23/10/2010. MoneyPallas Review and Daily News from the Industry

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

Hi everyone! I hope your all having a good Saturday so far and are enjoying your weekend in general, whatever it is you like to get up to. I spent a good part of the day on the train from Budapest to the Garden City of Timisoara. It’s going to be the last border I’m going to cross before returning home but I’m still looking forward to a couple of weeks vampire hunting in Transylvania. OK, I’m just a sucker for Halloween!

Anyway, as promised yesterday I want to take a closer look at a recently launched short term (yes, another one!) HYI program called MoneyPallas. It was added to MNO monitoring during the week and I can now confirm that the first payouts on expiry have been completed successfully from the first of the program’s three plans. Payments were made pretty quick as well by the way.

This first plan runs for a term of 5 calendar days and is open to a minimum deposit of $10. In return for that MoneyPallas are offering a single payment of 110% to be made on expiry, principal included. So for example $100 invested here gets you $110 back on request five days later. Simple, eh? Maximum deposit is a relatively conservative $1,000. I imagine that’s more than enough for most people anyway, though I suppose if not you can always deposit more than once. Or better yet, split your deposit among the other plans for a higher, if decidedly riskier, gamble.

MoneyPallas‘ second plan runs for a longer term of 15 calendar days this time and costs a minimum of $20 to join. Payouts are again only made on expiry but this time amount to 150% of your principal. So the same $100 invested here would get you back $150 on expiry. Maximum spend also goes up to $3,000 this time. Not quite the tens of thousands accepted by some programs, but again, how much do you really need?

The third and final plan runs for a term of 25 calendar days. The minimum investment is $50 and payments of 200% interest including your principal is paid on expiry, effectively doubling your money. Maximum spend is $5,000. Personally I’d avoid this one. I mean obviously it is the most profitable but not to the extent that it’s worth such a greater risk. It would for example be almost as god if you joined the second 15 day plan twice rather than joining this plan once. It’s just a matter of personal opinion of course, so don’t let me stop you. But it’s just how I view the risk versus the reward and then consider how best to change the odds in your favor.

When it comes to HYIPs in general, but particularly short term ones, the million dollar question everybody wants answered is “how long can it last?” and truth be told nobody knows. The first person tho know this will be the admin, and that most likely won’t happen until a matter of hours before he decides to close. But the reason I bring this up is because there is one other program with almost identical plans to MoneyPallas and they’ve been running without any problems for just over two months now. I don’t like to mention the names of other programs in reviews lest somebody think I’m implying that the same admin is behind another program, but I just feel it relevant to cite this example of the plans because with the right factors falling into place there isn’t a good reason why MoneyPallas can’t do the same. I can’t say that it will happen, only that it’s easily possible. And keep in mind that the returns may at first glance look unattractive compared to those offered by similar short term schemes, but in actual fact this only makes them more sustainable as long as they are properly managed.

If joining MoneyPallas then your choice of payment options will be between LibertyReserve and PerfectMoney. Payments are made manually so you’re going to have to log in and request them. The admin asks you to allow up to 24 hours for the transaction to be processed, but as I said at the start my own was processed pretty fast when I asked for it earlier today.

The MoneyPallas website has a beautiful design, is running off a modified licensed GoldCoders script, is hosted on a dedicated Staminus server with support and protection from Koddos and features an SSL encryption for safer browsing. Any further questions for the admin can be submitted by filling in your details in the support ticketing form on the contacts page, or if its online there is a Live Chat support feature too. I don’t know the schedule they keep, but I can tell you it works and isn’t just there to look nice like so many other online HYIPs do.

Texts appear for the most part original so there’s an extra point for the admin there, just for making the effort and avoiding the same templates used a dozen times or more in the past. Nothing grabs the attention quite like originality, and I think we can agree how vital first impressions can be in an increasingly competitive short term HYI market. Little is offered in the way of hard evidence mind you to back up the claims that MoneyPallas are somehow involved in the ForEx market, so best treat them with the same caution and trepidation you would any high risk online game. I especially urge you to disregard any mention that your investment carries “no risk” and that your principal is guaranteed. It isn’t (except possibly for the admin). Even if MoneyPallas are really involved in ForEx trading I tend to doubt it’s the profitable activity they say it is.

So use your head, don’t get greedy, base your investments on what you can afford rather than what you would like to earn, and remember to keep it fun! There’s plenty of short term options around at the moment but you may still find room for MoneyPallas in your portfolio as part of diverse list.

DAILY NEWS FROM THE INDUSTRY.

You might remember that a couple of days ago EarnPlaza (reviewed here) celebrated the successful completion of its first month online. There were more surprises announced by the admin of the program Matt (interviewed here) which are now live. They include some changes in the layout of the EarnPlaza website with a testimonials page added and cheerful images depicted. Apparently this is all aimed at making EarnPlaza more attractive to potential investors which would like to make their deposits via AlertPay, LibertyReserve and PerfectMoney to the three plans available: 110% after 5 days, 130% after 10 days and 160% after 15 days. In addition to some cosmetic changes there were two more phone numbers added which is aimed at providing phone support in other languages – Spanish and Italian – in addition to the already available English and Russian support. These changes accompanied with the speedy payouts and fast support makes me think that EarnPlaza is on the right track to become the “Next HYIP Short-Term Industry Leader” – like they managed to brand themselves now on the website. This week there will be changes in ref commissions that will be reduced from 10% to 5% and also the members that will invest in any of the plans via LibertyReserve at least $333 and more will get a 5% bonus to their investment from Matt. With more bonuses and updates here is the latest newsletter from EarnPlaza:
“Hello. I hope you have a great weekend. As you can see we have updated EarnPlaza website. I really hope that you all with enjoy those changes. We have added feedback section, so I hope that members who enjoy their profits with EarnPlaza will leave some feedbacks about us. Feel free to send your feedbacks to support. Thanks.
As I promised some time ago we have added more phone support numbers. From now we have English, Russian, Spanish and Italian languages phone supports:
English – +1 646 3511232,
Russian – +7 495 6486000*270
Spanish – +1 646 3511243
Italian – +1 646 2132852
I have mentioned that anniversary special was really popular among investors so I have decided to announce a new weekly special. This week we’ll have LibertyReserve Week. Deposit at least $333 via LibertyReserve and receive 5% bonus on your deposit. More weekly specials and more new features coming soon at EarnPlaza.
Well, thats all for today. All payments processed as usual, have a great weekend and see you all soon.
Just missed one thing at #13 EarnPlaza newsletter. We have announced new weekly special so from now referral commission rate is not 10%, now its 5%. So please all monitors update your listings. Thank you
Best regards, Matt Powell
EarnPlaza Support”.

I have to move TradersPower to Waiting status on MNO tonight and am doing so because the program stopped paying a couple of days ago and I have three pending withdrawals now. I haven’t received any reply to my support ticket from the administration of the program yet so I have to assume the worst. Of course I will let you know if TradersPower is back to Paying status on MNO soon. But for now any new investments there are not recommended.

I just found out that YesInvestment (reviewed here) is now offering a promotional and limited plan paying 7% for 18 calendar days. Your pure profit from the plan (you can only invest in it via LibertyReserve) will be 26% but please remember that the investments into this plan are only accepted in the range from $5 to $100. Therefore, it makes me think that this plan is not a hype or some attempt to get more money before scamming but rather a genuine promotional trick which is aimed at popularizing the program among prospective investors. Of course the ultimate goal would still be to draw your attention to the regular plans offered by YesInvestment which are: 0.8%-2% daily forever (daily payouts), 5% for 365 days (single payout on expiry) and 7% for 180 days (single payout on expiry). The last two plans are not recommended by myself as you won’t be paid anything until after the plan expires which may never happen anyway as despite the huge returns promised it simply cannot be logically sustained and I bet that those who invest the money into the on expiry plans will not receive their profits (remember that very similar plans were on offer in EzProfit and those members who got greedy and invested in them never saw their profits back). But as for the currently offered medium-term plan which will be limited in time as far as I can understand from YesInvestment it’s very likely to make a profit for members. Here is the recent news announcing about the introduction of the new plan for the members of YesInvestment – quite an achievable and sustainable plan in my opinion:
“YES Promo plan launched.
We pay 7% Daily for 18 Days in YES Promo plan. Principal deposit and interest are GUARANTEED! This plan will be closed once we reached the investment limit.”
By the way, it looks like YesInvestment is getting more popular among MNO readers already as today it’s achieved #2 in my rating of the programs listed on my monitoring page and is now only behind CherryShares (based on the total profits+referral commissions received from the program).

I have been paid today from the following programs:
YesInvestment, UniteTrade, DigitWallet, EuroInvestOnline, BrilliantsInvestment, FundsOMatic, GloTrade, OilStructure, EarnPlaza, YamaFinance, Vodapex, ReProFinance, Flamanta, FenixTrust, UnitForce, OptimumPride, PandaTrade,  OrderDollar, MoneyPallas, WorldPrivateFunds, CherryShares, GainBucks and GWDConline (the first payment received).

That’s all for today, guys. Have a good weekend and hopefully I’ll see you on MNO tomorrow with the review of a new interesting program with conservative returns GWDConline. Stay tuned and be ready for more interesting articles on MNO soon!