OneX Finance fails to provide ownership or executive information on its website.

OneX Finance’s website domain (“onexfi.com”), was privately registered on May 3rd, 2023.

In an attempt to appear legitimate, OneX Finance provides a link to the incorporation status of OneX Fi LTD.

OneX Fi LTD was incorporated in the UK on May 1st, 2023.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

OneX Finance’s Products

OneX Finance has no retailable products or services.

Affiliates are only able to market OneX Finance affiliate membership itself.

OneX Finance’s Compensation Plan

OneX Finance affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:

  • invest $100 or more and receive 25 cents a day for 60 days
  • invest $100 or more and receive 30 cents a day for 120 days
  • invest $100 or more and receive 35 cents a day for 180 days
  • invest $100 or more and receive 40 cents a day for 240 days
  • invest $100 or more and receive 45 cents a day for 299 days
  • invest $100 or more and receive 52 cents a day for 360 days

OneX Finance pays referral commissions on invested cryptocurrency down two levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 2%
  • level 2 – 1%

Joining OneX Finance

OneX Finance affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $100 investment.

OneX Finance solicits investment in various cryptocurrencies.

OneX Finance Conclusion

OneX Finance represents it generates external revenue via cryptocurrency trading.

OneX Finance’s profit comes from buying and selling digital assets. Average annual net profit is over 350%.

This immediately raises two questions:

  1. How is an MLM company barely a week old advertising an annual ROI rate?
  2. If OneX Finance can already generate 350% annually, what do they need your money for?

OneX Finance fails to provide verifiable evidence it is engaged in trading or any other source of external revenue generation.

This leaves new investment as OneX Finance’s only incoming source of revenue. Using new investment to pay off existing investors makes OneX Finance a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve OneX Finance of ROI revenue, eventually prompting a collapse.

The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of participants lose money.