UFX Trading Review: 200-250% bogus forex ROIs
There is no information on the UFX Trading website indicating who owns or runs the business.
The UFX Trading website domain (“ufxtrading.com”) was registered on the 30th of July 2015, however the domain registration is set to private.
Alexa currently estimate that 97.5% of all traffic to the UFX Trading domain originates out of India, strongly suggesting this is where the company is being run from.
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.
The UFX Trading Product Line
UFX Trading has no retailable products or services, with affiliates only able to market UFX Trading affiliate membership itself.
The UFX Trading Compensation Plan
UFX Trading offer 2.5% ROIs on investments made with the company (minimum $100).
How much of a ROI is paid out is determined by how much an investor invests:
- $100-$1000 = 2% daily for 100 days (200%)
- $1001-$10,000 = 2.25% daily for 100 days (225%)
- $10,001 or more = 2.5% daily for 100 days (250%)
Referral commissions are paid on investments made by recruited affiliates, paid out down ten levels of recruitment using 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 any of these affiliates on level 1 recruit new affiliates, they are then 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.
Payable unilevel levels in UFX Trading are capped at ten, with how much of a referral commission paid out determined by what level of the unilevel team the investing affiliate is placed on:
- level 1 (personally recruited affiliates) – 15%
- levels 2 and 3 – 1%
- levels 4 to 10 – 0.05%
Joining UFX Trading
Affiliate membership with UFX Trading is free, however affiliates must invest in order to participate in the income opportunity.
As such the defacto minimum cost of UFX Trading affiliate membership is $100 (the minimum investment amount).
Typically with forex investment those investing will know who’s running the opportunity, where they are investing and who is doing the investing.
If those three data points are not disclosed, then you’re probably dealing with a scam.
Ufx Trading Inc is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients.
Such is the case with UFX Trading, who fail on all three points.
Furthermore the excerpt above is from a marketing spiel on the UFX Trading website. Further research reveals it to be stolen verbatim from HotForex, an African licensed forex and commodities broker.
The reason for the complete lack of disclosure from UFX Trading?
All they’re doing is shuffling newly invested funds around to pay off existing investors.
The 100 day maturity period is enough for them to pay out monopoly money in the interim, with the admins doing a runner on or around the first maturity period (for obvious reasons these scams don’t work if the admin has to actually pay out more than is invested).
This mechanic qualified UFX Trading as a Ponzi scheme, with the scheme collapsing once new investment slows down.
If you’re truly interested in forex investment, look elsewhere.