FX United Review – Is This A Good Opportunity Or Big Scam?
FX United has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling FX United.
I have simply gathered for you all the facts in this FX United Review in order for you to make a proper decision about it.
So, is it true? Is FX United a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is FX United?
In regards to FX United, we’re already off to a less than stellar start. The company offers no clear indication on their website as to who’s running or managing the site, and this is something that always causes us to be hesitant with any multi-level marketing company.
However, if we do a bit of further research, we are able to come up with a couple of names that we can directly related to FX United.
First, we need to take a closer look at the company. On the website, FX United touts “certificate of incorporation” for what is being called “United Global Holdings Limited”. This certificate comes from New Zealand, but any relationship between United Global Holdings Limited and FX United is entirely unknown to us.
The certificate does come with an attached address, but it is one that’s currently being used by more than one business. Whenever we encounter something like this, we can assume that the address is one that’s rented out for mailing purposes.
So, as a result, FX United most likely has no actual business in New Zealand.
As for those two names we mentioned, they are also found on the certificate. The names provided are those of Rujina Begum and Priscila Lamoste Lustre.
An address is provided for Rujina Begum, but this is another address that is being rented out – in this case, the location being in the UK. Lustre, on the other hand, has a residential address that’s located in Queensland, Australia.
From what we’ve been able to tell, Rujina Begum is most likely the primary manager and operator of FX United. Her name is tied with the FX United’s website domain name registration. The registration was initially made way back on October 15th of 2006, but it was then updated ono August 12th of 2014. This update in 2014 is probably when Begum took ownership of it.
Now that we have a better understanding of FX United’s somewhat shaky background, let’s take a closer look at the company as a whole.
What Are The Products For FX United?
Another area that has us worried is FX United’s absence of a product line. This may not seem like a huge deal at first, but it can frequently be a deal-breaker for most MLM companies.
Product lines are important because they create for the circulation of outside money that comes from retail customers. When a product line does not exist, the only money that’s being invested is coming directly from new and existing affiliates.
Why is this an issue? Because this is something that we often see with most Ponzi scheme situations.
What Is The Compensation Plan For FX United?
In order to get involved with the compensation plan that is available, affiliates will have to invest some of their own cash. These investments start out at $300, and can go up to as much as $10,000. Once this money is invested, affiliates are told to expect a return on investment.
How is that ROI funded though? According to FX United, it is coming from foreign exchange – more specifically, CGAT (capital gain auto trading).
These CGAT deals are made with 12-month contracts, and affiliates see payment through a deposit bonus of 30%.
If an affiliate wants to withdraw any funds that they have made before that 12-month period is up, they’ll be required to pay a fee of 3%. However, this early withdrawal can only be made if their account balance if 150% or greater of their initial investment amount.
However, that isn’t the only fee that we see. FX United also incurs a fee of 1% for each month on each affiliate’s balance of funds.
Along with the CGAT situation, affiliates can also make a commission by recruiting new individuals to join the company. These commissions are also paid out in the form of ROIs, and this takes place through a common unilevel system.
That unilevel system is initially created by having one single affiliate placed at the very tip top of a team. Once this initial affiliate is recruited, they then set out to enlist more people to join the affiliate program.
Once this affiliate recruits new members, they are placed at the level 1 spot. When a level 1 affiliate enlists someone new to join, they are located at level 2. This process can go on for a virtually endless amount of times, but FX United does set a payment cap on the first 5 levels of each team that is involved.
These commissions are paid out to affiliates as a certain percentage of all ROIs that affiliates in the company earn. The breakdown looks like this –
- Level 1 affiliates, those that are recruited on a personal basis, earn a 12% commission.
- Affiliates at the level 2 spot earn a commission of 4.5%.
- Level 3 affiliates see a commission of 2%.
- A commission of 1% is doled out to affiliates at the level 4 spot.
- Any affiliates at level 5 will earn a measly commission of just 0.3%.
What’s Does It Cost To Join FX United?
Joining FX United is initially free, but not if you want to be eligible to earn commissions within the company. If that’s the case, you will need to invest a minimum of $300.
Is FX United A Scam?
Have you heard from a friend that FX United is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about FX United – is it a scam or legit?
Good news – FX United is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
FX United Review Conclusion
FX United is a multi-level marketing company that’s operating in the forex field. In typical fashion with all forex MLM opportunities, FX United provides very foggy information when it comes to revealing who’s actually managing the company. As we mentioned earlier, this is never something that we like to see.
Although the website and name of the company may seem cliché and easy to understand, the deeper details of FX United are anything but.
Based off of all the information that we’ve been able to find, FX United would appear to be running out of the United Kingdom. That’s fine and dandy, but if that’s the case, why the heck is there a certificate on the site from New Zealand?
Similarly, why is one of the so-called “Directors” located out of Australia? There’s no cause for this kind of contradicting information, and when it does occur, it’s usually associated with a sham of a company.
Along with just sounding fishy, these kind of situations can cause for even bigger issues – such as money laundering. There isn’t any clear info to suggest that that’s going on in the case of FX United, but it’s something we’ve seen before, and we wouldn’t be surprised to see it here as well.
On another note, the amount of money that FX United is asking their affiliates to invest is insane. The minimum amount is $300, and that number can go all the way up to a whopping $10,000. Affiliates are told they’ll get a return on investment for their money, but FX United doesn’t disclose any information as to where that money is actually coming from.
If FX United is actually able to offer a 30% despot bonus on any money that is being invested, you could potentially become a millionaire by investing enough money into the company.
That sounds too good to be true, and whenever a company offers something like this, it’s a clear sign that there are some deep problems and lies that are going on.
We don’t know who’s running FX United, we don’t know where the money is coming from, we don’t know where in the world the operation is being run out of, and we have no idea what’s being done with money that is invested.
With so many uncertainties, we’d very strongly advise avoiding any involvement with this “company”.
I sure hope that you have found my FX United review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my FX United review to have all the information for you.
If you decide to carry forward with FX United, make sure you make the most out of it and learn how to market yourself online.
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