Crypto-trading is a risky business. Before you start trading crypto, you’ll need to invest in sound knowledge. iCoinPro is an online platform that provides cryptocurrency training and is geared for beginners. It also provides earning opportunities with its MLM program.
Before you subscribe to its training packages, you’ll want to find out if iCoinPro is a legit program and not a scam. It will be regrettable if you end up fueling another crypto-Ponzi scheme.
What Is iCoinPro
- Name: iCoinPro
- Founder: Paul De Sousa and Justin Clark
- Website: www.icoinpro.com
- Cost: From $9.95/month
- Price: Rating: 5/10
iCoinPro is a Texas-based company that provides online cryptocurrency trading and tools. The company was founded by Paul De Sousa and Justin Clark and has been operational since 2017. De Sousa is a familiar name in the industry and was involved in promoting another crypto opportunity, Gain Bitcoin in 2016.
Both founders are listed on iCoinPro’s website, along with brief information on what the company offers. At a glance, the website paints a legit business at work as information is transparent across the pages.
It doesn’t hide the fact that it’s leveraging MLM marketing to bring in new customers and affiliates. Not that there’s anything sinister with MLM though. It’s just good to have a company that’s upfront about what’s on the table for a change.
What Does iCoinPro Offer?
iCoinPro primarily offers cryptocurrency training, along with support and a private social media group. Anyone can sign up for its cryptocurrency courses, which are offered on a subscription basis.
You can be a member of iCoinPro by signing up for any of its packages:
- Basic – $9.95/month
- Basic+ – $39.95/month
- Full Access – $99.95/month
- Full Access 3 Month Pass – $280, then $99.95 per month.
Depending on the packages, you’ll have access to certain features. The Basic package will get you to the complete training on cryptocurrencies while Basic+ offers tools, and advanced courses not covered in Basic. The Full Access package is exactly as it implies: unlimited access to everything offered by iCoinPro.
iCoinPro seems to be doing a good job by segregating the training into Core, Advanced Level 1 and 2. It teaches its own proprietary MicroProfit Trading system where students learn how to spot signals, and which price to buy and sell. For beginners, iCoinPro seems to be a good platform to start picking up cryptocurrency knowledge.
How To Make Money With iCoinPro
If you’re looking to learn and earn, iCoinPro has a rather solid MLM compensation plan. The plan is made public for all who care to seek it on its website. Here’s a quick explanation of how it works.
iCoinPro’s MLM plan is pretty standard where members are ranked through a 6 level hierarchy. Depending on your rank, your earning potential and perks may differ. New members start with a Bronze rank and work their way through the following ladder:
- 1 Star
- 2 Star
- 3 Star
- Star Elite
- Star Presidential
There are 4 ways where you can earn as an iCoinPro affiliate.
Fast Start Bonuses
Whenever you recruited a new member, you’ll earn a 50% commission on the first month’s subscription fee. Higher rank members of 1-Star and above qualify for commission earned for members enrolled by lower tiers.
Fast Start Infinity Overrides
This is only exclusive for 3-Star, Star Elite and Star Presidential affiliates. They stand to enjoy an additional 3% overriding commission for all enrollment made within their tiers.
Affiliates also enjoy residual commissions on the smaller leg, which differs and are capped according to ranks. Here’s the breakdown of the residual commissions.
- Bronze – 5% commission capped at $500.
- Silver – 6% commission capped at $1,000.
- Gold – 8% commission capped at $2,500.
- 1 Star- 10% commission capped at $5,000.
- 2 Star – 12% commission capped at $10,000.
- 3 Star- 14% commission capped at $20,000.
- Star Elite- 15% commission capped at $50,000.
- Star Presidential- 16% commission capped at $250,000.
A matching bonus is also offered regardless of your affiliate rank. The commission rate that you’ll enjoy depends on the Basic Value generated by your referrals.
What I Like About iCoinPro
1. Real Crypto Training
Unlike many online scams that I’ve reviewed, iCoinPro offers real cryptocurrency courses that will benefit beginners. Members are also privileged to weekly live seminars and a private community with like-minded peers.
2. No Overhyped Promises
iCoinPro doesn’t promise you that you’ll be a crypto millionaire after going through its courses. Instead, it warns members that investing is subjected to risks and that you could potentially lose money.
There also isn’t any promises of a get-rich-quick scheme either with its MLM marketing plan. The company prohibits any form of income claims or unrealistic promises when it comes to promoting its products.
3. Real Business Owners
Many crypto scams like Antares Trade and Bitlocity are unlikely to share corporate information such as who are the founders. iCoinPro is being transparent about its founders and other information of interests. It also publishes an in-depth policy that dictates its operation on its website.
Things I Dislike
1. Limited Earning Opportunity
The problem with MLM is that most people eventually lose money. With iCoinPro capping earning limits for each rank, the chances of making a substantiation income are even slimmer.
You’ll find that iCoinPro is very honest with its income potential in its policies. Note that how it claims that most affiliates are not earning enough to cover their subscription fee.
2. Expensive Training
For $9.99, you’ll only get the basics about cryptocurrency. Most likely, the information can be found for free on the internet. If you’re upgrading your membership for the advanced courses, you’ll be paying $99.95/month for full access. That adds up to almost $1,200 per year.
The only way to justify such an investment is to be able to recoup it via the crypto know-hows. This means you’ll need to learn enough to start trading and be very good at it. Don’t bank on the MLM opportunity though, because the company itself isn’t very optimistic about its earning potential.
Verdict: Not A Scam But Neither A Good Opportunity
No. I’m quite sure that iCoinPro isn’t a scam. It’s a legit crypto-learning platform that uses MLM marketing to sell its products.
If you’re a newbie in cryptocurrency, it doesn’t hurt to sign up for its Basic course and see what you can get out of it.
However, I don’t recommend iCoinPro if you’re looking to make money online. There are other better opportunities that could be more worthy of your time.
One such opportunity is affiliate marketing, which I’ve been dabbling for quite a while. There aren’t limit caps on how much you could earn nor is your income rely on how many members you could recruit.
In fact, there’s no recruitment involved. Just pure targetted marketing that can be scaled for maximum growth.
If you’re serious about making money online, I suggest getting the best training. Here’s where you can get started for free.
Hey, it’s Kenny here. I’m a single dad, freelance writer, an affiliate marketer. I have been making a living online since 2016, after quitting a 10-years engineering profession. When I’m not on the laptop, I’ll be in the kitchen experimenting with new cuisines.