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

Hi everybody! I’ll get straight to the point tonight as to be honest I don’t really have a whole lot of other news for you. Nothing of interest anyway but I am at least pleased to have another new addition to my monitor which I’ll introduce to you in a few moments and do a more detailed review on later (most likely tomorrow as it’s already been moved to Paying Status on my monitor). First things first though, and one of the other recent crop of new programs joining the MNO monitor was SolomonHit, a medium to longer term HYIP just a few days online now. So tonight I want to take a closer look at what they have to offer investors, what their investment plans are and what the other main features are like, and hopefully see if SolomonHit will be a suitable addition to your own portfolios or not in your own opinions.

You have four options in front of you when joining SolomonHit, ranging as I already said above from medium to long term in duration. The first of them can be joined for a bargain minimum deposit of just $5, though as we shall see they’re not all so affordable as this. But if your budget can be stretched anywhere from this up to a $300 maximum then SolomonHit will offer you a daily interest rate of 1.2%, paid seven days per week, for 25 calendar days. Those payments add up to 30% in total, clearly not enough to be profitable by itself, though this happens when the investor’s principal gets returned on expiry. I would just like to point out one major flaw in SolomonHit‘s description of this and their other plans which could be misleading for anyone new to the HYIP world. It’s stated on the website you see that your total profit here is 130%. It isn’t. Your total profit is 30%, the remaining 100% was always your own money to begin with.

If you are prepared to take a bigger risk in the hope of a bigger percentage return, then SolomonHit‘s second plan will set you back a $301 minimum to join. In return for that however the admin offers an improved interest rate of 1.6% per calendar day, and a lot more payments as well as the length of the term increases to 45 calendar days. The payments themselves come to 72% of your initial investment, which is then your net profit after SolomonHit return your principal on expiry of the term as promised in their terms and conditions. The maximum deposit allowed for this plan is capped at a limit of $1,000.

The third option will run for a term of 60 calendar days and will cost you at least $1,001 to sign up to. In return for your money however SolomonHit are offering members a daily interest payment of 2% per calendar day. Payments add up to 120% in total, leaving that as your net profit once the SolomonHit admin adds your initial principal to it on expiry. For this plan the maximum deposit you will be allowed to make is set at $3,000.

And lastly for the biggest spenders out there willing to part with a minimum deposit of $3,000 SolomonHit‘s fourth plan is offering you a daily interest payment of 2.2% for the duration of 90 calendar days. Payments come to 198% of your initial investment, and becomes your net profit after SolomonHit return your principal.

A couple of other quick points I want to make connected to the investment plans before I tell you about the accepted payment methods include first of all the use of compounding which is allowed in the program. Regular readers will know I myself would rather avoid compounding, but it’s totally your own decision and you’re free to use it if you want. Just set the percentage yourself when making your investment. The other thing is the internal e-currency exchange mechanism. Put simply you may join SolomonHit with one payment processor, and if for whatever reason you need to move funds to another payment processor then investors here can simply withdrawing their money to a different processor than the one you joined with. Just be warned that it’s not a free service, and depending on which direction you are making the exchange the associated fees can be anywhere from quite reasonable to almost eye-wateringly punitive.

If you like any of the plans enough to take a chance on, you’ll obviously need to know what the payment options are like. And in this case they’re fine, with SolomonHit accepting all the remaining popular industry processors in SolidTrustPay, PerfectMoney, and EgoPay. So I don’t expect there’ll be much demand or reason for expanding on that in the future, even if the FAQ page suggests that it will. All payments to members are completed manually by the admin and so require you to log in to your SolomonHit private account area to submit a request. Once done you will then need to allow anything up to a maximum of 24 hours for the transaction to be carried out, though in reality this is just theoretical and only there to cover the admin in the likelihood of occasional delays. Because in practice SolomonHit have been saying they can have your withdrawal finished in under 30 minutes, and in my own brief experience with them they’ve actually been instant, i.e. the money was in my account in a matter a seconds. Hopefully this will continue but do keep in mind that the service is by no means guaranteed so just allow them the 24 hours and take anything faster as a bonus.

On the subject of site security and design, the first thing I noticed about the program was that on one hand SolomonHit has a very basic and simple design (and I’m not saying that’s a bad thing by any means), the texts and practical information on participating as a member is quite comprehensive and takes care of most of the main questions you might come up with. The program is also running off a script under license from GoldCoders so the actual mechanics of it will certainly be quite familiar to most regular industry players. For an extra layer of security the website has an SSL certificate from Thawte for safer browsing and more secure transactions. SolomonHit is hosted on a dedicated server with the support and protection of CloudFlare. For any further questions or account related issues the admin can be reached by filling in your details on the online customer support form, or else by just writing directly to the email address listed there if that’s what you prefer. SolomonHit also include a phone number and a Live Chat feature, though to be honest I have never personally seen it turned on yet. Fans of social media sites will be pleased that they can follow SolomonHit on Twitter as well as having a profile on Facebook. There hasn’t been much activity on either of them just yet, well, none in fact, but the program is still only a couple of days old so hopefully the admin will make more effective use of them than most HYIPs.

On the subject of business activities and a strategy to finance the members payments, SolomonHit makes some fairly vague and cryptic references to securities markets and ForEx trading, but nothing that even remotely explains what these things even mean and certainly no real evidence of it being genuine. So as always it’s best to be cautious just like you should with anything you come across in the online HYIP arena, not just SolomonHit. That means, and I think few of you are unaware of this by now but it’s worth repeating every time for the newbies, set yourself a sensible spending limit that won’t hurt you financially if you lost it (because if you’re going to play HYIPs than that will happen you from time to time, no matter that many programs can be quite profitable). And also you can help protect yourself financially by using SolomonHit, if you’re going to join at all that is, as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

ALLIEXFINANCIAL INTRODUCTION

Strangely, despite being in the middle of a business week, there is absolutely nothing to report tonight apart from introducing the new program I mentioned at the top of the page. AlliexFinancial was added to Premium Listing on MNO earlier today. More accurately though AlliexFinancial is new only to MNO as the program has been online and paying for about four weeks now. That means that the first investors should be in profit already as the program is offering short to medium term investment plans that pay on calendar days and give your principal back on expiry. Plans offer 2.2% for 7 days, 2.5% for 14 days, 2.7% for 21 days and 3% for 90 days. You’re free to request your principal be returned before the expiry date, though only for a 25% fee plus all the profits you may have earned up to that point. So think long and hard before doing so! The minimum to invest in AlliexFinancial varies from plan to plan but starts from a very affordable $1 which I believe anyone can afford whether using SolidTrustPay, EgoPay, or PerfectMoney payment processors that are all accepted by the program. One of the main advantages of investing with AlliexFinancial is the instant payments as specified by the admin, so make sure you have a correct account in your profile before requesting your withdrawal. There are live stats available on the main page of AlliexFinancial where you can see the last five deposits and five withdrawals accompanied by the time they were requested. From the available stats it can clearly be seen that AlliexFinancial is already a well established and popular program with over 5,000 members enjoying instant payouts to their e-currency accounts. The website has all the necessary content, it’s SSL-secured by Digicert, running off a licensed GoldCoders scrip, and hosted on a dedicated and DDoS protected server by CloudFlare. More will be in a more detailed review tomorrow, so stay tuned for that!

GET PAID REPORT FOR 30/07/2013

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: –
From MNO Premium list: MalaysianINC, RFIGroup, EmpireFinanceGroup, PureIncome, CatenaFinance, InstaBank, BlackGold, ArgoMoney, SeedFunding, Stanford&Goldstein, SolomonHit.
From MNO Standard list:  –
From MNO Basic list: GetInstantWithdraw, OneDollarInvest, LoanClicks, StrongInvestment.

That’s about it for tonight, guys. Good luck with your investments and see you all tomorrow with the latest news from the industry and the full review of a new program on MNO AlliexFinancial. And please remember that if you don’t have time or desire to check out my blog on a daily basis, but still wish to receive a quality and up-to-date info from the industry every morning GMT straight to your email address, you can subscribe for my daily news. To do this please scroll up to the top of my blog and in one of the sidebars you will see a subscription form where you only need to provide me with your email address and confirm your subscription by clicking on the link which will be sent to you automatically by Google-based service Feedburner. What’s more – if you don’t wish to receive the news anymore and change your mind you can unsubscribe at any time simply clicking on the link provided in the very end of each newsletter from MNO, so you’re always on the safe side here. Please join the 3,500+ army of MNO subscribers and be always on the money with MNO blog and monitor!

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