Scammed by Tradewell? If so, MyChargeBack may be able to help you. Their expert team will know if there is a way to assist you. Fill out the form and get a free consultation today.
⚠️ NOTE : This review is referring to Tradewell.io BROKER, not to Tradewelltax company located in Fort Wayne.
Tradewell Review
🔴 Tradewell services are questionable – a warning sign!
🔴 Tradewell isn’t licensed – a red flag!
🔴 Tradewell isn’t transparent – a red flag!
🔴 Tradewell creates unrealistic expectations – a red flag!
What is Tradewell?
Tradewell is an unregulated broker platform similar to Longhorn-primemarkets, which we reviewed earlier. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection.
Tradewell Regulation
They are unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from them!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
Tradewell Complaints
Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their platform was problematic before they had already signed up. If they show any of these signs, either avoid them entirely or look very carefully before proceeding:
🔴 Not regulated
🔴 High fees and commissions
🔴 Not enough information on the website
🔴 Poor communication and refusal to answer questions
🔴 Pushy manner
🔴 Keeps mentioning rules and fees that were not outlined in the contract
🔴 Does not let you withdraw money from your account
Tradewell Products and Services
They are not safe, and we say so because it’s an unregulated broker. They always promise things they won’t deliver, and Tradewell makes no exception – they claim that customers can become rich quick, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Tradewell is a suspected scam you should avoid! Beware!
Tradewell Customer Support
Tradewell allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With Tradewell?
With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
Tradewell does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
Tradewell Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
🔴 Cease communication. They may be evasive or simply not communicate at all.
If Tradewell is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.
Tradewell Review: our Conclusion!
Tradewell is an unregulated platform to avoid. Their methods for investment are unreliable.
If you have been scammed, feel free to leave a comment or if you wish to arrange a free consultation with our professionals, do not hesitate to submit your complaint by clicking the button bellow.
ℹ️ Tradewell Details
-
🖥️ Website URL : www.tradewell.io
-
⚖️ Regulation : Offshore Broker
-
🧭 Headquarters : N/A
-
⚠️ Other : Unregulated Forex brokerage Tradewell has been added to the long warning list of the Financial Conduct Authority in the UK. The firm has been recognized as an unauthorized financial services provider.
🚨 Tradewell not paying? Share your experience and get help
📋 Fill out the form here and get a free consultation today.
They do everything refined, they are very generous with giving bonus money, which of course will never be your money, their truck is to let you win and then to lose well, the loss is usually done by a henchman who calls you and wants you to do a few trades, so you shouldn’t do that, because that henchman brings you into the zone of your bonus money, so your own money is lost, and then they ask you for a little more money and that’s how it goes but by. And they just keep talking to you with the stupidest false sentences.
They do not at all adhere to their agreements to do a trade with you, they ask for money they spend hours on, but to do a session they take only 20 minutes because they are busy, it is quite transparent, but what should I do, I only have bonus money and now they threaten me to cancel my account in the hope that I will trade and lose the money, because then they can cancel my account.
They have you completely in their power, I will explain it with an example.
A certain Harrison who presents himself as a risk manager who is going to help me get up again, shortly before that I was helped by a certain David and Leah, David raised my bonus money ($ 19900) that had dropped to $ 10000 back to $ 17,000
From there Leah was able to help me but had to top up $ 5,000 so that she could help trade for me, I had to take that risk and borrowed that money from my bank and she indeed brought me my account with the $ 5,000 that I had transferred to the $ 29,000. Leah became seriously ill following her colleague and ended up in the hospital, so I had nothing left for her, so another person who went to help me further, brought me back to $ 24500.
Then Harrison was assigned to me, he wanted money immediately after he had worked out his strategy to me, he could take me to more than $ 82,000 in 2.5 months, I transferred $ 2250 to a lot of haggling and I could transfer $ 3000 immediately to my debit card, which lasts 5 days, he deliberately brought me back to the bonus zone with an overnight trade that is not under control, because I cannot withdraw that money, I stood at around $ 14,000 again and that is money is not mine, now he managed to raise my account to $ 18700, you guessed it exactly in the area of the bonus money ($ 19900), he then asked $ 1100 more because with his system he could help me from $ 20,000 and that I of course refused and said; you should have helped me at least to $ 50,000 and that didn’t work for you, worse you lost $ 9000 from my account to very long haggling he told me he would close my account, then I broke the contact, that was yesterday.
All in all, I lose over $ 30,000 because let’s not forget the exchange rate that I also had to pay from Colon (CR) to USD each time.
I can make the story much longer, but it will save you, you will hear what happened in the last month of a total of 2.5 months
Absolute Scammers !!! Do not use them !!!
I logged into their website..
They have now called from over 100 telephone numbers ( which have all been blocked).
They simply will not leave you alone.
Hi Emiel, the same happened to me. What can we do now?
I’m new and I have 1 question.
This tradewell thing is working with AI right? If that is how it is working, why do you have people to tell you what amount of money you should deposit and all? Isn’t it supposed to be all your own decision to make?
Isn’t this whole thing supposed to work with AI trading? Why do they have managers for the deposit amounts??
Tradewell is a SCAM
Operated by ruthless grubs of humans.
Tradewell.exchange and other tradewell sites.
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.
This is exactly what happened to me, even some of the names are the same. I asked for some of MY money back but was always fobbed off with
some excuse, this went on for some time until I insisted or I wouldn’t do any more trades with them.That was over 4 weeks ago and I haven’t heard from them since although my account still shows £90,000 in it.
This is all mine as they never kept their promise of a bonus which is just
as well after reading the above. I’m not holding out for much hope here
but I should have looked into this before committing any of my savings
but who do you ask when your elderly and live alone. I feel a right fool
and ashamed at myself, as they say there’s “no fool like an old fool”.
I am trying to help someone who was a victim of this scam. Please can I ask anyone who dealt with Tradewell why they didn’t contact the company that held their account to ask to close it when they realised there was a problem.
Tradewell were acting as a broker and placing trades somewhere else. They didn’t hold the accounts as far as I am aware. I think they were acting as agent. In the case which I am aware of the principal was Netcore. Tradewell could have been placing money with lots of different entities or perhaps they always used the same one. I don’t know. Does anyone have any other names in this chain?
I’m very sorry for all the people who have lost money to them or having a hard time getting it back. I haven’t invested in them because they we’re so aggressive but now they are stalking me with lots of phonecalls. Does anyone know how to stop this behaviour? I’m trying several callerid apps but no luck so far. Getting a new phonenumber seems to be the only solution. Did anyone manage to stop them from calling you?
Kan dere hjelpe meg til og få tilbake mine penger er jeg glad?
Jeg,har betalt inn som innskudd. Først. Kr.2200,-. I april 2021. Og bgynte og tjene litt på Bicon.Men tapte nesten hele innskuddet på.Trade Well. Så i Juni kom jeg i kontakt med UpTradeMarket . Og bygynte og tjene penger.Slik at jeg nå har.6.987 Dollar på min konto.Jeg,har lommebok der. Men det merkelige er at for og få ut mine egne penger,måtte jeg i juli d.å. sette på nytt inn.Kr.3100,-.Men der kom INGEN PENGER UT TIL MIN BANKKONTO.Bare tap!!! Så i går ringte de igjen fra dette nr.3197010241442. Og da sa jeg ifrå om at jeg ville ikke betale mer inn. For jeg hadde alt betalt inn.Kr.5300,-. Til de.
De klarte likevel og få ut på mitt debitkort. Kr.3,146,-.Fra min konto. Så nå har jeg betalt inn.Kr,8446,-. Og enda ikke fått ut noen ting. VAR LOVET OG FÅ PENGENE MINE INNEN FREDAG.???!!!! SÅ FÅR JEG SE OM DETTE HENDER?!
Mvh
Kåre Nyhamn