You’ve most likely arrived here because you’ve heard of Tradera and are wondering whether it’s a scam or not.
If you answered yes, I can help you out. I’ll discuss the pros and cons of Tradera MLM in detail in this review. And I’ll be completely open with you about my opinion so you can decide if it’s the best business opportunity for you.
But, before I go any further…
MLMs like Tradera are a bit of a mixed bag. They CAN be a legitimate way to make money, but some have a reputation for literally ruining people’s lives – so it’s important to know what you’re getting, since each one is unique.
Like most of my readers, you were probably introduced to this one via a friend or some influencer you trust online.
And it makes sense why so many people recommend them:
Making money outside of a 9-5 can be… life-changing, to say the least.
So in this article, I want to help you explore two things:
- If MLMs are actually a worthwhile business to pursue
- If Tradera is a worthwhile MLM
Before that, I want to clear the air on something.
There are A LOT of people out there who bash all MLMs in any form. However, I’m not one of those people.
Instead, I want to genuinely educate you about them so that you can make an informed decision on how to proceed.
If you’re unfamiliar with what MLMs actually do:
They’re businesses in which you pay money to a company for the ability to sell their products.
Sometimes the products are actually kind of decent (I still remember my mom throwing Pampered Chef parties when I was younger).
Other times the products are really poorly made and come with a high price tag.
Typically, the only way to really make money is to get people (mostly friends & family) to sign up with you for a recurring subscription.
If the product is 100% legitimate & valuable, it’s entirely possible to get people to sign-up and continue paying you.
If the product is subpar, you’ll usually burn those bridges kinda quickly and end up with $0 coming in each month.
The biggest issue I’ve seen is that this puts significant stress on your personal relationships, as you’re reliant on selling to your “network.”
Think about it: if you KNEW that every time your friend Sally called, she’d be trying to sell you on one of her products… you’d eventually stop answering Sally’s calls.
Now, this doesn’t mean MLMs are outright bad… it means you need to know what type of MLM you’re getting yourself into before you sign up.
Again, some MLMs provide real value to people, but MOST don’t – and so in this article, I’m going to explore what the case is with Tradera.
But before that, I want to ask you a question: what if there was a way to build actual recurring, semi-passive income?
- Doesn’t have inventory
- Doesn’t make you sell to your friends & family
- Doesn’t force you to recruit people onto your “team”
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it?
If that sounds interesting, you might want to think about becoming a Digital Landlord.
If you wanna see what Tradera looks like on the inside, keep reading.
What Is Tradera?
Kody Sell and Eastan Harris started Tradera in December 2019 as a forex Multilevel Marketing Company (MLM). Students can study forex, cryptocurrencies, stocks, and commodities in Tradera’s academy. Forex education, trade alerts, market forecasts, live trading sessions, fundamental analysis, and a multilevel marketing referral program are also offered.
Kody Sell serves as CEO, and Eastan Harris serves as CFO. They are both forex traders who are 24 years old.
These two reportedly ran New Investments since 2015, but I couldn’t see any info online.
According to the “About Us” page on their Tradera.org website, the company is based in Dallas, Texas, where Eastan lives.
Tradera’s website advertises itself as a Financial Firm Specializing in Financial Services.
However, it appears that they did not pay much attention to their website. The design is terrible, unprofessional, and a total mess.
The comprehensive training platform takes traders from the fundamentals to advanced institutional trading and covers various asset types. In addition, members have access to a huge selection of educational videos, exams, and homework tasks related to the financial markets.
Tradera offers trade alerts from professional traders. There is also management information for each trade alert.
During the week, participants can participate in interactive trading webinars covering short-term biases and trade ideas across all major financial instruments. Live webinars are held during the New York, Asian, and London trading sessions.
All members receive weekly market forecasts. This is a recorded video of the company’s CEO or CFO discussing the week’s trading instruments using technical, fundamental, and subjective analysis.
Members receive weekly fundamental analysis. This includes current economic data and news affecting key asset classes.
Tradera reportedly arranges events to achieve its aims, vision, and mission. These events cover trade, leadership/marketing, networking, and volunteering. But this isn’t a product.
That’s all for the services/products that Tradera Forex offers. So, let’s learn how you can start making money with their compensation plan.
Tradera Compensation Plan
To become an affiliate, also known as an IBO (Independent Business Owner), you must pay a $15 charge every 28 days.
You must directly refer at least three people for the compensation plan to be profitable for you.
You will receive referrals for one of your three legs.
The IBO must have at least 55% of the people in their downline signed up as retail customers to be eligible for any level of Tradera’s referral bonus program. A member will not be recognized as a retail customer if they have an IBO package.
Your rank will determine your earnings. You must have a set number of persons in each of your three legs to qualify for the ranks.
- Founder – Keep three premium members active on three legs. This entitles you to a free membership.
- Knight – keep 4 active premium members on your first leg, 4 on your second leg, and 2 on your third leg. Pays $125 weekly.
- Noble – keep 10 active premium members on your first leg, 10 on your second leg, and 5 on your third leg. Pays $250 weekly.
- Bishop – keep 30 active premium members on your first leg, 30 on your second leg, and 15 on your third leg. Pays $500 weekly.
- Duke/Duchess – keep 100 active premium members on your first leg, 100 on your second leg, and 50 on your third leg. Pays $1,250 weekly.
- Prince/Princess – keep 200 active premium members on your first leg, 200 on your second leg, and 100 on your third leg. Pays $2,500 weekly.
- King/Queen – keep 400 active premium members on your first leg, 400 on your second leg, and 200 on your third leg. Pays $5,000 weekly.
- Emperor/Empress – keep 1,000 active premium members on your first leg, 1,000 on your second leg, and 500 on your third leg. Pays $12,500 weekly.
- Legend – keep 2,000 active premium members on your first leg, 2,000 on your second leg, and 1,000 on your third leg. Pays $25,000 weekly.
How Much Does It Cost To Join Tradera?
- Affiliate Membership – Every 28 days, it costs $15.
- Customer Membership – Every 28 days, the cost is $99.00.
Premium Membership – Every 28 days, the cost is $114.00. (including both affiliate and customer memberships)
How To Join Tradera And Start Making Money?
You must sign up as an affiliate member before you can start making money with Tradera.
There are two ways to join as an affiliate member.
However, becoming a customer and an affiliate member for the same package price is the best way to make money.
There will be special benefits for signing up as a customer and affiliate; the client membership price will be paid monthly.
You must maintain a monthly purchase on the Premium Membership to rank in the company.
The main way to advance in the company is to build a team, which is slightly different from most standard MLM companies.
Building a team includes helping your team by sponsoring three people. This way, their monthly membership fee is waived.
In addition, if they can get three people there within 28 days, they will receive a bonus of $150.
Each rank has three legs you must grow with more active affiliate members to advance.
Any Network Marketing company’s compensation plan includes building a team.
Here’s a compensation plan chart that shows how each rank qualification looks:
The referral compensation plan is one of the most interesting aspects of the company because it is both highly profitable and straightforward.
Tradera’s compensation plan doesn’t have all of the features of a traditional MLM compensation plan, but in my opinion, the loss of these extra commissions is made up for by how much the compensation plan pays out in commissions.
You must first recruit three members to receive referral commissions within 28 days.
3 And Free Bonus
When you complete these three steps, you will be eligible for Founder rank, your monthly payment will be waived, and you will get a $150 bonus. (This was a one-time freebie that is no longer available)
If you get your three personally recruited members after your initial 28 days, you will still be a founder, and your monthly membership will be free, but you will not receive the bonus.
The 3 and free is only available for the Founder rank. However, after you achieve the next rank, you will make more than enough to meet your monthly costs.
The residual commissions offered by Tradera are only available when you advance in rank.
Each level will provide you with a higher residual income, and the increase is significant.
Here’s what you’ll get based on your rank:
- Founder – You will receive a free monthly membership if you qualify for this rank.
- Night – You will receive a free monthly membership if you qualify for this rank.
- Knoble – You will earn $250 weekly if you qualify for this rank.
- Bishop – You will earn $500 weekly if you qualify for this rank.
- Duke/Duchess – You will earn $1250 per week if you qualify for this rank.
- Prince/Princess – You will earn $2500 weekly if you qualify for this rank.
- King/Queen – You will earn $5000 every week if you qualify for this rank.
- Emperor/Empress – You will earn $12500 every week if you qualify for this rank.
- Legend – You will earn $25000 every week if you qualify for this rank.
As seen in the products section above, Tradera offers forex education and signals to users, so you may begin learning how to trade in the forex market and earn even more money.
So, that’s all I’ve got for now on the Tradera opportunity’s money-making potential and compensation plan.
My Final Thoughts
Tradera is already dominating the forex trading market. All of this was accomplished despite having only been up for almost three years since it was established.
But, while Tradera is not a complete scam, it is a forex MLM that I don’t recommend.
Plus, there are certain things to consider before joining Tradera, such as that forex trading requires years of experience and comes with many risks.
Even professional forex traders also lose money.
Are There Alternatives To Tradera?
Yes, there are plenty of MLM companies to choose from if you want to pursue this business model. Here are just a few:
Is Tradera Legit Or A Scam?
So, time for the $1,000,000 question: is Tradera a scam?
No, not technically. They aren’t going to run off with your money and not give you what you paid for. It’s 100% possible to make money with this program.
That being said, it’s not nearly as simple as they want you to think it is.
There’s A LOT of work to be done upfront and no guarantee that you’ll be successful. The commissions are also fairly small.
Don’t get me wrong, I’m all for doing hard work now, so that I can reap the benefits later.
But if you’re going to work really hard for 3 months, and your reward is a $100 check… it’s not really a great opportunity.
If I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
Unlike MLMs, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2022?
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
I’ve also been on the other side of old friends trying to sell me their fancy new MLM products.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Ownership & Control: With MLMs, you don’t really “own” anything – everything belongs to the MLM.
If you read the contracts, they can kick you out or change your commission at any time (it’s happened recently in a few high-profile MLM cases).
Why pour your soul into a business that could be taken away from you at the drop of a dime?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
Big Margins: With MLMs, you’re often going to have really slim margins. That means you need to have a VERY large network to make serious money. This usually entails spending A LOT of money on ads and other methods for recruiting members.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with an MLM, you would need to sell twice as much inventory. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
You’re Helping REAL People: My biggest gripe with MLMs is that you’re likely going to ruin your personal relationships.
The MLM may have convinced you that you’re actually helping people, but it’s often not really true.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other MLM programs like Tradera, which might make you money 12 months from now.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.