{"id":14026,"date":"2017-01-28T08:50:23","date_gmt":"2017-01-28T14:50:23","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=14026"},"modified":"2017-03-03T03:22:24","modified_gmt":"2017-03-03T09:22:24","slug":"28012017-sumwex-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2017\/01\/28\/28012017-sumwex-review-daily-news-hyip-industry\/","title":{"rendered":"28\/01\/2017. SumWex Review and Daily News from the HYIP Industry"},"content":{"rendered":"

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

Hello everyone, and I hope the weekend has been for you all so far. For me it’s my last couple of days of my vacation here in New Zealand before I travel on towards Fiji. That doesn’t mean work has to stop on MNO of course as regular readers will know days off are quite a rarity here. Even more so at the moment though, this January really has been explosive with more high quality programs coming here for listing all the time. Two more new Premium Listed programs<\/a> will be introduced in the news section below, so keep reading for more info on those in a few moments. Among the latest (though not quite the newest) program added to the MNO Premium List<\/a> is SumWex<\/a>, a mostly short term program. While it has been running for a month now it looks like the admin\u2019s plan was definitely to start things off low-key during the holidays and begin a massive advertising campaign once the HYIP industry resumed in January. So let’s take a look at what SumWex<\/a> are all about and whether you think they might be worth taking a risk on.
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\nThere are three investment plans to choose from in SumWex<\/a>, though by their own description one of them is listed as a \u201cTrial Plan<\/strong><\/em>\u201d. I don’t know why, it’s open to some fairly large deposits and on a profit per day basis compares quite favorably with the others. Anyway, you can join for a $10 and the term runs for 5 calendar days<\/strong> SumWex<\/a> offer their members one single payment on expiry<\/strong>, at a rate of 110%<\/strong>. This figure includes your initial investment combined with the profit, so don’t expect your principal back in a separate payment. That therefore leaves you with your own money back plus 10% from SumWex<\/a> as your reward for joining. A maximum spending limit of $10,000 is placed on investments here.<\/p>\n

The next option, called The Swift Plan<\/strong><\/em> changes from on expiry to daily interest payments<\/strong>. The term length extends to 10 calendar days<\/strong> though this is course is still very much in the category of short term plans anyway. SumWex<\/a> charge a minimum $10 to join, and for anything up to a $10,000 maximum you earn a daily interest rate of 12%<\/strong>. So with the SumWex<\/a> admin including your principal as part of those payments, a final return of 120%<\/strong> leaves you with your own money back plus 20% net profit.<\/p>\n

SumWex<\/a> continue with the daily payments in their third or so called Regular Plan<\/strong><\/em>. The limit for investments stays in the ranges of a $10 minimum to a $10,000 maximum, and the term length extends to 19 calendar days<\/strong>. In return for your money this time SumWex<\/a> offer a reduced daily rate of 8%<\/strong>, however with the extra payments this time the final earnings come to 152%<\/strong>. Your principal is again counted as part of the daily payments, so you get your own money back plus 52% in net profit as your reward for joining.<\/p>\n

If you are happy to see any of those plans added to your portfolios (and remember there’s nothing to prevent you from joining all three if that’s how you feel) then the payment methods in use by SumWex<\/a> are up to an acceptable industry standard. You can use any of PerfectMoney, Payeer, and AdvCash<\/strong> if you favor one of the more traditional style payment handlers. If on the other hand you are one of the growing army of HYIP investors dumping the old school and switching allegiances to BitCoin<\/strong> then SumWex<\/a> are using this too.<\/p>\n

However I would need to clarify a couple of things about BitCoin deposits and how the process differs somewhat from the other regular processors. If you are using the likes of let’s say PerfectMoney for example, there is an interface (as usual) within your SumWex<\/a> account that takes you directly to the PM website where you can then invest. There is no such feature for BitCoin, so in this case you will be depositing directly into the program’s own wallet. This was quite confusing for a couple of my referrals first, but the admin assured me that any amount sent to that BitCoin address would be added automatically to your available funds. You will also notice two buttons in your SumWex<\/a> account area, one marked \u201cadd funds<\/em>\u201d which is fairly self-explanatory I think, moving money into your account area with the program, and the other button labeled \u201cmake deposit<\/em>\u201d. It’s this second button you will need to hit in order to move the money out of your account area (otherwise it just sits there doing nothing) and into an active investment plan where you will start making money. Withdrawal requests are handled manually by the SumWex<\/a> admin and will need to be requested from inside your members account area. Strictly speaking according to the program’s own rules you are asked to allow anything from 24 to 48 hours for your transaction to be processed<\/strong>. That may eventually turn out to be the case if SumWex<\/a> ever becomes as big as it has the potential to do, however in my own short experience with them all of my own withdrawals were done exceptionally fast for manual payments, sometimes even five minutes so kudos to the admin for as long as he manages to keep that schedule going. It’s going to prove a very strong selling point in an extremely competitive HYIP market these days. Minimum withdrawal is a dollar by the way, or its BitCoin equivalent, so smaller investors take note.<\/p>\n

Looking into some of the more technical aspects of SumWex<\/a> now such as design and website security, it’s really impressive right from first glance with its user-friendly layout and excellent graphics. SumWex<\/a> is also powered off a custom made script which has been developed especially for the program. We don’t see enough of this in the industry in my opinion, because as long as it’s been rigorously tested for safety it gives the admin a lot more flexibility to develop his website as the program’s needs change, making improvements without the need for reliance on third party support techs. It’s all very yet easy-to-navigate by the way, and SumWex<\/a> is customer friendly. The site has an SSL secured certificate by Comodo for safer browsing and more secure transactions and for a hosting provider the admin has opted for DDoSGuard who are keeping the SumWex<\/a> website on a dedicated server with their tech support and protection from malicious attacks.<\/p>\n

If the need arises that you have to contact the admin with any further questions you think may not have been covered in this review or any account related issues that need to be cleared up then you have a couple of options. For e-mail support you can fill in your details on the online contact form and submit it through the SumWex<\/a> website. You may be able to get certain things cleared up a lot faster though if you find a Live Support operator on the program’s Skype account. SumWex<\/a> are also the latest HYIP to implement the Telegram instant messaging system so you can try that one out as well if you are already familiar with it.<\/p>\n

The only real \u201cdownside\u201d I can see here for want of a better word is that SumWex<\/a> have been plying their trade for a couple of weeks now, long enough for a good number of the first investors to be comfortably in profit from all plans. What’s so bad about that you might think? Well, nothing really, but there’s no point in denying that when it comes to shorter term programs there’s a lot of investors who get very sensitive about how long it’s been running up until now. For SumWex<\/a> though I do believe there is still a certain untapped market for what they are selling, because I can see for myself there’s a demand out there that’s not currently being met. We’ll see soon enough if there’s still enough enthusiasm out there to sustain SumWex<\/a> for another couple of cycles anyway, but I suspect there might be.<\/p>\n

As for a business plan, well, experienced HYIP players will probably know to ignore this, but SumWex<\/a> are claiming to be involved with the ForEx currency exchange. A story often repeated in the HYIP industry! You can\u2019t do much to independently research and verify this anyway even if you believe it, so as always best to treat SumWex<\/a> like any other online HYIP. Keep your expectations modest and realistic, and stay well under a sensible spending limit. Invest only what you can comfortably afford to lose and earn back from other income sources, and if you do spend money on SumWex<\/a> then keep it as a just one part of a wider more diverse portfolio.<\/p>\n

Before we finish up with SumWex<\/a> for today then and move on to the news section I just want to ask readers what their own thoughts on the program are. Do you like it or not? Do you think it\u2019s a program worth joining, or will you skip it? Please answer the following opinion poll, which as always will throw up some interesting results in the coming months and show how many people\u2019s first impressions were good or not. Remember that all replies are 100% anonymous and untraceable, and it only takes literally a second to participate. So:<\/p>\n

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