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

Hello everyone! Hope your all keeping well this Sunday and have been having a good weekend. As for myself, I guess I’ve written news updates from some unusual spots over the years, and tonight it’s from 10,000 meters in the sky as I’m flying from Tel Aviv to London for the next couple of months. Something I’ve been looking forward to for a while now I must admit, though the great things about laptops is I can keep working even from here. As well as all the regular news stories from the last couple of days I’ve also got a brand new program joining the MNO Premium List that I’ll be introducing to you this evening. More about that later in the news section. I want to start tonight however with a closer look at another new addition to the MNO Standard List called XAxisInc, a program you might remember I introduced last night. It’s recently launched medium to long term HYIP, not entirely brand new having been online about a month or so by now, but in relation to the investment plans they’re still relatively new to the market. Some of you may have heard of them already from other monitors and forums and some of the earliest investors should probably be in profit already. For anyone else who hasn’t heard of them, let’s take a closer look at XAxisInc before we get to the news, see exactly what it’s all about and see if you think they might be worth taking a chance on.

Starting things off as usual then with the investment plans, XAxisInc are offering four of them in total. These are all as I said above medium to long term in duration, and will require various minimum deposit levels to join. Perhaps not all are affordable to everyone’s budget, but with a $10 minimum spend XAxisInc first plan is at least open to most of you. It runs for a 15 business day term – that’s three weeks – during which members are offered a daily interest payment of 1%, made Monday to Friday. This adds up to 15% by the end of the term, obviously nowhere near so much as breaking even, but XAxisInc will return your initial principal at that point leaving you 15% in final net profit.

To put that into more practical monetary terms then, let’s suppose you were to invest $100 in this option. XAxisInc offer to pay you back $1 per day, Monday to Friday only, until you have $15 in total. At that point your initial hundred is handed back, leaving the member with $115 in return for the risk. There’s no upper limit to what you may spend in either this or any of XAxisInc other plans.

For a somewhat more profitable option, XAxisInc second plan opens with a $100 minimum spend. The term runs for a lengthier 30 business day term, which is six calendar weeks. The interest rate itself doubles to 2%, and made every day from Monday to Friday comes to 60% by expiry. XAxisInc should then add your original principal to that, leaving the 60% as net profit. Again there is no upper limit placed on what members can spend.

The more ambitious players prepared to go in with $1,000 or upwards, no maximum deposit, can take a look at the third option. Here XAxisInc are offering their investors a daily interest payment of 3% per business day, Monday to Friday, for a term of 45 business days. This is nine calendar weeks, at the end of which XAxisInc should then return your principal. The interest payments themselves should meanwhile have added up to 135% which is your net profit. This is also the first plan allowing you to break even before expiry, that is to earn back an amount equal to your deposit, something that should happen 34 business days into the 45.

Lastly then for the really really big spenders, XAxisInc final plan opens with a $5,000 minimum deposit. Not for everyone then, but if you want to play then the term runs for 60 business days, or twelve calendar weeks, and your are offered a daily interest payment of 4% made between Monday and Friday. You can break even with your 25th payment – it’s all net profit after that – finish the term with 240% in interest payments. XAxisInc should then add your original deposit to that figure, leaving that as your final net profit.

One thing that’s really going to help separate XAxisInc from most of the other new and recent programs starting up so far over the last couple of weeks, well, since late last year come to think of it, is the list of payment processors. While you have the two main popular options with PerfectMoney and EgoPay, this isn’t going to get you very far for much longer if you’re a US resident. In this includes you then I guess you’re going to be acutely aware (or at least you should be) of the difficulties with investing using either of those two providers. PM stopped working with American customers last year and EgoPay will shortly be following suit, blocking all payments from mid-March and allowing you a further two weeks to withdraw any cash you have there before they close the account permanently. With US investors forming such a crucial and integral part of the HYIP industry, at least one popular alternative is an absolute must-have for any program now. XAxisInc have thankfully then managed to become one of the few new programs to successfully meet the criteria laid down for SolidTrustPay for approval of automated payments in and out for investors. Normally I wouldn’t have made such a big deal out of that but circumstances in the industry have changed a lot recently, and XAxisInc addition of STP will, or at least should, go a long way towards establishing the program’s name and helping attract some of the more serious industry players. Anyway, meanwhile payments to members are made manually by the admin and need to be requested from inside your XAxisInc members account area. Once done you will need to allow anything up to 48 business hours for your transaction to be completed. And please note that I did say business hours there, so if making a withdrawal request late in the week you might have to allow the admin until Monday, XAxisInc not normally working over the weekend. By the way, I don’t believe it’s ever been a particularly popular option in the HYIP industry but if you’re interested XAxisInc also allow Western Union deposits. The admin has also promised to add more payment options in the future, however for review purposes I can’t really comment on this until after it actually happens. Mind you, with SolidTrustPay already on board then the hard part is already out of the way so I have no real reason to doubt the admin on this, so keep an eye on MNO and I’ll report on that here when it eventually goes through.

Moving on then to the more technical, security, and design features of the program then, XAxisInc are running off a script that’s under license from GoldCoders. Most investors will be familiar with them by now, and I guess the majority of experienced players will have an opinion on them one way or the other. The main thing about them though is that familiarity they bring to the programs that install their product and the ease of use for investors. Hosting is provided by BlackLotus who are also providing support and protection from DDoS attacks. For an added layer of security the XAxisInc website is also SSL encrypted by GeoTrust for safer browsing and more secure transactions. A couple of extra security features that can be found within your members area which you can set yourself include a detector for any change in IP address, as well as any changes in the browser being used to access the account. You can set your own level of sensitivity for these depending on whether you might need to work from different computers or different locations as I do from time to time.

For any further questions or account related issues you need to have dealt with, the admin seems to be reasonably active compared to most as the program has a news blog separate from the main website which is updated frequently and full of news and updates for members. You can reach XAxisInc directly by mailing them at the address listed on the contacts page. There’s a couple of different postal addresses though from experience I wouldn’t pay that much attention to them, given that they are normally virtual hosted offices. Of more practical use might be the Facebook account where XAxisInc are maintaining a profile. Most recently XAxisInc have also become the latest program to add a regional representatives program, where regular members of the program can become support operators in their local areas. Some of you are probably familiar with how this works, and you can get paid in the form of an improved referral commission rate if you are willing to have your personal contact details made available on the site. Contact the admin for further information on the exact details of what this role requires you to do on a day-to-day basis if you are interested.

As for the alleged business activities supposedly backing the whole thing up and financing the payouts to members, XAxisInc have a slightly, for want of a better word, eccentric story behind them. This is probably the first time I’ve heard this one myself a the admin claims the origin of the program to be a cake shop. Well, why not, I suppose it’s no more or no less believable than anything else in the online HYIP world, and at least it’s original. This apparently is what opened the door to more conventional activities such as ForEx trading and offering to sell advertising space to other websites (what a pity, I was kinda enjoying the cake shop story!). Trading reports are available to view on the XAxisInc website, though whether you believe that’s all it takes to make the story authentic is up to you. Whatever the cover story the same basic rules of playing with online HYIPs remain. The admin actually tries to distance the program from the rest of the HYIP industry, though there’s absolutely no discernible difference that I can make out. You join at your own risk, there are no guarantees, so use your common sense. Set yourself a sensible spending limit that you can comfortably afford to live without and stay within it, and if joining XAxisInc at all then at least try to keep them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE HYIP INDUSTRY

XAXISINC – MNO INTRODUCTION AND MORE TRADING RESULTS

It looks like the admin of the above reviewed XAxisInc Elizabeth was excited about the addition of MNO to their list of monitors and spoke highly about my site in another update posted on her official blog whilst also including a link to the MNO first introduction. Here is the post for your information:

“MNO ADDED
We have now added MNO as one of our Advertising sources. MNO – Money News Online is by far the best Monitor site there is, with Reviews, Updates and a Shout Box for Members.
If you would like to read the MNO Introduction on XAxisInc you can do so HERE.
MNO should be doing a Review i think after their first payment is processed.”

That’s not all from Elizabeth though. In the second blog post for the last 48 hours she shared the latest successful trading reports with her readers while showing some screenshots of her profitable trading activities. While it’s totally up to you if you wish to take such reports seriously I’m actually quite pleased that the admin is at least trying her best to move XAxisInc from the traditional HYIP market and show some initiative with the link provided to the latest trading sessions in the following update:

“FEBRUARY’S TRADING REPORT
A New Report for February 2014 here. As you can see AGAIN it’s an Epic success, as always. The last few years have been the same, and with this sound and solid technique it’s always fun.
The few losses i had were make up by 25-30 successful trades per loss made.
I will also post some previous Trading Results as well below this Months.
If you want to see them all, visit the Trading Section of the site HERE”.

BETTCOIN – PROFIT TO BE CREDITED ON BUSINESS DAYS ONLY IN MARCH

As you might remember, just a few weeks ago the admin of BettCoin informed investors in advance that there might be some changes in the future, especially when it comes to the terms and conditions of the investment plans. That might have raised some eyebrows among investors who saw this as a warning sign, indicating a possible cash flow issue. I believe the admin might have planned it all in advance though, and is now adjusting the plans in accordance with his financial priorities and advance planning for his program. Whether good or bad for BettCoin‘s development is up to you to decide, but the fact remains that starting March 1st profits will be earned on business days (Monday to Friday) only, and NOT on calendar days as BettCoin was originally reviewed here. If I understand correctly BettCoin now offers the following investment plans – 1% for 15 business days, 1.3% for 35 business days, 1.9% for 75 business days, 2.6% for 100 business days. The original investment is still returned on expiry and the withdrawals are still processed instantly to PerfectMoney, EgoPay, Payeer, Bitcoin, and several other methods for an investment minimum starting from $10. Below is the latest update from BettCoin outlining the changes:

“Profits from investments
Important!
Dear investors! Starting from March 1, 2014 accrual profits from investments will be realized only on weekdays. As reported previously, the change is a temporary phenomenon. Follow the news all the time, we will notify you of any changes about the calculation of profit from your contributions.”

BTCARBS – WEEKEND PROFIT REPORTS DELIVERED

Apparently with the official departure from the market and filing for bankruptcy of one of the biggest Bitcoin exchangers Mt.Gox, (it’s been on many of the international TV news stations by now) the admin of BTCArbs decided to pay closer attention to some smaller ventures bringing an income of 1.85% on Friday, 0.4% on Saturday, and 1% on Sunday for the investors. While the total profits of 3.25% combined for the three days might not seem to be very significant to some HYIP players, you might remember from my review of BTCArbs (published here) that the program might pay as low as 0.1% or as high as 10% at the end of every calendar day. The main advantage of BTCArbs though is the option to be in total control of your balance in the program by withdrawing any part of the principal and profits at any time you like. The unique script BTCArbs runs off allows the admin to increase your principal by adding to it daily by the amount reported in the profit reports posted on the website. Note that once requesting your withdrawal in BTCArbs you have to wait a maximum of 36 hours to receive it. Deposits start at a $50 minimum and can be made through SolidTrustPay, EgoPay, PerfectMoney, BitCoin, and bank wires. Any limitations are hugely compensated for by the total flexibility of your account, the size of which you can adjust along with your investment goals for BTCArbs. The latest profit reports for Friday, Saturday and Sunday are posted below:

“Friday 28th February 2014 – 1.85%
With today’s stability in the market, there were limited arbitrage opportunities between the major exchanges, however we ventured out to the smaller exchanges such as Kraken and Vault of Satoshi, and were able to grab some nice profits on smaller trades. There was roughly a 2% arbitrage opportunity between BTCe and Bitstamp, which we took advantage of early in the morning before exhausting our total fiat balance in BTCe. The coins were then resold on Bitstamp for a reasonable profit. Luckily BTCe is one of the easier exchanges to fund with fiat, due to the fact that they accept a large number of alternative payment processors such as Egopay. With that profit banked, we monitored the smaller exchanges such as Kraken where we were able to grab arb opportunities with 1-5 coins at a time. Vault of Satoshi was a similar situation, and added a little extra to today’s profit. The result for today is 1.85%.”

“Saturday 1st March 2014 – 0.40%
Today has been a pretty slow day on the markets, with relatively low volume and comparably few arbitrage opportunities. The largest “arb ops” that we’ve seen have been between BTCe and Bitstamp, however with a good portion of our fiat in Bitstamp and less fiat in BTCe we were unable to profit from this opportunity. Nevertheless, as the markets fluctuated and moved closer and further apart, we were able to re-balance our Bitcoin and Fiat floats on the different exchanges, to better set us up for larger spreads that occur during periods of higher volatility. Despite the limited number of opportunities on the major exchanges, the smaller exchanges were a different story. It seems that if you watch the markets close enough, you can also find a few bitcoin arbitrage opportunity between the large exchanges and the smaller exchanges. Today’s result is 0.4%, with the majority of that coming from Kraken and ItBit. Meanwhile, we’ve started trading on Bitfinex, which will further expand our arbitrage in the coming weeks.”

“Sunday 2nd March 2014 – 1.00%
Like most Sundays, the international Bitcoin markets were pretty quiet today. The 24-hour volume on Bitstamp dipped down to 4000 coins, after having reached 100,000 coins approximately 6 days ago. With MTGox out of the picture, things seem to be stabilizing, and its probably only a matter of time before we see the bigger players start moving the market again. Today’s profits were thanks to the little guys, with huge discrepancies between the major markets and the smaller up-and-coming exchanges. On one small exchange, we saw a 6 coin arbitrage, with a $62 discrepancy between it and the global market. With so many little exchanges out there, even when the large markets are slow, there always seems to be an arbitrage opportunity for us to grab. Today’s result was exactly 1%.”

FINMUTUAL – PERFECTMONEY WITHDRAWALS SLIGHTLY DELAYED

Already for the second week in a row PerfectMoney experienced some disruption, possibly connected with their efforts to carry out all necessary maintenance over the weekend when there’s less activity in the HYIP world. Many programs, FinMutual included, do not pay interest on weekends. However the admin of FinMutual is still working sent a newsletter warning about of possible delays with PerfectMoney payments due to some downtime there. Along with apologizing for the inconvenience (which to be fair is outside of his control) the admin also links to two useful resources you can use to monitor FinMutual‘s performance. In seven weeks online FinMutual became an incredibly popular program among MNO readers that pushed to the #1 spot on my Premium listing. For anyone interested tin hearing more about FinMutual you can read my review here. The plan pays 1.8%-2.6% for 160 business days to PerfectMoney, EgoPay, BitCoin, OkPay, PexPay, and SolidTrustPay. The full newsletter from FinMutual is below:

“PerfectMoney down
Sorry for any inconvenience as we are currently processing withdrawals and Perfect Money is currently down. We expect that downtime not to last more than a few hours based on previous Perfect Money maintenance periods. Thank you for understanding as that is out of our control.
Since we are sending out a newsletter, we thought we would mention something we get a number of support tickets for. Quite frequently we get asked about which monitors are monitoring FinMutual.
For those of you interested in monitoring websites and their business, a good source of those monitors and quite a large variety can easily be viewed here: http://www.allhyipmonitors.com/details/finmutual.com
For our significant Russian audience, many can be viewed here easily: http://allhyipmon.ru/monitor/finmutual.com
FinMutual”.

The very latest short update from FinMutual reported PerfectMoney getting back to normal, meaning withdrawals to PM from FinMutual are processed as usual now:

“Perfect Money is back online
Perfect Money is back online from its downtime and Perfect Money withdrawals are once again resuming as normal.
FinMutual”.

COMOCREDIT – PM WITHDRAWALS AND PAYEER OFFICIAL UPDATE

ComoCredit (reviewed here) seems to be enjoying some kind of universal success as well, paying promptly and instantly to PerfectMoney and EgoPay for seven weeks now. Today the addition of Payeer as a payment option as reported in the previous blog post has been officially confirmed, and I imagine that payouts there will be instant as well. The first investors of ComoCredit already made some nice profits from their plans, all returning the original principal on expiry of the term – 1.4% for 30 days, 1.5% for 45 days, 1.6% for 60 days, 1.7% for 90 days, 2% for 180 days. In fact ComoCredit is considered the next big thing by many investors and has reached the second position on Allmonitors as reported by the admin in the short update here:

“PAYEER
Now you can make Como Credit deposits and receive instant payments with PAYEER.com payment processor.
Also we are in 2nd place from all programs in all monitors – http://allmonitors.net/top/“.

Due to the issues with PerfectMoney today some withdrawals were not processed instantly. But since the PM website is working fine now and the instant payouts have resumed as of the time of writing, the admin Scott (interviewed here) managed to handle the situation quickly and just a few hours ago issued a latest update with the solution. Any pending withdrawals to PerfectMoney which were not processed during this time have been returned to the member’s balance and need to be requested again. I can confirm myself that the latest payment to PerfectMoney in ComoCredit has been processed instantly once again for me tonight. For those affected please request your withdrawals again as requested by the admin below:

“ComoCredit API
ComoCredit API problem is fixed and all Pending withdrawals are reversed in account balance. Please take withdraw again.
Giving is our pleasure. ComoCredit”.

SOLIDTRUSTPAY – UPCOMING CONTEST ANNOUNCED

Staying on the topic of payment processors it appears that SolidTrustPay was pretty excited about the new contest the rules of which are due to be announced in about a week or so. While I can only guess what it’s all about you can check the official SolidTrustPay blog on March 10th, when everything will be explained. Here’s the latest news from them:

“Upcoming Contest Announcement!
SolidTrust Pay wants you to watch this spot! SolidTrust Pay will be announcing an exciting new contest for our members Monday, March 10th.
We can’t wait to get the fun started! More details to come!”

MINIMALISM10 INTRODUCTION

Minimalism10 is the latest newcomer to the MNO Premium List today and is a truly original program and very different from most others. You might not like the site at first glance, indeed as the name Minimalism10 implies simplicity in everything including the layout is the modus operandi here. However don’t let this put you off as everything about Minimalism10 is deceptive with the program running off an original script I’ve never seen before while offering curious investment plans. First up, an investment plan with fixed interest pays from 8.1% to 8.4% per calendar day depending on how much you spend with the original principal included in the payouts. Therefore your net profit at the end of the required 15 day investment term in Minimalism10 will be between 21.5% and 26% which is quite a sustainable plan that may be run for some time. The minimum to invest is $10 via EgoPay, Bitcoin, or PerfectMoney. There are four additional investment plans with fixed amounts to invest of $10 (30% profit after 10 days), $50 (20% profit after 10 days), $250 (20% profit after 10 days) and $500 (20% profit after 10 days). From the FAQ it follows that you may possibly invest in such plans only once, but when I actually try to invest there I only get a message “Don’t be greedy” and then the script suggests to invest in the 8.1%-8.4% for 15 days plan instead. I’m kind of confused by this and have contacted the admin to explain this before I can review Minimalism10 properly. He replied earlier that he is aware of this issue and is working on a solution, so I’ll let you know when that’s been taken care of. I also asked about the withdrawal processing time and was told all payments are fully automatic, and there is no need to request any payments at all. They will be handled by the script everyday without you needing to ask for anything. I’ll also try to examine the script in more detail as well before the review. Minimalism10 looks unique as it runs off a well crafted if simple script, and has an SSL-certificate from Comodo. Hosting is on a dedicated serv/aer by Koddos. The admin discusses the program in philosophically and I’m sure such a refreshing approach will find some fan. The official launch of Minimalism10 was yesterday, as covered in the following news post:

“WELCOME 2014-01-03
The day has come! I did my best to put simplicity, reliability and beauty together and today my creation is ready to be seen by the world. I don’t doubt that you will enjoy using it as much as I do, it has some secrets inside! Life is a big school, it’s not a bad idea to learn new tricks and I’m happy to share my experience and beliefs with you, now I’ve got a beautiful and effective instrument for that. Are you ready to make money and listen? Then let’s roll!”

GET PAID REPORT FOR 02/03/2014 

Here is the list of the programs from my monitor that paid me for the last 48 hours:
From MNO Sticky list: GoldenOakFund.
From MNO Premium list: FinMutual, DublinCryptoriumLimited, BarclaysRoyalClub, Leancy, InvGlobal, DailySharePro, RemiTrade, BTCArbs, ComoCredit.
From MNO Standard list: XAxisInc (the first payment received).
From MNO Basic list: ThaiMonetaryFund, ZeusInvest, TeslaFinance, MichaelKazakov, NextWin (the first payments received).

That’s it for tonight, everyone. The business week finished on a positive note with lots of updates and no programs moved to Problem status on my monitor. I’m looking forward to seeing what’s in store for us next. As I finish up for tonight I’m now back in London for the next month but might be hitting France, Spain, and Portugal for about another month starting in April. No matter what happens I’ll still update my monitor at least once (usually more) within every 24 hours and moreover, you will get replied to your questions within 24 hours if I can. See you all again soon, guys!

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