Silverstar Live Review - Legit Forex Trading MLM or Scam? Find Out...

Silverstar Live Review – Legit Forex Trading MLM or Scam? Find Out…

Welcome to my Silverstar Live Review!

This is one of the network marketing companies to launch and I decided to see what it was all about…

Chances are someone approached you about the forex trading bot and you landed here to make sure it’s legit.

The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.

Find out if this is legit or a scam…

Silverstar Live Review – Company

Silverstar live review

When I checked out the website, Silverstar Live lists Candace Ross-Mahmoud (President/Co-owner), Hassan Mahmoud (Executive Vice President/Co-owner) and Quick Silver ( COO & Master Trader/Co-owner).

Quick Silver really?

Anyway, after doing more research I found out his real name is David Wayne Myer.

Kinda weird to name yourself “Quick Silver” on your own website lol.

According to Myers bio:

a career expert trader with 18 years experience.

For 16 consecutive years he has tripled his private trading account in the futures and Nadex market.

Candace Ross has been a top tier Marketing Strategist & Consultant in the network and affiliate marketing space for the last 6 years.

She is a self-taught internet marketer who has created multiple 7 figure sales systems and is frequently sought out to assist in the growth of corporate businesses.

Hassan Mahmoud is an international Omnipreneur & Keynote Speaker who is highly sought out by the millennial community to work with and to work on passion projects all over the world.

He has done over 250 million in sales over the past 4 years while helping multiple business owners grow their names and brands.

SO he’s pulled in over 300% annual ROI for 16 years straight?

But no one knows of him other than Quick Silver?

Very interesting…

Before launching Silverstar Live, Candace Ross and Hassan both were promoting a company called Enagic.

You can check out that review here:

Enagic USA Review – Alkaline Water ionizer MLM

There is a corporate address in Florida on the website as well…

But it looks like it belongs to a warehouse storage facility…

Anyway…

Let’s check out the products next inside of this Silverstar Live review…

Silverstar Live Reviews – Products

silverstar live trading

Silverstar Live has a flag ship product called the forex autotrading bot

More information on that below:

We have software which specializes in automated Forex trading.

Our software does the work for you so that you can spend your time doing whatever you want.

Our software relies on algorithms with a proven track record of realizing gains based on performance to date.

There wasn’t any information on the retail pricing on this trading bot on Silverstar Live’s website.

But they did mention it in the compensation plan which is $199 one-time and then $145 per month.

Alright, let’s check out the compensation plan next inside of this Silverstar Live review…

Silverstar Live Compensation Plan

Show me the money right?

Alright pay close attention because I am going to go in detail…

SilverStar Live compensation plan pays when you get new customers and new affiliates for $199 one-time and then $145 per month.

Silverstar Live Ranks

After exploring the compensation plan, there are 12 affiliate ranks in total.

Below is the breakdown and qualifications you need to hit them:

  • Icon150 – Generate 435 GV a month and enroll/sponsor and maintain three fee-paying retail customers and/or affiliates
  • Icon600 – Generate 1740 GV a month and generate and maintain a downline of twelve fee-paying retail customers and/or affiliates split 4/4/4
  • Icon1500 – Generate 5075 GV a month and generate and maintain a downline of thirty-five fee-paying retail customers and/or affiliates split 10/10/15
  • Icon3000 – Generate 13,050 GV a month and generate and maintain a downline of ninety fee-paying retail customers and/or affiliates split 30/30/30 (three of the retail customers and/or affiliates must have three retail customers and/or affiliates under them)
  • Icon5000 – Generate rate 36,250 GV a month, sponsor and generate and maintain a downline of at least two Icon600 affiliates and generate and maintain a downline of two hundred and fifty fee-paying retail customers and/or affiliates split 100/100/50
  • Icon10 – Generate 72,500 GV a month, sponsor and maintain at least two Icon1500 affiliates and generate and maintain a downline of five hundred fee-paying retail customers and/or affiliates split 200/200/100
  • Mogul25 – Generate 181,250 GV a month, sponsor and maintain at least two Icon3000 affiliates and generate and maintain a downline of one thousand two hundred and fifty fee-paying retail customers and/or affiliates split 500/500/250
  • Mogul50 – Generate 362,500 GV a month, sponsor and maintain at least two Icon5000 affiliates and generate and maintain a downline of two thousand five hundred fee-paying retail customers and/or affiliates split 1000/1000/500
  • Mogul100 – Generate 725,000 GV a month, sponsor and maintain at least two Icon10 affiliates and generate and maintain a downline of five thousand fee-paying retail customers and/or affiliates split 2000/2000/1000
  • Gold Star – Generate 2,175,000 GV a month, sponsor and maintain at least two Mogul25 affiliates and generate and maintain a downline of fifteen thousand fee-paying retail customers and/or affiliates split 6000/6000/3000
  • Silver Star – Generate 4,350,000 GV a month, sponsor and maintain at least two Mogul50 affiliates and generate and maintain a downline of thirty thousand fee-paying retail customers and/or affiliates split 12,000/12,000/6000
  • Legend – Generate 8,700,000 GV a month, sponsor and maintain at least two Mogul100 affiliates and generate and maintain a downline of sixty thousand fee-paying retail customers and/or affiliates split 24,000/24,000/12,000

GV stands for Group Volume which is the sale volume generated by the monthly fee’s both customers/affiliate are paying.

55% of the monthly volume must come from retail customers.

Retail Commissions

For every $199 fee paid by a retail customer or sponsored affiliate, you can get $40 one-time commission.

Residual Commissions

Silverstar Live pays residuals through a 3×9 matrix compensation plan.

These positions can be filled directly or indirectly by team members.

Every positions pays $3…

The amount of levels you get paid will depend on how many personally sponsored retail/or affiliates you have:

  • Enroll and/or sponsor at least three retail customers and/or affiliates and earn on level 1 of the matrix
  • Enrolland/or sponsorat least four retail customers and/or affiliates and earn on levels 1 and 2 of the matrix
  • Enrolland/or sponsorat least five retail customers and/or affiliates and earn on levels 1 to 3 of the matrix
  • Enrolland/or sponsorat least six retail customers and/or affiliates and earn on levels 1 to 4 of the matrix
  • Enrolland/or sponsorat least seven retail customers and/or affiliates and earn on levels 1 to 5 of the matrix
  • Enrolland/or sponsorat least eight retail customers and/or affiliates and earn on levels 1 to 6 of the matrix
  • Enrolland/or sponsorat least nine retail customers and/or affiliates and earn on levels 1 to 7 of the matrix
  • Enrolland/or sponsorat least ten retail customers and/or affiliates and earn on levels 1 to 8 of the matrix
  • Enrolland/or sponsor at least eleven retail customers and/or affiliates and earn on levels 1 to 9 of the matrix

Other bonuses paid are Generational bonuses and weekly guaranteed commissions.

Full Compensation Plan Video

Just make sure you watch the video all the way through…

Cost to Join Silverstar Live

SilverStar Live members must be a retail customer first.

This will run you $199 and then $145 per month.

Once you enroll at least three retail customers, the customers can pay an annual affiliate fee and become an affiliate.

The moment you have been waiting for inside of Silverstar Live review…

Final Verdict

When it comes to the actual business model, it looks pretty legit.

Lot of intensives for retail and you must enroll at least three retail customers before any of them can be an affiliate.

Also, 55% of the total GV must come from retail customers which is a good thing.

The only shady area is that they are marketing passive returns and that means they must be registered with the SEC.

As of right now, Silverstar Live, David Wayne Myer are not registered with the SEC.

Must of the traffic coming to their website is from the USA.

As of right now, I would give this company 3-4 months and see where it’s at then…

Ask for information about the passive income claims through the trading bot and why they are not registered with the SEC.

Hey, maybe in a few months they might register or not make passive income claims (return on investments etc).

Anyway, I would hold off for now…

[yasr_overall_rating]

I hope you enjoyed my Silverstar Live Review and if you have any questions feel free to ask below…

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Silverstar live

-Jesse Singh

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