04/07/2010. FluxRates Review and Other News

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

Hi everyone! First off I want to start by wishing all the American readers of MNO a happy Fourth of July weekend! Hope the celebrations are going well for you and you are enjoying it all so far. Typically for a Sunday there’s a bit less news than usual to report on, yesterday was quiet as well, but of course anything that’s worth knowing is at the end of the page. First however there is another short term program called FluxRates that was recently added to the MNO monitoring page that I would like to tell you about in a bit more detail.

There’s just the two plans to choose from in FluxRates and despite shorter term programs not currently being in favor with investors the fact that both plans make daily payments will probably make it a bit more popular. There is however one unique aspect that sets FluxRates apart from most other short term programs which is the fact that one of the plans makes variable payments. Usually that would be a positive (if occasionally unpopular) thing as it helps the admin run the program for a longer term as he’s not always committed to meeting interest rates he may sometimes struggle with. At first glance the difference may not look all that big but keeping in mind that your principal is counted as part of the payments then it’s a bit more significant.

The first plan, Plan One, is where we find the variable interest rates. It’s open to deposits from a minimum of $10 to a maximum of $3,000. The plan’s duration is 20 calendar days and during that time FluxRates offer you a daily payment of anything from 5.5% to 6.5%. As they’ve only been online for the last two days it’s impossible to say how much you can expect on whatever passes for a typical day in this business anymore but the bare minimum you should expect by the plan’s expiry is 110% and the maximum is 130%. Or to put it another way if you invested $100 then FluxRates would pay you back from $5.50 to $6.50 per day meaning that your total profit could be anything from $10 to $30.

If you want something a bit more stable, and despite the lower interest rate it runs for a longer term so it should still be more profitable, you can look into FluxRates‘ second plan. The minimum investment goes up to $50 this time with a $10,000 maximum. The term runs for 30 calendar days and the rate of interest is fixed at 5.6% per day. Your principal is included as part of the payment so again it’s really not as much as it looks at first. At that rate you would break even after 18 days and finish with a total return of 168% (68% profit).

That’s all well and good and relatively sustainable in online HYIP terms provided there’s a fair level of support behind the program from investors. Time will tell if that’s the case here of course but thing that may limit FluxRates‘ appeal among investors is their limited choice of payment processors. For now it’s just down to LibertyReserve and PerfectMoney so if you do end up losing money forget about asking either of them for any help. On the other hand you can also take that as the motivation for keeping your investment at a responsible and affordable level. Payments are made manually and will need to be requested. The admin asks for up to 24 hours to get everything processed.

Koddos are the hosting provider and they are keeping FluxRates on a DDoS protected dedicated Staminus server. The script is not one of the usual generic models but rather a custom designed one. Members accounts are protected with SSL encryption as verified by Comodo. Communication with the admin if necessary is available through an online e-mail based support form.

Texts are not original so that’s enough to immediately disregard any claims that FluxRates is any kind of a real business. The homepage says they are ForEx traders but you’ll find the exact same word for word phrasing on some other HYIP related websites. Of course had it been original I would have been skeptical anyway so I’ll not make that big a deal out of it. I’d also put it down to the designer and not the admin so I wouldn’t go linking him to any other online HYIPs based on this alone. But nevertheless you always need to keep your investments at an affordable level and always as a smaller part of a wider investment portfolio.

OTHER NEWS FOR TODAY.

The admin of SevenStarProfit (interviewed here) assured investors today that the temporary block on their AlertPay account which led to them opening another one will not affect the program’s performance. They have been paying fine for 13 days now and payments from two investment plans have been successfully processed already (17% for 7 days and 117% after 4 days) while the first payments from 180% after 15 days plan should be processed in a couple of days. For the good job by paying to everybody and even displaying the payment proofs on his site regularly the admin of SevenStarProfit John only asks that members vote for the program on forums and monitors in return. I think it’s a fair deal provided that SevenStarProfit (reviewed here) might be the next big short-term program. Well, I’m not sure for how long it will continue but at least we have a dedicated admin who is ready to make an effort in running a decent short-term program during this low season for the HYIP industry. Here is the latest newsletter:
“Dear members,
Welcome to SevenStarProfit six newsletter.
Today is our 13th day online. Some of you were negative about us at the start but now I think you already understood that if you invest with SevenStarProfit, you’d have a good chances to earn some profit. Well, to demostrate this or how much our investors earn, a few days ago we have added Payments Proof page, you can open it here:
https://sevenstarprofit.com/index.php?a=cust&page=payments_proof
I now updated it so you can see some good withdrawals for today and yesterday. We are not promising anything to you, you see? Only stating the facts. Thats how we’re going to be different on a broad way of hyip programs. Not promising, only doing.
Concerning AlertPay account block. Well, I was on a business trip when it happened. Want to thank my assistant who solved this problem by opening an additional account. It’s taking time to contact AlertPay support representatives, you know. So it’s best for us to just use another account. Because no one would wait two or four weeks to resolve this normally. Anyway there weren’t much funds so there is no need to worry about SevenStarProfit cashflow. We can handle this.
Please do not forget to support our program on monitors (still not much votes):
Gold Poll – http://www.goldpoll.net/details/15798/
GS Monitor – http://gsmonitor.org/details/3186/SevenStarProfit/
And forums (we need more payment proof posts on all of them, please spend your time and post):
http://www.dreamteammoney.com/index.php?showtopic=101802
http://www.talkgold.com/forum/r296963-.html
http://www.moneymakergroup.com/Sevenstarprofit-Sevenst-t350886.html
http://money-news-online.com/forum/viewtopic.php?f=9&t=261
After you have received a payment, please go and post your withdrawal proof at least on ONE investment forum that you read.
Now when I’m back from a business trip, I’m promising you even faster withdrawals than last couple of days.
And let’s enjoy summer to the fullest!
Regards, Your admin John Smith”.

As you might remember I ran a poll during the week asking you what your plans were during this slow season for the HYIP industry. The results were interesting as over 50% of the readers (53% to be precise) said they are leaving the industry for good or for a few months at least. While I can understand this position as most would have been at a loss from recent HYIPs. However in the long run it might be very good for the renewal for the HYIP industry in general as the older more experienced players usually too smart to hit-n-run and therefore accidentally reduce the programs’ lifespans will be replaced by those who are quite new and are ready to reinvest and attract more new people in these games that will surely lead to the longevity of the HYIPs and the general recovery of the industry eventually.

Those (25%) who chose the second option – invest only the minimum now and wait for a total recovery which will definitely come soon (I have no doubt about that) – are the smartest players in my opinion. They will still be reading MNO and participating in HYIPs but at a lower, more manageable level for them which will help them to identify the next big HYIPs that will dominate the industry come autumn when supposedly things should pick-up and get back to normal. Those guys will be ready for the recovery most of all and their participation though at a lower level now will give them a huge advantage when the things are back to normal.

The third category is those whom I call “players” as they will play HYIPs regardless of what the situation in the industry would be (the rest 22%). From one side it might be not a very wise approach, but on another hand those investors are the backbone of the industry and they offer grounds for developing good programs and will be the first to invest in them. Believe me as it’s also a worry-free approach as by treating all HYIPs as games or casinos and accepting you can win or lose you are protected from nervous break-downs and from selling a car and a house in order to profit from HYIPs. This approach should be used by more investors in my opinion as earning on a consistent basis from HYIPs is simply impossible as there are always more ups and downs than any other online and offline business.

Thanks to all who participated. The next topic will be: What payment processor do you use more often? The possible answers will be: LibertyReserve, PerfectMoney, SolidTrustPay and AlertPay. I am aware that I already used this question before but at the moment the situation in that market has changed a lot and I would like to know your take on the most popular payment options now. I think this will also be food for thought for HYIP admins as well. The poll will start tonight and the votes will be tallied next Sunday night. Thanks again for your active participation!

Here is the list of the programs that paid me today:
BookmakerOffice, GoldCollarInvest, OnyxInvClub, SevenStarProfit, FundsOMatic, YesInvestment, GoldenInvestment, EzProfit, FluxRates and CherryShares.

That’s it for today, guys! Tomorrow you will be able to read my interview with the admin of InWolton (reviewed here) which I consider one of the hottest picks now and of course the latest news from the HYIP industry. Stay tuned and always stay on the money with Money-News-Online!