If you are the type of person who often searches for online money making platforms on social media, then I’m certain you must have seen some writeups endorsing a website known as, iceenex.com otherwise referred to as icinex — an investment based website that rewards users with up to 25% interest on a daily basis when they deposit and activate one of their plans or products.

It’s not the first of it’s kind, as we’ve seen numerous investment platforms get launched in recent times and even in the past. Investment based sites have become a part of us, owing to the increasing hardship and suffering amongst the people. The issue however, is not just with the investment sites but the fact that people tend to lose their money after sometime thus making most of these so called investment schemes, high-risk earning platforms.

Regardless, we will be having a deep look at what iceenex.com is all about, the earning methods, the pros and the cons and finally, my take on its legitimacy after much deliberations and revelation of facts. So without wasting more time, let’s dive right into the topic of the day.

About Icinex

Icinex otherwise known as iceenex.com is a website that offers users an investment opportunity. As a user, once you’ve created an account, you will be shown a couple of products to buy or activate in order to earn more money on a daily basis with the first “interest” as they call it getting credited to you within the first 7 hours.

If you are the type of person who often participates or joins schemes that pay you more money only when you’ve risked yours, then you should know what iceenex.com is about from the little explanation above.

There are a couple of ways to earn on the platform and some of these earning methods tend to be more rewarding than the others but like every other investment related schemes, with higher earnings comes higher risk level.

Earning Methods

Like I said, there are a couple of ways to earn and they will be ranked according to their order of importance or level of earnings users stand to earn from each;

1. Buying a Product :-

When you buy a product using your deposit, you earn up to 25% on a daily basis and can make your first withdrawal after some hours of purchasing one of the product. There are numerous products available on the site ranging from 5,000 to 550,000 naira plan.

If you should activate any of them, you will receive 25% interest daily till the expiry of the plan or more realistically, the crash of the platform because, most of the plans come with more than 30 days expiry date. Meaning, you keep receiving 25% interest on a daily basis for more than a month. Imagine how much you would be having at the end of the month if the site continues paying? I wouldn’t even imagine if I were you.

2. Referral Bonuses

There is a referral program in place on the platform and to be honest, it’s not really surprising. Sites like, iceenex.com need all the publicity they can get to grow and if they are not promoted well enough, they may not be able to pay for even a day or two. That explains why, users who refer others to Icinex get as much as 25% of whatever amount spent by the referral and also 3% & 2% respectively from their second and third level referrals.

Therefore, you don’t just earn from your first level referrals but from your second and third level, the users referred by your own referrals also pay you indirectly. Thus building a team will set you up for long term earnings if the site remains for long.

3. Sign-in

You also earn money on a daily basis after you’ve bought a product by signing in. This is like a side earning method on the platform and even though it counts for so little, having such addition no matter how small can go a long way in building up a user’s overall balance.

4. Coupon Code :-

The administrators drop coupon codes on their official telegram channel from time to time for users to redeem and earn some extra money. You can redeem a coupon by clicking on the coupon code showing on the homepage after you’ve logged in, paste the code as fast as possible and redeem. If the code is still valid at the time of redemption, the amount will be added to your balance.

Withdrawal Process

The withdrawal process is quite easy and straightforward. Once you have earned up 1,000 naira, click on the withdraw option showing your dashboard, enter your bank account details, enter amount and submit.

The moment you submit a withdrawal request, you will be charged 15% for processing the transaction, so don’t expect to receive 100% of any amount withdrawn. It’s typically of investment schemes but I often struggle to understand why they charge so high.

Is iceenex.com Legit Or Scam?

Iceenex.com is a scam website. It may be paying at the time of writing this article but that doesn’t make it legit. Unlike, WhatsApp earning sites that use the linked accounts to chat up random people for the sake of defrauding them, Icinex directly aims to defraud the user through the deposit option.

When you deposit money and start hoping to earn 25% daily, most times they only pay for a few times and when they no longer get as much new users as they want, they simply close the site and cart away with the deposits made by existing users.

That’s what makes most of these investment schemes very dangerous. The administrators have control of everything and can decide to close it at anytime without having to answer to anyone. Worse still, there is no identity or individual to hold accountable should things not go as planned.

All these makes the so called investment sites very dangerous and unsuitable for anyone who cares about his or her finances. Another thing is, they are just called investment sites but in reality, they are ponzi schemes aimed at scamming or defrauding users at the end. As a potential user, they lure you in with interesting payout structure and referral incentive all in the bid to make you deposit money and when you do, they now have control of the whole system and your money.

Therefore, steer clear, stay away and distance yourself from iceenex.com and similar sites or platforms that may launch in the future for your own good.

Pros

Is there anything positive about Icinex, well for me, I would say yes, there might be a few things that if utilized adequately could significantly reduce a user’s risk;

• Registration bonus
• Low minimum withdrawal
• Active customer support

Cons

On the other hand, the main negative thing about the platform is the fact that it’s bound to crash as time goes on; no one would like to insert a finger into a burning fire;

• Ponzi scheme bound to crash
• High minimum deposit amount
• High withdrawal processing fee ~ 15%
• No identity — meaning it can crash at anytime with no one to hold accountable.

Conclusion

“Iceenex.com, Icinex” or whatever it’s called is a ponzi scheme and by all definition, a scam you should be wary of. It’s best not to even join but if you can’t help it, stick to participating with money you can easily afford to let go of because nothing is assured nor guaranteed while dealing with ponzi schemes like this.

Thanks.