06/10/2013. InvOil Review and Daily News from the Industry

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

Hi everyone! I hope you’re all having a nice weekend so far. It’s been pretty quiet for news stories as would normally be the case for Sunday, but the important thing is there are no scams or closures to report. Let’s hope it stays that way for the new business week as well. Anyway, I do have a couple of things to talk about which I’ll be getting to in the news section in just a moment, but first of all I want to start with InvOil. That’s the name of a brand new longer term HYIP that just opened a couple of days ago and joined the MNO Premium List shortly thereafter. So as promised in last night’s update, now that I have been able to confirm Paying Status for the program on my monitor (first withdrawals were successfully received yesterday) I want to take a closer look InvOil and what they are offering investors. So see what you think of them and whether or not you think they are worth the risk.

One thing that helps make for a very simple if somewhat shorter than usual review is the fact that InvOil are only offering one single investment plan. It also makes for a pretty easy decision on your part as to whether you’re going to join or not. You either like it or you don’t, and no real middle ground. I’ll just start with the basic numbers for now, but as I shall explain in a moment the plan isn’t actually as profitable as first impressions may suggest.

Keep reading to find out why, but to start with you will need at least a $10 minimum to join InvOil, which is about the industry average. The investment term then runs for 75 calendar days, during which you can earn a daily interest payment. This is calculated at 3% per day, a rate which InvOil pay to all their members, big and small, regardless of the size of your principal. By the end of the term payments should hopefully add up to a total of 225%, which then becomes total net profit once InvOil then return your principal on top of that as promised. The maximum spend allowed is capped at $100,000, though as far as most HYIP players are concerned that’s so far beyond what anyone could really afford it may as well be limitless.

Except of course that’s not an entirely accurate picture of what you might hope to earn from InvOil. Reason being there’s a 2.5% withdrawal fee charged on all the money you take out. And it’s not going to make any difference if you let your payments build up a bit so you can make less frequent but bigger withdrawals, because 2.5% is still going to be shaved from all of your earnings whether it’s one dollar or a hundred. So please remember to factor this into your own calculations when deciding on whether to join InvOil or not, because 2.5% can be significant if you’re a bigger investor.

If you like the investment plan and think it might be worth taking a chance on then I guess the next thing you’ll want to know about is what your choice of payment options is. InvOil are currently using the three main industry payment processors which are of course PerfectMoney, SolidTrustPay, and EgoPay. Payouts to members are handled manually by the program’s admin and need to be requested by members from within their private account area. According to their terms and conditions InvOil members need to be prepared for a lengthy wait, possibly as much as 72 hours. It’s not generally that long however and I suppose it’s only stated so as to cover for occasional delays around weekends or holidays, and I myself got my first payments within about 12 hours or so.

A couple of other things you will need to know about the InvOil investment plan include the use of compounding. You are free to set a rate if you really want to increase the risk, but you can only set it in increments of 25%. So you can compound at a rate of 0%, 25%, 50%, 75%, or 100%. Smaller investors take note that InvOil also have a minimum withdrawal policy of $1. Also keep in mind that there is no early withdrawal clause, so make sure you are comfortable with a term of 75 days before committing to it and don’t spend money that you could possibly need back in the event of an emergency.

Design and security features are OK, at least up to an acceptable industry standard anyway, with InvOil hosted on a dedicated server with the support and protection of BlackLotus. The program is running off a script under license from GoldCoders which if nothing else will give it an almost instantly recognizable feel to most of the regular industry players and make it easy to navigate. For an extra layer of security the InvOil website is SSL encrypted by Comodo. For any further questions for the admin should you think there was anything not really explained to you properly here then you can get in touch with him through a number of different channels. Directly you can just mail him at the address included on the InvOil contacts page, or else just fill in your details on the online customer support form and submit it if that’s what you prefer. Users of social networking websites will be able to find InvOil keeping profiles on Twitter and Facebook. There’s not that much activity on either site just yet, but like I said the program is still brand new so that’s only to be expected. Hopefully the admin will make better use of them than other programs. For the purposes of Live Chat InvOil have a Skype profile.

As regards the actual content of the InvOil website and how it relates to any alleged business plans and how to fund these payments to members (ie the texts) seem to be original and relate to investments in the oil business. It’s all written in the same predictable “HYIP-speak” style however, as in lots of talk without the substance and nothing that the average InvOil member can seriously research and verify for themselves. So in other words it’s a lot better for you to treat them as you would any other online HYIP and not get carried away with the spending. Set yourself a sensible and affordable limit that isn’t going to hurt you if you lost it, and if joining InvOil at all then try and keep them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

BILLIONAIRESGROUP – PEXPAY AND OKPAY ADDED

It’s good to see the admin of BillionairesGroup Rex (interviewed here) working hard on adding more payment processors to his program. Plans there include 2% to 4% returns for a duration of 120 business days with the principal returned on expiry. Today it was announced that OkPay and PexPay – two of the contenders to break into the industry according to my recent poll on the MNO TalkBack page last week – had been added. Before that BillionairesGroup already took SolidTrustPay, PerfectMoney, and EgoPay starting from a $10 minimum as covered in the review posted on my blog about two months ago (click here to read it). As the program has been running for slightly more than that, the first investors are yet to profit from the lowest paying plan, however the introduction of the new payment options will definitely increase exposure among potential new members which is certainly a good thing for existing ones. Having said that, I would have dismissed another claim by BillionairesGroup in the newsletter about the planned launch of their own branded MasterCard. That is simply not going to happen, and I have never once seen an online HYIP successfully launch their Debit card. Oh yeah, lots of them claimed they were going to do it, and even charged their own members as much as $200 for it, but none ever actually did it. In fact if it ever happened then it was entirely within the admins imagination. I’m not even talking about the “verification” process (i.e., you submitting passport scans and utility bills) to receive a “Debit card” that could later be used for criminal activities. So don’t be too excited about the latest statement from BillionairesGroup. And though I hail the addition of the new payment options, avoid any involvement with debit. If this scheme goes ahead you will be properly informed about it here of course, and warned against doing anything which can lead to identity theft:

“OKPAY & PEXPAY PAYMENTS OPTION ADDED
Dear Billionaire,
A very warm welcome to all our new members on board the flight to Financial Freedom.
As part of our plans to serve you better, we have added two more payments processors to enhance easy deposit and withdrawals from your BillionairesGroup Account.
Members can now start depositing and making withdrawals with PexPay and OKPay payment processor.
This payments options can be found at Members back Office.
In some few weeks, our branded Master Debit Cards will be ready to be issued to all Active Members. Kindly note that each member will have to go through a verification process by our card provider before the card can be issued according to the rules guiding F.S provision.
Kindly dont hesitate to contact support through live chat, phone , skype , email or ticket if you need any clarifications on our services.
Thank you
Admin. BillionairesGroup Finance”.

ENDOINV – DEPOSITS AND WITHDRAWALS VIA STP BECOME INSTANT

You might remember that for the last two days I discussed some STP issues the members of EndoInv were experiencing when adding SolidTrustPay as an additional payment processor. The first problem was that even after officially announcing STP as a payment option EndoInv never actually added the option of deposits and withdrawals due to further verification requirements by STP for SCI payments. This was completed yesterday with STP now joining PerfectMoney, EgoPay, and PexPay. However another issue then appeared on the horizon – due to some script issues the deposits made by the first STP investors were not properly added. Finally, after more than 24 hours of waiting and frustration the admin of EndoInv has added all the pending deposits to members’ accounts, assuring me that the problem has been fully resolved now. I can also confirm that the withdrawals to SolidTrustPay (just like the other payment options) are processed instantly. So profits should also be in your STP account within seconds. EndoInv has been added to MNO Premium listing about a week ago and the program offers two investment plans – 7% for 22 business days, and 112% after 8 calendar days. To find out more about EndoInv please refer to the full review published here.

FXDYNAMICS – PAID OUT LIVE STATS AVAILABLE

FxDynamics (reviewed here) made a significant and important improvement today by allowing members look at the live changing stats of the instant withdrawals. This demonstrates that payouts on the 4.8%-5.2% for 30 days investment plan are indeed instant via all the accepted e-currencies – SolidTrustPay, EgoPay, and PerfectMoney. FxDynamics has been running for about two weeks now and was added to Premium listing on MNO on the following day. The admin later upgraded the FxDynamics listing to Sticky for one week, and if you wish to see if the program keeps its top status on my monitor or be returned to Premium please check in 24 hours, as the admin has not confirmed if he wishes to keep it. I hope that regardless of his decision FxDynamics will keep paying and that we see the first members in profit in about a week from now. Meanwhile, the admin of FxDynamics Richard reported the latest statistics upgrade in the most recent newsletter posted in full below:

“Paid out page added!
Hello dear members, after hundreds of request from our loyal members to provide payment proof, we decided to do so. It’s our honer to introduce you to our new “Paid Out” page. “Paid Out” page will provide you real time info about our instant withdrawals, make sure you check it, it’s available on header menu, that’s it for today, thanks for your time.
Best Regards, Richard Dawkins,
CEO of FxDynamics Limited.”

CATENAFINANCE – LATEST EDUCATIONAL ARTICLE ON COMPOUNDING

In an ongoing series of educational articles (if that’s the right word to use in the HYIP industry!), the admin of CatenaFinance has decided to discuss the sometimes controversial subject of compounding. Well, maybe not so much discuss it as simply explain it. I myself was never a great fan as most long term readers will know, but there’s a lot of others who think otherwise. And they’re more than welcome to do so of course. So Enver, (that’s the CatenaFinance admin who was interviewed on MNO here), gives a brief but I must say easy to understand explanation of how compounding is basically the practice of not withdrawing your interest payments and preferring to return them to your original principal in the hope of earning a bigger payment from the growing pot. Many HYI programs allow this practice, CatenaFinance being one of them as explained in my review of the program published on MNO here, while other programs do not. A matter of personal taste I suppose, but even where the option to compound exists there is rarely any obligation to take it. Enver’s latest email to members on the subject is below, and I’ll remind you that the program is now well into its fourth month online paying on two plans that offer either 2% per business day for 365 days or 11% for 55 weeks, both with your principal back on expiry which means CatenaFinance listed on MNO for 104 days has been a nice little earner for those investors with a good eye for these things and joined so as to already be in profit by now when the program still has so much more to offer:

“CatenaFinance: Compounding
A large number of our investors have problems understanding how compounding percentages work so we decided to write up an explanation of the term.
The case we usually face is that an investor sends us an e-mail wandering how to do withdraw from his account because his balance reads as 0 USD. The cause of this is that, at the time of the investment, the investor had set the compounding percentage to 100%. On the other hand, we have many investors that do not use the compounding percentage at all but, rather, manually reinvest their profit every day. No problems in that case, but there is an easier, automated, way to achieve the same goal.
Compound percentage is, simply put, the amount of profit that gets automatically reinvested and, from that moment on becomes part of the principal and earns interest for the investor.
For example, lets say an investor sets the compounding percentage to 50% when he decided to invest. What now happens, automatically, is that 50% of the profit his principal makes gets added to the principal and the rest of the profit goes to the available balance. So, if you invest a 100 dollars in the Daily plan with 0 compounding percentage you would be receiving $2 USD to your available balance each day. If you choose to set the compounding percentage to 50%, one dollar would be automatically added to the principal while the other would go to your available balance.
We would also like to note that while you can, indeed, set the compounding percentage during the deposit, you can also change it any time you want to. There are no limits on the amount of times you can change it either, so feel free to experiment.
To change the compounding percentage you need to, after logging in with your account, go to “Your deposits”, select “change” under the option “Compounding Percentage”, select the amount you want and finally click on “Change”.
We hope that this has cleared up the topic of compounding percentage. If you still have questions please do write to us, we will be glad to answer them.
Thank you for your trust.
Regards, CatenaFinance”.

UNICOFX INTRODUCTION

UnicoFX is the latest addition to Standard listing on MNO monitor tonight, and will be reviewed in full by tomorrow. UnicoFX is a short-term program which has been successfully running for over two weeks now, accepting deposits starting from a $10 minimum via EgoPay, PerfectMoney, and HD-Money. There’s a huge variety of investment plans available in UnicoFX, though few can be realistically achieved and sustainable. All pay once on expiry with the profit rate depending on the amount you join with. Plans include 104%-125% after 1 day, 113%-195% after 3 days, 125%-275% after 5 days, 180%-950% after 15 days, 270%-2250% after 30 days, 400%-3950% after 50 days, 2000%-10000% after 100 days, 1200% after 10 days. More on that will be posted in tomorrow’s review of UnicoFX. For now I’ll just tell you that the withdrawals have to be requested from your member’s area manually, and are not instant. However the admin promises to process them within a 12 hour maximum which is a pretty decent timeframe, and judging by the very positive feedback on forums so far he’s been living up to his promise. The site of UnicoFX is nicely made with all the necessary information available for reading and all major questions properly answered. The site has been running off a licensed GoldCoders script, is SSL-secured by Comodo, and hosted on a dedicated server by Koddos. This is the welcome message from the admin in the site’s news section:

“Welcome to UnicoFX
We are very glad to welcome you on our website. UnicoFX is a great opportunity to make additional money online. Our specialists can provide you to your financial success without risk. Our website hosted on dedicated server with SSL-encryption. We want to make online investing easy and safely.
Thank you for visiting our website, and we hope you enjoy using it.”

GET PAID REPORT FOR 06/10/2013 

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: FxDynamics.
From MNO Premium list: PureIncome, EmpireFinanceGroup, FidelisFinance, CatenaFinance, SolomonHit, GeniusCapitalLimited, EndoInv, InvOil.
From MNO Standard list:  OilGroup.
From MNO Basic list: GulfInvestmentClub, IncomeAlways, 366DaysOnline.

That’s it for tonight, guys. I hope to see you all on MNO tomorrow with the full review of UnicoFX plus the usual daily updates from the biggest investment programs online. Don’t forget to keep voting on the MNO TalkBack page to share your opinion on the current situation with short-term programs and the HYIP industry in general. Thanks for reading and see you all later!