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YunikonFX has been causing controversy in the digital financial community. The platform, however, is more complex than it first appears. An in-depth analysis of YunikonFX’s ownership, management, compensation structure, and other aspects will be provided in this thorough review.
Unveiling the Veil: Ownership of YunikonFX
On its website, YunikonFX omits to list ownership or executive information.
The domain name “yunikonfx.com” for YunikonFX’s website was initially acquired in August 2020. The registration was most recently updated on January 29, 2023.
Through an address linked to a scam in St. Vincent and the Grenadines, Kitamashi Nukumura is identified as the domain’s owner.
On YunikonFX’s website, the same address is displayed without a suite number. Additionally, the business provides information about Yunikon Financial Limited’s shell incorporation.
This must be a St. Vincent and the Grenadines shell corporation, I suppose. This is concerning because St. Vincent and the Grenadines is an illegal tax haven with no active legislation to combat MLM-related fraud.
In the meantime, “Kitamashi Nukumura” doesn’t exist anywhere else save YunikonFX’s domain registration. Most likely, it’s not a real person.
According to SimilarWeb, the US (18%) & Malaysia (82%) are the top two countries from which visitors come to YunikonFX’s website.
This strongly suggests that whoever is controlling the company is headquartered out of Malaysia, even though it is not proven.
This is supported by YunikonFX’s restriction to Malaysia, Vietnam, Indonesia, and Thailand for banking transfers. Cryptocurrency must be used everywhere else.
Finally, in June 2022, the Securities Commission of Malaysia will add YunikonFX to its list of companies that have engaged in securities fraud.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
YunikonFX Products and Services
There are no retailable goods or services available from Yunikon. Affiliates are only allowed to promote platform membership as a product.
Compensation Plan of YunikonFX
With the promise of a monthly ROI of 8% to 20%, YunikonFX affiliates put up $100–$10,000.
Returns are reportedly applied to hypothetical 10-cent selling lots, on which YunikonFX charges commissions.
Returns given to affiliates who were recruited directly or indirectly are what determines how YunikonFX’s MLM program is funded.
YunikonFX Affiliate Ranks
YunikonFX’s compensation structure has four affiliate ranks.
They are as follows, along with the requirements that apply to each:
- Samurai Trader: Join the company as an affiliate
- Daimyo Trader: Find partners who have collectively put at least $5000 into the business.
- Shogun Trader: Have three Daimyo Traders in your downline (one in each of three distinct unilevel team legs).
Four Shogun Traders (one in each of four different unilevel team legs) in your downline are required to be an Emperor Trader.
A trading commission is paid by the website on replicated trading lots produced by affiliate investments.
Using a unilevel compensation structure, trading commissions are paid.
In a unilevel compensation system, an affiliate is at the head of the unilevel team, and each affiliate that was personally recruited is positioned immediately beneath them (level 1):
If any grade 1 affiliate brings on new affiliates, the new affiliates are assigned to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on new members, they are promoted to level 3, and so on and so on down a theoretically unlimited number of levels.
Level 1: Samurai Traders receive a set 300% return on their investment at this level.
Level 1: Like Samurai Traders, Daimyo Traders likewise receive a 300% return on their investment.
Level 2: As Daimyo Traders reach Level 2, their earnings percentage drops to 200%.
Level 3: Daimyo Traders get a 100% return on their investment.
Levels 4 to 6: Daimyo Traders consistently get fifty percent back on their investment from level four through level six.
According to YunikonFX’s compensation information, affiliates should plan on a 10-cent lot size on a $1000 investment (0.01%), calculated twice daily.
Accordingly, investing $1000 would result in a return of 300% on level 1 paying around 60 cents each day (10 cents * 2, multiplied by 300%, equals 60 cents).
Yunikon: Manual Trading Commissions
Affiliates on YunikonFX’s platform are free to start manual transactions if they so choose.
Based on the manually traded lot amounts, these trades yield a flat six-level deep commission:
|Level||Percentage of traded lot|
|4 & 5||50%|
A free-to-join affiliate membership scheme is provided by YunikonFX. This indicates that there is no initial payment to join YunikonFX as an affiliate member.
However, users must pay $100 to take full advantage of the revenue possibility offered by YunikonFX. To access the possible earnings and advantages linked to the income opportunity provided by YunikonFX, this investment is required.
Well, what do you think about such trading firms? You should also evaluate it via my provided details.
My evaluation of YunikonFX indicates that, upon closer inspection, their marketing technique raises serious problems.
When one takes into account the date of their website, their statements start to fall apart. They claim that they acquired the web address in August 2020 and began engaging in significant dealing by the last month of that year, however according to the Wayback Machine, their present portal only went live in the beginning of 2022.
It casts questions on the viability of their business because of this mismatch. Astonishing monthly returns of between 8% and 20% are also touted, although interestingly, their website doesn’t contain any details about these returns. Calculating the potential earnings from a supposedly $3 billion monthly trade volume yields numbers between $240 million and $600 million, which is a considerable increase from two years ago.
Normally, a trading volume this large would result in high commissions. The access to YunikonFX’s investment platform appears to be free, though. Furthermore, the massive amount of trading they claim to have in December 2022 does not seem to match the website’s claimed visitor count of fewer than 7000 visits (per SimilarWeb).
Upon closer inspection, it appears that YunikonFX’s primary source of income is fresh investments. They promise affiliate investors who make these new investments monthly returns ranging from 8% to 20%. This company’s operating method closely resembles a Ponzi scam. The history of MLM (multi-level marketing) Ponzi schemes has proven that as the recruitment of new affiliates slows, so too does the inflow of new investments.
Get Justice Suspicious
In the end, YunikonFX runs a significant risk due to this trend of dependence on new investments. The platform’s capacity to produce rewards for current participants declines as the flow of fresh financiers dries up. This inevitably results in the scheme’s demise because the promised rewards cannot be maintained without a constant inflow of new money.
The majority of the participants are left with significant financial losses if a Ponzi scheme fails. Ponzi schemes are inherently unsustainable because of their structure, which makes this clear. This cautionary tale should serve as a reminder of the value of doing exhaustive due research and skepticism when considering investment opportunities, particularly those that promise improbable returns and mainly depend on the recruitment of new investors.