iCoinPro Review – Is It A Scam Or Legitimate Business?

As someone who has followed MLM companies for years, the idea there is a cryptocurrency MLM seems a little bit crazy to me. However, as you will see in this iCoinPro Review, that idea is not crazy and actually make sense.

  • Name: Name: iCoinPro
  • Price: $39 per month or $99 per month
  • Owners: Paul De Sousa
  • Overall Rank: XX out of 100

iCoinPro Product Overview

It is possible to get an initial favourable view of iCoinPro because it has no offices to speak of, and all their staff work from home. That small footprint is attractive and is a point for the company.

The company’s mission is to ensure its members have the best tools, products, and more available to work in the cryptocurrency market. The driving motivation behind the company is to teach others how to invest in the cryptocurrency market.

You get education, training, and information about the cryptocurrency market when you sign up, including Bitcoin. It is possible to sign up and market the memberships if you do not feel that you have the talent to be a Bitcoin investor.

Opportunities to be a distributor are available on the website, and the website is your standard MLM design. By that, we mean the site is designed to get you to sign up as a trainee or a distributor.

There is little information on the landing page, and you have to keep clicking buttons to get all the information you need about the company. There is a training page button but be careful. If you do not live in the approved country, you won’t see the initial video.

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iCoin Pro Review: The Good & the Bad

The Good:

  • It is a new company great for ground floor entry.
  • It works in the cryptocurrency market.
  • You do get some training.
  • There is an opportunity to make money. Several compensation options.
  • You are your own boss and work your own hours.

The fact that iCoinPro is a new company is easily explained. The industry is new.

In terms of the ground floor, I have never seen that as a negative. There are people starting today in companies like Amway and Avon. They will be successful if they choose to. The age of the company and MLM business opportunity is irrelevant.

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The Bad:

  • Complicated compensation plan
  • 1% success rate
  • Pay to play
  • The pressure to sell to family etc.

The success rate in MLM businesses is still meagre. It is actually better in overseas markets.

At one time, the failure rate used to be 95%. The Internet has improved that little, but you still need online marketing skills that most do not have.

Who is iCoinPro for?

iCoinPro Review - who is iCoin Pro for

One good target participant would be those people who are dissatisfied with traditional money markets. Cryptocurrencies like Bitcoin are attractive as it gets your wealth out of the hands of the government.

Plus, this online money-making business is for those people who excel at MLM business opportunities. It is another product that deals in a unique market, and it may capture the attention of potential investors who have some extra cash they would like to invest.

Finally, it is for those people who like non-traditional careers and like the thrill of selling unique products to people.

iCoinPro Review: Tools & Training

There is a special web page on the company’s website that leads you to their training program. The downside is that you have to sign up first and give the member the name referring to you.

It does seem that they have an extensive training program with lots of information to help you get started in the Bitcoin industry. The fact that they do train is another point in the company’s favour.

iCoinPro Support

Another point in their favour is that they do have a support email address you can use. They only allow contact by email or snail mail, so that may take that point away. No one is talking about the support now, and it may not be as good as one would hope.

iCoinPro Review: Price

There is no doubt this company is a pay-to-play outfit, and as the training web page clicks the get started page button, you are sent to a page requesting the member’s name who referred you.

If no one referred you, there is a button to take you to the personal information page. What brought the sticker price shock is on this page; there is a sign-up option one. Most websites reviewing the company mentioned, the opportunity cost is $99, not the $39 a month. Although if you want to be a distributor, you can pay a $40 one-time fee.

Oh, and that fee is $99 per month, and it is not a one-time payment. This is not a cheap company to sign up with. As far as we can see, there are no upsells to purchase afterward, but the sign-up fee is high enough.

After you sign up, there is a compensation plan that pays you for your efforts. The company lists 4 ways to make your commissions, but getting paid is complicated.

We will not detail here as it would take up too much space to explain how you get paid.

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iCoin Pro Compensation Plan

I went to YouTube and found this 8-minute video showing the revamped compensation plan for iCoin Pro. This is the most current comp plan and shows 4 main ways to earn money. 

1. Fast Start Bonus. You earn $50 when you enroll a new member. These are paid weekly, and they have additional income up to 5 levels deep.

2. Fast Start Infinity Overrides. Once you are at the 3 Star level, you can earn a 3% fast start overrides, paid every Wednesday.

3. Binary Commissions. These are paid monthly on monthly volume. You can earn up to 16%.

4. Matching Bonuses. These are based totally on enrollments.

This compensation plan can be hard to understand, and I have found that most people really do not care until they build their own group. On average worldwide, network marketers only enroll 2 new members into their downline. This means you focus on product sales to make money.

You can view the iCoin Pro compensation plan here.

My Final Opinion of iCoinPro

Cryptocurrency may be too complicated for most people to get involved with. Thankfully there is training, but that training may not be enough to help people who have difficulty wrapping their heads around technical details.

If you like MLM products and companies, then this may be the company to go with. Its product is unique and very interesting. Just make sure you know the compensation details before you sign up.

This is not a company or product for everyone, especially if you do not have $100 to spend every month just for training and the privilege to sell the product. Our advice is just watching your step and making sure this is something you can promote to others.

While it is not a scam or a pyramid scheme, you are most likely not to make a lot of money selling this company’s products. Unless you work hard and find a good market to work in, that applies to other cryptocurrency companies out there.

A Word On MLM

iCoinPro Review - icoin pro binary layout

Why will you find negative or scam reviews? Almost always, these are people who are negative on MLM in general.

They do not like the business model and give poor rankings to just about every company. They use words like a pyramid scheme and scam business.

Network marketing is not a pyramid scheme business model. This has been proven over and over in court for many years now.

As long as real products are being sold to customers, MLM products are no different than any other business. The difference is in how they are brought to the marketplace.

MLM companies are direct sales companies. Like Amway, Avon, Tupperware, Watkins, Mary Kay, and many more, some of these have been around for what seems like forever. Amway is over 60 years old now.

Do you think a scam business would survive for 60 years? Of course not.

You Gotta Sell

If you focus only on recruiting new members into your downline, you violate the FTC. You need customers paying retail for your products.

Only then can you focus on sponsoring and working with your downline. I think this is great, and iCoin Pro puts a big focus on getting customers. This is evident in their pay plan.

iCoinPro Review Final thoughts

Let me summarize my iCoinPro review this way. From my research, this appears to be one of the better opportunities in the financial business opportunities.

If you want to help people learn about trading cryptocurrencies, this is a business opportunity you can do it with. I pulled this off of their website…..

“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 complete Bitcoin and Cryptocurrency training program available anywhere.”

If you are really interested in creating your own home business, check out my #1 recommendation on building a successful business, where you can get access to hundreds of training videos, 24/7 support, professional consultations, private access to my training guide and much more.

iCoinPro

$39 per month or $99 per month
0

Product

0.0/10

Support

0.0/10

Overall Quality

0.0/10

Pros

  • It is a new company great for ground floor entry
  • It works in the cryptocurrency market
  • You do get some training

Cons

  • Complicated compensation plan
  • 1% success rate
  • Pay to play
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Home » Product Reviews » iCoinPro Review – Is It A Scam Or Legitimate Business?

30 thoughts on “iCoinPro Review – Is It A Scam Or Legitimate Business?”

  1. Hello, I really want to first appreciate your effort in putting this great website together and writing this article. cryptocurrencies now rules the world to a large extent and in depth understanding of how it works is what icoin pro can give. this is why i am interested. thank you for the review

    Reply
    • Yes indeed, this is the first time I ever get a detailed understanding of cryptocurrencies when investigating iCoinPro. It is always good to get involved with new companies that starting out, but keep in mind that there are risks involved. I will keep a watchful eye on this company in the months ahead.

      Reply
  2. The product on offer with iCoinPro is unique and attractive. As you rightly pointed out, it is a relatively new company and that owes to the fact that the cryptocurrency market is new as well. There appears to be quite a good number of advantages that make this a very suitable company to partner with. The idea that it teaches and deals cryptocurrency as its trademark product makes it very appealing. But I must say, the statistics about the success rate of MLM models are disturbing. Thanks 

    Reply
    • Rhain, yes, MLM does have a bad name, but look at all the successful MLM companies that I have mentioned? if the sole idea of recruiting to make money, they FTC say is a pyramid scheme. But once there are products to sell, then it is a legitimate business. if this company focuses on training its members, I believe they would grow to be successful.

      In any business, training is the most thing that companies lack, this is for one reason I always direct my audience to Wealthy Affiliate, there is where I get my training and ability to help others to build a successful business of their choice in Affiliate Marketing. Thank you for the feedback.

      Reply
    • it’s all a scam, I traded with different brokers, most of them disappear when I make a withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they can build your trust and after that, they begin to make large requests.

      I lost a lot to these fraudulent brokers, I was depressed for months until I was recommended to a Binary options trade funds recovery expert Mr Gary Wilson when I met them I didn’t believe they could get back my money because I have been scammed a lot already and didn’t know what to believe, but my gut feeling told me to give it a try and I did.

      Please feel free to contact them via their email address: davidmillerper@gmail.com and they will help you to claim back your lost investment from your scam broker, I was obligated to recommend them for the good service which they offered to help my issue with my broker.

      Reply
      • David, sorry for your ordeal with this business. If you need help getting started with a home business of your choice, please take a look at my recommendation and get started for free. If you decide that is a business that best fits you, I will personally work with you with a team of experts. We will help you meet your goals and work with you until you see success. You can take a look here.

        Thank you for providing the resources to help others get back their investment, I will move forward to insert this email into my post so that others would try to seek some help the same way you did. It is difficult with all that is happening for people to be scammed from their hard earn dollars, and I thank you for speaking bout about this company.

        David

        Reply
  3. Many thanks to you for giving us such a beautiful article and I came to know about iCoinPro through your article. I have been doing affiliate marketing for a long time and I wanted to earn affiliate marketing as well as some other way and since I have worked with iCoinPro, I think it is a great medium for growing online. Many people will know about this after reading your article and I ask permission to share your article on my social media because I think if I share it on social media, many will know about it.

    Reply
    • Arzu, please feel free to share this article with your followers. I hope they would get value here to help them in their business or to start one from scratch.

      It is great that you are in affiliate marketing, I believe is the most successful avenue for people to get started and earn an income from home. wish you all the best.

      Reply
  4. Many thanks to you for sharing such an excellent article with us. iCoinPro teaches you how to invest in the cryptocurrency market and their purpose is to ensure the best equipment and product. From your article, I learned that this is for people who like MLM marketing as a career, and its product is unique and extremely attractive. 

    I can see that this is not a scam and it is possible to make a lot of money by being well established in the market through hard work. The company provides training and support in many ways and provides business opportunities. iCoinPro seems to me to be one of the best opportunities for financial business. And I think this is one of the most important opportunities for business success online.

    It seems that you have the experience by working with Wealthy Affiliate, I will definitely signup here and share my new experience with your business soon.

    Reply
    • Thank you for reading my review in its entirety. iCoinPro is new, and this could be a good or bad depending on where this company is heading, and what are the tools they are using to get there.  They are a legitimate business because they are dealing with a physical product in cryptocurrencies.

      Although this business will work for experienced MLM marketers in the long run, it would be difficult for the newbies coming on board. This is the reason I recommend newbies to train in online marketing first and start with affiliate marketing to earn money in a shorter period of time.

      Reply
  5. Hi, I’ve heard that cryptocurrency is very hard work. It is not easy to understand. So to get into a new MLM company based on cryptocurrency, I think you should have an interest in it. For sure. Hey my own opinion, if I’m going to get into MLM, it doesn’t make a difference to me whether it’s a new company or it’s been around for a long time. Either way, I’m going to have to do hard work.

    Reply
    • Hey Jake, I believe that nothing good is easy to acquire, and in any business to be successful, we have to put in the work. The good thing is that once the hard work has established, we can reap that benefits for years to come. We do not have to work hard every day as a normal 9 to 5 jobs working for someone else. Thank you for your insight.

      Reply
  6. An MLM model type of business is usually a legit business. However, in this instance, it is for the cryptocurrency. As many people are burned by the crypto trading and it is often associated with scams. As you said, it is much harder to penetrate the target market as the barriers are much more. When trust is lacking, it is hard to sell. 

    However, it is not impossible as long persistence is there. Endurance is required in this market. Only those portraits these traits can see the result after a hard battle. 

    Reply
    • MLM companies have had their bad name in the past although there are good ones that have to withstand the test and are still operating today. Although it may be difficult to get in today and become successful, there are times that you still here about a few success stories from time to time.

      Today most people are finding success with affiliate marketing, that is why businesses like Amazon are growing at a rapid rate.

      Reply
  7. It was hard to sell in any market because 95% of all traders never made it, and most within just a few months realized they would never make it. They usually go bankrupt or have much worse classic research results in a safe investment that you invest in and then push to grow. Contrary to popular belief, the crypto market is, for various reasons, most difficult for beginners.

    Reply
    • Yes, Kozakiv, the failure in marketing cryptocurrencies are very high, and since recruiting people is one form of making money with this program, that would make it a difficult task for beginners and the less experienced network marketers.

      Reply
  8. I can’t phantom myself joining MLM again after a bad experience I had with a previous company and it was just the selling of regular products. Merging something as complicated as cryptocurrency is going to make selling even more challenging as I think the general market still isn’t sure what to expect from the crypto investment for the next few years to come. This is a pretty tricky one. 

    Reply
    • Although certain parts of the world, like Malta, Bermuda, and Switzerland, cryptocurrencies are making a huge impact, marketing this product to earn money online only time will tell with this new company. maybe in years to come it might be received by more as they make their name.

      Reply
  9. Hello Bishop, thank you for sharing this helpful review of iCoin Pro to help us make a well-informed decision. I love the fact that this company deals with Cryptocurrencies. Most persons I see in the cryptocurrency market do not have good knowledge of the currency and how to be successful with it. It’s a plus signing up with this company considering the fact that there are training included. 

    Being an MLM business model sounds really cool tho. However, the cost to join in and even sustain membership is really high. To be successful in MLM, it requires lots of work and good knowledge to thrive. I think the knowledge from internet marketing is applicable in every business and would help the business thrive. So right now, I want to chase internet marketing first before I can look elsewhere.

    Reply
    • Any company that offers training to its members has a lot to say about that company and that they have their member’s interest at stake. as a new company, only time will tell as their marketers equipped themselves to understand the cryptocurrencies market and figure the right approach.

      There are experienced network marketers that would reap the benefits with this company, but for the newbie coming on board, they have their work cut out for them. But whatever person put their heart into, becoming successful will be within reach. I will keep a close watch, and see where they are heading. Thank you for your thoughts on this review.

      Reply
  10. Nice review. A lot more people tend to see MLM or even write about it as a scam or illegitimate business which is very wrong. Just like you said, there are many MLM companies that have been in the business for years and still thriving this year 2020. 

    The problem here is that MLM is just not for everyone. In fact, I believe it to be for professional marketers. If you’re just a beginner then it will be very difficult to make sales. 

    Where I feel is illegal is when they focus more on recruiting instead of their products. I think people need to look carefully and study the company’s compensation plan, their customer support and everything about them before getting involved. 

    Reply
    • Yes, Leon, MLM has had their bad name in the past, and today they still are being targeted as scam companies, and that is because of the bad ones that either closed down or have been investigated by authorities and deemed as a scam. and now when the legitimate ones like iCoinPro come along, a red flag is up without marketers doing their due diligence to look into these companies first.

       For one reason I promote affiliate marketing because for the newbies and less experienced, the success rate are higher than MLM companies. As you rightfully said, one has to be very experienced to work with these MLM business models.

      Most companies that were forced to close down in the past is because their main focus to make money was recruiting people. iCoinPro has a combination and this is the reason they are legit because cryptocurrency is a real product.

      Reply
  11. You’ve really written intensively on IconPro I must say. I have no idea about the company. I love cryptocurrency. But to me, it’s very complicated to learn and have not seen a much better course for beginners. Well, I’m still trying to wrap my head around everything to see if this is worth my time and money.

    Reply
    • Investors may profit well with this business. If you have some extra money lying around, wh not. Risk takers are the ones who went on to build empires. For the newbies, while learning to understand how to market this product they will be paying a very high monthly member fee. It is a high cost to dish out on a monthly basis when the success rate is so high. thank you for the input.

      Reply
  12. These people cannot process a withdrawal I invested $45,579.00 with the broker wise banc and won a bonus of $156,834.000 I wanted to make a withdraw and they can’t process it, I have been trying to get my money out since mid- July 2019.

    I have given them all my banking information: routing number, acct number … and they cannot manage to produce the withdrawal. I kept getting messages saying they are working on it, I wasn’t able to withdraw my money from the account, though I was not gonna see this day God so kind. I was able to get the solution to my withdrawal issue with my broker wise banc with the help of a recovery expert Mr. Chris Elliot, who was recommended on the broker reviews, who helped me recover my funds including my bonus. I would not trust Wisebanc to ever make my withdrawal go through so I had to seek help elsewhere and they already closed my account.

    They seem dishonest, I am happy I could get back my money from them, I advise everyone out there to be very careful with the brokers they invest their money with, in case you are reading this and you are already a victim of this fake binary broker, there’s still hope to recover your funds, feel free to reach out to Mr. Chris Elliot via his email address:chriselliot725@gmail.com and he will guide you on a simple step to take and get back your investment.

    Reply
    • Susan, I am happy that you got your money back after being through such an ordeal with this broker. I am happy to leave this information on my website so that others will know what measures they should take and why they should stay away from this program.

      I am happy That Mr. Chris Elliot was able to come through for you and that others in the same situation and able to see this post to get help as well. I will move forward and forward people to this comment if they find themselves in the same dilemma. Thank you for the honest feedback and detail information.

      Best Regards.

      Reply
  13. My advice to anyone, stay away from these new Forex, Crypto and Binary option companies, and to withdraw their funds fully after making your first profits. I have been scammed badly by several binary option companies. But I’m glad today cause I have had all my funds returned including my profits. Thanks to an expert. You can reach me to relate for help if you’ve also lost money trading; Susiebell2009 at Gmail dot com

    Reply
    • Hi Susan,

      Sorry to hear that you had a bad experience with those types of companies. I can relate to that as well, but unfortunately, I was not able to get my money back so I learned my lesson.

      Although I heard some bad experienced about ICoinPro, I also know of a couple of people who had success with this company, but the success rate is little or none. But I would agree when you say that we need to stay away from companies like these.

      If I hear of anyone who had a bad experience I would give them your email address, and those who read this Review can grab it right here from your comment. Thank you for providing that to my audience.

      Reply
  14. My advice out there to traders is for you to be wise before you invest in any binary options broker I was scammed $195,000USD by an online broker but at last, I found someone who helped me to recover all my lost funds back from a scam broker that stocked my capital with an unregulated broker through the aid of INTERNATIONAL RECOVERY AGENCY (IRA).

    I was able to recover all my lost funds and bonuses back. If you need any assistance with regards of your lost funds from your broker or maybe your broker manager asking you to make more deposit before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account, you can reach out to them Via synergy at Gmail

    Reply
    • Hey Jack, sorry to hear that you were scammed all that money, but is comforting to know that you were able to get all back from this synergy company. You probably had to pay for their service. I know a lot have people who tried investing in this new cryptocurrency that become very popular. You are so right about having experience before trying to make any investment.

      I am not a fan of this business and not looking to invest, because of the vast majority who I have heard that lost money. The monthly fees are too high, and the training does not equip a new person about the industry and the right investment to make. Thank you for your feedback and insight here.

      Reply

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