01/10/08. MutualForexFund Review and Other News

BEWARE! THIS PROGRAM STOPPED PAYING! PLEASE DON’T INVEST!

Today I would like to introduce another low-ROI program which I found very attractive and the plans reasonable. The program is called MutualForexFund and claims to be involved in Forex trading. Hence the returns promised by MutualForexFund are quite average and comparable to other low-ROI HYIPs.

The main plan offers the following daily rates: 1.7% (on investments from $10 to $1,000), 2% (on investments above $1,000 and up to $2,500) and 2.5% (on investments above $2,500 and up to $5,000 which is the maximum to deposit) for 150 days. Remember that your principal will be returned to you after 150 calendar days although you will be paid only on business days, i.e. from Monday to Friday. The daily interest will be credited to your account and you will be able to make a withdrawal request and then your funds will be paid to your e-currency account within 24 hours on business days. MutualForexFund accepts deposits in the following e-currencies: LibertyReserve, SolidTrustPay, PerfectMoney, Pecunix and C-gold. The minimum deposit allowed is $10.

Beside the conservative daily plan you may invest in MutualForexFund there is some limited time plan offered called the Manifesto plan. It’s aimed at testing purposes obviously but I think most investors who don’t like daily plans plans and want their profit to be paid faster can benefit from this one. Manifesto plan offers 110% after 10 days so you actually deposit and then wait for 10 days before making withdrawal request. So your actual profit will be 10% after 10 days. As I have said already this is a promo plan that can be withdrawn by the administration of MutualForexFund at any time so take advantage while it lasts. The minimum for that plan is $10 and the maximum is $250.

Many things about MutualForexFund tell me that the program is here for a long time as I haven’t seen such a quality and secure program for a long time. My sincere kudos to the admins of MutualForexFund that did such a tremendous job before launching their site two weeks ago. Let’s analyze what is so special about MutualForexFund.

First, they use a licensed HyipManager script which is more secure that the original GoldCoders. Moreover, more features have been added by their programmers to increase the level of security. For example, the system will require your 5 digit PIN that you specified during the registration process in order to confirm your withdrawal request. So don’t lose it and write it down somewhere to be able to withdraw your daily interest!

Second, the MutualForexFund site is hosted by DdosWiz on a dedicated DDoS-protected server which means the program is very serious about their protection and has some serious plans for the future which would definitely be interrupted once a DDoS-attack occurs.

But in addition to great features and security of the accounts MutualForexFund offers to online investors, many would like to know if it’s a real company and if the returns are guaranteed. Well, yes and no at the same time. Yes, because the program seems to be genuine and actually involved in Forex trading and for more details you can download a free PDF prospectus from their website. And no, because they honestly warn you that the profits are not guaranteed because Forex trading is a risky business and there’s no possibility to be in profit all the time. I praise their honesty in this matter and anyway we all know know that all HYIPs are risky ventures and we should invest only the money we can afford to lose. By the way, MutualForexFund administration claims that they are a registered company according to the laws of Republic of Seychelles.

I would like to add that for more info about their program I’m going to interview the administration of MutualForexFund soon but so far my impression of their website is quite positive. They offer quite reasonable returns on your investment, have powerful DDoS-protected site hosted on a dedicated server and the licensed script with enhanced security. I hope MutualForexFund will become a popular and profitable program for all online investors and stay tuned for the interview that will be published soon.

Other news for today.

I received quite positive feedback from my readers after publishing my strategy for MegaLido program – the most successful autosurf in 2008 with more than 4,000 registered members already. So I am very glad I could help you if you were still hesitant about joining it or simply didn’t know how an autosurf program works. I remind you that more info about MegaLido can be found in my article dedicated to the proposed strategy to maximize your earnings in MegaLido published here. More details about the site’s admin Michael can be read in my interview with him published here.

I didn’t know that today is a holiday in Cyprus – Independence Day. I only found this out when received an email from FxSlaughter‘s admin today informing me that the payouts will not be credited to the members’ accounts today:
“Today is independence day of Cyprus, our offices will be closed today, October 1. Next interest payment will be done on 2nd October.”
More info about FxSlaughter program can be found in my review here.

The admin of TradersInvestments Jean (read my review of his program here) introduced some small changes to the program after my remark that actually the first plan 20% for 6 days is more attractive than the second one offering 135% after 10 days. Here’s an update from him:
“We thought the first plan for testing and the other plan for serious investors. As a friend just pointed to me it seems that the first plan became too atractive because no member used the second plan. So i thought to make a small change. The maximum for the first plan will now be 100$ and the minimum for the second plan will also be 100$. I just hope members will consider to use the second plan too because it’s there and nobody is using it. Thanks to all my friends who helped me with advices and get this issue to my attention.”
I remind you that TradersInvestments has been paying me for several days already and Jean seems to be a very supportive admin. He recently answered my questions for the interview which will be published on my blog tomorrow. Stay tuned!

I would like to apologize to the admin of 8DailyForever because of yesterday’s warning published on my blog. It seems that 80/20 rule was not implemented into the program but was just recommended by the admin. So this rule is not compulsory. Despite the fact I still have difficulties with accessing 8DailyForever site I decided to return it to my “Paying” programs list and monitor it further. You can read more about the program in my review published here. By the way, the admin Susan will be on vacation from October, 1 so she will be less accessible for the investors though it shouldn’t affect the payouts at all. At least, she told about it in her letter to investors:
“Our membership continues to grow steadily, and we now have over 3100 members! (Our 3000th active member and his sponsor received a free adpack to celebrate this!!)
Just in case you haven’t yet checked out our BLOG where all our news is updated on an almost daily basis, I wanted to let everyone know that I’ll be away on vacation from today (Oct.1st) till October 12th.
Although I will come online to do payouts and support mails as often as I can locate a computer (hopefully daily), withdrawals may be a little delayed from time to time, so I ask for your understanding! Please also during this period, confine your support mails to “emergency” ones, so my mailbox won’t be flooded and I can easily find those who need help. This will be much appreciated, folks.”

I would also like to apologize for my remarks about StrictPay I made yesterday because the admin was really helpful and helped me solve all my issues with verification of my account in the least possible time. I feel that they have the best ever support among all the payment processors available online and so StrictPay surely deserves our close attention. I can’t wait till the next week when my review of StrictPay payment processor will be published hopefully followed by an interview with a representative of their administration. Stay tuned for that as I believe StrictPay is destined to become a great payment processor in the near future!

Sorry, guys, but I was unaware that BlosFinance didn’t pay yesterday. I was last paid on September, 29 and no payment was due to me yesterday. But I saw many investors on forums were quite discouraged that they didn’t receive their payments yesterday and moreover, that the admin hadn’t answer their inquiries. I temporarily moved BlosFinance to “Waiting” list and if the admin doesn’t answer the email I sent him today I will move it to Scam. For now please DON’T deposit in BlosFinance until further notice!

Apart from BlosFinance all other programs seem to be doing ok and I was paid today from many of them including: HermisCapital, 12DailyForever, MegaLido, Tradelite, Richard-Falk, ResidualForexIncome, SafeAtom, TopProfitWorld, QuantumInv, TradersInvestments, MutualForexFund, 8DailyForever and PanaMoney (the review of PanaMoney is scheduled to be published this Friday). Stay tuned for another interview tomorrow and more news and updates on Friday. See you soon on my blog, guys!