X-Binary Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that X-Binary is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about X-Binary, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting X-Binary as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about X-Binary in my X-Binary Review – now you can learn all you need to know about it.
Is X-Binary really a legit business?
Is X-Binary a safe business to join?
Let me show you in my review of X-Binary.
Exactly What Is X-Binary?
Upon going through the official website for X-Binary, I came away feeling quite confused and troubled.
Nowhere at all on the X-Binary site will you find any info on who owns the business or who originally founded it, and this is critical to having an understanding of whenever dealing with a potential business opportunity.
The domain name registration showcases the the domain was purchased on September 20 of last year (2016), but there’s no mention of who the owner is or where in the world they were when the registration took place.
Something that did peak my interest was a section on X-Binary’s website that says “X-Binary LTD” was incorporated with the UK Companies House on September 21, 2016. This incorporation is accompanied by an address over in London in the United Kingdom, and the one Director for the company — Ellis Dunn — also features an address in London.
I did a ton of research to try and find some more background info on Dunn, but I came away from this completely empty-handed. There’s literally no mention of Ellis Dunn anywhere outside of X-Binary’s site, and this is unsettling to say the least.
Furthermore, consider the following.
If you want to register a business or company with the UK Companies House, all you need to do is pay a fee of 20 GBP and have a rented mailing address that you can use with the registration.
On top of this, current Alexa rankings for the X-Binary website indicate that Japan is the largest source of traffic as it generates 52% of all the views that the site receives.
Add all of this together, and you come away with three main takeaways —
- Ellis Dunn does not exist
- X-Binary isn’t actually being run out of the United Kingdom
- Whoever is behind the company is based somewhere in Japan
What Is The X-Binary Product Line?
As if the above information wasn’t worrisome enough, things get even worse the deeper you look into X-Binary.
Another big red flag that sticks out to be with this one is the lack of any sort of product line.
There’s absolutely nothing that’s being sold or marketed to retail customers, and as a direct result of this, there’s no chance for retail sales to take place.
It’s impossible for a legitimate MLM opportunity to exist without healthy retail sales, so this is a very telling sign of what kind of company we’re dealing with with X-Binary.
What Can You Tell Me About The Compensation Plan For X-Binary?
Investing money is the name of the game when it comes to earning as an affiliate for X-Binary, and getting started with your membership requires you to invest at least $10.
Doing so will allow you to start earning a daily ROI for 3% for a total of 60 days. X-Binary calls this the XB-Trial tier, but choosing to invest more and more cash will allow you to prolong the amount of time that you earn the ROI for.
If you choose to invest $100 or more into X-Binary, you’re able to keep earning that 3% daily ROI for a total of 80 days. However, if you want to truly maximize your earnings, investing $1000 or more will keep that 3% daily ROI in place for 100 days.
Referral commissions are also available on top of these direct ROI payments, and X-Binary uses a unilevel system to organize them.
Money is paid out as a percentage of what your downline invests, with level 1 recruits paying 10%, levels 2 through 5 offering 1%, and downline members between levels 6 and 10 only paying a rate of 0.5%.
What Will It Cost To Join X-Binary?
In order to join X-Binary and start earning money as an affiliate for the company, you’ll need to invest at least $10 in order to get things started. However, it’s possible to invest as much as $1000 or more if you really want to earn as much as possible.
Is X-Binary A Scam?
If you have heard that X-Binary is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is X-Binary a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My X-Binary Review
If you’re wondering how X-Binary is able to generate the ROI that it’s offering to members, here’s the story that it’s currently touting —
“X-Binary is one of the most innovative and most profitable asset management companies, and it generates highly profitable returns. X-Binary is dedicate to a focus on generating profits exclusively from Cryptocurrency trading.”
That might sound impressive at first, but there’s no information to back up the claims that are being made here. Consequently, it becomes quite obvious that the only identifiable source of income for the company is that of affiliate investments.
Newly invested funds are turned around to pay ROIs that X-Binary owes to members that already exist, and this creates for the makings of a Ponzi scheme.
As with all other Ponzi schemes, only the admin behind X-Binary will end up earning any real money once all is said and done. Most affiliates who end up joining will come out on the bottom, so your best bet is to steer clear of this one at all costs.
I definitely hope you have found value in my Review of X-Binary.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with X-Binary, make sure you take the time to learn how to market yourself!
My training below can help you with that.