Is iCoinPro A Scam? [32% Binary Commissions Per Month?!]
Welcome to my iCoinPro Review!
Is iCoinPro a scam? A tough question to answer today, my friend. That’s because we’re going to go through various sources to verify its legitimacy. Whether it’s a great jumpstart or not, we’ll go through the complete details today.
But before we delve into it, let me first introduce to you the #1 recommended online business opportunity you shouldn’t miss.
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Now we are all set. Shall we dig into the details?
iCoinPro Review - Quick Summary
Founder: Paul De Sousa
Type: Multi-Level Marketing Company
Price: $99.95/month + $40 activation fee (for distributors)
Best for: Nobody.
Summary: Established in 2017, iCoinPro is a multi-level networking company that’s catering to the cryptocurrency needs of the members, particularly in providing the knowledge base of how the entire bitcoin industry works.
Is iCoinPro Recommended? No, I'll tell you the details in a while.
What Is iCoinPro?
Established in 2017, Paul De Sousa founded a network marketing company, iCoinPro, luring members to invest in cryptocurrency. This is a bit similar to Bitcoins Club.
Prior to the lean meat of the membership - obviously earning money from bitcoins - you’re going to go through the learning process involving the foundations of investing, basics of cryptocurrency, etc.
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Along with the membership, you get access to the following training every time and everywhere:
- Understanding Bitcoin and cryptocurrencies
- Process of purchasing Bitcoin and other cryptocurrencies and where
- Learning how to make money through cryptocurrency trading employing the Micro Profit System
- Access to Exclusive Trade Finder and Trading Technologies
- Access to Exclusive Members Only Forums
- Access to Bitcoin and cryptocurrency lending
- Understanding Bitcoin and cryptocurrency buy and sell signals
- Many more!
How Does iCoinPro Work?
Since it’s an MLM, you have to sign-up as one of the distributors of the iCoinPro program through the on-site registration form.
Even if you don’t want to become one of its distributors and focus on learning the foundations of cryptocurrency for personal consumption, you will undergo the same process.
Once you get into the membership after paying the monthly subscription fee worth $99.95, you get tons of knowledge base to learn. This could apply to Roope’s recommended crypto sites worth to try.
While you go through the lessons and other resources they provide, you can immediately apply these principles in your own account and see how the bitcoins and crypto-investments perform.
To know more about how this works, you can watch the video below.
How to Make Money with iCoinPro?
To make money with iCoinPro, you have to take this in different perspectives.
First, you can utilize the learning foundations you did from various training they offered on the account. Other options include becoming a distributor and help the company promotions.
If you opt to become one of the official distributors, you will get commissions in accord with the rank you belong to. Below is a schedule of payments you’d get in rank-per-rank basis.
Fast Start Bonuses
iCoinPro pays out $50 per referral as soon as they register as one of the members and pay $99.95 to get access to the promised resources. This continues to 5-level deep.
Fast Start Infinity Overrides
Given the 5-level deep Fast Start Bonuses, once the referral reaches Level 3, you will start receiving $3 override in every new member who joins under your account.
That means you're going to receive 16% of the total sales volume you get from every binary leg per month. Hence, in every leg, that's a 6% share on your part equal to $2,500 monthly earnings as ceiling point.
The commissions go on until you reach Star Presidential level allowing you to receive 16% of each leg, that's 32% in total. In figures, that's $250,000 per month.
In every multi-level marketing network existing, there's always that term "matching bonuses" in which it allows the members to keep track of the percentage match for everyone you enrolled in your account.
For instance, you enrolled 2 members in that month. You get the chance to qualify those for 100% matching bonuses until 6 levels deep.
That's without the need to review the qualifications for enrollment and is payable together with the Binary commissions every first Thursday of the month.
iCoinPro [UGLY] Truths Revealed!
1. Information Accessible For Free
This is referring to the learning materials you get on the web for free. You simply have to Google it, and you see a lot of resources to learn about cryptocurrency and bitcoin, generally.
You don't have to spend $99.95 per month to get access to these kinds of materials. In fact, you could learn the same things on Udemy for a lower price.
2. No BBB Records
The fact this company doesn't have any records on the Better Business Bureau (BBB), you should feel wary because you can't verify if whatever information they disclose online in any form is legit. Not even its executives, who are responsible for running the program.
3. Strict Quota Per Month
According to the company’s policies, every distributor should keep the minimum of 40 BV in personal volume with 30 days to keep his account active. Otherwise, iCoinPro won't hesitate to terminate the account.
4. No Option For Contract Termination
You have 1 year to work on the required monthly quota, which you have to work on and on to keep your account active.
On top of that, you don't have the right to promote yourself as an agent, not even a partner for iCoinPro. Thus, you don't have the chance to run the business as if it's your own, obviously. Besides, this is a network marketing company.
5. Lack Of Marketing Flexibility For Distributors
When I read the terms of iCoinPro, it's clear to me that the distributors can't touch anything on the product they're selling.
They can't implement flexibility when it comes to promoting the program to their target market. They have to ensure the company approves whatever they're trying to enforce.
Otherwise, iCoinPro won't allow any marketing or promotional strategy they didn't teach in the program per se.
6. No Commission Guarantee
iCoinPro disclosed it on their terms. They wrote, "There are no guarantees of Commissions, only rewards based upon productivity."
Hence, even if you spend $99.95, excluding the upcoming upsells, you can't ensure 100% you're getting the Return of Investment (ROI).
Aside from that, the company can't provide a guarantee to the legalities involved in the business. These include taxes and any other financial-related advice, as well as insurance and liabilities.
They added, "All Distributors understand BEFORE becoming joining or purchasing any product that there are NO GUARANTEED EARNINGS."
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What I Like About iCoinPro?
1. High Ratings
Referring to its official Facebook page, the program by itself garnered 4.7 out of 5 ratings from satisfied members.
Most of them left a review on the dashboard and mentioned the effective and detailed company training provided for them, especially to those who don’t have prior experience with cryptocurrency and trading.
“The whole program is super informative. It teaches you to basically predict the market as to which direction it's going to go. Awesome program!” a satisfied member named Tommy Richardson wrote on the page.
2. Effective Training
This is based on the reviews of most of its members, particularly on the detailed, step-by-step process of teaching the foundations of bitcoins and cryptocurrency in a nutshell.
“I love how the system is set up with the modules and easy to understand directions for setting up your account (s). Before Micro Profit System, I just knew bitcoin existed as some foreign type of currency, and it looked like a roller coaster,” a customer named Lisa Martiniuk stated.
3. Great Responses For Micro Profit System
In addition to what Lisa mentioned, there are many of this system in which iCoinPro is proud. Many of the members gave this a high rating because of its detailed explanation about cryptocurrency as simple as it could that those without knowledge or background about this industry could understand.
According to Andrew Murray, “The Micro Profit System works... and it works for real, everyday people who don't have previous trading experience.”
iCoinPro Review - What Others Say?
“iCoinPro is a great company that [teaches] you how to trade on your own and to be in control of your own money, yet, are always there with continued support,” a member named Tanya Wheelahan shared on the page. She added that joining this multi-level marketing company is the best financial decisions she has ever made.
Given the positive responses from most of the members, assuming it’s a great program is an immediate reaction.
The fact that they acclaim, one of the training called the Micro Profit System and reviewed that it works, is enough to say that indeed iCoinPro provided something valuable to its target market.
Below is a screenshot of the overall Facebook rating they received from their clients, proving the amount of positive feedback to the program and the company, in general.
Is iCoinPro A Scam?
If we dig into it a bit deeper, we could notice a few red flags.
First, the program may look decent, but if you review the terms and policies they disclosed, you will realize that they won’t be responsible for any legalities involved in case if you get into trouble.
Second, you can’t assure 40BV per month. This doesn’t mean to discourage or demotivate someone; however, the company will nonchalantly terminate your account regardless of how much you spent for the program just because you failed to reach the quota.
Third, iCoinPro doesn’t have any records on the Better Business Bureau. Besides, it’s a relatively new company so we could let it slide. But that doesn’t mean you could be complacent without this for the sake of evaluation. It’s best to be safe, my friend.
Lastly, there’s no guarantee that whatever suggestions they may teach you would attract income. They mentioned it on the policies. With that being said, it’s clear to them that you can’t really rely on the opportunities they offer you.
It still boils down on your hard work and constant persistence to work harder to meet the minimum quota and the specifications to rank higher, hoping to get paid more. Yet, iCoinPro isn't a scam at all.
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As I mentioned earlier, and even in my previous reviews about different multi-level marketing companies out there, you can’t guarantee success relying solely on a network marketing business.
Again, this doesn’t mean to discourage you from making an income from it. It’s just a friendly reminder of what you’re going to expect to prevent frustrations in the long run.
For the sake of experience, there are better MLMs that have proven their worth the products they create. Hence, you don’t have to risk a lot of money and time for promoting cryptocurrency that’s plummeting these days. Paying via bitcoins and trading in this industry was a hit in the past.
Yet, the more and more recessions in these currencies, more businesses don’t accept bitcoins as forms of payment. A lot of articles stated this industry is a gamble instead of treating it as a business jumpstart.
This I tell you, my friend. There’s more opportunity you can get online without risking too much. In fact, this #1 online business opportunity has allowed Roope “Robert” Kiuttu, the founder of Your Online Revenue Ltd, and a successful affiliate marketer from Finland, to make $3,000 in a day.
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Now that I shared my thoughts in my “Is iCoinPro a scam?” post, it’s time to turn the table and ask about your experience, in general.
What kinds of experiences do you have with making money with iCoinPro? Is it worth your time, money, and effort?
Do you prefer to begin earning your first passive income through affiliate marketing or you instead invest your time, money, and effort to income-generating opportunities like this?
Let me know in the comments below! 🙂
If you need any help to get started making money online, don't hesitate to ask in the comments below and we'll be happy to help you out!