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

Hi everybody! After a slow couple of days it looks to be a busy start to the business week, or at least it is for me anyway, with several new programs to look at for you in more detail on my blog. More on that later on tonight, but I want to start things off this Monday with the first of two posts today which is an interview with the admin of CostaAlliance. That’s a recently launched HYI program that is probably best described as short/mid term due to them only offering one single investment plan which is 7% for 21 days, principal included. CostaAlliance has proven to be a highly effective program however and an extremely popular one at that, perhaps partially due to the fact that they currently offer a 7% cash bonus that can be withdrawn immediately upon joining the program (eg if you joined with a $100 deposit they reward you with a $7 bonus that you withdraw before we ever get to the actual interest payments themselves at all). But apart from the obvious financial side of things CostaAlliance have been a pretty good performer so far in terms of stability and reliability, so let’s hear what the admin has to say about it all. Before we get to that however let me just remind you that if you like the interview and would like some further information on them, CostaAlliance was first reviewed on MNO here:

“1. Hi Elyssa, please introduce yourself to the readers of MNO and tell us please about your own involvement in CostaAlliance. What is your role in the day to day running of the program?

Hello Paul and of course everyone at MNO! Well, my job here at CostaAlliance (and originally at Costal Assets LP) is as the administrator and Manager of Operations.

2. Can you give us some background information on CostaAlliance? How many others are involved with the program or are you operating alone? How long have you been online?

CostaAlliance is the online avatar of our physical presence Costal Assets LP. based in Edinburgh, United Kingdom. In the managerial department, there are 4 of us including me. We also have 6 traders on board who have been into client portfolio management years before CostaAlliance came into existence. Then of course, there is the technical and member support team that handles everything in and between the website and us.

Our website, CostaAlliance has been around since 15th February 2013.

3. Explain the investment plans in detail to us. What ROIs are on offer. What are the minimum and maximum amounts to invest? What payment options are you currently accepting?

CostaAlliance, as you all are probably well aware of by now, offers only ONE business plan.

It pays 7% profit for every investment for a total of 21 calendar days. This includes weekends and holidays. We work on all days unlike our traders who obviously work only when the markets go live. Therefore, at the end of 21 days, each investment will give 154% (including the principal investment amount).

The minimal investment limit is $10 and the maximum is $2500 for per deposit.

CostaAlliance lets you choose from a long list of investment processors:

Liberty Reserve
PerfectMoney
SolidTrustPay
EgoPay
Bank Wire Transfer

4. Tell us also about the 7% sign-up bonus you are offering. Why was it introduced and how does it work? Will it be a permanent feature or just temporary promotional offer?

The Investment Bonus pays every active Costa member 7% of the investing amount as a bonus upon investing with us. It obviously gives each member a great start to investing with our company and is a promo offer. It will last for a while until we decide to make any changes to it.

5. How secure is the website of CostaAlliance? What are you doing to protect it and members’ accounts from hackers? Are you on a dedicated server? Who is your host? What kind of anti-DDoS protection do you have?

As for security, CostaAlliance has been through quite a few upgrades besides the already existing premium security system. We did receive quite a handful of threats in the beginning from some hackers and our technical team jumped in immediately to broaden the boundaries and tighten any loose ends that could have potentially acted as doorways.

Koddos has been providing us with a highly secure DDOS Protection Shield with a capacity of up to 2 Gbps / 200,000 PPS Firewall Protection. Thawte and Comodo support us through a premium Secure Sockets Layer. Our IP addresses and Linux OS are also DDOS protected besides standing on a server configuration of a Xeon X3440 2.53 GHz (8 Cores with HT) CPU, a 8GB RAM, 1000 GB Disk and 100 Mbps unmetered bandwidth.

6. What kind of script is CostaAlliance running off? Where did you get it, how safe is it, and why do you think this one is most beneficial for you as an admin and your members?

Our website’s skeleton is a ultra – modified Probiz Script that went through a series of tests and has been approved and certified by our programmers. It was chosen for its user friendly but highly secure efficiency. It allows us to access and manage the operations with great fluidity, a major advantage we have experienced with it thus far. It also collaborates with all the security emissions and output comfortably.

7. Can we see any statistics regarding CostaAlliance? How many members have joined since the beginning and how many are active at the moment? Are you pleased with the support from the members so far? How important a role do they play in bringing in new members?

Our virtual presence has attained the 1200 members mark thus far with as many as 850 active investors. We are contended with the kind of support we have received so far and we believe it will grow gradually into a long running program. Yes, most of our members have been referring others to our program and we appreciate it. It is our responsibility to see to it that each member is treated fair and professionally.

8. How can members contact you if they have any questions or support related issues?

We have given first priority to our member support services by including a broad range of support options for our members to stay connected with us 24/7.
Here they are in no random order:
Support Ticket
Direct Email
Live Chat
Phone Support
Facebook Page Support

All of these services are available 24/7 and our members have been using all of these support services equally since CostaAlliance was launched. It is important for us that we remain easily accessible for every member no matter where they come from.

9. What have been the most common questions and problems you’ve had to deal with so far? Is there anything you wish to say here so that members can avoid having to contact you later?

I suppose the challenges that we faced only ended up being an advantage. We received many threats in the beginning which forced us to step up drastically on our website security and had it not been for them, we would have probably waited longer to add these additional features.

Besides this, we also would like to inform our members that withdrawal processing can take place anywhere between a few minutes up to a maximum of 3 – 4 hours. This largely depends on the queue at that point of time. However, on an average we have been able to process them within a few minutes.

10. How have you been promoting CostaAlliance so far? What advertising strategy have you been using? How are you getting new members to join?

We have set aside a fund for promotional investment for CostaAlliance besides making sure that our capital investments and member’s profits are not affected.

We have set some plans for advertising our program and so far our efforts have been fruitful and we do not wish to ‘throw away precious money’ on any unwanted expenses. Funds should be beneficial for everyone involved and thus we will tread carefully in this regard.

We do have the weekly review that also focuses on marketing and promotional strategies and this pretty much is where we stand at the moment. Perhaps the next meeting will bring in more news in this area.

11. What exactly are you doing with investors money? How are you investing it and how are you generating the profits being made to members?

We have been managing client portfolios way before we launched CostaAlliance and nothing much has changed for us as a company in terms of managing funds. Of course, now we have a much broader client/investor base and this has expanded our investment capital as well as returns.

Our experts specialise in CFDs (Contract For Difference) and Spread Betting. An entire page in our website is dedicated to this topic and we request that each one of you read it thoroughly and even take some time to probably do a bit of research or even drop by at our support to find out what we really do, should you feel the need to do so.

Our traders work on every trading day and all the investments that come from our online and offline clients are circulated uniformly through a series of trades that fall in our agenda for each day. The profits are then distributed as per investment percentile commitment.

12. What are your plans for the immediate future of CostaAlliance? Do you see a need to change anything around or is everything the way you intended already?

It has just been a little over a week since we launched CostaAlliance and it has been growing steadily. So at this point of time, we are not looking at making any changes for now. Maybe in a few months we may go over all the feedback we get from our members and decide on any modifications that may be needed.

13. And finally is there anything else you wish to say not covered in this interview? Also please feel free to comment on the review of your program published on MNO. If there was anything you felt was unfair, mistaken, or in any way in need of clarification then you are welcome to explain this in your own words here.

We feel that almost everything we would have liked to convey has been mentioned in this interview. Should anyone feel that we have left something out, do contact us and we would be glad to guide you.

The review by MNO on CostaAlliance has been informative and concise with every feature highlighted professionally. Kudos to Paul for that!

We have had the opportunity to go through the MNO blog and would like to say that we really appreciate all the effort that has gone behind the creation of this highly informative blog for online investors and programs. It sure is no easy task managing this mammoth blog and it is an excellent platform for online investors.

Once again, thank you, Paul; for this opportunity and we look forward to a long and successful business alliance.”

Thanks a lot to Elyssa for taking the time to answer my questions, and I hope this was useful to you in deciding whether CostaAlliance is a suitable addition to your portfolios or not. But let me wish good luck to the admin and the members in making the program as big as it clearly has the potential to be. That’s all for the moment guys, but don’t go too far. I’ll be back later tonight with the second post of the day which will include a closer look at one of the new programs joining my monitor this week plus all the day’s news events. So stay tuned for that and see you all later!