Firstly, we need to determine if ShynXL is a legitimate company. The reason for this is that it is not registered with the SEC or the FCA. This means that they could be in serious trouble and are likely to get locked up by those bodies if they don’t get their act together. Secondly, the website’s domain was registered on December 23, 2020. This was then updated on January 14, 2021, with the registration status being set to private. Furthermore, we found that the site was receiving over 1300 visitors in January 2021 and over 9,000 in February 2021. Finally, we noticed that the website is listed on Google and Bing.
Although the ShynXL company claims to have unnamed brokers registered with the FCA, the company has no such registration. Because of this, we cannot recommend the ShynXL company for investing. It is better to invest your money in stable companies and your own finances, and that is why we recommend investing in your own business or in the stock market. However, the truth is that you can never be too careful when it comes to investment. Therefore, it is important to know exactly what you are investing in, and whether it is safe to do so.
A ShynXL review should also tell you about the company’s business model and the people behind it. The ShynXL company claims to be a registered brokerage firm, but the truth is that they don’t. This company is only interested in making money and is not a legitimate business. It doesn’t have a proper regulatory framework, which means it’s not reliable. Hence, we recommend that you only invest in stable companies and trust yourself.
The ShynXL company was founded by Mohammed Moin Uddin, along with Nasir Mozumder and Ahmed Hussain. Both founders worked together in PGI Global for years, and they cashed out before the collapse. Its business model is a Ponzi scheme, meaning that it will eventually collapse when affiliate recruitment stops. As a Ponzi scheme, it is inevitable that most of the participants will lose money.
Although ShynXL claims to have unnamed brokers registered with the FCA, it is not. Despite the company’s claims, the founders of ShynXL do not have any experience in trading stocks, and they don’t have a background in the financial sector. Moreover, the company’s website doesn’t have a legitimate website. Consequently, we can’t trust it.
The ShynXL website is managed from Bangladesh, India, and the Philippines. It is based in India and is the most popular source of traffic to its website. Its ecosystem is comprised of forex and crypto trading products. For example, it claims to pay out 0.3% to 2% per day to affiliates. Similarly, it pays out up to 8% if personally sponsored affiliates reach the Copper level, which corresponds to Rank Achievement Bonuses.
There are many problems with ShynXL. The company is not registered with the FCA and has been operating illegally since its inception. It is a scam and we would not recommend it. We recommend investing in a stable company or in yourself. You should only invest in legitimate companies – this way, you can be sure that you’re not losing any money. The company claims to pay affiliates on a daily basis.
While the ShynXL website has no regulated securities, it is a fraud. The site pays affiliates a small return on their daily investments. It is a pyramid scheme, which means that ShynXL will be unable to make money. If it does, you’re just paying to make a profit. But don’t be fooled. There are many scams in the world of affiliate marketing. So, don’t be one of them. You’re not alone.
ShynXL is a scam. Its founders are not FCA registered and are not registered in the UK. The company’s founders aren’t regulated and are operating illegally. Moreover, they don’t disclose the names of their brokers. Besides, if ShynXL is a legitimate company, it will be registered in the UK. Aside from this, it has a reputation of being a fraud.
