{"id":1881,"date":"2009-09-06T12:42:27","date_gmt":"2009-09-06T12:42:27","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=1881"},"modified":"2010-01-29T23:04:53","modified_gmt":"2010-01-29T23:04:53","slug":"060909-cedexinvest-review-and-other-news","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2009\/09\/06\/060909-cedexinvest-review-and-other-news\/","title":{"rendered":"06\/09\/09. CedexInvest Review and Other News"},"content":{"rendered":"

THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST!<\/strong><\/p>\n

Hi all! If you have been following my blog on and off over the last couple of weeks, or indeed just had a quick look at my monitoring page<\/a>, you may have noticed that the number of new programs I’ve joined is on the increase. So much so that I can barely keep up with the reviews myself on the blog page. So for the first time in several months I’m going to have to pick up the pace a bit and start doing more than one review per day. No disrespect to the programs that don’t occupy my \u201cfront page\u201d for a full day you understand, as the information will still be available for those who care to search for it.<\/p>\n

So now that I’ve read my Sunday newspapers I’d like to continue the morning by taking a look at one of the new HYIP’s I’ve just joined. It’s a low rate of interest medium term program called CedexInvest<\/a> and while it might not be the finished article and there is definite room for improvement, I am also quite positive about it and with only a few minor adjustments I think this one has the potential to surprise a few of us. And it’s not yet a week old so if you’re interested then take a look today.
\n\"\"<\/a>
\nThere are three plans available from CedexInvest<\/a> and this is really where my problem with them starts. One of them is excellent. It’s affordable and sustainable over a number of months while still being profitable. The other two however are so ridiculously overpriced as to render them a complete waste of time for whoever drew them up in the first place. So the only plan I want to explain here is what they call \u201cPackage A\u201d. It’s open to anyone who wants to deposit from $10 to $15,000. I guess that’s just about all of us, lol! In return for that you will receive a daily interest payment of 2.4% per day<\/strong>. The duration of this term is a bit strange. It runs for 62 days<\/strong>. A bit of an unusual number but whatever. I guess the admin has his own \u201cmaster plan\u201d in mind and has calculated his own cut from this before launch.<\/p>\n

So anyway for a practical example we can take a sample investment of $100. Make that and in return you will get a daily payment of $2.40. This means you will break even and see your first profit after 42 days. Everything after that, ie the next 20 days, is pure profit. Your total earnings will add up to $148.80 but remember that your principal also gets returned so you can take that as an extra bonus if you wish.<\/p>\n

As for the other plans, we’ll sorry to skip over them like this but they open for deposits at $15,000 and go all the way up to a million dollars! So on the off chance the king of Saudi Arabia reads my blog then go for it your majesty, lol! As for the rest of us, it’s not a bad plan, good in fact but a little variety wouldn’t go amiss either. Opening those other two plans to the overwhelming majority of people not counted among the \u201cSuper Rich\u201d, ie that group of people commonly referred to as \u201cthe rest of us\u201d, might help open CedexInvest<\/a> up to a lot more investors.<\/p>\n

The only payment options open to you at the moment are the usual LibertyReserve<\/a> and PerfectMoney<\/a> (that’s my other major problem with CedexInvest<\/a>) but it’s also something that can be easily expanded should the admin wish to fix it. But it will be necessary if the program is going to be seriously competitive. The other thing you need to be aware of is that there is no \u201cget out early\u201d clause so once you join your deposit is not going to be returned under any circumstances until the full 62 day term has elapsed.<\/p>\n

Security of CedexInvest<\/a> is up to an acceptable standard. Above average in fact with SSL encryption as well as a dedicated server protected from DDoS attacks. The script in licensed from GoldCoders and the overall design is quite good and user friendly. The customer support and service is offered via the usual online ticket submission system. They do provide a telephone number although as it’s Sunday morning I didn’t have much luck with that. Feel free to try it yourself and let me know what, if any, response you get. There is also a postal address in Monaco though personal experience tells me it’s unlikely that you’ll meet anybody there should you drop in. But to be absolutely fair I can’t say that for a fact either.<\/p>\n

Unfortunately someone (and not necessarily the admin, though responsibility ultimately comes back to him anyway) has deemed it necessary to use not entirely original texts on the CedexInvest<\/a> website. Some are a straight copy\/paste from an actual genuine financial company so therefore you should ignore all claims about this program having any involvement with the world of stock markets, ForEx trading, and securities. It’s actually quite a common trait throughout the entire HYIP industry so don’t attach too much importance to it either. And it might very well have been done by the designer without the admin being aware of it at all. You are especially advised however to ignore the statement on their FAQ page that there is no risk attached to investing here.<\/p>\n

However not to end things on a negative note I still think that as online HYIPs go then CedexInvest<\/a> offers a reasonable chance to earn a little extra cash for yourself. Despite its limitations which I have listed above, the plan is still both profitable and achievable and the website itself is safe enough as well. CedexInvest<\/a> is worthy of a modest investment as part of a well balanced portfolio.<\/p>\n

Other news for today.<\/strong><\/p>\n

MetaStocks<\/a> site (reviewed here<\/a>) is back online but my withdrawal requests are still in pending status. However I did get a response from the admin of the program which is a kinda encouraging factor. I will be moving MetaStocks<\/a> back to Paying status after the withdrawals are processed. Here is the email I received from the admin:
\n\u201cHello, Sorry for delay in replying.
\nWe had some problem with server, and our server manager solved the problem now.<\/em>\u201d<\/p>\n

Somebody reported to me that their withdrawal requests from OnisGroup<\/a> have been pending for almost 2 days. I think we shouldn’t just jump to some hasty conclusions yet and declare the program a scam. Remember that it has been online for many months and always paid on time! Even despite it being specified on their website that all payouts should be processed within a 24 hour time frame we should notice that it’s the weekend now so we can’t exclude some delays due to that. Anyway, I suggest to wait till Monday before making any decisions regarding the status of OnisGroup<\/a>. And just a few minutes ago I received an email from one of my readers who contacted OnisGroup<\/a> administration before about his pending withdrawal request and received the following reply:
\n\u201cYour current withdrawal request will be processed within the next 48 hours or sooner and we ask for your courtesy of being patient. We are expecting to receive the latest profits batch from the brokerage to our company LibertyReserve<\/a> account shortly.<\/em>\u201d<\/p>\n

EquiFex<\/a>, a new program which I announced on my blog last night and which is only a few days old has announced a referral contest. It seems many people liked the program and the variety of plans it offers to online investors. So success is really on the way for EquiFex<\/a> and I have little doubt about that. Surely, the referral contest as well as my upcoming review should help the further promotion of EquiFex<\/a>. I just wanted to add that I chatted with the admin of the program for a while and he seemed to me a very reasonable guy knowing exactly what he wants to achieve from the goals he has set. So I guess I will definitely interview him on my blog after the review is published. Anyway, here is the latest news from EquiFex<\/a>:
\n\u201cFirst, I want to say thanks to everyone that supports and promotes EquiFex<\/a>. We are now two days online and we have almost 350 members, $7,000+ in deposits and $1,350 as total withdrawal.
\nSo, for the Success for our site we would like to give a chance to our members to earn some cash from EquiFex<\/a>, we will have a $290 referral contest.
\nSo, let me give you the Contest Guidelines:
\n1. <\/strong>You cannot refer yourself.
\n2. <\/strong>Only Active Investors Count.
\n3.<\/strong> We will also consider the Amount invested in our site. We will check the quantity vs the amount of invested. So, even if you have one referral and got the highest referral deposit you will win the contest.
\n4. <\/strong>Winners will be announce on Sept 15, 2009 GMT 00:00 Server time thru newsletter.
\n5. <\/strong>Winnings will be added to the respective account holder and you can withdraw it anytime.
\n6.<\/strong> There will be 10 Winners: The Prizes are as follows:
\n1stPlace:$100, 2ndplace:$70, 3rdPlace:$50, 4thPlace:$30, 5thPlace:$15 and 6th-10th Consolation Prize of $5 Each.
\nOur online support are online 20 hours\/day and Email Support is Guaranteed a 24-Hour Response. Up till now EquiFex<\/a> is paying its members and would continue to pay, proofs can be found on our forum thread. Our reviews would be out shortly and we are hoping for the best and to stay here for a longer period.
\nThat’s all for today and have a nice week ahead!
\nRegards, EquiFex<\/a> Administration<\/em>\u201d.<\/p>\n

One of the programs from my Top 10 is GloriousProfit<\/a> (reviewed here<\/a>). In my opinion the admin of the program Chris is doing an amazing job in promoting his program and offers quite reasonable investment plans of 5%-5.5% for 30 days with the principal already included in daily payments. It’s good to know that I just received some questions for a long-awaited interview back from Chris and I’m going to publish it on my blog tomorrow. So stay tuned for that and enjoy the new promotional offer from GloriousProfit<\/a> that was announced in the latest newsletter:
\n\u201cGood Afternoon Everyone, Is everyone enjoying their weekend?! If you haven\u2019t yet got out and had some fun with your family or friends, then I urge you to get out and enjoy it.
\nToday I am just dropping by to stay in touch with all my fantastic members! I have a few things I want to let everyone know and also a nice new promotion. Also an accidental error on my part and will let you know more about it.
\nFirst and foremost, GloriousProfit<\/a> is doing magnificent! Today is our 25th day online and we now have reached over 1200 members. We\u2019re very happy about this level of membership and welcome everyone new or old into GloriousProfit<\/a>!
\nAnother important thing I need to mention is about a few members accounts. Some member\u2019s withdrawals were sent back to their account by mistake and wanted to let you know about it. There was no harm done but you need to request a withdrawal again. Thanks!
\nLast but not least, who wants a new promotion?! Today September 6th I am introducing our Second Special Offer that you may not want to miss out on. It will be out last one for a couple weeks. This one will last 72 hours and end on September 9th at this time.
\nThey are as followed:
\n1. <\/strong>Deposit $40 or more and get $5 Bonus.
\n2. <\/strong>Deposit $100 or more and get $15 Bonus.
\n3. <\/strong>Deposit $300 or more and get $50 Bonus.
\n4. <\/strong>Deposit $800 or more and get $135 Bonus.
\nAnd don\u2019t forget, we now offer AlertPay<\/a>, SolidTrustPay<\/a>, LibertyReserve<\/a>, StrictPay<\/a> & PerfectMoney<\/a>. Get it now as this will be out last Promotion for a couple of weeks at least.
\nThis is it for today everyone, don\u2019t forget to vote for GloriousProfit<\/a> and together we will become one of the leaders in this industry.
\nTake Care, Chris<\/em>\u201d.<\/p>\n

It seems that not many people believe in Kevin’s story with making money on casino comps. Otherwise why would he send such an update to the members of XagaEnterprise<\/a>:
\n\u201cMany people asked me same questions. Does Xaga have certificate? Does Xaga have office? The answer is simple. “Hell No”. How we are suppose to have an office? We operate at Casinos not at Forex office.
\nI don’t need certificate or office. Xaga has 1 ultimate weapon only. My proven method that none has ever copied me. The One and Only. The most original investment program concept in this industry.
\nIf you don’t trust XagaEnterprise<\/a>, that’s fine. If you feel you need an office requirement and bla bla.., there are many HYIPs out there that are ready to fool you. Luring your hard money.
\nIf you trust XagaEnterprise<\/a>, I will welcome you to our family. Investing with Xaga is like breathing the air of New Zealand. So fresh, risk fee, and nothing to worry about.
\nI will take XagaEnterprise<\/a> to become a Giant. I started Xaga from nothing. Got so many problems. DDOS attacks, Spammers, Blackmailers, STP problems and maybe more. I manage to get through from all those problems. It has been 5 months now and Xaga still here to service you. This is just the beginning. No matter what happen, Xaga will stay alive!
\nThank you very much. Xaga Rules!
\nRegards, Kevin and Team<\/em>\u201d.<\/p>\n

Whatever your attitude to XagaEnterprise<\/a> one fact is for sure \u2013 it’s paying its investors for a long time and it overcame many obstacles along the way which seemed to make it even stronger than before. With the new site and the new investment plans of 1.2% daily forever, 0.5% for 15 business days and 0.7% for 90 business days with principal back XagEnterprise broadened the spectrum of its clientele and definitely is a program that should be in the well-balanced portfolio of every serious investor. For more information on XagaEnterprise<\/a> you can refer to my updated review of the program published here<\/a> or my interview with the admin Kevin here<\/a>.<\/p>\n

FortixCapital<\/a> (reviewed here<\/a>) also sent an update of sorts to its members although I didn’t find it very interesting to read as it didn’t really contain anything new. Anyway, here it is, just for your information:
\n\u201cFirst, Let me welcomed our new members who recently joined FortixCapital<\/a>. Thank you for being part of our family. We will ensure your the growth and success of your investment.
\nLet me give you a quick update in FortixCapital<\/a>, we already a 250+ Strong Members 80% are active investors. We thank you for all your support in our program.
\nFor all those members, that haven’t read the review of FortixCapital<\/a> by MNO, you can read it here<\/a>. We are still paying 1 – 24 hours after request, sometime within minute of your request.
\nWe are doing great with our trade, and you just sit back and enjoy your profit with us!
\nAgain! Thank you for being with us!
\nSincerely Yours, FortixCapital<\/a> Public Relation Officer<\/em>\u201d.<\/p>\n

There is one really interesting and unique program I joined yesterday which certainly doesn’t look like the other HYIPs at all and has its own unique script. I’m talking about Infinitum<\/a> \u2013 the program that just launched yesterday. They are accepting only LibertyReserve<\/a> and PerfectMoney<\/a> e-currencies and offering three investment plans: 104.2% after 3 business days, 110.5% after 7 business days and 133.6% after 21 business days. The method of depositing is kinda complicated and very unusual. Firxt, you’ll have to create your value account in Infinitum<\/a> and please note that there is one account for each deposit. So you choose the e-currency, the plan code, put your full name, amount (there is $5 minimum to invest in each plan) and specify your email address. After the successful completion of your deposit you will get your batch number and PIN-code for the particular deposit made by you. You should remember those numbers as you will have to use them afterwards to check the status of your investment in Infinitum<\/a> program. By clicking \u201cCheck Status\u201d tab and entering your info you will be able to see all your deposit info and payout schedule. There is nothing you will have to do else as your profit will be sent directly to your LibertyReserve<\/a> or PerfectMoney<\/a> accounts on expiry of your investments. If you’re not impressed with the unique script (which always speaks volumes for me) you should pay attention to the 256bit SSL certificate installed, DDoS-protected dedicated server from Dragonara and three mirrors of the Infinitum<\/a> website registered which will ensure the stable work of the website even during an unlikely DDoS-attack. Infinitum<\/a> claims to be a company with an office address in Brussels but I would suggest you take that with a pinch of salt as well as the info about their investment activities. However the site of Infinitum<\/a> is really unique and if we consider that they started to advertise their site properly only yesterday we can see that the program has enormous potential to grow. I’m into the 21 business day plan by the way. A more detailed review of Infinitum<\/a> is coming on my blog soon so stay tuned for that.<\/p>\n

By the way, there is another review scheduled to be published on my blog in several hours so please check it back tonight. See you soon, guys!<\/p>\n","protected":false},"excerpt":{"rendered":"

THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST! Hi all! If you have been following my blog on and off over the last couple of weeks, or indeed just had a quick look at my monitoring page, you may have noticed that the number of new programs I’ve joined is on the increase. So much […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,6],"tags":[],"_links":{"self":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/1881"}],"collection":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/comments?post=1881"}],"version-history":[{"count":0,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/1881\/revisions"}],"wp:attachment":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/media?parent=1881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/categories?post=1881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/tags?post=1881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}