Evo Binary Review – Legit Or Scam?

Evo Binary ReviewHas someone approached you lately about joining Evo Binary?

This doesn’t surprise me – it’s been getting a lot of hype in the last couple of week, with people pitching it all the time.

First, let me make one thing clear – I am NOT in any way affiliated with Evo Binary.

I simply wanted to gather all the details here for you in my Evo Binary Review so you can make an informed decision.

Is Evo Binary truly a scam?

Does it really work like the marketing materials say it will?

Read on to find out in my Review of Evo Binary.

Let’s get going!

 

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What The Heck Is Evo Binary?

Whenever we review a new multi-level marketing company, there are a few very key factors that we look for – one of the most important ones being whether or not the company is upfront and direct in regards to who’s running and managing the company in question.

In the case of Evo Binary, the company operates in the field of the forex niche, and the company offers a PO Box for their corporate offices that’s located in Dubai.

Along with that address, the website for Evo Binary touts a certificate that’s supposedly from the Dubai Aviation City Corporation. According to this certificate, two CEOs from different, undisclosed companies decided to work together to create the company.

However, despite listing that two CEOs are involved with Evo Binary, the website only mentions one name. That name is Ramon Alcantara, and it’s still unclear to us as to whether or not he is also located out of Dubai.

Another area that seems to be lacking is any history of Ramon’s previous involvement with other multi-level marketing companies. His bio claims that he was the CEO of another company prior to his time at Evo Binary, so we would expect to be able to find a good deal of information on the man. Unfortunately, the reality is quite the contrary.

Evo Binary isn’t off to the worst star that we’ve ever seen, but it’s certainly far from the best.

Evo Binary Scam

What Can You Tell Me About The Evo Binary Products?

Unfortunately, any hopeful thoughts we just had are quickly diminished when we see the absence of any product line of Evo Binary. This is something that we see far too often with new MLM companies, and it’s something we wish would stop popping up.

When a company lacks a product line, there’s no real way for outside, retail consumer money to fund the operations of said company. As a result, the only funds being invested are from those that are affiliate within the company.

This is the case for Evo Binary, and it creates for a rather bad feeling in the stomach.

What Can You Tell Me About The Evo Binary Compensation Plan?

Evo Binary promises their ROI’s a monthly return on investment, but in order to be eligible for this money, affiliates are required to invest a minimum of 500 EUR. The actual breakdown for the different levels of investment go as follows –

  • Affiliates who invest 500 EUR will be eligible to earn a monthly return on investment of up to 81 EUR (Partner)
  • Those who throw in 1500 EUR into Evo Binary will be able to raise that monthly ROI up to as much as 270 EUR (Professional)
  • Ponying up 3000 EUR will award investors with their monthly return on investment being increased to a max of 540 EUR (Master)
  • Those who want to move up to the VIP level will need to invest 9000 EUR. As a result, their monthly ROI will get a boost up to a cap of 1620 EUR.
  • Finally, the VIP Premium level requires a minimum investment of 20,000 EUR. Investing this amount will award affiliates with a monthly return on investment of up to 5400 EUR.

Recruitment Commissions

Along with these monthly returns on investment, affiliates for Evo Binary can earn an additional commission for every new member that they enlist to join the company’s affiliate program.

The actual amount that an affiliate can earn is based upon what investment level their new recruit signs up for.

So, if a new member invests at the Professional level, the affiliate who recruited them will earn a commission of 50 EUR. Similarly, a new member investing at the VIP Premium level will grant their recruiting affiliate with a healthy commission of 1000 EUR.

Residual Recruitment Commissions (Binary)

When recruitment in Evo Binary takes place in a binary manner, commissions are paid out through a binary system.

Evo Binary Compensation Plan

The binary system used is similar to other ones we’ve seen, with each advancing level splitting off and doubling the number of affiliates in the previous level.

The positions that are available in this binary system are filled as new affiliates join Evo Binary, and when these affiliates invest money into the company, different point values are then generated.

The value of these points is dependent on the level that an affiliate invests at. For example, a Partner affiliate will generate 24 points, whereas a VIP affiliate will generate 360 points.

At the end of each day, the amount of money that’s been invested is totaled up, and an affiliate is then paid a commission from the value of points that’s been generated from the weaker side of the binary system.

Here, 1 point equals out to $1.

Residual Recruitment Commissions (Matrix)

Along with the binary system, Evo Binary also handles additional residual recruitment commissions through the use of a 4 x 7 matrix.

As with all other matrices, it starts out by having one affiliate placed at the very top of said matrix.

This affiliate sets out to fill four new positions below them, with those new four positions setting out each quadruple the amount of affiliate positons. This process goes on and on for four different rows.

In order for the 4 x 7 matrix to be filled, a total of 87,380 positions need to be filled by affiliates.

In order for commission to be doled out, this matrix first needs to be filled. Once that occurs, the amount of money that an affiliate will earn is also dependent on the investment level that they are at.

Binary Rewards

Along with monthly ROIs and different recruitment commissions that are available, Evo Binary also offers their affiliates something that they call Binary Rewards.

Binary Rewards are available to affiliates who are able to generate a certain amount of points based on their lesser team in the binary system.

There are six different rewards available, and it starts out with an iPhone 6S 128GB model that can be redeemed after generating 8000 points.

A 27” iMac Retina can be obtained after generating 60,000 points, and after just 1,000,000 points are generated, an affiliate can claim a brand new Porsche Panamera.

Are There Membership Fees For Evo Binary?

If all of this sounds enticing to you, you’ll be required to pony up some cash of yours in order to get involved with all of these opportunities that Evo Binary is offering.

There’s a membership fee of 50 EUR that first needs to be paid, and then you’ll need to decide which investment level you want to side with. These investments start out at 500 EUR, but can grow to be over 20,000 EUR.

Is Evo Binary A Scam?

If you’ve come across a review that says Evo Binary is a scam while researching, I wouldn’t be surprised.

A lot of marketers will tell you something is a scam just so they can sell you something else.

So, can you trust those other reviews?

What is the truth about Evo Binary? Is it really a scam, or is it legit?

I would say no, not exactly. However, there are a few things in the business you should be aware of – read on to the conclusion to find out what they are.

Knowing what you’re getting into is the best way to be successful.

See below for my FREE training that will help you make money!

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What’s your Conclusion About Evo Binary?

Despite not having any form of product line to speak of, Evo Binary is claiming that they have some form of external source of revenue from a forex that’s funding this whole operation.

While that would be fine, there’s a major problem with the particular system that Evo Binary has set in place. You see, the vast majority of funds that are invested are then paid back out to fill the commissions that the company is offering to their affiliates.

As a result of this, there’s little to no money that’s left over for Evo Binary to reinvest back into the forex. Oh yeah, Evo Binary also has those ridiculous returns on investment that they need to pay off to their affiliates as well.

Furthermore, these ROIs that Evo Binary is offering simply don’t make any sense at all.

After investing 20,000 EUR, affiliates are told that they’ll be able to make 5400 EUR back in just a month’s time. That may sound amazing, but it’s nothing more than fairy dust.

Technically, if Evo Binary has the available funds, this is a possible prospect. But again, since there’s no product line and little money being invested into the forex, the money you’d be getting would be coming from funds that had been previously invested from other affiliates in the company.

That right there is a good old-fashioned recipe for a Ponzi scheme.

And as if that wasn’t’ enough, both the matrix and binary recruitment systems that Evo Binary is utilizing enforces the nature of a pyramid scheme as well. Although these are dirty business practices, Evo Binary needs to do anything they can to encourage affiliates to get new members to join. Since the company is primarily operating as a Ponzi scheme, the future of Evo Binary is entirely reliant on investments from new affiliates.

Once people stop signing up and investing money into the company, Evo Binary will be unable to pay the ROIs and commission that they are promising to their affiliates. When this occurs, the company will be facing a rather immediate collapse, and most people who have money invested into the company will end up losing their hard-earned cash.

I hope that you are able to use my research in my Evo Binary Review to make a decision.

If you do decide to become an affiliate with Evo Binary, make sure you take the time to learn how to market yourself.

My FREE training can help you.

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