Hello and welcome to my iCoinPro 2.0 review.
Is iCoinPro a Scam?
This is one of the questions that we are going to take a look into later on in my review.
My review will also quickly cover information about the company, the products, and the compensation plan.
I will also explain if iCoin Pro is a great business opportunity to join, and whether or not it is a legitimate opportunity.
I will cover all the information that you are looking for with an honest review.
I wanted to review this network marketing company because it has a unique digital product that is what I believe the first of its kind for the MLM niche.
This opportunity has a product that teaches you the ins and out about cryptocurrency.
But I am also going to list my negatives later on in this review that I think you might find interesting.
After you review the information and you found value, make sure to click on the social share buttons on this page to share it with others.
Even if you are not that interested in learning more about cryptocurrency iCoin Pro does offer some good education on the subject.
First Let’s Check Out The iCoinPro Opportunity Video
iCoin Pro Review – What Is It?
iCoinPro is an online opportunity that is in the MLM niche and designed to help you earn money online.
First, as I dive in, I think I will start by diving a bit into the training they have available because I think that is where iCoinPro shines the most.
Once you sign up through the discover iCoin Pro website and then become a member, when you log in and in your iCoin Pro website back office, you will be presented with decent user navigation and a clean-looking layout.
You will want to navigate to the “My iCoinPro Training” section located in the top navigation.
These sections are visually designed to be easy to navigate and access each individual training sections which I think is great.
Here is a breakdown of each section you will get without going into each individual training specifically and getting myself in trouble by giving away the training information to you.
This section breaks down how to trade cryptocurrencies like bitcoin and Etherum to earn money.
More great articles: MLM Compensation Plan Reviews
The iCoin Pro Micro Profit System
The training in your back-office website is laid out in an LMS (learning management system) style which means that the only way you are able to proceed to the next learning module is if you have completed the previous one by completing the quiz.
I have included a picture of what this looks like in your back-office below.
I really like this style of training because it helps the student to not “skip ahead”.
Even if the student is familiar with certain steps, it’s always a plus to get a refresher, because in my experience you always seem to run into training or an explanation of things that always seems to make better sense the second time through.
Ok, let’s move forward, here is the course lesson layout.
The first lesson starts out with a quick start overview which is the perfect way to start because it helps you to understand the full process of trading cryptocurrencies with the iCoin Pro Micro Profit System so that when you start applying the lessons you can have a better understanding of what you are doing moving forward.
- Buying your first Bitcoin – This training section covers the locations on the internet where you can purchase bitcoin easily with the currency you are working with depending on what part of the world you live in.
The Core Training section is an introduction and overview of the world of cryptocurrencies.
- Introduction to Monetary Systems, Currencies and Cryptocurrencies
- The Birth of Cryptocurrencies and Blockchains
- Bitcoin Myths
- Benefits of Cryptocurrencies
- How Do Cryptocurrencies Work?
- How to Acquire Bitcoin
- Cryptography and the Security Behind Cryptocurrency
- Block Explorers
- The Value of Cryptocurrency and Bitcoin
- Core Overview
This section covers the more advanced options you have when dealing with cryptocurrencies.
- Alt Coins Overview
- Cryptocurrency Exchanges
- ICOs Explained
- The Blockchain and Blockchain Technologies
- Smart Contracts
- Ethereum Classic
- 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
- Stellar Lumens
The Micro Profit System
This section covers a fantastic way on how to profit through trading cryptocurrency and learning about the tools available, the ins and outs, and when to buy low and sell high, this section also offers you 2 profit/loss calculators that will help you accomplish these tasks. A really great section that you can’t find anywhere else!
This part of the lesson course outline is the main section of the course, I would pay special attention to detail when you start these lessons.
- The Micro Profit System (Buy the Squeeze)
- The Micro Profit System (Buy the Drip)
- The Micro Profit System (RSI Ryder) New Method
- Cryptocurrency Trading Profit/Loss Tracking Sheet
- 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
IcoinPro Trade Finder
- iCoinPro Trade Finder
- How to Use the Trade Finder
- Compound Returns Calculator
- Squeeze Calculator
- Micro Profit System Additional Training Videos
Crypto Glossary Assessment
In this section, you will learn about a ton of terms that you will encounter when dealing with cryptocurrency trading and in general. Many of these terms I had not even heard about before and was very interesting to learn. Good stuff!
- Additional Video Training
- Find Your Why
iCoinPro Trading App
The company is also providing an iCoinPro app that will be included with every paid member of iCoinPro member no matter what your level is.
This app will be available on Android and the IOS app store.
As a paid member you can share this app with others that will have an advertising banner on it with your link on it that will generate leads and paid members for you.
The advertising is going to lead prospects into an all-new customer funnel that will be designed for prospects that will only want to become customers.
One of the features that the app will provide is tracking the current prices and trends for any particular coin with alert signals that will alert you through your phone when a coin hits a price that you can designate.
The app will have several features like:
- You will be able to see the Bollinger Bands
- You will be able to see your candles.
- The charts for the coins that you are looking at.
- You will be able to see the buy and sell order books.
- You will be able to set time frames for your candles.
- You can set alerts.
- You can access news from sites like Coindesk.
- A profit analysis that will plugin to some of your back-office tools like your profit loss calculator and profit loss tracking sheet.
- And trade finder. This will give you data and analytics of trades that are currently happening where it will alert you when the coin dips and will suggest potential trades for you.
Here is a video that will explain more about the new iCoinPro App.
IcoinPro 2.0 Compensation Plan Breakdown
HUGE Update for October 1st, 2018!
iCoinPro switched its compensation plan from an MLM Matrix compensation plan structure to a Binary pay plan powerline structure!
I will cover the details on how the binary pay plan works here and if you want to learn how the old matrix plan was, you can refer to it following the updated version of the payment plan I have outlined in this section.
The Updated Binary Compensation Plan Structure (10-1-2018)
In this section of the review, I will cover what iCoinPro calls its 2.0 update or revamped pay plan.
Qualification To Reach The Higher Ranks
I do want to mention that a lot of the commissions that you are able to earn are based on your qualified Rank.
**The rank qualifications seem to be the same as when iCoin Pro had the Matrix compensation plan which you can refer to below in my review section that covers details on the previous payment plan.
Fast Start Bonus Commissions
The fast start commissions will be paid out on the initial subscription payment that your personal referrals make and also your team members make when you are qualified.
To earn immediate fast start commissions from your personal referrals you will qualify by simply joining iCoinPro.
The fast start commissions are paid out using the unilevel compensation plan structure.
If you don’t know how the unilevel structure works here is a quick breakdown:
- 1st Level – This level of your unilevel plan will only have your personally referred members on it.
- 2nd Level – This level of your unilevel pay plan will only have the referrals that your personally referred members sponsor into iCoinPro.
- 3rd Level – This level of your unilevel pay plan will only have the referrals that your Level 2 team members sponsor into iCoin Pro.
- and so on…
Here is a breakdown of the fast start commissions that you can earn and what qualifications you will need to earn from more levels:
- Unranked – Simply join and earn $50 commissions on your level 1 members only.
- Star 1 Rank – $50 from personally referred members and $10 from your level 2 members.
- Star 2 Rank – $50 from personally referred members and $10 from your level 2 members and $8 from your level 3 members.
- Star 3 Rank and Above – $50 from personally referred members and $10 from your level 2 members, $8 from your level 3 members, $5 from your level 4 members and $4 from your level 5 members.
Fast Start Infinity Overrides
Basically, when you qualify for the rank of 3 Star and above this infinity generational fast start bonus kicks in.
These commissions also work off of the unilevel pay structure and once you achieve the rank of 3 Star you will earn an additional $3 commission when anybody joins your enroller tree down to unlimited levels UNTIL you reach another member that has the same rank as you or above in any unilevel leg.
Here is an image of the additional commissions that you can earn from the infinity fast start bonus:
In this section of my review, I am going to cover the information on the residual income that pays out using the binary MLM pay plan structure.
Basically, the way that the binary pay plan structure works is you only have 2 legs which are the right and left leg.
To fill these 2 legs will require direct and indirect sponsorships.
Binary compensation plan structures have unlimited depth but usually capped on the number of commissions you can earn by rank and volume per leg.
The leg that has less profit volume is the leg that you get paid on.
iCoinPro pays the residual binary commissions once per month on the first Thursday of each month.
This residual payout per new member will start paying residuals on the 3rd month since you earn from the fast start commission on month 1 from all new members.
Here is a breakdown of the monthly commissions that you can earn by rank and the percentage you will qualify for from your weak leg per rank.
- Unranked – Qualify to earn 8% from weaker leg volume and capped at earning $2,500 per month.
- 1 Star Rank – Qualify to earn 10% from weaker leg volume and capped at earning $5,000 per month.
- 2 Star Rank – Qualify to earn 12% from weaker leg volume and capped at earning $10,000 per month.
- 3 Star Rank – Qualify to earn 14% from weaker leg volume and capped at earning $20,000 per month.
- 3 Star Elite Rank – Qualify to earn 15% from weaker leg volume and capped at earning $50,000 per month.
- Star Presidential Rank – Qualify to earn 16% from weaker leg volume and capped at earning $250,000 per month.
In this section of the review, I will cover how iCoinPro’s new updated compensation plan will payout matching bonus commissions.
The “Matching Bonus” is paid through the earnings of your personally enrolled and team member’s commissions that they earn from the binary compensation plan structure.
This is paid out when they get paid their monthly commissions as long as you “qualify” for this Matching Bonus commissions.
Depending on what you qualify for, you can earn down 6 levels of matching bonus commissions using the unilevel pay plan structure.
To qualify for these matching bonuses, you must simply enroll a certain amount of new personally enrolled members each and every month.
To clarify, the matching bonus depends on how many new members you enroll in iCoinPro each month NOT by your qualified rank.
Here is a breakdown of how the matching bonus works and how much you can earn when you sponsor a certain amount of people each month.
- Sponsor 1 New Member For the Month – Qualify to earn a 100% match from all of your personally referred member’s binary commissions.
- Sponsor 2 New Members For the Month – Qualify to earn a 100% match from all of your personally referred members and 25% from your level 2 team member’s binary commissions.
- Sponsor 3 New Members For the Month – Qualify to earn a 100% match from all of your personally referred members and 25% from your level 2, 20% from level 3, 15% from level 4, 10% from level 5, and 5% from level 6 team members binary commissions.
There you have it!
The new updated iCoinPro 2.0 compensation plan structure.
What do you think?
This covers all the details about the new pay plan, now you can read all about how the old pay plan was structured in the following section of my review.
**You can find the Rank Qualifications in the next section as well.
The Old Matrix Compensation Plan Details
In this section of my review, I cover the OLD version of the iCoinPro compensation plan and how you were able to get paid by simply referring someone to take advantage of iCoinPro’s training platform opportunity.
I want to put it out there and say that I personally took advantage of this opportunity and joined myself because of 3 reasons.
- The Bitcoin industry is exploding right now and it makes perfect sense to offer training on it because that is what is extremely hot right now in the market.
- The compensation plan.
- I like to help people make money and in my opinion, this makes perfect sense.
In this section, I cover the compensation plan and how to get paid by referring someone to this opportunity.
Another great review: It Works Compensation Plan Breakdown and Full Review
Powerline Bonus Review
The commissions you are eligible to earn starts with the iCoinPro’s Powerline Bonus.
This bonus is paid out through 5 levels, off of everyone that upgrades their position throughout the entire company right after you.
This equates to 1 person per level and 5 levels deep, so this means you get paid 3% from what level they upgrade it.
This Bonus is paid out only 1 time, not every month, so when 5 people join the company after you do, you will get paid the powerline bonus commission, then the bonus is no longer available. This usually happens 99% of the time in your first week just because people are joining iCoinPro all the time.
Sorry for the over-explanation, but I just wanted to try to make this as clear as I can explain it, just because this question does come up.
Fast Start Bonus Review
The regular fast start bonus is great and is paid out every week on NEW members that join within the weekly cut-off days which is Wednesday through Wednesday.
This bonus should be a staple in all Network Marketing companies in my opinion because I personally use advertising dollars from time to time, and I know many of my marketing buddies do as well, so when we spend our hard-working dollars on advertising and promotion, it really makes it worth it to pay for more advertising when we know that we are going to be compensated the very next week.
*If you’re a company owner or thinking about starting one, then please make sure to have this bonus part of your compensation plan… it will really help with your Growth!
As you can see with the chart above, you want to be at 3 stars to maximize your fast start bonus compensations!
There are 2 ways of getting to 3 stars, and the first way will take a bit of work. You can find information on how to increase your rank in the rank advancement section below.
And the second way is much much easier. The way it’s easier is when you join, you select the yearly option which has 2 benefits which are:
- You get a discount! (always a plus)
- You start at the 3-star rank and get all the perks of being the rank of 3 stars without having to enroll a single person to start! (winning)
Starting out at 3 stars is the way to go in my opinion. The reason is, of course, the hefty fast starts you start with right out of the gate.
I recommend starting as a 3 star, I did, plus you earn more when you do.
The ones that succeed are the ones that think of this as a business.
Coded Infinity Fast Start Overrides
In this section, I cover the coded infinity fast start overrides section which is similar to the fast start bonus section but has much more earning potential.
The way it works is that once you hit the rank of start elite or star presidential you earn a fast start bonus on all-star elite members 3 generations deep on ALL new members with their initial purchase INFINITE levels deep throughout their ENTIRE enroller tree!
Coded Infinity Fast Start Bonuses are also paid out weekly.
This bonus can be quite substantial as more and more leaders hit the star elite rank.
Another great review: Isagenix Compensation Plan Breakdown and Full Review
Residual Income – 2 X 14 Matrix
In this section, I cover the residual income opportunity of iCoinPro.
The residual income part of the iCoinPros compensation plan is paid out monthly.
Referring to the chart above you can see the percentages per level you will receive for every active member of your 14 level matrix.
As you can also see that the 3-star rank pays through all levels of your 2 X 14 matrix, which is another reason it makes sense to start by paying the year option.
Start at the year option to save money long term, and to earn more short term, just another reason why it makes sense.
As long as they’re in your matrix, regardless of who signed them up, you will earn residual income from them every month.
This is usually paid out on the first Wednesday of each month or Thursday.
As you can see from the chart above the income potential can be very substantial.
This section covers the Matching Bonuses that iCoinPro offers.
With all of the earning potential iCoinPro offers with their fast start bonuses and residual income matrix, they decided to offer 1 more bonus that I believe can be the most lucrative out of them all.
My math sucks, but I’m gonna try to make this as easy for me to explain so that you can get an idea of how this works if the chart above is confusing to you.
Say you enroll John, Susan, and Maria, and a few others, but John and Maria get to work.
John and Maria are earning from their residual income matrix a monthly total of $1000 each.
You joined at the 3-star level because you saw all of the earning potentials, so because you hit the 3-star level you earn an extra 40% from their monthly earnings!
That means that in addition to your residual income earning you will earn 40% of $2000 from both John and Maria.
So $2000 multiplied by .40 (40%) equals $800!
So on top of whatever you’re making with your personal efforts, you will also earn an additional $800 off of John and Maria’s monthly residual!
I hope you got that.
But think about this, it DOES NOT MATTER how many personal referrals you have, you get that residual monthly match on ALL OF THEM!
As you can see in my review this really can add up, think about it, if you have 10 people making $1000 per month which is most certainly doable, that would mean you would be earning an extra $4000 per month! Because you simply invited people to take a look at some valuable training, then they seen the opportunity, upgraded, and then started inviting people too!
But the earning potential does not stop there!
As you can see after reviewing the chart above, depending on what rank you are at, you can earn a percentage not only with your personal members but also a percentage with your personal member’s personals too (tongue twister), multiple generations deep, depending on what rank you are at.
A simple process and certainly a great way to earn some amazing income.
Rank Advancement Overview
Must have 3 Personally Enrolled active Members each of whom have paid their membership for the current month.
Start out paying the 6-month option or you must have a total of 20 active Members in your enroller tree with no more than 40% of that volume counting from any one individual leg.
Start out paying the yearly option or you must have a total of 100 active Members in your enroller tree with no more than 40% of that volume counting from any one individual leg.
Must have a total of 500 active Members in your enroller tree with no more than 40% of that volume counting from any one individual leg.
Must have a total of 5,000 active Representatives in your enroller tree with no more than 40% of that volume counting from any one individual leg.
iCoin Pro Compensation Plan Cons
Without any cons to a review of a company, you can’t have an honest and unbiased review so I added a pros and cons section.
The cons in my review could be considered a good thing to some and could be considered something not wanting to join, but these cons are subjective in my opinion.
My first con:
Now to be totally transparent, I do have 2 cons when it comes to the compensation plan.
The first con would have to be when you first get started you will have to pay an extra $40 on top of any of the subscription plans you decide on upgrading too.
This is not a total con for me because most MLM companies do have a one-time fee, but the issue I have is the price point.
Most other companies have a fee of $20 one time.
I just wish that would be lower because it doesn’t really go toward the profits made by the affiliates in any way, and is only really going to the company.
My second con:
The second con I have with iCoin Pro is that residual payments will not get paid toward your commissions until your 3rd month.
So the first month is fast start bonuses only which is 100% fine with me and works and is a proven compensation plan payout structure.
The second month the company says that because the person paid the first month and you received a fast start bonus they are unable to pay out the commission to you because they have to repurchase.
Ok, so the problem I have with this is that first of all they took a $40 upfront payment from everyone when you first get started, and the residual monthly commissions are only a small percentage of affiliates re-occurring subscription plan payments.
So if you do the math iCoin Pro is more than capable of paying out monthly commissions for the second month without them reaching an even point or even going into the red.
So the math doesn’t add up and to be honest, is a bit greedy for iCoinPro to do.
The monthly commission’s structure when it comes to starting the monthly commissions for the third month is a proven commission plan that fails, the case in point is the Nutronix payment plan.
This was the #1 reason for affiliates to drop out in Nutronix because it was clear that this was due to greed and also it was clearly stated when someone signed up.
So if you can get past those 2 hiccups, iCoin Pro is a really good program to build your online monthly earnings with.
Another great review: doTerra Compensation Plan Breakdown & Full Review
iCoinPros’s Additional Training
A couple more things I want to make sure I point out is something that I feel has some great importance.
The first is additional training and support that iCoinPro offers in the form of webinars and email updates.
In the time that I have been a member of this program, they haven’t missed a weekly webinar training that goes over updates, cryptocurrency trading training, and marketing training.
I have been to many great training webinars and have always felt that they are doing a great job in this department.
Not that many companies out there will dive further into the training side of things.
The majority of programs that have webinars are more about sharing information about the company and its product and opportunity, which is fine and is what iCoinPro also does, but iCoin Pro also dives much more into the training side of it as well which I enjoy.
This is another aspect that I feel that they do an excellent job in.
iCoinPro is known for being very transparent in any updates, payment schedules, or any upcoming webinars that are coming out which is rare when it comes to the company itself holding all these types of updates.
I feel they excel in this department and am very happy with this aspect part of the program.
Automated Emails For “Tour Takers”
This is a great aspect as far as the marketing side of the company.
It is called automated email updates for tour takers to help with upgrading the free tour taker accounts.
It works like this:
After a person takes the free tour and does not upgrade they are considered a free tour taker.
They have a spot in the matrix but only as a placeholder.
When people take a tour after them they will automatically get notified by the system that a person took the tour after them and to hurry up and upgrade so that that they don’t lose that person as part of their downline.
The email system also notifies the free tour takers with members that are below them that upgrade as well.
So when a member upgrades that is below them, the system will send out an email to the free tour taker saying that they will have until Thursday to upgrade or they will lose that person being in their downline.
I like these features because it sends out a “fear of loss” aspect to the potential member and gives a better percentage of that free tour taker to upgrade their spot.
This is the section of my review where I cover questions that I have seen people ask about the company.
I wanted to include this section to give more value to this review.
Is iCoinPro A Scam?
No iCoinPro is not a scam.
iCoinPro is a great program to learn everything you would want to know about cryptocurrency and how to make money through trading in the cryptocurrency trading industry.
Additionally, you can also make a residual income through the promotion of iCoinPro.
They have real products (digital) with real training.
Is iCoinPro Accredited With The BBB?
No, iCoinPro is not accredited with the Better Business Bureau.
At least not that I can find.
This is not an indicator of a company or program being a scam.
It does help in the argument, but with that said, there are known services that you can pay for to manipulate that rating score that is documented.
Related articles: MLM Reviews, Scams, and Compensation Plan Breakdowns
My Final iCoin Pro Review and Thoughts
I hope that I covered everything that you wanted to learn about the iCoin Pro opportunity in my in-depth and unbiased review.
I don’t feel that it is perfect.
With that said, I don’t feel that ANY MLM company is perfect.
I just wanted to cover all aspects of my review that one would think of when researching an MLM company before you should join.
First, I want to thank you for sitting through my iCoinPro review, I know it was a lengthy one, but I wanted to make sure you have all the information available to you so that you can make a decision knowing all the facts about what you will be getting if you decide to join.
I see so many people promoting iCoin Pro with just hype and fake promises without delivering a substance, which is really not fair to you or new members.
I also wanted to provide a detailed and thorough review of what iCoin Pro is all about in general for those that are just looking for the training aspect of it, so those that are just interested in the cryptocurrency training can take advantage of it as well.
Overall, in my opinion, it is not a scam and could offer some great training in understanding more about cryptocurrency and the trading aspect of it as well.
I hope you enjoyed my iCoinPro review, product, and compensation plan details.
If you found this review was helpful in any way and answered some of your questions, please make sure to click on the social media buttons on this page and share it with others so people can know exactly what the iCoin Pro opportunity is really all about.