Programs I have Joined and Why

I am newbie to this business, only starting in late december 2005. I have learn a lot in this short time and thought I would share some of my experiences with those who are interested.


My Favorite Program is North Sea Forex Group (NSFG). This program is run by Paul Twyman and Ken Peippo. They claim it is backed by forex trading. They are certainly one of the most transparent programs I have come accross to date. The returns are very good too, Around 20% or so since they started in September. They take 25% commision for their efforts which I think is very fair. They have a private forum on gold-horizons.com, where they show comprehensive DD information (Passports photos, household bills etc). In February they started a managed Forex account service, Unfortunately the first month was didn't goto plan, I believe they were around 8% down for the month. I went to their private forum and to my suprise they state that they plan to refund losses to managed account holders from their personal funds. This is the first time I have ever heard of this before, undoubtidly a very commendable gesture, I hope it works out for everyone. I am going to watch the Managed accounts very closely and maybe in the future consider investing in one. The minimum is $25k. Compounding is automatic until you withdraw.



My next Favorite program at the moment is FX-Experts. A first glance it looks like another run of the mill ponzi, with daily payouts, but a more indepth glance reveals it is much more than that. I like this program because a popular member (Rabbit) of the hyipdiscussion forum did some excellent DD on the program. He obtained and verified the admins personal ID documents and gained access to the programs trading account and saw proof of their live trading. Another reason I like this program is the returns. They have averaged around 14% or so a month. Payouts are weekly, and you can choose the percentage of the returns you wish to compound.



I also joined MPDW, but if I am honest I wish I hadn't now. I origonally joined because they seemed fairly open, and the returns were good. Many investors encouraged them to get audited by a third party, but they refused. Many investors claim they were promised proof of how the returns were generated, but none of this information was recieved. At this point I considered leaving the program, but I decided to stay, as it was paying as promised and was still a lot more transparent than most hyips out there. To my disapointment last week, they made some big changes. The big one being that your principle investment is to be locked in for 26 weeks. Previously you could withdraw your principle at any time. I see this as dishonest, and wonder why a real program would feel the need to do this. Could it be a Ponzi? Possible. If there are traders, perhaps they need to keep the account sizes up. We don't know, but it certainly leaves a very bad taste in my mouth, and I am sure most MPDW investors feel the same way. Returns go into a seperate balance in your back office, "Returns balance". You can withdraw from this balance or compound.