Welcome to my Shynxl Review!
There has been some buzz about this company and I decided to take a closer look.
Chances are someone approached you about their investment opportunity and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Just PAY close attention and read this to the end…
Shynxl Review (Company)
Shynxl is the brain child of the founders Mohammed Mozumder, Ahmed Hussain, and Mohammed Akikur Uddin who launched the company in February 2021.
What is ShynXL?
ShynXL is a company that is known for their Forex and Crypto Trading but also specialize in technology, education, travel & tourism, fashion & design, health & beauty, real estate and jewelry.
Their main hook is definitely the trading and compensation plan.
Unlike all the other Shynxl reviews out there I am actually going to take a deeper look so pay close attention.
ShynXL domain was first registered on December 23, 2020 and was updated on January 14th, 2021.
Registration was set to private which is normal…
When it comes to traffic, it looks like the website was life in January 2021.
It went from 1300 visitors in January 2021 to over 9,000 visitors in February 2021 when the company launched.
Traffic journey coming into the company shows YouTube, Bing and Google.
I noticed that ShynXL is sending traffic to “coinpayments.net” which is a website you can buy crypto and where you can add your crypto ERC-20 coin…
When I took a look at UK.Trustpilot for reviews, it’s getting a 2.4 out of 5 and there are many problems with it…
When I looked at some of the reviews, they were terrible…
People are calling this website a scam…
Most of the traffic coming to the website is from the United States and United Kingdom as of right now…
ShynXL does have a UK incorporation for SHYNXL Technology LTD.
Company was incorporated on September 29th, 2020 and does have the co-founders I mentioned under “people”.
The 30 Churchill Place, Canary Wharf, London, England, E14 5EU doesn’t show SHYNXL anywhere….
I did find “ForexTime”…
Anyway, the company details are pretty shady and other sites like ScamAdviser are calling this a possible scam, but let’s keep going…
ShynXL Reviews (Products)
ShynXL does have an ecosystem which showcases:
- ShynXL Technology
- ShynXL Education
- ShynXL Travel and Tourism
- ShynXL Forex and Crypto Trading
- ShynXL Fashion and Design
- SnynXL Health and Beauty
- ShynXL Real Estate
- ShynXL Jewelry
I couldn’t see any retail pricing for any of these products and services individually.
Which leads me to believe they might not have any retail offering, but you can become an affiliate by purchasing one of their investment packages and you can sponsor others to earn a commission…
ShynXL Compensation Plan
ShynXL has affiliates invest into the company on a promise to get anywhere between a 0.3% to 2% daily return…
- Steel – invest $100 (50 BV)
- Copper – invest $500 (250 BV)
- Bronze – invest $1,000 (500 BV)
- Silver – invest $5,000 (2,500 BV)
- Gold – invest $10,000 (5,000 BV)
- Gold Elite – invest $20,000 (10,000 BV)
- Platinum – invest $50,000 (25,000 BV)
- Platinum Elite – invest $100,000 (50,000 BV)
Each package has a $20 admin fee…
The company has eight ranks in total but didn’t have any information on how to qualify for them.
- Blue Sapphire
- Shining Ruby
- Glowing Emerald
- White Diamond
- Black Diamond
- Crown Diamond
You can receive a 8% commissions when you personally sponsor someone directly.
When your personally sponsored affiliate withdrawal funds, you can earn a 10% commission on it.
You can’t earn anything from your personally sponsored affiliates second level…
You can earn anywhere between 6% to 8% in the binary compensation plan.
ShynXl sums up all the investment funds on both legs and pays you 6 to 8% on the lesser leg.
- Members can withdraw only once per week.
- 10% of the withdrawals go to the sponsor
- Every time you withdrawal funds, you pay 5% in fee’s.
- 10% of your withdrawals go to your trading pool.
Packages will take 5 days to process for trading.
Profits will be added on the 6th day after payment is reached in BTC wallet in ShynXL.
Packages will run until 200% ROI is reached (170% net ROI).
Right now the company doesn’t have all the information together when it comes to their compensation plan.
But you can see that there is a passive income opportunity here…
Cost To Join ShynXL
ShynXL has affiliates invest at least $100 to take part in their business opportunity.
Unlike all the other ShynXL reviews out there I am going to keep it real with you in the verdict…
So does te ShynXL scam exist?
Well let’s look at the facts…
We do know who is running the company which is a good thing…
However, it falls apart right after that…
The address they are using isn’t associated with ShynXL in anyway.
UK Incorporations don’t mean anything and is the number one choice for scamming companies to use…
What I wanted to see was a FCA registration because they are taking about 200% ROI (170% net) and guess what?
I didn’t find any FCA registrations…
They talk about how their brokers are registered with the FCA but we don’t even know who that is…
They don’t mention any names.
However, that is irrelevant because ShynXL needs a FCA registration as well.
Now because the United States is listed as one of the traffic sources coming into the site, they will need a registration there as well…
They could have had everything right but if they don’t have clear retail products or services and no registration with the FCA for offering returns, it’s operating illegally…
The good news for ShynXL is that the FCA doesn’t care and never seen it regulate…
The SEC on the other hand does take action…
I personally can’t recommend the company the way it is…
It needs proper financial regulator registrations.
I hope you enjoyed my ShynXL review and if you have any questions, feel free to ask in the comments below…
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