26/08/09. PreviaTrust Review and Other News

THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T DEPOSIT!

Hi everyone! Today as promised in my last update I’ll be taking a look at a new and promising HYIP called PreviaTrust which I joined last week. I’m only reviewing it today because first of all they don’t pay on weekends (I joined on Friday) and of course after that I was busy with other things. Namely enjoying my vacation time. And I can tell you that as my week in Norway comes to a close my first visit here will certainly not be my last. But I will be leaving in the small hours of the morning for the final leg of my journey which will take MNO to Iceland for a week before returning home. On a side note I would just like to say that on the course of my recent travels I have often fell behind with keeping up with my e-mails from you guys so let me just say thanks for bearing with me and I do appreciate your patience.

Of course I’m sure you’re not interested in all that so let’s get on with the review! PreviaTrust is the latest offering to come from the short term HYIP assembly line that seems to be churning out good programs at the moment. As I said before there seems to be millions of programs like this one around now, but as long as they’re good who cares? So is PreviaTrust any good? Well I guess that’s a relative term but in my own opinion it’s definitely a lot better than many of the short term programs launched recently. Not the best, but still above average.

The first thing that makes me say that is the investment plans. As far as high ROI programs go they may not look as profitable at first glance as the likes of the current short term leaders but that doesn’t have to be entirely a bad thing either. What looks like a smaller reward can actually be a more sustainable reward and therefore a lot more profitable than you might first think. Basically, they will pay you less but will pay you for longer. Let’s look at PreviaTrust‘s plans for example. There are three of them to chose from and something to suit every budget.

The first one is called the Standard Plan. It offers a daily rate of interest of 8% of your principal and gets paid per business day, i.e Monday to Friday. It is open to deposits from just $10 up to $500 and it runs for 14 trading days. As is the norm with short term plans your principal is already factored into the payments so don’t go looking for that at the end. Your total profit will add up to 112%, so in other words invest $100 and get back $112. What could be simpler?

The next plan is called the Intermediate Plan and it’s open for deposits ranging from $501 to $1000. This one expires a little earlier at 13 business days and offers the enhanced ROI of 9% per day, paid Monday to Friday. That all ads up to a total of 117% of your initial deposit, or 100% of your principal plus 17% profit.

And finally, for those feeling really flush with the cash we have the so called Advanced Plan. Entry here will set you back a minimum of $1001 and will accept a maximum of $5000. OK, that’s a lot of money in anyone’s eyes but is relatively small when compared to the wider HYIP picture. It might be kept that way to guard against hit and runners, but then again I’d say it’s only a small minority spending figures like that on a regular basis. But anyway, for your deposit here you can expect a daily payment of 10% interest for 12 trading days. That all adds up to a respectable 120% return, or 100% of your deposit plus 20% profit.

Sustainable plans all round (in HYIP terms) and one not really a substantially bigger risk than the other. And as has been proved by a couple of programs recently, good admins with proper management skills can run programs like this for months rather than weeks. Where PreviaTrust lets itself down though in my opinion is the choice of payment processor. I mean it’s not bad and does include LibertyReserve, PerfectMoney, and StrictPay. All fine options in their own right. But that is increasingly considered “standard HYIP fare” these days as the programs that really rule the roost in this game will accept SolidTrustPay and AlertPay as well. Not a difficult problem to fix however if the admin cares to consider this. The other point I’d just like to make about the plans is that you are free to request your payout seven days per week, but you will only ever receive it from Monday to Friday.

Design and security are well up to standard with MonetarySoft providing the script. If you’re not familiar with them they have been slowly but surely carving a niche for themselves in the online investments business and you can read my interview with the script’s developer here if you would like more information on them. The hosting provider is Koddos who are also well up to the task of ensuring the security and consistent uptime of any online program. PreviaTrust is of course hosted on a dedicated server. So few worries there.

The FAQ page is a little thin with just the bare essentials being covered but there are discussion threads open on the main forums and the admin has been fast enough to answer most questions thrown at him so far. If you wish to contact him directly you will have to do so via the PreviaTrust website and submit a support ticket. Live Chat is also available so that’s a major advantage. I can’t really say though how many hours per day it’s available.

As the program grows though, and believe me it undoubtedly will, the area of payment options is really the only one the admin will have to look into. And if he wants to keep pace with the market leaders he really should try. PreviaTrust is a program of enormous potential and if it is to be fulfilled then this really does need to happen. Not to make too big a deal out of it either of course, I simply repeat it because it’s the only drawback I can see to an otherwise well rounded and well thought out program.

The bottom line is that PreviaTrust won’t be the market leader today or tomorrow, but it won’t take that much effort to push it that extra mile either. It launches at a time when some of the better known names in the area of short term HYIPs are in decline and start to falter so the opportunity open to the admin here is simply gigantic if he’s sharp enough to recognize it.

As for the rest of us the usual rule of joining early to minimize risk and maximize profit still applies. So think about it, make your decision yes or no, and stick by it. But personally I think PreviaTrust is worth a few bucks.

Other news for today.

Let’s start with BestInv program (reviewed here). The program was doing well enough even after seven weeks online which is simply impossible to imagine with such high-paying plans like 120% after 5 days, 145% after 10 days and 175% after 15 days that the program was offering to online investors. Is it all too good to be true? Well if BestInv survives another week online they may yet implement their new long-term plans that were promised in one recent update. According to some complaints from my readers I have received today it might prove a real challenge. Mostly the complaints were connected with the script when withdrawal requests miraculously disappeared after some time and were put back to the member’s account. It could be just a glitch but then no answer was given from the support of the site it looks kinda weird. I can understand that the program has over 10,000 members and sometimes it’s hard to cope with such a huge membership. But sometimes it’s really important to address the members’ concerns and get their issues solved in double quick time to maintain the good image of your program. Yes, I agree that the payouts are still being processed fast in BestInv and usually I get paid by them within 12 hours, if not less. But what happens if the unsatisfied members keep complaining on forums and put bad votes on major monitors? The program will simply collapse, sooner or later. That’s why I have contacted the admin of BestInv Olivia (interviewed here) with a request that she sort out the issues some members have in their accounts. Hopefully it will be acknowledged as I try to act in the best interests of both the program and its members. We all know that such programs as BestInv are heavily dependent on new deposits to pay to existing members. Everybody knows that it’s very easy to damage a good program that otherwise would pay investors for weeks and so I would prefer not to panic just yet. So I will give the admin the benefit of the doubt in this matter and allow her another 24 hours to reply me. Anyway, if you have any issues with your account in BestInv please don’t hesitate to contact me at abramsonp@gmail.com and I will try to help you forward the message to Olivia. Actually somebody on one of the forums posted some news from BestInv but I’m not sure if it’s official so just take it with a pinch of salt. Anyway the info is below for your information:
“Good News From Bestinv admin
The admin of BestInv Olivia was sick for the past days, because of this she was not able to provide online support in forums and instant messengers. Now Olivia (admin of BestInv) is back online and she is ready to answer your questions and doubts and also solve your problems if any.
You can contact BestInv admin (Olivia) via Yahoo messenger.
Her messenger id is: olivia_help
And one more good news for BestInv investors. BestInv will be introducing new stable plans that offer 1-3% profit per day on 1st Sep, 2009.”

As for its twin PlusInv (reviewed here) it seems to be still doing well and paying to everybody on time for all three plans of 112% after 3 days, 130% after 7 days and 310% after 30 days (actually nobody has received anything from the last plan yet as PlusInv has been online for less than three weeks). I can confirm that the payouts from PlusInv are being processed extremely fast and sometimes I even get my payouts done within minutes after a request is made. It seems the admin of PlusInv Jenny (interviewed here) has nothing to say to the members of her program but rather to announce another batch of bonuses that are going to be credited to your account in case you invest big amounts:
“We Have A Special bonus For All :
I)For your first deposit :
1)We Will Add $50 As Bonus For Deposit Of $500 And More
2)We Will Add $100 As Bonus For Deposit Of $2500 And More
3)We Will Add $300 As Bonus For Deposit Of $10000 And More
4)We Will Add $500 As Bonus For Deposit Of $15000 And More
5)We Will Add $1000 As Bonus For Deposit Of $20000 And More
II)For your second deposit :
1)We Will Add $20 As Bonus For Deposit Of $500 And More
2)We Will Add $50 As Bonus For Deposit Of $2500 And More
3)We Will Add $200 As Bonus For Deposit Of $10000 And More
4)We Will Add $300 As Bonus For Deposit Of $15000 And More
5)We Will Add $600 As Bonus For Deposit Of $20000 And More
We work for you more than 20 days and we always pay.
Thanks for your trust! Jenny. PlusInv.”

The admin of another very successful and fast-growing program StableRoi Bred (interviewed here) had some mistake with LR payouts and some members (including me) received multiply payouts on the same amount. Bred kindly asked to return the excessive amount which I’ve done and encourage everybody that received such payouts to do the same. Remember that nobody is insured from making mistakes and even the admin of StableRoi is just a human being so it’s excusable. Here is the latest update from StableRoi regarding this issue:
“Hello dear StableRoi member
Today when we were sending out payments an error occurred and payments were sent multiple times!
Check your LibertyReserve account and please send back excess amount that you received from StableRoi account!
Your assistance will be appreciated.”
I remind you that StableRoi is a high-paying program with two plans on offer: 120% after 5 days and 150% after 10 days. After just 12 days the program has processed the first payouts on expiry and managed to reach over 900 members investing over $95,000 in deposits. I think it’s a great result for possibly another really big hit among short-term programs. Further details of the program can be read in my detailed review of StableRoi published here.

It seems the admin of TenTraders program (interviewed here) was really ticked off by members who simply don’t read the updates and therefore complain on forums and monitors once their withdrawal request goes beyond 24-hours. If they would only pay attention they would have noticed that the withdrawals are being processed only once per day and it takes up to 7 hours to process them all. I remind you that TenTraders program (reviewed here) has thousands of members due its high-paying plans starting from 107%-109% after just 1 day. Therefore it takes so long to process the payouts (sometimes up to 24-32 hours). Actually it was their first update for today that extended the time frame for payouts from the current 24 to 48 hours and I cannot blame them for it if the members of TenTraders misinterpret their updates and simply damage the program by the casting of bad votes when everything is fine. Remember that such high-paying programs like TenTraders can go down very quickly and it’s in members’ interests to maintain the Paying status of the program at all times. That’s why I found the following update received today quite reasonable:
“Hello TenTraders Members,
All withdrawals untill 11:59:00 Aug-25-2009 and so some of 26 Aug withdrawals has been sent.
All withdrawal requests times have been saved and will be processed.
Just I should say we saw some bad votes in monitors that 100% are for some unfair members that never read our newsletters well. And they can not calculate correct time of this 0-24 hour.
For this reason and because of more than 8000 members and for reduce fake bad votes, we will process withdrawals within 0-48 hour from today.”

Just a few hours later though I got another email when the admin informed me that after some consideration they decided to leave the time frame for processing the payouts within the previous 24 hours period. In exchange they asked members not to cast bad votes when the withdrawals are slightly delayed and monitor owners – to delete all bad votes that was caused by such delays. Again I’m repeating that if your withdrawal request in TenTraders is pending for over 24 hours don’t panic. Just read the following update (the most recent one) from them:
“Hi everybody, We decided to send requested withdrawals the same 0-24 hours after request but we need your patient for doing that. maybe it takes 3-4 hours more than 24 hours or less. Then please don’t send many mails about it because we can not answer to all mails.
Please understand us, we have more than 8000 members and this is not easy to send all withdrawals very fast.
Please let us do our best for you.
Thank you for your understanding.
For Monitorings: please delete bad votes about pending withdrawals because we are processing all withdrawals very well. We need help of you and members to reach to best investment cooperation.
Thank you very much.”

SolidCapital (reviewed here) announced a voting contest. The winners will get some cash prizes. This is obviously done by the admin of SolidCapital to encourage genuine good votes for the program and therefore make it more popular among investors. Everybody that is a member of SolidCapital can participate in this contest and possibly win. Here are the rules:
“Dear investors!
Please, Vote for our company after each payment and get $100!
Winners will receive prize 31.09.2009
1 place – $100. 2 place – $70. 3 place – $50.
Rules:
1) You should add your username in each voice
2) You must have an active deposit”.

As you know I reviewed WLInvestments program recently (read it here) but haven’t interviewed the admin yet. It was because she promised to introduce some drastic changes that will change her program for the better. So now it seems more payment processors were introduced and you can deposit via different methods now. Also it seems WLInvestments is going to announce more changes in the next three weeks. What changes exactly remain unclear, but we’ll see soon enough. So far WLInvetsments has been paying me without any complaints and you’re advised to look into this if you’re interested in a new low-ROI program. Here is the long newsletter from the admin Selina:
“Dear investors and friends,
This is our second news letter and will outline a) some important improvements which we have undergone or will achieve in future, b) our performance this far and c)our policies.
a) Addition of new payment processors – We have added PerfectMoney, StrictPay, Pecunix, EcuMoney and HD-Money as payment processors last week. Payment gateway has been implemented and is fully functional on our Invest Now page (http://www.wlinv.net/invest-now.html). To best of our knowledge, they don’t have any technical problems. In case you encounter any technical problem (like directed to wrong page, any technical error etc) in using the payment gateway, just report it to Ms Machteld Larsen, Technical & Administrative Desk (technical@wlinv.net). You will receive $5 to your ecurrency account for reporting it to us.
b) Addition of payment processors in future – SolidTrustPay and AlertPay are two other payment processors which should have been implemented. STP is not ideal payment processor to be included, primarily because of lesser than satisfactory level of safety they have implemented to protect the funds and private data as well as periodic, unannounced downtime of their website. Under such situation, we will not include them and risk our funds or that of our clients, just for the purpose of increasing the possible investment with us.
On the other hand, AlertPay will not be implemented, simply because their excessively high fees will be enough to trim down the wafer thin profit margin (the profits which we make for ourselves after distributing the profits to the clients) to almost nothing.
Thus, SolidTrustPay and AlertPay will not be accepted by us.
c) Our business practice policy – WLInvestments has been one of the most transparent investment program out there. That’s why, we have uploaded our certificates and biographies of our employees. All details of our program are completely verifiable directly via us or by independent third party. These documents and biographies could be located at http://www.wlinv.net/news.html, http://www.wlinv.net/biographies.html and http://www.wlinv.net/photo-gallery.html.
It’s simply disgusting when I look upon “7000 members (TenTraders), 705 members (GloriousProfit), $83,000 and 800 members invested (12DailyInv), $1 mln invested (InvestiMates), 10,000 members (BestInv), 500 members (AdsDailyPro)” and so on and so forth. Interesting to note that most of them are closed or paying selectively. Moreover, those who don’t fall in first category, they are lesser than a month old. The first rule of good business practice is to being ethically and morally correct, which couldn’t be achieved when a company falsifies its performance numbers.
So we don’t care about what business practices our competitors are following, we would always declare 100% factual statements on all counts.
Furthermore, we also don’t believe in “begging” or requesting our clients post or vote for us on forums or monitors. Our performance page explicitly states “You are welcome to comment (for or against) at the following “. Moreover, we had never said our investors either via email or on forums to post, vote or promote us. We consider our investors as knowledgeable intelligent individuals who know themselves what to do. This is sharp contrast to a big % of our competitors who not only beg or request clients to support them everywhere, but also use fake voting. We have 100% firm on our policy of absolutely no unfair promotion irrespective of anything.
We never flood your mailbox with newsletters or updates, unless we have some pressing news or updates to be conveyed.
In case you find any of our business practices unfair or want to suggest us to implement new practices to improve ourselves, please feel free to report it to Dorothy M Long, Human Resources Desk (humanresource@wlinv.net). Again, if your suggestions are great, you will receive $5 to your ecurrency account as compensation from us.
d) Performance – Following performance numbers are also 100% factual and free from even $1 overstatement.
Number of days since start – 60 days, Total investment – $1516, Total members – 16, Highest deposit – $200, Currency wise – $1466 via LibertyReserve and $50 via PerfectMoney.
e) Regional Directors – We are now accepting applications for the post of Regional Directors. Regional Directors will have their contact details published on our website (allowing interested local folks to contact you which will become your referrals), receive 10% instead of 5% referral commissions and (on request and subject to approval) email address of @wlinv.net extension.
f) Future plans – In 3 weeks of time, we will have major website functionality improvement. We will make our Invest Now page more user friendly and will possibly implement a link to monitor investment status page (to allow investors to see how much profits paid till now on daily basis and similar information). Moreover, we will also implement a provision for referral links.
g) Big surprise – Wait for 3 weeks, we have a big surprise for our investors and also for those who still consider us yet another unprofessional or amateur hyip. I personally assure you is, this will be by far the highest level effort from us towards trust building and projecting our true identity (an of course not being implemented by any of our competitors). Unfortunately, for this, our website may be down for at least 2 days (which can happen anytime during next 2 weeks), however there is nothing to worry about it as no daily payments will be skipped on this count and you will still be able to communicate to us via email.
As always, we welcome your comments and suggestions!
On behalf of WLInvestments team, I thank you all for continued trust and support with WLInvestments Inc, Co, Ltd.
Best Regards, Selina M Johnson, General Enquiry Desk, WLInvestments Inc, Co, Ltd”.

12DailyInv and CashXpress are going to scam listing now. It seems that the admin of 12DailyInv scammed everybody and used yesterday’s reply to me as an excuse to calm down investors. Now 12DailyInv is officially confirmed as a scam (which I’m extremely surprised by). Also please be aware that I haven’t received a withdrawal to my STP account from RoyalFex for over 24 hours. Since such a time frame for processing the payouts is specified on his site I have contacted him already and asked for an explanation. I will give him the benefit of the doubt and will leave his site in Paying status for another 24 hours, especially considering that no complaints have been submitted yet. I hope that is just a glitch that will be fixed soon.

Other programs on my monitoring page that paid me for the last 24 hours include: PlusInv. TenTraders, BestInv, StableRoi, Verifield, PanaMoney, SolidCapital, GeniusFunds, IncoForex, LiberalTrade, WLInvestments, GloriousProfit, OnisGroup, GoldNuggetInvest, ExcellentProfit, CoolReturn, InvetsmentForge, StableInterest, RoxiTrade and NanoMoneyCorp. That’s all for today and I will see you on my blog tomorrow (from Iceland!) with more news from the Industry!