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

Hello everyone! First off let me say that I hope all US based readers had a wonderful holiday with their friends and families for Thanksgiving today. I know it’s not celebrated internationally or anything, but it doesn’t hurt the rest of us to stand back and consider the good things in our lives (of which there are many) especially with so much strife in the world today. So if you’re not sleeping off the turkey or getting ready to hit the infamous “Black Friday” sales tomorrow then I hope you’ll find something of interest for you in today’s industry news update. Before getting to that however I want to take a closer look at ForexReflex, a brand new medium-long term program that only opened a few days back. I have to say that while there’s definitely been an appalling lack of high quality programs in recent times, there’s actually been a small number outstandingly original programs as well that are in prime position to really dominate the industry once the current downward trend turns around in the new year. And ForexReflex looks like it could well turn out to be one such program. I mean I’m not predicting it myself or anything but it’s not difficult to pick out the ones with the biggest potential, and this is certainly among them. So let’s see what they’re all about and if you think they might be worth gambling a few bucks on.

ForexReflex have four investment plans in total, and while the numbers joining two of them will probably be limited appeal due to the high minimum cost of joining, you can still get involved for as little as $1. So there’s definitely some mass appeal to the program as well. But I think something that’s at least equally if not more important than keeping the plans affordable for online HYIP players is to find the right mix of profitability and sustainability – ie you can make money from it but smaller payments for a longer term, ultimately making ForexReflex a more attractive prospect. Assuming it all works out the way we hope it does that is.

The shortest and most affordable option is called The Titanium Plan and it runs for 15 business days (three weeks). All you need to join this one is just a single dollar ($1) though you may if you wish invest anything up to a $100,000 maximum. During the course of the term ForexReflex will pay you a daily interest rebate of 1.5% every day from Monday to Friday. That will add up to a grand total of 22.5% and that will be your net profit as your initial principal will then be returned. Perhaps not the highest paying short term plan on the net at the moment but one thing you need to remember is that as we enter a period when traditionally there’s a lot less money floating around the HYIP industry it’s more important for admins to be more responsible and only offer payments that they can realistically come up with. That’s why it’s better for you to go with a program that can actually deliver what they promise as opposed to promising the sun, moon, and stars only to collapse when they run out of cash during the first cycle. So as long as it’s managed professionally (and yes, I do know that’s a totally unpredictable factor) then ForexReflex can easily out perform its peers with this one.

The remaining three investment plans see ForexReflex focus more on medium to longer term options. Their second option is called The Palladium Plan and runs for a term of 30 business days (six weeks). The minimum deposit required to become a member here is $100, which while I know is affordable to most of you is still going to get more serious players than casual ones. At least until ForexReflex can establish a decent reputation for themselves anyway. So during the course of the plan you are offered a daily payment that will vary between 1.7% and 1.9% per day, made from Monday to Friday. Some folks may not like the idea of not being able to come up with an exact prediction of what they will earn from a program right from the day they join, but I’d have to disagree. It’s not a bad idea to fluctuate the payments, especially at this time when money is a bit more scarce for a lot of people. By not making a definite financial commitment that he might regret later if he has problems in meeting it, the ForexReflex admin can extend the life of his program greatly. We all have good days and bad days, so he pays you a little extra when he can and a little less when things go quiet. It’s a matter of simple economics and it works. Final payments should add up to something between a bare minimum of 51% and 57%, which is your total profit as ForexReflex again return your principal on expiry. I’ll take a wild guess and say your final profit will probably be somewhere around the middle but we’ll see how things work out for them. Maximum spend is $100,000.

The concept of varying the daily payments to reflect the ongoing fortunes of the company is continued in the remaining two plans, though these ones are definitely for the more committed HYIP players. If we look at the third plan for instance – called The Gold Plan – it requires a minimum investment of $1,000 to join. It runs for a term of 60 business days this time (12 weeks) and offers members a payment rate between 2% and 2.4% per day, paid from Monday to Friday. In this instance you will break even after a minimum of 50 payment days (though probably faster) and finish up with a final net profit somewhere between 120% and 144%. ForexReflex will then return your original investment and the maximum spend remains at $100,000.

And finally we have The Platinum Plan which I’ll just briefly mention as it’s going to set you back a $5,000 minimum if you wanted to join it, so obviously it’s not for everyone. The plan runs for 90 business days (18 weeks) during which ForexReflex pay you anything from 2.2% to 2.8% from Monday to Friday. On expiry your principal should be returned and your final net profit could be anything from 198% to 252%. Maximum spend is still $100,000.

One other thing you’ll need to know about the investment plans – and please pay close attention to this one because it’s extremely important – is the use of compounding. I’m no great fan of the practice myself though ForexReflex do make the option available for anyone who thinks otherwise. The thing is that it’s already fixed at 100% by system default when you make a deposit, so please be very very careful to adjust that number manually first to something you feel is more suitable to yourself.

And the other thing obviously is the payment options, which have improved greatly as of today. ForexReflex initially only took LibertyReserve as an online processor, though direct bank wires are available too so contact the admin for details if you’d prefer that option. There is an AlertPay account as well however, and the admin has finally completed their verification process and has now added that to the program too. As it stands (and I really don’t know if this will ever change or not) you will need to make a minimum investment of at least $100 if joining via AlertPay, so do be aware of that before you join. More good news for investors is that payments are totally automated. Once you deposit in ForexReflex you no longer need to log in and request anything as your payout will go directly to your e-currency account without having to ask for it. Needless to say you still need to log into your chosen processor account to confirm the payments actually been made of course, but you shouldn’t really have to worry about anything else.

When it comes to the security and web design, it has to be said ForexReflex is highly original. For one thing the script is totally customized and unique, though still offering remarkable ease of use even to first time players. In fact it’s deceptively simple because once you begin to look around the members area a bit more it doesn’t take long to stumble across a wealth of other features that would be the envy of many more established programs. For one thing there’s a private members forum that you can use for sharing your experiences in the program with your fellow members or raising any points worth discussing publicly between investors and administration staff. There’s not a whole lot of activity there at the moment but that’s up to the members themselves so hopefully they’ll get more involved as the program expands. Anyway, other nice features include quite an extensive FAQ section, various trading graphs where you can plot the fortunes of ForexReflex and see how they’ve been performing, and even a demo account where you can “play” the program (without any real money changing hands in either direction) and see how it all works before you decide to become an active paid-up member.

It all contributes to the impression that a lot of time, money, and effort went into setting the program up in the first place, and if I was to be completely cynical about the whole thing for a minute I’d say that it looks like the admin has invested way too much in getting the project off the ground just for it to be a fast scam. There’s simply too much gone into this to make it worth anybody’s while to close it after a couple of weeks. So I’d be hopeful that the ForexReflex admin is serious about developing a long running program if for no other reason than to make the whole thing worth the effort. Of course that still relies on the support of the investing public which can be a fickle thing sometimes, so we’ll see where that goes.

Anyway, other than that I just wanted to add that ForexReflex is hosted on a dedicated server with support and protection provided by BlockDos, and the website is fully SSL encrypted. For any further questions or account related issues you can contact the admin by a variety of different channels. Apart from the aforementioned forum you can also e-mail them directly at the address provided, or simply fill in your details on the support ticketing form on the contacts page and submit it. Live Chat is available during business hours (GMT) and ForexReflex also provide a telephone number linked to their postal address in the UK. That’s where the program is registered as a business, however I would suggest you ignore that. From personal experience I can tell you it’s ridiculously easy to register a company in the UK, and I even did it myself for MNO a couple of years back totally over the net without any need to ever even set foot in the country. Having said that you’ve still got to go and actually do it so again it demonstrates an admin not afraid to put his hand in his pocket or to at least make an effort.

Texts are original and as the name suggests refer to their activities in the ForEx market. You can read through that for yourselves as personally I remain too much of a skeptic to go into it in any great detail here myself. But you know even if it is true I still don’t see it as any reason to not treat ForexReflex like any high risk web based venture. That means as always setting yourself a very strict spending limit that you can comfortably afford and keeping investments there as part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

For some reason VirtualPayments has changed the investment plans yet again today, marking the second change since the program opened just 24 days ago. I remind you that in my original review published here VirtualPayments offered 3.7%-5.7% for 90 days, then a week ago it was suddenly changed to 7%-9% for 30 days. Today the new investment plans offer even higher daily profits of 15%-20% for 10 days with no principal return on expiry. According to the new plan description anyone depositing from $7 to $699 via LibertyReserve and PerfectMoney will get 15% for 10 days, from $700 one can get 17% for 10 days and if you’re brave enough to go with $7,000 and more you will get 20% for 10 days. While these new plans do not offer significantly higher interest over the investment period they will still put you in profit much faster than the previous plans and provisionally it will only take you a week to be in profit. Below is the full current plans description taken from the website:
“Plan STARTER:
By investing in this plan with a minimum investment of $7 you will receive a daily interest of 15% for 10 calendar days and you would have net profit of 150%.
If you invest $200 in starter plan , you will receive $30 everyday until 10 days.
Plan PARTNER:
By investing in this plan with a minimum investment of $700 you will receive a daily interest of 17% for 10 calendar days and you would have net profit of 170%.
If you invest $1000 in partner plan without compounding, you will receive $170 everyday until 10 days.
Plan VIP:
By investing in this plan with a minimum investment of $7000 you will receive a daily interest of 20% for 10 calendar days and you would have net profit of 200%.
If you invest $10000 in vip plan without compounding, you will receive $2000 everyday until 10 days.”
If you ask me why the admin would change plans for new investors for the second time within a few weeks I can’t answer. Most likely it was his original plan when starting VirtualPayments and he will be changing them from time to time. However another question then arises – why do VirtualPayments really offer you higher profits? I’m aware that despite the still timely payouts that step will not be taken by many savvy investors lightly who will see (and probably rightfully!) some ulterior motive in this and wish to leave the program soon. Although we cannot deny the fact that the new plans might attract some new investors that will improve the cashflow in the program and make it last longer. We can only guess what is going to happen next when it comes time to pay these people, but in my honest opinion by changing plans too frequently the admin of VirtualPayments is not doing his program any favors and very possibly indicates a cashflow issue. We’ll see how it goes over the next few days but currently my forecast is pessimistic as I can’t see how the program can sustain paying on the new plans for long.

The administration of ReProFinance (interviewed here) is working hard on making the website more appealing to a more international audience. Today three more languages have been added to the program’s interface bringing the total number of professional translations to six – Spanish, Italian, Russian, German, French and Indonesian. I really appreciate the fact that they kept their promise to develop the website and maintain it to the possible highest standards. Expect more investors from Spain, Italy and Russia to join via LibertyReserve, PerfectMoney or AlertPay – 1.6%-2.3% for 90 business days and 1.8%-2.5% for 180 business days with principal returned on expiry. This might well be what the program needs in order to survive another year intact. Anyway, I sincerely hope that’s going to happen and that we will see ReProFinance (originally reviewed here) within the next few months alive and kicking. Here is the latest update posted on the program’s website today:
“Spanish, Italian, and Russian languages are added!
Dear Customers,
To increase your comfort and convenience of using our program besides German, Indonesian, and French we have also added Spanish, Italian, and Russian interface languages. To select your preferred language please use the language bar on the top of any web page. Our team wishes you the successful work!”

Following the example of ReproFinance, three more programs announced that due to Thanksgiving in the US there would be no interest credited for today. Starting with HyperCompound (reviewed here), they gave the following update last night:
“Thanksgiving Day
Holiday: Thanksgiving Day. No profits will be available for tomorrow, 24.11.11.”
HyperCompound currently ranks #1 on MNO’s Sticky listing and keeps impressing us for five months now with a top-notch performance and instant payouts to LibertyReserve and PerfectMoney of 1.5%-3% + bonus interest for 100 business days. More information about the program is available in my interview with the admin published here.

FelminaAlliance which just announced the addition of AlertPay to the list of accepted payment processors joining LR and PM a couple of days ago also wished investors Happy Thanksgiving and said interest would not be paid today:
“Thanksgiving Day.
We at FelminaAlliance wish you a happy Thanksgiving Day. This is one of the official holidays that we observe. In accordance with our Terms of Service no interest is paid on this day.”
FelminaAlliance offers 1%-1.6% for 180 business days with principal returned on expiry starting from a $20 minimum deposit. More information can be read in my detailed review published here.

Finally, WorldwideCapital (reviewed here) also took a day off and sent members the same message:
“Thanksgiving Day in the USA
Because of Thanksgiving Day in the USA, profit will not be accrued on Thursday, 24th of November.”
WorldwideCapital is still a new program by long term standards. Though only two months online it still managed to become popular among MNO readers and is now in the Top 10 Premium programs. Investments start from $10 via LibertyReserve and PerfectMoney along with bank wires. Depending on the amount deposited you should expect 1.5%-2.3% for the duration of 150 business days, with your principal back on expiry.

The admin of HYIPInnovation was more inventive when it came to sending best wishes on Thanksgiving, and sang a song with his newsletter. To see how it’s possible please keep reading below:
“Happy Giving and Sharing from HYIPInnovation!
Dear HYIPInnovation members,
We are wishing a very happy Thanksgiving Holiday to those who celebrate and we praise everyone for whom giving, sharing and caring is part of their every day life!
Let’s all remember that we build this world and thus “we ARE the world”, our learning path is never ending and thus “we are the children”.
“We are the ones who make a brighter day, so lets start giving”!!!
Yours truly, HYIPInnovation Team”.
HYIPInnovation was first came online two weeks ago. Currently the program accepts LibertyReserve and PerfectMoney starting from $10 and offers a fixed 5% return during the amount of business days which depend on the amount deposit. If you’re confused about the plans in HYIPInnovation you should really read my review published here as I explained the plans perfectly well with some examples.

I would like to warn readers from trusting the admin of PermanentProfit who also sent a Thanksgiving newsletter today offering an additional 15% bonus for over $2K and $5K investments into his program. Please note that PermanentProfit is a complete scam which pays selectively as independently verified by myself when the account of my referral with over $5,000 in it was deleted without any compensation and the admin was not able to explain why he did it. For the last few weeks PermanentProfit paid to most members fine but I hope you are aware of what will happen if you decide to trust such a criminal with thousands of dollars. Well, don’t tell me afterwards that I didn’t warn you. Enjoy the profits if you’re still among the lucky ones getting paid but do remember that as soon as selective payments begin (as they already have) then it’s only a matter of time before they work their way through the program affecting smaller and smaller investors. Your turn to be robbed by the admin is coming too! From my point of view, PermanentProfit does not deserve any attention if even so much as one member is not paid properly and have no qualms about exposing selective paying scams on MNO. Please don’t give this guy a cent of your money and warn others from doing so:
“Due to Thanksgiving Day, we launched investment deposit bonus function to our members.
The members of once investment achieve $2,000 will receive an additional 15% bonus, and once investment achieve $5000 will receive an additional 25% bonus,the bonus funds will be transfer to your LR or PM account directly,the bonus function is only valid to Nov 27th.
Happy Thanksgiving to all.
Best Regards, PermanentProfit Inc.”

The following programs maintain Paying status on MNO by processing payouts to everyone within the last 24 hours:
IncomeWith, VirtualPayments, PokerProfits, FreedomReserve, HyperCompound, SingInvest, APEnergyInvest, ForexReflex, TopsFund, OneInv, FelminaAlliance, StableProfit, HYIPInnovation, WorldwideCapital, Royalty7, BrantonsGroup, BonusPayMe, SolidForexLtd and PaidJack.

That’s all for tonight, guys. I hope to see you tomorrow as well and thanks for reading MNO!