07/11/2011. ExtraDeposit Review and Daily News from the Industry

Beware! ExtraDeposit has stopped paying! Do not invest there!

Hello all! After the weekend, which I hope went well for you all, it’s been a slow enough start to Monday so far with not too many updates to get through. I’ll move onto that in a moment in the news section after I finish going over some of the details about ExtraDeposit for you, a brand new HYIP added to my monitoring page just after it was launched last Friday. It’s a short term program hosted by AntiDdos, however ExtraDeposit is also very different from the style of HYIP normally associated with that hosting provider.

Rather than any ultra short term on expiry plans what ExtraDeposit have to offer is a series of more moderately termed daily payment options, though naturally the risk is still high whenever the reward is too. But as you can join the program for a $10 deposit minimum then the risk is entirely what you make it yourself.

So for the first option which takes deposits of that $10 minimum ExtraDeposit are offering a daily interest payment of 7.5% per day for a term of 20 calendar days. These payments will include your principal so once the final payment is made, that’s the end of it. So for that rate you can expect to break even after 14 days, and after that it’s all profit. The final return should come to 150%, which is your own money back plus 50% profit. Maximum spend is $500.

For a larger deposit ExtraDeposit‘s second plan, which also runs for a term of 20 calendar days, is open to deposits over $500 to a maximum of $1,500. It works the same os the previous option, making daily interest payments that include your principal. Except this time the rate goes up to 8% per day. For that you would break even after 13 days and finish with payments totaling 160%, from which 60% is net profit.

If you deposit between a $1,500 minimum and a $3,000 maximum the third investment plan sees ExtraDeposit offer 10% interest per day for 20 calendar days. For that you can break even half way through the term and finish the term with a total payment of 200%, or double your money.

After that the remaining two plans are really for the bigger spenders, with the fourth plan taking deposits between $3,000 and $5,000 only. The term remains 20 calendar days with ExtraDeposit offering a daily interest rate of 12%, principal included. That allows you to break even after 9 days and finish up with a total of 240%, or 140% net profit on top of your own money.

And finally for a spend of $5,000 upwards (and no maximum) ExtraDeposit offer 15% per day for 20 calendar days principal included, allowing the investor to hopefully break even after 7 days and collecting 300% in total, or 200% in profits.

Payment options are pretty much limited to the bare industry standard minimums with ExtraDeposit accepting – predictably it has to be said – LibertyReserve and PerfectMoney only. So no refunds and no questions asked if things don’t go your way further down the line, ok. No problem with that, just let it be a reminder to stay within a sensible spending limit. Anyway, payments will need to be requested from within your members area. Occasionally payments are instant meaning they appear in your account within seconds of the request. Other times they’re made manually with the ExtraDeposit admin asking you to allow up to 24 hours for payments to be completed. It’s not specifically mentioned as to when instant payments are available and when they are not, but most admins will have to turn them off from time to time anyway, for reasons such as security concerns, the need to replenish accounts, on so on.

As already mentioned at the start of the review the hosting provider being used by ExtraDeposit is AntiDdos. They are keeping the program on a dedicated server and their track record in this area hasn’t really had any serious problems that I’ve been aware of. The website is running off a script under license from GoldCoders and is fully SSL secured in both public and members account areas. If you need to contact the admin then ExtraDeposit support is available by filling in the e-mail ticketing form on the contacts page.

Texts are a straight copy/paste from older HYIPs so therefore needs to be ignored. For what it’s worth the activities listed as the business interests of ExtraDeposit include such typical admin favorites as ForEx, stocks, indices, real estate and arbitrage betting. I don’t know about you but I’ve yet to deal with an investment firm who listed gambling as an investment, and I doubt very much this is one either. So as is always the case in the HYIP business don’t waste your time looking for guarantees, set yourself a modest spending limit and stay within in no matter how tempted you might be to try for a bigger payout, and remember that a diverse portfolio will help protect you from heavy losses if one of your selections should close unexpectedly.

DAILY NEWS FROM THE INDUSTRY

There is no doubt now that NeoProgress has turned into a scam selectively paying only to monitors. Apparently the admin quite blatantly lied when promising that payouts would resume on Monday. It’s Monday now and the admin is still silent while the payouts are still pending. With a lot of complaints about confirmed pending payouts for 3-4 days I simply cannot see a way for NeoProgress to survive and in my opinion the recent activities everyone could see on the website last week was a final attempt to bring some attention to his program before pulling the plug. Please note that some monitors might still display Paying status for NeoProgress simply because they are paid as usual, but don’t let this mislead you as regular investors are not being paid. Another bad sign is that the admin stopped replying to these complaints. All this means that NeoProgress is turning into a scam after many months of good work. Sad that they were not able to survive the slow period in the HYIP industry and I’m really sorry to see them go like this!

Some good projects like HyperCompound aren’t showing any signs of slowing down though. They keep updating their website with new language versions to attract more attention from as many investors as possible from every corner of the globe. Today the admin (read my interview with him here) announced the addition of another version – Hindi. Now the site is available in 12(!) languages done by professional interpreters – English, Spanish, Italian, French, German, Portuguese, Hungarian, Russian, Chinese, Thai, Indonesian and Hindi. This is quite an impressive feat, and together with instantly processed payouts to LibertyReserve and PerfectMoney for a minimum deposit of only $1 it makes HyperCompound a real success with investors. The program has quite an interesting investment plan paying 1.5%-3% + bonus interest for 100 business days with principal returned on expiry which was discussed in detail in my review published here. This is the latest update from the website:
“HyperCompound website is now available in Hindi
We are pleased to announce that our website is now available in Hindi! More languages will be available soon.”

Here is the list of the programs that paid me for the last 24 hours:
KistFunds, FinMarks, LightWaters, BaseBucks, ExtraDeposit, HyperCompound, SingInvest, SolidForexLtd, VirtualPayments, ReProFinance, StableProfit, PokerProfits, BonusPayMe, PaidJack, TopsFund and OneInv.

That’s all the news I have for you today, guys. See you on MNO again soon!