Oilwell Review – Is Oilwell.fun Legit Or Scam

About Oilwell.fun

Oilwell.fun is a Nigerian investment platform claiming to be linked to the oil industry. It promises daily profits when you invest money in their schemes, offering a substantial 20% daily return. To join, you create an account, pick an investment plan, pay money, and supposedly start earning. However, this platform raises red flags. The high returns are unrealistic and it’s labeled as a potential scam. It lacks transparency and regulatory approval. In short, Oilwell.fun appears risky, and investing should be approached with caution, considering more secure investment options and consulting financial experts for guidance.

Company Name: Oilwell.fun
Website url: https://oilwell.fun
Invitation url: https://oilwell.fun?sponsor_code=Q7OZDYW
Launch Date: 29/8/2023
Domain Registration Date: 28/08/2023
Domain Expiry Date: 28/08/2024
Owner Name: The owner of the domain name is hidden in the Whois
Daily Commission 20%
Referral Commission Level 1: 20%,  Level 2: 7%,  Level 3: 2%
No. of Visits 99
Last Visit: 5min ago

 

Oilwell.fun Features & Benefits

  • Launched on 29th August, 2023
  • 250 naira welcome bonus
  • Minimum deposit of 1,000 naira
  • Mini withdrawal of 1,000 naira
  • 3% withdrawal charges
  • 20% first level referral bonus
  • 7% second level referral bonus
  • 2% third level referral bonus

Oilwell.fun Investment Plans

OW1 Total: 2000

  • Amount: 1000
  • Duration: 10 days
  • Daily Cost: ₦ 200
  • Price: ₦ 1000

OW2 Total: 10000

  • Amount: 5000
  • Duration: 10 days
  • Daily Cost: ₦ 1000
  • Price: ₦ 5000

OW3 Total: 16000

  • Amount: 8000
  • Duration: 10 days
  • Daily Cost: ₦ 1600
  • Price: ₦ 8000

OW4 Total: 20000

  • Amount: 10000
  • Duration: 10 days
  • Daily Cost: ₦ 2000
  • Price: ₦ 10000

OW5 Total: 30000

  • Amount: 15000
  • Duration: 10 days
  • Daily Cost: ₦ 3000
  • Price: ₦ 15000

OW6 Total: 80000

  • Amount: 40000
  • Duration: 10 days
  • Daily Cost: ₦ 8000
  • Price: ₦ 40000

OW7 Total: 140000

  • Amount: 70000
  • Duration: 10 days
  • Daily Cost: ₦ 14000
  • Price: ₦ 70000

OW8 Total: 300000

  • Amount: 150000
  • Duration: 10 days
  • Daily Cost: ₦ 30000
  • Price: ₦ 150000

Oilwell.fun Red Flags

1. Reliance on New Investments: The platform relies on new investments to pay returns to existing members, a classic sign of a Ponzi scheme.
2. Limited Contact Information: Scam platforms often provide limited or vague contact information to evade accountability.
3. Unverifiable Track Record: Ponzi schemes lack a legitimate track record of successful investments.
4. No Clear Business Model: The platform lacks a transparent explanation of how it generates the promised returns.

Is Oilwell.fun Legit or Scam?

Based on all the red flags we have listed above, it is quite evident that company_name is a Scam

 


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