Tradera Forex Review: A Scam or A Legitimate Business Opportunity


This is a sponsored post from William Brooks.

There is a lot of rave online and offline about forex at the moment with every ad advising you to click for a ‘’once in a lifetime opportunity to make money online’. I have heard many individuals talk about what Tradera has to offer and how you can earn from home with them. So, I decided to dig a little deeper, carry out my own research and write an unbiased review about them.


If you’ve been considering joining Tradera, then this is for you. Is Tradera a grand business opportunity? Can you really make money online with them or it’s just another to be added to the long list of scam money-making schemes online?


Let’s find out!


What Exactly is Tradera?


Tradera is a Forex Multi-Level Marketing company that focuses on teaching others how to take advantage of the Forex market to make money. This is known as Forex education.


Tradera was launched by Eastan Harris and Kody Sell, both with experience as forex traders, in December 2019. However, it is important to point out that the ownership information is not available on their website. This bit I got from a little more digging around. Their website doesn’t contain sufficient information about the leadership of the company.


However, you will find the contact information for support if you need it.


How Does Tradera Forex Work?


What Products or Services Do They Offer?


Trader Forex MLM company offers a platform that is used to carry out Forex education, trade alerts, market forecasts, live trading sessions and company events.


Forex Education


Tradera Forex education is designed to be a total comprehensive package that offers knowledge about forex that is capable of taking an individual from being a novice to having a wealth of knowledge about it. Assignments and quizzes are included in this package to ensure that you have a complete understanding of every topic.


Trade Alerts


For the benefit of their users, Tradera sends trade alerts through experienced forex traders which include take profit, stop loss and management information. The essence of this is to keep every member of Tradera.


Market Forecasts


Tradera provides all their members with a market forecast every week in which a thorough analysis of the market is provided and trading opportunities are revealed. As a Tradera member, you must be able to use this information effectively. It is one of the more direct ways to easy online earning.


Live Trading Sessions


Through the use of webinars, members can be a part of live trading sessions where you can watch as forex trading professionals trade the market live.


Company Events


Tradera is said to host company events which are usually focused on trading, marketing and networking. All members are invited to these events.


Tradera Ranks




At Tradera, members can scale through nine different ranks; Founder, Night, Knoble, Bishop, Duke/Duchess, Prince/Princess, King/Queen, Emperor/Empress and Legend. Just for other MLM businesses, individual ranks are based on 3 legs which must be increased with more affiliate members who are active.


To keep attaining higher ranks within the company, Tradera members are required to continually renew their monthly premium membership. From the lowest, Founder to the highest rank, Legend, there are certain responsibilities every member must undertake to qualify for each one. Here they are:


To attain the rank of Founder, a Tradera member has to maintain 3 active premium members on 3 legs.


To attain the rank of Night, a Tradera member has to maintain 4 active premium members on the first leg, 4 active premium members on the 2nd leg, and 2 active premium members on the 3rd leg.


To attain the rank of Knoble, a Tradera member has to maintain 10 active premium members on the first leg, 10 active premium members on the 2nd leg, and 5 active premium members on the 3rd leg.


To attain the rank of Bishop, a Tradera member has to maintain 30 active premium members on the first leg, 30 active premium members on the 2nd leg, and 15 active premium members on the 3rd leg.


To attain the rank of Duke/Duchess, a Tradera member has to maintain 100 active premium members on the first leg, 100 active premium members on the 2nd leg, and 50 active premium members on the 3rd leg.


To attain the rank of Prince/Princess, a Tradera member has to maintain 200 active premium members on the first leg, 200 active premium members on the 2nd leg, and 100 active premium members on the 3rd leg.


To attain the rank of King/Queen, a Tradera member has to maintain 400 active premium members on the first leg, 400 active premium members on the 2nd leg, and 200 active premium members on their 3rd leg.


To attain the rank of Emperor/Empress, a Tradera member has to maintain 1,000 active premium members on the first leg, 1,000 active premium members on the 2nd leg, and 500 active premium members on the 3rd leg.


To attain the rank of Legend, a Tradera member has to maintain 2,000 active premium members on the first leg, 2,000 active premium members on the 2nd leg, and 1,000 active premium members on the 3rd leg.


Tradera Compensation Plan


As a Tradera affiliate member, you are rewarded for acquiring new affiliates, you can earn money through referral commissions, residual commissions and even make extra money from the free bonuses.


Here’s a plan of what each of the ranks earns every week:


Founder – Qualifying for this rank grants you free monthly membership.


Night – Earns $125 per week.


Knoble – Earns $250 per week.


Bishop – Earns $500 per week.


Duke/Duchess – Earns $1250 per week.


Prince/Princess – Earns $2500 per week.


King/Queen – Earns $5000 per week.


Emperor/Empress – Earns $12500 per week.


Legend – Earns $25000 per week


You Want to Join? Here’s How!


The first step to online earning with Tradera is to register as an affiliate member. There are several ways to become a member of Tradera, however, the most rewarding option is to sign up for the premium membership which includes the affiliate and customer membership. It involves a monthly cost and includes other added incentives.


Below is the membership cost breakdown.


Premium Membership (includes both affiliate and customer memberships)– The cost of signing up for the premium membership is $114. This has to be paid every 28 days


Customer Membership – The cost of signing up for the premium membership is $99 which has to be paid every 28 days


Affiliate Membership – Here’s the cheapest membership plan to subscribe to. The cost of signing up for the premium membership is $15 which has to be paid every 28 days.


Conclusion


Do I think Tradera is a scam or an opportunity to even earn from home?


I don’t believe they’re a scam. Their products/services are clearly spelt out together with their good compensation plans. However, it’s not as easy as it might appear to be. Forex trading is not an easy way to earn money. It’s risky and trading decisions should be based on a completely thorough analysis of the market. Even with all the guidance Tradera looks to provide, maintaining profitability is very difficult, even for professionals.


Do I recommend the platform for you?


I have dug up sufficient information to help guide your decisions. If you are looking for fast money-making schemes, then Tradera Forex MLM is not for you. However, if you are ready to take the gradual forex learning and earning curve, you can start as an affiliate member just to study their service. You will learn if it’s an opportunity worth seizing.


Register for free.







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