Epic Trading Review – Legit Forex MLM Company or Another Huge Scam?
- Epic Trading Reviews
- December 21, 2020
Welcome to my Epic Trading Review!
There has been some buzz about this new company in the Forex MLM niche and I decided to take a look to see what it was all about.
Chances are someone approached you about the MLM trading opportunity or business opportunity and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Just PAY close attention and read this to the end…
Epic Trading Review ( MLM Company)
Epic Trading is the brain child of David McCovy who just recently launched the company and is headquartered in Henderson, NV.
EPIC stands for Exceptional People Incredible Compensation.
Other people in management are:
- Spencer Iverson – President
- Mark Sterling – Vice President
- David Liciaga – Vice President of Business Dev
- Jonathon Green – Global Master Ambassador
- Maxcine Bakhshizad – Director of FOREX Trading
Epic Trading International has a mission statement that says:
Epic is a global training company that provides a variety of educational resources and creates an environment for people of all backgrounds to learn a life-long skill while also pursuing their financial dreams and goals. We believe that to whom much is given, much is required, so through our foundation, we will enrich movements and causes that are relevant to making our world a safer and better place. Finally, we are committed to providing life-changing opportunities to all of our partners and customers and demonstrating the highest levels of integrity, customer service, and character.
What is Epic Trading International?
In a nutshell, Epic Trading international was designed to help people warn money from home and offers two ways to earn:
- Through the powerful but affordable and lucrative compensation plan and…
- Through the immense training, the company offers in the field of Forex Trading, and possibly Crypto Trading in the future.
Other companies that specialize in this niche are IM Mastery Academy, Auvoria Prime and Tradera.
Now I like to go deeper, so I decided to take a look at the Epic Trading Int domain information on “epictrading.com” and found out it was first registered October 14th, 2001.
It was updated on August 9th, 2020 where I believe David McCovy took over.
I looked at the WayBack Machine information and it seems to look like this domain was mostly parked.
Epic Trading Products
EPIC Trading actually has a lot of products in the educational space.
What I did noticed is it’s geared towards beginners which could be a good thing.
Below is the list of programs you can have access to with your membership:
- EPIC University
- EPIC Trade Alerts
- Live Trading Sessions
- Fundamental Analysis
- Market Forecasts
- Member Support
- 2 Week Syllabus
- 20 Pips and Dip Trade Strategy
Next let’s dive into the compensation plan inside of this Epic Trading International review…
Epic Trading Compensation Plan
Epic Trading Compensation plan pays people to sponsor new affiliates and sell to retail customers.
Epic Trading Ranks
Overall there are 12 affiliate ranks you can achieve in this company and blow is the breakdown on the qualifications needed to hit them:
- Founder 1 Rank – To qualify for this rank you will need to maintain at least 3 active personally enrolled customers. 1 customer needs to be on your 1st, 2nd, and 3rd leg. You are also required to upgrade to IBO to earn your monthly bonus at this point.
- Founder 500 Rank – To qualify for this rank you will need to maintain at least 10 active downline customers/team members. 4 customers need to be on your 1st leg, 4 customers on your 2nd leg, and 2 customers on your 3rd leg. You are also required to maintain IBO status.
- Founder 1,000 Rank – To qualify for this rank you will need to maintain at least 30 active downline customers/team members. 12 customers need to be on your 1st leg, 12 customers on your 2nd leg, and 6 customers on your 3rd leg. You are also required to maintain IBO status.
- Founder 2,000 Rank – To qualify for this rank you will need to maintain at least 80 active downline customers/team members. 32 customers need to be on your 1st leg, 32 customers on your 2nd leg, and 16 customers on your 3rd leg. You are also required to maintain IBO status.
- Founder 5,000 Rank – To qualify for this rank you will need to maintain at least 250 active downline customers/team members. 100 customers need to be on your 1st leg, 100 customers on your 2nd leg, and 50 customers on your 3rd leg. You are also required to maintain IBO status.
- Ambassador 10 Rank – To qualify for this rank you will need to maintain at least 500 active downline customers/team members. 200 customers need to be on your 1st leg, 200 customers on your 2nd leg, and 100 customers on your 3rd leg. You are also required to maintain IBO status.
- Ambassador 20 Rank – To qualify for this rank you will need to maintain at least 1,000 active downline customers/team members. 400 customers need to be on your 1st leg, 400 customers on your 2nd leg, and 200 customers on your 3rd leg. You are also required to maintain IBO status.
- Ambassador 50 Rank – To qualify for this rank you will need to maintain at least 2,500 active downline customers/team members. 1,000 customers need to be on your 1st leg, 1,000 customers on your 2nd leg, and 500 customers on your 3rd leg. You are also required to maintain IBO status.
- Icon 100 Rank – To qualify for this rank you will need to maintain at least 5,000 active downline customers/team members. 2,000 customers need to be on your 1st leg, 2,000 customers on your 2nd leg, and 1,000 customers on your 3rd leg. You are also required to maintain IBO status.
- Icon 200 Rank – To qualify for this rank you will need to maintain at least 15,000 active downline customers/team members. 6,000 customers need to be on your 1st leg, 6,000 customers on your 2nd leg, and 3,000 customers on your 3rd leg. You are also required to maintain IBO status.
- Icon 500 Rank – To qualify for this rank you will need to maintain at least 40,000 active downline customers/team members. 16,000 customers need to be on your 1st leg, 16,000 customers on your 2nd leg, and 8,000 customers on your 3rd leg. You are also required to maintain IBO status.
- EPIC Rank – To qualify for this rank you will need to maintain at least 75,000 active downline customers/team members. 30,000 customers need to be on your 1st leg, 30,000 customers on your 2nd leg, and 15,000 customers on your 3rd leg. You are also required to maintain IBO status.
To remain active in the company you must maintain 3 active and personally sponsored customers.
Residual Commissions
Residual commissions are determined by your rank.
- Founder 1 Rank – Once you qualify for this rank, you will then have to upgrade to an IBO and then your monthly fee will be paid for by the company.
- Founder 500 Rank – Once you qualify for this rank, you will earn $500 per month which will be paid out every Friday of $125.
- Founder 1,000 Rank – Once you qualify for this rank, you will earn $1,000 per month which will be paid out every Friday of $250.
- Founder 2,000 Rank – Once you qualify for this rank, you will earn $2,000 per month which will be paid out every Friday of $500.
- Founder 5,000 Rank – Once you qualify for this rank, you will earn $5,000 per month which will be paid out every Friday of $1,250.
- Ambassador 10 Rank – Once you qualify for this rank, you will earn $10,000 per month which will be paid out every Friday of $2,500.
- Ambassador 20 Rank – Once you qualify for this rank, you will earn $20,000 per month which will be paid out every Friday of $5,000.
- Ambassador 50 Rank – Once you qualify for this rank, you will earn $50,000 per month which will be paid out every Friday of $12,500.
- Icon 100 Rank – Once you qualify for this rank, you will earn $100,000 per month which will be paid out every Friday of $25,000.
- Icon 200 Rank – Once you qualify for this rank, you will earn $200,000 per month which will be paid out every Friday of $50,000.
- Icon 500 Rank – Once you qualify for this rank, you will earn $500,000 per month which will be paid out every Friday of $125,000.
- EPIC Rank – Once you qualify for this rank, you will earn $1,000,000 per month which will be paid out to you every Friday of $250,000.
There are other bonuses that will be added, but have not been announced yet…
Cost To Join Epic Trading International
Cost to join Epic Trading International is $99 per month.
Now they talk about you must register as an IBO to start promoting but doesn’t talk about how much that costs.
UPDATE: Just found out it is $24.99 per month to be an IBO.
A customer is considered an Epic Scholar and an affiliate is considered an Epic Independent Business Owner.
Unlike all the other Epic Trading reviews out there I am going to keep it real with you…
Final Verdict
So does the Epic Trading scam exist?
Let’s just look at the facts…
We know who is running the company and has a management team which is a good thing.
They do have retail products as Forex training and customers are called Epic Scholars where affiliates are IBO’s.
In other words they do distinguish from one another.
Because the company is so new (prelaunch at this time), there is some missing information like some extra bonuses and what does the cost of an IBO is…
Do I have concerns about Epic Trading?
It’s very early to judge, but normally Forex Trading companies don’t usually do that well in the long run.
Only one that seemed to pull it off is IM Mastery Academy and even they had to change things up time to time to stay relevant.
The compensation plan itself is very lucrative, however, it’s TOO geared towards recruiting affiliates.
They should add some retail bonuses in the compensation plan so they can stay out of pyramid scheme territory.
FTC requires MLM companies to have most of their sales coming into the company from actual retail customers and not affiliates.
Now I am not saying because they don’t have retail incentives that it’s automatically a pyramid scheme.
I will have to see an audit and see if there is more retail coming in.
However, generally when a compensation plan is geared toward affiliates, you just have more affiliate sales…
That’s the trend from the past.
Overall, the company seems to be legit…
All I would do is change up the compensation plan to add 2-3 more bonuses that is retail based to stay compliant.
I hope you enjoyed my Epic Trading review and if you have any questions, feel free to ask in the comments below…
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-Jesse Singh
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