What is iQuandex – Is It A Scam or Legit?

You may not have known about iQuandex and are wondering What Is iQuandex? Is this platform a scam or legit? Can you make money with this or is it a waste of time? iQuandex is a cryptocurrency trading platform operating from Russia. Frankly, the fact that this cryptocurrency platform originates from Russia is a HUGE red flag from the start!

iQuandex has no information about the company or who runs it. However, there is a YouTube link to the official channel of the company, which contains marketing videos in Russian. The company has been linked to a man named Abrarov Rinat Fanozovich as the founder. However, searches on Google have brought up no results, throwing doubts in the air about whether it’s a completely made-up name.

Another area of skepticism is in the fact that the materials on their YouTube channel feature a man named Denis Derkach. According to his Facebook profile, he’s some sort of ‘crypto expert,’ and this is evident in the kinds of posts he makes. However, this Facebook account was created on August 16, 2020, making it seem suspicious and likely a marketing ploy.

Also, this platform encourages people to invest in the ‘iQuandex iQ Bot’ when they join, promising them various amounts of ROI when they subscribe to any of the five investment plans. In this review, we will talk about these investment plans, the commissions, how to register, and whether this platform is legit or a scam.

What Is iQuandex And Should You Invest In This Platform?

iQuandex has no retail products or services; affiliates can only promote the affiliate membership. After registration, you are expected to invest in one of the compensation plans. You can do this by paying a fee of from $25 – $5000, which they will place under the control of the ‘iQ Bot.’

• Pay $25 to be able to invest $250 to $1500 on the promise of a 110% ROI
• Pay $250 to be able to invest $250 to $1500 on the promise of a 150% ROI
• Pay $750 to be able to invest $200 to $5500 on the promise of a 150% ROI
• Pay $1500 to be able to invest $7500 to $15,000 on the promise of a 150% ROI
• Pay $5000 to be able to invest $20,000 to $60,000 on the promise of a 160% ROI

Also, there is no fixed term for these investments; once the advertised returns are paid to you, you must reinvest in the platform to keep earning. These reinvestments are used to pay others, and the cycle continues. Note that the $25 package is only available to new affiliates, so reinvestments cost more than that for existing affiliates.

Affiliate Ranks

There are ten affiliate ranks on this platform. Here are the requirements to attain each rank and the promised rewards that accompany them:

• Bronze rank – generate $1000 in downline investment volume and receive $50
• Silver rank– generate $3000 in downline investment volume and receive $150
• Gold rank– generate $10,000 in downline investment volume and receive $500
• 1 Star rank– generate $30,000 in downline investment volume and receive $1000
• 2 Stars rank– generate $80,000 in downline investment volume and receive $3000
• 3 Stars rank– generate $240,000 in downline investment volume and receive $10,000
• Diamond rank– generate $720,000 in downline investment volume and receive $25,000
• Red Diamond rank– generate $2,180,000 in downline investment volume and receive $60,000
• Blue Diamond rank– generate $6,500,000 in downline investment volume and receive $180,000
• Grand Blue Diamond rank– generate $20,000,000 in downline investment volume and receive $500,000

Recruitment Commissions

These commissions are given to existing members who promote the program and attract new members. The commissions depend on how much the sponsoring affiliate paid when they got started.

• Affiliates who buy the $25 or $250 package can generate up to 8% recruitment commissions
• Affiliates who buy the $750 or $1500 package can generate up to 10% recruitment commissions
• Affiliates who buy the $5000 package can generate up to 12% recruitment commissions

Also, if your recruit sponsors two other members to get the $250 package within the first 72 hours of their joining the platform, you’ll get a $100 bonus. The bonus becomes $150 if three members are sponsored.

Residual Commissions

iQuandex engages its users by promising residual commissions through a binary compensation structure. This compensation plan divides a team of members into two and places an affiliate at the top. Members can fill these positions directly or indirectly, and there is no maximum number of levels.

• Members of the $25 package can earn 10 points
• Members of the $250 package can earn 100 points
• When you purchase the $750 package you can earn 300 points
• Members of the $1500 package can earn 600 points
• Buying the $5000 package can earn you1200 points

How to Register

iQuandex registration is free. You can register with the following information; Email address, Username, Phone number, City, and Password. However, to buy an investment plan, you will need to pay a membership fee ranging from $25 – $5000. Supposedly, once you are successfully registered, your ROI starts building up. You can then start promoting the affiliate link to earn commissions and bonuses.

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Conclusion: What Is iQuandex And Is It A Scam?

It is unclear whether this company is trading bitcoin or any form of cryptocurrency even though they claim to. The website has no information about its owners or proof that the Trading Bot it claims to be running is real. I mean, if the Bitcoin trading bot they claim to have makes those amazing profits, why on earth do they need our money?

The man who is featured on their YouTube page, Mr. Denis Derkach, has been involved in some Ponzi schemes in the past. He has promoted ponzi sites like Vizionary MLM, Bitclub Network, and most recently, Kannaway. iQuandex encourages people to register and get returns depending on how much they registered with, but members are compelled to always reinvest in the system.

This is an indication that these reinvestments are what the company uses to pay others. Also, the only visible way this company pays you is via recruitment of new members, making it nothing short of a Ponzi scheme. iQuandex is similar to other cryptocurrency Ponzi/pyramid schemes I’ve reviewed on this platform:

• EXnGlory 
• Comex Trades
• Allbit Trade

What Is iQuandex – The Shenanigans Have Been Exposed!

It is not a genuine investment platform. At most, it is a pyramid scheme that hopes to get as many people as they can before its eventual crash. This is certain because recruitment will eventually stop, and when this happens, the company will crash. Recruitment and reinvestment are the only sources of income anyway. Therefore, iQuandex is a Ponzi scheme, disguised as a bitcoin trading platform.

It is a risky venture to attempt to join, and I will not encourage you to. However, there’s one issue I need to address…You’re reading this post on iQuandex because you’re trying to find a way to make money online. The problem is this: SCAM programs like iQuandex saturate the internet. These cockroach scammers take advantage of people who they know are either too lazy or too reluctant to do the work necessary to create a five, six, or seven-figure income.

Here is an indisputable fact: If you want to make a life-changing income, the kind of income that can provide you with a dynamic life filled with wonderful choices, you are going to have to learn how to leverage the power of the internet.

Warning: The RED Flags of Schemes and Scams Online

It would be best to watch out for these things with multi-level marketing companies, as they are red flags you should not ignore. Taking note of these eight signs can save you considerable time and money.

1. A FREE Trial Is NOT Offered By the Company

This is a big one to look out for. Most information products are worthless, and if you could jump directly into those products and “try them out” before you had to invest in them, you would never invest in the low-quality substance. That is why they hide behind a payment. If their information is so good, should they not prove it by giving you a taste of it?

2. Companies That Don’t Clearly Outline Pricing

If you go to a sales page for a product and they don’t disclose the price clearly, you will likely get “duped.”  Any legitimate company will offer clarity on pricing and have a pricing page on their website.  MANY companies in this industry HIDE their pricing; it is unethical, and it will almost certainly scam you. Also, if the company charges hundreds or even thousands of dollars for their products or for joining their business “opportunity,” it should be of concern.

3. MLM Companies That Use Video Sales Pages / Squeeze Pages

If you visit a “sales page” and the only thing you see on the website is HYPE, this is almost certainly going to be an expensive, overpriced scam. This marketing tactic is used to HIDE pricing and hide the product itself. They typically ask for your email or a small payment, and then you are going to be put through an extensive and expensive sales funnel.

4. Companies That Don’t Have a High TrustPilot Rating

TrustPilot is the place where you should be going to get real consumer reviews about products/services that you plan on buying. If a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, then you may want to second guess it, and there are going to be better programs and services available.

5. Multi-Level Marketing Companies That Sell “Riches” Without Telling You the Process

If you are being pushed by the idea that you are going to be “rich” without telling you what you will be doing to earn this money (in a specific way), then they are selling the sizzle…and chances are there is no “steak” after you make your purchase.  Avoid programs like this like a plague.

6. Companies Without an Easy Way to Contact Them

If you don’t have a direct way to contact the company to answer questions about their program, then they are hiding behind something. That is the first clue, and I recommend you test it. If the company has an email address, email it. If you don’t get a response within 48 hours at most, then that is probably the sort of help you can expect in the future.

7. Companies That Don’t Offer Direct Access/Communication with the Owners

Who owns the product? Can you get help and/or communicate with them directly?  If NOT, then this program is more than likely in the business of taking your money. CEOs in the opportunity world who are not willing to directly communicate with their customers have a “too good for you” mentality, and they should be avoided.

8. Companies That Are “Information” Only

If they are just providing you with “ideas” about how you could create a business without offering you all the tools, services, and levels of ongoing support that you need to succeed online, you are going to have a tough time succeeding. Many companies charge you for their information and then tell you that you need to purchase all sorts of stuff to use the techniques taught.

When you look at the evidence, multi-level marketing platforms like the iQuandex are not business opportunities you want to get involved with! My rating of this so-called “make money online opportunity” is 0 out of 8!

When you look at the above eight points discussed, multi-level marketing platforms like iQuandex are not business opportunities you want to get involved with! My rating of this so-called “make money online opportunity” is 0 out of 8!

As you can conclude from the above information, multi-level marketing companies are not all what they claim to be. Too often, people put their hope and trust in someone else making money for them instead of learning how to leverage the power of the internet with their own online presence. People look for others to rescue them financially when, in reality, YOU have to come to your financial rescue!

However, there is a BETTER OPTION if you want to create your own online business. There is a platform available that will teach you step by step how to build your own online business, an ethical platform whose primary focus is to help everyday people learn how to make money online, a platform where you can immediately have access to individuals who are highly successful with their online businesses. Introducing Wealthy Affiliate, The Industry Leader in the Online Business Space…

1. Wealthy Affiliate (or WA for short) Offers a Free Trial
2. WA Offers Clear Pricing
3. WA Offers a comprehensive website
4. WA has a High TrustPilot Rating
5. WA is not a get-rich-quick scheme 
6. WA offers a clear way to contact the company  
7. You can contact Kyle & Carson directly 
8. WA offers tools and support

(1) Companies That Don’t Offer a Free Trial.  

This is one of the key reasons that I want to introduce you to Wealthy Affiliate. You can get a “test drive” to Wealthy Affiliate, but that doesn’t end, and there is NO credit card requirement. This is their Starter membership, and it includes more than any paid product I have seen in this industry. Here are just a few things that you get within the COMPLETELY FREE Starter membership.

• One Free Profit-Ready Website (Hosting Included)
• Getting Started Training, 10 Full Video Lessons
• 7 Days of Full Mentorship & Expert Help
• Communication Directly with Kyle & Carson (the founders)
• Keyword and Market Research Tools
• The Affiliate Opportunity Platform
• Ability to Network with Millions of Fellow Entrepreneurs
• 100’s of training resources
• And Much More!

(2) Companies That Dont’ Clearly Outline Pricing.   

Wealthy Affiliate’s pricing page clearly outlines three available memberships: a Starter membership (FREE), a Premium ($49/month), or a Premium Plus+ ($99/month). There are no upsells and nothing more complex than this. You are not obligated to upgrade, but if you do decide to, you can run a million-dollar online business utilizing the platform and tools that Wealthy Affiliate offers. 

(3) Companies That Use Video Sales Pages / Squeeze Pages.  

Wealthy Affiliate offers a comprehensive website where you can learn more about the exact process of building an online business and all of the platforms, technology, and services involved that are offered to you as a member. This includes a thorough outline of WA’s education, hosting, website, domains, community, and success elements.

(4) Companies That Don’t Have a High TrustPilot Rating.  

WealthyAffiliate.com has a 4.8 STAR rating on TrustPilot. The owners personally get back to every comment, and this leads to the industry. It is tough to achieve a rating like this in any industry, let alone the make-money-online niche.

(5) Companies That Sell “Riches”.   

One thing you will not hear from Wealthy Affiliate in any of their training or marketing is “get rich quick.”  The reality is that to build a business, you first have to build a solid foundation and understand it. Wealthy Affiliate provides you with the tools, training, and platform you need to create a business of any size online (even million-dollar websites), but you must be realistic about the process. It will take some hard work and dedication. 

(6) Companies Without an Easy Way to Contact Them.  

You can contact Wealthy Affiliate directly from their website without being a member. They have a contact form, and the owners freely share their email addresses if you ever need to get in touch with them or have any questions. They are kyle@wealthyaffiliate.com and carson@wealthyaffiliate.com. Feel free to reach them directly if you have questions, and of course, as a member, you are going to have access to them within the community. Which leads me to…

(7) Companies That Don’t Offer Direct Access/Communication with the Owners.   

Wealthy Affiliate is the most transparent company in the space and offers you access to Kyle and Carson, the founders, directly within the community. If you want help from them directly, just ask. You can even access them for their help and mentorship within the first 7 days of the Starter membership…so without paying a dime, you can access both of the owners directly!

(8) Companies That Are Just “Information”.  

Many things are required to build a successful business online, and Wealthy Affiliate includes all of them.  To build an online business, you need a website, top-tier hosting, marketing and research tools, ongoing education of the latest marketing strategies, writing tools/platforms, and a way to find the TOP opportunities online.  Not to mention support, mentorship, and expertise. These are ALL things that Wealthy Affiliate provides you with any level of membership, equipping you to create, grow, and manage a business of any level online.

No other company in the industry offers a free “test drive,” as they likely don’t have the confidence that someone would purchase a trial. WA gives you access to its platforms, websites, hosting, research tools, community, and support within the free membership…so there is ZERO risk, and you can make a decision if you ever want to purchase a premium membership.

Leverage The Power Of The Internet So You Can Learn How To Make Money Online

Instead of getting sucked into another questionable “business opportunity” or scam, you should take a look at my “no. 1 recommendation” below. The platform I highly recommend helping you to learn how to make money online has everything you need, all in ONE place for one reasonable price.

My recommendation below is by far the highest value, most cost-efficient way to create and grow an online business in 2020 and moving forward. If you have struggled for years to build a successful business online, or feel that you don’t have the “full picture”…

Click on the banner below and get more information so you can start building a REAL business that can help you make a life-changing income for years to come. You can even start an account for FREE!

Talk Soon,

Howard

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