18/09/08. FinoFex Review and Other News

Today I would like to publish a review of FinoFex. The program is online since late August and their banners can be seen absolutely everywhere: on forums, monitors and blogs (including mine). So where did the program get so much money for advertising? How could it become one of the most discussed programs online? Who is actually involved in this project? Can it be true that the AlterGold payment processor is somehow involved in creating and sponsoring FinoFex? I don’t know the answers to these questions for sure but will try to analyze the program thoroughly in my review and I hope this will get us closer to the truth about FinoFex.

FinoFex is a program based on a modified Neversay script but from at first sight you may not notice this because there are many new features added. But as you know Neversay script is a favorite among autosurfs and that’s why you can only deposit in FinoFex using the units method e.g. buy a certain amount of units. FinoFex offers four investment plans:

1) Aggressive Investors Portfolio allows you to get from 103.6% to 103.75% (for the investors willing to deposit more than $500) after 5 days. The price of one unit that can be bought in this plan is $25 and all the payouts are paid on expiry.

2) If you wish to invest in Elite Investors Portfolio (minimum to invest is $50) you will get 112%-113% after 10 days depending on the deposited amount.

3) Classic Investors Portfolio offers from 122.88% to 125.92% after 16 days. This plan is obviously made for the larger investors willing to risk amounts starting from $100.

4) Finally the most profitable plan with the same $100 minimum to invest is Professional Investors Portfolio. FinoFex promises to pay you 139.9% and up to 144.1% (for the investors deposited more than $1K) in a 21 day period.

I should add that all the payouts are made on expiry and that FinoFex accepts AlterGold, LibertyReserve and AlertPay. Saying this I would like to point out that their prefered e-currency is AlterGold (so maybe this gave ground for the rumors that FinoFex can be in some way connected with AlterGold?).

The process of investing is not so simple because as I mentioned earlier they use a modified Neversay script. Sometimes they themselves don’t know how it works as I found out myself when I tried to get their help to fix one issue on my account. It took them several days to find a Neversay programmer to fix the issue. It seems that now everything is ok but it really baffled me from the beginning as to how much time it took them to solve such a small issue.

So the first thing what you should do if you want to invest in FinoFex is to add funds to your FinoBank wallet. From your FinoBank account you will be able to deposit the necessary amount to any investment plan of your choice. So theres really nothing too difficult about it at all. It’s really the same feature that some other HYIPs have to fund the internal account first before spending on different plans. Also you can make withdrawals or reinvest from the same FinoBank.

What seemed to me a little bit disturbing is the system of representatives on FinoFex program. They seem to be trying to help you with your issues but sometimes it’s really a case of “the left hand doesn’t know what the right one is doing”. And in this way I also had some issues with their support. Anyway, the list of their local representatives is impressive and includes even the phone numbers from such countries as Ivory Coast and Mexico. I didn’t verify if they are real but I’m almost 100% sure that there is more than one man involved in this project. There are some requirements need to be satisfied by all the candidates wishing to become a local representative of FinoFex and you can read them on their FAQ page if you’re interested.

So what is FinoFex company and why did it spend so much money on advertising? Of course, like many other HYIPs they claim to be involved in Forex trading and call themselves FinoFex Financial Ltd. “FinoFex has developed some professional solutions for both the pro investors and the medium term investors to start profiting from forex without actively doing the trades yourself. FinoFex does the trading for you and you earn the profit. FinoFex have developed a new secret trading strategy that can help you start profiting from the forex market without having to struggle with the curves and hurdles required to earn profits from Forex trading yourself.” This is how the income sources for FinoFex were explained on their website. I guess thats what allows them to spend so much money on advertising. Anyway, I would like to see the details of their investment activities and will try to conduct an interview with one of their representatives soon.

The overall progress FinoFex achieved after less than one month online is impressive. They managed to attract more than 900 members and have now 9 local representatives in many countries around the world. The program is very popular mostly because of the massive and I would even say aggressive advertising campaign that was spread all over the Internet. There are not too many paying reports on the forums yet because of the high withdrawal minimum of $25 and some time requires before your principal is expired and you can request a withdrawal.

My overall impression of FinoFex is quite positive. The program really stands out from the crowd and offers more reliable returns than many other HYIPs at the moment. The minimum to invest is also quite high which tells us that the program is aimed largely towards larger investors. Paying on expiry rule will provide it with a longer lifespan and the high minimum amount to request a withdrawal will reduce the workload for the admins. The DDoS protection FinoFex uses is from the world’s leading provider BlockDos which also can tell us that FinoFex is serious and they intend to be running for a long time. The amount of advertising involved in the promotion will not let the program to close up the shop very fast and will certainly be a deciding factor for many investors when they consider to depositing in FinoFex. The offices FinoFex claims to have in Belize and Brazil can also add credibility in some people’s minds.

Taking into consideration all the above mentioned factors I believe that FinoFex will be online for a long time and can be a good option for diversifying your portfolio if you’re a serious investor not looking for games, but more stable programs to invest with. FinoFex definitely seems to be one such program to me.

Other news for today.

The admin of ProtoAds Kelly sent out the first update regarding how her program is doing. And it appears it’s doing quite well. Anyway, nothing unexpected and just the fact that ProtoAds program is growing steadily and paying on-time (read my interview with Kelly here):
“Ok, so greetings to everyone reading this update. I am sure not everyone is going to read this e-mail. This is just an e-mail regarding some stuff about some things happening on ProtoAds.
1) Growth. ProtoAds is growing in a steady pace. Currently with 321 members with 2/3 of the member base are upgraded. We have good upgrades coming in steadily.
2) Upgrades. Upgrades are abundant on AlertPay and SolidTrustPay. While LibertyReserve and AlterGold upgrades are just on a normal pace. We urge everyone to try and upgrade using LibertyReserve and AlterGold if you use this payment processor.
3) Cashouts. Cashouts are getting processed quicker these past days because I have dedicated my time online processing the cashouts and doing what is needed to keep the program going on a steady growth and we succeed in doing so.
4) Voting. Voting is very important. Everyone who received a cashout should always try and find time to vote for ProtoAds. It is a very small thing to do and will usually just take a minute or two to complete.
5) Forums. Visit the forums if you want to share your thoughts and feelings about ProtoAds. If you wish to reach me there, you can do so too because I am always there.
Thank you if you decided to read this. If you have any suggestions please contact me.”

The admin of AggeroInvestment Roger (read my interview with him here) reported about one of the lucky investors that managed to have #110 and so he received a sweet bonus of 10% on his upgrade which was a stunning $3,000. So the bonus was $300 to his account. Well, I only can send my congratulations to this guy whoever he was and remind you the rules of this promotion offer from Roger. He will actually do it better himself (also remember of the coming promotion this Friday):
“As for the promotion, here are the details: Everybody (both current and future members) is included. When you sign(ed)-up, you are given a member ID. The last digit of your member ID will be the basis of how much percentage will be added on your next investment. This only applies to your NEXT (ONE TIME) INVESTMENT. For ex. Your member ID is 145, then you bought $100 worth of adpacks, you will be given an additional 5% bonus, thus you will get $105 and earn between 7.5% to 8% on that for 15 days. If your member ID ends in zero (0) then you get the highest bonus of 10% on your investment. This will apply also to your account if you compounded. This will be an ongoing promotion. If it proves to be successful then we can reset the database once every month or every two months to start again. Anyway, I hope that is clear enough. I suggest you use your bonus percentage smartly as it only applies to the first investment, until we reset again.
The next newsletter is going out this Friday. I have some exciting news regarding the other promotion I will be starting for upgraded members only.
I would like to thank those who keep on re-upgrading and those who compound their cash balance. Not only do you make the program stronger but you also increase your earnings at the same time.”

The admin of TopProfitWorld notified me about the next exciting update, and from what I found out, it seems that you can now deposit in TopProfitWorld (read my review of the program here) using one payment processor and withdraw your profits to another one of your choice. Here’s how he explained this:
“Another short update that for deposits above 1000$, you may deposit by any method and withdraw profit by any method without extra cost. For example if you wish to deposit funds via Bank Wire then you may withdraw earning by LibertyReserve or Western Union. In same way if you wish to deposit funds through Western Union, then again you can withdraw earnings through LibertyReserve or Bank Wire. And same for third payment option. You may write us for more details with desired deposit amount and payment options.”

Unfortunately for some HYIPs this week was not so good. Take BristolCapitalGroup for example. They first blamed their provider BlockDos for putting their site down but now it’s obvious that they lied to everybody. It seems it’s not the real reason because they even didn’t even attempt to inform the members on forums on what is going on with their website and when they will come back. I guess after 3 days of silence we can draw the obvious conclusion that BristolCapitalGroup is a scam. It’s very unfortunate especially since they claimed that they were a registered company in Bristol, England. Well, I couldn’t verify this information but I will definitely do it with Olympex-Group whose office I was unable to find in London at the address they provided on their contact page. So I highly doubt they are a real company which they claim on their website. Moreover, I even can’t get some Olympex-Group representative on the phone number which they left on the website. I tried to call them 5 times within their business hours but all I got was some distorted voice message, which failed to identify the name of the business, repeating to me that my call was important and asking me to wait. Well, I still hope to get some explanations from Olympex-Group admin regarding this and he promised to call me back. We will see if this call is from the same phone number provided on Olympex-Group website. Anyway, I am very disappointed with some info posted on Olympex-Group website and though I consider their program as a very good quality and paying program I simply don’t tolerate lies and so I will postpone my review of Olympex-Group till I get some explanations from the admin. But in any case, all the info I know regarding Olympex-Group will be posted soon on my blog, so stay tuned for that!

ApolloInvestGroup is supposedly gone for good because no payments were made within the last three days and of course no explanation is posted on their website. I just like to notice that the investors are smarter nowadays and so there were no deposits made for those days either. I’m glad that we are becoming more educated and professional in making our decisions and hopefully next time such scammers as ApolloInvestGroup will have no chance to rob us anymore. I wholeheartedly apologize to those who put money into this scam but for two and a half months online those who joined ApolloInvestGroup from the beginning could make some profit.

I found some disturbing signs regarding StableFinance program which I considered to be a possible hit in my review published here. I advise you to hold off from depositing in StableFinance for now because the admin is very slow with payments and though I got several payments already many of them are still pending. And the worst thing is the admin of StableFinance is not giving me the real reason why the payments are delayed and when exactly they will be processed. Here’s the email I received from him recently:
“All payments will be honored as I was out of time to handle some other issues please bear with us as we are doing all we can to clear all outstanding payments as soon as possible.”
So there was really no proper explanation provided. Also I would like to report two things I found out about StableFinance just recently and that’s why I failed to provide you with necessary info in my review (please accept my apologies for that).
First, it seems that StableFinance stole the texts published on their index page from another HYIP. Of course it can be just a modified template for every HYIP but posting this rubbish that they are online “since 2001” while their domain is registered just in July 2008 is simply ridiculous.
Second, their domain registrant has a St. Petersburg address in Russia: “29 Kompozitorov st. Saint Petersburg, 194358“. And I just simply don’t trust Russians as I myself lived in Russia and know how many scammers originate from there. If I had known these facts before I would have not deposited and listed StableFinance on my blog. So I put StableFinance on my Waiting status and hope the admin will fulfill his promise and will pay all the pending payments very soon.
P.S. Finally StableFinance paid ALL the pending requests and I will return it to the list of Paying programs.

It’s very strange but despite it seemingly being gone for good I received another weekly payout to my STP account from EliteMoney today. It’s very probable that EliteMoney will be paying to STP accounts (I have a report from one of my readers and he was paid to SolidTrustPay as well) because they can’t withdraw money from it. But I still can’t see any reason to do it since their site is offline. Possibly EliteMoney hopes to return back online soon and try to scam again. Anyway, I will not return it to “Paying” until all the payments to other payment processors are resumed. I hope it will happen though I doubt it! Also I wanted to report that I received payments today from ProtoAds, MegaLido, SafeAtom, MaxShare, Tradelite, Surfovat, FxSlaughter, HermisCapital, Richard-Falk and TopProfitWorld.

It seems that the programs with direct payouts to e-currency accounts are becoming more popular among online investors. Many of them were profitable for me and my readers so I decided to join another one today called BlosFinance. The program accepts LibertyReserve only and offers four investment plans with direct payouts on expiry: 110% after 5 days, 125% after 10 days, 160% after 20 days and 230% after 40 days. The minimum to invest is different for every plan and is from $5 to $40 so BlosFinance can be suitable for any type of investor. Among the distinctive features I would like to mention: SSL-encryption security implemented, direct payouts to LibertyReserve after the expiration and DDoS-protection provided by BlackLotus. BlosFinance just started 5 days ago so there’s a great chance to be in profit for online investors. A detailed review will be published very soon on my blog after receiving the first payout. Stay tuned for that!

Now I would like to report some news regarding my site. At the request of many readers my monitoring page was modified and now you can see how long it has been monitored under every program’s profile. I hope it will help you make more informed decisions on where to invest. Also the links to the reviews and the interviews with the admins can be found now in every program’s profile for your convenience. Please let me know what you would like to see on my blog and my monitoring page and I will try my best to fulfill your requests. Regarding the forum, I’m still thinking of some unique concepts that will be the core of future MNO forum. You can contact me if you have any ideas or would like to be moderators of my future forum. Though it’s only an idea in my mind now I will work hard to achieve it soon and build not just another junk forum but rather something unique that the industry hasn’t seen yet. I repeat that your suggestions will be highly appreciated and I always welcome cooperation with my loyal readers. Stay tuned for another review and more news to be published tomorrow on my blog!