X-Binary Review – Legit Company or Another Scam? Find Out…
Welcome to my X-Binary Review!
There has been some buzz going around about this company lately, so it’s time for another review!
Making the decision to invest your money with a new company is decision that shouldn’t be taken lightly.
You should always research the company and learn everything you can about it before jumping in.
This review will provide you with the information you need about the company, the products and the compensation plan.
So let’s dig in!
X-Binary Review – The Company
X Binary does not provide any information on their website in regards to who owns or operates the company.
Registered privately on the 20th of September, 2016, the X-Binary website domain is currently “x-binary.com”.
A quick perusal of the X-Binary website revealed a UK incorporation number for “X-Binary LTD” .
According to the records of UK Companies House, X-Binary LTD was incorporated on the 21st of September, 2016.
A residential address in the Surbiton area of London, UK was provided for the X-Binary incorporation documents.
The sole Director of X-Binary is listed as Ellis Dunn, who also has a residential address in Surbiton.
Other than the incorporation documents, there is no information available on Ellis Dunn.
Online traffic estimates show that 52% of traffic to the X-Binary website comes from Japan, with Italy coming in second at 10%.
This likely means that whoever is running X-Binary is probably based out of Japan.
X-Binary Reviews – The Products
X-Binary does not offer any retail products or services to retail customers or affiliate.
Affiliates who join X-Binary can only market the affiliate membership.
The X-Binary Compensation Plan
Affiliates looking to take part in the compensation plan must invest at least $10 for a daily 3% ROI.
The amount of time that the daily ROI is paid out for depends on how much the X-Binary affiliate invests:
- XB-Trial – Invest $10 or more and receive a 3% daily ROI for 60 days
- XB-Pro – Invest $100 or more and receive a 3% daily ROI for 80 days
- XB-Master – Invest $1000 or more and receive a 3% daily ROI for 100 days
Referral commissions that are earned on invested funds are paid out and tracked through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate directly below them on level 1.
When a level 1 affiliate brings in new affiliates, they are put on the second level of the original affiliate’s unilevel team.
When a level 2 affiliate brings in new affiliates, they are put on the third level of the team; and this continues down as many levels as are needed.
Payable unilevels are capped by X Binary at 10.
The amount that is earned as referral commissions depends on what unilevel level the team funds are invested on.
- Level 1 (Personally sponsored affiliates) – 10%
- Levels 2 to 5 – 1%
- Levels 6 to 10 – 0.5%
Cost To Join X-Binary
The cost to join X-Binary as an affiliate is a minimum $10 investment.
Verdict on X-Binary
So this is what I call a “pay to play”company…
If you want to make more money, you have to put more money in….
There are no real products or services that retail customers or affiliates can buy…
So the only thing moving the company forward is recruiting more affiliates who invest more money…
So, when the recruitment pool dries up…
Income decreases and affiliates look for new opportunities…
So if you are thinking about joining this company, do it at your own risk…
I hope you enjoyed my X-Binary review, and if you have any questions, please leave them in the comments below…
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