19/10/2010. Interview with the admin of EuroInvestOnline

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

Hi guys! One of the shortest term HYI projects around at the moment is definitely EuroInvestOnline and today I have an interview with Peter, the program’s admin. The program is only recently launched but has completed at least one cycle on all the plans they offer, and several cycles of the shorter term ones. So despite the very obvious high risk that apparently accompanies programs as short term as this one, the fact of the matter is that quite a number of people are comfortably in profit from EuroInvestOnline, something that can not yet be said about some supposedly “safe” longer term programs.

Proof therefore (as if any were needed) about the importance of diversity in one’s portfolio. Anyway, before we hear from Peter I’ll just remind you that EuroInvestOnline is a short term HYIP offering terms of 4% hourly for 26 hours, 5% hourly for 21 hours, 65% for 2 days, 30% for 4 days, and 140% after 3 days. For more information I suggest you start with my original review of the program posted here, and if you have anything to say about it yourself then leave a comment on the MNO forum thread given over to EuroInvestOnline here.

“1. Hi admin, please introduce yourself to the readers of MNO and tell us about your own role within EuroInvestOnline. What are your own duties within the program? What kind of experience do you have in managing the funds of others?

My name’s Peter Novak and I am an individual trader with about 5 years of experience in the FOREX market. I didn’t use to be very successful in the beginning but now what I get is stable profit.

2. Can you also give us some background on the program? How long have you been running? What were you hoping to achieve by starting it in the first place? Apart from you is there anybody else working on EuroInvestOnline?

EuroInvestOnline is a very young HYI project though like I’ve mentioned before it has some good experience behind it. The main strategy is classic intraday trading the major currency pairs like EUR, USD, GBP and YEN.

3. What about the investment plans? Can you explain them in detail to us? What are the minimum and maximum amounts for investment, what rates of interest are on offer and how long do they run for? Which ones have been the most popular?

All investment plans are short term by default because of the short term orders and money transmission. The rates vary from 104% to 140% dependent on the period and the deposit. There are 6 different plans and you can learn more about them on our website and in your members area.

4. Do you agree that some of the minimum investment requirements in some of your plans are unrealistic for most online investors? Why ask for a $3000 minimum when there are so many other short term programs offering similar returns after similar terms for so much cheaper? Does it make you less competitive?

It might make EuroInvestOnline less competitive but I’d like to see the examples of the programs. If a member is not sure whether to deposit the whole $3000 into a single plan or not then it’s possible to split it between cheaper plans.

5. Tell us about the payment options available from EuroInvestOnline. What payment processors are you currently dealing with? What has been the problem with instant payouts and what is the current situation there now?

Instant payouts are disabled now because I am not 100% sure about the full security of all the transfers and members security. Most of them are very careless. I run off licensed software but some withdrawals are too big to risk. It is better to process them manually. I think my programmer will design a script to instantly process withdrawals within a limit in future.

6. How highly would you rate the security of your own website? It’s no secret that you got off to the worst possible start for a program that promises hourly payments with so many attacks. What is being done to fix this? Tell us about your hosting provider and how highly would you rate them as a service provider?

Licensed script, SSL and DDOS protection, dedicated server from DDOSWIZ. I couldn’t do better than that. If it’s about hourly payments I pay on time and fix all problems and issues. It just can’t be smooth all the time, right.

7. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions?

The best way is to send me email to which I will respond pretty fast. I am busy most of the time so I think I will have to hire online support to help me soon.

8. What have been the most common questions, problems, or other support related issues that you have had to deal with so far? Is there anything you would like to address here so that members can avoid having to contact you?

All members should keep in mind that since most of the plans are short term sometimes it takes more time to handle all the work. There are just so many business and people in queue that I can’t help everybody at the same time. Thank you.

9. What other outside business and investment activities are EuroInvestOnline involved with? I said in my review that you didn’t have much information about that on your website and it’s clear that the texts have been used by several other HYIPs. So are you simply an online based HYIP related game?

Yes, texts are not unique mainly taken from what I found in the script. The first stage was bringing a good design and the second is content. So be patient because when I have time I will update it to a good one.

10. Are there any plans to develop EuroInvestOnline further in the near future? How long do you realistically think you can keep it running for? How are you planning to keep the program competitive with so many new HYIPs opening every day?

Competing with other HYIPs is always hard and takes much time and money. But I have it. So I plan to stay until the New Year comes and then I maybe change the rates. It depends on the market and situation.

Thanks for this interview, Paul.”

That’s it for the moment guys, except to say thanks to peter for taking the time to answer my questions and to wish good luck to all those deciding to take a chance and sign up. Don’t go too far however as I’ll be back a little later this evening with a brand new review and a full round up of all the day’s most important news stories so stay tuned and see you all then!