YunikonFX fails to provide ownership or executive information on its website.To get more news about yunikon fx review, you can visit wikifx.com official 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. YunikonFX pays a trading commission on simulated trading lots, generated when recruited affiliates invest.
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): 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.
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.
