The foreign exchange market, also known as forex, is a vast and complex industry that allows investors to trade currencies from all around the world. With an average daily trading volume of over $5 trillion, forex is the largest financial market in the world, making it attractive to investors and traders alike.
As a result, many companies have emerged in recent years that offer forex trading services, including Multi-Level Marketing (MLM) companies. MLM companies offer individuals the opportunity to earn commissions by recruiting new members into the network or by selling products.
In this comprehensive guide, we will explore the top forex MLM companies to join in 2021. We will examine each company’s history, products, compensation plans, and other important aspects to help you make an informed decision.
1. iMarketsLive
iMarketsLive is one of the most popular forex MLM companies, founded by Christopher Terry in 2013. The company provides education and training services to traders and investors, including live webinars, trading signals, and market analysis. The company’s flagship product is the Harmonic Scanner, a tool that helps traders identify potential trading opportunities.
iMarketsLive’s compensation plan is based on a binary structure, where members earn commissions based on the sales volume of their weaker leg. Members can also earn bonuses for recruiting new members into the network and achieving certain sales milestones. The company offers multiple membership levels, with the highest level providing access to additional tools and services.
2. Tradera
Tradera is a forex MLM company that offers education, training, and trading services to its members. The company was founded by Kody Sell in 2019 and has quickly gained popularity within the forex industry. Tradera’s products include live trading sessions, market analysis, and a proprietary trading platform.
Tradera’s compensation plan is based on a unilevel structure, where members earn commissions based on the sales volume of their downline. Members can also earn bonuses for recruiting new members into the network and achieving certain sales milestones. The company offers multiple membership levels, with the highest level providing access to additional tools and services.
3. FX Trading Corp
FX Trading Corp is a forex MLM company founded by Young Min Oh in 2018. The company provides education, training, and trading services to its members, including access to a proprietary trading algorithm. FX Trading Corp’s products also include a mobile app that allows members to track their trades and earnings.
FX Trading Corp’s compensation plan is based on a binary structure, where members earn commissions based on the sales volume of their weaker leg. Members can also earn bonuses for recruiting new members into the network and achieving certain sales milestones. The company offers multiple membership levels, with the highest level providing access to additional tools and services.
4. Global Wealth Trade
Global Wealth Trade is a forex MLM company founded by Ramin Mesgarlou in 2005. The company offers luxury fashion products, including jewelry, handbags, and watches, as well as education and training services related to forex trading. Global Wealth Trade’s products are sold through a network of independent distributors.
Global Wealth Trade’s compensation plan is based on a binary structure, where members earn commissions based on the sales volume of their weaker leg. Members can also earn bonuses for recruiting new members into the network and achieving certain sales milestones. The company offers multiple membership levels, with the highest level providing access to additional tools and services.
5. Wealth Generators
Wealth Generators is a forex MLM company founded by Ryan Smith and Annette Raynor in 2013. The company provides education, training, and trading services to its members, including access to a proprietary trading tool called the Market Analyzer. Wealth Generators’ products also include a mobile app that allows members to track their trades and earnings.
Wealth Generators’ compensation plan is based on a binary structure, where members earn commissions based on the sales volume of their weaker leg. Members can also earn bonuses for recruiting new members into the network and achieving certain sales milestones. The company offers multiple membership levels, with the highest level providing access to additional tools and services.
Conclusion
In conclusion, forex MLM companies offer investors and traders the opportunity to earn commissions through a network of independent distributors. Each of the companies listed above provides education, training, and trading services related to forex, with different compensation plans and membership levels.
Before joining any forex MLM company, it is important to do your research and understand the risks involved in forex trading. It is also important to evaluate each company’s products, compensation plan, and support system to determine if it is the right fit for you.
Remember, success in forex trading and MLM requires hard work, dedication, and persistence. With the right mindset and support system, you can achieve your financial goals and build a successful career in the forex industry.
