How to distinguish profit making hyip from fast turn scam?

HYIP or high yield investment program does not involve in anything related to Wall Street investment, stocks, bonds and all other good things. If you think they are then you are totally wrong. Basically, hyip is where you need to deposit a certain amount of money for certain period of time in order to earn interest daily, weekly, or hourly according to the offered plans that you choose. Usually, the admin or owner of this program promise that you will get some percentage of interests or returns which is far better than what the bank has to offer, thus it gives you a good opportunity to make money online fast and easy.

You also can make money online even more when you compound your initial deposit together with your earned interest. While it sounds so good when these programs promise to give you huge returns within short period of time and without doing anything, however, once your money goes into these programs, only the lucky ones would have gained the profit and make money online while the majority of people got their money burned.

It is important to be 95% of the lucky ones who do make money online with hyip, so avoid yourself from fall victim with scam programs. Here are 8 ways on how you can distinguish between honest, reliable programs and scam programs.

1. The first thing you should do is to research and conduct due diligence about the program and by practicing this will help you in long term. If the admin or the owner of a program claims that the program is backed up by real offline investments or they are incorporated businesses involve in forex, stocks, bonds, commodities, and so forth then you should ask them to provide you with some records.

You can search for a whois lookup information on the domain name to see if the website has been running as they say, email and ask them questions in order to see if they are replying, check the stated address whether it is existed or not, and if possible call them and see whether the phone number is valid or not. Why it is important to check all these details. Well psychologically, scam program admins or owners are always in hurry, want your money fast and leave as soon as possible. On the other hand, honest and reliable program admins or owners are not going to lie and take the time to reply to your emails frankly. So, do your research and you may minimize your risk from being scammed.

2. The second thing you should so is to look for the quality of website which is another vital aspect to consider. If the program runs by an honest as well as reliable admin or owner, he would spend some good money for his website in order to look professional, serious and nice. He also will spend money on SSL certificate particularly from an established company and also purchase a dedicated server for the safety of the website and thus to assure the safety of your money.

3. You can also determine whether the program is an honest or a scam one by looking at the plans that its offer. If a program offers more than 10% a day then it is absolutely a hyip regardless of what the admin or owner claims of making some kind of real investments. Offering plans that are more than 10% a day is unrealistic and even professional traders can not gain that much of returns every day consistently.

The program which offers high rate of return is a mere pyramid scheme where they make payable to you until all the funds finish or they pay you with the money they receive from new people who join the program after you. You can consider the lower rate of return offered plans program to be lasted longer and is able to make pay outs longer than the other programs such as 1% - 5% daily plans.

You also should pay attention to the referral commissions as well. If the program offers high and multi tier referral commissions then this program is probably not a reliable one as the admin or owner of the program only wants to ‘motivate’ you to refer as many new people and as fast as possible to his program.

4. Another thing that you should aware of is to look at the minimum initial deposit requirement to join the program. A fast turn scam program allows you to deposit into the program for as low as 1 dollar even tough it cost him even more just to maintain the website, while the potential and promising program may has a minimum initial deposit requirement of 50 dollar or even more.

5. You also can read thorough the contents of the website and if it does sound similar like the other programs or scripted then it is a scam program. It is better for you to look for website that has unique and informative contents.

6. Next, you can check whether the program is a scam or not on hyip rating and monitors. Generally, you can simply see the status of the program as indicated by the ratings or monitors such as ‘paying’ or ‘not paying’. However, that’s all is not enough. You need to see deeper by reading what the people have voted and commented about the program.

One more important thing is that you should not count any ratings or monitors that have alliance with scammers or supporting them. Choose ratings or monitors that have good reputation and long standing ones.

7. A scam program will promote his program by spamming the people’s inbox. Probably the admin or owner of the program purchases the email lists from other admins or owners. So, if you receive spam mails that promote any program you should stay away from them.

8. Finally, you can always hang out on a variety of hyip related public forums, message boards and read updates or news on portals or blogs to get as much information as you can about any scam programs so that you can easily stay away from them.