If you’re looking for a detailed Tradera review, then you are in the right place!
I’ve seen a ton of people talking about this Forex opportunity so I wanted to take a closer look for myself to see if it could be an incredible opportunity to join or a complete waste of time.
I’ve taken the time to research and then review the information about the company, the products they offer, and how the compensation plan works to present that information for you here today.
What Is Tradera and Forex
Tradera is a Forex education opportunity that will help you and teach you how to make money on the Forex trading money market.
It is also an MLM company that will give you the ability to earn even more money.
One of the founders of the company is Kody Sell, and the other found is Eastan Harris.
I was able to find additional information on some of the marketing videos that say the owners have a ton of experience in Forex and the trading market and are considered professional traders and teachers of trading.
According to the company website they are located in Dallas, Texas, and yes, they do supply a contact phone number and email just in case you need to contact support.
That is all of the information that I was able to find out about the owner or who is running the company so let’s continue.
After taking a long look at the business model, the products, and the compensation plan design, I was blown away but had to observe for a few weeks before jumping in.
I learned more about how powerful the company’s compensation plan and that you can structure your Tradera business by helping others.
I became very excited and decided to take action so I decided to jump in Tradera and get to work!
My whole philosophy that I want everyone that joins me and my team is to have the “People Helping People” concept which I feel is so powerful and is actually doable with how this compensation plan is designed.
Products that the Tradera Opportunity Offers
According to the company website, they offer an education platform, live and recorded trading sessions with trading professionals, trade alerts, and market forecasts.
The company sells these services to retail customers and its IBO members.
Here is a look at what they offer their customers and members.
The trading education that Tradera offers is all about taking the new person from step A to Z.
This Forex training covers all of the basics all the way through to the advanced trading techniques and strategies.
This platform will be formated in videos so that everyone can follow along and understand what the training topics are covering much better.
There are also quizzes and homework assignments that are designed to test what you have learned in these courses throughout your Forex Trading educational journey to make sure you understand each topic.
Tradera Forex SignalsTradera also offers its members trade alerts that will be sent out by experienced traders that will include stop loss, take profit, and management information.
This will ensure that all of Tradera’s members will be up-to-date with all of the professional trader’s insights and tips.
Live Trading Sessions
You will also be able to participate in live trading sessions through webinars with your membership.
Watch over-the-shoulder of a trading professional as they are trading in real-time.
The markets that they will cover will include New York, Asia, and London.
Another perk for being a Tradera customer is a weekly market forecast.
The owner will actually record a weekly analysis and share with you some technical and fundamental updates that you will want to know when you start trading.
He will also discuss any upcoming trading opportunities and biases so that you can take advantage of them.
The fundamental analysis is a weekly update that includes current economic data and any important news that can affect any of the major asset classes.
Tradera Company Events
Just like with most other bigger MLM companies, Traders also will host company events.
This is where any member will get an invite to their company event where they will discuss and focus on trading, leadership, and marketing.
It is also a great way to network with other like-minded people and to see the vision that the company has on display.
Usually, there will be food and drinks that you can have with a good company presentation which is always a plus.
That’s all there is to the services/products that Tradera Forex offers.
With that said, let’s learn how you can start earning money with the compensation plan.
Another great review: Newbies On Fire Review – A Total Burn Out Or Waste Of Time?
How Does The Tradera Forex Compensation Plan Work?
Tradera Compensation Plan Details
In this section of my Tradera review, I am going to share with you the information about how the compensation plan works and how you can make money with the Tradera Forex opportunity.
One of the things that make this opportunity so lucrative is how you can make money with Tradera.
After taking the time to look at the ways that you can make money with Tradera and then compared to 90% of the MLM companies that are out there, this one has to be one of the best if not, the top 3!
There are 2 ways that you can make money with Tradera which are:
Before you can start making money with Tradera Forex, you will need to get started as an affiliate member.
In order to start making money with Tradera, you will need to become an affiliate member.
There are 2 ways that you can join as an affiliate member, but the most lucrative game plan is to become a customer and an affiliate member with only 1 package level cost.
The membership cost will be monthly and has special incentives when joining as a customer and affiliate which is the most lucrative way to join.
In order to reach a higher rank in the company, you are required to maintain a monthly purchase on the Premium Membership.
The main aspect of increasing your rank in the company is by building a team, but this is a bit different than most of the traditional MLM companies that are out there.
Building a team consists of helping your team sponsor 3 people. By doing this, their monthly membership cost is free.
Each rank is based on 3 legs that you will need to grow with more active affiliate members to qualify for a higher rank.
Building a team is very typical in any Network Marketing company’s compensation plan.
With that said, let’s breakdown each rank that the company offers and how to qualify for each one:
Founder – To qualify for this rank, all you need to maintain 3 active members on 3 legs.
Night – To qualify for this rank, maintain 4 active members on your first leg, 4 active members on your 2nd leg, and 2 active members on your 3rd leg.
Knoble – To qualify for this rank, maintain 10 active members on your first leg, 10 active members on your 2nd leg, and 5 active members on your 3rd leg.
Bishop – To qualify for this rank, maintain 30 active members on your first leg, 30 active members on your 2nd leg, and 15 active members on your 3rd leg.
Duke/Duchess – To qualify for this rank, maintain 100 active members on your first leg, 100 active members on your 2nd leg, and 50 active members on your 3rd leg.
Prince/Princess – To qualify for this rank, maintain 200 active members on your first leg, 200 active members on your 2nd leg, and 100 active members on your 3rd leg.
King/Queen – To qualify for this rank, maintain 400 active members on your first leg, 400 active members on your 2nd leg, and 200 active members on your 3rd leg.
Emperor/Empress – To qualify for this rank, maintain 1,000 active members on your first leg, 1,000 active members on your 2nd leg, and 500 active members on your 3rd leg
Legend – To qualify for this rank, maintain 2,000 active members on your first leg, 2,000 active premium members on your 2nd leg, and 1,000 active members on your 3rd leg.
Here is a compensation plan chart on how each rank qualification looks like
How To Make Money With Tradera Chart
One of the most exciting parts of the company is the referral compensation plan because of how powerfully profitable it is but also simple at the same time.
Now, some of the aspects of a traditional MLM compensation plan are not included with the Tradera comp plan, but the lack of these bonus commissions is made up by how much the compensation plan pays out in commissions in my opinion of course!
In the first part of earning referral commissions, you will want to recruit 3 members within 28 days.
3 And Free Bonus
When you do these 3 things happen, you will qualify for Founder rank, your monthly cost is free.
If you get your 3 personally recruited members after your first 28 days, you will still rank as a Founder, and your monthly membership will be free but you won’t earn that bonus.
The 3 and free is only for the Founder rank, but when you reach the next rank, you will earn more than enough to cover your monthly cost.
The residual commissions that Tradera offers are offered only when you increase your rank.
Each rank will give you a higher residual income and the increase is substantial.
Here is what you will earn based on rank:
Founder – When you qualify for this rank you will earn a free monthly membership.
Night – When you qualify for this rank, you will earn $125 per week.
Knoble – When you qualify for this rank, you will earn $250 per week.
Bishop – When you qualify for this rank, you will earn $500 per week.
Duke/Duchess – When you qualify for this rank, you will earn $1250 per week.
Prince/Princess – When you qualify for this rank, you will earn $2500 per week.
King/Queen – When you qualify for this rank, you will earn $5000 per week.
Emperor/Empress – When you qualify for this rank, you will earn $12500 per week.
Legend – When you qualify for this rank, you will earn $25000 per week.
As you can see above, a larger team that you have especially with this tactic fueling the production, the more money that you will earn on a monthly residual basis!
Because Tradera has forex education and signals that they share with members as you can see in the products section above, you can start learning the skill of trading in the forex market to earn even more money.
That is all I got on how you can make money with the Tradera opportunity and how the compensation plan works.
It’s really simple and no hoops that I can see that you have to jump through.
What’s The Cost To Join Tradera?
The minimum cost to join Tradera to become a client member is $99 to start and $99 every 28 days.
In order to take full advantage of what Tradera Forex offers, you will need to join add the $15 per month option to become an IBO after you get your 3 which is the client membership and the IBO membership.
Upgrading to the IBO option along with the Client membership will qualify you for the free monthly bonus and commissions when you reach the next ranks.
Additionally, by getting just 3 people on your first level, your monthly cost is free which is a great thing!
In my opinion, no, Tradera is not a scam.
The company offers everything they need in order to be in compliance with the MLM laws in the US.
They have a great service product and an awesome compensation plan that does take work but is easy to understand and is fair.