Hello once again,and sorry for these slow updates, but these days have been a madness for me, with up to 18h of study each day.

Let's start with bad news....it seems the current market conditions are still a big mess.

HighYieldClub- moved it to not paying status. It seems the admin decided to take a nice vacations with our money.
Totally unexpected, given it was starting to get popular.


ForexNetClub- another that seems to going to bite the dust soon. There are multiple complains on forums, and honestly it was expected due to lack of growth in last couple months.
My opinion: I think admin tried to recover the growth with advertising (including in my blog), but I think he should have instead improved his site, like adding KYC processors like STP and AP, lowering the minimum from the 50$ to something more affordable for current market conditions.
I told admin these two things, but it seems he chosen to not follow my advices. Maybe things could be different....and I believe these 2 things could have more impact than a advertising campaign, and would be cheaper too.


Good news

AMF1989-I already saw the videos made by the admin, and I am glad to say that the videos are not those with crap quality where you can barely see anything worth (like those from Xaga), and there is one with the admin showing up himself.
I can't show you the videos, so don't ask me, but I am sure once Ritish finishes the final video he will release.
This is a good sign of legitimacy of AMF business, and it's good to see the admin trying to show us what they do.

Of course real businesses can also face problems, so the best is always to treat it like a game.


Side news

Enabled the monitoring service again, but it is well separated from my personal investments to avoid confusion.
Probably it will barely be used, given the current crisis and also because I will continue to decline hyips with bad backtrack.

The first program added on it was Cash-Miner, one of those similar to Saza last year (never expiring plans), but this one has the possibility to have the principal back, something that could bite its longevity in future (but never-expiring plans also the same lol).


There is no doubt that current hyips market is in very bad health. I still think this low season was even worst than the normal because of the fall of biggest programs at same time: GNI, Nano, Infinitiva, PanaMoney, Genius and others all died closely to each other.
Mainly Genius, because it was hyped like if it was the best thing ever (and was indeed a very good hyip), and many people placed lots of money on it, most of them money they couldn't afford to lose, and were only relying on it.

Many people lost all of their online funds and left this industry, meaning there is less "online money" to spend on hyips, that limits the longevity of them.

Compare this low season to the same period of 2009...sure we also had big collapses last year like Stoic, Woip and others, but also had many good programs around that were stable to invest without worries (GNI, Genius,...). This time we don't have such hyips.

Also, another thing I have been noticing in last months is that people seemed to be "starving" for a good hyip (aka next Genius), and this led to bigger massive launches of programs that were considered better than average, like Alpha-Money.
Everyone was joining right on beginning and then there is almost no one joining a month after the launch.

And programs with short plans (like giving principal back after 30days) were suffering form hit and running strategies, because right now everyone is trying to make a quick buck and then jump to another program.

It seems things are calming down a bit, but all these behaviors from hyips' players are still there.
Let's see if things get better soon.




PMAForex mini-Review

So, I decided to not review a second hyip this week, and instead added a real investment in my list: PMAForex, the program I told that was offering PAMM accounts in FXOpen.
I didn't added it sooner because I am a bit reluctant about current FXOpen situation, as it lost its license (lol). But it seems they are trying to solve it.
I have been researching over and over again and my personal opinion is that FXOpen is not the best broker out there (just like other market-makers brokers), but it is also far from being the worse.

And honestly the conclusion I made is that there are complains in every broker, even on the biggest, meaning that most of complains are just because traders:
a) doesn't have nothing more to do than complaining;
b) do bad trades and then blame the broker.

Given the current hyip conditions, I think it was time to add it to my list. I still don't have investment on it, but should drop some money on it soon, and review it in one of the following weeks.

Quick guide to join it:
1)open a standard FXopen account
2) verify your FXopen account. After uploading the necessary docs, drop an email at finance@fxopen.com telling to verify your account. This email will speed up your verification process (mine took 1hour).
3) set the leverage to 1:500
4) send an email with your account number to support@pmaforex.com
5) after receiving your PMA passoword, go to: http://www.fxopen.com/Pamm/Account.aspx?Id=0bc0b03f-6bd5-482b-a4c7-f5659c31056f and join.
6) after joining confirm with support@pmaforex.com

Remember, the minimum is 100$, and the profits should be between 5-10% monthly.
It seems they have changed their strategy a bit (or are over-trading), or maybe it's due to current Euro crash (meaning there is also a Gold rush), because May profits were bigger, and this month is also returning a good profit.

Important notes about FXopen:
-if you use LR to fund your account, make sure you change you LR name to the same name you used in FXopen's account. I advise to create a separate LR account for this, and only for this, to not spread personal information.
Usually this problem doesn't happen with AP accounts, because most people use verified AP accounts, meaning you already have your name on it, that should match FXopen's account.

-do NOT mix different e-currencies in the same account. FXopen policies about this are not the "best", and usually will generate confusion. I read somewhere in the forum you will be only allowed to withdraw the same amount you deposited to each e-currency.
And I also read that if one of e-currencies used is more than 50% of total capital, then you can withdraw everything to that e-currency.
Also read that if you use various e-currencies, you will be only allowed to withdraw to your last e-currency used.

....Basically this is a big mess.
I think the last rules are:

if deposit was made using several payment methods then withdrawal to each
system is possible in the amount of deposit and
profit can be
withdrawn by payment method that was used for biggest deposit to
trading account.

My advice: if you want to use another e-currency then make sure to "clean" you account, withdrawing everything.


-I read on forum that FXopen is not liable to what happens to e-currencies. So if LR or PM goes lost their value, FXopen won't allow you to withdraw to others e-currencies.
Here is an example about e-gold:

when you opened your account and funded it with an e-currency you where agreeing to FXOpen's TOS which clearly states that withdrawals can only be paid via the original deposit method. Why? The reason is because FXOpen hold's funds in these e-currencies to cover the eventual withdrawals, so while you are waiting to access your 7k, imagine how much capital is locked up in FXOpen's main e-gold account(s)?

Should FXOpen be liable because e-gold was seized and subsequently shut down by the US government? The situation is a difficult one I admit that, but there is nothing that FXOpen can do until e-gold either comes back online or it is forced to liquidate it's assets.

FXopen themselves says that amounts bigger than 1000$ should be done with bank wires, because of these e-currencies risks.