What Is iQuandex? It’s a Cryptocurrency Investment Trading MLM Scheme!
Welcome to my iQuandex review!
Cryptocurrency is one industry that has a lot of people taking advantage of because the general public is not very well-educated about it. They just assume that it’s one thing that you can invest on and expect to make a huge income out of it.
This is why some MLM companies marketing cryptocurrency investments end up to be nothing more than scams.
Today, we’re going to be looking at another MLM scam called iQuandex.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with iQuandex in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal what this trading bot scheme is all about...
iQuandex Review Summary
Product Name: iQuandex
Founder: Denis Derkach
Product Type: Cryptocurrency MLM
Price: $25 to $5000 investment
Best For: No one!
Summary: iQuandex is a cryptocurrency MLM scheme that's proven itself to be nothing more than a pyramid scheme. The recruitment is the name of the game here, and is the only way to make money here. There's still a lot of red flags on this scheme that we'll be explaining...
Rating: 1/100
Recommended: No!
More...
What is iQuandex?
iQuandex claims that it’s a cryptocurrency investment MLM (multi-level marketing) company. But on its landing page, it’s actually nothing but a landing page.
There’s a link to their official YouTube channel that you can find on their landing page. But the videos on there are all in Russian.
The domain name was listed and registered on March 18th 2020 with Abrarot Rinat Fanozovich listed as the owner. But when we did a search for Fanozovich on Google, we couldn’t find any information about him outside of being connected to iQuandex.
This just means that the person who supposedly owns this company used a fake name, or does not even exist in the first place. Either way, this is a red flag.
What is iQuandex - Denis Derkach
On the other hand, we also have one more person attached to iQuandex named Denis Derkach, who’s supposedly an “international cryptoexpert”. His profile states that he’s from Russia but he’s living in California.
According to his bio, he started with investing $15k in cryptocurrency investments, and have grown it to $350K since.
But here’s where it’s sketchy. His Facebook profile was only created just this August 2020, which is kind of suspect. His active VKontakte profile lists Russia as his current city. We don’t know why he’s pretending to be in California though.
Up until iQuandex, Derkach was involved with Kannaway and was also involved in BitClub Network Ponzi scheme in 2017. As you can see, he does have a shady reputation.
iQuandex Product Line
iQuandex has no retail products or serves, meaning it only has its income opportunity to offer to potential members.
In other words, recruitment is the name of the game.
I'm Jerry!
I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!
Does The Product Work?
iQuandex promises to have a trading bot, which is supposedly “automated” to trade cryptocurrency such as BitCoin, Ethereum, Ripple, and so on.
iQuandex members sign up for the bot, pay people who recruited them, and recruit new people to get paid.
There are no proofs whatsoever that there’s trading being done or income being generated through other means outside of recruiting people.
Because they offer a passive ROI through their bot, it means that iQuandex offers a securities offering. Whether or not they’re a real company, they need to be registered with financial regulators to be able to carry out these transactions.
Unfortunately, there’s no proof that they’re registered with any, and that’s why they’re committing a crime here. They’re commiting securities fraud on top of operating a pyramid scheme. Combine them both, you get bad news. It’s also bad news for people who promote these products.
How To Make Money with iQuandex?
There’s only one way to make money here through iQuandex and that’s through recruitment.
How To Get Started with iQuandex?
To take part in their income opportunity, you need to invest anywhere between $25 and $5000.
Once you get your advertised return rate, you musut continue to pay another membership fee or reinvest to continue with the income opportunity.
iQuandex Compensation Plan
iQuandex members payy a fee, which determines how much they can make from their supposed iQ Bot.
These funds are placed under control of the bot on the promise of advertised returns listed below:
Spend $25 to be able to invest $250 to $1500 on the promise of a 110% ROI
Spend $250 to be able to invest $250 to $1500 on the promise of a 150% ROI
Spend $750 to be able to invest $200 to $5500 on the promise of a 150% ROI
Spend $1500 to be able to invest $7500 to $15,000 on the promise of a 150% ROI
Spend $5000 to be able to invest $20,000 to $60,000 on the promise of a 160% ROI
The first option is the only one available to new members and can be used only once. There’s no fixed term for investing in iQuandex.
iQuandex’s Affiliate Ranks
There are 10 member ranks within iQuandex’s compensation plan. They also have the following respective qualification criteria:
Bronze – generate $1000 in downline investment volume
Silver – generate $3000 in downline investment volume
Gold – generate $10,000 in downline investment volume
1 Star – generate $30,000 in downline investment volume
2 Stars – generate $80,000 in downline investment volume
3 Stars – generate $240,000 in downline investment volume
Diamond – generate $720,000 in downline investment volume
Red Diamond – generate $2,180,000 in downline investment volume
Blue Diamond – generate $6,500,000 in downline investment volume
Grand Blue Diamond – generate $20,000,000 in downline investment volume
Recruitment Commissions
You get a commission for recruiting new members. These rates are based on how much the recruited member paid out in membership fees:
pay $25 or $250 in membership fees and get 8% on recruited affiliates
pay $750 or $1500 in membership fees and get 10% on recruited affiliates
pay $5000 in membership fees and get 12% on recruited affiliates
You also get a $100 recruitment bonus if a new iQuandex member recruits two new members who pay out more than $250 or higher within the first 72 hours.
Residual Binary Commissions
iQuandex also pays out residual commissions on initial fees paid out by your members. This follows a binary compensation structure placing your members at the left and right leg of your team.
Their members will also be placed under their legs, following the same structure. You get a percentage from these legs, up to a specific level.
Residual Unilevel Commissions
iQuandex also pays out residual commissions via a unilevel structure. Your members are placed under you and dubbed as level 1. Their recruits are your level 2 and goes on from there. iQuandex caps these out at 10 levels.
This is how much they pay you per level:
pay $25 or $250 and receive 5% on level 1 (personally recruited affiliates)
pay $750 and receive 5% on levels 1 to 3
pay $1500 and receive 5% on levels 1 to 5
pay $5000 and receive 5% on levels 1 to 10
iQuandex Ugly Truths Revealed!
#1 Obvious Pyramid Scheme
By the way their compensation plan was looking, it’s really nothing more than a pyramid scheme in disguise of a trading bot.
You don’t get paid just by investing money into the program. There’s no proof of that. You only get paid when you recruit people into the program, and that’s it.
#2 What Trading Bot?
As mentioned earlier, their trading bot is 100% BS. It really doesn’t make sense why any company who has access to a profitable software would allow people to take part in it for a measly $25!
If you look at legitimate trading platforms like 24Option and IQ Option, their minimum investment is about a couple hundred dollars and that’s because they’re going to take a small cut from your profits to pay off for the service.What I Like About iQuandex?
There’s nothing to like about iQuandex. It’s just one big pyramid scheme.
Is iQuandex a Scam?
There’s no doubt that iQuandex is a pyramid scheme just by looking at its compensation plan. There’s just nothing of value to be had here because it doesn’t really do everything it’s promised.
You can’t make money from the trading bot but it’s non-existent. You only make money from recruiting people, and that’s already a huge red flag in itself.
Let’s not forget the fact that their founder has been involved in numerous, and quite big, pyramid schemes. That’s another thing it’s got going in this scheme.
All in all, just stay away from this program.
How I Make a Living Online?
I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.
Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.
The reason is simple...
- You don't have to recruit anyone to make money
- You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
- It's Free to get started
In fact, with affiliate marketing...
I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!
Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...
If you want to discover the secrets of how I did it at such a young age, click here!
