Welcome to my Tradera review.
Tradera is a Forex MLM company that has gained popularity over the past few months. You are probably here because you are wondering ”Is Tradera a scam or a legit way to make money?”
You have landed just on the right place because in this article I will walk you through Tradera’s back office. I will tell you everything you need to know before joining, such as the company’s background, price to join, compensation plan and more.
Make sure to stick until the end, because I will discuss whether a $98 subscription is worth it for the Tradera education platform.
Tradera Review Summary
Price to join: $15 every 28 days, $99 subscription for client products
Do I recommend it? No
Summary: Tradera is an MLM and there are two ways you can make money with it. The first one is to buy the signals that Tradera sends you about the markets. The other way is to recruit people.
Tradera seems legit at first. They provide you with data, training and resources. But at the same time there are some aspects of the company that seem scammy, such as not disclosing who owns/runs the company.
Based on my research you can make some money if you buy the Forex signals. Just be careful how much you spend. But if your plan is to make money by recruiting people, then I don’t recommend you get involved with Tradera.
Overall, there are better opportunities to make money. Below you can find the way that I use to make legitimate money online.
Better opportunity: If you are looking for a way to quit your 9-5 job or just earn extra money online, check out my number one recommendation by clicking the button below. It will show you a training program that teaches you how to make money from your passion.
What is Tradera?
Tradera is an MLM company in the Forex niche that was established in August, 2019. Tradera offers trading education that teaches people how to navigate the markets.
According to their website, Tradera was founded by Kody Sell and Eastan Harris. But there is absolutely no information about them in their ”About Us” section. The only thing that they say is that they are ”ambitious traders”. I couldn’t find anything about the owners on Google either.
The lack of information about the owners makes this MLM company already suspicious to me.
In almost all cases, when a company doesn’t disclose who the owners are or provide you with background information about them, it’s turns out to be a scam.
How Do You Make Money With Tradera?
There are two ways you can make money with Tradera.
- The first one is by using the products they offer to profit with Forex.
- The second one is by recruiting people. You then earn money based on your referrals’ activity. When they spend money on Tradera, you will earn commissions.
Tradera’s Back Office
The first thing you will see when you log into the Tradera back office is the ”trade alert” section. These alerts are sent by trading pros who have done the proper analysis. They basically give you the parameters and all you have to do is to copy and paste them.
The trade alerts make it easy to win. They will send you notifications with all the numbers and the only thing you have to do is to plug them in. Down below you can see what the notifications look like.
The next section is the ”Education platform”. They teach you about Forex, Cryptocurrency, Commodities, Stocks, Technical Analysis and more.
The education is simplified and well-done. If you have tried learning Forex before, but failed to do so because it was too difficult – Tradera has the solution for you. Their training is really easy to follow.
They also offer live training where they explain what’s going on the markets right now.
They also have a section called Fundamental analysis that consists of a lot of news. This is a great section because it keeps you informed. Some people say that they can predict the markets with the help of the news, but I am against that statement. Let me tell you why.
If it’s already on the news – you are late. There are so many people on the inside who have already taken advantage of what’s been said on the news.
The next section is the Market Forecast. It is full of charts and explanations about what’s going on the market. This is a great feature because it takes off the pressure from you. They have marked the charts so that you can see where the currency is going, where the support and resistance are, and so on.
Is Tradera A Pyramid Scheme?
No, based on my research Tradera is not a pyramid scheme. Most MLMs are pyramid schemes, but not this one. Let me explain you why.
Below you can see what a real pyramid scheme looks like.
By the way all pyramid schemes are illegal. The people at the top make most money and the people at the bottom can’t be profitable at all.
This means that when you join a pyramid scheme, you are placed at the bottom of the pyramid and therefore, are guaranteed to lose money.
With a pyramid scheme, there is no real product and the only way you can make money is by recruiting new members.
This is not the case with Tradera. Tradera has real products and services. They do not force their customers to to buy anything or recruit people.
In fact, you need to have 55% retail customers in your downline if you plan on recruiting. This means that you actually have to find retail customers who are interested in using Trdera’s services and not the recruitment commissions.
This prevents Tradera from becoming a pyramid scheme.
Can You Really Make Money With Tradera?
Based on my research it is possible to make money with Tradera, but I don’t recommend it and wouldn’t get involved with it myself.
I am not a fan of MLMs, even if some of them are legitimate. My website is all about reviewing different business opportunities and teaching people about affiliate marketing, which I believe is the best business model.
I know you came here to learn whether Tradera is a scam, but I think now is a good time to mention why MLMs are not good business opportunities in my opinion.
Feel free to skip this section if you are not interested in learning about a better business model. But if you want to learn more, keep reading.
Why It Is Hard To Succeed With MLMs
It’s a fact that more than 99% of people who join an MLM company, end up losing money. People underestimate how hard it is to make money by recruiting people and selling MLM products.
In the case of Tradera, you will need at least 75 people in your downline to just break even! The question is ”Do you know 75 people who will be interested in joining Tradera?”. Do you even know 75 people who are familiar with Forex in general? Do you even know 75 people?
In most cases the answer will be ”no”.
The image below shows some pretty shocking stats about MLMs:
Can you see why I don’t like MLMs?
The business model that I prefer is called affiliate marketing. Affiliate marketing is basically the process of promoting other people’s products and earning commissions when someone buys.
There is no need to recruit people and you can start for free. If you are interested in learning more, check out my number one training platform for learning affiliate marketing.
How Much Does Tradera Cost?
There are two membership plans that Tradera offers.
The first one is called the Client Membership and costs $99/month. What you get for that price is access to the back office that I showed you earlier in this post.
Then there is the IBO Membership that costs $15/month and will allow you to participate in Tradera’s affiliate program and earn commissions.
Below is the compensation plan.
Tradera Compensation Plan
Tradera’s compensation plan is pretty easy to understand compared to other MLMs. I will summarize it shortly, but if you want to learn more, click here to read Tradera’s full compensation plan. It’s only 6 pages long.
Tradera has 9 affiliate ranks and depending on your rank you earn different commissions. Below I will summarize each of the ranks and what you need to do to achieve them.
- Founder (sell and maintain 3 client subscriptions)
- Knight (sell and maintain 3 client subscriptions and have 10 members in your downline)
- Noble (sell and maintain 3 client subscriptions and have 25 members in your downline)
- Bishop (sell and maintain 3 client subscriptions and have 75 members in your downline)
- Duke/Duchess (sell and maintain 3 client subscriptions and have 200 members in your downline)
- Prince/Princess (sell and maintain 3 client subscriptions and have 500 members in your downline)
- King/Queen (sell and maintain 3 client subscriptions and have 1000 members in your downline)
- Emperor/Empress (sell and maintain 3 client subscriptions and have 2000 members in your downline)
- Legend (sell and maintain 3 client subscriptions and have 500 members in your downline)
Something important to mention is that you need three uni-level legs and a 4:4:2 split across each leg. To explain what this means, imagine yourself in the middle and then a line that branches into 3 pieces from you. These are your 3 legs.
Now under the first leg you recruit 4 people. Under the second leg you recruit 4 people too. And under the third leg you recruit 2 more people.
The numbers doesn’t have to be 4, 4 and 2, but the proportion has to be 4:4:2. I know that this is a bit confusing, If you need further explanation tell me in the comments section.
Other than that, 55% of your referrals have to be retail customers.
Below you can see an image of the compensation plan, so it becomes clearer.
What I Like About Tradera
The system is protected from becoming a pyramid scheme
Most MLMs and Forex investment companies are pyramid schemes. They require you to recruit new members and invest more and more money into the company. You have absolutely no chance of succeeding with a business model like that.
Fortunately that is not the case with Tradera. The company has requirements, such as having 55% of your downline to be retail customers. This shows that Tradera is structured in a way that prevents it from becoming a pyramid scheme.
What I Don’t Like About Tradera
No background information about the owners
As I mentioned earlier, according to Tradera’s website, the owners are Kody Sell and Eastan Harris. Nothing more is mentioned about them, which makes me wonder whether they are the real owners and why is the real founder afraid of showing himself (herself).
The lack of clarity about who runs a company is a huge red flag. If a company is legitimate, the founder is clearly disclosed. The problem with scam products is that the owners use fake names because they are afraid of being sued when the company is announced as a scam.
It’s An MLM
I already mentioned why I am not a fan of MLMs, but here are a few more reasons.
It’s not a profitable business model and you could be spending your time more wisely in my opinion. What do I mean by that?
You are always required to recruit new members or try to sell MLM products. This requires a huge amount of your time and the returns of your efforts will be close to zero.
I prefer building a passive income stream through affiliate marketing. It gives you much more freedom and control over your earnings.
Is Tradera A Scam?
I wouldn’t call Tradera a scam, but I definitely don’t recommend it to anyone.
There are some aspects of the company that seem scammy, such as not providing background information about the real owner(s).
On the other hand, there are signs showing that the company isn’t a scam, such as protecting it from becoming a pyramid scheme by requiring you to have at least 55% of your downline to be retail customers.
I do not have expertise in the Forex trading field and haven’t tried Tradera myself. All the information that I provided above is based on my own research. I read all the reviews and watched all the videos that I could find about Tradera.
The people who have tried Tradera seemed pretty positive about it, but you never know who creates those reviews or if someone had payed them to write a positive review.
I promised to tell you whether a $98 dollar subscription is worth it, and my answer is ”no”. I don’t think it is worth investing in Tradera.
Even though they help you invest in the markets, you are always reliant on them. What happens if the company all of a sudden goes down? Your income will disappear as well.
In other words it’s not a sustainable business model in the long term.
Here’s A Better Opportunity
If you are still reading, that tells me that you are serious about making money. Unlike most people, you are not looking for quick solutions. Instead you are focusing on the long term success and I congratulate you for that.
What I have found to be the best business model, is affiliate marketing. The good thing with affiliate marketing is that you don’t have to create a product. You can join affiliate programs and leverage other people’s products and earn commissions for promoting them.
What’s even better is that affiliate marketing allows you to build your business around your passion. If that’s something that interests you, I encourage you to take a look at Wealthy Affiliate. It is an online platform that teaches affiliate marketing to complete beginners.
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On top of that, Wealthy Affiliate offers one on one coaching to make sure you are on the right path.
And the best part?
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If you want to learn more about how to make money with affiliate marketing, check out my FREE Make Money Online Guide below.
That was it for my Tradera review. I hope you now understand what Tradera is about and why I don’t recommend it.
If you happen to have any questions or thoughts about Tradera, please do not hesitate to leave me a comment below. I will be more than happy to answer you 🙂