Company: FX United
Hello everyone and welcome to my FX United business review.
This one is going to be a little different from my normal analysis because there are so many issues with this company that I can’t really try and sugar coat it by pointing out the earning potential.
There are going to be a lot of claims that I make but unlike this illegal MLM, I will provide sources and testimonies in order to back them up.
Since some people only read the introduction of a review to save time, I want to use it as a way to warn you from investing in FX United’s scam.
Do not invest your money with this company and make sure you stay away from other MLMs that operate just like it unless you are 100% sure it is registered/acknowledged by government regulators.
This does not mean that I won’t post about its compensation plan or products, but I will do so by telling you why there are red flags all over the place.
To be honest, if a company is not registered by a countries Financial Markets Authority (FMA) then run away and don’t look back.
This is a tell tale sign that it is a scam.
Also keep in mind that the premise that no one has been caught yet, means that it isn’t a scam is nonsensical and can cause financial harm to other readers.
You can also check out the step-by-step training that helps me earn over $10,000+ per month working from home.
A FX United Overview
Although there is no specific founder named in any of the research I conducted, the company is supposedly run by a woman named Rujina Begum and the domain was bought in August of 2014.
However, the FX United website was created in October of 2006.
The name of the creator is not mentioned and it seems to be a mystery.
I will take a second to explain something to people.
MLMs are not all scams.
There are plenty of MLMs that run legitimate operations and pay their affiliates very well.
If you notice that a founder or websites were created nearly a decade ago, these are two major red flags.
Although this does not 100% guarantee that it is a scam but with just a little more supporting evidence, you will realize the truth.
Anyway, back to the overview.
If you check out Begum’s LinkedIn profile, you will see that is listed as a compliance officer with Rational FX.
Rational FX happens to be a foreign exchange operated in London.
What strikes me most interesting is that the company’s parent is United Global Holding Limited.
If you don’t think that is something to worry about, check out the photo below…
Product & Services
FX United provides FOREX broker services and a few different trading platform options.
These include Metatrader 4.0 and MT4 Multi-Terminal.
You can also become a partner or affiliate through purchasing a membership.
FxUnited Affiliate Program – 5 Level Program
Here is what each Affiliate Partner gets:
1. Multi Level partnership w/ the 5 level commission scheme
2. 85% total commission
3. Access to the Client Cabinet that monitors clients
4. 24hour support
5. No expiration on your status
6. Commission fund, with many payout options
The 85% Commission Breakdown
• Affiliate Level 1: 54% commission
• Affiliate Level 2: 20% commission
• Affiliate Level 3: 5% commission
• Affiliate Level 4: 3% commission
• Affiliate Level 5: 3% commission
Other Bonus Programs
• Welcome Bonus: $25
• 100% Trading Bonus
• Deposit Bonus 50%
• Affiliate Bonus 5%
• Country Region Bonus
• Loyalty Program Bonus
If you have any more questions about the FX United Compensation Plan, just click this link so that you can take a look at it for yourself.
I always put a compensation plan link in all of my reviews, for your convenience.
What I Like About FX United
To be honest with you, I can’t find anything that I personally like about this company.
There are so many inconsistencies with what they are saying and what all legal government bodies are saying.
Although we have to wait for the ruling by our judicial system, this is just another illegal broker company that provides you with some magical programs to earn money on the stock market.
Think about it this way, I have a hard enough time trusting Wall Street and other markets around the world.
Why would I ever trust my money with a 3rd party investor that makes money on commissions whether you make money or not.
Either way, they get paid and you are always left with the losses.
Do you actually think they will give you your money back that you lost in the stock market?
Sorry, but once its lost, it’s gone…for good.
What I Don’t Like About FX United
Ok, here it goes.
This is my one chance to make sure you see FX United for what it really is.
I really hope I provide you with a convincing argument.
The Central Bank of Malaysia made the following statement about FX United:
“The public is advised not to make any deposit or investment with individuals and entities that are not regulated under the relevant laws and should conduct the necessary checks with the relevant authorities if there are doubts regarding any schemes offered.”
Look below for a statement by the “relevant authorities” to prove that is going to be shutdown soon.
Both Malaysian and New Zealand authorities are aware of the companies fraudulent actions and steps will be taken to shut it down.
This link is a must read and you should share it with everyone you know.
Make sure all of your contacts and fellow MLMers know about this link FX United is not as glamorous as you think and there are many lawsuits pending.
This is the New Zealand FMA Warnings and Alerts.
Scroll down about halfway to see the warning advisory on FX United.
The Final Verdict
Look, all of the information provided in the previous sections is more than enough to call FX United as a scam.
It just so happens that it is a scam that has not been shut down yet, but that will change soon enough.
The company only has a few more weeks to comply with the regulation demands or it is done.
There are so many MLMs out there that offer great services or products that are legal and that can be marketed.
My advice to you is to look for one that you know can work with you and that provides priceless training.
There is nothing better than finding an MLM that provides in depth training and has a legit product or service; at least from a business standpoint.
If this is what you are looking for in an online business opportunity, then take a look at this.
It is my #1 recommended business and there are many successful members available to help you get started.
Thank you for reading my review and I hope I saved you from investing in FX United.
If you have experience with this company or you want to post a comment, go ahead and fill out the form below.
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