Chances are, someone introduced FarGlobal to you.
And possibly, the same person demonstrated how its crypto trading platform TradeVIM works,
As well as its ‘biz opportunity’ with a lucrative compensation plan.
But there’s a problem.
When you learned about how much it costs, you immediately backed away.
You told the representative that you’ll think of it first, knowing how big of an investment is at stake if you commit into it.
And so part of your thinking is to find reviews that will tell you if FarGlobal (or TradeVIM) is a worthy investment or not.
In which case, I can help you out.
All you have to do is keep reading my FarGlobal review since I’ve already taken the time to gather the facts from all over the Web.
Combine it with my personal experience of reviewing 100’s of biz opportunities and multiple dozens of MLM schemes, you can rest assure that you’ll be armed with the right information the next time you talk to a sponsor.
Without further ado, let’s get into the review.
Name: FarGlobal (also TradeVIM)
Price: $697 Initial Cost, Then $197 Every 60 Days
Verdict: Not Recommended
What is FarGlobal (or TradeVIM) About?
FarGlobal is a company that provides a cryptocurrency trading tool to assist in your cryptocurrency trading.
If you’re not aware yet, cryptocurrency is a digital form of currency which gained popularity around 2010. Bitcoin is the most popular cryptocurrency since it’s the first ever to be launched.
Cryptos also have an innate nature of being ‘too volatile’, which I myself have experienced firsthand.
One day, some coins would go up to 100%. While on another, they would plummet by as much as 50%.
Because I didn’t expect this, I lost a lot of investment money in the process.
Anyways, back to the topic.
When it comes to helping you with crypto trading, FarGlobal offers a tool called TradeVIM. In fact, the FarGlobal.me website displays the name TradeVIM all over the place.
To eliminate confusion in this review, however, I’ll be referring to FarGlobal as the company and TradeVIM as the trading platform.
FarGlobal was created by a guy named Joe.
I got his picture from a YouTube video where he explains in an interview how TradeVIM works in more detail.
What’s weird about him though is he’s based out of San Francisco, California.
When in fact, the website indicated that FarGlobal is based off Canada.
How could he have a home business in Canada when he’s staying in the Bay Area?
Having realized the inconsistency right at the beginning, I’m starting to wonder what other things Joe might not be revealing upfront.
What Products Does FarGlobal Offer?
According to my sources, FarGlobal does NOT have retailable products or services to offer.
It only offers a cryptocurrency trading platform, courtesy of TradeVIM.
What TradeVIM does is it analyzes the previous activities in the blockchain over a period of time (you can choose up to 120 days).
It will then recommend you with the best trading settings that could give you results over the time period you’ve set.
Now in order to start using the tool, you need to have a funded Bitcoin wallet, connect your Binance trading account, create API keys, and of course, purchase the license to TradeVIM (which I’ll talk about in a short while).
The platform claims to be ‘easy to use’, in that you don’t need prior trading experience to succeed with the tool (what a joke!)
So I suppose we can use TradeVIM alone to make real money, right?
How to Participate in FarGlobal’s Business Opportunity
The real money inside FarGlobal comes from its business opportunity, which works on a multi-level marketing model (or MLM).
What it means is you have the ability to earn commissions from multiple levels below you in order to generate multiple sources of income.
While cryptocurrency trading poses a high risk of investment loss, selling TradeVIM licenses to people (and training your Affiliates to do the same) is the most surefire way to put serious cash in your bank account.
But in order to get started, you have to sign up first as a FarGlobal Affiliate.
To do this, you must purchase a TradeVIM license from a sponsor.
And unfortunately, the license alone costs a whopping $697.
This license grants you the ability to do 600 trades (or as many trades as you can in 60 days).
But that’s not all.
You’ll forever be subjected to an endless series of recurring payments every 60 days. It’s called the Renewal License, and it costs $197.
This time though, you’ll be granted only 300 trades (or as many trades as you can in 60 days).
So as it turns out, paying the fee would give you instant access to the TradeVIM platform, as well as the privilege to participate in FarGlobal’s compensation plan.
How Do You Earn Inside FarGlobal? The Compensation Plan
Having learned the compensation plan myself, I finally understand why becoming a FarGlobal affiliate is an exciting opportunity to take.
The MLM company has designed a system to incentivize you from multiple avenues.
In a nutshell, there are 4 known ways to earn money with FarGlobal:
- Retail Commissions – affiliate revenue you make whenever you sell TradeVIM and Renewal Licenses to customers
- Rank Based Commissions – money you earn depending on your current rank in the compensation structure
- Diamond Bonus – an incentive you’ll get for reaching the Diamond rank and above
- Diamond Global Bonus – an incentive you’ll receive for reaching the highest rank in FarGlobal
To fully grasp how the compensation plan works, here’s the best YouTube video I’ve found that you can watch:
However, if you don’t have time or are unable to play the video, then here’s the written explanation of it (based on my understanding).
Retail Commissions allows you to take a cut of the sale for every TradeVIM and Renewal License you sell.
For TradeVIM’s full $697 price, you’ll get $150 in commissions. While for the Renewal License, you’ll earn $45.
Rank Based Commissions is a lucrative income source that allows you to generate revenue based on how high your rank is.
You see, there are several ranks to reach in FarGlobal. And here’s how you could qualify for them:
- FarGlobal Silver Affiliate (FSA) – on a rolling 60-day basis, you must personally enroll 2 Affiliates whose groups sell a minimum of 10 TradeVIM licenses ($697)
- FarGlobal Gold Affiliate (FGA) – personally enroll 2 FSAs
- FarGlobal Platinum Affiliate (FPA) – personally enroll 2 FGAs
- FarGlobal Diamond Affiliate (FDA) – personally enroll 2 FPAs
- FarGlobal Double Diamond Affiliate (FDDA) – personally enroll 2 FDAs
In case you reach these ranks, here are the incentives you’ll be entitled to:
- FSA – earn $25 for every sale of TradeVIM below your 2 Affiliates while $6 on the Renewal License, and will only terminate once it reaches an FSA
- FGA – earn $50 for every sale of TradeVIM below your 2 FSAs while $12 on the Renewal License, and will only terminate once it reaches an FGA
- FSA – earn $75 for every sale of TradeVIM below your 2 FGAs while $18 on the Renewal License, and will only terminate once it reaches 3 FPAs
Diamond Bonus is the continuation of the rank incentives and applies to both the Diamond and Double Diamond ranks.
For FDAs, you’ll earn $25 for every sale of TradeVIM below your 2 FPAs while $6 on the Renewal License, and will only terminate once it reaches an FDA.
For FDDAs, you’ll earn $50 for every sale of TradeVIM below your 2 FDAs while $12 on the Renewal License, and will only terminate once it reaches 2 FDAs.
Lastly, Diamond Global Bonus is the highest incentive you can get as a result of personally enrolling at least 2 FDDAs inside FarGlobal.
When you obtain your first 2 FDDAs, you’ll get 1 point. Then for every FDDA you can add other than the two, you’ll get 1 point each.
What’s special about these points is that they act as ‘shares’ which can be used to determine how much bonus you’ll receive.
You see, 2.5% of FarGlobal’s entire monthly Global Sales (on both TradeVIM and Renewal License) is dedicated to this Global Bonus.
The company divides the total monthly Bonus by the total number of points, which determines the monetary value of each point (or share).
So for example, if the 2.5% Global Sales is $10,000,000, and there are 1,000 points all in all in the system, then the value of 1 point is equal to $10,000 (10,000,000 divided by 1,000).
That means you’ll earn an extra $10,000 simply by contributing 1 point in the Global Bonus.
Add this to the three previous income streams and you’ll realize how much you can potentially earn inside FarGlobal.
Verdict: Is FarGlobal (or TradeVIM) Recommended?
Now you know the facts, it’s time for me to come to a verdict.
“Do I recommend enrolling into FarGlobal (or TradeVIM)?”
In my honest opinion, NO.
You see, I’ve got some pressing concerns with regards to how the company works.
And I think it’ll be too much to bear once you learn the following truths:
I. The Company Resembles a Pyramid Scheme
Like I said a while ago, FarGlobal has no retailable products or services.
And though you might argue that TradeVIM is the very product, I’m fairly convinced that the trading platform is only a ‘filler’ just to say that there’s a product offered.
Believe it or not, I see this common trend in past MLM companies I’ve reviewed, such as:
- MOBE (Already Shut Down)
- Digital Altitude (Already Shut Down)
- Empower Network (Already Shut Down)
- Legendary Marketer
- 8 Figure Dream Lifestyle
- Finish Line Network
- And More
They all pretend to have something to offer. But unfortunately, the primary reason why you would afford them is to play the MLM game.
This phenomenon also best explains why the TradeVIM license is so pricey. Most of the profit margins go to Affiliates who spread the word about the company and recruit new people.
Coz’ if it weren’t for new members’ money, the company would surely crumble into pieces!
This is the very definition of a pyramid scheme.
II. Hidden Fine Print Makes TradeVIM Fairly Useless
Planning to use TradeVIM? Not so fast!
There’s a tiny piece of fine print that contains a crucial ‘disclaimer’ to all those who wanna’ use the TradeVIM platform.
It’s found in one of the videos in the website, which I’ll be enlarging in the picture above:
If you can’t read it well, then let me mention the excerpt:
Trades do not reflect our opinion nor that of our affiliates, agents, representatives, members, employees and the like; and none of us guarantees any particular result(s) or profit(s) from the trades.
Past performance is not indicative of future returns and you should not assume you will be profitable given the industry’s high failure rate.
There is a learning curve to understanding the cryptocurrency market and while we work to assist you in the learning curve, you must understand it’s more likely you will go through a period of failing until you either begin to trade more consistently or drop out.
You must understand part of the learning curve is that before any trade you need to be educated and have a trading plan including a risk and stop in mind to prevent serious loss. Despite having a stop loss or plan there is no guarantee against any prevention of loss.
You need to be educated? Have a trading plan?
I thought TradeVIM is ‘easy to use’ and ‘doesn’t require trading skills’?
If this fine print is true, then what’s the purpose of the entire trading tool in the first place? If it can’t make your life easier?
And besides, if such a magic formula for guaranteed profits exists, why would the owners share it in the first place?
III. Every Member Is Your Competition
Okay, so you won’t use the TradeVIM tool.
And you’ll just focus on recruiting members despite my warnings about FarGlobal looking like a pyramid scheme.
Unfortunately, there’s another bad news.
Because the bitter reality is you’ll be competing with every FarGlobal Affiliate for new members!
Your sponsors, your downlines, and other members are all doing the exact same thing as you do: selling the overpriced TradeVIM license to potential prospects.
If only FarGlobal had other products or services to offer, then it would ease off the sheer competition inside the company.
But because there’s heavy emphasis on recruiting, you’ll be forced to do a better job than the affiliate next door. Not to mention the ‘whales’ who have lots of connections and resources than you do.
Now tell me, could you establish a full-time income in this environment where everyone’s trying to take your share?
IV. Joe The Founder Looks Suspicious
The problems of FarGlobal are not just on the inside.
Coz’ even the founder of the company, Joe, is someone I find suspicious.
First of all, what is Joe’s surname? Why isn’t he revealing it?
Second, the Internet is scarce when it comes to information connecting him to FarGlobal or TradeVIM.
This leads me to believe that Joe is a ‘pen name’ which he used to cover his real identity.
But most importantly, I discovered that neither of the two companies are registered in US or Canada.
So it would appear in the grander scheme of things that FarGlobal and TradeVIM are operating illegally in both countries!
Overall: If what you need is something that would seriously bring you financial freedom, I highly doubt FarGlobal (or TradeVIM) can deliver it to you.
Sure, you might be able to earn a couple of sales here and there. You might even go up a rank or two if you have some marketing experience.
However, fact remains that the nature of FarGlobal will keep you from amassing a lot of success.
I won’t be surprised if the entire scheme gets taken down by the FTC in the near future. Everything about it, especially its illegal operations, makes it unfit for business.
Want Long-Term Wealth? Here’s a Proven Way to Acquire It
Don’t get me wrong.
MLM is one of the best ways to earn a full-time income, online or offline.
It’s just that some companies don’t conduct it the ‘right’ way.
I’ve witnessed that myself after watching some of them go down.
What’s even worse, is me witnessing the sheer number of people losing their source of income because of these unethical founders.
But worst of all, is me comprehending how much money was lost in the process, especially by those people who never made their investment money back.
This triggered me to come up with a method that doesn’t cost a fortune to implement…
And is so simple that it can be summarized in just 5 steps.
At first, I’ve only observed this as a common ‘trend’ with all the successful people I’ve come across online, regardless of how they conduct business.
Whether it be MLM, ecommerce, affiliate marketing, dropshipping, or some method operating in the gray area, it doesn’t matter!
The same 5-step process applies to them, which I believe is the very reason why they’re so successful in the long-term.
So if I were you, I’d take some time to understand this proven blueprint.
If you click on the image below, it will take you to a guide which will teach you How to Make Your First $1,000 Online using the simple 5-step process.
Will you try FarGlobal (or TradeVIM)? What are your thoughts on this MLM opportunity, as well as its trading tool? Come share with us your answers by leaving a comment below.