07/09/2010. MajesticMoney Review and Daily News from the Industry

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi guys! Before the day’s main news stories there is another new addition to my monitoring page that would like to take a closer look at this evening. It’s a little different from what we looked at yesterday, this time being a short term high interest program. It has the regal sounding name of MajesticMoney and have been running since only yesterday.

The investment plans are fairly straight forward as you’d expect from a short term program like this one. Basically there are two plans available with one paying on expiry and one paying by the day. MajesticMoney have various different options within those plans, with higher rewards going to those with higher deposits in their MajesticMoney accounts. The risk is high, though no worse than usual with any short term HYIP, and at $10 minimum investments are quite affordable so you don’t necessarily have to risk thousands to earn something back.

The first of MajesticMoney‘s plans runs for a term of just 5 days and makes daily payments. Your principal will be counted as part of the payments so whatever you have earned by the time you get your final payment will be the total and final amount. Payments are made as follows. Deposits from $10 up to a maximum of $250 earn 23% interest per day for five days bringing in a total return of 115%.

If you would like to play with something more serious then deposits from $251 up to $500 will be rewarded with 24% interest per day, bringing in a total of 120% at the end.

For deposits ranging from $501 up to $1000 MajesticMoney are offering 25% interest per day, allowing you to get back a total of 125% in payments.

Their next option is open to bigger investors willing to try their luck with amounts from a minimum $1001 to a maximum of $5,000. In return for this investors are offered payments of 26% per day, totaling at 130% by the end.

And finally for those brave few remaining players still prepared to take the plunge with deposits of $5,001 and no published maximum, MajesticMoney offer daily interest payments of 27%, bringing you a total return of 135% by the end.

The second plan gives you an opportunity to earn a better sized return on similar amounts of money. But only on expiry and after a longer investment term. So you should immediately recognize the added risk here. No matter what happens with MajesticMoney you at least have the chance to claw back at least part of your principal before expiry, which is not a luxury afforded to you in this second plan. So think very carefully when choosing between them. Ask yourself if the extra risk is worth the extra return, and keep the size of your principal in mind, as the more you spend the less risks you should take.

Anyway, if this is definitely the plan for you and you’re sure of that then here’s how it works. The plan runs for a term of 7 days and all payments are made only on expiry of that. Deposits from a $10 minimum up to $250 will earn 130% on expiry. That’s 15% more than the same amount deposited in the previous plan, but for two extra days out of your control, ask yourself if it’s worth it. I’m not saying yes or no, I’m saying you should decide.

After that it works out more or less the same way with your other options. If you’re prepared to spend from $251 to $500 then MajesticMoney offer you 135% interest paid on expiry.

If that’s not enough then for a deposit of from $501 up to a maximum of $1000 you are offered a return of 140% interest.

The next option for the bigger spenders out there sees MajesticMoney offer a return of 145% on expiry for deposits between $1,001 and $5000.

And finally for amounts starting from $5,001 with no stated maximum you are offered 150% total return by the program.

Pretty simple plans, and pretty simple to make a choice. If going ahead with an investment here please note that only LibertyReserve and PerfectMoney are accepted as payment options by the admin. Payments need to be requested but once done you will be pleased to see that they are made instantly, so it does quite a bit to offset the limited choice of payment processors. Compounding is not allowed.

MajesticMoney is running off a licensed GoldCoders script. They are also hosted on a dedicated Staminus server with a CISCO firewall guard. You will have the facility to limit access to your account in the program to a certain degree for specific internet browsers and IP addresses. Any further questions can be put to the admin by filling out the support form and submitting that, or by using the Live Chat feature when he’s online.

While I quite like the layout of the program, sorry to say the texts are not original and have been used by older online HYIP related projects. So obviously you need to forget about that and also forget about any thing else you see about your principal being guaranteed. Reason being that if LibertyReserve and PerfectMoney don’t make any such offer, then you can be pretty sure that the HYIPs using them can’t seriously back it up either. But as an online HYIP I still like them as a fast and short term option, provided the rest of your portfolio is well spread out and diverse.

DAILY NEWS FROM THE INDUSTRY.

Staying on the topic of the above reviewed MajesticMoney I would like to let you know that I received my first daily payout of 23% for 5 days from the program instantly to my LibertyReserve account. Also the admin let me know that somebody has been soliciting money from him by pretending to be me writing from a similar email address abromsonp@gmail.com Just look at this! These scammers are really very smart and try to impersonate MNO everywhere. I hope the admins of the programs are also smart and realize that I have ONLY this email address abramsonp@gmail.com (the difference is one letter only) and the LR and PM accounts listed on my site. Darren, the admin of MajesticMoney was smart enough not to get cheated and forwarded the email to me instead. Again and again I try to tell the admins of the programs not to meet me on Skype or Yahoo Messenger (I do NOT have these for public contacts) and instead write to me directly at abramsonp@gmail.com if they are in doubt of any particular email allegedly coming from me. Please be careful!

There was a newsletter from NovaFx today. The program does so quite rarely so updates are treated with the extra attention. In this newsletter issued after the first seven successful weeks online the administration introduced a Live support feature along with two staff members that will be available to help you with any issues in your accounts. They also mentioned some articles about the program including the review published by MNO (read it here) which should help them reach a wider audience and announced the upcoming interview that will be published soon.

I remind you that NovaFx accepts all the popular payment processors including AlertPay, LibertyReserve, SolidTrustPay, PerfectMoney and GlobalDigitalPay which you can invest into the following plans: 0.4% for 15 business days (principal back) and 1.4%-2% for 140 business days (principal included). While the plans might seem not so profitable they are definitely sustainable in the long run and if NovaFx is serious about their future developments I’m sure they can achieve huge heights in the HYIP world. Here is the latest newsletter:
“Hello, We are proud to announce the Live Support feature we just implemented on NovaFx. If you need assistance or you simply have a question get your answer faster using the Live Support, Benoit from Support Department and Claude from Billing are there to help you with all your concerns or inquiries.
We have been reviewed by another 2 reputable bloggers from the industry and we invite you all to read their reviews of NovaFx:
http://hyipblogger.com/792/novafx/
http://money-news-online.com/blog/2010/09/01/31082010-novafx-review-and-daily-news-from-the-industry/
In the following days will be published an interview we answered. Make sure you will not miss it as is covering some important development steps we will take in the future.
I want to bring to your attention an interesting article on E-commerce Journal. This is a comparison between our company and another forex related site.
http://www.ecommerce-journal.com/articles/29556_global-forex-income-vs-nova-fx-battle-investment-projects
As we take very seriously the opinions of our members and independent reviewers we started to fix and add new features in order to make NovaFx the primary choice of online investors.
NovaFx Support Department”.

The admin of WorldPrivateFunds Samuel (interviewed here) again expanded on the explanations of the plans his program is offering. And if you haven’t read my interview where this was discussed thoroughly or the review (read it here) you’re welcome to read this reminder once again to better understand them. I will only add that you can invest in WorldPrivateFunds via LibertyReserve, PerfectMoney and even SolidTrustPay. Here is the latest update from the program:
“I send again this explanation of the plans because I saw many people didn`t understand it very well.
I also advice you to read interviews and reviews on Ratings page
There are 5 investment plans we offer:
Test Plan – 0.9% daily for 10 business days. Principal returned after 10 business days (14 calendar days) profit = 9% (without compounding option) + Principal returned
– only one deposit in amount of 10 – 100$. You can deposit again here only after expire;
Promo Plan – 1.1% daily for 30 days (business); 10-500$, Principal returned after 30 business days (42 calendar days) – profit = 33% (without compounding option) + Principal returned; You can make how many deposits you want.
Standard Plan – 1.4% daily for 60 days (business); 10-1000$. Principal returned after 60 business days (84 calendar days) – profit = 84% (without compounding option) + Principal returned; You can make how many deposits you want.
Premium Plan – 1.8% daily for 90 days (business);50-5000$. Principal returned after 90 business days (126 calendar days) – profit = 162%%(without compounding option) + Principal returned; You can make how many deposits you want.
Business plan – 2.2% daily for 120 days (business); 1000-15000$. Principal returned after 120 business days (168 calendar days)-profit = 264%(without compounding option) + Principal returned. You can make how many deposits you want.
The amounts invested can be requested any time after a period of 30 days (25% from deposit as penalties)
Kind Regards. Samuel Arildsen
WorldPrivateFunds Admin”.

YesInvestment (reviewed here) launched another plan which pays you 7% daily for 6 months. Well, it looks very attractive of course but you should bare in mind that although your account in YesInvestment will be credited with 7% daily you will be able to withdraw the whole amount only on expiry. The admin of YesInvestment also did the same thing as EzProfit which caused huge confusion among investors. Despite the claims about the guarantee on your principal and interest in that plan I would not recommend to deposit there simply because of the maths. You see, 1260% after 6 months is way too huge a payout to be sustainable and I bet nobody will be paid from this investment at all. The minimum of $250 to invest in this plan will also not add to its popularity. Anyway, simply for information purposes here is the news regarding this plan published on the site of YesInvestment:
“6 Months Fixed plan launched
We pay 7% daily for 6 months (180 days) in 6 Months fixed plan. Principal deposit and interest are GUARANTEED!”

I would like to warn all MNO readers about selective payouts spotted in UniquePay. Last night I received an email from one of my readers where he actually gave me full access to his account to make sure that his withdrawals were not honored and are not paid. Neither instantly nor after over than 24 hours of waiting. I must say that the total amount pending was $250 and I suspect that this was the main reason. So I immediately contacted UniquePay and asked them to clarify the situation, especially considering that the payouts were not instant at that time. The support request was answered pretty fast and the admin asked me for patience and not to publish anything on MNO. He told me that they had some API issues and that the GoldCoders support were looking into it. Really shortly afterwards my pending payout was processed manually but I guess that the admin forgot about that investor who submitted the complaint to me.

When trying to check out his account again I was unpleasantly surprised that the amount in total pending had increased since my first verification and now he is owed $375 instead of $250 (profit for three last days that was not paid). The admin of UniquePay wasn’t so fast to reply the second time today. So I could come to only one conclusion – UniquePay has some serious cashflow issues and started paying selectively. There is no need to say that this is the last step before scamming. So if you’re a member of UniquePay and still receive your payments on time it’s just a matter of time before they stop. So I would recommend you stay away from them for the time being and if the outstanding requests are paid I will definitely move the program back to Paying status on MNO. However, I doubt very much that will happen.

Please be aware that MNO does not tolerate selective payouts in any shape or form and that the rating status will be reflected as Paying only when ALL the members of a program are paid. In my opinion, monitors are pretty much useless if they don’t care about the members and still reflect Paying status despite all the evidence of selective payouts. Be sure that you will not see such a policy on MNO and if you have a complaint you can simply give me access to your account and the program in question will be moved to Problem status on MNO if I don’t see reasonable action taken by the admin anytime soon. Let’s help prevent selective payments together!

I would like to thank everybody who keeps voting in the MNO polls. If the results of AlertPay poll announced yesterday are still too unclear to analyze then we can say for sure that there are some leaders sports poll. This week I want to know about your favorite sport. So far football (soccer) is coming first with 7 votes, while American football and motor sports are both coming second with 5 votes each. Some fans also have basketball (4 votes) and hockey (4 votes). While the outsiders at the time of writing this are tennis (2 votes), baseball and golf (1 vote each). Please keep your votes coming to both polls and I hope to analyze the results by the end of the week.

Here is the list of the programs that paid me today without any delays:
MajesticMoney, FundsOMatic, OnyxInvClub, CherryShares, 144CashAds, RedOrchidInvest, WorldPrivateFunds, UniteTrade, VividTrade, Vodapex, ReProFinance, PawnShopFund, MutualTreaty, FutureTrails, OilStructure, GlobalTradeManagers, SignalTraders, TradersPower, NovaFx, Flamanta, YesInvestment, OptimumPride, EzProfit, Forexica and GroupUniversal.

That would be it for today, guys. I hope to see you all on MNO by tomorrow when I will going to Hannover in the morning. Meanwhile stay positive and stay informed with MNO blog!