iGenius Review: Legit Forex Crypto MLM or Pyramid Scheme?

iGenius Review: Legit Forex Crypto MLM or Pyramid Scheme?

Today we will be reviewing a company known as iGenius. Is this company the real deal? Find out in this iGenius review.

If you see someone advertising on social media sites providing the so-called “secret” to your success, that person is most certainly a referred to as a guru. That’s most likely how you learned about Chad Garner and his company.

Are you looking for the ideal location and time to start your business but aren’t sure where or how to begin?

You’ve tried every online money-making strategy imaginable. You’ve purchased every self-help book you can find and watched “training videos,” but you’ve gained no meaningful knowledge from them.

You understand that things don’t have to be this way since you recognize your value. You know you are entitled to a better quality of life.

This review will look at the company to see whether it is the best . You’ll also learn whether joining an MLM is the right business for you.

Before you decide to commit to this, you should read this iGenius review first. You should check if it is worth your time before you pay for it.

DISCLAIMER: This is a fully independent review. I’m not affiliated with Chad Garner in any shape or form whatsoever.

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iGenius Review – Quick Details

What is iGenius?

iGenius Review - Logo

iGenius promotes itself as a platform that allows individuals to take charge of their own destiny. According to the company’s website, it is “revolutionizing financial markets” by bringing current investment processes and technology.

Furthermore, iGeniusGlobal.com asks customers to have complete faith in the firm since it provides a broad selection of instructional materials and resources to assist users in learning crypto trading and FX trading.

However, you should keep in mind that the company’s main purpose is to get individuals to invest in the platform. It’s conceivable that iGenius is merely making promises about being a trustworthy education provider in order to get people to invest.

Because it is most likely a reincarnation of a failed Ponzi scam, iGenius has a tumultuous past. Kuvera Global was a Ponzi scam that defrauded its investors. iGeniusGlobal.com is now the official website of Kuvera Global.

iGenius Review - Chad Garner

Chad Garner, who was formerly connected with Kuvera Global, is also the company’s CEO. Kuvera Global has been involved in a number of scandals, with the CFTC stating that the firm was operating a fraud and offering unlawful trading services.

Kuvera Global’s iGenius isn’t the company’s first Ponzi scam. Many other MLM and Ponzi scams are linked to it.

Following the bankruptcy of Kuvera Global, it is evident that iGenius was formed to continue to defraud individuals and steal their money.

They are a subsidiary of Investview, a publicly listed firm, according to their website.

When you join iGenius, you may make money via the MLM opportunity as well as the investment potential through CryptoElite, which is powered by Endotech.

iGenius has a management team that includes communication, sales, technology, and marketing directors, among others.

Kuvera Global’s business concept is extremely similar to iGenius Global’s, which did not work out so well for Kuvera Global.

How do you get started with iGenius?

iGenius Global operates in a similar manner to other businesses in the same niche.

  • The initial step is to establish an account by locating an associate member who promotes the offer.
  • Secondly, you have to pay your first month’s membership fee to become an active member and have access to all of your subscription level’s features.
  • The next step is to invest with CryptoElite, a cryptocurrency exchange powered by Endotech. This will provide you with a guaranteed return from their cryptocurrency trading platform. This step is completely optional, though.
  • The fourth step is to familiarize yourself with your back office and get your affiliate connection.
  • For the fifth step, you need to share your affiliate link to advertise the possibility to start building your MLM downline network.
  • Lastly, you need to continue to spread the word about the opportunity so that you may profit from everyone you refer, including your whole downline.

Pricing

Joining this company is not free, of course. After all, their main income stream comes from people’s membership fees. This is why they even created different membership tiers — to give people the illusion that they are actually getting into the company as “premium members”.

iGenius Review - Membership fees

I’ll never understand why people continue to be fooled by these companies. I guess this is because MLMs really know how to convince people that they can make money in them.

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How Do MLMs Work?

I feel like if I don’t include this in my review, I’ll be leaving you in the dark. After all, this may be your first time reading about a multi-level marketing program. It would be unfair not to provide an explanation of how a multi-level marketing company operates.

If you’re not acquainted with multi-level marketing, I suggest reading the whole piece. This section serves as a quick primer on multi-level marketing, so you may use what you’ve learned so far as you continue reading.

You may also help others in need by sharing what you’ve learned, which is an excellent subject for conversation.

MLMs are very aware of their low exposure. One of their marketing methods is just that.

Individuals are enticed to join by being given incentives such as a permanent discount on the item being sold, and then being urged to do free promotional work for the company.

They convince them that the products they’ll be selling are revolutionary, and that customers would rush to purchase them. As a consequence of the deceit, people are made to feel that product sales would come easily to them.

Because gullibility is not a crime, those who trusted MLMs are not to blame. At some point in our lives, we’ve all held beliefs that turned out to be false.

We should concentrate our efforts on businesses that jeopardize people’s financial circumstances. They seem absorbed with their own affairs. As long as gullible people fork over money, the cycle of deception will continue.

Please help us spread the news by forwarding this blog to your relatives and friends. MLMs are a complete waste of both time and money.

iGenius Compensation Plan

For this section of the iGenius review, you will learn about the different ways with which you can make money in the company.

I’ll explain how you can make some money with iGenius in this portion of my iGenius review.

iGenius has a multilevel marketing compensation structure that includes performance bonuses.

The firm also has a passive income component that isn’t well-publicized. Probably because this is the portion of their business plan that isn’t actually the best legal component of it? This is just my assumption though.

Fast Start Commissions

They give fast start commissions when you initially start promoting iGenius as an affiliate. This is further strengthened by what they refer to as upgrade incentives, which I believe is a fantastic technique for assisting newcomers.

You may receive a $25 fast-start incentive up to a $200 fast-start bonus depending on the membership plan your new member chooses.The incentives are only given only once.

The firm will also give an upgrade incentive if and when your downline upgrades to a higher plan.

Rapid Fire Commissions

Another aspect of their compensation scheme that is quite tempting is this.

You will be paid $25 per month for each personal member that renews their iGenius membership on a monthly basis.

This is on top of the additional commissions you’ll be able to earn as your team expands.

Other Bonuses

You may make more money with iGenius than just the types of commissions I mentioned above. In addition to the aforementioned, they provide:

  • Generational Match Commissions
  • Binary Commissions
  • X6 Bonus
  • X12 Bonus
  • Top Up Bonus Commissions

I found a video on YouTube that goes through the company’s compensation plan in further detail.

If you want to make money online, check out this logical business model that helped 6000+ people.

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Is iGenius Legit?

In this section of the iGenius review, you will whether this company is trustworthy or not.

The fact that iGenius was founded after the collapse of Kuvera Global and the myriad problems surrounding it is noteworthy. It suggests you should stay away from iGenius since it is a relaunch of a failing business.

Kuvera Global’s team is using the same business concept under a new brand to continue to recruit individuals and defraud them of their money. It’s quite likely that iGenius, like Kuvera Global, is breaking a lot of regulations.

Despite iGenius’ various assertions, it is clear that the firm is dependent on user investment to survive. It basically implies that the firm is a Ponzi scam, and you should not trust it.

Why I Don’t Recommend iGenius

You may be thinking that I am completely biased regarding my negative opinion about iGenius, but I really am not. They are just a company who happens to be not doing anything good for their members.

Well, in the first place, what does iGenius offer to you? They claim that you have a great opportunity waiting for you by joining the company, but that is far from the truth. All they want from you is your hard-earned money.

Money is what drives them to rise from the ashes as a new firm with an identical business model. The first one has collapsed, so they are trying again. They should have learned the first time, though.

The MLM business model is not sustainable at all because a point would come where you will not be able to recruit any more new people. That’s when it will collapse. And if you look closely at the statistics and do your math, MLMs do not really last.

So, will you be willing to give your money to a company that does not care about you? Will you want to support a company that is bound to fail eventually?

Well, you shouldn’t. So stay away from them.

Alternatives to iGenius

MLMs are bound to fail eventually, which is why I will never recommend ever joining one. So, which kind of side hustle would be able to make you some money?

A side hustle, after all, should be something you can accomplish in addition to your current full-time job. Because of this, it should be something you like doing and not require you to understand a lot of complex subjects.

If you want to make a lot of money, though, you’ll need a more advanced concept. You may choose to establish your own eCommerce company by creating a website where you can conduct sales of products of your choosing.

If you’ve ever worked in marketing, you could find it to be a good fit. If you’re interested in stockbroking, you may want to give it a go.

There are several choices available to you. Now all you have to do is choose one that you think you can succeed at. Something simple that will almost certainly bring in money.

10 Shocking MLM Statistics that You Need to Know!

MLM stats

  • Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
  • There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
  • Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
  • The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
  • According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
  • In the remaining 26% that actually make money, 53% of them make less than $5000/year.
  • 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
  • Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
  • 75% people that joined MLMs say that they will never again join any kind of MLM.
  • A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.

SOURCES:

Final Verdict – iGenius Review

Before I end this iGenius review, I would like to share a few more insights that could help you.

Now that you have reached the end of the review, I am pretty sure that you have learned what you need to learn. First off, I know that I made my point about MLMs. They are a scam.

They may not look like scams, but they most certainly are. This one in particular does not really have products to sell. Commissions are also based primarily on the number of new people recruited to the company, same as what ponzi schemes do.

The reason why MLMs continue to operate is because people to continue to fall for their false promises. These companies are expert in deceiving and manipulating people into thinking that they have a wonderful opportunity in store for them.

Well, they don’t. They are nothing but scammers who would do and say anything you want to hear so that you’ll give them money.

If you want a good opportunity which is not a scam and would really work in your favor, then I can suggest one for you. It has already worked for thousands of people, so maybe it could be the one you are looking for.

Details for these are available in the next section.

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Thank you for reading this iGenius review.

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See you on the other side.

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