Beware of magic-trading

@iwrite (5034)
Singapore
September 12, 2009 9:53pm CST
Everyone who think about investing in this HYIP, magic-trading. think again. It has not paid me in 5 days, I hope you have not made the same mistake as me. Cheers. get rid of all scams.
13 responses
@Quiplet (255)
• United States
13 Sep 09
Hi. What is HYIP? I'm not too savvy about this.
@iwrite (5034)
• Singapore
14 Sep 09
well Quiplet it stand for high yield investment program, you just have to invest an amount, it could range between a dollar to few thousand and you would can a fixed return daily or over a short period of time. I hope I manage to clear your doubts.
@Quiplet (255)
• United States
14 Sep 09
Wow. Thanks. I never heard of this. I would very wary of investing in something like this online.
• Canada
13 Sep 09
Lol just got paid yesterday $2.30. I made over $10 there.. Hm, maybe they pay selective.
1 person likes this
@iwrite (5034)
• Singapore
13 Sep 09
Thanks is even worst, bluesinjid They are out to cheat people, as long as some people show proof, some people would be cheated. I have email the admin. I just hope to recover my money. That is all. people beware. do not invest more that you can afford.
@maroseqf (3657)
• Philippines
13 Sep 09
Thanks bluesinjid! That is good to hear.
@maroseqf (3657)
• Philippines
13 Sep 09
What!? I just invested in that site 2 days ago. Have you tried contacting the admin about your problem? I just hope that you will get paid soon. Goodluck!
1 person likes this
@aya215 (41)
• Philippines
14 Sep 09
I'm planning to join this site cause I was invited by my friend. But then now I'm confused if it's legit or not. Update us is magic-trading paid you already.:)
1 person likes this
• India
13 Sep 09
ya its true even the same thing happened with many mylot users and i am one of them they paid some of the members while others were left unpaid so its depend on views of individuals if you are paid by them then you say its good otherwise you feel its bad. never invest money in HYIP sites.
1 person likes this
@iwrite (5034)
• Singapore
14 Sep 09
Well kalrocking, My interest is to convert my LR and AP to PP. you know that not many people out there are able to do that and the hyip is able to do so. That is why I took the chance, plus I got paid the first time so you know what happens right the second time they just delay and perhaps not pay.
• Cebu, Philippines
14 Sep 09
I've been paid by that site. I started off with $1 twice and the $1.24 was sent to my paypal account. Now, I tried $5 and 2 days more I will request for a payout.
1 person likes this
@iwrite (5034)
• Singapore
14 Sep 09
Lucky you, I started once with $1 and I got 1.12 into my alertpay. This time round I decide to convert and then I met with problem. So I am not too sure how that happened?
@drannhh (15219)
• United States
13 Sep 09
Anyone who thinks about investing in ANY HYIP should think again. They are ALL scams. They just pay a few people up front to con them into saying they have been paid and then like any other ponzi scheme they defraud all the rest.
1 person likes this
@iwrite (5034)
• Singapore
13 Sep 09
Well drannhh, I am not sure if all are scams, at least this one seem to be now. I still see people posting proof of payment here are there. Just like to let people know my own experience. Cheers. stay cool and get rid of scam.
• India
13 Sep 09
ya they paying man. last week i also get 1.12$ in four days. But i don`t know about this week. Because online jobs and h-yip are change day to day and month to month. My only advice is beware of investing
1 person likes this
@iwrite (5034)
• Singapore
13 Sep 09
That is the problem, nachi49956. however it is not that I go in with my eyes close, if I lose the money, than be it, I am just here to warn the others of my experience. I hope it might just be a glitch so actually I am those that are not paid would be paid. Cheer.
• India
13 Sep 09
Hi iwrite, thanks for your information. I already registered with this site, but not invested so far. Then I came to know the info about the non-payment from you and some other people. Happy mylotting.
@iwrite (5034)
• Singapore
13 Sep 09
Hello josechukkiri, Not a problem at all, I just hope that people would not get cheated if this site actually turns scam. I wish you happy earning.
• Philippines
13 Sep 09
I don't know but how much did you invested in this site? I started at $1, and they pay me $1.12, now I invested another $2, and i am getting the 28% they promise as I get to see my status everyday. Now I will tell you if I get paid on my second investment after 4 days, and that will be 2 more days to go. I'm sorry if you had such a bad experience on them. I hope the Admin will be able to answer you back and sort the problem. I don't suggest people to invest big bucks, start on small amounts first, so that even if it turns sour, you don't regret it, just for the sake of trying out and testing the waters.
1 person likes this
@iwrite (5034)
• Singapore
13 Sep 09
Hello strawberrychocodahi, Well the first time I invested $1, and I did get my $1.12 into my account. So I invested another $5 into the account. However I have requested for the amount and after 6 days nothing have come into my account yet. I hope it is just a glitch. I took the case to the admin and I hope they would iron things out for me. At the end of the day, I just hope others do not get cheated. Cheers. happy earnings. let continue to share information with each other.
@victorywp (3524)
• United States
16 Sep 09
i received 8 payments from them before they stop paying me! overall, after deducted with my previous earnings, i still lost about $30 on capital not to mention the interest they should pay me! what i do now is to do chargeback at paypal resolution center. the money they received will be freezed until they solved the dispute with me. this will not surely get your money back but at least will cause some problem with their account! try it because magic trading is a scam!
@meapas (2436)
• India
13 Sep 09
Thanks for informing. As such I am scouting for some good HYIP sites. This piece of information will come very handy. Take care and best of luck.
@iwrite (5034)
• Singapore
13 Sep 09
you are most welcome meapas, We are all here to make some extra cash, I guess we should help each other in order to achieve all the good stuff. I hope we can continue to exchange good information around. and less of all these scams. cheers.
@satan88 (584)
• United States Minor Outlying Islands
13 Sep 09
hmm i've never heard about this site before but i'll definatley stay away from it now. thanks for the warning i tend to join sites without looking sometimes.
1 person likes this
@iwrite (5034)
• Singapore
13 Sep 09
Well satan88 I guess we cannot be too careful about all these can we. I just hope someone would wake up to understand they are never going get rich by doing all these scams stuffs. I wish you well in earning more money here.