18/05/09. NovalexFinance Updated Review and Other News

PLEASE BEWARE! THIS PROGRAM HAS STOPPED PAYING! DON’T INVEST!

Hi guys! Hope everybody had a good weekend and is now looking forward to a new week of opportunities ahead. I have a number of new programs that I want to take a closer look at over the coming days, as usual of varying degrees of quality, so remember to check back regularly here during the week for all the latest news.

Today being Monday however, I thought I might treat myself to a lazy day and re-review a now long term favorite of money-news-online. I’m talking about NovalexFinance obviously (I guess the headline told that already!). But before anybody decides that’s old news and stops reading, I feel I should explain why. If you refer back to my original review (published here) you will see that there was quite a delay in writing that in the first place and you will see the reasons why outlined. Similarly this time, after monitoring this for six months now, I feel that there have been sufficient changes and improvements made to NovalexFinance to warrant an updated review.

Another reason, and one that a surprisingly high number of you have chosen to contact me with your comments on, is the fact that I recently did some rearranging on my personal favorites list. The fact that NovalexFinance has now been placed in the Number One spot has raised a few eyebrows and honestly, I did not expect the reaction I got so I also feel I should just make a quick point about that. The recent improvements made by NovalexFinance, both in terms of it’s organization and also the actual performance of the plan itself, has lead me to move things around a bit. But remember I simply consider this as NovalexFinance jumping ahead, not as any other program falling behind. There’s a huge difference. Sorry to go on too much about it here, but it’s just easier this way to explain it once to everybody rather than 40 or 50 times to individuals writing to me wondering why.

So to get back to my original point which was to “re-review” NovalexFinance, I think this time I will just concentrate on what is new. A lot of the other factors that make this such a good program, e.g things like the security, are already covered in my previous review so I will just give a very brief mention to them here. I’ll start with a quick recap on the plan. There is just one and for a minimum deposit of $50 it will double your money in 50 days. This happens via just two lump sum payments, the first one consisting of your principal in it’s entirety returned after 30 days and the second one following 20 days later with your profit. Your profit of course being equal to whatever your principal was (again, just refer back to my original review here for more info on that).

That much remains unchanged but what’s new in NovalexFinance? Well first of all, as long as we are starting with the subject of the plans, there is the payment options. This started with the addition of EcuMoney to the list of approved payment processors, joining the more popular StrictPay and PerfectMoney. But what has really thrown the door open to a huge number of potential investors is the addition of LibertyReserve. The program has already proven itself to be sustainable over the last six months. I think this should make a major contribution towards keeping it online for at least the same amount of time again, if not quite a bit longer. By the way, as written elsewhere bank wires also remain an option.

The next major step forward for NovalexFinance was the addition of the Comodo secure seal of approval. For those not familiar with this, it’s basically in simplified terms an independent verification that the information NovalexFinance provides on it’s website about itself is indeed true. Meaning that they are a real company with legal status and you will find them at the address and telephone numbers that they provided you with. And while this does not necessarily guarantee your investment with NovalexFinance, it does protect you to a certain degree if you somehow depend on the information being accurate. You can see the certificate for yourself on the site and find further information here.

You can also take this as a validation of their certificate of incorporation in Panama which can be viewed here.

They have also stepped up their already tight security a notch in the wake of some recent (largely unsuccessful) DdoS attacks. SSL encryption is also available so without repeating what I already said in my previous review, what was already an outstanding level of protection just got better. Continue regarding NovalexFinance as just an HYIP if you must, but there is no denying that the owners of this project are taking it as seriously as any business. Nobody ever seems to be standing still here. Nobody is scratching their head waiting for somebody else to come up with the ideas, for somebody else to tell them what needs to be done. They seem to be almost in a permanent state of evolution with one of the most proactive admins in recent memory. There are all too many cases of constant changes to HYIPs being an indication of the fact that the admin never knew what he was doing to begin with, replacing one bad idea with another one. But in this everything has part of the gradual advancement of NovalexFinance, with every change having a positive affect on the program and ultimately the investors.

There is also a simply dizzying selection of contact options available for customer support, with names, postal addresses, e-mail addresses and telephone numbers from locations the world over in a variety of languages that I just couldn’t list here. I suggest you have a quick look at their contacts page to see what I mean. Anybody with any experience dealing with any of these contacts please feel free to get in touch and let me know how it went. They also of course still have the ever popular online ticketing system and they also have a live chat function.

Maybe something I should maybe outline for you here that perhaps I didn’t go into too much detail in the past is the signing up process and the whole simplicity of becoming a member. There is a step by step guide available there already which also includes instructions on the funding of e-currency accounts. It’s a nice touch, one that’s really not that difficult to do but of enormous benefit to those approaching this for the very first time. So without any need of registration it’s just a simple matter of going to the “Investing” page, selecting your currency (dollars and euros are both acceptable), choose the investment amount (minimum of $50), choose the payment method (specific e-currency or bank wire option), enter a valid email address and click the “Submit” button. You will then be redirected back to the site where you will see the “Success” page. And Hey Presto! You’re now a member of NovalexFinance.

Details of your payment will be sent to you via email so you will get the necessary confirmation needed for the all communication with the admin should any problems arise. An unlikely occurrence in my long experience with them by the way, it’s been running like a Swiss clock from the first day I joined. And let me put that into further perspective for the newbies and the skeptics alike. I am now well into my fourth cycle, meaning I have already doubled my money three times. And the bottom line here is that that is the kind of consistent return that has helped put NovalexFinance to the number one spot in my personal favorites list. Things can change fast in this business as we all know, but it’s going to take one almighty push to remove them from the top of that list.

Other news for today.

There was a lot of goings on over the last 24 hours which I’d like to discuss now. And first of all is this weird update I got this morning from one of the admins of SilverLodge:
“Dear Members, yesterday we meet some of our great investors in London and we are celebrating a great time.
We like to invite you to make some extra cash!
SilverLodge pays in 3 categories a great bonus in SolidTrustPay.
For the best Blog review within the next 7 days we pay $1000, the second best will receive $500 and the 3rd best review about us will receive $250.
For all forum members, best forum post (long, and great words) will receive $1000, the second best will receive $500 and the 3rd best review about us will receive $250.
And surely the referrals should make also money, same as above
$1000 for the best within the next 7 days, $500 for the second best, $250 for the 3rd best referral within the next 7 days.”
Apart from making some extra cash for the best promoters which is quite fine (except the exceedingly high amounts to pay for forum posts which is kinda strange to me) I found the first part of the update rather confusing.
Did they really meet somebody in London? Let’s try to analyze this statement from a logical point of view.
Well, if they met anybody there was no evidence presented on forums whatsoever. They advertised this meeting mostly as a meeting with an admin of Money-News-Online Paul (myself) and forgot to call, text, or invite me at all. Then after I insisted on an explanation Louise responded to me that he was severely ill and the meeting would be postponed. That was fine with me but then on the following day he miraculously recovered and Louise met happy investors and a great time was had, apparently. Strange coincidence or not but nobody could actually confirm the meeting with Louise and Dominique. So I requested another explanation from Dominique and hopefully this time it will not be too lame.
Here I would also want to make some clarification. I’m not implying that SilverLodge is going to scam soon but such oddball news reports about supposedly meeting with investors who nobody knows along with the constant closing and reopening of the program, frequent changes to the plans and rules, sending updates at 4.00 in the morning GMT (strange time for work, isn’t it?), questionable registration with no actual valid office on Kensington High Street (the address published), lack of any proof about trading with silver and finally such huge bonuses which are going to be paid to some lucky members in STP. And only STP. So many strange and literally huge discrepancies doesn’t alter the fact that SilverLodge is still paying fine but it will surely make us think about the program in a different and not a very positive way for sure. Well, at least they make me think so and you’re welcome to draw your own conclusions from what was said and really done in SilverLodge.
I’m keeping SilverLodge in a high position on my monitoring page because I don’t want to spread any panic among investors that may cause any problems with cashflow especially when the program pays well so far. However keep in mind that I had no personal meeting with the admin of SilverLodge, which was his suggestion anyway to begin with, so I can’t confirm anything positive about that program.

Yesterday’s interview with the admin of USDozen (read it here) received some positive responses from the members and the admin Roger sent out another update with the links to the interview and review last night. That’s good news that the total upgrades made in USDozen have now exceeded $30K. Here is the update from USDozen:
“Hello and how are you doing?
Ok today the update will be a bit short but you really need to read it.
Money-News-Online just posted the interview with me on his blog. So take time to please read it. Here is the link .
An older post on that blog where Paul of Money-News-Online reviewed USDozen can be seen at this link .
Cashouts have been processed quickly today and many members made new upgrades so everything is doing great. New members also made new upgrades and currently the total upgrades is close to $30,000. Just a few hundreds more.
Ok I think that is all for today. Wishing you a great day ahead of you all.”

AsianInvestGroup (reviewed here) sent their latest weekly statement with the rates for the previous week and I was not surprised that the Aggressive Portfolio has overtaken the Optimized Portfolio again this time:
“Our rates for current week are the following:
Optimized Portfolio – 8.3% weekly (-0.3)
Aggressive Portfolio – 9.2% weekly (+3.2)
Optimized Portfolio Premium (for investments of $1000 and above) – 11.3% weekly
Aggressive Portfolio Premium (for investments of $1000 and above) – 12.2% weekly“.

Let’s now talk about short-term programs and the most interesting of them all is definitely GearsOfProfit (reviewed here). The program is paying 103% after 1 day, 108% after 2 days and 114% after 3 days and has been successfully running for about a month already. The admin of the program Rick (interviewed here) asked me to report about a copy-cat site that is probably out to confuse the investors and earn some money on the popularity of GearsOfProfit program. Here is what he’s going to tell about that:
“WARNING: Someone have opened a new site and copied GearsOfProfit design. This is NOT our site and maybe SCAM. Check: http://invest-ltd.com”

NanoMoneyCorp (reviewed here) seems to have solved the problems some members had accessing their accounts and requesting withdrawals. My 30 day investment plan in NanoMoneyCorp has expired today and I managed to successfully re-deposit it after the last withdrawal request was paid very fast to my LibertyReserve account. So I must conclude that NanoMoneyCorp is really back on track now and there are no issues anymore.

Poplans (reviewed here) increased the profits on their plans again and the rates are now the following: 13.11%-17.11% for 10 days, 142.83%-200.83% after 10 days, 252.5%-452.5% after 30 days. Moreover, a new hourly plan where you can withdraw your profit every hour has been added and you can invest in it using LibertyReserve and PerfectMoney. Well, I must say that usually I’m strongly against hourly plans but in case with Poplans they seem a bit more sustainable as you will be paid 0.11%-0.19% every hour for 5 days and then you will get your principal back. So even with the lowest rate of 0.11% hourly you will be getting 2.64% profit daily for 5 days and in total it will be 13.2% pure profit after 5 days which looks quite sustainable for me. Of course, I don’t advise you to join Poplans with thousands of dollars because it’s simply a game but you may want to test it with an affordable amount as the program appears to have become a surprisingly good performer. I’m currently on the second 10-days cycle and getting paid very fast daily.

ForexExperts (reviewed here) is still paying everyday without any need to request cashouts. Today the admin of the program Wendy sent another update where she announced that the bad votes on GoldPoll monitor had been deleted. Also it was said that SolidTrustPay and AlertPay have been added but strangely if you want to deposit via these options you should contact the admin of ForexExperts and do it manually. I found it rather unusual and can only wonder why this should be done this way. Anyway, here are the most recent updates from ForexExperts:
“I have sent you the message about bad votes on Goldpoll. Then I contacted Jeff, admin of Goldpoll. Jeff removed those bad votes. Now these guys began to post bad votes on forums. I do not think they can get a single cent from me. And I also wish you can give me more supports on forums and monitors.
I send you a message yesterday about SolidTrustPay and AlertPay. I received many replies from our members. Most of them think it is good. So I have decided to accept SolidTrustPay and AlertPay. But I will not add it to the deposit page. If you want to make a deposit via SolidTrustPay and AlertPay, pls contact me first.”

By the way, let’s highlight some news from payment processors. You should be aware that today is a Bank Holiday in Canada and so all the bank transfers made in SolidTrustPay (which is a payment processor based in Canada) will be delayed for obvious reasons. Here is an update from SolidTrustPay support staff:
“Monday, May 18 is Victoria Day in Canada. Our offices will be closed for phone support. We look forward to serving you again on Tuesday, May 19. NOTE – all bank transfers will be delayed by one business day as a result.
MEMORIAL DAY in the United States is NOT a holiday in Canada, so our offices will be open on that day. Thank you!”

Another popular payment processor AlertPay announced some new useful features which you will be able to find in your member’s area:
“Even more New and Improved Business Tools!
This has been a busy new year at AlertPay. Business and Personal Pro account holders can now enjoy a wider variety of Business Tools to help make running an online business easier than ever before. Aside from a new Multi-Item Checkout feature, we would also like to tell you about two other new and improved features:
Mass Pay – If you have weekly payouts like commissions or referral payments, this is a fast and effective tool for you. With this improved feature, you can view past batch payment details and locate individual payouts without effort. You will also know right away which payments succeeded and which did not so you can send them again. Please visit the Dev forum for more information: http://dev.alertpay.com/forums/t/3265.aspx.
IPN Upgrade – Many of our sellers have to contact us when they do not receive an IPN post for a specific transaction and we have to send it again. Since this is an inconvenience for our Business account members, we now send up to nine IPN posts until we get confirmation that their server has received the post. Please visit the Dev forum for more information: http://dev.alertpay.com/forums/t/3261.aspx
We hope you take full advantage of these improved features and that they help make running your business a little less stressful.”

Another payment processor with some quite shady origins is EvoWallet. It strives to compete with the giants of payment processor industry but I can see that it can’t be considered as a serious rival yet. Maybe it’s for the best because we all know what happened to AlterGold payment processor in 2008 and many are linking those payment processors with each other claiming they (and I’m almost sure of it) are from the same owners. Anyway, if you’re a member of EvoWallet you might be interested to read the most recent update published on their blog:
“Greetings to All EvoFamily Members, We have been putting in place several major changes these past 3 weeks, and we apologize for any issues you may have experienced. Our CEO was also called away on an urgent family matter, and is expected to return next week, so this has been a rather difficult time for us.
The good news is that we now have over 14,000 EvoWallet members, and growing daily!
Watch for a “New and Better” EvoWallet in the very near future! Evo was born only 5 months ago , and we are more than proud of her progress!! As all processors do, we have had to meet the challenge of several glitches along the way, BUT we have risen above them and overcome! Many thanks for the support and encouragement of our Evo Family.”

I was paid for the last 24 hours from the following programs: GoldNuggetInvest, VentureFundsGroup, NovalexFinance, USDozen, HighRiseFinance, EdwardBrownInvestments, NanoMoneyCorp, GearsOfProfit, EnscoOffshore, EwoCapital, Ivy-Castle, GeniusFunds, AsianInvestGroup, SteadyGrowthInvest, StableInterest, InvertsmentForge, TraderSolid, Poplans, DamexTrade, OakCash, ForexExperts, LonixFinance (the first payment received), Fexity (the first payment received) and TheDollarDiggers (the first payment received). You might be wondering what the last three programs are and why I never mentioned them on my blog. The answer is simple: I joined them all just yesterday and am going to introduce them on my blog right now.

The first program I joined is an HYIP called LonixFinance. It’s a short-term program with a very simple plan of 26.6%-30% paid daily for a period of 4 days. The minimum to deposit in LonixFinance is only $5 and all the popular payment processors are accepted including LibertyReserve, PerfectMoney, StrictPay and SolidTrustPay. If you want to deposit less than $1K you profit will be 26.6% for 4 days which will give you a very sustainable 106.4% in 4 days or 1.6% daily. So I think LonixFinance is a program that has a good chance to become a long-lasting one. The program just launched yesterday but the first payouts have already been processed. Among the features I like about LonixFinance I could mention include a licensed GoldCoders script, quite a decent design, multiple choice of payment processors and the fact that it’s brand-new. Things I don’t like about LonixFinance are stolen texts, hosting on a shared server and an obvious lack of DDoS-protection. You will be able to read more about LonixFinance in the upcoming review of the program which will be published on my blog very soon.

The second program is an autosurf TheDollarDiggers. The admin of the program Thomas asked me to announce his program on major forums although the program is now only in so called “Soft Launch” meaning that the maximum allowed to upgrade is limited by 40 ad units ($200) each of them will cost you $5. Full Launch of TheDollarDiggers is scheduled for June 1st and then the maximum amount will obviously be raised. At the moment TheDollarDiggers accepts LibertyReserve, StrictPay and AlertPay with plans to add SolidTrustPay pretty soon. The plan is 2% for 15 days with daily payouts and the principal returned on expiry. You will have to surf 15 sites daily to earn your daily rebates. The minimum to withdraw is $1 and there is 2.5% withdrawal fee applied on each withdrawal so you will actually receive less than 30% profit in 15 days. TheDollarDiggers is hosted on a dedicated server and utilizes Neversay script. I think it’s a good idea to limit the amount of deposits during the early stages of the program and the gradual increasing of this amount which will surely make it more sustainable in the long run. I hope the admin of TheDollarDiggers has good intentions and I’m going to review the program on my blog in a couple of days. Stay tuned for that!

And the last program (but not least) that I joined yesterday is Fexity. This is definitely the most interesting program which I seen for a while with a totally customized script and medium-term sustainable plans. Fexity just launched yesterday and accepts deposits with a minimum of $5 via LibertyReserve, PerfectMoney and StrictPay. There are two plans on offer: daily and weekly. For the daily plan you will be paid 2% daily for 15 business days with the principal returned on expiry (130% total return). For the weekly plan you will be paid 15% weekly for 3 weeks with the payouts made on Sundays (145% total return). On both plans you will be getting from 5% to 35% so called Fexity additional bonus that will be added to your account within the 12 hours of investing so your total profit can be even more. Moreover, you can withdraw your principal even before your original investment expires with 10% fee. The investing process in Fexity is a little bit complicated and I will tell you about it in detail in the coming review which will be published on my blog very soon. Actually, you can make your deposit in Fexity even without registration. After you choose your username and submit and pay for your deposit you will be sent a login key via email which you will be using for accessing all your account details. The program has a very original design, customized script and hosted on a dedicated server. Fexity is supposedly trading on Forex and the texts on their pages are original and not stolen from other sites. The admin of Fexity Juliette showed herself as a very proactive admin quickly answering all my questions about her program. You can also contact her via Live chat or Fexity forum which has just been opened. I honestly consider Fexity as one of the most original and promising programs which might run for a long time. It just launched yesterday so I guess it’s a very good chance to be in profit from this one. I have already moved the program to my Personal Favorites list after receiving the first payment. I hope Juliette will not disappoint us and Fexity will become a popular and long-lasting program.

That’s it for today and I will see you on my blog tomorrow, guys! Stay tuned as there will be many new reviews coming up this week.