YunikonFX Review: 8% to 20% monthly ROI forex Ponzi
YunikonFX fails to provide ownership or executive information on its website.
YunikonFX’s website domain (“yunikonfx.com”), was first registered in August 2020. The registration was last updated on January 29th, 2023.
Kitamashi Nukumura is listed as the owner of the domain, through an address associated with fraud in St. Vincent and the Grenadines.
The same address without a suite number appears on YunikonFX’s website. The company also presents shell incorporation details for “Yunikon Financial Limited.
I’m assuming this corresponds to a St. Vincent and the Grenadines shell company. This is a red flag as St. Vincent and the Grenadines is a tax haven with no active regulation of MLM related fraud.
“Kitamashi Nukumura” meanwhile doesn’t exist outside of YunikonFX’s domain registration. It’s probably not an actual person.
SimilarWeb ranks top sources of traffic to YunikonFX’s website as Malaysia (82%) and the US (18%).
While not conclusive, this strongly suggests whoever is running YunikonFX is based out of Malaysia.
Supporting this is YunikonFX only offering banking transfers in Malaysia, Vietnam, Indonesia and Thailand. Everywhere else has to use cryptocurrency.
Lastly, we have the Securities Commission of Malaysia adding YunikonFX to their securities fraud list in June 2022.
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.
YunikonFX has no retailable products or services.
Affiliates are only able to market YunikonFX affiliate membership itself.
YunikonFX’s Compensation Plan
YunikonFX affiliates invest $100 to $10,000 on the promise of an 8% to 20% monthly ROI.
Returns are purportedly tried to simulated 10 cent trading lots, which YunikonFX pays commissions on.
The MLM side of YunikonFX is tied to returns paid to directly and indirectly recruited affiliates.
YunikonFX Affiliate Ranks
There are four affiliate ranks within YunikonFX’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Samurai Trader – sign up as a YunikonFX affiliate
- Daimyo Trader – recruit affiliates who together have invested at least $5000
- Shogun Trader – have three Daimyo Traders in your downline (one in three seperate unilevel team legs)
- Emperor Trader – have four Shogun Traders in your downline (one in four separate unilevel team legs)
YunikonFX pays a trading commission on simulated trading lots, generated when recruited affiliates invest.
Trading commissions are paid 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 any level 1 affiliates recruit new affiliates, 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.
- Samurai Traders earn 300% on level 1
- Daimyo Traders earn 300% on level 1, 200% on level 2, 100% on level 3 and 50% on levels 4 to 6
- Shogun Traders and Emperor Traders earn 300% on level 1, 200% on level 2, 100%o n level 3 and 50% on levels 4 to 15
YunikonFX’s compensation material suggests affiliates can expect a 10 cent lot size on a $1000 investment (0.01%), calculated twice a day.
This would mean 300% on level 1 pays about 60 cents a day on a $1000 investment (10 cents * 2, multiplied by 300% comes to 60 cents).
Manual Trading Commissions
YunikonFX allows affiliates to initiate manual trades on their platform if they wish.
These trades generate a flat six-level deep commission based on lot amounts manually traded:
- level 1 – 200% of traded lots
- level 2 – 100% of traded lots
- level 3 – 70% of traded lots
- levels 4 and 5 – 50% of traded lots
- level 6 – 10% of traded lots
Note that for manual trading, for a commission to be triggered the trading position has to be open for at least five minutes.
YunikonFX affiliate membership is free.
Full participation in the attached income opportunity requires a $100 investment.
YunikonFX solicits investment via bank transfer in south-east Asia and cryptocurrency everywhere else.
Yunikon’s marketing ruse falls apart upon inspection.
For starters, as best I can tell via the WayBack Machine, Yunikon’s current website only went live sometime in early 2022.
YunikonFX would have you believe that they registered their website domain in August 2020, and by the end of the year they were doing over $3 billion a month in trading.
This brings us to YunikonFX’s 8% to 20% a month, which conviently isn’t disclosed on their website.
8% to 20% of 3 billion comes to $240 million to $600 million – two years ago.
Compounded, the fees on that trading volume would be astronomical. Yet here is YukonFX, offering access to their investment platform for free, and generating under 7000 visits to their website in December 2022 (SimilarWeb).
As it stands the only verifiable source of revenue entering YunikonFX is new investment.
Using new investment to pay affiliate investors an 8% to 20% monthly return makes YunikonFX a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve YunikonFX of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
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