Welcome to my HelixxMine review.
One of the questions that we need to take a look at and learn before we jump into any program that we can make money with is to learn if it is a scam or not.
We wouldn’t want to spend a ton of time and money on a program just to learn later on that it is a scam and gets shut down due to non-compliance reasons.
First of all, hopefully, HelixxMine is a legitimate program that satisfies all the aspects of what the FTC needs to see in an opportunity so we don’t waste our time and money.
We are going to take a close look at the information on the company, the products, and the compensation plan to see if they have everything in place for a long-term program that you can make money with online.
We are going to offer an unbiased review and keep our opinions and thoughts until the end of this article.
With that said, let’s dive down and get started.
HelixxMine Review – What Is It?
In this section of the review, we are going to discuss what HelixxMine is and what niche the company is in.
Also, we are going to cover the details about the company information and try to learn about the owner and any experience they have.
When searching around the company pages, we were unable to find who owns or runs HelixxMine.
Although we find this a small red flag, not having owner information is not a factor for the FTC guidelines for running a legitimate MLM company.
When doing some research on the domain name we found:
- The domain name “helixxmine.com” was registered on 3-7-2018.
- The address field and owner information have an address in London, UK.
- The company listed to the address is listed as Helic Global CO LTD.
The thing that we have to realize is that anyone can create an incorporated company in the UK due to how easy it is to do there.
What Is HelixxMine?
HelixxMine is an MLM company that is a cryptocurrency investing and cloud mining service that will manage it all for you.
The niche that this company is in would be cryptocurrency mining and trading.
Basically, if you get started with HelixxMine, you are buying shares of the processors for the mining aspect of it and offer Helixx coin.
The claim is that the equipment it takes for mining crypto costs a lot of money but when you buy through them it costs pennies on the dollar compared elsewhere.
That is all we have on the company information, let’s move on to the next section.
Another great review: BCC Mining Network Review – Scam or Legit? Compensation Plan Breakdown
The HelixxMine Products Review
In this section of the review, we are going to take a look at the products that HelixxMine offers.
When operating any MLM company you need retail products or services to comply with the FTC.
However, HelixxMine does not offer any retail products for sale for people that just want to buy the service that HelixxMine offers.
The company offers a crypto mining service that uses cloud hosting but the only way to gain access is to become an affiliate member and make an investment.
Either way, we will discuss what this means later on in this review.
Let’s move on to the next section.
Another great review: My Matching Ads Review – Scam or Legit? Compensation Plan Breakdown
HelixxMine Compensation Plan
In this section of the review, we are going to cover the HelixxMine compensation plan and how you make money with it.
Helixx mine offers the ability to earn through the payment plan that they offer with:
- ROI Commissions
- Referral Commissions
When you first get started with the HelixxMine opportunity to make money with it you first have to invest to join the compensation program.
HelixxMine ROI Commissions
So here is the deal…
You have to invest to participate in the ROI commissions that the company promises affiliate members a return without doing anything else.
By investing your money, the company claims that you are buying shares of the mining equipment that is running the equipment that is mining the cryptocurrency.
They say that they are getting a return from the mining, where they can promise you a return on your money.
So, there are a few ways to get started, which will all take an investment.
Here are some examples of the return you will earn using the calculator on the home page they offer:
- When you invest, $90 gets you a $22.22 monthly ROI
- When you invest, $900 gets you a $222.16 monthly ROI
- When you invest $5,050 gets you a $1246.59 monthly ROI
- When you invest $10,000 gets you a $2468.49 monthly ROI
That is roughly about 24% to 25% per month in the ROI that the company promises.
This is part of the compensation plan that you can earn additional money on top of the ROI commissions by referring people to the opportunity through your affiliate links.
The residual commissions that HelixxMine offers are paid out to you using the MLM unilevel compensation plan structure.
For those that are unfamiliar with how the unilevel pay structure works, here is a quick breakdown:
- 1st Level – This level of your unilevel compensation plan will only have you personally sponsored members on it.
- 2nd Level – The second level of your compensation plan will only have your team members that your level 1 members personally sponsored on it.
- 3rd Level – The third level of your compensation plan will only have your team members that your level 2 members personally sponsored on it.
- and so on…
That is a basic breakdown of the unilevel structure, I hope that makes more sense for those that were unfamiliar with how it works.
The HelixxMine unilevel structure is capped out at 5 levels deep of commissions that you can earn from.
The payout is based on your personally referred and team member’s investments that are made.
Here is a breakdown of what you can earn from the residual unilevel compensation plan:
The Unilevel Compensation Plan Commissions Breakdown
- Level 1 – You will earn 10% of the investments made from your personally referred members that are on this leg.
- Level 2 – You will earn 4% of the investments made for every team member that lands on this leg of your unilevel pay plan.
- Level 3 – You will earn 2% of the investments made for every team member that lands on this leg of your unilevel pay plan.
- Levels 4 and 5 – You will earn 1% of the investments made for every team member that lands on these 2 legs of your unilevel pay plan.
When or qualify for the rank of Platinum, your 1st level percentage will be raised to 10.8% for every investment made from your personally referred members.
There were no details on the qualifiers or ranks offered on the HelixxMine website or in a PDF that we were able to find.
That is all we have for the compensation plan details and how you make money with it, let’s move on to the next section.
Another great review: NewULife Review – Scam or Legit? Compensation Plan Breakdown
The HelixxMine FAQ Section
In this part of the review, we are going to answer some of the questions that people may have when thinking about joining the HelixxMine opportunity.
Is HelixxMine Accredited With The BBB?
No, at this time, HelixxMine is not accredited with the Better Business Bureau.
This is not a determining factor for us when the BBB has a rating or reviews with a negative listing.
The BBB has been known to have manipulated rating and reviews that come from 3rd party companies that offer services to better and also worsen a score on the BBB website itself.
After we found that information out, it really diluted the effect on our rating system.
However, we still refer to the BBB for additional company information and to compare reviews, and testimonials from 3rd party sources that we look to when the BBB site offers that information.
What’s The Cost To Join HelixxMine?
The cost to join HelixxMine is actually free, but you will not get much.
To join the opportunity where you can earn an ROI including referral commissions, you will need to invest at least $20.
Is HelixxMine A Scam or Legitimate Investment Opportunity?
In our opinion, yes, HelixxMine is a scam and is not a legitimate business to get started or invest in.
Here are our reasons why:
- No retail products when they are operating an MLM company.
- No proof of sustainable income is needed to sustain the ROI that the company promises.
Another point is that the company website offers no detail of who owns it which is more of a red flag for us and not a determining factor for what the FTC has in place.
Related articles: Cryptocurrency MLM Reviews, Scams, and Compensation Plans
Our Final HelixxMine Review and Thoughts
In this final section, we are going to share our thoughts and personal opinions about the HelixxMine opportunity.
We have taken the time to look at the information and details on the company, the products, and the compensation plan.
We have discovered a few serious red flags that come to a point that we felt that the HelixxMine is not in compliance according to the FTC guidelines for a legitimate MLM company.
Up to this point, what are your thoughts?
Earning over 20% per month in ROIs is really substantial and hard to believe that trading and mining can really sustain these promises of ROI’s.
Could it be that the sustainable profits (for now), are coming from new investing memberships?
I don’t have that information because, other than the owner and anyone else that does the books, has that information.
But here is the question…
Would we recommend the HelixxMine opportunity?
No, we would not recommend the HelixxMine opportunity for a long-term business that you can earn for years to come.
There are simply too many red flags that we have found with this business model to give it a good rating.
With that said…
I hope you enjoyed my HelixxMine review.
Make sure to click on the social share buttons on this review to share it with others so people can learn exactly what the HelixxMine opportunity is really all about.