Welcome to my My Passive Trades review.
One of the questions that we are going to answer here today is if My Passive Trades is a scam or not with the information we find about what the company offers and how they run it.
We wouldn’t want to join a company that gets shut down a few months down the road due to bad business decisions or non-compliance issues.
We are going to take the time to research and review the information about the company, the products, and the compensation plan to see how everything works and if they are running a legitimate business.
We have decided to look at this opportunity due to the social interest that we started to see with this company.
With that said, let’s dig in and see what we can learn about it.
My Passive Trades Review – What Is It?
My Passive Trades is an online opportunity that you can join as an affiliate member and make money by the opportunity that the company offers.
The business model offers an MLM structured compensation plan with a combination of a promised ROI for your investment.
This is one of those companies that claim that you don’t have to sponsor anyone to make money.
The niche I would consider this program to be in would be the generic business opportunity niche.
One of the things that we like to see with all MLM companies is who owns and or runs the program.
This gives you and I the opportunity to take the time to research into the background and experience of the owner to get a better judge on their track record and who we are joining.
This is not a final determination on whether a program will be successful but it gives us the ability to know if the owner is following the same patterns as before whether good or bad.
With that said, it looks like Darren Bradbury is “one of the owners of Polaris Universal which is the company that owns My Passive Trades.
We did find some background on Darren with a few programs that he was either a co-owner of or an affiliate member of.
Here is a list of some of the companies that he was involved with in the past:
- Power House Feeder
- My 24 Hour Income
- My Ad Story
- Leased Ad Space
These companies are more of a traditional MLM structure aside from a few that were profit share opportunities.
But as of recent, Darren has been more involved with cryptocurrency MLM and RevShare opportunities that include Powerhouse Mining and Powerhouse Revshare.
There was a Chatabox launch that Bradley was in the process of doing but instead, I guess decided to pull 60% of the profits from it and put it towards My Passive Trades in the form of Ethereum for passive profits.
The company is incorporated out of the UK on 1-25-2018.
The domain name company section has the listed owner as Polaris Universal LTD.
Polaris Universal LTD lists the following as their main officers:
- Darren Bradbury as mentioned previously
- Lidija Ikasovic
- Eldon Conceicao
- Ahmed Nabil Amrani
That is all of the information that we have found on the company and who is behind it, let’s move on to the next section.
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What Products Does My Passive Trades Offer?
In this section of the review, we are going to take a look at the products that My Passive Trades offer.
When you are running an MLM company, it is required to offer retail products to be in compliance.
A retail product is simply a product that can be sold to a customer without needing to join or become an affiliate member.
In the case of My Passive Trades, they offer no retail products that we were able to locate on the website.
If you want to participate in the company’s opportunity, you will need to make an investment.
Once you make the required investment, you will be given advertising credits that you can use to advertise any website through your back office to other members only.
The program also offers an education platform in currency trading called their “trading school” once you join.
That is all of the information that we have about the products that My Passive Trades offers.
Another great review: MyCoin24 Review – Scam or Legit? Compensation Plan Exposed
How Does The My Passive Trades Compensation Plan Work?
In this section of the review, we are going to share the information on how the compensation plan works, and how you can make money with My Passive Trades.
There are mainly only 2 ways that you can make money with the opportunity that the company provides which is:
- ROI Commissions
- Recruiting Commissions (MLM)
The first thing you must do to participate in any commissions that you can earn with My Passive Trades is to make your initial investment.
The investment that you will make will be towards advertising packs and an ROI that is promised to be 125% of your original investment.
The company will pay up to 1.25% daily on your investment.
Each of the advertising packs will cost $5 each, but I don’t see that they have a limit on the amount that you can purchase.
The referral commissions are paid out using the unilevel compensation plan structure that only has 2 levels associated with it which is not where we are considering the pay plan to be an MLM structured one.
These commissions are paid on the investment made by personally recruited members and by the people that your personally recruited members sponsor and purchase advertising packs.
Here is a breakdown of what you will earn:
- Level 1 – At this level, you will earn 8% on your personally recruited member’s investments.
- Level 2 – At this level, you will earn 3% on the people that your personally recruited member’s sponsored investments.
Matrix Commissions (Trading School)
This is part of the compensation plan that is considered an MLM because it offers multiple levels of compensation that you can earn due to the fact that you and your team members can fill multiple cycle levels that you can earn or benefit from.
The matrix compensation plan is considered or named the “trading school” by the company.
The matrix is structured in a 3X1 matrix cycler that has 2 tier levels.
Once the first matrix tier is filled up, you will then “cycle” a commission and move on to the next matrix cycler tier to do the same.
You only get paid, when all positions of your matrix are filled with paid members.
Here is how that works:
- The first matrix will cost $99.99 to enter (Mentor) – You will earn $33 per recruited member and $33 per position filled once completed. This will start a new $99.99 tier level once completed.
- The second Matric Tier will cost $450 to enter (VIP) – You will earn $150 per recruited member and $150 per position filled once completed. This will start a new $450 tier level once completed.
That is all there is to how the compensation plan works and how you can make money with the My Passive Trades opportunity.
Let’s move on to the next section.
Another great review: Inclusive Cryptos Review – Scam or Legit? Compensation Plan Exposed
My Passive Trades Q and A Section
In this section of the review, we are going to answer some of the questions that people may have when thinking about joining the My Passive Trades opportunity.
Is My Passive Trades BBB Accredited?
No, My Passive Trades is not accredited with the Better Business Bureau at this time.
I don’t see it ever being accredited with the BBB anytime soon as well.
These types of programs like to stick under the radar as much as they can.
What’s The Cost to Join My Passive Trades?
The minimum cost to join My Passive Trades is free but this will not get you much of anything.
You will need a minimum investment of $5 to get started with the opportunity.
There are additional levels that you can purchase to earn more money than the company offers through the MLM cycler commissions model, which are:
- $99.99 for the Mentor Cycler
- $450 for the VIP MLM Cycler
Now, let’s move on to the question that many of you have been waiting for which is…
Is My Passive Trades A Scam or Legit Opportunity?
In my opinion, the business model is leaning toward not so much a scam, but also, not a legitimate model either.
Here are the concerns:
- No retail product offered when running an MLM business model.
- ROI commissions that I can’t find any licenses for?
These 2 things make me really not believe that this will be a long-term business model that will either get shut down by the owners or by the government.
This is, of course, my opinion, and no, I am not a lawyer.
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My Final My Passive Trades Review and Thoughts
In the final section of the review, I am going to share my final thoughts about My Passive Trades as a whole.
We have taken the time to research and review the information about the company, the products, and the compensation plan.
We have shared our personal thoughts on why we believe that this company doesn’t provide the best business model.
At this point, you should have a clear idea about what this company is, what it offers, how it works, and how you can make money with it.
What are your thoughts about it?
But here is the question…
Do we recommend My Passive Trades or the opportunity?
No, we do not recommend My Passive Trades due to the concerns that we listed above.
We honestly believe at some time in the near future that the company will close down by the owner’s own will or the government will shut them down because they are running a program that offers unregistered securities.
With that said, I hope you enjoyed our My Passive Trades Review.
With that said, make sure to click on the social share buttons on this page and share it with others so that people can learn exactly what the My Passive Trades opportunity is really all about.
Thank you for your support.