Tradera Review: Scam or Legit Trading MLM?

By John Cruz

Last Updated:

Welcome to probably the only Tradera review from someone who isn’t trying to get you to join or tell you that something is better.

Nope, that’s not what an honest review looks like, and it’s not a legit way to talk about a company.

But, whatever.

I want to give you the facts on Tradera so that YOU can make a wiser decision on your own.

Not because your buddy on Facebook, (that you’ve never talked to in the past five years) finally contacted you about some kind of opportunity.

Not to say hi or see how you’re doing, but to see if you wanted to make money from home.

Yup, that’s usually how the promotions go with most money-making opportunities, and that’s just how it is.

So before you think they’re some kind of knight in shining pajamas that wants what’s best for you, let me show you why they would even introduce you to something like Tradera.

My History With Sites Like Tradera

For the record, I have been a part of sites like Tradera for over seven years now.

So yes, I know EXACTLY how they work.

I’m not making stuff up, and I’m not guessing, either.

Take the info I’m about to give you and use it to your advantage because not many get such a presentation.

Do know that I will be a bit blunt, and that’s because I’m not the biggest fan of coating anything with that sweet, yummy stuff we call sugar.

Hey, we should call a spade a spade, right?

Well, that’s what I’m going to do, and that’s what this Tradera review will be about.

Tradera Review – Product Overview


Name: Tradera

Owners: Kody Sell & Eastan Harris


Price: $99/month (training) or $15/month (referral program)

Overall Rating: 2.5/5 stars

I give Tradera 2.5 out of 5 stars. Not because they are legit or because it works, but because the site is kind of complicated.

They can pay, they might not, and the overall business model is not something we can write off as legit or even say that it is a scam.

With such confusion, that is why I have put together this Tradera review.

What is Tradera?

Tradera is a network marketing company that offers an educational platform for anyone interested in trading.

This platform will help you learn what is needed to succeed in trading in the Foreign Exchange market or with cryptocurrency.

According to their website, they do plan to offer education on commodities, indices, and even stocks soon.

For now, it’s just the forex and cryptocurrency.

They also offer market forecasts, trade alerts, and live events that you can be a part of.

Founded by Kody Sell and Eastan Harris, Tradera got its start in late 2019.

Since then, the company has been spreading throughout the world, thanks to the fact that you can promote Tradera as an Individual Business Owner (IBO).

The company has many mixed reviews, and that’s just what comes with the territory.

Some can say they are doing great and learning a lot, but what do you expect after spending $99 in hopes that you can make an excellent ROI.

I have yet to see any statistics or anyone doing nothing but trading with Tradera.

The Products


As mentioned earlier, Tradera offers an educational platform, which is excellent if you are profiting from what you learn.

With almost every trading-based network marketing company, the signals are usually just as good as the flip of a coin.

1 Click Trading System follows the same network marketing format, but they offer its signals in the form of an app.

But what better way to offer a product with a network marketing business model attached to it?

Well, that’s what most people do these days, and it’s simple.

Allow me to explain.

We all know that in the world of business, there are several legal requirements, whether it be the physical or the digital world.

But let’s not get into any technical craziness, and let’s stick with the basics.

With business, you are going to need one of two things.

You either need a product or a service.

Or both.

Without either one, well, you’re not running a legit business.

You are running a Ponzi, a scam, or a pyramid scheme operating on its member’s money.

That’s usually the case with revenue-sharing programs like Cash FX Group that utilize the same “products” that Tradera has to offer.

A Little Revshare History

Revenue sharing (revshares) or HYIPs in the world of making money through recruiting have come a long way.

The idea is to offer some kind of ROI just for joining the company.

But like I mentioned, there needs to be some kind of product.

Having one allows a company to look legit, stay out of the FTC’s radar, and for others to believe they’re making a quality investment.

With that, sites like My Paying Ads and Traffic Monsoon started HYIPs using advertising as their product.

Then the FTC came in and slammed Traffic Monsoon, which claimed they were a Ponzi that scammed its members of $207 million.

Once that happened, HYIPs had to evolve, which is what they did.

They turned to the hype of cryptocurrency, and that’s when sites like USI-Tech hit the scene and promoted HYIPs as a trading type of platform.

Of course, that got slammed, and the HYIPsters had to find another route.

That’s what led to what we now have with Tradera, which uses “trading education” as its product.

This time though, they decided to leave out the “we’ll trade for you” portion, which makes things a bit different.

How Tradera Works


When it comes to high-yield investment programs, only one thing can keep them afloat.

Can you guess what that is?

It’s the funds of its members and, most notably, newer ones.

That only complicates things, especially when the numbers are heading well into the millions.

So what Tradera has done is they’ve put everything into a multilevel marketing format.

Doing so means you will get paid for the people you get to join.

You get paid from them, as well as the people that they recruit.

Other HYIPsters have tried doing this in the past, but with a mediocre product, their ship sunk faster than when they started.

But what makes Tradera such a hot program is its generous compensation plan, which is where all the craziness happens.

Regardless of what their training can do for you regarding trading, this is why you see all the massive promotions.

The Tradera Compensation Plan


This part of this Tradera review is where you’ll see why everyone and their mothers are promoting Tradera.

The compensation plan is the meat and taters of Tradera.

Everyone and their mothers promote Tradera for this specific reason.

But first, let’s go over the cost.

There are two different price points if you are planning to join Tradera.

It will cost you $99/month to get access to their training.

Now, if you want to participate in the Tradera compensation plan, you need to fork out $15 every month.

You can pay for one, or you can pay for both.

The Tradera compensation plan gets a bit technical, so you can learn more here.

But in a nutshell, let me explain the basics.

Tradera uses a rank style structure, that allows you to earn based on your specific rank, just like you see in the image above.

You will need a minimum of 3 active personal client referrals to make any kind of money.

That means you must go and tell others about Tradera, and they need to pay the $99 monthly fee.

Then you will need to create some group volume, which will also contribute to whatever rank you might be.

Now, if you qualify for the first rank of “founder,” you can also get your membership waived.

From there, you will work your way up the ranks by doing more recruiting and helping those recruits get others to join.

Every Sunday, your rankings will be calculated.

And depending on your qualifications, you will advance in rank.

Hit the “Legend” rank, and you can make more in a month than most people make in a year.

What I Like About Tradera


I’m not a huge fan of MLM, but I dip my toes into one every now and then.

I’ve joined companies like Melaleuca, Kyani, and several others.

It’s either I get backed up with products, or the company finds a way to disappear completely.

This uncertainty is the same reason why I’d rather do affiliate marketing instead.

However, I am always open to different things IF I find something that can grab my attention.

With Tradera, it was their compensation plan.

I have heard about and seen many of them in my life, and not a single one of them made me budge.

They all say things like “there’s no comp plan like it” or “no recruiting necessary thanks to spillover.”

Everyone makes a claim, but NONE has ever pulled through.

You join, and nothing.

Not a single person gets put under you, and you eventually stop your monthly payment.

You then try looking for something better, which probably leads to another dead end.

With Tradera, there is one specific thing that did get me interested.

The whole “only three wide” thing was quite impressive.

This little tweak allows those that aren’t into recruiting to get recruits from those that have reached their 3.

This whole three deal helps everyone grow and why group volume is also significant.

The $99 price tag might seem steep, but when you start earning, that thought might change.

What I Didn’t Like


Notice how I said nothing good about the Tradera products?

Well, that’s where the cons come in.

Sure the Tradera comp plan is sweet and all, but that does not mean everything is perfect.

With sites like this, you still have to worry about the legal side of things.

Is there a legit product or service here?

Is recruiting the main promotion behind this company?

Can the training help you profit with trading, or is it there to provide a product?

It’s things like that that make things complicated.

You can make a million dollars doing anything, but if it’s not legit, then what good is it?

Is it worth getting others to join?

Are people using the so-called product inside Tradera?

These things turn me off with Tradera, and the answers to these questions are the same reason I’m very hesitant even to say that this is legit.

Tradera Review – The Final Verdict


Tradera is not a scam but is definitely fiddling in Ponzi territory.

It’s not the best route to take if you want to start a home-based business, so please join at your own risk.

I’m sure you are excited to try things out, as many teams are promoting this stuff.

But before joining any teams or thinking you have found your golden ticket to financial freedom, please do lots of thinking.

Do you have the $100 to fork out every single month?

Are you going to recruit others like you NEED to?

Everything sounds great, but trust me, the same statistics of failed MLM-ers still apply.

I hope this Tradera review has given you all the necessary information.

If you have any questions or you simply want to add your two cents, you can do so in the comments section below.

And if you found this article to be helpful, please like and share it with others so they too can benefit.

Don’t forget to subscribe to Underpaids if you want future updates from us.

Thanks for reading and happy trading.

Up next: 25 Best Ways to Make Money From Home


Tradera can make you money but it’s definitely going to be a risk. Recruiting is not required but without newer members, means no one will make money.


6 thoughts on “Tradera Review: Scam or Legit Trading MLM?”

  1. Tradera is definitely NOT a scam, I may sound biased but as a trader of over 10 years in the forex market and I literally am not a fan of recruiting only businesses. I was nervous about Tradera at first but once I joined and I saw people genuinely interested in truly learning forex and telling their friends about Forex not Tradera and that is how it should be. As long as we remain true to that, then I will remain with the company. I personally haven’t seen anything that screams Scam. They are a legit company….so far! hahaha

    • Why do you say that they aren’t a scam Bishop? Because they’re paying? I don’t think they are a scam myself but what are your thoughts on the legitimacy of the business model?


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