Oct 12th, 2014 Archives

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

Hello everybody! Sunday again so as expected not much in the way of really big news stories to report, but I do at least have one new program to tell you about that’s just been added to the Standard List on my monitor. I’ll introduce it in a moment in the news section so keep reading, and will get to a more detailed review in the next couple of days once Paying Status can be confirmed.

So I’ve had a bit more time on my hands than usual this weekend, which as it turns out I needed to examine the program I want to talk about in the first half of today’s update. It’s a medium term HYIP called MikroCredit, and I have to warn you that in its current state is going to appear very complicated to a lot of people, maybe even to such an extent that they may even give up on joining. The problem as such is that the MikroCredit website is still very strongly aimed a Russian speaking audience and still needs a lot of work to open it up to international investors. But don’t worry, it might be a bit intimidating at first and you can easily misunderstand certain things, however there’s really nothing all that difficult once somebody talks you through it. In fact I sometimes wonder if that’s why some HYIP admins keep coming to MNO – they probably know I’ll do a better job of explaining their programs than they can! Or at least I think I know how to keep things simple anyway. In the case of MikroCredit though this really does look and feel like something completely different, so I guess it needs to be reviewed here more than anything. Therefore potential investors can look back over the MikroCredit review at leisure, and refer back to MNO as a reference point for anything they don’t quite understand the first time. I should also point out that it’s not strictly speaking a brand-new program as such and has been online for a couple of weeks already. However that being said, the MikroCredit website has also been (and in many ways still is) very much a “work in progress”. There’s been a lot of testing and new features gradually being added, so really it’s only now that any serious work is getting underway.
All the bells and whistles that go with MikroCredit put to one side for the moment, let’s start with the core concept of the program – the investment plans. Basically there’s just one plan for everyone, however what MikroCredit are offering members and what makes them different from other programs is that you have a choice in exactly how you’d like to manage your investment from day to day. So here’s how it works. Unlike a lot of the newer style programs currently dominating the industry, MikroCredit are something of a throwback, offering one plan with a fixed term of 30 calendar days. You can join this plan for a $10 minimum, or alternatively if you’re feeling lucky you can spend as much as $10,000. No matter how much you spend however, MikroCredit make the same offer – a return of 150% on your investment, principal included, so 50% net profit. Or to put it another way, invest $100 with the program in order for the admin to pay you back $150.

The tricky part now is exactly is how you go about collecting that 150%. The initial offer that’s going to be made by default sees MikroCredit paying you three separate installments. You get one payment of 50% interest, made once every 10 days, for the plan’s 30 day duration. So if we look at our $100 deposit again, we would hope for three separate payments of $50, once every ten days, returning $150 by the term’s completion.

If there’s one thing I’ve learnt about investors from my years as a HYIP monitor, it’s that they love to get paid as much as possible as fast as possible. So what if the idea of waiting around for ten days doesn’t appeal to you? Particularly if you’ve had some bad luck in the industry of late. Well, the MikroCredit admin might have a solution for you. There’s an option you can take called VIP Status. This is not a “VIP Plan” now so let’s be very clear about this from the start. Members who take VIP Status will be allowed to make daily withdrawals, that’s all. You get the very same return on your money, that is 150% spread over 30 days, and all the same rules apply. Except this time you can make smaller withdrawals more frequently than one bigger withdrawal every ten days. In this case it’s a very simple calculation of 5% interest per day for 30 calendar days, so you see financially it’s the same but does I suppose give many members an increased sense of security and peace of mind. Regardless of what option you take, members will still be informed by an automated e-mail service either every day or every ten days whenever a new withdrawal is made. Assuming you remember to request your payment that is.

Please be aware however that this is NOT a free service. If you want VIP Status you are going to have to pay for it in advance. A flat $10, is charged to everyone regardless of the size of their investment. Ordinarily anything that gives daily payouts in any online HYIP is clearly advantageous over most other plans, even if slightly less profitable. MikroCredit won’t be any exception here, but I do need to point out that as you are paying for the service smaller investors should really ask themselves if it’s not too big a chunk out of their profits. Bigger investors spending thousands, yes of course, the ten bucks is probably well worth your while, but I’m talking here to anyone playing for fun with just $20 or $30.

The good news is that you may not have to pay for it. You already have VIP Status when you create your account, but you will have to make an actual deposit in MikroCredit within 24 hours of creating the account. If you fail to do this then VIP Status is withdrawn and you will need to pay the $10 fee in order to re-activate it. The idea of waiting around any longer while thinking about it might seem strange to some investors but speaking as a monitor (who can see his downline in monitored programs) I can tell you it’s actually quite common for investors to create accounts in HYIPs where they spend a couple of days thinking about whether they might make a deposit there or not. So maybe you’ll just give it some thought before signing up at all.

The other thing you will need to do if you are required to pay for VIP Status is to pay for it before you make the deposit, not after. The thing is that you can’t simply change your mind in the middle of the term, so if you pay the $10 you have to remember it will only apply to your next deposit, not the current one. Activation of the VIP Status is quite easy and only requires you to click the tab on top of the page in order for you to proceed.

If all that makes sense for you then, the next thing to talk about is what are your payment options. Most of the regular HYIP-friendly processors are included, although nothing that requires any verification or background checks. You can use any of PerfectMoney, EgoPay, Payeer, and a rare appearance by OkPay. Payments need to be requested from inside your members account area, but once done, all transactions should be completed instantly. So once you ask for your money you should have it in under a minute.

In addition to the investment plan there is another way to make money from the program, though I’m not really sure it’s going to be suitable for everyone. MikroCredit have a sort of internal points scoring system, or “credit rating” as they call it. If you amass enough points you can claim a bonus which could be as much as $100. Points are awarded for various promotional activities and building an active downline, so if you’re any good at that sort of thing then keep in mind. I guess there’s no need for me to get into exact details here about how any of this works, but if you want it’s all explained on the MikroCredit website.

When the time comes then for making a withdrawal, first of all you will need to make sure that your payment processor account number is stored in your members area. Sound self explanatory I suppose but remember that MikroCredit has no way of knowing this unless you enter these details yourself when joining. Then when you are ready you simply click the “withdrawal” button near the top of the page. This opens a new window where you select the payment processor you are withdrawing to from the drop-box, and enter the amount you are taking. This will then take you to another new page for your confirmation. You will see the transaction details in front of you to review first. If your happy that everything is in order then either click the “confirm” button to finish the payment, or click the “delete” button to cancel. Like I said above MikroCredit do allow instant payouts, so once you hit “confirm” you’ll get your batch number on screen immediately plus an auto confirmation message by e-mail.

Moving on to the more technical, design, and security aspects of MikroCredit, hosting is on a dedicated server with the support and protection from DDoS attacks provided by CloudFlare which is a pretty solid service provider. For an added layer of security the website is SSL encrypted by Comodo for safer browsing and more secure transactions. Perhaps the best feature here about MikroCredit though is the script. It’s totally unique and custom made for the program. I’d like to be able to tell you at this point that it’s user friendly and not all that complicated, but unfortunately not, and this will prove an issue for some (actually many) people. The problem is of course that much of the MikroCredit website is not available in English. Some of it is, yes, but as you navigate through it you are going to find it reverting back to the original Russian language version again and again. That’s all well and good for a certain section of the HYIP community, but not particularly useful for anybody else. There’s lots of helpful information throughout the MikroCredit website including many video lessons on how to how to participate in the program, and also an official blog where the admin posts any important news, but unfortunately all of this is still only available in Russian for the moment.

There’s one other technicality I think you should be aware of before joining. Initially MikroCredit required you to list a phone number when first signing up. This was to send an SMS text message with an activation code that you would have then been asked to enter on the website to complete your registration. I, and I have no doubt many others, would strongly advise you against doing this. I informed the admin about my misgivings, and I’m pleased to report that he has now removed this requirement. So why am I telling you this? Because the sign-up form on the MikroCredit website still has a space for a phone number. You do NOT need to give your real number (so please don’t) but you will have to write in something. Just enter a random set of digits and you will be able to continue.

If you have any further questions for the MikroCredit Admin or any account related issues you need him to deal with then you can get in touch via a number of channels. Especially useful again for Russian speakers (though perhaps English speakers can try it, it’s not specified) is the phone support. Three numbers are listed offering assistance to anyone calling from Russia, Ukraine, or Kazakhstan respectively. There’s a Live Chat feature built into the website so you can see if you can find an operator there first before doing anything else, or alternatively submit a support ticket. When taking this option you’ll be offered a choice of either submitting an online form with your details to be replied to by e-mail, or passed over to one of the MikroCredit Skype accounts which might be faster.

Looking at the alleged business activities of MikroCredit, the program claims to be involved with giving financial loans to people. That sort of brings me on to another point about the program I need to make you aware of, which is the option of you borrowing money from them. The ting is that in order to apply you would need to submit some very sensitive and personal information before any application is approved. You would in my opinion be very very unlikely to actually receive any such “loan”, but you’ll still have to give a scan of your passport just to be rejected. An extremely unwise thing to do with an online HYIP by the way, and under no circumstances should you ever do such a thing. I know 99% of you are smart enough and experienced enough to know this, but it can never be repeated too many times.

There are some documents (in Russian) that say MikroCredit is a licensed fiscal agency, something I’d take with a very liberal pinch of salt by the way. A financial services provider that only moves money through anonymous untraceable third party internet providers should be it’s own warning about this I should think. And anyway, just like any other online HYIP, or even legitimate business for that matter, if the claims are true there’s still no guarantee of profitability or protection from losses. Therefore you need to treat MikroCredit like any other online HYIP, which is a high risk form of gambling where the risk is 100% carried by you and you alone. Certainly not the admin. So use some common sense if you do decide to join. That means staying comfortably within a spending limit you can afford to lose without doing any real damage to your personal finances, and if you join MikroCredit at all then do at least try to keep them as a smaller part of a wider more diverse portfolio. Approaching it purely as an online HYIP MikroCredit still made a very good impression on me as language issues aside it’s clear that such an original product requires a lot of careful planning and research. There is good potential there, but for now it remains just potential until some positive changes are made to make it all more user-friendly. I will of course be reporting on that over the coming weeks as it happens, as I do believe the admin has a lot of plans for further development. So watch this space!



The newest addition to the Standard List on the MNO monitor today is called ValueSpecificsLtd. The program has been online for over a week now and it offers just one investment plan paying 6.5% daily for a duration of 20 business days (Monday to Friday only). As the initial deposit is included in the daily returns by the end of your four week long investment term you should see 30% net profit on your investment. You can start investing with ValueSpecificsLtd for a $20 minimum which is accepted via three payment processors – PerfectMoney, EgoPay, and Payeer. I guess just to make sure that everyone understands the investment plan correctly the admin explained again how the investment plan works in the first news issue on the site posted last weekend:

Our business plan is tailored to boost your finances in a viable period of time. Please note that all interest earnings are only available on business days.
We are a business organisation that promises its investors reliability, sustainability and realistic returns on our 6.5% interest daily for 20business days plan with your principal inclusive.

As the program is running off an ever familiar GoldCoders script with only one plan on board everything should be self-explanatory, but if you don’t get it please check the upcoming review during the coming week sometime, after I can confirm receiving the first payment from the program. By the way regarding the withdrawals, they are manually processed by the admin who asks a 24 hour maximum be allowed by investors. The program is hosted on a dedicated server by OVH and the site is SSL-secured by Comodo, so everything regarding security is fairly standard for a program of this type. As ValueSpecificsLtd is still very new the first members in profit won’t be seen for a couple of weeks yet. With a sustainable plan I believe the program may last for some time comfortably, provided the admin actually wants it. Oh, if only we could read their minds!


I’m pretty sure that many readers have noticed lately both programs whose admins took the trouble to verify their accounts with SolidTrustPay – HashPrime and CryptoAssets – have been miserable failures and only lasted for a few days. In his farewell newsletter the admin of CryptoAssets even went to greater lengths and suggested that the addition of SolidTrustPay was just a waste of time for him because the program couldn’t last anyway due to many other unfortunate circumstances. In the case of HashPrime the addition of SolidTrustPay was apparently a deliberate ploy from a fast-scamming admin to get attention for his program from the very beginning and encourage large deposits to other payment processors which he could then empty safely. In any case, due to many disappointments regarding the recent STP-approved programs some MNO readers suggested accepting SolidTrustPay from the beginning doesn’t actually mean that the program would last longer. Quite the opposite in fact, and would serve only to attract countless hit-n-runners that would destroy the program much faster. Personally I believe that it was just one unfortunate coincidence and the quality of those last two programs didn’t have anything to do with STP. But there you go – from now on the perception of such programs could shift significantly and both admins and investors might be more cautious if they see a program accepting SolidTrustPay from the beginning. Perhaps this is for the better anyway, as everyone should invest only what they can afford to lose, and not view STP related programs as any safer than others, even if the admins took some time and effort to add this payment processor.

We’ll see how the situation with the SolidTrustPay approved programs develops and if the recent fast scams affects the industry. As for STP themselves, it’s been announced on their official blog that tomorrow, October 13, Canada celebrates Thanksgiving. Therefore support will be on holidays and all the actions in your STP account requiring manual approval will take extra time to be completed. Here’s the update on that:

Customer Support Holiday – Canadian Thanksgiving
Please be advised that SolidTrust Pay’s Phone Line Support Staff will be unavailable on Monday, October 13th for Canadian Thanksgiving. As this is also a Federal Banking Holiday, customers are reminded to add extra processing time for deposits, withdrawals, and e-currency exchanges.
We would like to wish you a happy Thanksgiving, full of fun with family, and of course, lots of delicious food!


I’m not sure whether this is going to be taken positively or negatively by the investors of 2FXLtd, but starting yesterday the admin introduced a 15% withdrawal fee that will apply to all deposit withdrawals (full or partial) requested before a three day period expires (72 hours). The new rule applies to all current and future deposits, so please keep that in mind if making a deposit in 2FXLtd. The admin explains the necessity of this by saying it’s to combat hit-n-runners and referral cheaters, and he also emphasized that those who might not like the newly implemented rule are free to leave any time (literally even minutes after they make a deposit), with the only condition being the 15% fee on their early withdrawal. The investment plan remains the same and you still have the opportunity to earn 4% daily on a $5 minimum investment via PerfectMoney, EgoPay, Payeer, or BitCoin (as explained in my updated review of the program published here). That maintains a level of freedom and flexibility you can still enjoy with 2FXLtd, and at the same time effectively makes the actions of Hit-n-Runners totally useless (as they lose money if trying to withdraw early instead of profiting). That’s the second very significant change for 2FXLtd over the last few weeks, and although the program keeps the coveted #1 position on the MNO Premium List the new rule may affect some investors’ decision if they want to continue with 2FXLtd or not. I can see that at the moment nothing has changed in terms of payouts which are still getting processed as usual. The program’s performance has been superb so far, and the admin has proven that he knows what’s best for it in the past. So hopefully we’ll see it running for weeks and months to come. For those interested here’s the latest newsletter from 2FXLtd sent yesterday:

2FXLtd News – Important update
Dear members,
Due to increasing cases of attempted fraud by referral program participants, we have to make a commission of 15% on principal withdrawals in the first three days after the deposit creation. Therefore, if during this period you for some reason want to close the initial deposit with the complete withdrawal or take part of funds, from this amount will be charged a commission. However, if your deposit has worked for more than three days, there will be no commission on deposit withdrawals.
Please note that the commission applies only to initial deposit withdrawal. It does not apply to your daily profit or account balance.
We also want you to know some good news about your deposits. Now you are able to take the deposit back any time you wish, even in 5 minutes after its creation.
Example 1: You made a deposit on October 11. On October 12 you suddenly need money. Therefore, you can take them back with deduction of 15% commission.
Example 2: You made a deposit on October 11. You want to withdraw the entire amount on October 21. Therefore, there will be no commission. You will receive money in full amount.
Sincerely yours, Alfred Cope (CEO of 2FXLtd).


Here is the list of the programs from my monitor that paid me for the last 36 hours:
From MNO Sticky list: –
From MNO Premium list2FXLtd, RemiTradeTradingAllianceLimited, SparbsBrinoGmbHCryptoFarm, GrandAgroFinanceEastOil, OneStability, MikroCredit (the first instant payments received).
From MNO Standard list: FreeCombination.
From MNO Basic list: OgdenOrganization, ArbitrageTop.

That is all for today, guys. Stay tuned for the detailed reviews of OneStability and ValueSpecificsLtd over the next few days, along with the daily news from the most elite programs in the HYIP industry. Don’t forget to like MNO on Facebook, follow me on Twitter, and subscribe to the daily emails to be updated on the ever-changing news from the world of online investments. See you all tomorrow!

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