15/07/09. Interview with the admin of OnisGroup

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

Hi guys! Well today I’m really pleased to say I have a real treat in store for you. It’s an interview with Paul Erdman from OnisGroup. An online money making opportunity that requires little introduction to many of you, in fact it was a number of readers here that first brought them to my attention, OnisGroup have been plying their trade on the net now for the better part of six months now. And it looks to be turning into one of the major players.

Of course I came into this program a bit late in HYIP terms so they haven’t quite pushed their way into my top 5 favorites list yet. Will they ever? Well that’s up to them and I’ll judge it entirely upon merit, but I can tell you now they are making a good start!

So before we hear from Paul, let me remind you that OnisGroup are a medium to long term program paying from 1% to 2.5% daily for between 30 and 90 days. But actually first you should read my original review published here.

“1. Hi Paul, please introduce yourself to the readers of MNO and tell us a bit about your own involvement in OnisGroup. Is this your first online venture? What other experience do you have in this Industry?

On behalf of OnisGroup I wanted to start with expressing gratitude to MoneyNewsOnline staff for inviting us for the interview and for providing another opportunity to talk about OnisGroup. My name is Paul Erdman, my official position at OnisGroup is program director. OnisGroup is not our first venture, in the past we ran an investment service with significantly higher minimum deposit requirements as it was geared mostly toward wealthy private clients. I should also mention that not everyone from the old management team and workers is involved with OnisGroup. There were a number of limitations we had to continuously overcome with our prior venture, therefore we moved on to the establishing OnisGroup, with, what we thought and eventually found indeed to be, a lot more flexible and more rewarding venture.

2. Can you also give us some background history on OnisGroup? Why did you decide to open a program and what are you expecting to achieve by this? Do you have a business partnership?

We made a decision to move to OnisGroup business model, because it allows a lot more people to participate in it, thus creating very predictable cash flow. Such “predictability” is extremely helpful in running business, because it allows us to plan our trading activities with maximum efficiency. One of the practical shortcomings of having a program that require over $10,000 initial deposit (traditional approach) is smaller number of investors and, in turn, a lot less predictable cash flow.

To help running the program smoothly, we do have business partnership – the OnisGroup. There are two tightly interacting teams in this partnership – traders group and support/technical group.

3. What are the plans you are offering investors? What are the minimum and maximum amounts to spend? What payment processors are you currently dealing with? Are payouts automatic or do I need to request them?

All profits are credited to user accounts and need to be either requested for withdrawal by users, or re-invested. We typically process such requests within less then half a day. Our payout plans are sufficiently flexible to meet the demands of almost every investor.

Plans vary in investment terms and earnings depending on the amount invested. To see plan description in greater details, we are inviting the readers to visit our website’s “Payment Plans” section. To accept deposits in the program, we work with several payment processors, LibertyReserve, PerfectMoney, Pecunix, V-Money, StrictPay, and AlertPay (listed NOT in order of preference).

4. How would you best explain to someone who has never heard of an HYIP before how the whole thing works? From the very first moment I decide to invest until the time I receive my first payment, what happens? What do I need to do and what then goes on behind the scenes?

A while back, the official financial establishments abandoned the term High Yield Investment Programs and with the help of (controlled by them) media, they went an extra mile and practically stigmatized such programs. In reality, while indeed there are cases of abuse in HYIPs, “the establishment” simply could not bear the competition from smaller private funds, who very rapidly began to take over their investment clients. In reality, the mangers of “establishments” are not willing to give up their personal luxury lives at the expense of investors, while highly proactive and competent private funds managers (including HYIPs) would generously share greater portion of profits with investors. The exact profit generating model of each HYIP is different, be it securities trading, or some direct investments in promising businesses, but common denominator in all, is High Profits, delivered to investors.

At OnisGroup, profits are generated mainly via common currencies trading on FOREX and relatively longer term trades are also made on Stock market. With an addition of continuous funds transfers between our payment processor and trading accounts, this is what one may call a “what is going on behind the scenes”. Considering the mode of our program operation, what investors need to do, is to create payment processor account, make the initial deposit and request daily payouts by logging in their OnisGroup accounts. Users may create additional deposits, re-invest, or compound their earnings at any time.

5. The first thing new visitors might notice of your website is the Comodo symbol on the bottom right hand side. Can you explain what that is? How did you get it? Also explain why investors should welcome it. Why is it beneficial to the program?

OnisGroup is secured via world’s recognized certification authority – Comodo.

The process of such certification and verification involves purchasing of the website certificate, followed by verification of company documents by Comodo, requested via regular mail. Once this process is completed successfully, Comodo is issuing a special seal for placement on company website, which is what our users and visitors can see on the main page of OnisGroup. The importance of obtaining and displaying such seal is in the fact that Comodo is an official trusted independent party specializing in business verifications, which basically is the message we are sending to our website visitors.

6. Tell us in as much detail as possible about the security features of OnisGpoup. Are you on a dedicated server? What measures have you taken to protect the program from DdoS attacks and malicious hackers? What about the script?

We take user accounts security issue very seriously: Our website is hosted on a dedicated server, it also has advanced DDoS protection offered by one of the most reputable rating services, GoldPoll, and our unique hacker proof script has been designed and created specifically for OnisGroup.

7. What advertising strategy are you using to further promote OnisGroup among potential new investors? Are you happy with the level of support offered by existing members?

Our promotional focus is primarily in quality fulfillment of our promise to the investors. Simply put, we deliver the expected and beyond. Generally speaking, we believe that our program is self advertising, due to its apparent success, but we do follow traditional advertisement methods, which is what investors are expecting from any financially stable program, such as OnisGroup.

8. What about the success of the program overall so far? Are you pleased with the level of growth to date? What are your expectations over the coming months?

The overall program success, which we believe it is, must be, at least in part, apparent from the fact that we have been officially servicing investment community for over a year with no unfulfilled obligations and this can be confirmed via a multitude of independently operating review and monitoring websites. Defining the “growth” based on operational capital, we are definitely on a very positive side, which is a well known fact to our investors, who have been using our services for longer period of time. Membership growth is already not something we are actively pursuing today, but we certainly welcome everyone who will join us.

9. What kind of customer support do you offer members? What is the best way to contact you if we have any questions about the program? Do you offer telephone or e-mail support?

Based on only positive feedback we received from users and read about it elsewhere, we believe that we are providing adequate support to our members, in the most sufficient and efficient way. We are providing support via e-mail, working practically 24/7/365. Our phone support is working from 9am to 5pm GMT (English/French). The best way to address any issues would be by using contact form on the website, because such requests would be answered in more complete and structured way.

10. I tried your phone number but all I got was a recorded message from the operator telling me the number I dialed was incorrect and not valid. What was the problem there?

This may have been a result of some technical issue on one of the ends, such as dropped/malfunctioning circuits. The phone support is and was available and we have been receiving calls from many users. You are welcome to redial or request a call back. However, considering the amount of extra publicity we are expecting from this interview, we would ask readers to not place calls without essential reason.

11. Maybe you could tell us more now about the outside business interests of OnisGroup? How are you investing members money? I have seen hundreds if not thousands of programs claiming to be involved in things like Stocks bonds and ForEx trading but have never seen a shred of evidence to prove any of it. How can investors independently verify the truth of any of these claims?

I obviously cannot claim for other programs you have seen and I understand the basis and the underlying reasons of these questions, but to your readers I would like to point out that the actual number of global funds and programs involved in these investment activities, is probably closer to hundreds of thousands. On this planet, contracts based commodities and currencies trading, is the only driving force of national and global economy. Such trading today, is the most accurate instrument, which allows to determine relative value of any given commodity, be it national currency, or a particular business. OnisGroup is one of the ventures, systemically capitalizing on markets’ volatility via active trading. The investors’ share of company trading profits is shown in daily published rates. These rates are reflective of both, actual profits derived from trading activity and, factored in, reserve fund deposits or withdrawals, depending on current trading results.

12. With so many new programs coming online every day, what would be the one thing you would say to investors who are still undecided on which program to pick? What are the benefits of joining OnisGroup over any other program?

We, at OnisGroup, have a very positive projection for our program for the future. The benefit of joining the program is our time proven solid performance. Those investors who are considering joining us, but have not decided, should probably communicate with those who did, using open discussion on public forums dedicated to investing.

13. As you run your own program I guess its fairly safe to assume you’re also a regular player in the HYIP business. Would you like to share any of your past experiences, good and bad, with the readers of MNO? Without asking you to advertise your competitors, but was/is there there anybody around that you would point to as a good example of how an online HYIP should be run?

The answer for this question is my own opinion and it may not necessarily reflect that of the rest of the OnisGroup management and support team:

Although our very lives and our day to day activities can be seen as “a play” from “some above”, I do not consider myself as “player” when it comes to finances. In other words, no, I do not play with money, I make it. While I cannot force my opinion onto everyone around, I would prefer that the program I am part of is treated seriously.

If I were to absolutely have to pick another program (which is only some imaginary situation for me personally), then in addition to OnisGroup, I would probably go with more than one, from the list of those that have comparable to OnisGroup, proven, long term, positive performance record.

14. And finally, as a professional admin yourself, what advice would you offer newcomers in the online investments industry? How can we maximize our earnings and avoid all the “get rich quick” style scams?”

Those exploring the investments online, are definitely on the right path. Welcome to the future!

The investment world does not end with Fidelity Investments (c) and Bernie Madoff is not the only rock on the road of true financial freedom and independence. Being an active participant in the global economy is the right way to go, but it does take learning. Wishing everyone to have as few “hard lessons”, as imaginably possible.”

Thanks a lot to Paul for that. I know with the ever increasing membership level this much surely taken up a lot of his valuable time so his commitment to providing the best possible online investment experience is surely amongst the best available now internationally.

Usually here I’d find myself saying that a program like this has a huge amount left to prove, but in the case of OnisGroup they’re already almost there! The planning, the research, the development, and the most important thing, the proven track record, are already there for OnisGroup. So maybe with one great big push we the members will take this from the list of good programs to the list of great ones.