fx-united-logoThere 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 incorporated on the 23rd of May, 2014.

The New Zealand address provided on the certificate is also used by numerous other businesses, suggesting it’s little more than a rented mailing address. As such, FX United would appear to exist in New Zealand in name only.

Two Directors are listed on the certificate, Rujina Begum and Priscila Lamoste Lustre.

A UK address is provided for Begum, which once again is used by a number of businesses. A residential address in Queensland, Australia is provided for Lustre.

Rujina Begum is also a listed Director for something called United Gateway Asia Limited, a former New Zealand corporation struck off in December last year.

rujina-begum-admin-fx-unitedOf the two listed Directors, Begum (right) is likely running FX United. Her name appears as the listed owner of the FX United website domain, which was first registered on October 15th, 2006.

The domain registration was last updated on August 12th, 2014, which is likely when Begum obtained it.

On her LinkedIn profile, Begum refers to herself as a “compliance officer” for Rational FX.

Rational FX is a foreign exchange business operating out of London.

Read on for a full review of the FX United MLM business opportunity.

The FX United Product Line

FX United has no retailable products or services, with affiliates only able to market FX United affiliate membership itself.

The FX United Compensation Plan

The FX United compensation plan sees affiliates deposit $300 to $10,000 on the expectation of a ROI.

Purportedly this ROI is generated through foreign exchange, specifically “capital gain auto trading” (CGAT).

CGAT investments are made via a twelve month contract, with affiliates paid a 30% deposit bonus.

Affiliates can withdraw funds before twelve months for a fee (3%), but only if the balance in their account is 150% of what they initially invested.

FX United also charge a 1% month fee on every affiliate’s fund balance.

Referral commissions are paid out on ROIs paid out to recruited affiliates, via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):


If a level 1 affiliates goes on to recruit new affiliates of their own, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

FX United cap payable unilevel levels at five, with commissions paid out as a percentage of the ROI affiliates on these levels receive:

  • level 1 (personally recruited affiliates) – 12%
  • level 2 – 4.5%
  • level 3 – 2%
  • levels 4 – 1%
  • level 5 – 0.3%

Joining FX United

Affiliate membership with FX United is free, however affiliates must invest at least $300 in order to participate in the income opportunity.


Whenever I come across a forex MLM opportunity, they’re always particularly vague about who’s running the show.

You get a generic looking website, generic sounding company name and a whole lot of confusion.

FX United is no different, and I can’t think of any legitimate reason for it to be registered in New Zealand, when it’s quite clearly being run out of the UK. Ditto why somebody in Queensland, Australia, is listed as a Director.

To me that just screams something dodgy is going on, either on the trading side of things or potentially money laundering. A lot of that could probably be ascertained by disclosure of where FX United keep deposited funds, but that’s not disclosed on their website.

What you’re left with is a questionable scheme that’s asking for thousands of dollars, on the promise of ROIs you don’t really know the origin of.

The deposit bonus sticks out as pretty suss, with FX United seemingly creating money out of nothing.

The way I see it, if they are able to offer a 30% deposit bonus on funds invested, why don’t they just take a small loan out, do whatever it is they’re doing and turn it into millions?

Why bog it down with a 30% liability on every dollar invested and five-level deep referral commissions that almost double the forex ROI liability?

Makes no sense to me.

The sum total of all of this 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 invested funds.

That’s not smart business, making FX United an opportunity you should probably stay clear of.