In the spirit of full transparency, know that this Dollar Trade Club review contains affiliate links. This means if you make a purchase through these links, I may receive a small commission at no extra cost to you. Click here to read my full disclosure policy.
If you have found this page then you probably found the Dollar Trade Club sales pitch and… let’s call it “ambitious” claims.
How does turning $50 into $1.3 million sound to you? They even prove how this was possible within a few months of investing using real historical data!
This Dollar Trade Club review will expose the truth behind the system and show you that it is genuinely possible to make money online.
Dollar Trade Club Review – The Overview and Rankings
- Name: Dollar Trade Club
- Owners: Agora Financial- Zach Scheidt & Alan Knuckman (5 out of 100)
- Website URL: pro.dailyreckoningnews.com/
- Training: 30 out of 100
- Success Stories: 5 out of 100
- Price: $250 Lifetime membership/ $30 per month
- Maketimeonline.com Rating: 13 out of 100
Pros and Cons
Pros
- Provides information to help make investment decisions
- Gives you high return investment opportunities
Cons
- Information overload (ends up a bit of a mess)
- Returns are not guaranteed
- Quite expensive for what you actually get (aka newsletters…)
- Black hat sales tactics
What does Dollar Trade Club do?
It helps you to invest in penny cryptocurrencies to make millions.
Zach Scheidt and Alan Knuckman (some financial “gurus”) have whittled down thousands of blockchain investments to provide “the best 7 blockchain jackpots” for you to invest in.
Or have they?
As you continue to read this Dollar Trade Club review you will uncover the truth behind the system.
What does Dollar Trade Club Provide?
At first glance it looks like there is a lot you will get from Dollar Trade Club:
However, when you look closer you will realise you really only get a bunch of newsletters through email or as a “bonus”.
But also note that there are a lot of other programs out there that offer the same stuff, such as:
- Rich Life Letter
- Kennedy Accounts
- Freedom Checks
- Seven Figure Formula
- Technology Profits
- Cash for Patriots Program
How Will This Help?
The sales video makes it seem like all you need to do is invest $50 and watch your pot grow at a frightening speed!
As you can see from the badly hand drawn graph above they don’t really provide you with any valid proof either.
After enduring the 30 minute sales video you can finally unravel what they actually do…
Invest in blockchain companies like Blockchain 360 or Digital X ltd.
And before long you’ll realise that these companies invest in promising Blockchain projects.
So simply put… you will be investing in a program… to recommend a company you should invest in… and that company invests in blockchain.
Simples… What could possibly go wrong?!
Ready to make passive income online?
Hey, I’m Mike.
I created a passive income online within a year. I had no marketing skills or online experience when I started.
Hang on What is Blockchain, Cryptocurrencies and Bitcoin?
Ah great question. Wouldn’t it be great if this was actually expained to you at some point.
As the sales video seems to miss this info out here you go…
Bitcoin is a cryptocurrency, a form of digital cash. It is not owned by a central bank and there is a limit to how much can be mined (created).
Cryptocurrency is a digital asset that works through a distributed ledger (everyone can see ALL of the transactions). There are thousands of other cyrptocurrencies i.e. Ethereum, Ripple etc.
Blockchain is the overall technology that the growing list of records (or blocks which makes up the ledgers) that cryptocurrencies use.
Now that we understand all this, I can almost hear your mind thinking…
Is Dollar Trade Club a Scam?
There are two main ways an online course can be a scam:
- Take your money and run off into the sunset, never to be heard from again
- Provide some information but it doesn’t live up to their promises
Dollar Trade Club appears to be the latter.
It’s not a blatant scam as it will deliver the newsletters that it claims it will. But it certainly doesn’t live up to turning $50 into $1.3 million.
Just to be fully transparent with you, I have not purchased this program myself and I do not endorse it in any way.
I have researched the website, testimonials and information on the Internet to get to the bottom of what this program genuinely does. This is because I have been burnt from programs just like this in the past and I want to prevent others from making the same mistakes. If you’d like to learn more “Ways to Spot an Online Marketing Scam” then click the highlighted text.
Tired of expensive crappy Affiliate Marketing courses? Check out how I make money online here!
Dollar Trade Club Red Flags
The more you keep reading this Dollar Trade Club review, the more you will understand the truth behind the program.
Key Terms:
- Black Hat Methods – Using lies and unethical methods to make someone buy something
- White Hat Methods – Being honest and genuine to help people make informed decisions about purchases
- Red Flag – A warning sign
#1 Scarcity Tactic
Let’s face the facts, there is no need to hurry to buy this program.
It’s an online newsletter that will keep getting sent out (supposedly).
But there is an underlying sense of urgency throughout the whole sales video.
There is a strangely different sounding voice that says “Hurry to act before 2nd November” when you watch the video.
And when you go to checkout there is a timer at the top of the page saying you have 15 minutes to buy.
However, when you refresh the screen and it simply restarts! This is always a bit of a red flag as they are not being honest with you or helping you make an informed decision.
#2 The Dates Don’t Even Match!
When you move your mouse to exit the page you get the option of seeing the video or transcript.
In the script, it says you need to act before January 14th.
But in the video, the voice over says “Hurry to act by November the 2nd”.
It’s now May and they are still offering this package.
Are alarm bells starting to ring in your head now?
#3 Agora Financial
There are many different reviews about Agora financial including the 300+ complaints on BBB.
From my own expereince with them they provide information overload.
For example, you will receive 9 “bonuses” when you join Dollar Trade Club… this is NOT a good thing!
Each bonus involves different things such as “retirement investments” and “the morning market reviews” making it hard to focus your efforts on one thing. It’s proven time and again that the more you can focus, the more successful you will be.
In the sales video they even claim that they avoid “noise” in the market. However, they are just going to send you noise over and over again.
Are you beginning to see there is no real step-by-step system to use with Agora Financial?
#4 $50 Turns Into $1.3 Million
Seriously??
Do they really expect us to believe this ludicrous claim?
Remember amigo… if it sounds too good to be true, then it probably is.
#5 No Guarantee of Income- It’s Improbable But Not Impossible
There’s one part of the video that uses historical data to show you how it was possible to turn $50 into $1.3 million.
Honestly, anyone can go back through history and tell you exactly what you should have done.
If you could go back in time it’d be easy to put all your money into Apple, Amazon or Bitcoin before the big profit.
At no point during the sales video did they show any proof that they can make these kind of predictions before the investments became successful.
They also manage to miss out the fact that there are over a thousand crytptocurrencies to bet on. And they will not all achieve 500% gains, in fact many of them disappear!
#6 It’s Yours For Free… For $250 (WHAT?!)
So throughout the video you are told that all this information can be yours for free. Simply put in your email address…
After you put your address in, it claims you are just one click away…
But all of sudden you have to put your card details in to pay for a $250 “lifetime membership”.
I’ve even read a review from someone that has paid $30 per month for this and hasn’t received anything
As you continue reading you will learn that there are ways to make money online to free up your time. But if you’re like me you’re getting pretty suspicious of this program by now.
Ready to make passive income online?
I’ve created a growing passive income online with no marketing skills or online experience…
I’ve made a special video for you to explain exactly how I did this.
My Opinion – Dollar Trade Club
You want my honest opinion?
It’s simply not worth the money or your time.
You will have to do a lot reading to try and work out what you should invest in (I know because I’ve used an Agora Financial program before).
And even then there is no guarantee of any sort of success.
Alan even tells you that in the video!
You’re much better off using one of the best discount stock brokerages and learning more about index funds than joining a program like Dollar Trade Club.
But there are other ways to make money from home.
How I make passive income online
It wasn’t that long ago that I was still trying to figure out how it’s possible for people to make money online.
I wanted to find a passive income system that ticked a few boxes:
- I could work on part-time when I wanted (I was still in a full-time job)
- Therefore I needed it to not cost a fortune to start and maintain
- Didn’t need me to sell stuff to my friends and family
The best thing about it is:
- It’s free to start
- Qualified traffic is brought to you for free (just think about how you found this review… there was no money or time spent from me promoting this!)
- You get me as a personal coach to help you on your journey (someone that has been through the exact same process to help you avoid the mistakes I made, but not too far ahead to forget what it feels like)
- You don’t need ANY technical skills to start
When you try out this program you will see why so many people recommend it.
Dollar Trade Club Review: The “MakeTimeOnline” Final Word
There are clearly some concerns regarding Dollar Trade Club.
I wouldn’t recommend this program to you unless you have some spare cash that you would like to “take a punt” with.
If you are looking to make money online without “taking a punt” through a proven 4-step process then my #1 recommendation may be more suited to you.
People all over the world are using affiliate marketing to:
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In 2018 I had no idea what affiliate marketing was.
Once I learnt about it, it just seemed like a great business model that can grow over time using the power of the internet.
So I tried to figure it out by myself… that got me nowhere fast.
Then I fell for some terrible online scams.
But eventually, I found Wealthy Affiliate. It teaches long-term proven strategies to build an online business with all the tools & support needed.
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Once you learn the process of getting thousands of people to find your website every month (for free) there really is not limit to what you can achieve online.
I’ve reviewed hundreds of courses or programs that claim to help people make money online. And I’ve spoken to dozens of 6-7 figure online entrepreneurs on my podcast.
This is by far the best place I’ve seen to help beginners get set up on the right foot. You can read my full Wealthy Affiliate review here (including the pros and cons!)
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Another get rich quick program aiming to make bogus claims to make people get excited to buying into it. How on earth would I turn 50$ into a million dollar plus. That is just outrageous. This dollar trade club has more than enough cons for me to think otherwise about joining it. Thanks so much for confirming my suspicion towards this program.
Hi Shelley,
No problem at all.
I don’t think the vehicle of using cryptocurrencies or investing in the stock market is the worst idea. But this is not a company or program that I recommend.
(check the previous comment for what I would recommend)
Mike
This program does look dodgy and the only thing that I can see as a positive is that you learn a bit more about trading on the stock market, even if you do get information overload.
Everyone jumped on the wagon when bitcoin came out and look where a lot of them ended up when the price of the stock dropped. It made me scared to actually try trading of any sort, and I think you really have to know what you are doing before you invest in this sort of thing.
What program would you recommend for someone wanting to get into trading, but that is not a scam and is easy to understand?
Hi Michel,
Great question!
Personally I would recommend reading The Millionaire Teacher or Tony Robbins Unshakeable.
The lessons are summed up in “How to earn passive income forever“
It will give you an overview of using index funds and show you how it’s possible to invest in the stock market yourself, without paying a hefty commission (which eats up your profits).
I also am trying out a cryptocurrency program called Space Tech Profits after speaking to the CEO and others that have used it. They offer crazy high returns, but it’s always good to invest with caution in companies like this.
After the drop in price in cryptocurrencies, I actually think it’s not a bad time to get into it again.
Warren Buffet Investing 101 – be fearful when others are greedy and be greedy when others are fearful.
That’s very deep there. When it sounds too good to be true, it probably really is. This platform really claims that one can make millions with just $50 within a small amount of time. That’s really outrageous there. But I think that some people do invest in crypto currency and make some good money from it. Dollar trade club doesn’t sound all that accurate with their claims though. Seeing that they also have wrong dates is ridiculously annoying. Well, we have people like you to help us determine this lies. Nice!
Hey John,
Great points made!
Yes, people have done very well from cryptocurrencies. However, this is mainly due to its volatility. Agora has a reputation for just chucking a load of information at you and thinking they’ve delivered some good stuff to you.
Sure some of it may be good, but 90% plus is just “stuff”.
I only speak from my previous experience investing in the “real wealth report”, but reading other peoples reviews on this, it seems very similar.
Investing in cryptocurrencies may not be a bad idea, but there will certainly be better ways to learn how to do so.
Thanks for carefully revealing all these facts about the dollar trade club. I have once seen some adverts about it but I didn’t believe its feasibility because of the price range. I felt it is almost not possible to make $1.3 million out of $50 and this made me loose focus thinking it is a scam. All the same thanks for taking your time to review this platform,I can at least tell my friends the real truth about the platform. Thanks for this great post.
Hey Willy, glad it came in useful!