YunikonFX is a trading platform that claims to be a well-known global company providing income opportunities to thousands of people around the world. However, YunikonFX.com is clearly making very tall claims by declaring itself to be a “world-leading” platform.
Therefore, it is important to thoroughly review the different aspects of YunikonFX so that we can make a decision about whether we can trust this company with our investment. Keep reading this article to learn all about YunikonFX and make a smart investment decision.
YunikonFX is a Forex trading platform that mainly deals in CFDs (Contract for Difference). CFDs are essentially derivative contracts through which two different parties can make profits per the contract's opening and closing prices. Nevertheless, the company does not dive into the specific examples or details of CFDs it manages or trades. Instead, YunikonFX.com focuses on convincing the readers that it is a world-renowned platform through which you can make a lot of money.
There is no specific information available about the owner of YunikonFX. The only information obtained is through the domain registration of YunikonFX.com, which shows that the company is registered in the name of Kitamashi Nukumura. No further information is available about Kitamashi Nukumura on the internet, so there is a high chance that the name is entirely made up.
A fraudulent address is linked with the domain, showing that the company clearly does not want to disclose information about its owner or the team behind it. Moreover, the address is in St. Vincent and Grenadines. These locations are known for being tax havens, so it would not be wrong to assume that the company is operating without any strict regulation.
Even though YunikonFX.com is enjoying a decent amount of traffic on a monthly basis, it cannot be said that this is a world-leading platform, as the company is claiming it to be. Analysis of the domain shows that Malaysia is contributing the highest traffic to the site, followed by the USA. These statistics indicate that whoever is running the company is probably doing it from Malaysia.
The banking transfer options given on YunikonFX.com are also only located in countries in Malaysia, Vietnam, Thailand, and Indonesia; if someone from another country wants to invest in YunikonFX, they must use cryptocurrency.
While YunikonFX is making very tall claims of having a massive monthly trading volume, the crux of the company's business model comes down to the fact that it is asking for at least $100 in investment from the users. If the users want to make more money, they have to invest even more amount and qualify for bigger packages.
The income structure of YunikonFX is similar to any other Ponzi scheme that aims to generate money from the programs of the company. The primary mode of income involves monthly ROI. It encourages users to invest anywhere between $100 to $10,000 to make a massive return of 8% to 20% monthly ROI. As per the company's claims, the returns on this investment are associated with the trading lots.
Another significant part of YunikonFX's income structure is the affiliate ranks. There are four main affiliate ranks in the company:
This kind of business model is not a sustainable model of generating income. It will only benefit the team behind YunikonFX. Therefore, you should avoid investing any money in YunikonFX. Instead, you can rely on trustable crypto and Forex trading platforms that actually help you make a lot of money.
Now that you are familiar with the basics of YunikonFX let's dive into the detailed features of YunikonFX and analyze them in detail.
The very first thing that users notice when they visit, YunikonFX.com is that it claims to be a world-class trading platform. Even the most well-established trading platforms do not make such kind of claims. Moreover, YunikonFX cannot defend this claim because its business model is similar to any other fraudulent trading company or Ponzi scheme.
YunikonFX claims that it offers comprehensive support, due to which it has traders from more than 50 countries. However, it is important to reiterate that bank transfer options are highly limited on YunikonFX.com. Most people have to use cryptocurrencies to invest any kind of money in the company.
Another tall claim of YunikonFX is that it has world-class security through which it is able to protect the funds of the users. While such claims might be true, the website does not provide any further details about the modern security protocols or ethods it uses to maintain maximum security. Therefore, there is a high chance that the company is lying about having modern security protocols.
YunikonFX claims to have very low fees, due to which users can make huge profits. Moreover, it claims to have advanced features that help users in increasing the profitability of their trades.
However, there is no further evidence of such claims. In fact, the business model of the company indicates that it is working as an MLM Ponzi scheme and not a trading platform.
YunikonFX.com states on its various pages that the company has won various international awards for providing quality trading services to people all over the world. However, most of this information is not verified from any other third source. It shows that the company is desperate to show itself as a credible name in the trading industry.
In fact, in 2022, the Securities Commission of Malaysia added YunikonFX to the fraudulent list for having an unauthorized website. It shows that the company is far from beibyn award-winning company. In fact, it is a fraudulent company, about which the authorities are warning users to ensure they don't get involved in this scam.
A comprehensive analysis of YunikonFX clearly points to the fact that the company is not what it claims to be. It is not a well-established platform, as its website went live only in 2022. Yet, the company is presenting itself as a renowned world-class platform that has helped a lot of people make money.
Moreover, the company's claims of having a $3 billion monthly trading volume are highly suspicious. The company does not seem to enjoy this kind of popularity to have such a large monthly trading volume.
It is also important to note that the business model of YunikonFX has less to do with trading. It is very similar to Ponzi schemes that promise monthly ROIs, but eventually collapse due to lack of investment. Hence, you cannot expect to make any significant investment from YunikonFX.
Considering all of the aspects of YunikonFX, it can be concluded that it is not a reliable company to invest in. Instead, you should rely on reliable crypto and Forex trading platforms. Such companies have been operating in the industry for many years and can actually provide you with income opportunities via trading.
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