Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
No1Options is a quite fresh broker site founded on 2020 and linked together with SpotOption platform. It provides full package of tools and derivatives in order to obtain maximal yields for investors. They offer almost all latest and most useful features in their platform. They keep customers funds in a separate accounts, which is great example of good practice and transparency, but is that enough to gain trusted broker status and differ themselves from the scams?
No1Options in a Nutshell:
- Broker: No1options
- Platform: SpotOption
- Founded: 2020
- Bonus: Up to 100%
- Return/Refund: Up to 90%
- Number of Assets: Over 200
- Education Center: Ebooks & Videos
- Demo Account: Yes
- Mobile Trading: Yes
- Minimun Deposit: $200
- Minimun investment: $5
- Maximum investment: $5000
- Us Traders: Not Accepted
- Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
- Deposit: Multiple Credit cards, Visa, Mastercard, Bank Wire, Skrill Moneybookers, Visa Electron
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How to Make Money with Binary Option Robot
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Bonuses and account types
No1Options have 5 account types in their selection starting from the student account which requires £250 initial deposit, all teh way up to VIP account which requires £50,000 initial deposit. In between there are several account types which are also listed below. Each type includes all the features from the previous one and some added features.
Investors have five account types to choose fromBest Binary Options Brokers 2020:
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
Student Account: Deposit £250-£2,499
With student account you get first deposit bonus up to 25%. And in addition trader gets risk management tools, e-book started pack, e-video library and 24/7 support from customer service. If you’re not chasing the bonuses, and just want start investing with little sum of money ,this account type might be sufficient, you still get all the basic tools.
Silver Account: Deposit $2,500-$4,999
Silver account increases the maximum bonus up to 50% and in addition you get weekly account manager consultation. It also enables multi platform trading and you get trading signal service for once a week. This is my recommendation for traders who are serious about trading.
Gold Account: Deposit $5,000-$9,999
Gold account level increases the first deposit bonus up to 100%. Trader also get twice a week consultation with account manager, in addition you get E-book intermediate package, trading signals twice a week and risk free month. if you have losing month No1options cover your losses once.
Personal Broker Account: Deposit $10,000-$49,999
With this account level, you get up to 125% first deposit bonus, daily consultation with account manager, two risk free months of trading. This account type is my recommendation for trader who wants to be professional at some point.
VIP Account: Deposit + $50,000
To get an access to No1Options VIP account, the initial deposit must be at leat £50,000. With VIP account level, trader gets up to 150% first deposit bonus, account manager on hold 24/6 ( every day excluding Sundays), advanced Ebook material, personal analyst and 3 risk free months. These features do not convince me in that sense that it would be best choice to invest 50,000 right at the beginning. Of course if you want to make maximum profits the more is better but trading can be also started with some of the lower account levels.
No1Option do have a demo account to begin with. I found it very helpful and straight forward copy of the real trading platform. It is excellent way to get comfortable with trading before depositing real money. Demo account is always considered a great plus. It is totally risk free method to start with. We recommend starting with the demo account and then moving to the real money trading.
Is No1Options a scam or a proper broker?
No1Options is not regulated broker, but it does not automatically mean it would be a scam. Their fund management with segregated customer accounts and excellent customer service were great first signs when assessing trustworthiness. Another good sign is that they use SpotOption trading platform which is most trusted binary option trading platform there is. At this point, when i haven’t notice any false play on the contrary, as they have showed great signs of trustworthiness, I can be almost certain that they are not scamming customers in any way.
However, if you want invest only in regulated broker site, you can try IQ Option, Banc de Binary, GOptions, Option 888 or Interactive Option for example.
Trading platform view
Features of the Broker site
The most useful features that No1Options offer in addition to the basic options are Ladder, One Touch, Forex and IFollow. Forex and IFollow are not available in the majority of sites. IFollow gives trader a chance to follow the best traders on the site and copy their trades. Forex trading is the most popular method of currency trading. Ladder is a option type where is several steps or lines that you have climb to get better and better profits. Overall, ladder and one touch options offer the best payout percentages.
Other option types are the basic binary options, long term options, fast trading, which is same as 60 seconds or turbo options (30-300 seconds) in many other broker sites. Also pair options are in the selection.The platform itself is very user-friendly and is well suited for both new and experienced investors.
Like some other brokers, No1Options also offer economic calendar for customers. It gathers all the important events and deadlines on the global markets that might and will affect to prices of different asset types. This helps a lot to prepare investment plans for upcoming events and to predict the price changes of the markets. After all that is what binary options and all investments are to, market speculation and taking advantage of price changes.
The signals which were mentioned earlier, are useful indicators how professional traders and can help you a lot in the decision making. Signals are provided with different frequency depending on the account type(once a week, twice a week, or daily).
IFollow feature where to follow other traders
How to trade
No1Options offers over 200 tradable assets on their trading platform. Indices, stocks, currencies and commodities are all in the selection. With this amount No1Options climb to the upper end of the scale when compared to the other broker sites. The actual trading features are pretty much the same what other brokers are offering, added with the Ifollow feature that was mentioned earlier.
These option types together with the different expiration times will give almost endless possibilities to trade. risk management is easy with diverse expiration times and by investing to different asset types and markets all over the world.
Expiration times differ from 60 seconds to 300 seconds in the fast trading section, and from 15 minutes to end of the day in regular options. Longterm options offer expirations from weeks to end of the year and everything between.
Forex products also allows to use leverage in the trading. That can dramatically increase risk and also the potential profits of the investment. Leverage can be set from 1:25 as high as 1:500 in each trade.
Forex option allows leverage up to 1:500 ratio
With these option types and wide asset selection, trader is able to build an investment portfolio as he wants. Diversification possibilities are endless and risks are easy to divide to several individual trades. Minimum trade is $5 and maximum is $5,000 which is enough for almost all traders.
Educational material and tools
No1Options call their education related section as Education Center and it provides materials and tools for advanced trading. They have answers to frequently asked questions and glossary but what really makes them to stand out from other brokers is that, besides having the economic calendar, they have Pivot calculator and Fibonacci calculator. Those tools can help to determine whether to make bull or bear, up or down investments.
They also have articles and market reviews where you can check the latest trends on the markets and in economics.
If all the material feels a little bit too much at the beginning, I recommend to start trading with binary option robot. Best robots today are the real robot and binary hedge fund. Now you can get both of these for free through us. If you have not tried automated trading before, you definitely should now. You can easily reduce significantly your workload and make trading more profitable and fun. Redeem your free robot by clicking the button below .
The site itself is translated in 8 languages (including English, Russian, Spanish, German, Portuguese and French) If your English is not that good you may find some other language that suits you better. The actual customer service can be reached through phone with three local numbers located in United Kindom, France and Australia. Live chat and email contact form are also provided. Account managers are also there to help traders as needed with their best abilities. In our own test, especially account manager help is what stands out, they were great assistance in some problematic situations which we created.
Deposit and withdrawals are easy to make with secured transfers, supported methods are wire transfer, several credit cards such as Visa, MasterCard, Maestro and any of following net payment services such as Skrill, Neteller Ukash and some others. We recommend using the net payment services but credit cards works also easily. All transfers are secured through SSL, highest secure systems used to secure websites. Traders can safely deposit and withdraw their fund without worries. Fund are directed to separate customer accounts.
No1Options promises 100% safe and secure banking Guide to trading platform
Mobile trading is extremely useful for a trader who wants to follow the markets when on the move . SpotOption platform makes this very easy with their great mobile application which is fully compatible with android phones and Apples products. Mobile version is accessible through the App Store and Google Play and requires only the login information which must be done before.
The educational material is extremely wide and covers all the important aspects.
No1Options has wide range of tradable assets (over 200) and couple of interesting features in their site (e.g. IFollow) and wider education center than most broker. Even though they are not regulated or licensed we dare to say that it is not a scam broker but a trustworthy and well manageged broker site. We recommend their services warmly to all traders.
Overall review we will give No1Options 4,7 stars out of 5 as binary options broker site. [yasr_overall_rating]
Open an account and start trading by clicking the button below
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Author: Michael Allen
Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years. View all posts by Michael Allen
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Is Rise Network A Scam? Read This Before Signing Up!
Rise Network is a relatively new product that was launched in July 2020. It is an MLM business model that promises to help anyone who signs up to make a livable income through it.
That being said, is Rise Network a scam? There are a lot of scam products that promise to help you make money online these days, so this is not an unreasonable question to ask. Is it one of them? Well, that’s exactly what this Rise Network review will help you figure out.
If you want to know whether Rise Network is legit or a huge scam, and most importantly, whether you will be able to make any sort of income from your investment through such programs as Rise Network, this is where all the answers are. Let’s begin!
WHAT IS RISE NETWORK?
Rise Network is an MLM and affiliate marketing business focused on internet marketing. It was founded in July 2020 by Hitesh Juneja, Kevin Hokoana and Jason Rose, three people who are not new to the internet marketing space.
Before Rise Network, these three had launched DS Domination back in 2020, which was later rebranded to Options Domination around 2020. In 2020, after Options Domination failed, they started another company, Infinii Digital Signal Forge. It did not make it to the end of the year.
DS Domination was a company that focused on dropshipping and recruitment. They tried out the MLM business model for the first time when they rebranded to Infinii. Back then, Infinii also used to offer fraud security, but they dropped this part of the business after they were accused of shady dealings.
The three founders would then go silent until the middle of 2020 when they launched the Rise Network.
Rise Network can be described as an eCommerce training and coaching program. It also has an affiliate program that allows you to earn commissions by promoting the program itself.
WHAT PRODUCTS DOES RISE NETWORK OFFER?
There are four main products offered by Rise Network:
- Platform training
- The Inner circle
- The Partner program
However, the money-making part of the business leans more towards members’ recruitment rather than selling products.
THE PLATFORM TRAINING
Through Platform training, members get to learn how to use eCommerce platforms to make money. However, their training places a lot of emphasis on their third-party platform called Unbox.
Users are taught through weekly webinars. They claim that they will teach you how to build better online stores for increased revenues.
THE INNER CIRCLE
Here, you will learn how to expand your business through tactical lead generation methods and workable sales funnels.
The training is done through a weekly guided process. You also get access to their software and more training. There is also a 6-week program that will further train you on how to leverage sales funnels.
THE PARTNER PROGRAM
The Partner program allows you access to a large pool of copywriters and business plan developers.
Every Tuesday, you will get to learn the ins and outs of major social media marketing strategies and search engine platforms including Google and YouTube. They promise to teach you how to leverage these platforms to grow your business.
There are no products for sale for retail customers. All the products and services are only accessible to affiliate partners. You also have to join through an affiliate partner.
WHAT IS THE COST OF JOINING THE RISE NETWORK?
Rise Network gives everyone the opportunity to create a free account on their platform. However, this account is pretty useless unless you upgrade to a paid membership plan.
Together with the Unbox platform, Rise Network offers what they call ‘business centers’. The business centers include:
• Metabolic design
• Natural essential oils
• Payment Process and Management
• Legal relief
The initial membership signup fee is $47, renewable every month. If you intend to join the Unbox platform, you have to pay additional fees.
The membership plans of the Rise Affiliate network are categorized into 3:
• PRO: Under the pro membership plan, you have to pay an initial fee of $99. You will then have to pay a $39 monthly fee after that.
• ELITE: Just like in the pro membership plan, your initial fee is $99. However, this time, you have to pay $99 every month after that.
• ENTERPRISE: The initial membership fee for this plan is also $99. However, you will have to pay a $299 monthly fee every month after that.
WHO ARE THE FOUNDERS OF RISE NETWORK?
As stated earlier, this company was founded by Hitesh Juneja, Kevin Hokoana and Dr. Jason Bore.
According to their website, Hitesh Juneja’s claim to fame is entrepreneurship. They say he started his first company at the age of 19, and that he has made millions under the companies that list him as a founder and where he previously worked before. He co-founded J & H associates and is listed as the CEO and owner of Infinii group and DS Domination.
Kevin Hokoana, is a former USAF officer and has been involved with the eCommerce market ever since he retired. He is also listed as a founder in DS Domination and infinii group.
According to the website, Dr. Jason Rose is a chiropractor and an entrepreneur that is associated with various companies from different industries including ecommerce, banking, payment processing, among others.
It is quite clear that DS Domination is the company that started this partnership. It is also the company that gave rise to all the others, including Options Domination, Infinii, and Infinii signal forge. It is also clear that the transition from each of these businesses to the next was after the previous one failed or was found out to be shady.
For example, when they launched the Infinii group, it was alleged that they were engaged in security fraud. They had to rebrand to infinii signal forge.
THE RISE NETWORK COMPENSATION PLAN
Rise Network allows you to make money in two ways: through the affiliate program and through the MLM compensation model. Of these, it is the affiliate program that can potentially make you the most money.
To earn through affiliate commissions, you must pay the base membership plan of $47 monthly. Once you do that, you will make $25 per month for each person you recruit as long as they renew their membership plan every month.
HOW DO YOU EARN THROUGH THE UNBOX E-COMMERCE PLATFORM?
Here is a breakdown of the MLM compensation model:
To start earning with the Unbox platform, you first have to pay your $39, $99, or $299 monthly fee, depending on the membership levels.
You can only earn through the persons you’ve directly recruited and they too have personally recruited. When you make your first sale or successfully recruit a new person, you get a 100% commission minus the fees paid.
From there onwards, you will get a 40% cut off from your personally recruited affiliates’ monthly renewal fee.
For the matching commissions, you get a 10% bonus for your downline affiliates. The matching bonus will only be paid to the first four generations directly linked to you.
It is not clear whether their MLM compensation plan is rank-based or based on unilevel teams.
PROS OF RISE NETWORK
• It is possible to make some money through the MLM model compensation plan and their affiliate marketing program.
• They offer extensive resources that can be valuable for your business. You get to learn through the weekly sessions, webinars, resources and the teachings offered by the founders.
• You can sell retail products through the Unbox eCommerce platform and make some money doing it.
CONS OF RISE NETWORK
• The monthly membership fee is very expensive, especially when you consider the fact that there are cheaper and better alternatives out there.
• Although there is the option of getting a free account, you can’t make any money using the free account. You have to pay the membership fee to start making money.
• When you sign up with your email address and personal information, you are giving Rise Network the authority to resale your information to third parties without any further consent from you. This means your email will soon be flooded with spam emails and there is nothing you can do about it.
• It is not unique in what it does. Other MLM companies offer similar products in the same niches. Plus, some competitors have better offerings and training resources that the Rise Network.
• It is not easy to make money through their MLM compensation model and their affiliate program, especially considering the fact that people have a negative attitude towards MLMs. This means it will take a long time before you can make a decent income with this platform.
WHAT IS BETTER THAN RISE NETWORK?
Rise Network is an MLM and affiliate marketing platform. I believe there is a glass ceiling to making money with MLMs, because there are only so many people you can recruit.
Affiliate marketing, on the other hand, is a different story. I am convinced that it is hands down one of the best ways to make money online. It has no barrier to entry, so anyone can get started with it, it has an uncapped earning potential, meaning if you do it right, you can make as much money as you want, and it can potentially give you a level of financial freedom you can only dream of.
It is no wonder that almost every marketer online is an affiliate of one product or another.
But how can you get started? Well, that’s where Wealthy Affiliate comes in. Wealthy Affiliate is an affiliate marketing platform that will give you all the tools and lessons you need to supercharge your business. Whether you are a beginner affiliate or a pro at this, you will find immense use for Wealthy Affiliate.
The best part is that you can sign up for free and check out everything the platform has to offer at no risk to you. If you like what you see, you can then upgrade to a paid plan.
If you are looking for a truly legit way to make money online, this is it. But don’t take my word for it. Check out the free program today and be the judge!
Rise Network is a fairly young company, so there is very little social proof to help one determine whether or not it is a scam. However, let’s forget about the social proof for a minute and take a long, hard look at the evidence: the founders have had their fair share of failed companies, they have been accused of fraud before, and they are relying on an MLM model with this company, which makes it incredibly difficult to make any significant income from it.
Also, interestingly, while Unbox E-commerce is presented as a third-party company, Hiteshi and Kevin are shareholders through J & H associates. Which means, strictly speaking, it is not exactly a third-party site.
So, at the end of the day, is Rise Network a scam? No. It is a legit business.
However, it makes a lot of false promises and dupes people into expecting impossible results from them. If you want to make money with this platform, you’ll have to work hard and spend quite a considerable amount of time and energy on it, and even then, it may still not be worth your while.
If you truly want to make money online, there are better ways to do so online. One of these is affiliate marketing. I highly recommend this business model. I also recommend that you take a look at Wealthy affiliate. This platform will hold your hand throughout the entire process and help you build your affiliate marketing business from the ground up. If you decide to sign up (even for a free membership) I will be n the other side to answer any auestions you may have and to help you on your way to financial freedom!
To your success,
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16 thoughts on “Is Rise Network A Scam? Read This Before Signing Up!”
Rise network is really good platform although I haven’t tried it out but I have almost of friends that have used this platform and they have been given me very good report in respect to this platform…….I think I would definitely try this platform out although I am currently a premium member at WA.thanks anyway for sharing.
Thanks for the feedback. I wish you the best of luck in your endeavors. If you don’t mind, could you come back a few months from now with an update? I think a lot of us would like direct feedback from a fellow reader.
Thanks in advance,
Hey, I enjoy a lot while reading your review on Rise Network and find it is very useful for everyone like me. While reading I also know that Rise Network is a fairly young company, so there is very little social proof to help one determine whether or not it is a scam. However, let’s forget about the social proof for a minute and take a long, hard look at the evidence: Thanks for sharing such useful review.
You are welcome Parveen. I am glad you found it helpful!
Hello, A great website, and thanks for pointing out yet another scam MLM site. I guess that we have all fallen for the ‘get rich quick’ line at some point in our journey with online business. Your site is very well laid out and easy to navigate. The text is well written and concise, you also use your images in an engaging way. Keep up the good work and you will have a successful business going forward.
Thanks for the kind and encouraging words! Feel free to reach out to me with any questions at any time.
Thank you so much for sharing with us such a beautiful article about Rise Network. I’m still looking for ways to make a passive income so I read a lot of articles on the internet.I’m glad I found this review. It has really answered all the questions I had about Rise Network. I must admit though, I had my doubts about this particular site. But now, I have clarity. Thanks for sharing. I think this article will benefit everyone. I must say that this article is useful and educational. If you don’t mind, I will share this article on my social media account.
Hi Sabrina. Absolutely. Please share on your social media. The more people we can help educate, the better
Being that it’s just a new company, and considering their failures in the past, you would think that this time they would come up with a more solid and affordable product.
To me, it sounds like Rise Network is designed to just make the owners rich. OK, so you sign up for free, but can’t use the free membership for anything, other than giving them access to your information so they can sell it for profit, earning you a bunch of spam to your inbox.
OK, that right there makes me angry because I have fallen victim to those kinds of programs in the past where they sell your information, I had to delete my email account because I could not even access any email because I would get hundreds of spam.
The next thing is that even if you could make some money with Rise Network, For example, if you joined their affiliate membership, you would need to first invest some really serious money. Since the initial membership will cost you $47 per month, that doesn’t sound like it offers much so you will have to take the Pro, Elite, or the Enterprise membership. I don’t think many people, especially those just trying to learn how to make money online, have money to pay $99 plus $299 per month.
And even if they do have the money, why would they pay that much money when they can get better training for less money.
I think there are better and cheaper ways to learn how to make money online. I think as you mentioned, if a training program is confident with what they are offering, then they should give you full access to the program for free for a limited amount of time, so you can check it out and make a well-advised decision.
If Wealthy Affiliate is willing to do that, then I think it’s worth checking out.
Hi Rose! I see that you read my post very closely! Thanks for that. I hope you found it helpful.
Thanks for sharing this review. I can see that the founders have failed in the past before Just as you have shared in this review. And then they were silent for some time putting another one together. I guess this must be their rising up just like 7up. Maybe that’s why they gave this one Rise Network. Lol, that’s by the way.
I love the fact that this product focuses on e-commerce. As a matter of fact, while I was searching for ways to make money online, e-commerce was my favourite. However, I don’t like the idea of making it an MLM business model and making user’s earning reliable on recruiting members. This is a no no for me.
I think they will provide great training but getting access to the better part of the program looks kinda expensive and not suitable for beginners like me.
MrBiizy, Thanks for commenting. Your analysis of how the name “Rise” came to be adopted is actually pretty plausible I am glad the information i provided in the post was helpful to you in making a decision on which direction to go!
Thanks for the very informative review, Mike. From what I’ve read in your article, this process seems honest and legit, and I will always give a company a chance if they offer me a trial period up front. In this case, the free account.
But the monthly fees make me cautious, even at the elite and enterprise levels. I realize that I need to work hard at first to get my business off the ground, but it may take a long time of hard work and heavy lifting on my end before I can break even and see revenue from my business.
That being said, I am still a firm believer in affiliate marketing and the possibilities of being an entrepreneur with passive income. Your review has given me a lot to think about when choosing the right company.
Hi Isaiah! I am glad you enjoyed the post. My goal is to give my readers the best information about a given product so they can have the data they need to make a decision. As far as affiliate marketing is concerned, I agree with your belief that it can provide you with a good passive income. With a little work, patience and Wealthy Affiliate i believe anyone can launch a successful business with potentially unlimited income.
Hello, Your guide is very useful for everyone. While reading I know that Rise Network is a relatively new product that was launched in July 2020. It is an MLM business model that promises to help anyone who signs up to make a livable income through it. The monthly membership fee is very expensive, especially when we consider the fact that there are cheaper and better alternatives out there. I also love wealthy affiliate.
Hi Naksh, Thanks for your comment! I am glad you found the review helpful.
Wealthy Affiliate is definitely worth taking a look at !
Is New U Life a Scam or Legit? Read Before Signing Up!
Is New U Life a scam? Can you really earn financial freedom by becoming a distributor through them? Is it possible to become rich like many in the company claim?
I aim to answer all of these questions and more in this review. New U Life is new to the multi-level marketing (MLM) and direct sales industry, yet they’ve already made quite the impact.
What do I mean? Well, just keep reading. New U Life is not quite what it presents itself to be and, unfortunately, it doesn’t seem to be for the better.
New U Life Summary
Main Product(s): Health Products (SOMADERM® Gel, KetoGenesis4™, KG4™)
Cost to Join: $199 to $999
Final Verdict: Strongly Not Recommended
Summary: New U Life is a multi-level marketing and direct sales company that focuses on SOMADERM, a product that allegedly improves overall health through the use of a growth hormone.
The company has garnered a lot of attention, though little of it is good. New U Life has been bogged down by numerous complaints, sketchy practices, and deceptive claims. As far as the products themselves, Somaderm actually seems to be the least effective and has the most complaints.
Being a distributor for New U Life isn’t any better. With incredibly expensive starter kits, merely being able to start as a new distributor takes a toll on the wallet.
The stats are already against them considering that the over 90% of all independent distributors/reps for MLMs lose money and end up quitting within a few months (source). But selling a bad product at a high price tag too? That’s just asking for failure.
Keep reading below if you want to know the full story behind New U Life.
Better Opportunity: Looking to work from home and make money online? Then you need to check out Wealthy Affiliate. It’s where I learned how to turn this blog (yes, the one you are reading from right now) into a nice monthly check.
It’s very beginner friendly, easy to use, and walks you through each simple step.
Best of all, it’s completely free to start. Check out my review of it below!
New U Life – The Basics
New U Life is a fairly new multi-level marketing and direct sales company that has a focus in the health industry. Their products are geared towards homeopathic and natural goods.
The company was founded by Alexy Goldstein, a certified homeopath, herbalist, and (allegedly) respected iridologist.
According to the about page, he inherited the family business, became a certified in different health areas, and launched his own line of products. SOMADERM is the newest product launched and is considered the company’s flagship product.
The company advertises their products to be “clinically tested” and “FDA compliant”, putting a large emphasis on how “natural” their products are. And of course, they even have a neat sayings like:
“In our pursuit of greatness, we always have U in mind with the motivation to help you reach your potential.”
It all sounds nice, but how much of it really stacks up?
When you dig deeper into New U Life’s history, you’ll find that there has been quite a bit of controversy surrounding the company.
All companies, especially bigger ones, will have dissenters and complainers over time. But having hundreds of complaints and having regulators constantly looking over your shoulder over the course of just two years is a red flag.
New U Life – The Controversies
New U Life claims:
SOMADERM is the only FDA registered, transdermal product containing legal homeopathic growth hormone that’s available without a prescription
But is this true? After digging a bit deeper, I discovered that these claims weren’t as strong as they seemed to be.
For starters, the legality behind a homeopathic human growth hormone (HGH) conditional. It only applies when a human growth hormone is prescribed by a physician. Anything else, and it’s considered a crime.
And this isn’t a small one either. Anyone caught selling it can face prison time and pay hefty fines. One 70-year old doctor faced 30 months of prison time for promoting HGH for things like “anti-aging”, similar to claims made by New U Life’s distributors.
“According to the FDA, “Distributing human growth hormone to customers in the United States without the order of a physician is in direct violation of Section 303(e) of the FD&C Act [21 USC § 333(e)] and may be punishable by up to 10 years in prison and applicable fines.”
It’s title as “homeopathic” doesn’t help either. The FDA makes it very clear that HGH is not classified under “homeopathic” and thus is still very illegal to sell without a prescription.
Of course, this would only apply if SOMADERM has HGH in it like advertised. And while it does, it’s in such a small quantity that it’s basically not even there.
Here are the active ingredients in SOMADERM:
The ingredient SOMATROPIN is a synthetic HGH. But did you notice the 30X next it?
That means it’s diluted to by a factor of nonilllion. Otherwise known as 1 in 1,000,000,000,000,000,000,000,000,000,000 .
To put it into perspective, that would mean, at best, there would be 1 HGH molecule in 8,000 gallons of water. This matched up with FDA testing of SOMADERM by LC-MS, an analytical instrument.
This hasn’t stopped distributors for making baseless miracle claims regarding SOMADERM. But their promotion has had a negative effect on their customers, as documented by a plethora of negative reviews.
Here are just a few that I found:
This may seem strange when compared to the rating of the Better Business Bureau, which stands at around a 4.5 out of 5.
One reviewer claimed that top distributors encourage their downline to leave positive reviews of New U Life and artificially boost the company’s ranking.
There is evidence to support this theory.
The majority of the reviews (over 60%) were written over the period of a single week. 52% were submitted within the time-span of just two days . It’s highly unlikely that these reviews are organic.
The controversies don’t stop there:
- Distributors are bound by a gag order that doesn’t allow them to speak negatively of the company period . 2 members who did so were quickly sued and the legal proceedings are still going on to this day.
- New U Life is constantly in legal hot water. Goldstein’s previous companies have also been taken to court.
- SOMADERM is not FDA-registered. The FDA merely assigned it a NTC number, which is only really important for purposes of categorization.
- Distributors are trained in questionable recruitment tactics that actively target family, friends, and strangers alike.
- SOMADERM is not actually transdermal. The molecules for the main active ingredient are too large to penetrate the epidermis, let alone anything any deeper.
It’s clear that New U Life continues to stumble more and more as time goes on. Distributors who align themselves with such a shaky foundation are at a higher risk of going down with the company.
New U Life’s Products
New U Life’s flagship product is SOMADERM. It’s supposed to be a powerful HGH product that’s available without a prescription.
As I said before, this is pretty misleading. SOMADERM is essentially water and oil that’s priced at around $170. There’s extremely little HGH in this product. So little that it can’t be detected by high-quality analytical instruments.
New U Life also has two other products: KetoGenesis4 and KG4
These are both ketone drink mixes designed to help you achieve ketosis quickly.
They are simply dietary supplements. They work fine enough, though the price is quite high. But anyone can get ketone drink mixes; it doesn’t have to be through New U Life.
What defines New U Life is truly its SOMADERM, which is rather unfortunate in its current state.
How Much Does It Cost to Join New U Life?
New U Life offers three starter packs for people who looking to become a distributor.
- SOMADERM Starter Kit = $199
- Pro Pack Stater Kit = $559
- Executive Pack Starter Kit = $999
The only difference between the different starter kits is the amount of SOMADERM you end up purchasing.
This is a steep upfront cost for anyone looking to become a distributor, but this isn’t the only cost that you will have to worry about.
In order to become qualified for team commissions and various bonuses, you MUST keep your order volume at a certain number every month.
140 PV is equivalent to about an order and a half of SOMADERM. That is roughly $200 that you will have to shell out each and every month in order to stay qualified.
That’s a lot of money that many people will not be able to afford. The start-up and maintenance costs will be too draining for most people in the long run.
New U Life’s Compensation Plan
New U Life offers 5 ways to earn, though most distributors will realistically only get to take advantage of these 3:
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