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

Hello everybody! If you were reading MNO yesterday you will have noticed one new addition to Premium List on my monitor, and I must say it’s one that seems to be capturing the imaginations of a great many readers if the reactions I’ve seen are anything to go by. There’s quite a lot of enthusiasm out there for it, and largely justified (as much as can be justified before anyone actually sees a profit from it that is) in my own opinion. It’s called PrimeAlliance and before we move on to the day’s main news stories I’d like to take a look at it in more detail for you, starting with the plans and moving on to the other features later.

The investment plans are pretty simple as one might expect from a good quality short term program like this. On one hand they’re quite profitable but while you might think they pay too much to be sustainable (which is ultimately true of every HYIP) what PrimeAlliance do that’s different from most of their immediate competitors is to reign it in slightly to make the payments more manageable, but at the same time keeping them at just the right level so the program will be hugely popular. Indeed there have been several examples of shorter term HYIPs that have comfortably outlasted longer term ones by carefully managing the plans and keeping the public interest on a permanent high. And say what you like about shorter term HYIPs, I know for whatever perfectly valid reasons not everyone likes them, but there’s no denying that what PrimeAlliance are offering investors is, whether anyone else likes it or not, enormously popular.

But let’s stick to the basics and you can see if you share the same opinion as most industry players or not. First of all PrimeAlliance really have just the one plan with four different variations depending on how much you want to spend, but generally speaking they all work along more or less the same lines. You can join up for a minimum deposit of $15, and the investment term runs for 20 calendar days. During that time you will receive daily interest payments with the rate based on your principal. For the minimum spend of $15 up to a maximum of $500 PrimeAlliance are offering 7% interest per day. That means that by the end of the term your payments will have added up to 140% of your initial deposit. PrimeAlliance are already including that as part of the payments so you will not be getting that back at the end, meaning that you should be left with 40% net profit on top of your own money.

So let’s say in that case we make a $100 deposit. That would mean PrimeAlliance repay us $7 per day, allowing us to break even (ie recoup the original hundred 15 days into the plan) and finish up at the end with a grand total of $140. In other words our own money plus a $40 profit. Not bad for less than three weeks, eh?

The other options are basically the same, the only difference being that PrimeAlliance will pay you a little more if you invest a little more. So for example if you want to spend a $501 minimum then the term stays at 20 calendar days but the daily rate goes up to 7.2%. Your investment is counted as part of the daily payments so by the time it expires the total return comes to 144%, or in other words your own money back plus 44% net profit. You break even after 14 days and the maximum deposit allowed is $2,000.

I guess that includes most of you by now, but for the big time players prepared to go in with at least $2,000 then take a look at PrimeAlliance‘s third choice. For the plan’s 20 calendar day duration you can expect a daily interest payment of 7.5%. That adds up to 150% in total by expiry, which includes your principal so it’s a clear 50% net profit for yourself. You should also break even 14 days into the cycle. Maximum spend is $10,000.

And finally for informational purposes PrimeAlliance‘s final option is open to deposits from a $10,000 minimum to a $100,000 maximum. In return you are offered a daily interest payment of 8% for 20 calendar days which includes your principal, allowing you to complete the cycle with 160% in total, or 60% net profit.

Payment options are as good as you will see in any program on the net at the moment. In addition to the usual LibertyReserve and PerfectMoney, PrimeAlliance are also using SolidTrustPay which have been steadily growing in popularity this year, and have regained if not surpassed the position they held in the industry at their height. It’s also viewed as an indication of a certain level of quality and dependability by many bigger investors and inspires confidence even in those not actually using it. In addition to that PrimeAlliance are currently awaiting verification from Payza. The process is already in motion so it shouldn’t be too much longer before you see them added to the list if you really need to wait. Payments are made to members manually by the admin and so will need to be requested from inside your PrimeAlliance members area. Once done you are required to allow anything up to 48 hours for the transaction to be completed.

The design of PrimeAlliance is probably a little better than average I’d say, though it’s purely a matter of opinion. When it comes to shorter term programs though it’s a bit more important to make a good first impression with investors as people – a lot of them anyway – tend to make snap decisions as to whether they like this or that short term HYIP. They need to get your attention right from the first visit as it’s only very isolated cases where the admins have the luxury of establishing their names over weeks and months while investors think about joining or not. But PrimeAlliance have done a lot of work on that, and early results would indicate many of you tend to agree.

Anyway, the script is totally unique and custom made especially for PrimeAlliance. Again, like the good choice of payment options, this one thing doesn’t by itself guarantee you anything but it does contribute to the overall feeling of professionalism and shows how much research and background work done by the admin before launching, making it at least more likely that he has better long term goals for his program. I’m no expert in scripts myself but this one looks to be quite solid, easy to find your way around, and a good quality product. The PrimeAlliance website is also fully SSL encrypted by Comodo in both public and member’s areas for safer browsing and more secure transactions. Hosting is on a dedicated server with support and protection from DDoS attacks provided by Koddos.

If you have any further questions for the PrimeAlliance admin or any account related issues you need looking into then you can get in touch by a variety of methods. The most popular I guess will probably be the more traditional electronic support ticketing form where you can just fill in your details and submit. Or else you can just e-mail PrimeAlliance at the address provided. For more personal support you can try and contact them on the telephone number listed, but if you do just make a note of their working hours (though they do say you can request a callback if you want). PrimeAlliance have a postal address in the UK if for some unlikely reason you find the need to contact an internet business by that method. From experience though it’s unlikely that this is anything other than a serviced mail/messaging forwarding center (ie where you can write to them but not where you will find them physically located).

As for the website content and texts, like the PrimeAlliance website overall it’s very unique, original, and well put together. Not saying I believe any of this myself mind but if you’re interested in following it up yourself the main business activities behind the program are to do with the management of sustainable water resources, something that despite the rain the planet never seems to have enough of. I can only say the texts are an original and interesting read and a welcome break from, well, just about everything else you hear in the industry. As I said it’s up to you how seriously you really want to take these things but at least it shows a little extra effort from the admin and something else that hints that he might have some bigger ambitions for PrimeAlliance than a lot of the other shorter term HYIPs seen recently.

Of course a lot of this is totally out of the admin’s hands so I’m certainly not going to be the one throwing around predictions, but early signs are all positive, the initial reaction from investors being almost entirely one of enthusiasm, and I think that when the program’s potential is coupled with the mass appeal of what they are trying to do then once PrimeAlliance completes the first couple of cycles they could well prove to be a formidable name in the HYIP industry over the summer. Based as much on speculation as on fact by the way so don’t forget the most important rules of any investment in anonymous online companies – always set a spending limit that’s affordable to you, never be tempted to go past that limit, and if signing up for PrimeAlliance then try to make more effective use of it by keeping them as part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

FOREXPROGRESSIVE AND PANAMAHEDGEFUND – BACK TO PAYING STATUS

I returned two programs to Paying status on my monitor today. They are PanamaHegdeFund (reviewed here) and ForexProgressive (reviewed here). Still I would not recommend any new investments in either for the time being, but at least I can see some progress which can mean the light at the end of the tunnel.

When it comes to ForexProgressive I think everybody is aware of the issues they experienced last week and about their alleged database crash due to which they “lost” all the member’s info and deposits registered in the system. In fact they went to Problem status on many monitors and stay there on the majority of them as many investors are still waiting for the admin to credit their account with the deposits that disappeared. Even more frustrating for them was the realization that other investors whose accounts were finally credited are getting their payouts instantly while others continue to wait. A couple of investors contacted me today asking why ForexProgressive was still on Problem/Waiting status on MNO. Looking through the main investment forums shows more and more investors reporting their accounts credited. Although it has to be said a lot of people are still waiting. Therefore, I have made a decision to keep ForexProgressive on Paying status but only until the end of the week. Hopefully the accounts of my referrals will be credited by then but if it doesn’t happen ForexProgressive goes straight back to Problem status. For now it looks like stalling tactics or possibly email delivery issues due to which some accounts are not credited yet. So if you’re still on the fence please contact the admin by all possible means and demand your deposit to be credited asap. If you’re pressuring them daily they will have to act. Anyway, I would advise not to make any further deposits in the program until everything is back to normal.

The same advice applies to PanamaHegdeFund which finally resumed payouts today. Payouts to LibertyReserve are not instant yet so I wonder if these delays are somehow related to the recent hacking incidents with many LibertyReserve accounts. Anyway, despite paying me and my readers what was owed the admin of PanamaHegdeFund remained silent and never replied to my email about the delays. Therefore, I feel it would be necessary not to support the program too hard and would not recommend new investments for the time being. I remind you that because of such delays PanamaHegdeFund has already been on Problem status on MNO numerous times, but it looks like the admin learned nothing from it and looks as if he just gets up and abandons the whole thing for days on end before coming back to it later when he feels like it. This approach cannot be tolerated by serious investors the admin of PanamaHegdeFund should really change his attitude, otherwise I’m afraid the program will end badly pretty soon. So, for now PanamaHegdeFund has been moved back to Paying status on MNO, but who knows what’s going to happen tomorrow. It’s only up to you to decide if you wish to invest in PanamaHegdeFund, but you’ve already heard what I think.

SOLIDVENTURES – DEPOSITS FROM ACCOUNT BALANCE ENABLED

It was kinda weird to receive an update from SolidVentures tonight about the option to reinvest from the account balance. I always thought that any licensed GoldCoders script (which SolidVentures runs off) allowed you to either withdraw your profits or reinvest the money from the balance back into the plan of choice. Maybe the feature was just discovered by the admin of SolidVentures which he hurried to share with the investors in tonight’s mail, lol? Anyway, here’s the update:
“SolidVentures Limited added a new feature!
SolidVentures Limited added a new feature:
– you can make reinvest from your account now.
This new feature will make more profit with us and save your time, not need to withdraw money and create a new deposit back!
SolidVentures Limited (UK)”.

SolidVentures take LibertyReserve, PerfectMoney and SolidTrustPay for one investment plan paying 20% per day for 6 business days. The minimum to invest is $10 and contrary of the site’s FAQ page the payouts are not instant but processed within 24 hours of being requested. At this moment SolidVentures is featured on MNO’s Sticky list but is yet to be extended for another week. For more info on SolidVentures and its over 100 day history please read my detailed review published here.

PRIMEXCASH – FIRST CYCLE COMPLETED

My first investment cycle in PrimeXCash (reviewed here) was successfully completed today and I received the last payment on the 1.1% with 1/35th part of the original principal over the last 35 business days (7 weeks). Since PrimeXCash is one of the most complicated programs online I ever encountered and dealt with I would strongly suggest you read my detailed review here before making any decisions. I’m quite pleased with the performance of PrimeXCash so far which is currently accepting not only LibertyReserve but also PerfectMoney and after more than seven weeks online are paying on every business day without any problems. To find out more about PrimeXCash and the admin Robert read my interview with him published here.

PROGRESSINCOME – FIRST WEEKS ONLINE

ProgressIncome (reviewed here) has been online for over two weeks and so far has been paying like clockwork to LibertyReserve or PerfectMoney into one of the following plans with principal return on expiry – 1.6% for 25 business days, 1.9% for 45 business days, 2.2% for 60 business days, 2.5% for 90 business days. In today’s newsletter the admin emphasized attracting the best promoters and taking the whole advertising thing pretty seriously keeping the program promoted on a well-known blogs and monitors including MNO. While they haven’t been all that popular among my readers so far, this is quite understandable with the current level of fast scams when any new program has to earn members’ trust by working for some time and prove themselves worthy. But ProgressIncome is definitely moving the right direction and is on its way to becoming become a popular choice. Unlikely to happen before the first deposits are returned on expiry though, but I’ll let you know when it happens. Meanwhile please read the latest newsletter from ProgressIncome below:
“ProgressIncome Update
It has passed more than 2 weeks when we started to involve the Internet investors in our project.
Now it is time to promote our project on the best monitoring sites and various investment blogs, such as high-quality advertising is a key to success of the company! We select the best places for advertising.
We use one of the first and well known investment blogs money-news-online.com which is known for it`s qualitative reviews of projects we`ve also got advertising on the other blogs. Also we used services of the best monitoring services you can see on page with partners. Especially for investors` convenience we made a special page named Partners where all investment blogs forums and monitoring sites are shown.
Also compouding function is available now! What’s the compounding? You can found on the page “FAQs””.

MIDASFINANCE – 100% BONUS ON AR DEPOSITS AND 10% DAILY PLAN STARTING FROM $100

It looks like MidasFinance (reviewed here) keeps hunting for new investors by constantly presenting new incentives which look hard to resist. For instance, yesterday they promised a 100% deposit bonus to everyone who makes a deposit into any of their plans – 1% for 40 days (principal back), 3.6% for 60 days (principal back), 4.6% for 90 days (principal back), 10% for 20 days (principal included) – with the new but unknown e-currency AsianReserve. In addition to this unheard of generosity the admin Mona also promised to pay the bonus deposit on expiry to LibertyReserve. Yes, that’s right – you make a deposit via AsianReserve where you get your profit, and an extra 100% deposit returned to your LibertyReserve account. Sounds too good to be true? Well, in this case it seems like the offer might be genuine as I believe that AsianReserve are really very desperate to advertise their services offering such collaborations to promising HYIPs like MidasFinance and in my opinion, if you have funds in AsianReserve already you should really take this opportunity while it lasts which will be for another week. Here is the news update regarding this generous offer:
“100% BONUS
Dear all Within these news, we are glad to announce that we share more happiness and grateful to everyone. Since we have new e currency added as our payment option, we decide to share this success with giving everyone who ‘MAKE DEPOSIT THROUGH ASIANRESERVE WILL BE GIVEN 100% BONUS DEPOSIT’, and it could be withdrawn in the end of the investment term through LIBERTY RESERVE It will be only 8 days from this news announced, So grab it fast, and don’t miss it Regards MidasFinance”.

The admin of MidasFinance has already sent me the answers to the interview which Ill publish on later this week. Before that I’d like to share some more good news from the program which I believe makes some sense. As MidasFinance only accept LibertyReserve and PerfectMoney (along with the unpopular so far AsianReserve) and the minimum deposit of $1,000 originally offered to investors willing to make deposits into probably the most profitable 10% for 20 calendar days plan was reduced to $100. Now this plan looks much more attractive and you will break even after 10 calendar days. Maybe it’s worth looking into this one now if you wish. Here’s the latest update from MidasFinance regarding this change:
“JOIN 10% daily plan only from 100$
Due to many request from our beloved client and it seems that many people is taking their interest on our short plan the one with 10% profit daily. Since we care about what our client want, and we want everyone to be able to happily joins MidasFinance. We decide to lowering the minimum amount of investment on that plan, we decide to make the minimum investment become $100, not $1000. With this decision we have make, we hope everyone will enjoy it Best Regards MidasFinance”.

INTRODUCTION OF KISNP

There was another new program added to my Standard list called KISnP which is an abbreviation for Keep It Simple N Profitable. They offer several investment plans starting from $10 to LibertyReserve and PerfectMoney at the moment with SolidTrustPay and Payza to follow (according to the site). There are three no-expiry plans paying 1.1% per business day, 6.25% weekly or 30% monthly for an indefinite term but with the option to withdraw your principal after 150 calendar days. These plans were obviously inspired by the current leader of the HYIP industry NewGNi (reviewed here) which is offering similar plans that made it popular. Will it happen with KISnP? I have no idea, but the admin seems quite professional and answered all my questions promptly. Anyway, two other investment plans for larger investors are not so simple as despite of their description of paying 4.5% for 50 days and 3.75% for 80 days they really only credit your account every ten days for the term’s duration which you can then withdraw. Unlike the other plans our principal will not be returned on expiry in these ones. I’ll describe them in more detail tomorrow when I’m planning to review the program on my blog. With such complicated plans the admin needed a good customized script and his program is using a modified and licensed PHPFlux HYIP Script. KISnP is fully SSL secured and is hosted by EasyCloud which is offering so called CloudFlare protection which provides excellent, according to the admin, protection without a necessity to go with a dedicated server. Anyway, since KISnP is a very fresh program I believe that we will see how stable it really is over the coming days and week. I’ll have more details in tomorrow’s review.

GET PAID REPORT FOR 22/05/2012

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: ROICredit, SolidVentures.
From MNO Premium list: NewGNi, Royalty7, OneInv, SilverStructure, EurexTrade, ENR-G, ProfitableSunrise, BensonUnion, GeniusVenture, DividendService, SolidForexLtd, FelminaAlliance, PlexCapital, PrimeXCash, MetalROI, ForexProgressive, PrimeAlliance, MidasFinance.
From MNO Standard list: PanamaHegdeFund, InternationalForexLLC.
From MNO Basic list: UFOWin, WinWinBet, CheeseCash, PerfectLottery, Trig, HippoWin.

That’s all I have for you tonight, guys. I hope to see you all back to my blog tomorrow with more news and updates from the HYIP industry so stay tuned and see you all then!