Published on April 29th, 2020 | by Sara Kane0
Monelo Review: Should You Invest or Stay at Bay?
Monelo is an online investment platform that claims to provide a constant return on many investments. You could simply deposit money and expect a return. They claim that you could earn more than any other investment scheme because of their strategy which involves both cryptocurrency as well as forex trading to achieve results.
They claim to have an ability to detect market opportunities early on to increase the profits. Although it’s true that early adaptors reap more profits, this does not mean it is applicable to the crypto markets. Cryptocurrency and forex trading is very volatile, so it is unclear how this site plans on proving the investors with a consistent return. Because you are dealing with crypto investments, you will not be able to invest if you don’t have some crypto. Basically, you will first have to buy crypto before you could invest in this site. Unlike many other investment sites, they also do not disclose exactly how much you would really earn, but only give a rough estimate. This site needs to be viewed more closely before you can decide whether it is reliable or not.
Monelo has only been registered in January 2020. This means that they were only operational for a few months. Due to the current market situation, they claim that they have had to shut down. It is unclear whether this shut down is permanent or temporary, but this means that customers will have no way of contacting them. It is also unclear whether this will cause any losses to investors.
Monelo operates in many different countries, which makes it difficult to recover your money in case you are scammed. Many such companies only open for a few months and then shut down because their model is unsustainable. If you want to find out more about the site, you could check their website for any updates at https://monelo.biz/. You can check more details about this company through their facebook page as well (https://www.facebook.com/MoneloCryptoInvest/).
Monelo has a name that is similar to the popular Monero cryptocurrency. This could help attract customers thinking it is a new coin. However, this site does not deal directly in crypto coins. Rather, they are an investment site that claims to provide customers with different investment plans. You could earn 3% profit every day, according to the site. 3% might seem legitimate at first glance, but is actually unreal considering that you are doubling you money every month. This is a red flag for most investors as such ‘get rich quick’ Schemes do not have a solid foundation. Although it is possible to make such profits, they are unsustainable, so sooner or later you will lose all your money.
Another important thing to note about Monelo is their trading strategy. They claim to trade in both crypto and forex, but you will only get paid in Bitcoin. However, they do not disclose any details on how they plan on making such profits. Forex trading requires expertise and time, and the same applies for crypto trading. Neither of these trading schemes can make anywhere near 3% on a daily basis.
Another way to make money on this site is by investing in the affiliate program. Although you don’t pay a single cent, you make 5% of your referrals’ earnings. Such programs are highly unsustainable and will eventually cause the company to run out of funds or compromise on their investment plans.
- Company: Monelo
- Service: Investment platform
- Trading result: Unconfirmed
- Minimum investment: 0.0005 BTC
- Strategy: Cryptocurrency and forex trading
- Customer reviews: Mixed
Monelo has only been launched recently, so it is unlikely that they have any major trading results. However, they should still have some proof their strategy works, especially since a few people have already invested in this. Unfortunately, the site does not provide any trading results. Their claims cannot be verified through any external party either. This makes it difficult to decide whether it is a legitimate company or not.
Monelo has only launched in the beginning of 2020. They have acquired a few customers, who have left positive reviews. However, these are initial customers and it is likely that the site will continue paying the initial customers until they gain traction. Most investment sites work in a similar way. Therefore, these reviews cannot be taken as an overall indication of the site’s performance. Also, there are several negative client reviews about this company, so you have to take a weighted decision.
Monelo has tried to create an investment site to attract people willing to build a portfolio with digital currencies. However, they have not been able to prove their claims through any solid strategy. The strategy is likely to be unsustainable in the long run. Besides, they have not provided any verified trading results as well. Another red flag for potential investors is that the site is currently down. Digital currencies are meant to survive external market influences, but this site did otherwise.
If you have had any experience with this company, we would love to hear from you. So, share your views with us in the comments section below.
Monelo Investment Platform
0.0005 BTC (minimum investment)
- The website promises a high profitability (3% daily)
- The minimum investment amount seems moderately functional
- The claims of high profit margin are not backed by sufficient data
- Strategic information is not clearly shared at all
- They have controversial reviews with very few towards the positive
- Trading results are not verified or authenticated
Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.