Most people think that pyramid schemes are all illegal. That’s why when a program like EPIC Trading comes, many of them ask whether EPIC Trading is a pyramid scheme?
Not all pyramid or MLM schemes are illegal. MLM, Multi-Level Marketing or pyramid scheme is a strong marketing system. There are numerous companies that have been following this strong digital marketing strategy for decades. I have several examples: Transamerica, Primerica, Amway, Arbonne, Younique, Kyani, Rodan and Fields, Young Living Essential Oils, Jeunesse, DoTerra, Le-vel Thrive, Avon, GiraCoin, Herbelife, etc.
These companies have been working for decades without being prosecuted by FTC, while they are all pyramid schemes. They use this strong marketing strategy to sell their products, and there is nothing wrong with it. Therefore, not all pyramid or MLM schemes are illegal. This is the first thing I must emphasize in this article.
Now, let’s answer this question that whether EPIC Trading is a pyramid scheme, and should you join them or not. Please read this article to the end because I am going to share some information that no one else will share with you.
Is EPIC Trading a Pyramid Scheme?
Yes, it is. However, as I explained above, you should not run away from a company or program as soon as you learn that it is a pyramid scheme. In this article, I will explain why EPIC Trading is a good pyramid or MLM scheme, but still I don’t recommend you join it. And, I will explain why I joined this program, but I changed my mind and stopped promoting them.
Most people think that all pyramid or MLM schemes are illegal and risky, and so they should be avoided. This is not true at all. As you saw above, there are so many famous pyramid scheme companies that have been working for decades. Many of them have good BBB records and reviews.
When you have a good and demanding product, either digital or physical, you can build a pyramid scheme to sell your product. I mean you can have your own pyramid scheme when you have a good and demanding product. What I am trying to say is that pyramid or MLM schemes are nothing but some marketing methods and techniques. They are not illegal by nature.
Indeed, joining a legal and legitimate pyramid scheme is a great opportunity for those who want to establish a great source of passive income. Having a strong source of passive income is the best opportunity to enjoy your life. Why?
The reason is that when you build your team and reach some special levels in these kinds of programs, not only the money will keep coming, but also it will increase over time, without you having to work harder. It grows by itself when it reaches to a certain level.
I am sure you don’t want to work until you die. If so, then you must establish a business that makes money even while you sleep, and even when you stop working or slow down your work.
“If you don’t find a way to make money while you sleep, you will work until you die.” ― Warren Buffett
You cannot achieve this through a 9-5 job, or with a business that generates a fixed income and is always at the risk of getting kicked out of the game by strong companies and new competitors. Maybe you have a business, but if you look precisely, you will see that you are the salve of your business. Your business stops making money if you slow down or get sick and stay home for a short while. It means you are not going to get anywhere with the jobs or businesses like these if you don’t make a change and if you don’t establish a strong source of income that not only keeps making money, but also increases your income, even when you stop or slow down.
Only a business that has the capacity of generating passive income enables you to enjoy your life and not to work until you die. A healthy and legal pyramid scheme business has this capacity and ability. I explained why: When you build your team and reach it to a special level, it grows by itself and increases your income over time, even if you stop working.
EPIC Trading pyramid scheme is legal and legitimate and it complies USA and FTC rules, but it is not the program that enable you to achieve your financial dreams. It is not easy to make money with Epic Trading at all. It has an easy to understand compensation plan but it is too hard to make money with it. I will tell you why.
What Makes a Pyramid Scheme Illegal?
It is having no product that makes a pyramid scheme illegal. When there is no product, and members make money only through membership fees that their downline pay, the pyramid scheme becomes illegal. Therefore, there is a big question here that has to be answered in detail:
Is EPIC Trading Pyramid Scheme Legal or Illegal?
EPIC Trading pyramid scheme is legal because they have a product. EPIC Trading has a Forex trading online university. Many Forex traders sign up for EPIC Trading scholar package to have access to EPIC Trading’s Forex trading educational materials and also their Forex signals. Yes, EPIC Trading also offers Forex signals. It means those who want to trade currencies against each other to make profit, they can use EPIC Trading’s buy/sell signals.
When there is a product that many people buy it or sign up for it, just for the purpose of using the product, the pyramid scheme will be legal. However, when there is no product at all, or there is a product but it is not strong and good enough, and so people sign up just to refer and recruit to earn commissions, the pyramid scheme gets closer the illegal form.
Therefore, EPIC Trading pyramid scheme is not illegal because Forex traders sign up just to use their Forex trading educational materials and signals, and they don’t care about EPIC Trading’s referral compensation program. So, if you are Forex trader, you can sign up and use their signals. But you will have a terribly hard time to make money with their compensation plan.
Some others who join EPIC Trading because they want to do both. I mean, they not only want to use the EPIC Trading’s educational content and signals, but also they want to refer others to EPIC Trading to earn commissions.
And of course there are so many who don’t care about Forex trading and they are not Forex traders, and they join EPIC Trading just to build their teams to earn commissions and passive income, which is a so hard to achieve.
As I mentioned above, I have been working online since 2002. I am so hesitant in joining affiliate systems because many of them are scams and they cheat their affiliates. When EPIC Trading was introduced to me by my friend, and I saw EPIC Trading’s compensation plan and its outstanding potential in making passive income; and the CEO of EPIC Trading, Mr. Spencer Iverson talked to me in person and assured me that their system is the best and safest, I signed up right away. But several things happened in the past few months that made me stop working with Epic Trading.
EPIC Trading Pyramid Scheme Forex Market Analysis and Signals
I am also a trader and I know the value of strong market analysis and Forex trading signals. I followed EPIC Trading and I admit that their signals have a relatively good and reasonable success rate. But the point is, when you can make money much easier that using signals and risking your money in Forex market, why should you join a program and pay $135 per month for their signals?
They say over 95% of Forex traders always lose. But my experience shows that this number should be something around 99%. I have seen so many traders who have been losing for years? Becoming a consistently profitable Forex trader is not that easy. People did their best to become consistently profitable traders. But now they don’t have to, because there are some other great options that make a lot more money, much easier than trading or using the EPIC Trading signals. Maybe it is time to say “bye” to making money through Forex trading and trying to master the trading techniques and to become consistently profitable Forex traders.
You don’t have to join EPIC Trading to learn how to analyze Forex market to locate trade setups according to the trading strategy that EPIC Trading follows. You don’t have to trade the EPIC Trading signals to make money and letting them to educate you. There are other priceless opportunities that you won’t need EPIC Trading anymore. You don’t have to be among the 99% Forex traders who are learning and trying to become consistently profitable. You can lose a lot of money and waste loads of time until they achieve this goal, if you achieve it at all. It may never happen for most novice traders.
There are so many other websites, companies, brokers, Forex MLM programs like EPIC Trading. I have been monitoring some of them for years. You can only lose money with them. But EPIC Trading is better than them, but still it is not your best choice. It looks revolutionary in Forex trading because they provide signals on a daily basis, which is a big dream for most traders, but most of my members say they haven’t been able to make money with their signals.
Epic Scholar Membership is the EPIC Trading’s main product, that offers Forex trading related materials on EPIC Forex Education Platform:
- Epic University
- Epic Trade Alerts
- Live Trading Sessions
- Fundamental Analysis
- Market Forecasts
- Member Support
Whether EPIC Trading pyramid scheme is the legal and legitimate form of a pyramid scheme or not, it is not the best thing you can do for your life by paying $135 per month and making nothing.
Their pyramid scheme is related to their referral compensation plan and it has nothing to do with their Epic Scholar program. But as they offer this product, it makes them a legal pyramid scheme. But can you make money with them? No! Please keep reading. I will explain why.
How EPIC Trading Pyramid Scheme Works
EPIC Trading’s compensation plan make it different from all other pyramid schemes. But who cares when it doesn’t make money for you and me?
1. If you are a Forex trader, you don’t care about earning commissions through EPIC Trading compensation plan, and you just want to use their Forex related material and signals, then you can sign up for Epic Scholar for $134.99/month to have access to EPIC Forex Education Platform. But if you ask me whether you should do it, my answer would be no. It is not worth doing it. They wasted lots of time and money from us.
2. If you are a Forex trader who also cares about earning commissions through EPIC Trading compensation plan, first you should sign up for Epic Scholar for $134.99/month as well. Then, you need to refer three people to sign up for Epic Scholar, which is not east because they also should pay $134.99 per month. Once you recruit your three personal referrals, your $134.99 Epic Scholar monthly fee will be waived, while you still have access to EPIC Forex Education Platform.
Then, you should sign up for an IBO or Independent Business Owner account for $14.99 per month to become eligible to earn commissions based on the EPIC Trading pyramid scheme’s compensation plan. But the problem is, if any of your three personal members quit, you will lose your IBO position and you will have to pay $134.99 per month again. And, most members will quit after 1-2 months because they cannot make money with Epic Trading and paying $134.99 per month will be a waste of money for them.
3. If you are not a Forex trader and you just want to generate passive income through the EPIC Trading’s compensation plan, then you should also (1) sign up for Epic Scholar account for $134.99/m, (2) recruit three personal referrals and (3) sign up for an IBO account.
4. When you become eligible to sign up for an IBO account, you can recruit more members to grow your team. Most people fail to do it because it is too hard to recruit members who must pay $134.99 per month.
How Much Money Will You Make With EPIC Trading Pyramid Scheme?
When you have 12 team members while 3 of them are your direct personal referrals, while the balance requirement is 5/5/2, then you will make $600 per month. Your income goes higher when you have more members in your team. It can reach up to $1,000,000 per month or even more, according to the EPIC Trading’s compensation plan (below).
But the question is, can you have for example 250 active members who pay $134.99 per month to make you $5,000 per month?
This is not everybody’s bread and butter. Most of our members quitted after a few months because they came to this conclusion that paying $1134.99 per month and making no money is stupid.
A Big Problem: I Cannot Refer Anybody!
If you want to make money based on the referral compensation plans of pyramid or MLM programs, you must recruit people and grow your team. In case of EPIC Trading pyramid scheme, the members you recruit must pay $134.99 per month, otherwise you won’t get paid. If you like to earn commissions based on the EPIC Trading’s referral compensation program, you must build your team. As I explained above, you start with making $600 per month when you have 12 members in your team, and your payment increases when you grow your team. For example, you will make $20,000 per month when you have 1,000 members in your team. But the big obstacle to achieve this is that it is too hard to recruit members who must pay $134.99 per month.
Now the question is, how can you recruit and grow your team?
Most people are not able to do this. Referring and recruiting needs digital marketing experience and knowledge that most people don’t have. Therefore, they cannot make money with EPIC Trading pyramid scheme. So what is the solution?
The solution is in a program that everybody can make money with, without having to refer and recruit, and without having to trade.
For 99.99% of people, it is now impossible to make money with EPIC Trading pyramid scheme, because they increased their monthly fee from $99 to $134.99 which has made it much harder to recruit members. On the other hand, they now accept bitcoin only, to stay away from the members’ chargebacks. But most people cannot pay with bitcoin.
EPIC Trading pyramid scheme is the legal and legitimate form of a pyramid or MLM program. But it won’t make money for you and most other people. You either have to risk your capital and trade Forex, or recruit members and grow your team, or both, which is what you cannot do most probably. Click Here to learn about the program that everybody can make money with.