Mirror Trading International is a forex company that promises Bitcoin returns on investments..
If you're here you're probably wondering if this company is a scam or not.
That's what this review will answer.
Below you're going to find everything you need to know about Mirror Trading International including background information, price to join, compensation plan breakdown and more.
You'll know if this company is right for you by the time you're done reading.
Let's get into it!
Mirror Trading International Summary
Company: Mirror Trading International
Business model: Forex, MLM
Price to join: $100 to $10,000
Overall rating : 0 / 5
Mirror Trading is a multi-level marketing (MLM) opportunity in the forex niche.
There's a lot to not like here..
This company isn't properly registered which means it's operating illegally. There's pyramid scheme recruiting and no proof of returns as well.
This is a company you will definitely want to avoid.
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Mirror Trading International
1) What is Mirror International Trading? Mirror Trading International is a MLM that focuses on Forex. They use Bitcoin to payout members and claim you don't have to do anything to earn a return - everything is passive and done for you.
The company is based out of South Africa and the founder is named Johan Steynberg.
2) How do you make money here? There's two primary ways you make money with Mirror Trading International.
The first way is to invest money to get a return in Bitcoin.
The second way is to recruit people into the system and build your downline - you earn a percentage of the money invested by the people below you.
3) Are there any red flags? Oh yeah..
The biggest red flag is that this company isn't registered to offer a passive investment opportunity in any country. This means it's operating illegally and breaking security laws.
You can get in trouble promoting this company because of that.
The reason they're not registered is they'd have to prove their members are actually earning money from their passive investment which isn't happening.
Additionally, there's no real product or service here to promote besides a membership. This means this is also a pyramid scheme (again illegal). I'll explain more about this in the next section.
Is Mirror Trading International A Pyramid Scheme?
Not every MLM is a pyramid scheme but this one is.
To understand why look at the picture below:
There's a few ways this can happen and it's happening at Mirror Trading International because there's no product to sell.
The only thing you can promote is a membership itself.
This is illegal in just about every country on earth and it's not sustainable either - it's guaranteed to fail.
Is Mirror Trading International A Ponzi Scheme?
The reason for this is Mirror Trading International is misleading investors about the source of the company's revenue.
They claim to give you automated returns without you doing anything - this makes it a security offering which needs to be registered in any country this company is promoted (it's not registered).
This is because Mirror Trading International isn't really getting returns from trading Forex.
Most, if not all, of the revenue Mirror Trading International comes from recruitment and new investment, making it a ponzi scheme.
Once new investment and recruitment slows down (which it inevitably will) the company won't have enough to pay out everyone.
Ponzi schemes are illegal because of this.
The company will collapse in the near future and most people will lose money.
How Much To Join Mirror Trading International?
The minimum investment to join Mirror Trading International is $100.
However, the more you invest the more you get from the compensation plan (you earn more from your downline when you invest more).
$10,000 gets you complete access to the entire compensation plan.
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Mirror Trading International Compensation Plan
The Mirror Trading International compensation plan is pretty simple to understand.
Here's a breakdown of exactly how you make money with them:
Whenever you personally recruit someone into the company you get a 10% commission on whatever they invest.
Residual commissions is the money you earn from your downline. The payout structure is binary and looks like the following:
How much you make and how far you earn from depends on how many people you recruit, your recruit's recruit and how much you invest (the more you invest the further down your downline you earn from).
Here's what you get depending on your investment:
- Invest $200 to $999 earn 10 levels down.
- Invest $1000 to $4999 earn 20 levels down.
- Invest $5000 to $9999 earn 30 levels down.
- $10,000+ earn from unlimited levels down.
Mirror Trading International sets aside 20% of company wide revenue and then your commissions are based on amount of people recruited/invested by your downline from that 20%.
Mirror Trading International Pros And Cons
Here's what I like and dislike about Mirror Trading International
There's nothing I like here.
Is Mirror Trading International A Scam?
Everything about this company is a scam.
It's not registered to sell securities, there's pyramid recruiting without a product and there's clearly a misrepresentation of their investments.
At the end of the day Mirror Trading International isn't designed to last - it's guaranteed to fail.
Ponzi schemes and pyramid schemes always collapse and more people lose money than make money every single time.
Once a ponzi collapses it's almost impossible to get your money back.
DON'T JOIN MIRROR TRADING INTERNATIONAL!
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Mirror Trading International is a really bad opportunity and you should avoid it.
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