FX Shopping for and promoting Corp operates inside the MLM cryptocurrency space of curiosity and represents it is based totally out of South Korea.
To that end a tax certificates for “FX Shopping for and promoting Firm” is equipped on the company’s web page.
Heading up FX Shopping for and promoting Corp are co-founders Youthful Min Oh (CEO), Joon Park (CFO) and Yang Jae Seok (CMO).
No particulars about any of these folks is equipped. Presumably attributable to language-barriers, I was moreover unable to hunt out one thing extra myself.
What little I did uncover was tied to FXTrading Corp itself. This is usually a crimson flag as a result of it suggests the co-founders have no digital footprint exterior of the not too way back launched agency.
Be taught on for a full consider of the FXTrading Corp MLM various.
FXTrading Corp Merchandise
FXTrading Corp has no retailable companies or merchandise, with associates solely able to market FXTrading Corp affiliate membership itself.
The FXTrading Corp Compensation Plan
FXTrading Corp associates make investments funds on the promise of an marketed ROI of as a lot as 500%.
- Bot300 – $300
- Bot500 – $500
- Bot1000 – $1000
- Bot3000 – $3000
- Bot5000 – $5000
- Bot10000 – $10,000
- Bot20000 – $20,000
- Bot30000 – $30,000
- Bot40000 – $40,000
- Bot50000 – $50,000
The marketed ROI worth is as a lot as 2.5% a day for 200 days, regardless of how rather a lot is invested.
Referral Payment
FXTrading Corp pays a 6% referral charge on funds invested by personally recruited associates.
Residual Commissions
FXTrading Corp pays residual commissions by the use of a binary compensation development.
A binary compensation development areas an affiliate on the excessive of a binary workforce, break up into two sides (left and correct):
The first diploma of the binary workforce houses two positions. The second diploma of the binary workforce is generated by splitting these first two positions into one different two positions each (4 positions).
Subsequent ranges of the binary workforce are generated as required, with each new diploma housing twice as many positions as a result of the sooner diploma.
Positions inside the binary workforce are stuffed by the use of direct and indirect recruitment of associates. Discover there’s no limit to how deep a binary workforce can develop.
On the end of every single day FXTrading Corp tallies up new funding on both facet of the binary workforce.
Associates are paid a ten% residual charge on funds generated on their weaker binary workforce facet.
Leftover amount on the stronger facet is carried over the following day.
Discover that FXTrading Corp associates are capped in every single day residual charge earnings based totally on the easiest tier they’ve make investments at.
I.e. Bot1000 associates can earn as a lot as $1000 a day in residual commissions. Bot20000 associates can earn as a lot as $20,000 a day and lots of others.
Matching Bonus
FXTrading Corp pays a Matching Bonus by the use of a unilevel compensation development.
A unilevel compensation development areas an affiliate on the excessive of a unilevel workforce, with every personally recruited affiliate positioned immediately beneath them (diploma 1):
If any diploma 1 associates recruit new associates, they’re positioned on diploma 2 of the distinctive affiliate’s unilevel workforce.
If any diploma 2 associates recruit new associates, they’re positioned on diploma 3 and so forth and so forth down a theoretical infinite number of ranges.
FXTrading Corp caps the Matching Bonus at ten payable unilevel workforce ranges.
The Matching Bonus is paid out on residual commissions earned by associates all through these ten ranges.
What variety of ranges an FX Shopping for and promoting affiliate earns the Matching Bonus on is set by rank:
- Star 1 – generate an amassed $1000 in weaker binary facet funding amount and procure the Matching Bonus on one diploma
- Star 2 – generate an amassed $4000 in weaker binary facet funding amount and procure the Matching Bonus on two ranges
- Star 3 – generate an amassed $20,000 in weaker binary facet funding amount and procure the Matching Bonus on three ranges
- Star 4 – generate an amassed $50,000 in weaker binary facet funding amount and procure the Matching Bonus on 4 ranges
- Star 5 – generate an amassed $200,000 in weaker binary facet funding amount and procure the Matching Bonus on 5 ranges
- Star 6 – generate an amassed $500,000 in weaker binary facet funding amount and procure the Matching Bonus on six ranges
- Star 7 – generate an amassed $1,500,000 in weaker binary facet funding amount and procure the Matching Bonus on seven ranges
- Star 8 – generate an amassed $3,000,000 in weaker binary facet funding amount and procure the Matching Bonus on eight ranges
- Star 9 – generate an amassed $5,000,000 in weaker binary facet funding amount and procure the Matching Bonus on 9 ranges
- Star 10 – generate an amassed $10,000,000 in weaker binary facet funding amount and procure the Matching Bonus on ten ranges
Rank Achievement Bonuses
Starting from the Star 6 rank (see “Matching Bonus” for qualification requirements), FXTrading Corp acquire the following Rank Achievement Bonuses:
- qualify at Star 6, should personally recruited Star 1 or higher ranked associates and procure a Rolex Submariner watch
- qualify at Star 7, have two personally recruited Star 2 or higher ranked associates and procure a world journey for two
- qualify at Star 8, have two personally recruited Star 3 or higher ranked associates and procure a Toyota Camry
- qualify at Star 9, have two personally recruited Star 4 or higher ranked associates and procure a Mercedes-Benz Class E
- qualify at Star 10, have two personally recruited Star 5 or higher ranked associates and procure each a Ferrari or Lamborghini luxurious automotive
Turning into a member of FXTrading Corp
FXTrading Corp affiliate membership is free.
Full participation inside the connected income various nonetheless requires a minimal $300 funding.
Conclusion
If I didn’t know any greater, I’d say FXTrading Corp is genuinely being run by Brazilians.
Supporting that’s the fact that:
1. FX Shopping for and promoting Corp held it’s “opening” event in Sao Paulo not too way back.
2. 40% of FX Shopping for and promoting Corp web page website guests originates out of Brazil.
3. ROI funds are made at midnight “South American time” (specific time-zone not specified nevertheless I’d be ready to guess it syncs with Brazil).
4. Parts contained in the FXTrading Corp web page are outlined in Portuguese (Brazil’s official language).
For what it’s worth Youthful Min Oh, Joon Park and Yang Jae Seok seem like represented by exact people.
Previous exhibiting in rented office pictures and images from the Sao Paulo opening on the FX Shopping for and promoting web page nonetheless, they don’t appear to have one thing extra to do with the company.
Is there a South Korean Fivver equal you’ll hire actors by the use of?
With respect to the FX Shopping for and promoting Firm tax doc, to the extent FX Shopping for and promoting Corp is included in South Korea, you’ll probably uncover it’s a shell agency tied to a digital deal with.
Or not, because of lastly the South Korean tax doc is meaningless.
From what I can see FXTrading Corp is not promoted in South Korea, nor does it have any exact enterprise operations there.
FXTrading Corp clearly provide a passive funding various, which is legally known as a securities offering.
This requires FXTrading Corp to be registered itself with securities regulators in every jurisdiction it operates and/or is promoted in.
There is not a indication on the FXTrading Corp web page that it has registered itself with each South Korea’s Financial Suppliers Payment or the Brazilian SEC.
Failure to register itself means FXTrading Corp is working illegally in every worldwide areas, along with another nation the prospect is promoted in.
The reason dodgy companies like FXTrading Corp resolve to operate illegally is because of registration with securities regulators requires documented proof of exterior ROI earnings.
Or in numerous phrases, proof the company is doing what it says it is.
FXTrading Corp declare to generate exterior ROI earnings by the use of a “groundbreaking platform” that
makes use of an computerized arbitrage system that yields earnings for patrons based totally on real-time actions inside the cryptocurrency market.
Naturally FXTrading Corp fails to provide proof of this technique current, or the utilization of another provide of exterior ROI earnings to pay associates.
The one verifiable earnings stepping into FXTrading Corp is new funding. Utilizing which to pay current associates a every single day ROI makes FXTrading Corp a Ponzi scheme.
Not withstanding that if FXTrading Corp’s exact owners had been able to legitimately generate fixed returns of as a lot as 2.5% a day, they wouldn’t supply it to randoms over the net for as little as $300 a pop.
On excessive of all of that FXTrading Corp has no retail offering and referral commissions paid out on new funding. This offers an additional pyramid layer to the scheme.
Every fraudulent enterprise fashions are hinged on mounted recruitment of current affiliate merchants, with out which FXTrading Corp will collapse.
Ponzi math ensures that when FXTrading Corp inevitably collapses, the overwhelming majority of merchants will lose money.
Change twenty fourth August 2022 – Philip Han is beneath authorized investigation in Brazil.
Sao Paulo Police are investigating Han’s and his partner’s involvement in FX Shopping for and promoting Corp and 5 completely different Ponzi schemes.