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

Hello everyone! Before this evening’s news update I want to take a closer look at the latest addition to the MNO monitoring list called ProgressIncome. There’s arguably a gap in the market at the moment (or at least room for one more) for a program like this, offering a cross section of medium to long term plans and reasonable returns but not hanging on to your principal for an excessively long time, and I guess they’re looking to fill it. So let’s take a look at what the program is offering investors and some of the other features they have and see if you think ProgressIncome is suitable for you or not.

ProgressIncome have four distinct plans available for investors, and like I said they run for a wide range of terms which usually means they might appeal to a lot more of you. Unfortunately the minimum requirements for joining some of them are a bit steep and may not be affordable for many HYIP players, making them a bit less appealing than they might have appeared at first glance. Having said that you can still join ProgressIncome for a very basic $10, so there’s still something there for everyone.

The first of the four plans then runs for 25 business days (five weeks), and can be joined for said $10 minimum. In return for that you can get a daily interest payment from Monday to Friday of 1.6%. That adds up to 40% by the time the plan expires, at which time ProgressIncome return your principal meaning that figure becomes your net profit. You can deposit anything up to a maximum of $500 in this particular plan.

Though if you’d care to take a chance with something a little bit more substantial then ProgressIncome‘s second plan will take a minimum deposit of $501 and anything up to a maximum of $2,500. It runs for quite a bit longer than the previous option incidentally, clocking in at 45 business days in total (nine weeks). During that time you again receive a daily interest payment, but this time ProgressIncome make it a more generous 1.9% paid from Monday to Friday. By the time the term expires that will have added up to 85.5% in total, which can of course only be considered your profit after ProgressIncome give you back your initial deposit as promised.

I guess those two plans are probably the only two realistic options for most of you, assuming you’re interested in ProgressIncome at all that is, but for the bigger spenders still out there the program has a couple of other options. For a minimum deposit of $2,501 for example (and all they way up to a $5,000 maximum) you can join a plan that runs for 60 business days (12 weeks). During that time you are offered a daily payment of 2.2% interest, paid from Monday to Friday, with your principal returned at the end. Everything going according to plan that should hopefully leave you with 132% net profit on top of your own money back.

And finally for a deposit of $5,001 or upwards with no stated maximum you can join a plan running for 90 business days (18 weeks). The offer this time is that ProgressIncome will give you 2.5% everyday from Monday to Friday. That will add up to 225% in total by the time the plan expires, whereupon ProgressIncome are supposed to return your original deposit.

One very important feature to these plans that you should factor in to any potential investments is that if you don’t like the terms, ie you think they are too long or maybe you just need to pull out in case you need your money back in an emergency, then ProgressIncome do allow you to leave early. You can withdraw your principal from any of their plans before the expiry date, just keep in mind that it will cost you a 15% penalty fee to do so. It could be worse I suppose, as I’ve seen many other HYIPs charge substantially more for the same privilege, but if you’re joining the program with the intention of leaving early right from the start then just be sure to include this 15% fee when making your own profit calculations.

Payment options themselves are pretty basic with ProgressIncome only accepting investments through LibertyReserve and PerfectMoney. So all transactions are final and if things don’t work out the way you wanted then, well, sorry but tough luck, no refunds are on offer. Your interest is paid manually to your account so you will need to request it from inside your ProgressIncome member’s area. Once done the admin requires up to 24 hours to ensure everything is fully processed.

As for the design and security of the site, you may not think it at first but ProgressIncome is running off a script under license from GoldCoders. The admin just did a very good job of customizing it to his own specs. The website is further secured by SSL encryption from Thawte for safer browsing and more secure transactions. Hosting is on a dedicated server with support and protection by AntiDDoS. I suppose they’ve been much more associated with shorter term HYIPs in the past, but be that as it may their track record has been up there with the best of them since they first entered the HYIP arena so I wouldn’t expect too many downtime issues for ProgressIncome. Not that that has any connection with the security of the money you give the program of course. If you have any further questions for the admin or any account related issues that need dealing with then you can get in touch with them by e-mailing them directly or by filling in the electronic ticketing form and submitting your query like that. Also listed are a phone number if you’d like to try your luck in speaking to someone directly, and a postal address (which I believe to be a virtual hosted office in the UK). The ProgressIncome website comes with a built-in Live Chat feature so you might get your questions answered in real time should you find them online at the time, and the admin also maintains a Facebook page.

Otherwise ProgressIncome isn’t a bad looking website and does at least look like it was professionally organized. There’s quite a lot of reading on it though I can’t say I found much of it to be of real practical and useful value. It does show someone put more work than the average online HYIP into it though so for that at least kudos to the admin (or his designer, whichever the case may be!) As ever though just remember to play sensibly with an amount that is well within whatever passes for an affordable gaming budget for you (everyone’s circumstances being different) and make more effective use of ProgressIncome by keeping them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

ROICREDIT – ALERTPAY ADDED

Let’s start with some good news for ROICredit members (reviewed here) and the users of AlertPay (soon to become Payza). Yesterday it was announced that AlertPay joined LibertyReserve and PerfectMoney as another payment option used by ROICredit. Those who would like to make a deposit via AlertPay can do so by adding their account number to their profile and making a deposit into one of their investment plans – 3%-4% for 60 days with principal back on expiry. Those just joining ROICredit for the first time will simply be asked for their AP account (if you have one) when registering. As per the admin’s statement ROICredit‘s AP account has been successfully verified and they are able to accept payments now as stated in the most recent update:
“Alertpay Added !!
We are pleased to announce that our dearest investors wish requesting want of additional payment processors made a significant progress. We have been communicating with Alert Pay and providing the necessary information and important documents as and when required and finally got our BUSINESS AP Account VERIFIED. Henceforth investors can invest in our program using Alert Pay(AP).”

SOLIDTRUSTPAY – ACCESS ISSUES AFFECTS A FEW PROGRAMS

Regular users of SolidTrustPay will have noticed last night for several hours access to the site and the members’ accounts was limited as described by STP on its official blog:
“Access Issues
We are currently experiencing some connectivity issues with the website which may result in time-out issues while accessing your accounts.
Our technicians are working diligently to resolve the problems as quickly as possible.
We ask for your patience while we resolve these connectivity issues and look forward to serving you.”

Any members who tend to panic at the smallest reason need to calm down immediately. The downtime only lasted for a few hours and by the end of the day everything was back to normal. That prevented the largest programs like NewGNi (reviewed here) and Royalty7 (reviewed here) who accept SolidTrustPay from processing payouts and accepting deposits for a few hours. And while Royalty7 managed to resume a normal payment schedule quite fast the admin of NewGNi Jurgen (interviewed here) had to postpone them until this morning which he reported on MNO ShoutBox:
“STP is still under maintenance. We’ve decided to process STP withdrawals tomorrow morning.”
Needless to say as usual Jurgen was up to his word and today all the payouts to SolidTrustPay were processed in the morning (afternoon my time).

Programs processing STP withdrawals instantly (like ENR-G for instance) are also back to normal and the payouts from ENR-G (reviewed here) to SolidTrustPay have become instant again which indicates that STP have fixed the glitch. Also I guess another error a couple of days ago when some investors were paid twice by NewGNi had been fixed and members who received extra payments had them deducted which is only fair and shows how far superior SolidTrustPay is compared to other payment processors like LR who still don’t give a damn about their glaring security breaches described in my detailed article here. All in all STP is still a much more secure payment processor when it comes to security, maintaining accounts, and providing real and quality support (including phone support) to account holders. I just hope that we see less incidents like yesterday, but must praise their technical department for fixing them so quick when they do happen.

CFDONLINE – OVER FIFTY DAYS ONLINE

It looks like after more than 50 days online CFDonline is going well and the payments are still processed instantly to both accepted payment processors – LibertyReserve and PerfectMoney – and to all the investment plans – 1% daily forever (principal back after 180 days), 1.5% for 30 days, 2% for 60 days, 2.5% for 90 days with the principal returned on expiry of all plans. Contrary to what was written in my original review of CFDonline published here please note that the minimum to invest in each plan is now $10, so it’s more affordable. According to the latest newsletter from the admin most investors chose the 2.5% for 90 days plan and I agree it’s possibly the best choice myself, as the first investors there are well in profit by now. Though I tend to disagree with the compounding option promoted by Stevan so much (using it is mostly beneficial for the programs, not its investors), as it carries significant risks which in most cases are not justifiable. I would suggest you not be too greedy and possibly (considering that CFDonline is not new) think about the 1.5% for 30 days plan as the safest for the moment. You shouldn’t believe all the stories about ForEx trading which allegedly provide the profits as CFDonline is just another ponzi-pyramid like all other online HYIPs. Below is the latest update from them:
“CFDonline Updates and Trading account
Dear Investor,
More and more investors are joining and I start feel very comfortable as things runs without any problems. Same goes for many of the investors as I see a clear trend on the 90 days plan invested with a compounding on most of them. My best guess is that the total compounding rate is just around 65% calculated from what is normal daily cash out rate to what I pay out less a day now. Another factor in our grown is the balance between normal accounts and active accounts what also climbed from about normal 45% active to now amazing 60%. A trend I really like. Thank you for your support.
A new chart is loaded up on About page so you can follow my numbers this week.
https://cfdonline.cc/index.php?a=cust&page=about
If you are trader yourself you are mostly welcome to chat with me and get some good tips on how to do, trends and directions.
Kindly regards, Stevan Brady
Admin CFDonline”.

GENIUSVENTURE – ANOTHER PLAN ON THE WAY TO SCAM

It looks like thanks to my efforts less investors were scammed by the 20% for 30 plan GeniusVenture introduced a few days ago to steal some fast cash before disappearing. Today the alarm bells warning of a pending scam from GeniusVenture got louder as there was yet another short term plan launched due to severe cashflow issues clearly indicated when the admin unilaterally slashed the original plans featured in my review of the program published here to much less profitable 0.5%-2% for 300 days thus depriving many investors of profits. In my objection to that the admin claimed he can do whatever he wants with his program and change the plans to his liking any time. This made some monitors move GeniusVenture to Problem status but I have decided to give the admin the benefit of the doubt, but it looks like it didn’t pay off. Although the payments on the original low-ROI plans are still processed fine, today’s announcement of a new short term plan paying 21.6% for 5 days with a total profit of 8% over the course of 5 calendar days makes me think he’s still out there for a quick buck. Of course since we are already familiar with this admin’s track record with scams and the tactics employed by him to steal from you as analyzed in this article (click here to read it) we can see that this plan will pay small investors for some time in order to entice bigger amounts or try other “suicidal” plans advised against on MNO many times. So, please remember that the introduction of such short term plans in programs like GeniusVenture indicates nothing but trouble. I hope I’m wrong by the way, but hard earned experience tells me otherwise:
“New GV5 Plan Launch!
New Short Term plan launch. We pay interest 21.6% daily to your account for 5 days. Total return 108%
Interest 21.6% send to your account daily for 5 days. Total 108% return.”

FREEDOMTRADINGLTD – CONFIRMED SCAM NOW

The situation with GeniusVenture really reminded me of the recently collapsed FreedomTradingLtd. Yes, the program stopped paying a few days after its sudden and very obvious introduction of plans paying 10% for 12 business days. I wonder why this news was a clear warning sign only to MNO while other monitors decided to ignore the obvious (as usual) and shamefully carry on like nothing happened. I guess it just proves that they care about nothing other than referral commissions and can only be described as the admin’s accomplices. In my opinion there is an obligation on all monitors to at least hint that such new plans can be really dangerous and that in most cases it would indicate a pending collapse.

Anyway, I admit that the admin of FreedomTradingLtd was really shrewd and ran his program flawlessly for six full months before setting his trap plan which I hope not many investors were tempted into. Please note that MNO has no obligation to support the programs advertised on my site, and I only do so when I see admins working hard and so deserve support. If I see a scam comimg like I did with FreedomTradingLtd, then nothing will stop me from exposing it. Unlike other monitors, I never beg programs to come and advertise on MNO and only accept the ones I want because I’m financially independent and do not need the revenue from my website to support my current style of living. I would rather develop better and longer term relationships with my readers and professional admins and build a reputation instead of dealing with cheap scams like others are doing.

I believe you can already see that approach by looking at my Top 5 Best programs which I picked myself and talked about in the recent article published here. This was my personal choice of the best programs and evaluating their true potential to be successful. I hope readers will consider the points raised if they want to be winners and not losers and appreciate the work I put into my site on a daily basis.

FreedomTradingLtd is a scam and the instant payments have stopped. Please take note as on some low quality so called monitors it’s still marked as Paying and will probably stay that way for a long time. MNO has already moved FreedomTradingLtd to scam based on no reply from the admin and negative reports from readers. So stop all investments there and spread the word so nobody else becomes a victim!

INTRODUCTION OF GOLDENCRUX

GoldenCrux is a brand-new program added to MNO’s Premium list today, also buying two banners spots on my blog and monitoring pages. The program just launched yesterday and offers two investment plans with interest depending on how much you deposit via any of the three accepted payment processors – LibertyReserve, PerfectMoney or SolidTrustPay. For a minimum of $20 you’re entitled to get 2% for 40 calendar days with the principal returned on expiry, while starting from $500 you can get 2.6% also for 40 calendar days and with the original principal returned on expiry. GoldenCrux is running off a licensed GoldCoders script, so the payouts should be requested and will be paid within 12 hours. The site is SSL secured by Comodo and is hosted on a dedicated server with Koddos protection. I hope by tomorrow to receive my first daily withdrawal from it, so that I can move it to Paying status and post a more detailed review of GoldenCrux on MNO. Stay tuned for that, guys!

GET PAID REPORT FOR 10/05/2012

Here is the list of the programs from my monitor that paid me for the last 48 hours:
From MNO Sticky list: –
From MNO Premium list: NewGNi, Royalty7, OneInv, EurexTrade, SilverStructure, ProfitableSunrise, BensonUnion, ENR-G, GeniusVenture,  DividendService, SolidForexLtd, FelminaAlliance, VascoForex, PlexCapital, CFDonline, Trade4Ten, PrimeXCash, MoneyEra, MetalROI, ForexProgressive, ROICredit, ProgressIncome (the first payment received).
From MNO Standard list: PanamaHedgeFund, WorldFinanceClub.
From MNO Basic list: UFOWin, WinWinBet, DuoMoney, CheeseCash, DuoMoney, PerfectLottery, HippoWin.

That’s everything I have for you tonight guys. I hope the information was useful some how. The HYIP industry can be dangerous sometimes, but mostly it’s an exciting arena for players looking for bigger profits than the offline world. Please always remember though that it also means higher risks for your money, so be careful and only invest what you can afford to lose. See you on MNO tomorrow for more news and another review, so stay tuned for that!