Is ICoinPro A Scam? Looking For Gold in this MLM

Is ICoinPro A Scam

Welcome to our review of IcoinPro. As always feel free to leave a comment below.

Disclaimer. This review of IcoinPro is for informational purposes only, it should not be considered Financial or Legal Advice. Consult a financial professional before making any major financial decisions. No payment has been received from ICoinPro or any other 3rd party for this article.

When I come across companies like ICoinPro, I feel intimidated to ask the most basic question: is ICoinPro a scam?

Why is that?

Maybe because cryptocurrency is a relatively new concept that leaves most of us feeling out of our depth, and so, we don’t want to ask “stupid” questions.

But like most things, cryptocurrency requires some training, and this is where ICoinPro – a cryptocurrency training centre on trading Bitcoin (and other Alt currencies ) – comes in. However…

  • How does ICoinPro fare from an MLM standpoint?
  • What warning signs should we be looking for?
  • Is it a legit MLM opportunity or is ICoinPro a scam like others reviewed in this blog?

In this ICoinPro review, we’ll find the answers to all these important questions.

While answers about trading etc; can be found on their website, Justin Clark, the co-founder of the company, was kind enough to reply to our email and answer some of our questions about how their system works, and what credentials it has.

Product Name: ICoinPro

IcoinPro Logo in the article Is ICoinPro A Scam?
IcoinPro Logo
Justin Clark trainer for Icoin Pro. in the blog post. Is ICoinPro A Scam? Look for the Warning Signs
Justin Clark
Paul De Sousa founder of Icoin Pro Subject of this blog post,  Is ICoinPro A Scam? Look for the Warning Signs
Paul De Sousa

Price: Learning material starts at $9.95/month and goes up to$99.95/month

Founders: Justin Clark And Paul De Sousa (CEO)

Product type: MLM (Cryptocurrency training and Network Marketing)

Overall Ranking: 8/10

Some Background info About ICoinPro

Cryptocurrency has only been around since 2009, but over the years it has quickly grown to attract more and more users.

In 2019, the global cryptocurrency market was valued at USD 754 million, in 2027, it’s estimated to be worth $1758.0 million. That’s a compound annual growth rate (CAGR) of 11.2%.

In other words, cryptocurrency is growing fast.

Paul De Sousa and Justin Clark saw this opportunity and decided to combine their cryptocurrency know-how to create ICoinPro – a training programme that teaches people about cryptocurrencies and how to invest in them.

What Does ICoinPro Sell?

Like all MLMs, ICoinPro also sells products to its clients. But rather than being physical goods, ICoinPro sells training courses. In this case, digital training courses on how to trade cryptocurrencies.

However, it should be noted that ICoinPro is not a brokerage platform, nor is it licensed to offer brokerage services. More on this below.

Leveraging the popularity of cryptocurrency, they say:

“Knowledge is power. The most complete online training program in the industry is HERE.”

Their simple and structured teaching platform, known as The Micro Profit System, offers people a step-by-step guide on how to buy, and make money from bitcoin as well as other cryptocurrencies.

Parallel to this, students can also sell memberships to other people interested in crypto trading.

The Micro Profit System has Three Training Modules

  1. Basic: $9.95/month: A great place to start for absolute beginners. Covers the basics of everything you need to know about blockchain and cryptocurrencies.
  2. Basic+: $39.95/month: For those ready to start their cryptocurrency money-making journey. The Basic+ package gives you access to the first two modules of The Micro Profit System.
  3. Full Access: $99.95/month: Complete access to The Micro Profit System with all its tools, training materials and resources you need to understand the cryptocurrency markets. Includes 24/7/365 trading signals and a live chat box with other ICoinPro traders.

You can find more details about The Micro Profit System on ICoinPro’s website here.

A brief look at Analysis Systems

For newbies who have never traded in a financial market, all traders have some sort of analysis system they work with. The most popular is called Technical Analysis.

This includes systems such as Gann, Elliot Wave, Ross Hook, Candle Sticks, Point and Figure – just to name a few of the systems used in the financial markets. Most have some mathematical formula built into their algorithm that gives a buy or sell pivot point.

A day trader photo for the blog post Is ICoinPro A Scam? Look for the Warning Signs
A day trader.

Fibonacci levels and Gann percentages are two popular methods for determining buy and sell points.

Some traders like to combine methods to get better confirmation of signals. Popular combinations include Elliot Waves with Gann levels or Fibonacci levels.

Some of these systems have been around for over a century and have now been turned into software, which are used by work from home day traders, market professionals and corporate institutions. So obviously, they can be quite expensive systems.

A less popular system used for buying and selling stocks is Fundamental Analysis, which means looking at the book value of a company to determine its value and whether the price could go up or down based on those analyses. You look at things such as a stock price, earnings ratio, liabilities, place in the economy etc.

Fundamental analysis, probably has no place when trading crypto currencies.

The Micro Profit System

The Micro Profit system used by ICoinPro is a technical analysis system.

We emailed ICoinPro to clarify certain aspects of their trading system.

Here is part of (co-founder) Justin Clarks’ reply:

“In crypto, people trade directly with an “exchange” and they manage all of their trades themselves. People who use our system actually learn a simple trading system, use our software and tools to find potential trades, and then with their knowledge and education from The Micro Profit System, execute their own trades with their own entry and exit prices based on what they have learned.

In the USA there are really (only) a small handful of properly licensed and insured crypto exchanges people can use legally, with Coinbase Pro being the top one (which we recommend). Internationally there are multiple exchanges and we recommend people use only the ones which are properly licensed for their own country.”

To check out Coinbase Pro we went to Updata, an English based technical analysis software company used by market professionals in over 50 countries. Here is what they say,

Coinbase Pro is the leading Crypto currency platform from the USA based Coinbase”. Updata rates Coinbase Pro 4 stars out of 5.

Note:- Binance is not integrated with Updata at the time of writing but it is actually way bigger than Coinbase. (Ed.)

(Update on CoinbasePro and Binance U.S. below.)

So legally, ICoinPro is playing by the rules. Plus, they recommend that their clients use a highly rated licensed professional platform in Coinbase Pro, as well as other licensed platforms in overseas countries.

Another question we asked was on data feeds. Justin gave this response: “We pull data directly from the exchanges that our software tracks and it’s near real-time”.

Traders rely on accurate up-to-the-minute data. The more accurate the data the more accurate their analysis is likely to be (if done as per their system and without emotion of course).

What is a Data Service

Data services tend to have less functional front ends. These tend to be more raw real-time price and/or price history services which often makes them a more cost-effective option for users. Data feeds are also ideal for adding some extra data that may not be covered with Trading Platforms.

So far, everything points to ICoinPro being a company that offers a product that helps novice traders understand and trade cryptocurrencies, without becoming bogged down with Stochastics, Chaikin Oscillator, MACD and other exotic indicators.

As they say, ‘Keep it Simple Sweetheart.’

So all in all, The Micro Profit System works on the basis of small fish (profits) are sweet. They include accounting software that shows you how to turn losses into profits and also offer expert advice to help you succeed.

Unlike this one which comes across as very dubious.

To sum up it all up, here is what Justin Clark said:

“Also, in addition to our training on how to day trade bitcoin and cryptocurrencies using our proprietary Micro Profit System, we offer a full primer on what Bitcoin and Cryptocurrencies are for those who know nothing about them, and advanced training to ensure a complete understanding of this brave new world!”

For the full details of ICoinPro’s programme see the video here

Is Bitcoin a Good Investment Vehicle? (Opinion Piece)

Bitcoin is making every investment/asset in history look stupid. Currently trading at around $55,000 and the expectations are for it to hit $100,000 by the end of 2021! Still there are two trains of thought. One being it is a pryamid scheme where you are selling to a bigger fool. The other is that Crypto is a state mind, free from government and Central Banks manipulations. It is not tied to interest rates. Unlike bonds or the dollar. If interest rates go up, bitcoin still does its own thing, meaning that it doesn’t rise and fall according to some government decision.

As Tim Denning, Writer for CNBC & Business Insider said: “Bitcoin is a radical shift in thinking that is infecting the planet faster than any pandemic. Bitcoin isn’t an investment. Bitcoin isn’t a get-rich-quick scheme, Bitcoin is a different way of thinking.”

Medium .com

Bitcoin and other Alt currencies are generating a lot of interest. I know people who have absolutely no interest in Stocks or Commodities, but trade Bitcoin during their lunch breaks. They have no interest in MLM, CBD, or other fads.

They are happy mouthing Kaa-ching between sandwich bites when they exit with a profit.

Could you make money following ICoinPro’s trading system? Yes... follow it and keep emotions out of the equation.

ICoinPro’s MLM compensation plan

While the academic side of ICoinPro is pretty straightforward (you pay to get access to their learning materials), things are not as clear for the MLM side of things (at least for those not experienced with MLM).

To be honest, it’s an interesting concept for a company involved in cryptocurrencies to also run an MLM scheme. Although it seems a strange mix, it’s not the only company that does this.

Interestingly, ICoingPro is rated Number 1 by (a company with branches throughout Europe and Asia), which should give someone new to trading cryptocurrencies some peace of mind.

Their summation:

Founded by Paul De Sousa, icoinpro is the most popular Cryptocurrency MLM company on the list. iCoin Pro does not actually provide you with a trading platform. Instead, they offer their reps educational platforms for learning how to win at investing in cryptocurrency. The company’s operations are very transparent and has managed to gain the trust of a lot of people, especially in the United States.

So as an MLM company, there should be a way for you to make money – together with any profits you may make from trading cryptocurrencies.

To begin with, things are pretty transparent. You get a 50% commission for every membership you bring into ICoinPro. Then, things get a bit confusing. Like most MLMs, you can make money through your recruits and downline. But unless you have some in-depth understanding of ICoinPro’s system and MLM, it can be hard to keep track of what criteria you need to meet, and what you’d actually earn.

ICoinPro explains their MLM system using a series of charts explaining their F.I.R.E. system (Fast Increasing Rewards Engine).

The F.I.R.E. System

4 Ways to Earn IncomeBrief Outline of the Requirements
Fast Start BonusYou earn 50% on the initial payment of each new enrollment down to 5 levels.
Fast Start Infinity Overrides You can also qualify to get paid on all the people who join your “Enroller Tree Organization”, up to infinite levels as you advance in rank.
Binary CommissionsTo qualify for Binary Commissions, you must have at least 1 personally enrolled active member on each leg and the Minimum Enroller Tree BV Per Leg at each rank.
Matching Bonus’s  You also have the ability to match a percentage of all of the commissions that everyone in your enroller tree organization earns in their binary each and every month down to 6 levels!
See Charts Below.
Fast Start Bonuses in IcoinPro MLM in the article Is ICoinPro A Scam? Looking for Warning Signs
Fast Start Bonuses
Fast Start Infinity Overrides Chart of IcoinPro in the article, Is ICoinPro A Scam? Looking for Warning Signs
Fast Start Infinity Overrides
Binary Commissions for Icoin Pro in the article Is ICoinPro A Scam? Looking for Warning Signs
Binary Commissions.
Matching Bonuses Chart for IcoinPro in the article Is ICoinPro A Scam? Looking for Warning Signs
Matching Bonuses Chart.

While the F.I.R.E. System looks good in theory, it would take a very dedicated MLM operator to earn the top amounts, even though the fast start is only 5 levels deep.

Having said this, I am not sure anyone with an interest in financial markets is going to be serious about MLM – but the option is there for anyone interested in it.

What we like about ICoinPro

Trading currencies or trading any stock or commodity is not for everyone. Many people call Wall Street the “Big Casino”, and see it as a huge risk. However, ICoinPro members have a lot of support from other members, as well as the training modules, to minimize the risks of loss in your trading, but also to amplify your profits.

Unlike most companies, the ICoinPro founders seem to be hands-on kind of people. All the explanation videos and social media live videos are hosted by them, giving the company a tangible personality.

There’s no denying that cryptocurrency takes some skills to master, so it’s a big plus that ICoinPro has a 24/7 crypto community where you can find self-help information and ask questions.

Plus, from reading ICoinPro reviews online, people seem happy with their services and what they offer.

What they Offer

  • Understanding Bitcoin and Cryptocurrencies
  • Where and how to purchase Bitcoin and other cryptocurrencies
  • Learn how to make money from Cryptocurrency Trading through our proprietary Micro Profit System!
  • Access to their exclusive trade finder and technologies
  • Access to their exclusive members-only forums that give you the inside scoop on everything going on with complete support from their large and thriving community of crypto entrepreneurs
  • Bitcoin and cryptocurrency lending
  • Understanding buy and sell signals

What we don’t like about ICoinPro

Somehow, we feel like the value of ICoinPro gets lost in their MLM business model.

Their training courses can potentially open the financial doors to residual income for some individuals. But selling memberships is probably not what people who get into cryptocurrency want to do, and it’s probably where all the “Is ICoinPro a scam” questions come from.

Plus, the information on their courses is limited to videos, and although they are quite informative you do need to (I feel), pay $99.95 a month to really take advantage of ICoinPro’s motto:

“Your source for education, information, and training on everything cryptocurrency.”

Let’s face it. If you cannot afford $100. you cannot afford to trade! Simple. Sorry, but it is a fact of life.

So, is ICoinPro a scam?

We searched for warning signs and didn’t find any. Quite the opposite actually ! There are many good online reviews on other sites about IcoinPro.

Justin Clark (owner of iCoin), ook the time to answer all our questions in a friendly and timely manner, so a special thanks to him.

ICoinPro is nowhere near a scam, but the MLM side of this company leaves me in two minds.

I believe that people who do MLM are probably not that interested in trading, and vice versa. But I stand to be corrected.


From the training videos on ICoinPro’s website, they explain the trading and money management process quite well and, obviously, there is more information in their training modules. Anyone who has been involved in trading will tell you money management is more important than the trade.

The system is easy for a newbie to understand. The RSI (Relative Strength Index) can be found on any stock, currency or commodity and clearly shows overbought, oversold positions of any stock, currency or commodity.

Knowing how to trade it is another story though.

As for alternatives, Icoin is hard to beat for its simplicity at the beginning and working your up to an advanced trader and making money all the while you are learning. If you are new to financial markets perhaps one inexpensive way to start without risking any money, is to click this link and Learn to Trade the Financial Markets.Is ICoinPro A Scam? Looking For Gold in this MLM

For the training, we will rate it 9/10.

For the MLM side of the business, we find it a little hard to rate. Is someone buying the trading system going to be even interested in pushing the MLM side of the business? MLMs are so often connected to the Health and Wellness arena. Cryptocurrency MLM’s look like a fish out of water. But as I said earlier it is not the only one.

I mean, it’s hard enough to recruit members for something which is good for their health. So how do you convince people who consider anything to do with financial markets as gambling? However…

ICoinPro offers the option to sell memberships and you don’t need many people to start making a reasonable income. Enough to cover the cost of your monthly membership anyway.

For the MLM, we will rate it 6.5/10.

Update on CoinbasePro and Binance.

On the 16th April 2021, Fat Tail Media reported. Coinbase went public Coinbase Global Inc [NASDAQ:COIN]. Making headlines in what many are referring to as a ‘watershed moment’.

After all, it is hard to ignore the sheer amount of money involved…

With a US$87.4 billion market cap at the close of its first day of trading, Coinbase is now officially the largest valued financial exchange in the world. Be it stocks or cryptocurrencies !.

More importantly, this listing gives Coinbase an air of legitimacy, something that the crypto scene has always struggled with, because to the cynics and skeptics of the world, crypto has always been this dirty underbelly of untraceable transactions or investing.

 Coinbase’s public debut will attract a lot of eyeballs. Bringing even more mainstream engagement to the crypto sector. Who knows, maybe it has even piqued your interest in crypto?

According to Ryan Clarkson Ledward of Port Phillip Publishing (Australia), “Coinbase has always had some of the most egregious fees I’ve ever seen of any exchange. Be it stocks or crypto. Charging users far more for the luxury of easy access than many of its competitors”.

He goes on, “For a little perspective, in the past 24 hours, Coinbase has handled just over US$5.25 billion worth of trading. A decent volume that has been steadily growing over recent years and months.

However, this volume is still just a fraction compared to leading competitor Binance. An exchange that has handled US$55.08 billion in trading volumes in the past 24 hours!”

So Binance has over 10 times the volume of Coinbase, which makes it the biggest crypto exchange by far right now.

He adds. “More importantly, Binance offers investors access to more than 500 different coins and tokens. A much wider range of choice compared to Coinbase’s 44. When it comes to fees, it’s like night and day. With Binance offering some of the cheapest buying and selling around — which is precisely why it is so popular with regular crypto traders”

Fee Comparision between Binance and Coinbase in the article Is ICoinPro A Scam?  Looking For Gold in this MLM.
Fee Comparison between Binance and Coinbase.

How does this affect ICoinPro

Essentially it doesn’t. Although Coinbase Pro is IcoinPro’s choice of trading platform is not compulsory for it to be yours. Users of IcoinPro have choices of trading platforms all around the world, and IcoinPro recommends you use only licensed trading platforms.

In this instance CoinbasePro just happens to be a licensed trading platform in the USA along with Binance.

The other problem for Americans is, its strict outdated investment rules mean many innovative new cryptocurrency projects are unavailable to U.S. residents, and so most of the top crypto exchanges are actually located overseas. Binance for instance.

  • Our ratings of IcoinPro remain the same. However I did discover one glitch. When I tried to sign up on the basic plan my debit card was not accepted with the message that their security system believed my card to be not mine, and to scan and email my scanned card to them. I never followed this up, but there is no way I will scan a credit/ debit card and send it to someone.

Elena Vivaldo can be found at when she is not scuba diving.

Michael Dubhthaigh owns

Get more stuff like this

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.


  1. dreamgirl93 14/05/2021
  2. Molly 12/05/2021
  3. LineCowley 09/05/2021
  4. Jessie 22/04/2021
  5. Bushra 21/04/2021
  6. Michael Dubhthaigh 20/04/2021
  7. Rose 20/04/2021
  8. Nina 18/04/2021
  9. Michael Dubhthaigh 17/04/2021
  10. Lily 17/04/2021

Leave a Reply

The Bare Foot Affiliate