FX United @ BehindMLM

Three FX United Datuk scammers arrested in Malaysia

A few years ago forex MLM Ponzi schemes were all the rage in Malaysia. One of the top companies to dominate the space was FX United. As is custom among Malaysian scams, FX United’s owners went to great lengths to project the company wasn’t Malaysian. This saw the incorporation of United Global Holdings Limited in [Continue reading…]

FX United deregistered as Financial Service Provider in NZ

Providing further evidence that FX United are not engaged in legitimate investment activity, news today that the New Zealand Companies Office has deregistered the company as a Financial Services Provider.

FX United warning issued by Central Bank of Malaysia

Following a warning issued by New Zealand’s Financial Markets Authority earlier this month, now the Central Bank of Malaysia has also issued a warning against FX United.

FX United to be deregistered by NZ Companies Office

In an attempt to offer pseudo-legitimacy to their scheme, FX United registered themselves as a corporation in New Zealand. The idea was that nobody would ask questions and FX United’s anonymous admins could run the scheme from an undisclosed location. Things started to fall apart earlier this month, after the Financial Markets Authority (FMA) issued [Continue reading…]

FX United warning issued by New Zealand’s FMA

BehindMLM reviewed FX United back in February. With a passive 150% ROI offered on $300 to $10,000 investments, FX United raised some serious compliance issues. The sum total of (FX United) is an opportunity that comes off as pretty suss. You don’t really know who’s running it, from where, or what they’re doing with your [Continue reading…]

FX United Review: $300 to $10,000 CGAT forex

There is no information on the FX United website indicating who owns or runs the business. A New Zealand “certificate of incorporation” for the entity “United Global Holdings Limited” is provided on the FX United website, however the relationship between the two companies is unclear. The incorporation certificate shows that United Global Holdings Limited was [Continue reading…]