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

Hi everybody! There was a couple of brand new programs added to my monitoring page yesterday, and the one I’d like to examine in a bit more detail first is called EForexTrust. They have a fairly eclectic mix of short and medium programs, some of which have a couple of drawbacks, but still with enough broad appeal to at least get people to think about it.

And if you do decide to think about it then EForexTrust has four plans in total to choose from. Two that make daily payments and two that pay on expiry. Generally speaking daily payment plans are usually more popular so I guess that’s where I’ll begin.

The first of these is called The Basic Plan and it runs for a term of 45 calendar days. During that time EForexTrust will pay you a daily dividend of 3.2% on deposits starting from an affordable minimum of $10 to a maximum of $5,000. It’s a relatively low maximum in HYIP terms but then who’s spending that kind of money these days anyway? Your principal is already counted as part of the payments so will not be returned at the end. So if me take a practical example of a $100 investment here, EForexTrust will pay you $3.20 per day allowing you to break even after 32 days and finish with a total of $144 in total, or 144% of your principal. Now, when you consider the number of short term HYIPs offering the same profit after just 12 days that have folded recently after not more than two cycles, EForexTrust have taken a much more sensible and sustainable approach by paying it gradually over 45 days. Granted you need to wait a lot longer but I think the more important thing is that you have a much better chance of actually achieving it.

Good as that plan sounds, it is somewhat undermined (if not made altogether obsolete) by this next one which is more profitable in a shorter space of time. The second daily payments plan sees EForexTrust offer a daily return of 5% over the course of 30 calendar days. It’s called The Standard Plan and it’s open to deposits from a minimum of $20 to a maximum of $5,000. Once again your principal is factored into the payments so will not be returned. So for a simple example a $100 deposit would bring in $5 per day, see you break even after 20 days, and finish with $150. Or 150% of your principal if you prefer. It’s certainly not the first time we’ve seen the exact same plan used by an online investments site and EForexTrust are only the latest ones to try it out. It’s often been a popular pick with investors where available, though in these uncertain times what happens next is anyone’s guess. I wouldn’t like to call it this time, I’m only saying it’s been popular in the past.

Next we move on to the plans that pay on expiry, and that’s where we unfortunately hit the first stumbling block with EForexTrust. I need to point out that the program is running off a script from Neversay, and as such you do not just invest what ever amount you like per se, but rather are required to buy shares at a certain cost each. Therefore if you join the Basic Plan you will be required to spend in “blocks” of $10 each, which is fine. Join the Standard plan where the minimum spend is $20, and you will be required to make further investments priced at $20 each, eg $20, $40, $60, etc. Not great but still very workable.

The problem with the two “payment on expiry” plans however is that you will be required to invest in both of them in blocks of $50. So that will mean EForexTrust will only accept deposits there of $50, $100, $150, and so on like that. My problem with that is that when “on expiry” plans are already less popular than daily ones, this isn’t going to help. Plus the fact that these days no one is in any position to refuse money, and certainly not because of a frivolous reason such as “the script won’t allow it” (when the script can be fixed). I mean what happens if I have $90 to invest, but I can’t afford $100? The admin takes my first $50 but rejects the extra $40? Hardly a smart business move!

Anyway, just my opinion and I don’t want that to sound like a criticism of the next two plans. It isn’t. The plans are fine and would be more popular if not for the $50 individual share price. But if an investment in the low hundreds is not much of a financial obstacle to you then you may like them. The first one is a short term option called The Exclusive Plan and runs for a term of just 7 days. Deposits range from a minimum of $50 and continue in blocks of $50 up to a maximum of $10,000. On expiry EForexTrust will pay you 126% of your principal, which is the total payment so your principal is already in there.

The final plan, or The Premium Plan, is again open to deposits from a $50 minimum to a $10,000 maximum. The investment term runs for 21 days and pays 210% interest, principal included, on expiry. It’s a lot more ambitious than the previous three plans that’s for sure, but with the relative high costs involved I would hope that it mightn’t put too much of a drain on the resources needed to pay investors in the other more realistic plans.

EForexTrust‘s payment options are decent enough and include AlertPay, LibertyReserve, PerfectMoney, and StrictPay. Payments are manual so need to be requested. Minimum withdrawal is $1 and compounding is not allowed.

As I already mentioned the script is from Neversay and is licensed. And although can sometimes be inconvenient if not used correctly that’s nothing to do with the script itself which is very dependable. The EForexTrust website is hosted on a dedicated Staminus server with support and protection by Koddos and is also using SSL encryption to protect the accounts, so overall it’s up to a decent standard compared to industry norms. Contact with the admin can be made via the online support ticket submission form on the contacts page. As with a great many online HYIPs EForexTrust also has a Live Chat feature, though nothing to indicate when if ever you’ll find it open.

Texts are not original, having been “borrowed” form an actual brokerage company (I won’t mention any names but the company in question sponsors a Formula One racing team, so it wasn’t a difficult one to spot!). But then that’s the case with 90% of online HYIPs, many of them even brazenly copy/pasting from each other while still running! So while I disregard EForexTrust‘s claims of being a business involved in ForEx trading, as an online HYIP they’re not bad. As has happened so many times recently EForexTrust is a program I’d have been a lot more enthusiastic about six months ago. No reflection on them you understand, based on their own merits it’s not a bad HYIP at all. But times are different now and deserving success does not actually bring it. But not to be a total pessimist EForexTrust is a brand new program barely two days online, so your chances of making a profit from them are as good now as their ever going to be. Just remember to base your deposits on what you can afford to do without rather than what you wish to earn, and always play every HYIP as a small part of a wider more diverse portfolio.

OTHER NEWS FOR TODAY.

Due to some readers’ requests I have decided to move Aballong to Waiting status on MNO monitoring. It was done due to the following reasons:
1) some people have received only partial pending withdrawals and there was no answer from the admin regarding when they will be completed,
2) no one received the promised refunds and the admin never offered any explanation as to why not,
3) there was no update given on the future of Aballong except the one I found on forums but never received myself:
“Martin and I are entirely back for work and regained the majority of our accounts and money. Martin learned from this issue and deal differently with our bookies. Withdrawal is open again. Please allow us up to 5 business days to handling withdrawals, Martin and I also attempt to catch up with email, please do not submit more as one email.”
So actually the major problem with Aballong now is the lack of communication. Even if the admin is trying hard to get the program back on track it’s inexcusable why the members (who are the ones paying for this!) should be kept in the dark, not knowing what will happen next. I understand all the frustration caused by this approach and will keep Aballong in On Hold status until these issues are fixed.

Also I have decided to move HighYieldClub to Problem status on my monitoring page due to several complaints about delayed payouts. My attempts to get a reply from the admin were fruitless. So there is no other choice for me that to move HighYieldClub to Waiting status in hope that the pendings will be processed soon. Of course it is not recommended to invest there at the moment.

I also received a couple of complaints about InvestiHeaven today. Some of my readers stated that in their InvestiHeaven accounts the withdrawals show up as Paid while not actually being receiving by them in their e-currency accounts. Currently I’m waiting for the confirmation of those complaints and will let the admin know about this. I hope it’s just a simple glitch in the system and probably the situation will be resolved by tomorrow. I will let you know on MNO anyway how it ends.

It looks like the admin of FxCrudeOil (reviewed here) doesn’t tolerate spam. That’s why he suspended the account of the member who was trying to advertise his program by the means of spam. Here is the email:
“We got some report from members that some one send spam email using referral link. We don’t tolerate any kind of spam and as a result we suspend that a/c subash and he loose all his earning with referrals.
All payout complete and bonus going on.
Thank you. Admin FxCrudeOil.”
I remind you that FxCrudeOil has been listed on MNO as Paying for nearly two months. It accepts all the popular payment options (including AlertPay, StrictPay, SolidTrustPay, LibertyReserve and PerfectMoney) to three investment plans with weekly payouts: 10% for 15 weeks, 11% for 20 weeks, 12% for 30 weeks.

The admin of VezGroup (interviewed here) reported that the membership in his program had reached over 2,000 members already and is growing daily. He confirmed that the program was going to stick with the current 2.4% daily forever plan with the possibility to get your principal back after 8 weeks. Earlier in my review of VezGroup (published here) I said that the term was 12 weeks but that’s exactly what the admin of VezGroup told me it was, so perhaps it has changed since then. VezGroup has already reached the Top 10 in MNO monitored programs and keeps climbing. As the admin promised in the latest newsletter his aim is to make his program the best and let’s hope he will keep his promise. Here is what he has to tell us in the latest update:
“Dear Client of VezGroup,
It’s great to announce to you that VezGroup is doing just great since it’s opening, Our production in the field has been awesome, our online team has been busy balancing the affairs of all investors. The statistics for VezGroup is pretty good at this moment with a current membership of 2013 members and this number continues to increase steadily.
VezGroup is sticking to its steady paying VEZ FOREVER PLAN which pays 2.4% Daily Forever, this plan allows compounding and return of all initial deposits at the end of 8 Weeks with an initial deposit of 20 USD whilst 20,000 USD is it’s maximal investment limit, with the Vez Forever Plan you are allowed to cash out your profits daily, all cash out request are manually processed at request within a 5mins to 24hours time frame. Also, our program is designed in a way that no one is left out; VezGroup pays 5% Referral commission of all deposits made by your referrals.
Our program has been constantly paying all members this has lead to the tremendous support from clients, we are saying thanks at this point to all members whom has been so supportive, some bonuses where sent out to some of you, this is to encourage you, we give you our word, VezGroup would grow to becoming the best and most stable HYIP in this industry soonest, we will not be in a hurry to get there but we shall definitely be there, you have no regret to remain with a great management site like ours.
As for our support, our live support are always online 8 hours a day to answer all your online inquiries, our project manager (admin) is also available in some major financial forums to give a quick updates and support however, email support remains the best means to reach us.
Members read through our interview and review with major financial blogs, get more informed and that your next step, we wish everyone a profitable ride with VezGroup. Keep checking your inbox for more updates regarding our program.
Again, Thank you for being with us!
Regards. Public Relation Manager
VezGroup Team”.

I have received my payments today from the following programs:
AirlineFinance, InvestAward, BukInvest, BookmakerOffice, InWolton, OnyxInvClub, TrumpForexClub, RedOrchidInvest, MoneyTree, CherryShares, KaizenPortfolio, EarnForexProfit, FxCrudeOil, PrivateDiamondClub, YesInvestment, GoldenInvestment, EzProfit, GroupUniversal, EForexTrust (the first payment received) and CashMiner (the first payment received).

Don’t forget to check out my blog tomorrow for a detailed review of a pretty interesting new program called CashMiner as well as all the hottest news stories from anywhere in the industry. See you tomorrow, guys!