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

Hi everyone! Despite this being a generally speaking slow week for news stories overall there still seems to be a few new programs worthy of a second look popping up on a fairly regular basis. One such venture that I want to look at this evening before the news section is called FXMoguls. It’s a very shall we say “individual” looking HYIP that to be honest I wouldn’t expect to become all that popular between now and the end of this month (nothing to do with the actual quality of FXMoguls which is fine, just the time of year they decided to launch) but if it goes according to plan it may be an early hit of the new year.

To start with FXMoguls is decidedly a long term HYIP with three plans that all run for the same length term. Relative to the term itself however you should see your first profit in a comparatively short time. I’ll explain that with some examples as we go along, though I also have to say that this is by far the cheapest program on the net that you can join. In fact for a minimum spend of just $0.01 it couldn’t possibly get any cheaper.

But first of all we’ll begin with the basics. The first choice on offer to you is called The Investor Plan and it runs for a term of 150 business days, which is 30 weeks. During that time FXMoguls are offering a daily interest payment of 2.4%, made from Monday to Friday, and will then return your principal at the end. So in practical terms that allows you to break even (as in earn back an amount equal to your initial deposit, making it impossible to be at a loss from that point on no matter what happens next) after 42 payments. Not bad considering the length of the term, and less than a third of the way to completion which is good, or at least competitive, compared to similar long term HYIPs. The total payments should accumulate to 360% which is you final profit, though as I said FXMoguls will then add your original principal on top of that.

In monetary terms that means for a $100 investment you can expect a daily return of $2.40 every day for 150 business days. You should then earn back your original deposit after 42 payments, finish up with a profit of $360, and then have FXMoguls then add your initial hundred on top of that again.

The second plan requires a more substantial minimum of $750 to join. It’s called The Tycoon Plan and also runs for 150 business days, making daily interest payments throughout the term. The interest rate is 3% per day, allowing you to break even after 34 payments and complete the cycle with a profit totaling 450%. That will be your final profit though you can also add another 100% to that (ie your own money) after FXMoguls return your principal as promised.

An lastly for the serious HYIP players prepared to risk a minimum of $3,500 or more (with no stated maximum) FXMoguls offer The Mogul Plan. The term runs for 150 business days and offers daily interest payments of 3.7% for the duration. That should allow you to reach the break even point after 28 payments and finish the term with 565% in profit. This is your profit but not your final return as FXMoguls then add the initial deposit as well.

When it comes to payment methods the choice is a bit mixed. On one hand your options as an investor are limited to just LibertyReserve and PerfectMoney which I guess is typical for longer term HYIPs anyway. But on the other hand what you lose in choice you might gain in program stability as those two payment processors aren’t known for shall we say springing any sudden unwelcome surprises on the admin regarding what he’s doing or freezing accounts for seemingly random reasons. That said you still need to remember that all LR and PM transactions are final so don’t spend more than you honestly think is a good idea in an online HYIP because there are no refunds and no chargebacks if you do. Anyway, as long as you’re comfortable with that then payments will need to be requested from inside your FXMoguls account area. Once you’ve done that the admin requires up to 24 hours to get everything processed. Keep in mind also that as FXMoguls don’t work at weekends this may take a little longer if trying to withdraw then. The only other thing I want to say in this section is the availability of compounding for those looking to take an extra level of risk. Never something I myself bothered with (just personal strategies) but if you think otherwise then you’re free to use it if you want.

FXMoguls are hosted on a dedicated Staminus server with support and protection by Koddos. They are running off a customized script and also includes a built in auto-translation tool enabling you to view the website in almost any language you like. Yes, I know these things are nowhere near accurate but they’re close enough to give someone with zero knowledge of English a close enough idea of what FXMoguls is all about. The website is SSL encrypted for safer browsing and more secure transactions by Comodo. And if you have any questions for the admin you can contact him directly at the e-mail address posted or by filling out the online ticketing form and submitting it. FXMoguls also include a Live Chat function but offer no information as to when, if ever, it will be available.

It’s an original website and has original texts to go with it, though they’re extremely brief and give next to nothing in the way of practical information regarding the business activities the admin alleges are behind FXMoguls backing the whole thing up. For the record (for anyone with any interest in this) that business is supposedly the trading of currencies, though as with anything that goes with the online HYIP industry actual solid evidence to back that claim up is a bit scarce. It may be of some importance to industry newbies but it’s been a long time since regular MNO readers have reacted with any surprise to such things. It’s precisely for the interests of those new to the HYIP industry that I mention it at all, but it doesn’t change the two most fundamental rules of getting involved with any online project – always be extremely cautious with all HYIPs, staying well within a spending limit that’s comfortable to you, and if joining FXMoguls it might be more effective if kept as a smaller part of a wider more diverse portfolio. Fingers crossed that once the holidays are past us and normal activity resumes in the industry we might hear more about this one. We’ll wait and see anyway.

DAILY NEWS FROM THE INDUSTRY

An official newsletter issued by the administration of FelminaAlliance (reviewed here) announced today as an official Panamanian holiday and as such a non-trading day. So please note that there will be no interest credited to your accounts today, and the next interest on 1%-1.6% for 180 business days plan with principal back on expiry will be paid to your LibertyReserve, PerfectMoney or AlertPay accounts only tomorrow. Also the German version of the website was announced, as well as the hiring of international representatives. If you wish to apply for a position in FelminaAlliance you can apply for additional information to the address in the latest newsletter posted below:
“[FelminaAlliance] Weekly Newsletter
This is an official weekly newsletter from FelminaAlliance.
Tomorrow, Thursday, December 8, 2011, we are celebrating the Mother’s Day in Panama. This is an official holiday in Panama and since are based there, we observe all local national holidays as well as all official US holidays. According to our terms of service, no interest is paid on official holidays. For your convenience, we have also added the full list of holidays we will observe in 2012 to our FAQ section on our website. Feel free to contact our customer support should you have any questions about any of the holidays and why we have to observe them.
Another important aspect we would like to draw your attention to is that we are currently working on a global network of our regional representatives. More details will follow shortly. In case you are interested in representing us in your area, send us an email at regional@felmina.com and we will get back to you with further details.
The localized version of our website in German will be launched shortly. We are now in the final stage of integrating it into our system.
Customer support in German will also be available.
Make sure to visit and like our official Facebook page at http://www.facebook.com/Felminacom. This is the most efficient and fastest way to read the latest news and updates.
Please do not hesitate to contact us should you have any questions and need help with anything. Your thoughts on how to improve our website and the services we offer are more than welcome.
Best Regards, Marketing Department, FelminaAlliance Inc.”

Silently and without warning RiskCapitalFund (reviewed here) started accepting SolidTrustPay today, becoming the fourth payment processor after AlertPay, LibertyReserve and PerfectMoney accepted by the program. I must admit that RiskCapitalFund has divided readers into two camps – some of them thinking the program is destined to be a fast Christmas scam while others insist they’re run by a professional admin who knows what he’s doing and is going to run the program for as long as he can. For me, RiskCapitalFund is just another unproven program which is extremely hard to judge at the moment, with no payments on expiry processed yet. So careful when joining and only invest what you can afford to lose! On the other hand, the addition of SolidTrustPay which requires a thorough verification process may inspire some confidence from members. We will wait and see who was right and who was wrong about that program in a couple of weeks anyway, so watch this space for the first payment reports soon!

Another program tho cause controversy among readers within its first weeks online was APEnergyInvest (reviewed here). Plans paying 1.9% for 30 days, 2.3% for 180 days and 2.5% for 365 days with principal returned on expiry it resembles a very successful program from earlier this year. By accepting only LibertyReserve and PerfectMoney some MNO readers expressed concern that it might be a fast Christmas scam, while others seem confident that the program is run by the same admin and will run for as long as the admin is able to. Tthe truth might be more complicated than that, but I can confirm that at least the first investors of APEnergyInvest in the 1.9% for 30 days plan are now in profit. So sometimes taking a risk pays off, guys. So far all withdrawals were processed instantly though in some cases higher withdrawals might take longer according to the program’s terms. Is it too late to invest in the program now? My opinion is no, and I’m hopeful of seeing APEnergyInvest alive and kicking well into 2012 as well. Anyway, we will see what happens next year!

Not every program keeps paying and according to reports submitted by MNO readers BrantonsGroup might be paying selectively. The alleged system upgrade many investors were not paid yet and are still waiting for their withdrawal requests to get processed from the program. So, I have decided to move BrantonsGroup to Problem status on MNO tonight despite the fact that some members and monitors are still getting paid. You’re all aware that when it comes to selective payouts it’s almost definitely going to scam within the next few days. So, do not waste your time in BrantonsGroup anymore!

The current #1 program on MNO TopsFund (reviewed here) has added two more plans. Already available include 11% for 10 days, 0.5%-1.5% daily forever (principal back after 18 months), 0.6%-0.7% for 300 days (principal returned on request), plus 1800% after 360 days and 1080% after 180 days. One of the new plans is not recommended as it requires a high minimum of $500 to invest and pays 2250% return after 150 calendar days which TopsFund already being online for over five months most probably won’t be able to cover. On the other hand the second plan pays a more reasonable 1.5% to 3% daily return for 150 calendar days with principal back on expiry (minimum spend is $10). Here is the latest update posted on TopsFund‘s website announcing the new plans:
“Daily Compoundable Plans and Fixed 150 Plan Launch!
We pay 1.5%-3% daily for 150 days in Daily Compoundable plans and pay 15% daily for 150 days in Fixed 150 plan.
Fixed 150 plan offer with limited 5000 units. Once the units sold out this plan will close and not allow to invest. Minimum invest is 2 units ($500). 1 unit = $250.”

Here is the list of the programs that paid me for the last 24 hours:
EurexTrade, WorldwideCapital, FelminaAlliance, FreedomReserve, TopsFund, OneInv, EVBusiness, HyperCompound, SolidForexLtd, StableProfit, ForexReflex, LifeTimeProfits, HYIPInnovation, Royalty7, ReProFinance, APEnergyInvest, BonusPayMe, FXMoguls (the first payment received), ProfitableSunrise (the first payment received) and TopWallet (the first payment received).

Two new programs have been added to my monitoring list for the last 24 hours, and as you can see they both have been moved to Paying status on MNO already. So their full reviews are coming within the next couple of days.

The first one is called ProfitableSunrise. It’s a long-term program with original texts and customized script running for four weeks already and slowly getting noticed by the investors. While I’m not a great fan of ProfitableSunrise‘s layout and design, the program in itself is quite interesting and worth a second look. It’s properly SSL-secured and hosted on a dedicated server protected by BlockDos. ProfitableSunrise offers 1.6% to 2% daily returns (starting from $10) for 180 business days. There is another plan with negotiable returns and not accessible to the general public. The principal for each plan is returned on expiry and they accept LibertyReserve and PerfectMoney. The full review of ProfitableSunrise will be posted on MNO very soon, so stay tuned for that!

The second program added is a brand-new short-term game called TopWallet. As with the previous program it only accepts LibertyReserve and PerfectMoney starting from $10. Plans include 105%-130% after 1 day, 116%-220% after 3 days, 142%-600% after 7 days, 191%-1100% after 14 days, or 350%-2500% after 30 days. Payments are not instant but the admin promises to process them within 6 hours at most. I got my first ref commissions today within one hour. TopWallet is an SSL-secured website and DDoS protected by BlockDos on a dedicated server. It runs off a licensed GoldCoders script. More on TopWallet will be available tomorrow, meanwhile please read the first update left after they launched a few hours ago:
“TOPWALLET INC. has been officially opened for investments worldwide! After months of planning the marketing strategy and setting up the website, we are finally proud to announce our investment program as launched. We strive to beat every single high yield investment program on the market. Our server is fully dedicated, DDoS protected and secured.”

That’s all I have for today, everybody. Remember that MNO is the home for quality programs, so don’t go looking for new programs anywhere else if you don’t want to lose out to cheap scams during December. Always check MNO for new reviews and program updates! See you tomorrow, guys!