Evo Binary Review – Legit Business Opportunity or Big Scam?
Welcome to my Evo Binary Review!
There has been a lot of buzz about this company lately…
Just take a look at Google Trends and you will see it soaring:
It’s pegged at 100!
Chances are you have been approached by someone about this business opportunity and now you are here to make sure it’s actually legit right?
The good news is you are doing your research instead of just jumping in…
Once you read this blog post all the way to the end and pay close attention, you will be ready to join or not…
In this blog post, I am going to walk you through the company, products and compensation plan…
Pay close attention and lets dig in shall we?
Evo Binary Review – The Company
Evo Binary specializes in the Forex MLM niche and is located in Dubai according to it’s PO BOX address.
The company is incorporated and according to their website:
Two CEOs of companies focused on technology and financial market areas decided to join their knowhow and develop a super product, able to forever change not only their lives but those of everyone who acquire this fantastic robot.
I only found out about just one of the CEO’s who is named Ramon Alcantara.
When I was digging information on his past history, nothing has showed up and has no MLM history.
That’s all I found on the company…
Let’s take a look at the products next…
Evo Binary Reviews – The Products
It looks like Evo Binary has no retail products or services, but the ability to market the actual Evo Binary affiliate membership.
It looks like you can downlown the Evo Binary app onto your phone…
That’s it for the product side…
Let’s look at the comp plan next…
Evo Binary Compensation Plan
Evo Binary affiliates can invest up to 20,000 EUR on promised monthly ROO’s:
- Partner – Invest €500 EUR and receive a monthly ROI of up to €81 EUR
- Professional – Invest €1500 EUR and receive a monthly ROI of up to €270 EUR
- Master – Invest €3000 EUR and receive a monthly ROI of up to €540 EUR
- VIP – Invest €9000 EUR and receive a monthly ROI of up to €1620 EUR
- VIP Premium – Invest €20,000 EUR and receive a monthly ROI of up to €5400 EUR
Recruitment Commission Payout
Evo Binary affiliates get paid to sponsor new affiliates:
- Recruit a Partner affiliate and receive €20 EUR
- Recruit a Professional affiliate and receive €50 EUR
- Recruit a Master affiliate and receive €100 EUR
- Recruit a VIP affiliate and receive €300 EUR
- Recruit a VIP Premium affiliate and receive €1000 EUR
Residual Income Commissions (Binary)
Residual income is paid through their binary compensation plan.
If you don’t know what a binary is, it’s when you have two legs under you, left and a right.
You can have team members in these two legs directly or indirectly by you.
Once you sponsor people in the binary, point values are generated…
The amount of points will be determined by the amount invested:
- Partner – 24 points
- Professional – 60 points
- Master – 120 points
- VIP – 360 points
- VIP Premium – 1200 points
Each point is worth about $1.
Then both legs points will be tallied up and you will get paid on the lesser leg.
The extra volume left over will be rolled over for next time.
Overall, the binary commissions are capped at €12,500 EUR a day.
Residual Income Commissions (Matrix)
You also get paid through their 4×7 matrix compensation plan structure.
Overall, the Evo Binary 4×7 matrix has 87,380 positions.
The amount of money a position pays you will be determined how much money the Evo Binary member invested:
- Recruited Partner affiliates pay €0.5 EUR a month
- Recruited Professional affiliates pay €1.5 EUR a month
- Recruited Master affiliates pay €3 EUR a month
- Recruited VIP affiliates pay €9 EUR a month
- Recruited VIP Premium affiliates pay €30 EUR a month
The amount of levels in the matrix you get paid on will also be determined by how much YOU invested:
- Partner affiliates can down four matrix levels
- Professional affiliates can earn down five matrix levels
- Master affiliates can earn down six matrix levels
- VIP affiliates can earn down seven matrix levels
- VIP Premium affiliates can earn down eight matrix levels
Binary Rewards Plan
You get paid Binary rewards when an Evo Binary affiliates generate the following points on their lesser leg:
- Generate 8000 points = iPhone 6S 128 GB
- Generate 20,000 points = 13″ Macbook Pro
- Generate 60,000 points = 27″ iMac Retina
- Generate 300,000 points = Mercedes Benz E Class
- Generate 1,000,000 points = Porsche Panamera
- Generate 2,500,000 points = “house” plus an additional 1% of investment volume across entire downline
Cost To Join Evo Binary
Affiliate membership in Evo Binary is €50 EUR and then you can invest anywhere between €500 EUR to €20,000 EUR:
- Partner – €500 EUR
- Professional – €1500 EUR
- Master – €3000 EUR
- VIP – €9000 EUR
- VIP Premium – €20,000 EUR
The main different between the membership is income potential.
Evo Binary Review – The Verdict
I looked at the Evo Binary site to see if they have any external revenue source and they claim they do with FOREX.
However, I can’t prove it and they can’t either…
The biggest issue I see is majority of the funds paid into this business are paid out in commissions.
How are they investing in FOREX?
Plus, they are promising some crazy ROI’s in this business.
According to the numbers, you can make €5400 EUR a month of a €20,000 EUR investment doesn’t make any sense.
If that’s the case, why doesn’t Ramon Alcantara get a loan and then come rich over a few years.
He is promising some crazy ROI’s lol.
The way I see it is like this…
Majority of the ROI’s are coming from newly invested funds that are paying off existing members.
Sure a small percentage of money can come from FOREX trading, but not enough to pull those kind of ROI’s.
And because of that…
This is considered a Ponzi scheme…
Paying off existing members with newly invested funds…
Unless they can prove they are some how magically getting their money from FOREX, I leave this review the way it is…
I personally at this point don’t recommend this company.
I hope you enjoyed my Evo Binary Review and if you have any questions, leave them in the comments below…
What Do I Business do I recommend?
First it has to have products and can’t be a ponzi scheme LOL.
After reviewing hundreds of companies…
It’s the only one where you will learn step by step on how to build a business online where the products and services are done for you…
And these products and services were created by 7 figure earners online…
Not only that, you get a one on one business coach in the system to help you every step of the way.
You know mentoring is one of the most important things you can do and this system had you covered.
Take a look at my 9 week results:
I am not the only one winning either, I have tons of people that are!
Just take a look at a few out of hundreds:
In other words, it works!
You will thank me later 🙂
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