26/08/2010. ForexCompanyOnline Review and Daily News from the Industry

BEWARE! THIS PROGRAM IS PAYING SELECTIVELY! PLEASE DO NOT INVEST!

Hi everyone! It looks like it’s going to be a busy enough finish to the week for me over the next couple of days, and after the summer we’ve had I’m not about to complain! In addition to a couple of new programs added to the MNO monitoring page that I’ll be looking at in more detail there is also some big news concerning the MNO forum that I’m very pleased about. More on that in the news section at the end but first I want to look a little bit closer at a new HYI program with multi-length plans called ForexCompanyOnline.

Investment plans in this one range from short term to perpetual ones with no expiry date. However it’s not just a simple matter of choosing the one you like best as the plan you find yourself in will be based on how much you are prepared to spend. The longer term plans being reserved for the bigger investors. ForexCompanyOnline still has something for every budget though as you can join for only one single dollar.

The first of four available investment plans runs for 12 calendar days. Minimum investment is $1 and the maximum is an unusually conservative $100. It may not attract the bigger investors (I mean obviously it won’t!) but at least Hit-and-Runners shouldn’t be too much of a problem. Anyway, the plan makes daily interest payments of 1.15% which add up to a total of 13.8% profit on expiry. Your principal is then returned.

It’s pretty tempting to regard that first plan as a test plan, however when you consider that the minimum deposit required for ForexCompanyOnline‘s second investment plan is $101 then it begins to look having a lot more mass appeal. But if you do want to go a bit further then you can earn 1.74% interest per day for a term of 26 calendar days and deposits between $101 and $1,000. Your total profit would add up to 45.24% by the time the plan expires, and your principal should then be returned.

For a more medium term investment ForexCompanyOnline offer a plan that runs for 52 calendar days. Interest payments are still made on a daily basis and are made at a rate of 1.96% per day. It’s a relatively expensive plan to join however with deposits ranging from a $1,001 minimum to a $2,000 maximum. Your principal will be returned on expiry in addition to the 101.92% interest you should have earned along the way.

The most intriguing plan is alas also the least affordable. For their final plan ForexCompanyOnline are offering daily interest payments of 2.47% for an indefinite investment term. In other words just deposit once and continue to be paid every day for how ever long the program runs. There is no specific information that I can see in relation to withdrawing your principal from this plan so at this point I suggest you forget about that and just accept the payments. It’s probably a moot point for most of you anyway as the minimum investment is a steep $2001. If you can afford that then consider that it will take you 41 days to break even with everything else after that being pure profit. How long that goes on for is anyone’s guess, but the magic number we are hoping for is at least enough time to earn back the initial principal. After that everything’s a bonus, right? Maximum spend is $50,000.

Payment options are a bit limited and only include LibertyReserve and PerfectMoney. Nothing wrong with either of them like I’ve said before, and both are very convenient. In the event of any difficulties arising with receiving your interest payments however you should forget about asking either of them for any assistance. You’re on your own as far as refunds are concerned so use that information to at least remind you to keep your investments at a sensible and affordable level. Compounding, if you’re a fan, is also allowed.

Things improve on the security and side of things however, though I would say the actual design could do with some work. First of all on the good side ForexCompanyOnline is hosted on a dedicated server by one of the very best hosting providers in the business – Dragonara. So it’s fair to say there will be few if any problems to speak of on that front. The website is also protected throughout with SSL encryption as verified by Thawte.

What I like most about ForexCompanyOnline is their script which looks very genuine and customized to me and surely pretty secure. It also allows compounding which you can use if you want to increase your profits. There is a nice 3-minute long video presentation on the main page of the website which is allegedly involved in Forex trading (according to its name what else?). ForexCompanyOnline also include an address in US (most likely virtual or serviced offices) and functioning phone numbers for the US (which I believe to be a call forwarding service) and Canada (toll-free) and for Europe. Otherwise you may e-mail the admin at the address provided directly or fill out your details on the support form and submit that.

Good as all that may be what the ForexCompanyOnline website is sorely lacking is some kind of information or FAQ page. The admin risks being inundated with so many simple questions that could very easily be addressed in such a way. It would certainly ease the workload when it comes to support tickets, especially if the program becomes successful and attracts a lot of new members over the coming weeks or months.

A short but interesting three minute video presentation on the home page explains the business activities of ForexCompanyOnline. As you no doubt deducted from the name, it is of course ForEx trading. To be honest though the video looks dubbed to me with the young man presenting it not really looking like he is saying exactly what is coming out of the speakers. Maybe I’m mistaken, but that’s certainly what it looks like to me. Though it does lend a certain air of professionalism to the website, adding an FAQ page would have been a lot more beneficial. There are some trading statements made available to back their claims up but I suggest you make sure you know exactly how to read these things before you accept them as an accurate reflection of how ForexCompanyOnline really makes money. Otherwise proceed as you would with any online HYIP and base your deposit according to your own experience in this area and on what you think a realistic expectation would be.

DAILY NEWS FROM THE INDUSTRY.

I’ve got some good news from Pickash today. I got paid on my expired plan of 125% after 5 days and it took the admin only a few minutes to pay me on request. Today I was again attacked in my Shoutbox by that blackmailer “caution” that tried today to make false complaints and in one he said that his withdrawal of $650 was pending for 27 hours, while the first payouts only started a few hours ago, lol. In my opinion that guy is simply pathetic. Probably he was really disgusted that despite all his best efforts and even after the blocking of the program’s AlertPay account Pickash is still paying and paying fast. That must be really what’s really biting him now. Yet he’s trying to make us think that he’s a real HYIP crusader who knows everything but refuses to give anything that can prove allegations. I myself simply despise such people and I hope that the admin of Pickash Robin will do everything possible to prove this guy wrong by running his program for a very long time. Anyway, starting from today the first payouts are being made and progress was good enough so far. I am aware that the bad votes and all the efforts put by “caution” into this can badly affect the program and slow its growth, but I hope that MNO readers are smart enough and will not be basing their investment decisions simply on rumors and speculation provided by an obviously obsessed person.

Of course, to keep Pickash going you have to contribute and post your votes after being paid on the major forums and monitors. That’s the rule of survival for any short-term program. By the way, stay tuned as tomorrow along with MNOFridays there will be an interview with the admin of Pickash Robin published on MNO. I hope he will be able to better explain all the rumors and controversy that have surrounded Pickash recently. So stay tuned for that but meanwhile read the latest short news published on the program’s site and announcing the first payouts on expiry from Pickash (reviewed here):
“Pickash First Payday! Today is the first payday ever of Pickash and many payouts have already been processed. Please fully support Pickash by reinvesting, posting your payment proofs on the forums, voting for Pickash on the monitors and letting everyone know about the popularity of Pickash by promoting your referral links and banner codes. Jealousy will never win, and we will show the HYIP industry that even without AlertPay, a program can become extremely successful and long lasting with a tremendous members support and hard-working admin.”

One of the most successful low-ROI HYIPs in recent months OilStructure (reviewed here) continues its multi-lingual expansion and yesterday in addition to English, French and Chinese support mails and phone numbers a Russian phone number and email has been added. Now Russian members of OilStructure should have no language issues anymore and could get phone help by calling +7(495)6690037 from 17-21 on business days and from 8-12 on weekends (Moscow time). I think OilStructure can currently be considered one of the most stable programs online after gradually building up its reputation and can possibly go on for months ahead. Maybe OilStructure is really the next big thing we all have been waiting for for some time? If you’re interested to find out more about OilStructure please read my review published here to find out more about the investment plans with 2%-2.4% daily payments divided into several stages which is quite unique and proved to be vital for the stability of the program in the long run.

Up until today I wasn’t aware of anyone having deposits in all six plans in 144CashAds. Apparently, somebody is really enjoying profits from the last 144% after 12 days plan in this complicated but efficient program. So today such members will be also able to enjoy a $10 cash bonus that was sent to them by the admin of the program celebrating two months online. I remind you that 144CashAds is a unique program with a really interesting twist that allows the investor to make a deposit into later more profitable plans only after having a certain amount in earlier ones, thus protecting its stability and longevity. For more information on how it all works please read my detailed review of 144CashAds published here, And this is the latest news from the admin of the program Lewies:
“Hi. Welcome all new members. Pls send support mail if you need any help.
All pay out done.
We are growing daily with your great support and complete 2 months successfully and its just beginning for us.
We decide to send $10 instant bonus offer for 2 months celebration to those members who hold all 6 active plans.
Every member will get only one time bonus during the month. He or she can get again 10$ bonus in next month if he or she still hold 6 plans.
Thank you. Lewies
Project admin”.

The admin of WorldPrivateFunds (reviewed here) keeps improving his program. Today a calculator to determine your possible profits with the program has been added on the main page. I think this feature will be even more useful if you consider that WorldPrivateFunds provides such a huge diversity of plans both short and long term with the principal returned on expiry: 0.9% for 10 business days, 1.1% for 30 business days, 1.4% for 60 business days, 1.8% for 90 business days, 2.2% for 120 business days. Here is the latest news about this handy addition posted by the admin of the program Samuel today:
“I added on Main page of our site a new button (on top, left side) “CALCULATE YOUR PROFIT”.
It will be easier for everyone from now on to choose the best plan they want to make an investment.
Do not hesitate to contact me for any problem.
Kind Regards. Samuel Arildsen
WorldPrivateFunds Admin”.

Today I received many emails from HYIP admins of MNO monitored programs who said that somebody pretending to be me contacted them and asked them to come to Skype or Yahoo for a private conversation. I can say to you that this man is trying to solicit money and scam them but I believe that all the admins are quite shrewd and would not believe such nonsense without contacting me at abramsonp@gmail.com just to find out that I do NOT communicate with any admins or readers via Skype or Yahoo Messenger. Please be aware of that and do not be a victim of this scammer!

Remember that I told you last night I’m going to introduce a new moderator to MNO forum? Well, I’m glad to introduce Tony, and if you don’t know him by his real name then I’m sure you can recognize him by his nickname HYIPBlogger and his website of the same name that he runs. I believe Tony is one of the most talented bloggers in the industry and definitely has a real sense of what’s really happening and always tries to deliver the facts – a principle shared by MNO as well. And if I may or may not always agree 100% with him – (it would be pretty boring if I did!) – there is definitely no question as to his sincerity, objectivity, and integrity. I believe MNO forum will gain much from Tony’s participation as a moderator which I can assure you is very much an independent role for him in partnership with MNO. I am sure that he will play a major part in its future development. I hope that soon we will all see some positive changes on the MNO forum and meanwhile you are all free to say “hello” and welcome Tony in my Shoutbox or on his own site HYIPBlogger. More news from the forum will come once some new topics will be added by Tony in due course, so stay tuned for that, guys!

I just noticed that Seatronacs, which was put to Scam status on MNO a week ago, is now listed as Problem on many other HYIP monitors. Apparently the admin of the program couldn’t cope with the bad publicity after being exposed on MNO last week. I think it will be a good lesson for the admins of other programs not to play games with MNO and try to justify selective payouts with some nonsense. And please do not forget to check the status of every program on MNO as it’s the best way to stay updated and avoid possible scams.

And finally I would like to list programs from my monitoring page that paid me for the last 24 hours. They include:
Pickash (the first payment on expiry processed), MutualTreaty, OnyxInvClub, FundsOMatic, GlobalTradeManagers, OilStructure, YamaFinance, ReProFinance, PawnShopFund, FutureTrails, OptimumPride, AvaInvestment, 144CashAds, WorldPrivateFunds, CherryShares, Flamanta, GroupUniversal, YesInvestment, EzProfit, CashMiner, Forexica, RedOrchidInvest, ForexCompanyOnline (the first payment received) and GloTrade (the first payment received).

That would be it for today. I hope to see you all on MNO tomorrow for the interview with the admin of Pickash followed by the second issue of the series of articles MNOFridays. See you then, guys!