Welcome to my Coiner Ex Review!
It seems like there are 100 new MLM companies popping up everyday, so how can you possibly determine which one to join?
It can be hard to know which ones are legit and which ones are scam…
My number one piece of advice for anyone thinking of joining a new online company is to always thoroughly research it before signing up.
My review on Coiner Ex will help you make that decision by giving you all the info you are going to need about the company, the products and the compensation plan.
Let’s jump in!
Coiner Ex Review – The Company
The first thing I noticed about the Coiner Ex website is that it does not provide any information about the owners or operators of the business.
I did uncover the fact that the Coiner Ex website domain was registered privately as “coiner-ex.com” on the 6th of January, 2018.
I also discovered an incorporation certificate for “Coiner Ex Limited” in the “about us” section of the company website.
The certificate confirms that Coiner Ex Limited was incorporated on the 12th of January, 2018 in the UK.
A little more digging uncovered a London address that was used to incorporate Coiner Ex Limited, however it seems that this address actually belongs to a company called Alami International.
When I checked out the Alami International website, it states that this company is an importer and exporter of “a comprehensive range of products”.
As it stands, it seems that Alami International is not connected to Coiner Ex Limited.
Coiner Ex Limited lists one Director, named Felix Butler.
Aside from the Coiner Ex Limited incorporation, there is no other information that connects Butler to the business.
Coiner Ex Reviews – The Products
Coiner Ex does not have any retail products or services for its affiliates to purchase or sell.
Affiliates who join Coiner Ex simply market the affiliate membership.
The Coiner Ex Compensation Plan
Coiner Ex affiliates who want to take advantage of the compensation plan are required to invest money for an advertised ROI.
- Hourly Plan – Invest $8 to $6000 and earn a 4% hourly ROI for 33 hours (132%)
- 3 Daily Plan – Invest $501 to $10,000 and earn a 240% ROI in 3 days
- 1 Day Plan – Invest $8 to $6000 and earn a 150% ROI in 24 hours
- VIP Plan – Invest $1000 to $10,000 and earn a 200% ROI in 5 hours
Referral commissions are paid out to affiliates through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team, which then puts every personally sponsored affiliate immediately under them on level 1.
When a level 1 affiliate brings in new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When a level 2 affiliate brings in new affiliates, they are put on the 3rd level, and this level creation continues on down as many levels as are needed.
Payable unilevel levels are capped by the company at 5, and commissions are paid out as a percentage of the money that is invested through these 5 levels:
- Level 1 (personally sponsored affiliates) – 3%
- Levels 2 and 3 – 1%
- Level 4 – 0.5%
- Level 5 – 0.2%
Cost To Join Coiner Ex
The cost to join Coiner Ex as an affiliate is free, but free affiliates are only able to earn referral commissions.
If you want to fully participate in the company income opportunity, a minimum $8 investment is required.
Verdict on Coiner Ex
Alright, so we’ve come to the end of my review, and now I can say that I don’t think this company is 100% legit…
Coiner Ex says they bring in external ROI revenue through a “team of pros in the field of altcoins trading on cryptocurrency markets”.
Okay, so where’s the proof of this trading? There isn’t any…
Another red flag is their claims of a consistent 200% ROI in five hours (that’s 960% a day).
If the company was legitimately able to do this, why would they need strangers on the internet to join and invest?
The truth here is that the only source of income being generated here is from new affiliate investments.
These investments are used to pay out the ROI promised to existing affiliates…
But when recruitment slows down, so will the investments…
This will cause a collapse in the company and almost all of the affiliates will lose their money…
So, if you are thinking of joining this company, just keep that in mind…
I hope you enjoyed my Coiner Ex review and if you have any questions, please leave them in the comments below…
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-Jesse Singh
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The post Coiner Ex Review – Legit Business or Big Scam? Find Out Here… appeared first on Marketing Xtreme.