Is Icoinpro A Scam? No, But It’s Risky

icoinpro

I’ve been emailed by several people asking me is Icoinpro a scam? And if you’re here you’re asking yourself the same question.

Now I wouldn’t call Icoinpro a scam, but I know it’s something I would never get involved with.

And I’m going to tell you why. And after reading my thoughts about Icoinpro maybe it can give you a better perspective on whether you should get involved with this company or not.

Now, I’m simply here to show you the pros and cons of IcoinPro and give you my personal opinion. What you decide to do after reading my review is up to you.

Alright, let’s get to it.


Quick Overview

Product Name: IcoinPro

Price: $99,95 per month. Plus, an optional one-time $40.00 Distributor Activation Fee.

Owner: Paul De Sousa and Justin Clark

Type Of Product: Bitcoin and Cryptocurrency Training with an MLM earning structure

Overall Rating: 2/3

Recommended: NO – keep reading and you’ll see why


#1 rated program

So, What Is IcoinPro?

IcoinPro is unique in the fact that it’s a cryptocurrency training platform. But it offers members the opportunity to not only use the training to make money within cryptocurrencies. But you can also make money promoting Icoinpro (distributer).

And the compensation structure for being a distributer of Icoinpro is based on an MLM compensation plan.

Who Is IcoinPro For?

This type of training and money-making opportunity is best for someone who is willing to take the high financial risks involved in this type of currency trading.

As for the MLM aspect of this opportunity. A person that likes to constantly be recruiting people to make their business work and has no issues with not owning their business.

What Training And Tools Can You Expect?

As I said this program is all about training you on how to make money trading in cryptocurrency.

Now the training is set up so you cannot skip ahead. After each training module you have to complete a quiz and pass it in order to move to the next module.

I like that it’s set up this way. It ensures that you’re not just skimming through things and that you have gone through each training session.

Quick Start – Buying Your First Bitcoin

In this lesson, you’re going to learn how and where on the internet you can buy your first Bitcoin.

Core Training

Here you’re going to learn everything about Bitcoin and cryptocurrency and how it all works.

  • Introduction to Monetary Systems, Currencies and Cryptocurrencies
  • The Birth of Cryptocurrencies and Blockchains
  • Bitcoin Myths
  • Benefits of Cryptocurrencies
  • How Do Cryptocurrencies Work?
  • Wallets
  • How to Acquire Bitcoin
  • Cryptography and the Security Behind Cryptocurrency
  • Blockchain
  • Block Explorers
  • The Value of Cryptocurrency and Bitcoin
  • Core Overview

Advanced Training 1 & 2

As the training title suggests this module is about the more advanced options when dealing with cryptocurrencies.

Advanced 1:

  • Security
  • Alt Coins Overview
  • Cryptocurrency Exchanges
  • ICOs Explained
  • Security – Protecting your investment
  • Will The Real Bitcoin Please Stand Up
  • Privacy Coins

Advanced 2:

  • Making Money from Cryptocurrencies
  • Make Money by Mining Cryptocurrencies
  • Make Money by Investing in Cryptocurrencies
  • Make Money by Staking Cryptocurrencies
  • Make Money by Lending Cryptocurrencies

The Micro Profit System

This is the heart of the system that is designed to lead you into becoming a full time trader.

The first 2 modules teach the trades

  • 1) The Micro Profit System – Buy the Squeeze
  • 2) The Micro Profit System – Buy the Drip

Modules 3 & 4 teach you how to evaluate potential trends. Is a coin potentially at the top or at the bottom. And is it heading from the bottom to the top.

  • Micro Profit System – RSI Rider strategy (new method)
  • The Micro Profit System – 5 up 5 down strategy (new method)

The Micro Profit System – Resistance Levels and Ladder Buying (new method)

This training talks about when coins are trading and how they can hit a point where there’s potential resistance.

Exchange Training

Binance A-Z – the buying and selling of coins and how to set this up.

Tracking Sheet

Cryptocurrency Trading Profit/Loss Tracking Sheet.

Exchange Calculators

These calculators show you where you need to be to make certain profits.

  • Poloniex Profit/Loss with Fees Calculator
  • Bittrex Profit/Loss with Fees Calculator
  • Bitfinex Profit/Loss with Fees Calculator
  • Binance Profit/Loss with Fees Calculator
  • GDAX Profit/Loss with Fees Calculator
  • Bitstamp Profit/Loss with Fees Calculator
  • Kraken Profit/Loss with Fees Calculator

Ladder Buying Calculators

You can use these calculators to help get you back into profit for coins you have bought at a high price point and the trade starts to fall.

  • Poloniex Ladder Profit/Loss with Fees Calculator
  • Bittrex Ladder Profit/Loss with Fees Calculator
  • Bitfinex Ladder Profit/Loss with Fees Calculator
  • Binance Ladder Profit/Loss with Fees Calculator
  • GDAX Ladder Profit/Loss with Fees Calculator
  • Bitstamp Ladder Profit/Loss with Fees Calculator
  • Kraken Ladder Profit/Loss with Fees Calculator

IcoinPro Signals and Tools

Here you have access to the ICoinPro Trade Finder, RSI Spy, The Fear and Greed Index and the Oversold Index.

The Trade Finder searches for trades.

RSI Spy (relative strength index). This shows you when a coin is potentially at the top or at the bottom.

The Fear and Greed Index tracks the overall sentiment of the marketplace. You can find this at Alternative.me

The Oversold Index – simply put, green means go on this index.

  • How to use the Trade Finder (new)
  • How to use RSI spy (new)
  • How to use the fear and greed index (new)
  • How to use the Oversold Index (new)

Calculators

Use these to help you set your financial goals as a trader.

  • Compound Returns Calculator
  • Squeeze Calculator

The Micro Profit System Bootcamp

  • Boot Camp Week 1 – Buy the Squeeze
  • Boot Camp Week 2 – Buy the Dip
  • Boot Camp Week 3 – RSI Rider
  • Boot Camp Week 4 – 5 up 5 down
  • Boot Camp Week 5 – How to trade the markets
  • Boot Camp Week 6 – Boot camp recap

Additional Training

These are additional micro profit system training videos.

Coin Watch

This covers all the different coins and information on those.

IcoinPro Forum

This is their paid member only forum where you can post, search, ask questions and interact with people from all over the world.

Misc. Tool

Here you’ll find a glossary of terms related to cryptocurrency as well as safe links to sites you’ll be using as a cryptocurrency trader.

Marketing

This is training on how to market Icoinpro.

How’s Do You Make Money?

You have 2 ways. First you take the training and become a cryptocurrency trader. Or you can promote the IcoinPro training program and make commissions from doing that. And of course, you can choose to do both.

What you make as a trader depends on your skill as a trader.

As a distributor the compensation plan is MLM based on 2×14 unilevel structure comp plan. Now as with all MLM comp plans they can get complicated. But here’s the gist of things.

Fast Start Bonus

For each new member you bring into IcoinPro you will earn $50.00. You can earn commission on 5 levels in your downline. They call this your Enroller Tree organization.

icoinpro fast start

Fast Start Infinity Overrides

On top of the 5 levels of commissions, you earn through the Fast Start Bonuses. You can also qualify to get paid on all the people who join your Enroller Tree organization. And this goes to infinite levels deep as you advance in rank.

icoinpro overrides

Binary Commissions

With these commissions, you can earn up to 16% of the total volume in your smaller binary leg each month. Plus, matching bonuses.

icoinpro binary commissions

Matching Bonuses

Here you have the opportunity to get paid a percentage of all of the commissions that everyone in your enroller tree organization earns in their binary each and every month down 6 levels.

These matching bonuses are not dependent on your rank. They depend only on enrollment.

So, it breaks down like this:

icoinpro matching bonus

What’s The Price?

This is a monthly membership and the cost for that is $99.95. If you also want to market IcoinPro as a distributor there is a onetime distributor fee, and that’s $40.00.

What I Like About Icoinpro

#1) In Depth Training

The training is very good and seems to cover everything you’re going to need to know to become a cryptocurrency trader.

#2) Two Options For Making Money

Not only do you have the opportunity to make money as a cryptocurrency trader. You also have the opportunity to sell the IcoinPro membership itself.

So you can do one or the other or both.

#3) Facebook Forum

As a paid member you have access to the private Facebook forum.

What I Didn’t Like About Icoinpro

#1) High Risk

No matter how they dress it up trading in cryptocurrency is a high-risk venture. I’ve always noticed that programs like this always focus on the positive end result and the ease of how to do things.

But they NEVER really go into the dark side of things. They never really tell you that what you’re doing is risky and there is a high probability that you’re going to lose money.

And because of that, I think a lot of people convince themselves that they will make money and the money there are willing to invest is really not at risk.

That’s fools thinking.

The ONLY way you can get into this type of trading or any type of trading for that matter. Is if you have money that you can lose.

And I’m talking about money that you could take and flush down the toilet and it will not affect you one bit. It’s like you never had it.

If you can do that, then you can invest in risky opportunities like cryptocurrency trading. If not then you can’t. It’s as simple as that.

#2) IcoinPro Distributorship Is An MLM

Now you can forgo risking money on investing in cryptocurrency and simply be a distributor and promote Icoinpro. But you need to understand that you’re now involved with an MLM.

So, this means your business is going to rely on you constantly recruiting people so you can make money.

Are prepared to do that?

Here are some scary statistics when it comes to MLM.

  • 99% of people that join MLMs lose money. Which means only 1% of MLM participants will make money.
  • A minimum of 50% of MLM representatives drop out in the first year.
  • 80% of MLM’ers will earn only 70 cents per hour after expenses.

You have better odds of making money if you went to Las Vegas.

The cold hard truth is MLMs are pyramid-structured businesses. And as the statistic proves it’s the people at the top of the pyramid that make the money.

#3) You’re Paying For Something You Can Get For Free

There has been and still is a big interest in cryptocurrency trading. And because of that, you can find all of the information that IcoinPro is selling for free if you just spend a little time online.

I did a search on Google for “how to trade cryptocurrency”. And I found several very reliable resources for training about cryptocurrency trading.

google search

You can also find top-level training in Udemy from trainers such as George Levy and many others that provide excellent training for a one-time fee.

#4) Not Your Business

If you’re not risking your money doing the trading and you’ve decided that all you want to do is promote IcoinPro. Then you need to keep in mind this is not your business and it can be taken away from you at any moment and there’s nothing you can do.

And by that I mean the owners of IcoinPro can decide that they no longer want to have an MLM pay structure attached to this business and decide to close it down.

And if they do that than your business and any money you’re earning can go away in a blink of an eye. You could literally go to bed with a business and wake up without one.

And this just does not apply to this company, that applies to all MLM companies.

You want to be in complete control of your business right from the start and not have it be controlled by someone else. And you’re NEVER in total control with an MLM business model.

My Final Opinion Of Icoinpro

Cut away all the talk about how easy it is to trade crypto and how all their tools will do the work for you and you’ll be able to make all kinds of money. There is still a HUGE financial risk involved.

And if you don’t have the money to risk, then you can’t start trading. I don’t care what anyone tells you.

And if you’re thinking of the MLM opportunity don’t forget the dismal success rate of people that get involved with MLM.

MLM is just a bad business model. And the thought of constantly recruiting people has zero appeal to me. Which is one of the reasons I never got on board with MLM.

Plus, the other reason why I never got on board with MLM, is that I would NEVER own my business. It could be taken away at any time, and there’s not a thing I could do about it. No thank you!

So, for me personally no matter how I look at it, there is no way I would join IcoinPro nor would I recommend it to you or anyone one else.

There Is A Far Better Way To Make Money Online

Do you know how I make money online? Affiliate Marketing. And I’ve been earning a full time living as an affiliate marketer since 2005.

By far affiliate marketing is a much better way of making money online.

  • The startup costs are minimal (less than $50).
  • You don’t have to be constantly recruiting people to build your business.
  • You own your business, no one can take it away from you or close it down.
  • You can build your business around your hobby or passion.
  • Makes no difference where you live. You can build your business from anywhere in the world.
  • Unlimited earnings.

If making money as an affiliate marketer sounds attractive to you then I recommend you take a moment and look at Wealthy Affiliate.

They’ve been helping people build thriving online affiliate marketing businesses since 2005. And they can help you too. Everything you need to succeed is all under one roof. The training, the tools, the resources and the live 24/7 support.

And currently there are over 2.5 million people (and growing) taking advantage of what Wealthy Affiliate has available.

And the best part. You can check out everything wealthy affiliate has for free.

To find out more just click the green button below.

click here to check out my #1 recommended program
I hope you found this review helpful and I hope I answered any questions you may have had about Icoinpro.

Have a question or just want to leave a comment? Then by all means please do. You can leave your question or comment below and I’ll get back to you right away.

And if you did find this review helpful and enjoyed it please feel free to share it with your audience. And as always anytime you need a hand you can Email Me anytime.

I believe in you!!
Leo

 

Leave a Comment