YunikonFX is the forex broker that is currently making media rounds on global scenes for various reasons like gold-backed foreign exchange trades, possible estrangement from Islam-affiliated Asian countries, and suspicions of Ponzi.
However, the cultural shock about Muslims trading forex with Gold as the designated principal might just be a PR stunt promoted by the platform. The actual investment is focused on forex brokerage and affiliate registration for any online participant.
YunikonFX is one of the new multi-marketing companies that operate on the forex markets. It fixes the members’ chances of making profits on the downline investments, which is calculable from MLM unilevel schemes.
Of course, there have been other websites that have made similar offers to provide brokerage to subscribed affiliates, pending the expiry of the membership period. In all of these cases, the crucial issue has been whether the company is legit or not.
So, if you are used to these sorts of MLM monthly ROI cycles, you probably wish to know if YunikonFX is a viable platform. You can read our review for a logical verdict.
Here is an overview of the YunikonFX Business Roadmap
Registered in 2022, the official website seems to be the only publicly accessible digital property owned by the company, which is supposedly regulated in the Island of St Vincent and the Grenadines.
Also, Kitamashi Nukumura seems to be the head of the company, at least at the time of writing — MLMs usually employ proxies to promote their brands.
Apart from YunikonFX, no other notable business can be traced to Kitamashi.
Moreover, there are no reliable public disclosures or enclosed documents on the site about the SEC and forex clearance that allows the company to operate. For that matter, the Island of St Vincent and the Grenadines leaves a window for any kind of company looking to operate in the country.
The poor legislative purview on affiliate marketing companies makes the Island of St Vincent and the Grenadines a likely refuge for companies looking to evade proper regulation.
All of these issues could set likely investors by the ears, which could adversely affect traffic for the company. Despite its preferred location for licensing, YunikonFX gets most of its members from the United States and Malaysia — each contributing eighteen percent (18%) and eighty-two percent (82%) respectively.
Learn more about the company in this article.
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YunikonFX Affiliate Program | How It Works
The company doesn’t offer any actual products, relying only on the affiliate side of the business to keep the membership compensation ROI cycles running. Upon signing up successfully for the program, members can expect to earn about 8% ROI — at a minimum — or a 20% ROI cap per month, as long as their coupon is valid.
Supposedly, these returns are generated from the backend profits released from forex trades while any subsequent bonuses are paid to affiliates who personally recruit people to the platform.
It gives the affiliate the chance to operate a manual trade module, which earns the affiliate profits that are tiered on six (6) levels. Here are the available returns on these levels.
Ten percent (10%) ROI paid on Level 6
Fifty percent (50%) ROI paid on Levels 5 to 4
Seventy percent (70%) ROI paid on Level 3
One hundred percent (100%) ROI paid on Level 2
Two hundred percent (200%) ROI paid on Level 1
Moreover, the actual investment-tied ROI is provided in different ranks. Here are the available ones and their entry requisites.
Emperor Trader — goes for at least four (4) Shogun Traders affiliates in the member’s downline, each one entered in a different position in the unilevel.
Shogun Trader — goes for three (3) Daimyo Traders affiliates in the member’s downline, each one entered in a different position in the unilevel
Daimyo Trader — goes for at least five-thousand-dollar ($5000) investments accumulated by the member’s affiliate downlines.
Samurai Trader — available as the entry amount, upon registering for the program.
YunikonFX Affiliate Trading Commissions
Apart from the above ROI-tied programs, YunikonFX uses the typical MLM unilevel grid to pay its members Trading Commissions. We explain how the unilevel grid works for those who are just getting to know about the scheme here.
How MLM Unilevels Work
A YunikonFX member is placed on the start of the unilevel downline, with subsequent entries provided for the member’s personally recruited affiliates.
For instance, the level immediately following up the YunikonFX Members is tagged level 1, which begins the downlines. If any affiliate in the Level 1 position recruits people to the platform, then the affiliate’s referrals are entered in the Level 2 position.
The same pattern is repeated for the subsequent levels, which continues down an infinite level.
However, MLM companies typically fix the payable levels to at most twenty, and that is quite rare. In this case, YunikonFX pays up to Level 15. The actual conversions per day amount to a pittance — and this is roughly about sixty (60) cents for a $100 threshold investment in Level 1.
Emperor Traders — earns you 50% ROI on Levels 4 to 15, 100% ROI on Level 3, 200% ROI on Level 2, and 300% on Level 1.
Shogun Traders — earns you 50% ROI on Levels 4 to 15, 100% ROI on Level 3, 200% ROI on Level 2, and 300% on Level 1.
Daimyo Traders —earns you 50% on Levels 4 to 6, 100% on Level 3, 200% on Level 2, and 300% on Level 1.
Samurai Traders — earns you 300% on only Level 1.
The above profits are tied to prior registration and subsequent investment in YunikonFX. So, anyone looking to join the program will have to follow the steps below.
How to Register | Procedure to Join YunikonFX
Re: YunikonFX offers up to twenty percent (20%) Returns on Investments as the cap for its affiliates.
The offer is enticing, but there isn’t enough backend proposition to drive the investment streams. For the most part, the company comes across as a scam, considering that it is already blacklisted by the SEC body in Malaysia.
Caveat: You will be risking your money if you sign up for the program.
To register for the program, use these steps.
- Go to the official website for any clues about YunikonFX Coupon vendors.
- Otherwise, liaise with the PR blogs online for a valid referral link.
Once you can access the link, enter all the required details —you just have to follow the on-screen cue for guidelines — to complete your registration.
Typical details are email address, full name, and alternative contacts.
How to Login to YunikonFX
The account login procedure is pretty easy if you already have your referral link. Without the link, though, you can attempt to retrieve the affiliate sign-in page from the website using these steps.
- From the homepage, you can locate the login portal by clicking on the drop-down menu.
- Select Affiliate (or Member) Login from the list.
- Enter the relevant details as marked by the on-screen prompt.
After the last step, you can now access your account if there is an affiliate login page option on the website. Alternatively, you can easily sign in to your account using the referral link. Once you retrieve the link, you can click on it to get to the login page directly.
The above procedure only gets you registered on the site. If you wish to join the various ROI-tied affiliate programs on the platform, then you will have to invest at least $100. As you invest more in the company, your profit basket expands. Or is this false? See below for answers.
Signing up for an affiliate program does not guarantee profits, especially when there are so many botched schemes snagging YunikonFX.
Conclusion: Is the Company Legit?
Despite all the long-winded pay schemes in every ROI-weighted affiliate program on the platform, the company remains without SEC License to provide the services it purports to offer. Check out the Malaysia Security Commission Investor Alert List.
YunikonFX was added to the Investor Alert List in June 2022, along with possible rebrands or clones like Lite Forex and FXT Investments Malaysia.
So, the incorporation certificate obtained in the Island of St Vincent and the Grenadines is a feint, intended to shrug off requests for appropriate regulation from legit forex regulators.
Apart from the legal aspects, YunikonFX doesn’t offer any realistic ROI programs. There is no proof that it generates the so-called slot profits from actual trades on the site.
Instead, it waives the responsibility by providing a skewed profit unilevel grid — any pay grid that doesn’t rely on backend profits or product retailing to generate ROIs is prone to Ponzi —, which only leaves the company with the bulk of the invested funds whenever it clashes.
Verdict: there is no form of protection for the affiliates’ investments. YunikonFX is not a reliable broker.