Beware! ROICredit has stopped paying! Do not invest!

Hello everyone! Hope you’re all enjoying the weekend so far, no matter where you are or what you’ve been doing. I have a couple of news stories to catch up on from yesterday and today that I want to get to shortly, but first I want to start with ROICredit which you’ll know if you were reading MNO yesterday is a new program just added to the Premium List on my monitor. Well, I mean it’s a new addition to my monitor, not really a new program as such. That’s because ROICredit have been online for almost four full weeks now, so I guess some of you might know who they are already. Still not long enough for the first investors to draw a profit from them by the way as I shall explain when describing the program’s plans below. So before the news section let’s take a look at that and some of the other features to the ROICredit website.

Starting as I said with the investment plans, ROICredit only have the one though there are some variations based on how much you’d care to risk. In other words as is usually the case with online HYIPs the more money you’re prepared to gamble the with the higher the interest rate the admin will offer you. But you can join the program for a very basic minimum deposit of $10. The investment term runs for 60 calendar days, during which you will receive an interest payment every day of the week. For deposits starting from the aforementioned $10 minimum up to a value of $1,000 then ROICredit are offering members a rate of 3% per day. At the end of the term your initial principal is then returned, meaning you get 180% net profit on top of your your own money back.

In monetary terms that would mean for let’s say a $100 deposit ROICredit would pay you back $3 per day. That in turn would allow you to break even on day 34, and complete the term with earnings totaling $180. This is then entirely profit once your initial hundred is returned by the admin.

Given that the maximum deposit in that plan is $1,000 I imagine it covers just about 99% of HYIP players. But for those of you you like to spend big, ROICredit‘s second plan will take deposits from the range of $1,001 up to a top value of $6,000. In return for that you are offered a daily interest payment of 3.5% for a duration of 60 calendar days, and your principal returned on expiry. So your daily payments will first amount to 210% which you can consider net profit once ROICredit returns your original deposit.

And finally for the really big spenders, anyone looking to play with at least $6,001 with no stated maximum, ROICredit are offering 4% interest per day for 60 calendar days, and your principal returned on expiry. That would amount to 240% in interest payments which is your profit, as your initial deposit will be added to that at the end of the term.

Payment options are to be frank nothing really special, or at least not in comparison to most of the better mid to longer term HYIPs around at the moment. ROICredit‘s options are limited to just LibertyReserve and PerfectMoney, so once you make a deposit you can safely consider your money untraceable until the admin decides what he’s going to return to you. Refunds and recoveries obviously being out of the question. Payments are made by admin manually and so will have to be requested from inside your ROICredit members area. Once done you are asked to allow up to 24 hours fro the transaction to be completed. It’s also specifically made clear that (just in case you were in any doubt) that compounding is not allowed.

Things do improve a bit however in relation to the design and security of the site. ROICredit is for example running off a script under license from ProBizScript, which is getting a bit more popular now and not without good reason as it is generally speaking pretty dependable. Also featured is SSL encryption from Comodo for safer browsing and more secure transactions. ROICredit is hosted on a dedicated server with DDoS protection from Koddos, and if you have any further questions for the admin or any account related issues then you can contact the program in several ways. First is the usual electronic ticketing system where you can just fill in your details on the form provided and submit. Also listed is a telephone number (you can see the working hours posted on the site), and, if you prefer, an e-mail address that you can write to directly. ROICredit are also maintaining a Twitter page if you’d care to follow it, though apart from a couple of opening messages in the days surrounding the program’s launch there hasn’t been anything posted there in a number of weeks now.

The written content, ie the texts in ROICredit might be a little scrappy but at least seem original. Though if they’re scrappy then they’re also a bit vague in the details of what the program claims to do with investors money. Officially they work the ForEx markets (something we’ve heard more than once in the online HYIP industry by now) but as usual there is little in the way of real genuine facts and evidence that you can track for yourself either before or after handing over your money. So just like all other online HYIPs ou need to weigh up risks against rewards and spend accordingly. That means keeping it to a sensible level that’s affordable for you, and if joining ROICredit at all then make sure to keep it as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

BENSONUNION – PLANS FOR IMPROVEMENT

As usual the admin of BensonUnion Ragnar (interviewed here) posts really short updates on the website like that one I saw today:
“5,000 active clients and upcoming update
Dear investors! BensonUnion has reached 5,000 active investors and we keep working to improve our service. We also plan to implement detailed referral statistics in the account area, it will surely help our active clients and representatives.”

And in this case I believe the main goal of this is to make investors think BensonUnion is a huge program and that the growth cannot be stopped. From my recent experience with them though I thought exactly the opposite – investors are largely losing interest in BensonUnion and what was once a very popular program during the first months online is now very stagnant. Of course investors still can’t complain as the withdrawals to both LibertyReserve and PerfectMoney are being processed instantly. But due to low returns of 1.2%-2.45% for 170 business days with principal back on expiry we should remember that it will take BensonUnion a lot more than just a couple of months to establish itself as a profitable venture and claim leadership of the long-term HYIP market. The recent drop in advertising and even removing their top banner from MNO monitor can be viewed from two angles – first, such decisions can always put a serious doubt in investors’ minds about their seriousness to continue but at the same time it may mean that they are trying to cut expenses to save money for the first investors due to be in profit from BensonUnion in the next couple of weeks. That is why a weak attempt at persuading investors that money continues to flow into the program may well be no more than self deceit and reports of coming improvements (provided any of it’s true) is aimed at creating an image of a hard-working team behind the scenes. Surely BensonUnion has always been a great program in terms of the service provided but I’d like to see the real changes instead of just talk because I prefer programs who actually do something first and then talk about it later. Unfortunately BensonUnion are doing it the other way around. If you’re interested in my original review of BensonUnion you can read it here.

FREEDOMTRADINGLTD – NEW INVESTMENT PLAN A WARNING SIGN?

What would you say if you found out that a great program paying perfectly well for over six months suddenly came up with an offer of a new investment plan which gets you much higher returns than the original plan? Often I’d say that it’s a huge warning sign and a possible sign of a pending collapse. Really, why would a successful program like FreedomTradingLtd decide to suddenly change their strategy and issue a newsletter of a new plan paying 10% for 12 business days with no principal back on expiry? I remind you that the original plan featured in my review of FreedomTradingLtd (click here to read it) offered only 1.2%-4% for 180 business days with your principal returned on expiry. For the first six months online the program managed to pay everybody instantly to both LibertyReserve and PerfectMoney with the most recent addition of SolidTrustPay increasing its membership. The new investment offer is limited in time and is valid for the next two weeks only (the closing date is May, 20th). As the 10% for 12 business days plan with higher returns it also requires a higher minimum to invest set at $50 (compared to a $10 minimum in the original plan). Since the plan was first offered only yesterday, (Friday) and pays on business days only I can imagine that the admin of FreedomTradingLtd has the following scheme in mind – accept the deposits into the new plan for two weeks (10 business days) and scam on May, 20th, so in any case he will get some good cash at the investors expense. These schemes to basically build up a reputation first by running a low-ROI program and then suddenly going short-term and scamming everyone in the process have seen countless times in the past. I firmly expect this will happen yet again this time and therefore I would not recommend readers joining this new plan. Of course, anything can happen here and the admin’s strategy might change if he doesn’t get enough deposits to make the scam profitable. Then we could expect to see an extension of the deadline or even the introduction oForexTradingLtdf an even higher paying plan. In any case, even joining the old plan with lower returns makes absolutely no sense now, keeping in mind the high probability of a scam. I might be mistaken regarding this and it might be that the admin of FreedomTradingLtd really wanted to reward investors and commemorate their first six months online. However my own experience suggests otherwise extremely risky for the new investors, so be extremely careful when thinking of investing with FreedomTradingLtd now and if you’re in doubt then wait for a couple of weeks to see and see how it plays out. Meanwhile you can read the latest announcement of the new plan posted on FreedomTradingLtd‘s website and make your own judgement:
“New Promo package
Dear members,
We would like to congratulate you with our first anniversary! In honor of this we decided to provide you, as our investors who trust us your deposits for more than half a year, an opportunity to earn even more. Beginning from May 4th and up to May 20th there will be a ‘Promo’ plan available to you. Deposits for this plan will be accepted from May 4th to May 20th with no exceptions and the May 20th new deposits for this plan will be denied. Deposits made before the plan closure will anyway be returned to you with the promised profit rate. The minimum deposit is as low as $50, daily interest rate is 10% and duration is rather short – 12 days with no deposit returned. Your total profit will be 120% where 20% will be your net income. For example, you place an investment of $5000 for this plan and thus you will receive $500 daily during 12 days long. And your total return on investment will reach $6000 where $1000 – is your net income! Do not lose your chance to earn with FreedomTradingLtd even more! We wish you only successful business decisions.
Stay tuned for more updates from us in the nearest future!
Sincerely yours,
FreedomTradingLtd Support Team”.

EUREXTRADE – NON-BUSINESS DAYS IN MAY ANNOUNCED

The longest paying program on MNO (416 days monitored and #4 spot on my Premium list) – EurexTrade – announced two official holidays in May when the usual variable interest of up to 2.9% would not be credited to members’ accounts. Please take note of this announcement posted on the site:
“Bank Holidays on May
Dear investors, we don’t trade these non-business days due to a low market activity and high possible risks.
07.05.2012 Bank Holiday in United Kingdom
28.05.2012 Memorial Day (USA)
Deposits and withdrawal requests are processed as usual even on holidays and week-ends.”

As usual, when dealing with such programs as EurexTrade paying instantly to LibertyReserve and PerfectMoney the non-business days don’t mean you can’t request a withdrawal or make a deposit. Everything will be working as usual and you will still be able to be paid instantly. You might remember I included EurexTrade in my list of the Top 5 Best programs on MNO which you can read about here. Also for more information on EurexTrade you can check out my detailed review of the program here or my interview with its admin Christopher here.

FOREXPROGRESSIVE – NOW ON FACEBOOK

ForexProgressive program has been online for almost four weeks which means that the first investors who joined their shortest plan paying 1.4% for 20 business days should get their principals back in a couple of days. After that happens we can gauge the real potential of the program as we will see the first members in profit. The other three plans offered by ForexProgressive include 1.8% for 24 business days, 2.5% for 28 business days and 3.5% for 32 business days, also with principal back on expiry. Deposits can be made via AlertPay, LibertyReserve or PerfectMoney. More about ForexProgressive can be read in my detailed review of the program posted here.

Today just before processing the first payouts on expiry the admin announced ForexProgressive is now on Facebook. I’m aware that creating an account on Facebook is a very fast and easy process, so I wonder why he didn’t do it before. In any case, I hope it will improve communications between admin and investors and that we will also see the first reports of principal returns there soon. Here is the latest from ForexProgressive:
“Facebook
Dear clients,
Today we have created our official Facebook page. You can visit this page at any time, read latest news and communicate with company administration there. We would also appreciate if you ‘Like’ our page. Please see the page here – http://www.facebook.com/pages/Forex-Progressive/358038970919418
Thank you for being with us.
David Vendrell,
ForexProgressive customer care executive”.

INTERNATIONALFOREXLLC – 8% DEPOSIT BONUS AGAIN?

Some HYIP admins really really do their best to make me laugh and the latest short newsletter from InternationalForexLLC is yet more evidence. I remind you that just when the program was first reviewed on MNO a 5% deposit bonus offer was made to everyone who making a deposit into the only plan available – 1% for 180 business days with principal returned on expiry. This was given to all joining via SolidTrustPay, LibertyReserve, PerfectMoney or a couple of other less popular payment processors accepted by InternationalForexLLC (reviewed here). Then after that offer expired the admin came back with even more generous offer of an 8% bonus per new deposit, but only for those who invested at least $100 (the regular minimum being $10). That bonus was valid for a month and, surprise surprise, today I got another email telling me that the same bonus will be available only for two days in May in a couple of weeks (20th and 21st). I’m not sure if it was a typo or the real deal but sending such clumsy emails is something which most investors will really laugh at. With no real news in the pipeline sending borderline spam emails and offering bonuses will not do the admin any favors. Here I could only add that InternationalForexLLC is not bad as a program and always pays, but with this style of management and toothless promotion I wonder if it’s ever really going to get popular. Just look at this newsletter and judge for yourself:
“New Offer
InternationalForexLLC offer their investors 8% deposit bonus on all new deposits.
There is a minimum limit for your new deposit:$100
There is a maximum incentive bonus of $1,000 per account.
This bonus is only a small amount for choose us as your personal investment company.
Campaign runs from 20st of May 2012 until 21th of May2012.
InternationalForexLLC”.

GET PAID REPORT FOR 05/05/2012

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, GeniusVenture, ENR-G,  DividendService, SolidForexLtd, FelminaAlliance, VascoForex, PlexCapital, CFDonline, PrimeXCash, FreedomTradingLtd, MoneyEra, MetalROI, ForexProgressive, ROICredit (the first payments receiced).
From MNO Standard list: PanamaHedgeFund, WorldFinanceClub, InternationalForexLLC.
From MNO Basic list: UFOWin, WinWinBet, CheeseCash, DuoMoney, PerfectLottery, HippoWin.

That’s everything I have for you today, guys. Most likely I won’t be publishing any updates tomorrow, unless I have something really important to report, so I’ll see you all on Monday when the new business week begins. Although please remember that the 7th of May is the May Day holiday in the many countries, so be prepared for non-payments. Anyway, for anyone celebrating I wish you a great holiday and don’t forget to check out MNO which is the only online resource in the industry updated on a daily basis and bringing you the latest news. See you all later!