Epic Buying and selling operates within the foreign exchange MLM area of interest. The corporate offers a company tackle within the US state of Nevada on its web site.
Heading up Epic Buying and selling is founder David McCovy.
McCovy seems to have first discovered success in 5Linx, having risen to the Senior Vice President rank circa 2014.
After 5Linx McCovy (proper) joined the since-collapsed Paycation pyramid scheme.
McCovy’s stint at Paycation was temporary. In 2015 he ditched the corporate and launched Evolution Journey.
BehindMLM reviewed Evolution Journey in 2018 and located it was a pyramid clone of Paycation.
Evolution Journey’s web site remains to be up right now, so it appears McCovy intends to proceed working it alongside Epic Buying and selling.
Epic Buying and selling President Spencer Iverson has additionally appeared on BehindMLM, most not too long ago in connection to Jewel Sanitary Napkins.
Learn on for a full evaluation of Epic Buying and selling’s MLM alternative.
Epic Buying and selling’s Merchandise
Epic Buying and selling markets “Epic Scholar”, a foreign exchange coaching platform.
Epic Buying and selling offers Epic Scholar subscribers with
- commerce alerts
- buying and selling periods
- elementary evaluation and
- market forecasts
An Epic Scholar subscription is $99.99 a month.
Epic Buying and selling’s Compensation Plan
Epic Buying and selling associates are paid on Epic Scholar subscriptions bought to retail clients and recruited associates.
Commissions are tied to 12 affiliate ranks, qualification standards for which is supplied beneath.
Epic Buying and selling Affiliate Ranks
- Affiliate – enroll as an Epic Buying and selling affiliate and proceed to pay month-to-month membership charges
- Founder – recruit 3 associates and generate 300 GV a month
- Founder 500 – keep three personally recruited associates, generate a downline of 10 associates and generate and keep 1000 GV a month
- Founder 1000 – keep 3 personally recruited associates, generate a downline of 30 associates and generate and keep 3000 GV a month
- Founder 2000 – keep 3 personally recruited associates, generate a downline of 80 associates and generate and keep 8000 GV a month
- Founder 5000 – keep 3 personally recruited associates, generate a downline of 250 associates and generate and keep 25,000 GV a month
- Ambassador 10 – keep 3 personally recruited associates, generate a downline of 500 associates and generate and keep 50,000 GV a month
- Ambassador 20 – keep 3 personally recruited associates, generate a downline of 1000 associates and generate and keep 100,000 GV a month
- Ambassador 50 – keep 3 personally recruited associates, generate a downline of 2500 associates and generate and keep 250,000 GV a month
- Icon 100 – keep 3 personally recruited associates, generate a downline of 5000 associates and generate and keep 500,000 GV a month
- Icon 200 – keep 3 personally recruited associates, generate a downline of 15,000 associates and generate and keep 1,500,000 GV a month
- Icon 500 – keep 3 personally recruited associates, generate a downline of 40,000 associates and generate and keep 4,000,000 GV a month
- Epic – keep 3 personally recruited associates, generate a downline of 75,000 associates and generate and keep 7,500,000 GV a month
GV stands for “Group Quantity” and is gross sales quantity generated by the sale of Epic Scholar subscriptions.
I consider one subscription equates to 100 GV.
Word that in an effort to depend in direction of affiliate recruitment necessities, I consider recruited associates should be updated with membership funds and Epic Scholar subscription charges.
Epic Buying and selling additionally imposes a 40%/40%/20% rule, which means as much as 40% of required recruited associates might be sourced from two downline legs. The remaining 20% covers the remainder of the downline.
Founder is the one exception to this, with recruited associates unfold 1/1/1.
Epic Buying and selling Weekly Commissions
Corresponding rank-based Epic Buying and selling month-to-month fee funds are as follows:
- qualify at Founder 500 and obtain $500 a month
- qualify at Founder 1000 and obtain $1000 a month
- qualify at Founder 2000 and obtain $2000 a month
- qualify at Founder 5000 and obtain $5000 a month
- qualify at Ambassador 10 and obtain $10,000 a month
- qualify at Ambassador 20 and obtain $20,000 a month
- qualify at Ambassador 50 and obtain $50,000 a month
- qualify at Icon 100 and obtain $100,000 a month
- qualify at Icon 200 and obtain $200,000 a month
- qualify at Icon 500 and obtain $500,000 a month
- qualify at Epic and obtain $1,000,000 a month
Epic Rank Rewards
Epic Buying and selling’s compensation materials mentions “Epic Rank Rewards”.
On the time of publication nonetheless no particular particulars are supplied.
Becoming a member of Epic Buying and selling
Epic Buying and selling affiliate membership is $24.99 a month. This doesn’t embody entry to Epic Scholar, which prices an extra $99.99 a month.
Conclusion
Epic Coaching offers zero data on its web site pertaining to the supply of its foreign exchange associated choices.
Clearly David McCovy himself isn’t offering the data, so it’s being sourced from a third-party.
Failing to reveal this data to potential clients and associates is a crimson flag.
It leaves shoppers unable to make an informed choice relating to Epic Buying and selling’s Epic Scholar subscription, which can be a violation of the FTC Act.
Fortunately, not less than if the corporate is to be believed, Epic Buying and selling doesn’t get into securities territory;
Epic Buying and selling Worldwide, LLC is NOT offering funding recommendation as all commerce indicators are delivered to all individuals uniformly with out regard to a person’s commerce aims, monetary situation or suitability.
Furthermore, Epic Buying and selling Worldwide, LLC doesn’t train buying and selling authority over your trades. You and also you alone train discretionary buying and selling authority.
Based mostly on that data I consider there is no such thing as a option to have interaction in automated buying and selling of any type by means of Epic Buying and selling.
With respect to the MLM facet of the enterprise, the legitimacy of Epic Buying and selling comes all the way down to are there extra Epic Scholar retail clients or associates?
Epic Buying and selling does permit folks to enroll in Epic Scholar with out signing up as an affiliate, so there may be an try at retail.
Whether or not it’s real or not is questionable.
For starters there are not any retail buyer necessities. Secondly in case you take a look at the compensation plan, GV required (remembering that one Epic Scholar subscription = 100 GV), at all times syncs as much as required downline.
Epic Buying and selling’s compensation plan labels downline necessities as “staff members”, which excludes retail clients.
It’s fairly apparent that Epic Buying and selling’s compensation plan was written with affiliate recruitment in thoughts.
One other inform is Epic Buying and selling’s suggestion to potential associates;
We strongly suggest that each one potential members concerned with our referral compensation program be a part of as an Epic Scholar first to expertise the platform and its providers personally earlier than deciding to take part as an IBO of the corporate.
There’s in fact David McCovy’s historical past with pyramid schemes, however we’re evaluating Epic Buying and selling by itself deserves right here.
The excellent news is Epic Buying and selling’s private recruit necessities make it simple to determine, not less than on a person stage, the retail viability of Epic Buying and selling’s foreign exchange providing.
With three recruits required to qualify for commissions at any rank, each Epic Buying and selling affiliate ought to have not less than three corresponding Epic Scholar retail clients.
That’s all that you must ask your potential upline. If they will’t present proof of getting three at present lively Epic Scholar retail subscriptions, you might have your reply.
Personally given the aforementioned lack of disclosure relating to Epic Buying and selling’s foreign exchange providers, I’d be shocked if anybody was paying $99.99 a month with out the connected revenue alternative.
As per FTC pointers, that will make Epic Buying and selling a pyramid scheme.