BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!
Hi everyone! Hope your weekend is going well so far. As is usually the case there’s not so much news to report for Sunday so it’s just as well I’m spending the afternoon relaxing on the train through some of the most incredible scenery in Europe here in Sweden, watching the forests and the lakes from my window as I journey towards Ostersund. While I’m doing it though I want to take the opportunity to tell you a bit more about one of the latest additions to MNO monitoring – a mid to long term HYI program called GlobalTradeManagers.
First of all it’s a new program. To be honest there’s little to distinguish it from the thousands of others on the net at the moment in terms of the potential earnings you might take from it but it is a very well designed and professional looking website. Plus the fact that it’s new means we all have a better chance to profit from it. If you decide to join then there’s four plans to choose from. Two that make daily payments and two that pay on expiry. All of them though have very affordable minimum deposit levels.
So considering that they’re usually the more popular plans (even if slightly less profitable) I’ll begin with the daily payment options. The first of which is called the GTM Basic Plan. This one runs for a term of 40 calendar days and is open to investors willing to spend a minimum of $20 and up to the relatively low maximum of $5000. In return GlobalTradeManagers offer you daily interest payments of 3.5% per day. As your principal is counted as part of the daily payments this means you can break even after 29 days and finish up with a total return of 140%, or 40% profit.
The second daily payments plan from GlobalTradeManagers is called the GTM Standard Plan and it runs for a term of 60 calendar days. The daily interest rate drops slightly to 3% which means it takes you a little longer to break even – 34 days – but ultimately you finish with a higher profit. The minimum spend is $50 and the maximum is $12,000. The final return is 180%, or as the principal is already included then 80% profit.
Obviously the higher returns on the Standard Plan make it look a lot more tempting but consider first that if you are looking for a faster profit then 29 days into the Basic Plan you break even. It takes 5 days more to do so in your Standard Plan so despite the final return being bigger you’ll need to wait longer before you see it.
But if patience is one of your virtues then take a look at GlobalTradeManagers payment on expiry plans. The first of these is called The GTM Advanced Plan. This one is open to deposits starting from $20 and up to a maximum of $7000. The plan itself runs for a term of 40 calendar days and your final payment on expiry will be 155% which includes your principal.
GlobalTradeManagers fourth and final plan is called The GTM Premium Plan. This one runs for 60 calendar days and again just makes the one single payment on expiry. Deposits start at a minimum of $50 and go to a maximum of $15,000. Payments already include your principal and will be of 201%.
Payment options at the moment are restricted to just LibertyReserve and PerfectMoney. As I’ve said so many times before there’s nothing wrong with either but all transactions are final so if you have any dispute with the GlobalTradeManagers admin regarding payments then don’t bother asking either of them for help. I know most of you know that already but newbies take note. Payments are made by the admin manually so need to be requested. Minimum withdrawals from GlobalTradeManagers is $1 and you are asked to allow a maximum of 48 hours for your payment to be completed.
As I said at the beginning the GlobalTradeManagers website looks very smart and professional, and the security is up to a reasonable industry standard as well. Koddos are the hosting providers and they have the program on a dedicated Staminus server. The site is protected with SSL encryption for a little extra peace of mind while the script is licensed by GoldCoders. Any further questions can be put to the admin via a number of different e-mail addresses, each one dedicated to a particular issue, or by submitting a support ticket by filling out the form provided. There is a Live Chat function but nothing to indicate when (if ever) it’s in use.
There’s more than just that however. GlobalTradeManagers also have a telephone number if you’d like to try that and also a postal address which is part of their registration as a company in the UK. You won’t actually find anyone there if you call as it’s just a virtual office. If you didn’t already know MNO is also a registered company in the UK with a similar office address, by coincidence quite close to that of GlobalTradeManagers. But it doesn’t licence me to offer financial services so don’t take any of what you read too seriously. Ostensibly the business behind the program is ForEx and stock trading, however despite the professional appearance and the original texts little evidence is provided. So best to treat them like the online HYIP they function as. Might be ok for a few bucks as part of a wider portfolio whilst not forgetting the risk involved so keep it sensible as well.
OTHER NEWS FOR TODAY.
Thanks for voting in my latest poll, guys, and it’s clearly visible now that the majority of readers preferred the old monitoring page over the new one. I respect your opinion but please be aware though that there is no turning back at this point and my new monitoring will stay the same and will only be improving with time. The reason I introduced my new monitoring is simple enough – I want to have more features including the voting feature which can be provided only by the script. In addition, I want to save time and so I can concentrate more on the news. It’s easier for me to keep the new page updated than the old one, so changing back is really out of the question. From now on the MNO monitoring will be script based rather than just on HTML-code which is more time consuming. Please note that if you have some constructive criticism and friendly suggestions on how to improve my monitoring you can write to abramsonp@gmail.com and let me know your suggestions. I also noticed that my recent poll was abused by one person submitting many negative options regarding my new monitoring so I guess the real results can’t be considered as accurate there is no need to make them public. So please respect the rules of the polls to avoid me from banning them next time.
Anyway, the idea for the new poll that is currently running is simple enough and was suggested by a regular reader Rikel on my Shoutbox. And the question he suggested will sound like this: Which of these five programs do you like the best? So as you might have noticed recently after yet another wave of collapsing short and medium term programs there is more interest from investors in low-ROI programs that have been online for quite a while. And if the new promising programs like Flamanta (reviewed here) and YamaFinance (reviewed here) are still have to establish themselves before the investors put their trust in them, other programs are getting much more attention by attracting new members every day by stable payouts and not very frequent updates.
I’m talking about CherryShares (reviewed here) and OilStructure (reviewed here). They both managed to gain enormous popularity among investors and keep going smoothly without any significant issues. Another quite new program that deserves to be on that list is FundsOMatic (reviewed here) which has become widely known mostly because of admin who is quite well known in the industry having previously run a successful online program for over a year where everybody ended in profit. The fourth program which I believe has very good potential is InWolton (reviewed here) which is paying daily variable interest rates for 50 business days with the principal back on expiry. It’s organized in a very interesting way where the shares can be bought and sold by the investors. The last program which I believe is worthy including in this poll is RedOrchidInvest which offers many different plans thoroughly described in my review (published here) and which is running for many months already. So you’re invited to choose one low-ROI program which you like the most and vote for it in next week’s poll that is available under my Shoutbox. If you prefer another program which is not listed in Top 5 which includes CherryShares, OilStructure, InWolton, RedOchidInvest and FundsOMatic then simply ignore this poll and wait for the next one. I would like to thank you for voting in advance and would like to ask not to cheat this time as those votes which I find suspicious will not count. I’m aware that the admins of the afore mentioned programs might take this poll a bit too seriously seriously and send some paid voters to submit more votes for their programs but I advise against it. Please remember that the program with the most amount of fake votes will be excluded.
A recent scamming attempt caught my attention recently which was undermined by the administration of GoldenInvestment program (reviewed here). As you might have noticed the program has achieved quite a high position in my ranking by paying daily for a long time. However, some of the plans which the program just introduced recently are kinda tricky. For instance, for 17%-25% for 45 days you will be paid only on expiry but the description of the plan doesn’t specify this directly. But this only the tip of the iceberg as it’s perfectly ok if the program is paying. GoldenInvestment though tries to scam here as well because yesterday I received a complaint from one of my referrals which was taken very seriously by myself. Accepting his deposit perfectly fine via LibertyReserve the program refused to pay him to LibertyReserve claiming it was such a big amount it could be allegedly processed only by Bank wire or check. Please be aware that this was never mentioned in their FAQ section.
After the interference of MNO the admin of GoldenInvestment told me that he cannot process the withdrawal due to some money laundering regulations and that the identity of my referral should be confirmed by sending a letter to his postal address. Well, GoldenInvestment is just a regular online HYIP which is not licensed to provide financial services by any regulatory body. Any mention of money laundering is simply hilarious as the program only accepts LibertyReserve, a payment processor that is totally anonymous and doesn’t require any verification. So if anyone is to be accused in money laundering than it’s GoldenInvestment themselves. We all know what we are dealing with and I simply cannot buy such excuses which are just obvious scam tactics from HYIP admins used for one single purpose – not to pay money to the investors. This behavior is simply inexcusable at this point and I’m currently waiting for their reply in order to process a payout to my downline. In case it will not be done within the next 24 hours GoldenInvestment will be moved to Problem status on MNO and all further investments in this program will not be recommended due to selective payouts and scamming nature of the program.
To the administration of any program: please respect your own rules and pay in time with no excuses. Only then your program will be attractive for investors and not the other way around. To any investors depositing under my downline: please be aware that any attempt by an admin to scam you will be taken pretty seriously by me and that you should expect preferential treatment and all the help you need. Please be aware that on confirmation of your issues with payouts any program listed on MNO will be moved to Problem status due to selective payouts so don’t be shy to complain! I hope that the administration of GoldenInvestment still appreciate the remains of their reputation and will pay to my referral. Considering that the same administration team are also running EzProfit and YesInvestment such bad wording will not help those either. So I still believe that the issue with GoldenInvestment will be solved in a positive way and I will report the outcome tomorrow when I decide on the further status of GoldenInvestment on MNO.
Apart from that there’s not much else to report today. As you know Sunday is usually a quiet day in the HYIP industry and and I will just let you know which programs paid me today:
FundsOMatic, GlobalTradeManagers, Biffalo, OilStructure, GoldFinanceCorp, OptimumPride, InWolton, UniteTrade, BullInvest, EzProfit, YesInvestment, SeatRonacs and CherryShares.
I will be back to you by tomorrow with the latest news from the industry, so stay tuned and see you then, guys!
Filed under Daily News, Reviews by on Aug 8th, 2010. 5 Comments.
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