YunikonFX fails to offer possession or government data on its web site.
YunikonFX’s web site area (“yunikonfx.com”), was first registered in August 2020. The registration was final up to date on January twenty ninth, 2023.
Kitamashi Nukumura is listed because the proprietor of the area, by an handle related to fraud in St. Vincent and the Grenadines.
The identical handle with out a suite quantity seems on YunikonFX’s web site. The corporate additionally presents shell incorporation particulars for “Yunikon Monetary Restricted.
I’m assuming this corresponds to a St. Vincent and the Grenadines shell firm. It is a pink flag as St. Vincent and the Grenadines is a tax haven with no energetic regulation of MLM associated fraud.
“Kitamashi Nukumura” in the meantime doesn’t exist exterior of YunikonFX’s area registration. It’s in all probability not an precise particular person.
SimilarWeb ranks high sources of visitors to YunikonFX’s web site as Malaysia (82%) and the US (18%).
Whereas not conclusive, this strongly suggests whoever is operating YunikonFX relies out of Malaysia.
Supporting that is YunikonFX solely providing banking transfers in Malaysia, Vietnam, Indonesia and Thailand. In all places else has to make use of cryptocurrency.
Lastly, we’ve got the Securities Fee of Malaysia including YunikonFX to their securities fraud listing in June 2022.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
YunikonFX’s Merchandise
YunikonFX has no retailable services or products.
Associates are solely in a position to market YunikonFX affiliate membership itself.
YunikonFX’s Compensation Plan
YunikonFX associates make investments $100 to $10,000 on the promise of an 8% to twenty% month-to-month ROI.
Returns are purportedly tried to simulated 10 cent buying and selling tons, which YunikonFX pays commissions on.
The MLM aspect of YunikonFX is tied to returns paid to immediately and not directly recruited associates.
YunikonFX Affiliate Ranks
There are 4 affiliate ranks inside YunikonFX’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Samurai Dealer – join as a YunikonFX affiliate
- Daimyo Dealer – recruit associates who collectively have invested not less than $5000
- Shogun Dealer – have three Daimyo Merchants in your downline (one in three seperate unilevel group legs)
- Emperor Dealer – have 4 Shogun Merchants in your downline (one in 4 separate unilevel group legs)
Buying and selling Commissions
YunikonFX pays a buying and selling fee on simulated buying and selling tons, generated when recruited associates make investments.
Buying and selling commissions are paid through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned immediately beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
- Samurai Merchants earn 300% on degree 1
- Daimyo Merchants earn 300% on degree 1, 200% on degree 2, 100% on degree 3 and 50% on ranges 4 to six
- Shogun Merchants and Emperor Merchants earn 300% on degree 1, 200% on degree 2, 100percento n degree 3 and 50% on ranges 4 to fifteen
YunikonFX’s compensation materials suggests associates can anticipate a ten cent lot measurement on a $1000 funding (0.01%), calculated twice a day.
This might imply 300% on degree 1 pays about 60 cents a day on a $1000 funding (10 cents * 2, multiplied by 300% involves 60 cents).
Guide Buying and selling Commissions
YunikonFX permits associates to provoke guide trades on their platform if they need.
These trades generate a flat six-level deep fee based mostly on lot quantities manually traded:
- degree 1 – 200% of traded tons
- degree 2 – 100% of traded tons
- degree 3 – 70% of traded tons
- ranges 4 and 5 – 50% of traded tons
- degree 6 – 10% of traded tons
Observe that for guide buying and selling, for a fee to be triggered the buying and selling place must be open for not less than 5 minutes.
Becoming a member of YunikonFX
YunikonFX affiliate membership is free.
Full participation within the connected revenue alternative requires a $100 funding.
YunikonFX solicits funding through financial institution switch in south-east Asia and cryptocurrency all over the place else.
YunikonFX Conclusion
Yunikon’s advertising and marketing ruse falls aside upon inspection.
For starters, as finest I can inform through the WayBack Machine, Yunikon’s present web site solely went stay someday in early 2022.
YunikonFX would have you ever imagine that they registered their web site area in August 2020, and by the top of the yr they had been doing over $3 billion a month in buying and selling.
This brings us to YunikonFX’s 8% to twenty% a month, which conviently isn’t disclosed on their web site.
8% to twenty% of three billion involves $240 million to $600 million – two years in the past.
Compounded, the charges on that buying and selling quantity could be astronomical. But right here is YukonFX, providing entry to their funding platform totally free, and producing beneath 7000 visits to their web site in December 2022 (SimilarWeb).
Riiiiiiiiigh…..t.
Because it stands the one verifiable income getting into YunikonFX is new funding.
Utilizing new funding to pay affiliate buyers an 8% to twenty% month-to-month return makes YunikonFX a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve YunikonFX of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.