{"id":13814,"date":"2016-11-16T19:45:01","date_gmt":"2016-11-17T01:45:01","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=13814"},"modified":"2016-12-08T16:18:25","modified_gmt":"2016-12-08T22:18:25","slug":"16112016-magnum-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2016\/11\/16\/16112016-magnum-review-daily-news-hyip-industry\/","title":{"rendered":"16\/11\/2016. Magnum Review and Daily News from the HYIP Industry"},"content":{"rendered":"

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

Hello everyone! I don’t know if it’s just me (or a generational thing) but whenever I hear the word \u201cMagnum<\/a>\u201d my thoughts automatically turn to Hawaiian shirts, mustaches, 80’s machismo, driving around in a Ferrari looking at bikini models, and Tom Selleck! It was of course the TV series where the actor became a household name, but it’s also the name of a new mid term program added to the MNO monitor’s Standard List<\/a>. To be exact it’s not strictly speaking really a new program as such, the Magnum<\/a> website has been online for about a year, but it’s recently (since September) underwent a complete and total redesign and now features completely new investment plans. With that in mind it seems the admin is now ready to start bringing the program to a wider audience of more serious investors, so let’s see what Magnum<\/a> is all about and whether you think it might be worth a couple of bucks to add to your own portfolios.
\n\"Magnum\"<\/a>
\nPlans then are pretty simple. There are three to choose from, one of which is cheap and affordable, another which is aimed at the more serious bigger spending players, and a third which is to be honest well outside the spending limit of anyone I know. So to start with all you need is a $10 minimum. For this Magnum<\/a> have a 30 business day term<\/strong> (six weeks), during which investors receive a daily interest payment from Monday to Friday. The rate is 5%<\/strong>, from which your principal is already included so don’t expect that to be returned in a separate payment. The total amount you should expect to earn then is 150%<\/strong>, from which 50% is the net profit<\/strong>. This applies to all deposits up to a maximum value of $9,999, so that’s pretty much everyone looking to join the program.<\/p>\n

To put that into monetary terms then and see how a typical sample investment might look, let’s say you were to spend $100 in Magnum<\/a>. For this the admin would repay you $5 every day for the following 30 business days. You would finish up with $150 in total, containing your own initial hundred plus the extra fifty as your net profit and reward for joining. The most important statistic here of course is always the break-even point. You earn back an amount equivalent to your deposit after 20 of the scheduled 30 payment days which is four weeks. After that you can’t possibly lose any money in Magnum<\/a> and it’s all pure passive profit.<\/p>\n

This continues for investments of $10,000 and upwards, with Magnum<\/a> offering a better return if anyone is brave enough to risk that kind of money. The term is still 30 business days<\/strong>, however the offer improves to 6%<\/strong> interest per day, again with principal included. That comes to a grand total of 180%<\/strong> by the final payment, or your own money back plus 80% net profit<\/strong>. I guess this is purely academic or theoretical when it comes to amounts of money this size, but if you are interested then the plan has a break-even point of 17 days. Magnum<\/a> have placed an upper limit of $50,000 on investments to this plan.<\/p>\n

Things change direction somewhat for Magnum<\/a>‘s third plan. To start with it’s going to set you back at least $100 as a minimum to join. And instead of daily interest payments, this time Magnum<\/a> just offer one single payment on expiry of the term<\/strong>, which in this case runs for 7 calendar days<\/strong>, one week. And please note, I did specify calendar days for this plan, not business days like the previous options. Your principal and profit are all included together in the payment, coming to 111% in total<\/strong>. So we’ll say for the minimum $100 deposit Magnum<\/a> are offering you back $111 as a payment. Clearly this, when you look at it on a profit per day basis, is nowhere near as good as the daily payment plan. On the other hand however it does have the added benefit of putting you into some (albeit smaller) profit in a faster period of time. So as you can see both plans have certain advantages and disadvantages over each other, it’s simply up to you to decide what your priorities are and how much of a risk you are willing to accept. Of course there is also nothing to say you can’t split your deposit between both of Magnum<\/a>‘s plans if that’s what you prefer.<\/p>\n

If you like the plans then the list of payment processors is the next thing you will probably want to know. At the time of writing it’s actually quite good, vastly improved since Magnum<\/a> opened first. You can join Magnum<\/a> using any of PerfectMoney, Payeer, AdvCash<\/strong> and the recently added Payza<\/strong> if you prefer the more traditional style payment options, and BitCoin<\/strong> for a more modern digital e-currency. Payout requests, when made manually from inside your Magnum<\/a> members account area, should then be processed instantly<\/strong>. Just log in, submit the request, and the money should be with you in under a minute. I suppose it’s that last most recent addition of Payza that’s going to grab the attention of most of the serious and bigger spending investors. Not a lot of HYIPs are accepting that at the moment due to them not exactly making things easy for the admins when it comes to scamming. But that’s what endears them to investors who are rightly more concerned about their own interests first and foremost. It’s a good move from the admin and shows professionalism I think and a willingness for Magnum<\/a> to be treated as seriously as any of the biggest and best programs out there competing with them.<\/p>\n

Moving on to the more technical side of the Magnum<\/a> website now, the first thing I can tell you (as a lot of the more experienced investors will observe anyway) is that the script is from GoldCoders. I’ll just confirm that it’s under license from them, and has all the hallmark feature you might expect such as being easy to navigate and having a customer friendly interface. For a hosting provider the Magnum<\/a> admin has opted for DDoSGuard, a fairly reputable and dependable name serving the HYIP industry, who are keeping the website on a dedicated and DDoS protected server. The Magnum<\/a> domain name has been registered in advance for the next five years. I mention this not because I actually expect Magnum<\/a> to run for that long, but rather because it often shows an admin who likes to plan ahead and intends running his program for as long as is realistically possible instead of just a fast scam. Of course a lot of other things need to fall into place and go his way too, but at least that’s his intention. For safer browsing and more secure transactions Magnum<\/a> also feature an Extended Validation secure SSL encryption certificate from Comodo, so that should give a little extra peace of mind to most of you.<\/p>\n

If you have any further questions for the Magnum<\/a> admin or any account related issues that need to be dealt with then you have a couple of points of contact open to you. Mainly though this is going to be via e-mail, either directly to the address listed on the website or by filling out your details on the online customer support form and submitting on Magnum<\/a>‘s contact page. A more recent development has been the introduction of a regional representative scheme, where regular investors are invited to get more involved with promotional and support work in exchange for better referral commission rates. Contact the admin if this is something you are interested in. a postal address is listed in the UK where Magnum<\/a> is registered as a company, however I think most experienced HYIP players will know by now that this can be ignored and is simply used for registration purposes rather than where you would expect to find anyone connected with the program physically located.<\/p>\n

As for a business plan, just in case anyone is interested, Magnum<\/a> just give a very brief and vague few lines about buying shares in new companies. That’s supposed to somehow guarantee your money? Of course not, even if it were true I think regular HYIP players would still know that much can’t be possible, I just mention it for the newbies here. Magnum<\/a> is just as high risk as anything else in the HYIP industry, so treat them accordingly. Set yourself a sensible and affordable spending limit that you can lose without any serious consequences and easily earn back from other income sources, and if joining Magnum<\/a> at all then do so as a smaller part of a wider more diverse portfolio.<\/p>\n

Just before the news then I would like to ask readers about their own first impressions of the program. Is Magnum<\/a> something you would consider adding to your HYIP portfolios or do you think you’d rather pass on this one and wait for something else? It’s not just the initial results that are interesting, I think it might be good to look back on the poll in the coming weeks and months as we get a better feel for the direction Magnum<\/a> takes and see how many people get it right or wrong. So:<\/p>\n

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