Today, we’re going to discuss the top MLM FOREX Companies.
It has become a top way for investors to make profits. FOREX trading has become huge! And now, MLM has found its way into Forex trading.
What Is FOREX Trading?
The term FOREX stands for the foreign exchange market. To put it in easy terms, it is the rates of exchange of one currency to another. The American dollar with the Japanese yen, Australian dollar with the Euro, etc…
Exchange rates change on a consistent basis much like the stock market. But there are many differences like:
- It has the largest trading volume
- Forex is operating 24 hours per day, 7 days per week
- Exchange rates change for many various factors
Central banks are a huge factor in the FOREX markets as they are trying to control inflation, money supply and interest rates.
FOREX trading has been the object of many scams. Governments have made more rules and regulations regarding Forex trading and brokers, but you should always “dig in” to any broker you may be using to ensure you are treated fairly.
Multilevel marketing has now entered the world of FOREX trading. I found two MLM Companies that work in the realm of FOREX trading and I am going to tell you a bit about these companies.
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Here are the top MLM FOREX Companies…
Disclaimer: Neither I nor Online MLM Community is affiliated with any of these companies. This list is provided strictly for your education.
iMarketsLive was founded by CEO Christopher Terry and CFO Isis de la Torre. The company is headquartered in New York and also has an office in London.
The company is not a broker per say, but sells education in FOREX trading as well as tools to help you make accurate trades.
When a person joins iMarketsLive, they can use all the educational materials and tools and to make money, you do of course, use what you learn to make good FOREX trades. You can also recruit other members and earn commissions from their sign up fees.
iMarketsLive has had its share of negative feedback, but it seems that many of the independent business owners are happy.
The compensation plan is a 3 X 8 Matrix.
#2: Quest Markets
This is a fairly new Forex MLM Company started by Reza Mokhtarian who had failed with another company called Kaizan Global.
It is not clear where Quest Markets is headquartered.
When you sign up for $179.99, you receive
- Forex Mastery Course
- Forex Starter Pack
- Stocks For Beginners
- Market News
- Daily Trade Signals
- A Video Library
- Multiple Autotraders
- Master The Fundamentals
- Daily Educational Sessions
- Mobile App
- Macro Mastery Course
- Daily Trading Sessions
- Software Downloads
- and Daily Trade Analysis
Not only can you learn to earn through trading, but as you recruit others into Quest Markets, you will get commissions on their sign up.
I will not tell you whether you should take a chance with either of these MLM FOREX Companies.
I have seen both negative and positive responses about both.
As a person who writes for a major online investing website, I do suggest if you are planning on trading in FOREX, you do need to get educated about all the particulars. There is a lot of free education at investingonline.com.
I hope that helps you with any decisions you are trying to make. If you have any questions or feedback, feel free to comment below. Thank you.