Tradera Review – (2020) Legit Forex MLM or Huge Scam?

Tradera Review – (2020) Legit Forex MLM or Huge Scam?

Welcome to my third party unbiased Tradera review!

There has been some buzz about this company so I decided to take a closer look.

Chances are someone approached you about their Forex opportunity and you landed here to make sure it’s legit.

I have good news!

I am going to walk you through the company, products and compensation plan so you can make the right decision.

Just make sure you PAY close attention and read this to the end…

Wait before we get started, if you want to get involved with an opportunity that’s 100% legit and legal where you have nothing to worry about and everything to gain…

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Tradera MLM Forex Company

Tradera review

So what is Tradera exactly?

Tradera is a network marketing company that specializes in the Forex education niche.

They teach you about Forex trading…

When I took a look to see who runs or owns the company there was no information on their website.

All I know is the owner is some kind of Forex expert and been trading for years.

Now at the time of this write up, the company is in prelaunch but the company is fully operational.

They are located in Dallas, Texas and have a phone number to contact their support.

The website needs some work, looks very old school…

Alright, that’s all I got there…

Let’s take a look at the products next inside of this Tradera review…

Tradera Forex Products

The company offers Forex education and a platform where they do live and recorded trading session with professional traders.

These services can be sold to retail customers and you can sponsor new reps as well.

Below is the list of services they have:

  • Live Trading Sessions
  • Trade Alerts
  • Fundamental Analysis
  • Market Forecasts
  • Tradera Events

Other companies with retail products are Uforia Review and Ascira Review.

Tradera Compensation Plan

Tradera’s compensation plan rewards affiliates to acquire new customers and sponsor new affiliates.

So you can get referral commissions and forex commissions which is pretty new…

Tradera Ranks

Overall the company has nine ranks in total that you can achieve.

Below is a break down on how you can achieve them:

  • Founder – To hit this rank, all you need to maintain 3 active premium members on 3 legs.
  • Night – To hit this rank, maintain 4 active premium members on your first leg, 4 active premium members on your 2nd leg, and 2 active premium members on your 3rd leg.
  • Knoble – To hit this rank, maintain 10 active premium members on your first leg, 10 active premium members on your 2nd leg, and 5 active premium members on your 3rd leg.
  • Bishop – To hit this rank, maintain 30 active premium members on your first leg, 30 active premium members on your 2nd leg, and 15 active premium members on your 3rd leg.
  • Duke/Duchess – To hit this rank, maintain 100 active premium members on your first leg, 100 active premium members on your 2nd leg, and 50 active premium members on your 3rd leg.
  • Prince/Princess – To hit this rank, maintain 200 active premium members on your first leg, 200 active premium members on your 2nd leg, and 100 active premium members on your 3rd leg.
  • King/Queen – To hit this rank, maintain 400 active premium members on your first leg, 400 active premium members on your 2nd leg, and 200 active premium members on your 3rd leg.
  • Emperor/Empress – To hit this rank, maintain 1,000 active premium members on your first leg, 1,000 active premium members on your 2nd leg, and 500 active premium members on your 3rd leg.
  • Legend – To hit this rank, maintain 2,000 active premium members on your first leg, 2,000 active premium members on your 2nd leg, and 1,000 active premium members on your 3rd leg.

For the rest of the compensation plan, I found a great video an affiliate did that explains it.

Now just note this will be biased of course, so use it for information only:

Now you know about the compensation plan, let’s keep going…

Cost To Join Tradera

Tradera will cost you at least $15 for every 28 days as an affiliate.

Now in order to take advantage of the Forex side, you will need to get the $114 per month membership which is for both customers and affiliates.

  • Premium Membership – The cost for this membership is $114 every 28 days (includes both affiliate and customer memberships)
  • Customer Membership – The cost for this membership is $99 every 28 days.
  • Affiliate Membership – The cost for this membership is $15 every 28 days.

Unlike all the other Tradera reviews out there, I am going to keep it real…

I am not an affiliate…

Keep reading…

Tradera Review Video

Final Verdict

Does the Tradera scam exist?

Personally, I do NOT believe this company is a scam.

They have retail products/services and have a very lucrative compensation plan for affiliates as well.

What you can do is test out the trading side and see how you like their platform.

If you feel it’s great, maybe become an affiliate.

Trust me you never want to promote something your not passionate about.

Also take note if there are more retail sales than affiliates to keep it out of pyramid scheme territory.

You can ask an affiliate to see what their affiliate to customer ratio is…

FTC Requires Retail Sales

How does the FTC distinguish between MLMs with lawful and unlawful compensation structures?

At the most basic level, the law requires that an MLM pay compensation that is based on actual sales to real customers, rather than based on mere wholesale purchases or other payments by its participants. In evaluating MLM practices, the FTC, in accord with established case law, focuses on how the structure as a whole operates in practice, and considers factors including marketing representations, participant experiences, the compensation plan, and the incentives that the compensation structure creates. The assessment of an MLM’s compensation structure is a fact-specific determination that the FTC makes after careful investigation.[1]

I am just keeping it real with you…

Anyway, I hope you enjoyed my Tradera review and if you have any questions feel free to ask in the comments below…

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See you at the top,

Tradera

-Jesse Singh

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