{"id":13778,"date":"2016-11-06T13:15:07","date_gmt":"2016-11-06T19:15:07","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=13778"},"modified":"2016-11-15T07:48:46","modified_gmt":"2016-11-15T13:48:46","slug":"06112016-forexbrothers-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2016\/11\/06\/06112016-forexbrothers-review-daily-news-hyip-industry\/","title":{"rendered":"06\/11\/2016. ForexBrothers Review and Daily News from the HYIP Industry"},"content":{"rendered":"

Beware! ForexBrothers has stopped paying! Do not invest there!<\/strong><\/span><\/p>\n

Hello everyone! I hope the weekend is going well for you all so far, and there’s a quite a few news stories to catch up on and a new program to present. The main point of today’s update however is a recent addition to the MNO monitor<\/a> called ForexBrothers<\/a>. It’s a short term program, not brand new having completed its first cycle already (putting investors into profit in the process), but new to my monitor where the admin has taken Sticky Listing<\/a> for the first week on top of regular Premium Listing<\/a> as well. I’ll have a look at the finer points of ForexBrothers<\/a> below and we’ll see if you think it’s still a risk worth taking or not and if you want them in your own portfolios.
\n\"ForexBrothers\"<\/a>
\nDown to business then, and ForexBrothers<\/a> offer just one investment plan. That makes for an easy review for me, and an easy decision for you \u2013 you either like it enough to join, or you don’t. Simple as that. You will need a $25 minimum to invest, and the term will run for 10 calendar days. Technically speaking I suppose that’s not entirely accurate, as ForexBrothers<\/a> actually measure the term in hours. In that case the plan runs for 240 hours<\/strong>, which is of course the same thing as ten days. The reason for this is because members are paid by the hour. Everyone receives the same amount of interest regardless of the size of your deposit, big or small. The rate is 0.63%<\/strong> per hour on all deposits with no maximum limit placed on how much you can spend. By the end of the term that adds up to a grand total of 151.2% return<\/strong> on your investment. ForexBrothers<\/a> include your principal in this, so it’s your own money back plus 51.2% net profit<\/strong>.<\/p>\n

Let’s see how a simple example might look in monetary terms and say we are investing a nice round figure of $100 with ForexBrothers<\/a>. You can then earn $0.63 every hour. Over the course of a full calendar day this adds up to $15.12, or a 15.12% daily return on your investment. 240 hours later (ten days) and this will eventually add up to $151.20, from which your initial hundred is already being included so makes $51.20 net profit for yourself. A more important statistic is always the break-even point of course, the point where you earn back an amount equivalent to your original deposit and can’t possibly lose any of your own money after that. This comes after 159 payments, which is 159 hours or just under a full calendar week. Many of you may have some doubts about exactly how long short term high interest programs like ForexBrothers<\/a> can run for then, whether they can complete the cycle you are joining. It would obviously be the goal that they do, but you only need them to be around for a week to see at least some profit.<\/p>\n

By the way, I think I might need to clarify something about ForexBrothers<\/a> at this point, especially if you have noticed a slight discrepancy between the website and my review. You see, for some reason the site says that the hourly interest rate is 0.625%, whereas I’m telling you as a ForexBrothers<\/a> member I’m actually receiving a marginally better 0.63%. OK, there’s not much in the difference, no more than a couple of cents for most investors, just be aware of the discrepancy and of the correct rate.<\/p>\n

If you think the ForexBrothers<\/a> investment plan is something still worth taking a chance on, then the choice of payment options isn’t bad considering the type of program it is. You can join using any of PerfectMoney, Payeer, or AdvCash<\/strong> if you prefer the traditional style payment handlers, or BitCoin<\/strong> to spend directly with a more modern e-currency. Something that’s very important for a lot of short term programs, but particularly those making hourly interest payments like ForexBrothers<\/a>, is instant payouts<\/strong>. After all, no one wants to be left waiting 24 hours for an hourly payment to be completed, right? That would just defeat the entire purpose of the exercise. So as one might expect, ForexBrothers<\/a> do make instant payouts. You will still need to log into your account and make the request, but once done the money should be with you in under a minute.<\/p>\n

Just be aware of the minimum withdrawal rule though, as your request will have to be at least $1 or more. You can make as many withdrawals as you like as often as you like, but if it’s less than $1 it goes to pending status and will need to be cancelled and returned to your account until you have enough to make the proper request. This will mean only the bigger investors will actually get to make a withdrawal every hour, as your principal would have to be $159 or more in order to earn a full dollar every hour. Everyone else will have to do so a bit less frequently in line with the size of your deposit.<\/p>\n

Onto the more technical side of the ForexBrothers<\/a> website now such as the design and main security features, everything seems up to an acceptable standard. Hosting is on a dedicated server with tech support and protection from malicious attacks provided by DDoSGuard. The site has an SSL encryption certificate from Comodo to help with safer browsing and more secure transactions. And as for the script, most of the regular players will already recognize it as being from GoldCoders with all the customer friendly features and easy to navigate interface you would expect from them. I’ll just confirm for you that ForexBrothers<\/a> are using it under license.<\/p>\n

If you still have any further questions for the ForexBrothers<\/a> admin that you think were missed in this review or any account related issues that need to be dealt with then direct support is limited. If you don’t find what you’re looking for on the ForexBrothers<\/a> FAQ page then you will need to fill in your details on the online support form and submit it via the contacts page. As of yet there is no indication that other channels such as Live Chat support, social media profiles, etc, are being planned any time soon.<\/p>\n

As for any alleged business activities behind ForexBrothers<\/a>, the website is perhaps somewhat overwhelmed and cluttered with unnecessary information. Every attempt is made to create the impression of a trading company in business since 2011 and regulated by the UK Financial Authority. The fact that there was no functioning website until a month ago when the domain was registered gives a more accurate picture. And a website that takes online deposits from anonymous untraceable sources like PerfectMoney receiving a government license? Dream on! Texts and even the news updates are copy\/pasted from other genuine investment websites, and in general contributes nothing other than a distraction from the real matter at hand, which is that ForexBrothers<\/a> is a high risk internet only HYIP. There’s a chance to make money and a chance to lose it, just like anything else in this industry. With that point firmly at the front of your mind remember to set yourself a sensible spending limit you can comfortably afford to lose and easily earn back from other sources. And if joining ForexBrothers<\/a> at all then keep your expectations realistic and use them as a smaller part of a wider more diverse portfolio.<\/p>\n

Before we move on to the news section for today then I just want to finish with ForexBrothers<\/a> for the moment by asking what you guys make of it. Play or pass? I hope you won’t mind taking a second to vote in the following poll, which is as always completely anonymous. I hope the results will eventually show how many readers made the correct judgment call on the program as to rating your chances for a fast profit or not. So, the question is:<\/p>\n

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Will you make an active deposit in ForexBrothers<\/a>?<\/strong><\/p>