The HYIP Funds-O-Matic has turned scam,please do not invest
Hello and Good Morning friends.Back to our blog,writing the post for today,before leaving for University.Thankfully for the third day on a row,i do not have any new dismal news,to share with you.I guess,all the friends,who have been in and around the HYIP industry,for the past two months must have been already aware,of the recent crisis that the HYIP market,is going through.As a blogger,personally,i was getting really frustrated at declaring,almost everyday,the collapses of some new program,leaving aside the financial losses.
Thus,considering the present dismal status of the HYIP industry,its really satisfying for us,not having to demote any new program,for the third consecutive day.
In the few days,we have joined quite a few programs.To our previous portfolio of long term programs that consisted of Cherryshares,Trilateral Income,Bookmaker Office,FXMONGER,Edward Brown Investments,Royal Investment Fund,Oil Structure,we have invested in a few more,namely,most of them are already well established Programs.The recent inclusions are Fund-O-Matic,EzProfit and lastly Premier-Profit[Monitor Link].
As planned previously,we would attempt to present the review of each of these programs.
First we would like to present the review of Fund-O-Matic.First let us see,why we joined this Program.The first and foremost reason being the Administrator of Fund-O-Matic was also the Administrator of an erstwhile very popular Program,by the name of Surf-O-Matic.For the friends,who are fresh to this industry,Surf-O-Matic was a Autosurf,that lasted for over a year,and actually ended by paying all it’s members it’s due profits.My personal opinion is ,HYIP industry at present needs some long term programs,run by efficient Admin,that can replace the big three[Genius Funds,NanoMoneyCorp and Investment Forge.Although,this reputable history of the administrator does not remove the inherited risk associated with High Yield Investment Programs,but quite obviously,as many HYIP investors in the popular Forums,we would also like to see a professional approach,by the Admin. of Fund-O-Matic.
Let us now,look into the plans that are on offer.There are both Daily and Weekly plans on offer.The daily plans offered by Fund-O-Matic runs for a total duration of 200 calendar days.The daily return varies,according to the principal deposited.The Minimum deposit for the daily plans,as well as the weekly plan is $5.Thus the plans have been kept approachable to all HYIP players.
A deposit,between $5 to $150 offers a daily return of 0.80% daily,thus the total return at the end of the duration,that is 200 Calendar days is 125%.You regain your Principal in 125 days.Thus as you can see,the plans are typical low ROI[somewhat more sustainable] with a very long duration of lock-in period[That is,your deposit remains locked in for 200 calendar days
For deposits ranging from $151 to %500,the daily interest is 1% of the Principal.Thus,if anyone going for this plan,would break even after 100 days,with the total return being 150%.
For professional HYIP investors,and friends who want to try with some bigger amounts,there are three more sub-plans,with higher daily returns and also higher risk.For investments between $501 to $1000 and $1001 to $5000 the daily returns are 1.50% and 1.70% respectively.
There is also another daily plan,and the most risky plan,that is open for deposits varying from $5001 to $15,001 offering a daily return of 1.80%.
Coming to the weekly plans,there is again five weekly sub-plans offered by Fund-O-Matic.All the weekly plans run for 26 weeks,and cashouts are processed weekly.As the daily plans,in the weekly plans also,the weekly return varies according to the Principal deposited.
The plans:
Plan----- Spent Amount --- Weekly Profit (%)
Plan 6 ---- $5 - $150---------------- 7.00
Plan 7 ----$151 - $500------------- 8.40
Plan 8 ----$501 - $1,000---------- 11.20
Plan 9 --- $1,001 - $5,000-------- 12.60
Plan 10 --$5,001 - $15,000------- 14.00
Perhaps you already know the difference between the daily and the weekly paid plans.In the weekly plans,although the withdrawal requests are processed weekly,you break even,that is recover your investment in shorter period of time.
The payment processor,option at Fund-O-Matic is good,as it has included all the popular Payment processors that is Liberty Reserve,Perfect Money,Alert Pay,Strict Pay and Global Digital Pay.I guess,only Solid Trust Pay is missing.
The withdrawal requests are to be processed manually.
Coming to the site design and technical aspect Fund-O-Matic boasts a professional looking site.Hosted on dedicated server by CyberCobra,Ddos protection by FIVVA,the security measures are up to the standards that we expect from a long term program,accepting deposits up to $15,000.SSL Encryption by RapidSSL has been installed.
The contact with the Admin,can be established by online support forms,and also by the Yahoo Pingbox[Live Chat].
Two things,that i want to specifically stress,well Fund-O-Matic is definitely a promising Long term program,but keep in mind that there is a lock-in period of 200 days or 26 weeks,there are no refunds.So,please if you friends do not be overambitious,and invest only the amount you can afford.
For other HYIP updates,all the programs listed in our monitor are still i paying status.
I almost forgot,going by the recent recent trend of popularity of short term programs,we have also joined,another short term program,by the name of Buildin
ginvestments [Monitor Link]offering a set of high ROI plans[103% after 1 day 112% after 3 days 130% after 7 days 180% after 14 days 250% after 25 days].As usual the minimum deposit has been kept at $1,so as to attract the attention of general HYIP players.The payment processors accepted are Liberty Reserve and Perfect Money.
That is all for this post.Please do check the status of the programs in our monitor.During this two days,we had to personally inform two friends,not to invest in some non-paying programs,where they were about to invest.
Good Bye for now,see you at evening.
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