Forex Entourage is a multi-level marketing (MLM) company that offers forex trading education and signals to its members. The company’s primary objective is to help its members become successful forex traders, but it also offers a compensation plan for members who refer others to the program. In this article, we will take a closer look at who makes money with Forex Entourage.
1. Forex Entourage Founders
The founders of Forex Entourage, Paul McCarthy and Zachary D. Smith, are undoubtedly the ones who make the most money from the company. They are the brains behind the program and receive a percentage of the revenue generated by the company. As with most MLM companies, the founders usually make the most money because they are the ones who created the system.
2. Forex Entourage Members
Forex Entourage members can make money in two ways. The first is by becoming successful forex traders using the education and signals provided by the company. The second is by recruiting others to join the program and earning commissions on their sales.
Forex Entourage members can earn commissions on their downline’s sales up to ten levels deep. The commission structure is based on a binary compensation plan, which means that members need to balance their downline sales on both sides to maximize their earning potential.
As a member of Forex Entourage, you are required to purchase a membership package to gain access to the company’s products and compensation plan. The membership packages range from $99 to $1,000, with higher-priced packages offering more education and signals.
3. Forex Brokers
Forex brokers are another group of people who make money with Forex Entourage. Forex brokers are the intermediaries between the trader and the forex market. When a trader places a trade, the broker earns a commission on the trade.
Forex Entourage members are encouraged to use specific brokers recommended by the company. These brokers pay a commission to Forex Entourage for each trade placed by its members. This commission is then shared with the members who placed the trades, giving them an additional source of income.
4. Forex Signal Providers
Forex signal providers are another group of people who make money with Forex Entourage. Forex signals are trading recommendations that suggest when to buy or sell a particular currency pair. Forex Entourage provides its members with forex signals, but the company also partners with other signal providers to offer a more comprehensive service.
Forex signal providers earn money by charging a fee for their services. Forex Entourage members who use these signals pay a fee to the signal provider, and the provider shares a portion of this fee with Forex Entourage.
Conclusion
In conclusion, Forex Entourage offers a unique opportunity for its members to make money through forex trading education, signals, and a compensation plan for referring others to the program. The company’s founders, members, brokers, and signal providers all make money through the program. However, it is important to remember that forex trading is a high-risk activity, and success is not guaranteed. Therefore, it is essential to do your due diligence before investing in any MLM or forex trading program.
