iCoinPro Review – Is This A Good Opportunity Or Big Scam?
iCoinPro has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling iCoinPro.
I have simply gathered for you all the facts in this iCoinPro Review in order for you to make a proper decision about it.
So, is it true? Is iCoinPro a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is iCoinPro?
In the case of iCoinPro, we’re dealing with an MLM entity that operates within the niche of cryptocurrency.
iCoinPro is based out of Texas in the United States, and this is evident when looking at the policies and procedures agreement for folks that decide to join iCoinPro as an affiliate:
“The State of Texas is the place of the origin of this Contract and is where the Company accepted the offer of the Applicant to become a Distributor and where the Distributor entered into the Contract with the Company.”
In addition to this, I was also able to find that iCoinPro is headed up by Founder and CEO Paul De Sousa.
As per the corporate bio for Susa that’s present on the company website, the man is, “Known for his dedicated leadership and training abilities to help others in the network marketing industry, along with his vast knowledge understanding, and experience utilizing Bitcoin and Cryptocurrencies in various capacities, nobody has more passion and enthusiasm for iCoinPro than our CEO, Paul De Sousa.”
Sousa’s personal Facebook profile shows that he resides over in Johannesburg, South Africa, and there’s no explanation as to why this contradicts with the company’s connection to Texas in the US.
Paul De Sousa has been involved in the marketing world for quite some time, and since mid 2016 at the very least, he’s been actively promoting a company by the name of Gain Bitcoin.
Gain Bitcoin still appears to be going strong, and once you push aside the company’s fancy marketing and advertising, it results in being nothing more than a Ponzi scheme.
In any case, here’s what De Sousa is bringing to the table with iCoinPro.
What Are The Products For iCoinPro?
The iCoinPro website says that the company is a, “source for education, information, and training on everything cryptocurrency.”
This claim is then followed up with the following bit of copy —
“From understanding Blockchain technology, and what different cryptocurrencies can be used for, to buying your first Bitcoin, and keeping you up to date on changes, news, and updates, iCoinPro is the most complete Bitcoin and Cryptocurrency training program available anywhere.”
iCoinPro’s training that it offers for this field costs $39.95/month.
What Is The Compensation Plan For iCoinPro?
When it comes down to brass tax and making money with iCoinPro, affiliates are compensated for selling that $39.95/month membership to both retail customers and other affiliates for the company.
There’s no word as to how much affiliates are paid for these sales, but what I do know is that affiliates for the company are required to first qualify for commissions before they can actually earn anything.
Qualifying for commissions is achieved by generating 40 PV (Personal Volume) every month. This 40 PV rate is equivalent to one monthly membership at that $39.95 price, and you can obtain it either by selling the membership to someone or by purchasing it yourself.
Whenever a $39.95 membership is purchased either by a retail customer or affiliate, they are put into a straight-line queue. This queue is filled with various positions that are filled whenever affiliates join or memberships are sold to retail customers.
When an affiliate is put into this queue, they have the ability to earn on as many as five positions below them.
The rate for the commissions here is 3% of the $39.95/month fee that’s paid by customers and/or affiliates.
Lastly, affiliates can also earn through residual commissions.
This money is paid out to members through the use of a 2×14 matrix system, and here, having a higher rank within the company will allow you to earn a larger percentage on more levels throughout the matrix.
In iCoinPro, obtaining a higher rank is done by recruiting and maintaining so many affiliates or retail customer that purchase the $39.95 membership.
What’s Does It Cost To Join iCoinPro?
In order to join iCoinPro as an affiliate, you’ll nee to pay a membership fee that costs $40.
Along with this, affiliates can choose to self-qualify for commissions by then also buying the iCoinPro training membership for $39.95/month.
Is iCoinPro A Scam?
Have you heard from a friend that iCoinPro is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about iCoinPro – is it a scam or legit?
Good news – iCoinPro is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
iCoinPro Review Conclusion
Even though iCoinPro does technically allow you to focus on selling its monthly membership plan to retail customers, it’s pretty obvious that the name of the game here is centered around marketing the company’s comp plan and recruiting as many people as you can to self-qualify into it and then start earning that way.
iCoinPro’s website offers extremely detailed information on the compensation plan at hand, but you won’t find any specifics for the training that’s supposedly offered with the $39.95/month membership.
Plus, there doesn’t currently seem to be a way to purchase the membership just as a retail customer. At the time of writing this review, the only way to join and get the training materials is by joining iCoinPro as a distributor (aka an affiliate).
Then again, the company’s compensation plan does indicate that you can join as a retail customer.
So, for the sake of judging iCoinPro as fairly as possible, let’s say that the comp plan is right and that you can join as a retail customer.
If this is the case and you want to find out about retail sales activity within the company, simply reach out to your potential upline and see what their retail activity looks like. iCoinPro says that, “A distributor is required to keep all records of Retail Sales for at least four years”, so acquiring this info shouldn’t be difficult at all.
When you do this and your upline isn’t able to show more retail memberships than recruited affiliates, then you’ll know that you’re dealing with a company that’s focused on chain-recruitment and nothing more.
Although there is the technical possibility to put your attention on retail sales with iCoinPro, it’s highly unlikely that this is what’s taking place.
I sure hope that you have found my iCoinPro review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my iCoinPro review to have all the information for you.
If you decide to carry forward with iCoinPro, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.