Well-coin.com Review Is Well Coin a Scam or Should I Invest

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Contents

Trade Well Review – Trustworthy Crypto Broker?

Trade Well is an emerging Crypto CFD broker. They offer more than 100+ pairs and provide upto 1:40 leverage. Their platform is web based and it’s unique functionality brings a new touch of practicality to trading.

However, there are few things you should know before joining them. Read our detailed review to know everything about this broker and make an informed decision.

Disclosure: We get commissions for purchases made through links in this post.

License and Custom Support

It is always best for you to trade with licensed brokers. So, that you are always under the protection of the local regulatory body. However, we are not stating that all the unregulated brokers are outright frauds.

Considering the risks, it is better to avoid them. The parent company of this broker is Invest Support LTD. Below are the details regarding their registration.

Registration Number – 205538955

Address – 5, 1B Dimcho Debelyanov street, Metropolitan Municipality Izgrev Region, 1113 Sofia City, Bulgaria

Traders can contact the support team via telephone, telegram app or email. However, as there are no testimonials as of now, we do not have any feedback regarding them.

Account Types and Leverage

This broker offer 5 types of accounts. The distinguishing factors are starting capital, trading terms, account manager and educational content.

As a rule of thumb, you will get more professional services, if you start out with more up-front capital. Trading bonus is available across all the account types.

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However, make sure that you have completely understood with the terms and conditions first. We strongly recommend our readers never to accept bonus because most of the time it acts like a double edged sword. The amount of leverage ranges from 1:10 to 1:40. This might sound low, but in the world of cryptos it is enough.

Remember cryptocurrencies have a lot of volatility. So it is important for you to adhere to strict risk management. Otherwise, the consequences will be severe. Moreover, most of the brokers do not offer 1:40 leverage so it is not a deal breaker.

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Educational Material

All of the clients of this broker can access an educational outlet. There are both in the format of video tutorials and books. This kind of gesture shows their commitment and integrity. Although, the quality of the material available is a subject to one’s opinion.

If you are a complete beginner, then you will benefit a lot from it. Remember to backtest every strategy before you decide to use them on a live account. Though, past results does not guarantee future actions, it is good to know the statistics.

Charting Tools and Platform

The platform offered by this broker is web based. It runs on most of the modern devices which has an active internet connection. However, if you are used to algorithm trading, then you might be disappointed. As an alternative, they offer account management, but the exact performance records are something you should keep an eye on.

There will always be execution delays in any type of copy trading. So, be prepared for that in advance or avoid trading during those times. As far as charting is concerned, there is nothing to worry about.

TradingView charts offer some of the best tools which will be more than enough for most traders. Moreover, with tradingview you can set for price charts as well so that you don’t have to stay glued to the screen. This feature will be helpful especially for swing traders.

Domain Insight

Tradewell.io domain was registered on 15/05/2020. The registrant details are completely masked for privacy reasons. However, you can always contact the support team if you have any concerns. Since this website is relatively new, they do not have high ranking on similar web and alexa.com yet. So, we cannot trace at their main traffic sources.

Deposit and Withdrawals

Trade Well offers accounts in 4 base currencies which are AUD, USD, EUR and GBP. The minimum deposit amount is $250 or equivalent. Deposit and withdrawals can be done through wire transfer, credit cards and Bitcoin.

They state that the withdrawals are usually processed in 2 days, but sometimes can take as long as 5 business days. Unfortunately, the minimum withdrawal amount is not specified.

Trade Well Review conclusion

Trade Well is a decent broker who brings a lot to the table while their leverage might seem capped for smaller accounts, it really comes down to the strategy you employ. If you are planning to trade with this broker, then start with the minimum deposit and then scale it up if it’s necessary. The sole reason why we are recommending this is because of the lack of feedback. It’s always better to be safe than sorry.

We invite you forward to share your experience with us in the comments section.

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Tradewell is a SCAM
Managed by ruthless grubs.

Once you register for a Tradewell account you are entered at the one of the following levels:

BASIC, SILVER, GOLD, VIP or BLACK DIAMOND. The choice of level is based on the amount of money you supply (invest). Depending on your level, Tradewell will add a “bonus” to your investment and a “Leverage option” would could be up to 1:40 for the VIP and Black diamond levels.
At no time is this bonus considered money. If you joined as a VIP with , say $100,000.00 Tradewell adds a “bonus” of 150%. Your standing is now investment +150%. Can you withdraw that amount out? No. these “bonuses” are there to “plump” your trades. The trader makes a percentage on each trade you make. The more that is invested in the trade, the more potential profit.
The idea is to have you trading and losing. Lets say you have now completed a few trades, and as luck would have it, your standing is now down to $100,000.00. Oh dear, you are not a good trader. It seems you have lost all that bonus. You might say, OK, I want my money back now, you will be disappointed. The only way you can get your original money back it to keep trading until you get your standing up to your original investment PLUS the bonus amount before you can draw down your original 100K.

Lets start at Basic level.
You will be reminded that you really cannot do anything with this amount. You may win a dollar or two at a time but it is not really worthwhile.
If you were a member of a higher division, say, Silver , you could trade with a much higher leverage and a much higher bonus. Someone like David Sheppard, (not to be confused with a Mr David Shepherd who is a real person and recognized and full time forex trader now living in Australia. The similarity and trading history of the two Davids is amazing). Obviously nothing more than an coincidence.
David (who looks after the VIP and Diamond Divisions) will show you very quickly on the platform how he can make amazing profits in a few short trades. Magic. He advises that if you were in his division, you could be making trades like this every single day. At this stage you are completely stunned by how this man just made about $20,000.00 in 20 minutes. Incredible.
(You don’t know this at the time but you will never succeed on that particular trading platform. The account managers and traders use a platform with more decimal points on display. They can see movements in the market that you cannot see because you do not have an extra pair of decimal points to view more subtle movement. You see the result on your platform as pure magic.)
But as you are a member of a lower division, this kind of activity is not applicable to you.
OK, now Tradewell advised you that you would receive education on how to become a knowledgeable trader. You will be introduced to another team member, lets call him “Zac”. Zac will tell you what candlesticks mean and point you to some more reading on other web pages. I’m sure you are starting to feel very good about all of the education you are receiving.
David has shown you how quickly profits can be made, but to work with him exclusively, you will need to be in his Division (Diamond). Don’t worry, I’m sure that you will get there soon enough and you can easily achieve your goals.
Yes, one of the sessions are related to goal setting. What are your goals, what is important to you, how serious are you about achieving your goals? Well, with us at Tradewell we will walk with you and achieve all of your short term and long-term goals.
You will be given another “Account manager” to deal with. Let’s call him “Oliver”.
Oliver will then advise you how well a particular crypto currency is going and that, based on a great deal of market knowledge and research, (Zac has already spoken to you about market indicators so this information is reinforcement0 , will make a very quick profit and you need to get onto it right now.
Let’s say that you now use $18,000 of your “standing’ to purchase a crypto. After a couple of hours, that crypto is not performing as well as you thought and was actually going downhill. Don’t worry, we have a plan for this. All you need to do is to buy a Securitization Policy and you will be covered. It is refundable of course. So now you are buying a Securitization policy for the same amount you have invested. After the collapse of your trade, Oliver will say, See? You have not lost anything you are now back where you started from. Your standing is the same, yes, but you have just lost $18,000.00 and recovered by replacement.
You are in a bit of shock now. Don’t worry, advises Oliver, we will get that back very quickly.
You are then introduced to another “Account manager”. Let’s call him “Martin”. Martin will advise you that today, there is a great deal of movement in the market and we can capitalize quickly. He will rush through with you and quickly outlay at least half of your remaining standing. Then he will say things like. Oh, there is a lag here somewhere, I’m not getting the figures in time. Is your internet slow today? Oh dear, there seems to be a problem here. We should close out of those 6 or so trades. Each one is a loss. Martin smoothly advises not to worry at all. All of those red figures don’t mean much at all. Someone will fix that up quickly.
Now you are in greater shock and have lost a great deal. If you walk out now, you have lost everything you have “invested”.
Don’t worry, David from the Diamond division will come to your aid.
He will advise that he has had very stern words with Martin and that Martin is not allowed to do anything on your account at all.
He will introduce you to another trader, lets call him “Ashwin”. Ashwin advises that he is one of the best traders there is and is widely known and admired for his expertise in the longer-term trade. His trades will take longer, but they are pretty much guaranteed to make a profit each time. He will show you an earlier record of another trade where there have been 4 trades, each made with 20,000 USD and each of those trades made a 100% profit. Now, for you to be looked after by me and have access to my trading proficiency, it will only cost you an extra $25,000.00. it’s a sure thing, right?
OK, Ashwin advises you which trades to place. A couple of hours later, you will see that these trades are not doing as well as expected are they. Don’t worry, we will protect them using another fully refundable “Securitization Policy”. Please pay up now, you need to have a USD 25,000 policy in place before the end of the trade.
OK, so you have now lost a small or perhaps large fortune.
It is about now you are on your knees and have to get out.
Because you have lost so much you cannot walk away with anything that you have left in your standing because that is not yours. That “Standing” is made up of “bonuses” supplied by the company. You will need to restore those “bonuses” if you want to take any real money out.
You have to trade because you have no choice now. You have to build up the investment plus bonuses to a point where Tradewell will let you withdraw any funds. Don’t worry, in a few short trades we will get you back to a really good position then you can take out your investment. These trades will be longer term but are showing excellent profit margins.
Trades have now failed. Oh dear, looks like the market has not responded the way we thought. It happens. That’s the market for you. You will need to deposit more funds if you want us to continue helping achieve your goals.

That’s it… all gone… Sick to your soul and you know you have been plaid by experts.
These are extremely ruthless operators and extremely good at what they do.
Further Considerations:
When you are connected to one of Tradewell’s account managers, they can access all of your computer files and folders. The program they use, currently Zoom meetings has an inbuild ability called “file transfer”. During an education session, your entire computer can be downloaded onto their system. If you have a folder with scanned ID documentation, licenses, passports, bank statement and the like, you can be assured that this information is now shared.
It is only afterward that I learned about locking all of my drives.
Too late now, but I found reviews at various sites. I wish I had seen them earlier.
Here is an example from John H which I wish I had read John H review much earlier:
“Tradewell is a criminal syndicate. They are very smooth confidence tricksters (all South African) who are expert at putting maximum pressure on you to ‘invest’ an ever increasing amount of funds into their amateurish and poorly administered website. It is a ponzi scheme and their trading platform is a completely bogus, in house Trojan horse. They suck you in with a rapid return on your initial $250 USD investment but this is just a hook to lure the unsuspecting investor into their sham trading scheme. Once you part with any further cash, you will never see another cent of it ever again.
AVOID THESE SILVER TONGUED LOW LIFES”
You are correct John H.

Well-coin.com Review: Is Well Coin a Scam or Should I Invest?

WellCoin Today life cannot be imagined without a variety of electronic money. Every day there are new types of digital currency that people around the world use as a convenient way to pay, even without leaving your home. Electronic money has turned the world and cryptocurrency was support. It is our top priority in business. Meet the modern high-tech enterprise from the United States of America – WellCoin! Since 2020, we are professionally involved in the development of cryptocurrency market and mining of Bitcoins and digital currency derivatives to provide the best investment services for all.

Sweatcoin Review: Is Sweatcoin Legit or a Scam? How Much Did I Make?

Money Done Right does not run display ads or accept sponsorships to promote particular products or services. However, we may receive a commission if you purchase or sign up through links on this page. Here’s more information about how we make money.

I’ll admit that I was skeptical that I could actually make money walking with the Sweatcoin app.Surely it must be a scam, right?

Something that pays you to do something as simple as walking can’t be legit, can it?

Table of Contents

Is Sweatcoin a Scam?

Well, good news: Sweatcoin is not a scam.

You will get paid to walk, but you should not have unreasonable expectations.

You will make some money, but it’s not like you will be making hundreds of dollars a day simply by walking.

How Much Have I Made With Sweatcoin?

How much you can make with Sweatcoin depends on how active you are.

Now, I don’t know how active you are. I don’t know if you’re a marathon runner or someone who barely gets off the couch.

So I can’t tell you how much you’ll make with Sweatcoin, but hopefully you’ll be able to figure that out after you see how I break down how much I’ve made with Sweatcoin.

In 3 Months, I Made About 600 Sweatcoins.

One of my resolutions this year was to walk at least 5,000 steps a day.

This is when I downloaded Sweatcoin to inspire me to reach this goal.

Since the beginning of the year, I’ve actually averaged about 7,500 steps a day.

So as of the time of writing at the end of March, I’ve made 602.66 Sweatcoins and averaging about 7,500 steps a day.

This Is Worth Either $30 or $8, Depending On When I Cash Out.

So how much are my 602.66 Sweatcoins worth?

Well, let’s do some quick math.

There are two ways to convert Sweatcoin into PayPal cash, and each of these ways yields a different value for Sweatcoin.

If I Cash Out Early, Then I’ve Made $8.

So if I wanted to cash my Sweatcoins out relatively quickly, I wait until I have 3,650 sweatcoins saved up, when I could exchange them for $50 cash via PayPal.

If you divide $50 by 3,650 Sweatcoins, this means that each Sweatcoin is worth about $0.0137 each.

If I multiply my 602.66 Sweatcoins by $0.0137, I get $8.26.

So if I’m planing on cashing out my Sweatcoins in the next year, you could say that I made $8.26 from Sweatcoin in a few months.

If I Wait to Cash Out, Then I’ve Made $30.

Have you ever heard the expression, “Good things come to those who wait”?

Well, it’s certainly true when it comes to Sweatcoins, because you can over triple the value of your Sweatcoins if you are willing to wait to cash out.

See, in addition to the 3,650 Sweatcoins for $50 option, there is also the option to exchange 20,000 Sweatcoins for $1,000.

If you divide $1,000 by 20,000 Sweatcoins, this means that each Sweatcoin is worth about $0.05 each.

If I multiply my 602.66 Sweatcoins by $0.05, I get $30.13.

So if I’m planing on waiting a few years to cash out my Sweatcoins — or just become a lot more active than I am today — you could say that I made $30.13 from Sweatcoin in a few months.

So Is Sweatcoin Worth It?

Yes, for me, Sweatcoin is certainly worth it.

I am getting paid to do something — walking — that I would do anyway.

You Really Do Make Money for Walking.

Believe it or not, you do get paid for walking with Sweatcoin.

In my opinion, this makes the Sweatcoin app definitely worth it!

You Also Become Healthier!

I know that Sweatcoin has helped me become healthier.

See, I’m really into personal finance. Money’s kind of my thing. I like making money, I like saving money, and I like investing money for passive income.

And my financial goals sometimes get in the way of my health goals. Lots of the time I would rather spend my time working on this blog or on other ways of making money than on my health by exercising.

But Sweatcoin has helped to inspire me to exercise more because I know that when I’m out walking or running, I am also in some small way making more money.

Logan is a practicing CPA, Certified Student Loan Professional, and founder of Money Done Right, which he launched in July 2020. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

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50 Comments

If you walk 7500 steps per day, can’t you find at least 1 nickel during your walk? Turn the app off and start picking up the lost coins. Bending over one time per day is probably good for you, too, and no one will track you. You can spend your nickel on anything you want – today or in one year. You don’t have to go through paypal with your nickel and no one keeps a commission on your nickel. Your smart phone already tracks your steps if you’re curious. Just use one of the free apps to view your steps.

So you do or don’t get $1000 when you reach 20,000 steps?? Asking for a friend

It’s 20,000 Sweatcoins. One Sweatcoin is 1000 steps, so you’ll get paid $1000 for walking 20 million steps.

How cool they adquire your name and phone and sell you info to 3rd party specially the way you interact. Think about it… you owe to the bank or irs some money… with the phone number they buy the ingo and know where you are ��

The app sucks you can only buy certain things I have over 3,000 dollars in Sweatcoins and that’s not counting the money they have taken away most of the items ask for card info to charge you and some of the other items you would have to add people just to receive it to me it’s a scam

There’s a new thing out. It’s called punctuation. Try it some time. Oh, and it’s not a scam.

This app wastes my phone battery more than it’s worth for a few cents a day to walk.

How many steps equals a sweat coin?

Hi Esther. To earn one Sweatcoin you must take 1,000 steps.

Just signed up through your link, and to email newsletter.. shaun

They try to get you to buy stuff in their marketplace but it’s just really you trial testing somethong and paying with sweat coins when you could have had a free trial, they even charge you for shipping and fees so unless you do 20000 sweat coins and are a member for 24 months you get nothing if you think u can get the 1000 dollars via PayPal. Basic members are capped a earning just 5 sweat coins a day

Because you people DO NOT KNOW HOW TO USE THE APP THATS WHY SERIOUSLY MY DAUGHTER ALREADY CASHED OUT 100.00 yes 100.00 CASH at times you can get money ect like PAYPAL PAY ATTENTION PEOPLE RESEAECH THE WHOLE APP EVERY DETAIL I MEAN EVERY TINY LITTLE DETAIL jeeze put it on 1.000 and you can cash out at 1,000 but it depends what subscriber you are . Quit complaining Free stuff and Money seriously

how did she cash it out

The woman who referred me cashed out $100 too

How do you cash out

HOW DO I CASH OUT? PLEASE HELP ME.

From my understanding there is no way to cash out using the Sweatcoin app. I’ve had it for a couple of months now and have about 200 Sweatcoins, but they don’t have a way to convert to actual money yet. According to the creators that is actually their long time goal, but it is not yet possible. They only have online offers you can exchange your Sweatcoins for.

This is how I see it. Everyone is complaining about how it’s a waste of time, and how it drains your battery but listen to the reality. I downloaded sweatcoin back in February I believe, because a girl I know was telling me about it. I’ve made about 500 sweatcoins and it’s July. So about 4 months. Your phone is always on you or your watch. You don’t have to think about it just use it. It’s free money and it’s accumulating your outdoor steps even when you don’t know it. When you’re walking your dog or when you’re just taking the trash out , all these outdoor steps are being added into your money. If you don’t have a newer phone then put on battery power mode and it will help with the battery from draining. And if you have a smart watch you don’t have to worry about your battery because it’s active on your watch and not your phone. And one last idea if you’re worried about the battery dying so much or it not calculating all your steps, just download a step tracker so that it’s calculating all your outdoor steps and sending it over to sweatcoin. I have an iPhone 8 and have the series 3 watch so when I turned my phone on I already had an activity tracker so i’m not sure if it’s different. I don’t mean any harm just trying to spread a little help. Wish everyone the best

Hey help me out here ? I recently downloaded the app and tried it today.. I did a long walk and did open the ap before i started my journey.. I tried tracking my steps while walking and it was working.. However when i close my phone the app stops counting the steps .. Do we have to like on the phone throughout ?? Please tell me how does it works ?

I did 16.485 steps in a day and I did 9.04 Sweatcoins, if you divide 16.485 over 9.04 that give you 1823.45, that means that 1823.45 is the worth of every single Sweatcoin, that’s the way it is, greetings from Virginia/USA.

I know it only records outdoors, but why would it vary from morning to night? I go out with my doggy in the morning (daylight) and earn about 2,000 steps. We go out at night when it is cooler and traversing the same route I only get about 800. Does being in the dark or moving a bit slower matter?

The real question is what are they doing with all of the data they are collecting from each person that they are “paying to walk”. You are giving them access to you gps all the time. Who are they then selling that info too. So they can pay you .001 for every mile. I’ll keep my privacy and peace of mind then getting paid $8-30.

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