Hey, welcome to my iCoinPro Review!
You found your way here because you want to know more about this company called iCoinPro, right?
More specifically, you want to know the answer to the question, "is iCoinPro a scam or a legitimate cryptocurrency training?".
Firstly, I am really proud of you for taking the time to do your own research before purchasing any course or services.
Secondly, that’s how you find the best-proven method to avoid scams and make real money online instead!
I want to make something clear before I go on, I am not promoting iCoinPro or anything, so rest assured.
Now let's cut to the chase and talk about iCoinPro, what it is, how you can make money with it, etc.
By the end of this review, you should be well informed to make any decision you want towards iCoinPro.
Best Suited For: People who are interested in the whole cryptocurrency thing and are willing to learn more about the strategies and techniques necessary for crypto trading.
Summary: A crypto-based MLM company that educates people who are interested in the whole cryptocurrency thing like BitCoin and ethereum. However, the information provided is vague and inadequate.
Recommended: Absolutely not.
What Is iCoinPro?
Launched in 2017 by Paul De Sousa, iCoinPro is a company that offers information about cryptocurrency.
But that's not all that it is, it is also an MLM company.
Being an MLM company means that it uses a multi-level marketing structure to make its money.
The founders Paul De Sousa and Justin Clark are both veterans within the crypto world, both are experienced and knowledgeable in cryptocurrencies.
When I did my research on iCoinPro, I couldn't find any "real" background information on Paul De Sousa and Justin Clark.
No LinkedIn, no Instagram, not even a Facebook profile.
But I did find some information regarding the two seasoned veterans on their website.
Paul De Sousa On The Left (Founder and CEO)
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.
What’s most exciting about having Paul on board is his love for helping others. When you combine that energy with the most powerful Cryptocurrency training program available anywhere, along with a network marketing opportunity unmatched in the industry, it’s no surprise iCoinPro is one of the most exciting companies in the world!
Justin Clark On The Right (The Micro Profit System Trainer)
Justin Clark is well known as an entrepreneur and someone who has made a name for himself in Online Marketing, Business Development, Network Marketing and Campaign Management for almost 2 decades full time.
Justin got a taste for trading cryptocurrencies, and after extensive research, testing and hours and hours of actual real trading, designed and developed the flagship product - The Micro Profit System, which has been a resounding success.
Another thing I noticed while researching iCoinPro is that most of the information about crypto can be found publicly on the internet.
Which is kinda disappointing.
If you are interested in learning about the whole cryptocurrency market or world then it's fine.
But to join their MLM business? Think twice before you do that.
iCoinPro's Product Line
iCoinPro does not offer any physical products for you to purchase or sell.
There is also no physical office or place for you or anyone else to see and touch. But the company has around 20 people at the back office for support.
All doing their work from home.
All they have for you are educational training courses that can help you build your foundation for cryptocurrency.
There are three courses.
- Quick Start
- Core Training
- Advanced Training 1
- Advanced Training 2
The Quick Start training shows you how to buy your first Bitcoin and how to send and receive cryptocurrencies.
You should not skip this if you are new to the whole Cryptocurrency world.
This is what you will get from the core training, 20 lessons that will guide you to a better understanding of Cryptocurrency in general.
Information about blockchain, Bitcoin Myths, mining and how to make money with Cryptocurrencies.
And then after the core training, you have the advanced training that comes in two parts.
Advanced Traning 1 & 2, and these two training courses are more to the point and in-depth compared to the core training.
On Advanced Training 1, you will learn about Ethereum mining, investing, lending and staking.
On Advanced Training 2, you will learn about Bitcoin, Ripple, Dash, Litecoin, etc. They are all cryptocurrencies that are already popular or are about to get popular.
And like I said before, the information you receive from iCoinPro is and can be found on YouTube as well.
The difference is the way it's laid out for you, at iCoinPro everything is explained to you in an easy to swallow manner.
After every lesson, there's a quiz ready for you to take, to test your knowledge and see if you really understand what was explained to you.
Furthermore, they use a system called The Micro Profit System. Their own proprietary trading system that will show you what is worth looking into and whatnot.
To be honest with you, I don't know how much of it is true, maybe very accurate or maybe not.
But here's a Bitcoin and Cryptocurrency Trading seminar for you to learn about one of the core trades of the Micro Profit System.
However, this video is around 2 hours long, so I wouldn't recommend you waste your time and listen if you are not that interested.
Is iCoinPro a Pyramid Scheme?
iCoinPro is not just a crypto training platform, it's also an MLM company where people can make money by referring others to join the platform.
MLM's are often mistaken for being a pyramid scheme, although, sometimes, they are a pyramid scheme in disguise.
The reason most MLM's are being accused of being a pyramid scheme is actually not confusing, take a look at this.
That's what an MLM structure looks like, extremely familiar with a pyramid scheme, right?
That's where the confusion lies, and the way you can earn from an MLM is also very similar to that of a pyramid scheme or a Ponzi scheme.
You make money by recruiting other people to join you.
But that's not the only way to make money within an MLM company, and this is why it sets it apart from those two.
You can purchase a physical product on wholesale price and sell them to your customers on retail price, and make a profit out of that.
iCoinPro would have been a pyramid scheme if all they ever asked of you is to help them recruit more people without offering any value.
And if you plan on joining an MLM company, you better be the first few, otherwise, you will be losing money instead of making.
99% of people who join an MLM company lose his/her money, myself included. (Bad expereince with MLM)
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How Much Does It Cost To Join iCoinPro?
Just like any other MLM company, you are obligated to pay to play. You have to pay a one-time distributor activation fee before you can start making money with them.
Aside from that, you also need to pay a monthly membership fee to be granted access to their training platform.
There are three options to choose from:
- One month - $39.95/month
- Six month - $229.95/6 months
- Twelve Month - $449.95/12 months
There is one thing I don't really understand, with the typical MLM company you need to purchase a package worth of physical products.
And with it, you sell it to your customers and that's how you make money.
But since iCoinPro has no physical product like other MLM's you would think, thank God, no need to purchase any products before selling, BEEP! you are wrong.
You still need to purchase the digital product before you can sell them to anyone who is interested.
iCoinPro's Compensation Plan
The importance of a compensation plan is like a user's guide, without it, you will have a hard time figuring out how to use or do certain things.
And MLM's are known to have very complicated ones, too.
There are 4-ways for you to make money with iCoinPro:
- Fast Start Bonuses
- Fast Start Infinity Overrides
- Binary Commissions
- Matching Bonuses
Fast Start Bonus
You can make $50 on commission if someone you enrolled joins iCoinPro and make the payment for the monthly membership.
You can earn from newcomers up tp 5-levels deep depending on your rank.
Fast Start Infinity Overrides
Aside from the up to 5 levels deep commission from the Fast Start Bonus, you can also get a commission from everyone who joins your downline. There is no max level, it goes as deep as to infinity.
Once a 3-star rank is achieved you will be able to make 3% commissions on all newcomers from your downline who are within the same generation of rank.
To be eligible for the Binary Commissions you need to have at least 1 distributor in each leg, left and right, and if you are a 3-star or above you need to have at least 10.
You can make up 16% on the total sales volume from your weaker leg and monthly binary earnings of $250.000.
With the matching bonus, you will be able to make a percentage of everyone within your own downline.
So the bigger your "pyramid" the more people you have, and thus the more you can earn.
You can read about the compensation plan here, and if you are someone who understands better by watching a video, check below.
Is iCoinPro Accredited By The BBB?
Sadly, no. iCoinPro is not accredited by the BBB (Better Business Bureau).
However, that does not mean that iCoinPro is a scam. If a company is accredited by the BBB it just means it is not as shady.
Does it help with building more trust? definitely. But it is not the end of the world.
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What I Like About iCoinPro / The Pros
1. Crypto Is Magic
I don't want to say that crypto WILL be a big thing again in the next year or so, but judging by its popularity of the last 3-5 years, it might happen again.
The popularity started around June-July of 2017 and it peaked around Jan 2018.
You can see on the graph from Google Trend that it is getting some traction now and then.
Once it hits, you can expect an even bigger peak than the past 5 years.
2. Weekly Webinars
This is great, especially for newbies who are just getting their feet wet for the crypto world.
The founder, Paul De Sousa will be answering all your questions personally on the live webinars.
What I Don't Like About iCoinPro / The Pros
1. The Price To Value Ratio Is Low
The information they provide you with is actually not that great, what I mean by that is, those are general information you can find on the internet for FREE.
When you pay for something you expect it to be something you don't normally see or get.
That's common sense...
2. The Success Rate Is Absurd!
The fact that this company is an MLM company means you will most likely lose your money IF you plan on becoming a distributor.
Close to 99% of the people joining an MLM company, lose their money (myself included)
Is iCoinPro a Scam?
Not at all, iCoinPro may not be the best platform to learn about Cryptocurrency or the best way to make a full-time income with.
But it is not a scam for sure.
Look, here's the thing, the training they provide their members with is insufficient to find success with.
The bold claims about their success, the testimonials, I don't buy it.
You can't find any of them in real life if you were to look for them on the internet, where are they?
I am not trying to be a d*** here, but let's be real.
And if I wanted to learn about Cryptocurrency, I would just read up on articles from Investopedia.
Or a training course from Udemy, I think they provide a lot more valuable information regarding the Cryptocurrency market world.
They are the ones that are really succeeding on an international level, people know about them.
How I Made Thousands Online In 1 Year?
By reading my review on iCoinPro, you should know by now that I am not a big fan of MLM, and that's not because I hate them or anything.
I, personally, had a very bad experience with MLM thus why I am not recommending it to anyone.
However, there is a business model I do recommend, and it's called affiliate marketing.
The reason why? let me tell you why.
- You do not need to purchase any product to make money.
- You do not need to recruit people to actually make money.
- You are not limited to what you want to promote.
And the best thing is, it is completely FREE to get started with.
I lost thousands of dollars in pursuit of financial freedom, and then it happened. I have been making $3.000 dollars month after month.
After years of pursuing financial, time and place freedom, after burning those midnight oils and work my butt off as a manager in a phone shop, I am finally able to live the paradise lifestyle I deserve.
I know you can do it, too.
If you want to know about my secrets and how I turned my life around in less than a year, click here.
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