OneX Finance fails to offer possession or govt info on its web site.
OneX Finance’s web site area (“onexfi.com”), was privately registered on Could third, 2023.
In an try to seem authentic, OneX Finance gives a hyperlink to the incorporation standing of OneX Fi LTD.
OneX Fi LTD was included within the UK on Could 1st, 2023.
An MLM firm working or claiming to function out of the UK is a purple flag.
UK incorporation is dust low cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
Consequently the UK is a popular jurisdiction for scammers trying to incorporate, function and promote fraudulent firms.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
As all the time, if an MLM firm will not be overtly upfront about who’s working or owns it, assume lengthy and arduous 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 achieved 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 connected revenue alternative requires a minimal $100 funding.
OneX Finance solicits funding in numerous cryptocurrencies.
OneX Finance Conclusion
OneX Finance represents it generates exterior income through cryptocurrency buying and selling.
OneX Finance’s revenue comes from shopping for and promoting digital belongings. Common annual internet revenue is over 350%.
This instantly raises two questions:
- How is an MLM firm barely every week previous promoting an annual ROI fee?
- 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 another supply of exterior income technology.
This leaves new funding as OneX Finance’s solely incoming income. Utilizing new funding to repay present buyers makes OneX Finance a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve OneX Finance of ROI income, finally prompting a collapse.
The mathematics behind MLM Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.