11/11/2010. EarnPlaza Updated Review and Daily News from the Industry

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

Hi everyone! Originally for the second post today I had intended just doing a news update. But it strikes me that over the last six weeks or so there seems to be one program almost constantly featuring in the news and invariably it’s always a positive story about the program getting stronger and improving itself. I am of course talking about EarnPlaza and tonight I have decided to update my original review of them. And while not completely obsolete (the investment plans are basically unchanged) there’s been enough developments in the program to make the review at least woefully out of date. So as I keep referring people to my old review of EarnPlaza (which you can still read here), let’s take a fresh look at them and hopefully avoid some confusion.

First of all they now proudly label themselves the “new HYIP short term industry leader”. Well, I suppose there’s always room for a little ego and a little bravado in this business especially when you’re trying to promote something. But in this case it’s true. It’s always been near the top anyway but with the collapse of it’s nearest rivals that statement is now nothing if not perfectly true. EarnPlaza is indeed the number one short term HYIP now and I can say that for a fact just from looking at my own traffic statistics from MNO as to where the investors are going. I interviewed the admin some time back, his name is Matt by the way, and he had and still has some big plans for his program. (The interview can be read here.)

As I said one thing (and probably the only thing!) that hasn’t changed in EarnPlaza‘s time on the net has been their investment plans. Not that they need it. One of the keys to the program’s success has no doubt been their consistency and their affordability. Where others ask for ridiculous amounts of money like five or ten grand – usually in the hope of getting just one sucker in and then scamming everyone – EarnPlaza try nothing of the sort. Deposits in any of the three plans they offer are open to some very reasonable numbers, thus keeping the entire investment platform as a whole open to as wide a range of industry players as possible. It may also have a lot to do with a lot of them continuing to re-invest cycle after cycle. And why not? With a $10 minimum spend I guess a lot of people have a kind of casual “what’s the worst that can happen?” style attitude and continue to drop a few bucks back into the program after they’ve been paid.

So let’s just recap on the plans themselves now. Investments in the first of EarnPlaza‘s plans start from a very affordable $10. The term runs for 5 calendar days and on expiry you are offered a return of 110%, principal included. So in other words were you to invest $100 you should expect to get $110 back at the end. Pretty simple, eh? Maximum spend is a relatively low $1,000.

The second plan works in much the same way. It runs for a term of 10 calendar days and is available to investors prepared to spend from a minimum of $20 to a maximum of $2,000. So it’s still very affordable, enough so to give everyone a fair shot. The longer term brings a greater risk, as is always the way in the HYIP industry, but in return EarnPlaza offer a much improved interest rate. On expiry you are offered 130% interest, principal included. Which means for a $100 investment you could get $130 in return.

And the third plan continues in the same vein. EarnPlaza offer a once off payment on expiry of 160%, principal included, on deposits from a minimum of $50 to a maximum of $3,000. The investment term is 15 calendar days which although gets more and more risky the longer the program runs for (and much as I like them I’m afraid that bit can’t be denied) they’ve still managed to complete something like four cycles (I think) already. So with an affordable minimum and no signs of the program slowing down it might be worth a couple of bucks yet. Better yet, if you like the plan but are concerned about the risk you can always split your investment between the three plans.

The payment options for EarnPlaza are still unchanged with AlertPay, LibertyReserve, and PerfectMoney all in place. They seem to be more or less the only three payment processors accepted by anyone anymore with the popularity of STP continuing to wane. Payments are made manually and within 24 hours. I’ve not been aware of any serious complaint regarding this since the program launched back in late September and their payments record remains flawless.

One thing I noted in my last review of EarnPlaza was that the what was at the time recent addition of AlertPay would attract a good number of bigger investors. Because of their chargeback policy many investors prefer them due to a limited safety net they provide, and putting limits on the amounts admins can withdraw. Of course that also means that certain admins have been slow to accept them and fast to dump them in the past. Oddly enough this doesn’t seem to be the case with EarnPlaza who are currently offering a limited time bonus to AlertPay investors, adding an extra 6% to every $1000 invested via that payment processor. So obviously there’s one admin out there who loves them! That’s not going to be a permanent offer by the way, so if you’re interested I suggest you think about it quickly. Carefully as well of course, but quickly.

That’s just one of the recent new features to pop up. But don’t worry if you can’t afford the $1000 to take advantage of that particular bonus because there are others. Just recently the admin selected 30 random members and paid them all a free cash bonus to celebrate 50 days online. Granted that might not happen every day but it is the type of thing one can expect as a member of EarnPlaza rather than as a member of any other short term HYIP as bonuses do seem to get handed out at random but frequent intervals. The admin also continues to sponsor a daily cash contest on the MNO forum (check that out here) where you can win a daily prize by answering a simple question related to EarnPlaza. Some answers are available on the website and some are just total guesswork, so everybody gets a chance.

There have been some more substantial changes made to the fabric of EarnPlaza however, something to make it a more attractive overall HYIP package than just throwing the occasional bag of free money around. For one thing their support network now rivals that of even some of the more established long term programs, and in many cases surpassing them. There’s still the usual method of filling out your details on the online ticketing support form on the contacts page of course, but now you also have multi lingual telephone support available in English, Russian, Spanish, and Italian.

The admin assures me this is very much a work in progress and is finalizing his efforts to add more language live operators soon. However if you don’t wish to use the telephone support you may wish to use the Live Chat support instead. This is also multi-lingual and currently supports English, Russian, and Hungarian. Though don’t be surprised to see more languages listed there either. The idea of a members forum has also been discussed, but with no firm decision taken on that just yet.

Other than that I need to repeat some of the more basic technical details, which include that EarnPlaza is running off a script licensed by GoldCoders and is hosted on a dedicated Staminus server with support and protection by Dragonara, a marked improvement on their last provider, and has an SSL certificate for better security. And from inside your member’s area you can set some extra security features if you need them, for example you can detect any changes in the IP address used to access your account, as well as any changes in your favored web browser.

The website itself however has been largely redesigned and in my own opinion looks much better for the facelift. One extra feature you may like, though not visible to non-members, is the live chat box in the members area where you can chat away to your heart’s content with admin and members alike on matters concerning EarnPlaza or anything else that comes to mind.

Overall I’d have to say the HYIP industry is a better place for the existence on EarnPlaza, and particularly for the presence of admins like this. That much is obvious now, and two months of steady payments on highly lucrative plans have proven this. The million dollar question now however is how much longer can they keep it up for. If only I could answer that! But there are precedents out there that would suggest they might be a long way from finished just yet and there doesn’t seem to be any slowdown in cash flow that I can see. December is always a tricky month to call in this industry but I would be reasonably hopeful that EarnPlaza are more highly regarded by their customers than that.

The risk is still there of course, but then again it was there in September as well and here we are still getting paid. So who knows? As long as you continue to use EarnPlaza smartly, keep your deposits at a sensible level, make it part of a wider more diverse portfolio, then like I said for a ten dollar minimum what’s the worst thing that can happen?

DAILY NEWS FROM THE INDUSTRY.

I would like to start with some clarification regarding the recently added short-term program RoboticInvest. It looks like it’s only a couple of days ago the program added the two short-term plans offering 120% after 7 days and 160% after 14 days. Before that for over 40 days there was only one plan available – 2.5% for 44 calendar days (110% total return) with no principal returned on expiry. That fully explains why the plans seemed so odd. But it doesn’t explain why the admin implemented such a sudden shift from a very low-ROI program that only paid 10% pure profit in 44 days to such absolutely different plans paying 120% after 7 days and 160% after 14 days. To tell you the truth, in many cases it looks like a red flag for a member of any other program but I think it was the clever marketing move from the admin who first earned a good reputation for RoboticInvest by paying 2.5% daily in instant payouts throughout the first cycle and then totally changed direction by adding new very attractive but at the same time sustainable plans, adding AlertPay as a processor (it looks like it was also added on request quite recently), lowering ref commissions from 10% to a more affordable 3% and upgrading their level of DDoS protection with BlackLotus to the highest level.

It looks like this sudden change could scare off many investors as the first payouts on expiry from 120% after 7 days and 160% after 14 days are only going to be processed just in a few days. However I appreciate the admin’s straightforward approach as he finally got back to me tonight with the answers to my questions of why he made these changes and I found his position logical and reasonable at its core. I would not like to go through those explanations here but if you want to consider them before you make a decision about investing with RoboticInvest please read my detailed review of the program tomorrow and find the answers by yourself.

The admin of the program Edward was also kind enough to provide my readers with the last newsletter from his program which I didn’t receive myself since I was not a member at that time. So here is the latest from RoboticInvest:
“Edward Sibley here with a very exciting newsletter for RoboticInvest! There’s a lot of good information here so it’s best you set 2 minutes aside and read it all!
As requested we have added the Alertpay payment processor. You can now make deposits and withdraws with Alertpay. All withdraws are instant!
We also are adding SolidTrustPay very soon!
You may have noticed a few days ago that we upgraded to an Elite DDoS Protected Dedicated server, which is able to protect from the biggest attacks. So expect our site to always be online! (Cost: $480 per month). Nothing will stop RoboticInvest!
We currently pay 2.5% daily for 44 days. I have been quite rightly told that this is only 0.14% profit per day. Many people think this is a low amount so low that people won’t be interested. I have decided to revise the plans to a more attracting offer. 120% after 7 days. This is a reasonable plan and there are other HYIP’s paying higher than this. This is not a Super VIP plan this is based on weeks of suggestions and because our current rate of 0.14% profit (2.5% x 44 = 110 110-100=10 10/44 = 0.14). This is not a redflag and not something to panic about as it is a reasonable rate and a planned decision in order to attract people that did not want to originally invest with us.
To make up for this higher rate we have lowered the Referral Commission to 3% (10% previously) to balance out the payments so all is level and good.
Happy investing!
-Edward Sibley (RoboticInvest Administrator)”.

If you think that RoboticInvest is the only program to add different plans during the lifespan after being online for a relatively long time you’re mistaken. YesInvestment (reviewed here) which is currently ranked #2 on MNO and only missing out on first place to the flawlessly performing CherryShares (reviewed here) also added more new plans recently. And while it was not the first time this happened every time it does happen you should analyze why the admin of a program adds this or that particular plan. You might remember that I was quite positive when three weeks ago YesInvestment added a new Promo plan where you were paid 7% daily for 18 days with a return of 126% from investments limited to a $100 maximum. It was easily seen as a genuine attempt by the admin to make the program popular among the investors and I was quite positive about it. I think those who made their deposits into that plan were in good profits with YesInvestment. However, I can’t say the same for the other three limited in time Promo plans that were launched today and which will possibly become a nice way for the admin to earn some extra money to buy Christmas presents for his friends and relatives (if you know what I mean) and I would like you first to take a look at the recent update published on YesInvestment site about the new plans:
“YES Promo Advance, Pro and VIP plan added.
We pay 7%-15% Daily for 18-45 Days in YES Promo plans. Principal deposit and interest are GUARANTEED! This plan will be closed as soon as we reached the investment limit of 1000000 shares (1 Million USD). 1 share = $1USD. This is a very limited time and limited shares offer.”

Ok, let’s cut the crap about 1 million USD (the way that was heavily applied by a recent scam EzProfit) and get straight to the point. The new plans on offer in YesInvestment are:
“YES Promo Advance
Min: 500.00 Max: 2,499.00 10% interest send to your account daily for 35 days. Total 350% return. Pure profit 250%. Principal Deposit and Interest 100% guarantee.
YES Promo Pro
Min: 2,500.00 Max: 14,999.00 12% interest send to your account daily for 40 days. Total 480% return. Pure profit 380%. Principal Deposit and Interest 100% guarantee.
YES Promo VIP
Min: 15,000.00 Max: 100,000.00 15% interest send to your account daily for 45 days. Total 675% return. Pure profit 575%. Principal Deposit and Interest 100% guarantee.”

Have you had a closer look at those plans to see that they are absolutely unfeasible and that paying 350%-675% after a period slightly longer than a month on such high deposits is absolutely impossible and makes no sense for a ponzi like YesInvestment if it is intended to stay online for a long time. Of course, I doubt very much that you will be paid on these plans daily as was announced (more likely it’s one on expiry payment which I highly doubt you will receive anyway). Most probably the profits collected from these plans funded by some gullible or greedy investors will be used to fund the expenses of paying to those invested into the original 0.8%-2% daily for life plan that was originally offered by YesInvestment when it’s launched 8 months ago. Those who will invest into these plans will surely be given all types of excuses on expiry of their investment (the necessity to buy a Debit card that will arrive in a few months, send them documents to verify your identity or bank account details which will take weeks, etc.). I saw similar tactics applied by EzProfit and others in the past and would not be surprised that this might be the case here. Well, I still believe that those investors who were smart enough and invested into the daily paying plan with no expiry plan with YesInvestment are out of danger and will be paid within the following weeks if not months. The program might even survive Black December, who knows? But the investors who will “take advantage” of the current offer will almost definitely will be at a loss. So be smarter than HYIP admins and play by your own rules!

After more complaints from angry investors of GroupUniversal who complained about the selective payouts to me during the last two days I have decided to move the program to Problem status on MNO once again. There is no smoke without fire and if I get so many complaints I simply cannot help but react in order to prevent my readers from having future losses. To be fair I did receive a reply from the admin of the program finally where he asked all the members having problems to contact their support ( I was replied from this email address groupuniversal.help@gmail.com, so if you need help please email there). However, the complaints were that the funds are not paid but returned to the accounts without explanation and all the attempts to contact support remain unanswered. So I take this seriously enough and will not move GroupUniversal back to Paying status unless I receive a confirmation of paid withdrawals from those who complained to me. Remember, that MNO is one of the few real monitoring sites that strive to indicate the real status of the program and always indicate specifically when a program attempts to pay selectively, especially if I have multiple complaints from readers. So be on the safe side and do not invest in GroupUniversal which is currently on Problem status with MNO until further notice!

Today is Veteran’s day in the US which gave the HYIPs allegedly involved with ForEx and stock markets another convenient reason not to pay on this holiday, lol. Anyway, I would like to take this opportunity to send best wishes to all my US based readers and hope you and your families have a good day!

Two programs are affected today by Veteran’s day in the US and so the earnings will not be sent to your accounts as usually happens on proper business days. They are Flamanta and FenixTrust. Actually I received very similar updates from them in a similar format within 10 minutes of each other so it made me think these programs could well be run by the same admins (why not?). Anyway, it’s just total speculations and I don’t have any proof of that.

Here is the email from FenixTrust (reviewed here):
“{“en”:”In view of the fact that today is non business day and turnovers are very low we declare today a non-trading day due to Veterans Day.
Our congratulations, dear clients! Please note that FenixTrust network works as usual except for the interest adding.
Ask your questions using phone support customer service: +598 97174012 (For english and spanish speaking users) 9:00 to 17:00 GMT -3, thank you for using FenixTrust services.”}”
I remind you that FenixTrust has been monitored on MNO for 7 weeks (though it was online for a much longer period of time) and it offers 0.6% for 30 business days, 0.8% for 90 business days and fluctuating interest rates for 120-270 business days while accepting LibertyReserve, PerfectMoney and Bank wires (for a certain minimum) and offering instant payouts to payment processors.

And here is the update from Flamanta (reviewed here):
“{“en”:”We would like to inform all Flamanta clients of Flamanta that 11 of november we will not trade because of Veteran’s day. Withdrawals and investment operations are conducted as usual.
Thank you for cooperation with us, if you have any questions please contact us by phone: +1(888) 490-54-50″}”.
Flamanta has been on MNO for 106 days and already reached #8 in the MNO ranking due to the alleged similarities with GeniusFunds (one of the major hits of 2009). Flamanta is offering instant cashouts to both PerfectMoney and LibertyReserve payment processors on the following plans: 1.72%-1.78% for 150 business days, 1.84% for 160 business days and 1.92% for 180 business days. According to the latest research on the MNO poll, Flamanta had 14% of the investors confidence who think it could survive Black December successfully which was not a bad result considering the strong competition in the poll last week.

By the way, the most recent poll currently running on MNO asks – What is your take on the coming Christmas period? – wasn’t displayed on MNO correctly till last night. It was my fault of course but now that it’s fixed you can submit your votes on that important question. There are different opinions available but so far the most popular reply is: “I think that we will see many short-term scams during this season which will take advantage of investors’ desire to make some fast easy money.” It looks like 52% of MNO readers share this popular point of view that proved to be the case during recent Christmas seasons. You have another point of view? Then let others know. The poll is available for voting under my ShoutBox right now!

Another low-ROI successful program is ReProFinance (reviewed here). While it’s being monitored on MNO for over 5 months now it’s relatively unpopular among readers who were perhaps frightened by low-ROI returns offered by the program (0.8%-1.5% for 90 business days and 0.9%-1.9% for 180 business days with principal back on expiry), but surely many are in profit by now (provided they invested in the 90 business days plan and withdrew their principal on expiry). I must say that such low returns from ReProFinance are being compensated by instant payouts offered to both LibertyReserve and PerfectMoney and the unique and secure script which makes it possible to support the stable work of the program for a long time. In my opinion, ReProFinance is one of the most under-appreciated programs that usually can run for months and years before they pick up steam, but I actually quite like such an approach. Anyway, the recent news from ReProFinance sees the introduction of their support phone number based in Madrid, Spain but for some unknown reason providing phone support only in the English language. Anyway, finally you can call ReProFinance on the number listed if you have any questions and would like to receive a professional reply. The most recent update is published on the ReProFinance‘s website and also below:
“New hotline number in Madrid: +34 91 187 1606
We’ve set up new hotline number in Madrid, Spain, to support our customers: +34 91 187 1606. Operators are available 12 hours per day from 3:00 PM till 3:00 AM GMT (London time). The support is available only in English language. You are welcome to call us with any questions related to our business!”

The last update for today is coming from WorldPrivateFunds (reviewed here) the admin of which sends out regular newsletters to inform his members about the processed withdrawals and remind them about the current bonuses running for new deposits into any of the offered plans: 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 (with principal returned back on expiry for each of them). Here is the latest email I received today from the admin of WorldPrivateFunds Samuel (interviewed here):
“All withdrawal requests for Nov 10th have been completed.
I remind you about our cash bonus promotion: all NEW deposits from $20 up to $1000 (new or old members), are eligible for a 5% cash bonus that will be added manually directly to cash balance. This bonus may be withdrawal any time the member wants. There are NOT eligible deposits from cash balance.
We appreciate if you will post about your payment proofs on forums and vote us on monitors.
Thanks for your great support.
Do not hesitate to contact me for any problem.
Kind Regards. Samuel Arildsen
WorldPrivateFunds Admin”.

The new program added to MNO monitoring today is a just very recently launched extra-short term program called FinanceCity. The program offers instant payouts to LibertyReserve and PerfectMoney on the following plans: 105%-122% after 1 day, 118%-177% after 3 days, 150%-255% after 7 days, 180%-322% after 10 days, 250%-555% after 15 days, 1000%-1111% after 30 days. FinanceCity is up to a high enough standard in security as is running off a licensed GoldCoders script, SSL secured and is hosted on a dedicated server provided by BlackLotus. I hope to receive my first payout from FinanceCity tomorrow and review it by Saturday so check this out if you want to know more about them before investing.

Here is the list of the programs that paid me today and feature on my monitoring page:
RoboticInvest (the first instant payment received), MicroTechFund, MutualTreaty, EarnPlaza, CazaInvestment, Flinexa, WorldPrivateFunds, OilStructure, FondosMayores, ReProFinance, PawnShopFund, PandaTrade, HourlyInstant, Flamanta, FenixTrust, CherryShares, GainBucks, InvestPlatforms, GWDConline, FelixFunds, YesInvestment, OptimumPride, 144CashAds, GloTrade, FutureTrails, FiboTradePro and RedOrchidInvest.

I hope to see you all on MNO tomorrow with a detailed review of the old/new short-term program RoboticInvest and more news from the industry. Stay tuned and always stay on the money with Money-News-Online!