OneX Finance fails to offer possession or govt data on its web site.
OneX Finance’s web site area (“onexfi.com”), was privately registered on Could third, 2023.
In an try to seem professional, OneX Finance gives a hyperlink to the incorporation standing of OneX Fi LTD.
OneX Fi LTD was integrated within the UK on Could 1st, 2023.
An MLM firm working or claiming to function out of the UK is a pink flag.
UK incorporation is grime low-cost and successfully unregulated. On prime of that the FCA, the UK’s prime monetary regulator, don’t actively regulate MLM associated securities fraud.
In consequence the UK is a well-liked jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
OneX Finance’s Merchandise
OneX Finance has no retailable services or products.
Associates are solely capable of market OneX Finance affiliate membership itself.
OneX Finance’s Compensation Plan
OneX Finance associates make investments USD equivalents in cryptocurrency. That is finished on the promise of marketed returns:
- make investments $100 or extra and obtain 25 cents a day for 60 days
- make investments $100 or extra and obtain 30 cents a day for 120 days
- make investments $100 or extra and obtain 35 cents a day for 180 days
- make investments $100 or extra and obtain 40 cents a day for 240 days
- make investments $100 or extra and obtain 45 cents a day for 299 days
- make investments $100 or extra and obtain 52 cents a day for 360 days
OneX Finance pays referral commissions on invested cryptocurrency down two ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 2%
- stage 2 – 1%
Becoming a member of OneX Finance
OneX Finance affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $100 funding.
OneX Finance solicits funding in varied cryptocurrencies.
OneX Finance Conclusion
OneX Finance represents it generates exterior income by way of cryptocurrency buying and selling.
OneX Finance’s revenue comes from shopping for and promoting digital belongings. Common annual web revenue is over 350%.
This instantly raises two questions:
- How is an MLM firm barely every week previous promoting an annual ROI charge?
- If OneX Finance can already generate 350% yearly, what do they want your cash for?
OneX Finance fails to offer verifiable proof it’s engaged in buying and selling or some other supply of exterior income technology.
This leaves new funding as OneX Finance’s solely incoming income. Utilizing new funding to repay current traders makes OneX Finance a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve OneX Finance of ROI income, finally prompting a collapse.
The maths behind MLM Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.
