helped us to automate our trade as an exchange. Our script is licensed from them. It ensures good work and the safety of accounts. Naturally we use enciphering with SSL. In my judgment to work without SSL would quite simply be impossible. And irresponsible. In this case accounts of investors and most HYIPs are at a very strong risk of being hacked.

7. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions?

At the moment in order to communicate may do so through the feedback on our site. I or my assistant will answer any question in a current time of 2 to 4 hours. As soon as possible we will have our mailing address and phone number on the site as well.

8. Tell us about the most common questions or problems encountered by your members. Is there any advice you would like to offer here to save people from contacting you later?

Basically the most asked question concerns our European investors. Mostly they wish to know about the possibility to invest in Euros. And the answer most likely eventually be yes. As soon as possible we will finish our site and will try to make this possible.

9. What other outside business and investment activities are Forex4Expert involved with? What are you doing with your member’s money and how are you generating such huge profits? Can we see any proof of these activities?

The primary activity of our company is a gamble, but we certainly do also have many other sources of income, I will shortly be telling you about the production of energy carriers for a new generation.

10. Are there any plans to develop Forex4Expert further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive with so many new HYIPs opening every day?

After a while we plan to add two more plans, but that won’t happen any earlier than the next two months. I think that the best indicator that a HYIP is working properly is that payments have been made regularly and on time to the investors and we prove that in practice every single day.

11. And finally is there anything else you wish to say not covered in this interview? If there was just one thing you could say to investors to get them to join your program before any other then what would it be?

I think many investors have noticed a lot of online based HYIPs have closed lately, we are a new progressive company with long and valuable experience and trade high technologies at an exchange. As we successfully develop in the sphere of alternative energy carriers, I am assured that Forex4Expert can make reliable profits for our investors.”

Thanks a lot to Lars for that and good luck to everyone who gets involved. That’s about all for the moment, guys. Enjoy the rest of your afternoon but don’t forget to check back here a little later this evening when I will have all the latest news stories for you from the programs listed on my monitoring page. See you then!