Tradera provides no information about who owns or runs the company on their website.

Tradera’s website domain (“tradera.org”) was registered with incomplete details on August 22nd, 2019.

A PO Box address in Texas is provided on Tradera’s website, however for obvious reasons this is meaningless.

If you’re wondering about the “.org” domain, it’s because Tradera is a major ecommerce portal is Sweden.

Tradera the MLM opportunity has nothing to do with Tradera Sweden.

 

Update 15th November 2020 – Since publication of this review Tradera has updated their website with company ownership information.

As per Tradera’s website, the company was co-founded by Kody Sell (CEO) and Eastan Harris (CFO).

Other than their respective names, Tradera doesn’t provide any information about either Sell or Harris on its website.

I went looking myself but, outside of Tradera marketing material, came up blank.

Sell and Harris seem to be actual people however the lack of information outside of Tradera marketing is concerning.

I have a feeling pseudonym’s are being used, which is almost as big a red flag as failing to provide corporate information to begin with. /end update

 

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Tradera’s Products

Tradera markets a forex training subscription service.

Tradera client subscribers are provided access to

  • an education platform
  • trade alerts
  • market forecasts
  • live sessions
  • fundamental analysis and
  • volunteer and corporate events

Tradera’s client membership costs $99 every 28 days.

Tradera’s Compensation Plan

Tradera pays commissions on the sale of Client subscriptions to retail customers and recruited affiliates.

Note that to qualify for commissions, a Tradera affiliate must sell and maintain three Client subscriptions.

At any given time 55% of a Tradera’s Client subscription volume must be sourced from retail customers (non-affiliates).

Tradera pays commissions based on rank, of which there are nine:

  • Founder – sell and maintain three Client subscriptions and have at least three Client subscriptions across your downline
  • Knight – maintain three personal referred Client subscriptions and have at least ten Client subscriptions across your downline (split 4:4:2)
  • Noble – maintain three personal referred Client subscriptions and have at least twenty-five Client subscriptions across your downline (split 10:10:5)
  • Bishop – maintain three personal referred Client subscriptions and have at least seventy-five Client subscriptions across your downline (split 30:30:15)
  • Duke/Duchess – maintain three personal referred Client subscriptions and have at least two hundred and fifty Client subscriptions across your downline (split 100:100:50)
  • Prince/Princess – maintain three personal referred Client subscriptions and have at least five hundred Client subscriptions across your downline (split 200:200:100)
  • King/Queen – maintain three personal referred Client subscriptions and have at least one thousand Client subscriptions across your downline (split 400:400:200)
  • Emperor/Empress – maintain three personal referred Client subscriptions and have at least two thousand five hundred Client subscriptions across your downline (split 1000:1000:500)
  • Legend – maintain three personal referred Client subscriptions and have at least five thousand Client subscriptions across your downline (split 2000:2000:1000)

Note that split numbers are minimum unilevel leg amounts.

E.g. Kings and Queens must have a minimum 400/400/200 Client subscription amount across three unilevel legs.

If these minimum requirements aren’t met it’s possible for a Tradera affiliate to meet downline Client subscription requirements but still not rank qualify.

Commissions are paid weekly, based on the above rank qualification criteria:

  • Founders don’t receive a commission but do have their Client subscription fee waived
  • Knights receive $125 a week
  • Nobles receive $250 a week
  • Bishops receive $500 a week
  • Dukes and Duchesses receive $1250 a week
  • Princes and Princesses receive $2500 a week
  • Kings and Queens receive $5000 a week
  • Emperors and Empresses receive $12,500 a week
  • Legends receive $25,000 a week

Joining Tradera

Tradera affiliate membership is $15 every 28 days.

Purchase of the $99 client subscription appears to be optional.

Founder ranked affiliates do receive a free Client subscription, however this offer expires when they rank up.

Conclusion

Tradera markets itself as a “financial firm specializing in financial services”. These services pertain to forex trading education and advice.

The first thing I look for when I see an MLM forex opportunity is a passive investment opportunity.

As far as I can tell, Tradera does not do any trading on behalf of its Client subscribers.

Tradera does not directly manage client funds or provide professional investment advice to clients.

You sign up, they give you a bunch of materials you can go over and you basically get signals and forecasts.

Where Tradera does fall short is disclosure.

Who’s running Tradera? Who’s providing trading advice? Who’s doing the forecasts?

Failing to provide consumers with these disclosures information may attract the attention of the FTC.

Attempts to keep Tradera within compliance have been made, with the 55% retail Client subscription commission qualification standing out.

Thus I’m confused why the owners have decided to fail on making required disclosures to consumers.

What Tradera ultimately comes down to is whether paying $99 every 28 days is profitable.

Suggesting it isn’t, is Tradera’s three-day refund policy.

Tradera offers a three-day, satisfaction guarantee on all initial fees paid to the company. All subsequent fees are nonrefundable.

You aren’t going to make back your $99 in three days, and extrapolating three days of forex signals to twenty-eight days is silly.

So what’s the point?

By the time you’ve worked out whether or not Tradera’s signals are actually worth anything, you’re not getting a refund either way.

The counter to this could be the education library but let’s be honest, nobody is paying $99 a month for “trading education”.

You sign up, pay your fee, Tradera feeds you signals and you profit. That’s what’s being sold here.

If Tradera wanted to stand by their income opportunity, they could either increase the refund period or offer signals for free (trial membership).

Give people a taste of the trade alerts for two weeks or even a month. If they’re profitable, why wouldn’t they sign up for $99?

Touching back on Tradera’s disclosure failures, in addition to regulatory compliance, this is important because if things go south – someone needs to be held accountable.

Considering how quickly an MLM forex signals opportunity can go south, accountability is important.

You’re certainly not going to get any answers from a rented PO Box in Texas.

On that basis alone I’d be weary of signing up to Tradera. If you’re hell-bent on it though, definitely try the retail Client subscription for 28 days first.

Alternatively if someone has pitched you Tradera, ask for proof the company’s signals have turned a profit over the past twenty-eight days.

If they can’t provide you with that, approach with caution.

 

Update 21st December 2020 – Tradera sent out an email earlier today advising affiliates the company was shutting own.

Turns out there’s more to the story than Tradera let on.