Mirror Trading International is a Forex MLM company that promises Bitcoin returns on investments. According to them no effort is needed. Can it be real or is Mirror Trading International a scam?
This is exactly what this review is going to be about. I am going to take a closer look at Mirror Trading International and show you what it really is about.
Below you will find everything you need to make the right decision. I will cover topics like the company’s background, price to join, how it works, pros & cons, compensation plan, and more.
By the time you are done reading this review, you will know whether it is worth your time and money.
Mirror Trading International Review Summary
Company: Mirror Trading International
Business model: Forex, MLM
Price to join: $100 to $10,000
Mirror Trading International is a Forex MLM, that is operating illegally. They are not registered to offer a passive investment opportunity in any country. This is because their members are not actually earning anything from the initial investments.
All money is made by recruitment and new investment. They don’t even have a product, which makes Mirror Trading International a pyramid scheme.
In short, avoid Mirror Trading International at all costs!
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What Is Mirror Trading International About?
Mirror Trading International is a Multi-Level-Marketing Company in the Forex niche. They pay out in Bitcoin and claim that there is nothing you have to do. According to them, you can just plug in to the system and start earning passive income.
The founder is Johan Steynberg and the company is based out of South Africa.
There are a lot of red flags with this company, which I will discuss later. But first let’s take a look at how Mirror Trading International works.
How Do You Make Money With Mirror Trading International?
There are two ways you can make money with Mirror Trading International.
- The first way is to invest money and get a return in Bitcoin.
- The second way is to recruit others into the system. You will be building a downline and earn depending on your referrals’ activity.
Is Mirror Trading International A Pyramid Scheme?
Yes! Mirror Trading International is a pyramid scheme!
Not all MLMs are pyramid schemes, but Mirror Trading International definitely is. Let me tell you why.
The image above shows what a typical pyramid scheme looks like. It starts with one person at the top who recruits people. These people start recruiting new members. These new members start to recruit more people. The circle goes on and on until the whole system collapses.
By the way, pyramid schemes are illegal in every country and are 100% guaranteed to fall apart at some point.
A program is called a pyramid scheme when there is no real product or service that the company is offering. That is exactly the case with Mirror Trading International.
They do not have any real product. Only recruitment. You will basically be promoting a membership with no real value. And even if you invest money into the system, there is no guarantee that you will get a return.
I hope you now can understand why this is not a sustainable business model.
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Is Mirror Trading International A Ponzi Scheme?
Yes! Mirror Trading International is a ponzi scheme as well.
They are lying about their real source of revenue.
They claim you can earn automated returns with no effort. This is far away from the truth.
Mirror Trading International has not even registered their security claims. That’s because Mirror Trading International can’t prove that their members are earning money from their passive investment. And because the company isn’t registered, you can get in big trouble for promoting it.
The real source of income is not Forex trading. All the money, come in either from recruitment or from investment. This makes Mirror Trading International a ponzi scheme.
The problem with ponzi schemes (and pyramid schemes) is that sooner or later recruitment and new investment slows down. This means that the company won’t have enough money to pay out to everyone. People will start quitting and the whole system will collapse.
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How Much Does It Cost To Join Mirror Trading International?
Mirror Trading International can cost you anything between $100 – $10,000.
The initial investment is $100, but they will convince you to invest more. The way this system works is that the more you pay, the more can you earn. In other words, they do not reward you based on results. They ”reward” you based on how much you invest.
This is also known as ”Pay to play”.
It will cost you $10,000 to get access to the full compensation plan.
Mirror Trading International Compensation Plan
Mirror Trading International’s plan is pretty easy to understand compared to other MLMs. Here is a the compensation plan in a nutshell.
As I already mentioned, money is made by recruitment. You will earn 10% of whatever your referrals invest in the company.
The commissions you earn from your downline are called residual commissions. Below you can see what the binary payout system looks like:
There are three factors that determine how much you will earn:
- The number of people you recruit
- The number of referrals your referrals manage to recruit
- How much you invest (the more you invest, the more can you earn)
Below you can see how much you can earn depending on your investment.:
- Invest $200 to $999 earn 10 levels down.
- Invest $1000 to $4999 earn 20 levels down.
- Invest $5000 to $9999 earn 30 levels down.
- $10,000+ earn from unlimited levels down.
Watch the video below for more information about the compensation plan and the back office.
Why It Is Hard To Make Money Here
MLMs are hard to succeed in general. 99% of people lose money and end up quitting. This is because most people underestimate how hard recruitment is.
Another reason why MLMs are hard to succeed with is because most MLM creators only think of themselves and how they will make money.
Below you can see 4 major reasons why MLMs are bad business opportunities:
Mirror Trading International Pros And Cons
There is absolutely nothing I like about this system.
No Real Product: Mirror Trading International does not have any product. The only thing you will be promoting is a useless membership. This makes Mirror Trading International a pyramid scheme (illegal).
Ponzi Scheme: Other than being a pyramid scheme, Mirror Trading International is a ponzi scheme as well. They are lying about their true source of income. Money does not come in by trading. The true source is new investment (with no return) and recruitment.
The Company Isn’t Even Registered: Mirror Trading International is breaking security laws by not being registered. The reason they are not registered is because they are a ponzi scheme and don’t want to get sued. They are just taking advantage of people’s money.
Is Mirror Trading International A Scam?
Yes! Everything about this company points that Mirror Trading International is a scam.
First of all the company isn’t even registered. They are lying about their real source of income and are just taking advantage of people’s hard earned money.
Mirror Trading International is both a pyramid and a ponzi scheme with no product or service to offer.
In other words, Mirror Trading International is not designed in the customer’s best interest. The only one who can be profitable is the one who created the system Everyone else will lose money.
Pyramid schemes and ponzi schemes are guaranteed to collapse. When that happens, there will be no way to get your money back.
Avoid Mirror Trading International at all costs!
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That was it for my Mirror Trading International review. I hope your question ”Is Mirror Trading International a scam” got answered. If you happen to have any questions, leave them in the comments below and I will be more than happy to help you out. 🙂