In this ShynXL Review, you are going to find out more about the owners, the company, how long it has been around and the overall legitimacy of this program.
Most people who join and invest into these types of programs are mainly looking for ways to make a long term investment in terms of passive ROI.
Many systems come out of the woodwork each day and 99.9% usually end in exit scam taking the Lions share of the invested funds with them leaving most people in deep debt (even worse than before they started investing).
The good news is I have been doing these types of reviews since 2017 and have been doing reviews in general since 2013 so I have the ‘experience’ to walk you through this company and program quickly.
ShynXL The Company and Founders:
ShynXL Is owned by 3 Co-founders: Mohammed Mozumder, Ahmed Hussain, and Mohammed Akikur Uddin. They have a huge right up about them in the about section on their website shynxl.com regarding their back ground. The trio seem to be very educated in school but don’t seem to show much experience in regards to Crypto and Forex Trading or even MLM company ownership.
Their company website and domain was first registered on December23, 2020 and updated on January 14, 2021.
This company is brand spanking new!
Most of their traffic (at the time of me doing this review) is coming from Bangladesh.
ShynXL Product Line:
There are no retail able products or services however affiliates can market their make money memberships to earn referral commissions.
They are using big words like ‘Ecosystem’ but when broken down it just means their product line.
As I said before, most people are primarily looking into ShynXL as a means of ‘passive’ income.
However with that being said, they are offering a product line (behind) the affiliate memberships:
- 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
ShynXL Compensation Plan:
Investors and affiliates invest into the company plans in order to get a passive income ROI between 0.3 to 2% Daily:
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.
8 Affiliate Ranks:
They are paying out 8% on all downline invested funds.
Cost to Join ShynXL:
Investors and affiliate must invest at least $100 minimum to take part of the investment and MLM side of this business.
ShynXL License and Registration:
These guys are giving the impression that they are Dubai Millionaires on their website and through their marketing videos.
But for some reason they were using a UK Incorporation on their website in the past and removed it when other Reviewers started pointing out inconsistencies.
First of all a UK Incorporation is meaningless. It’s un regulated and not a Securities Registration to offer the public a passive investment opportunity. For ShynXL to be legit in respects to offering an investment opportunity, they must register with the FCA in the UK (UK Securities Regulator).
Second, none of the founders mentioned above are listed as ‘Directors’ on this UK Incorporation Certificate.
Third, the address 30 Churchill Place, Canary Wharf, London England, E145EU.
After doing a Google Search on that address a shopping complex comes up. No where is the ShynXL company to be found at this address. Most likely they just picked this address out of their hats.
Get All The Facts Before Joining!
ShynXL The Conclusion:
Is ShynXL Legit?
To answer this question, we must first look at all the facts:
1- Company is very new. They have only been around since the end of 2020 which makes them roughly 7 months old while the traffic to their website didn’t start rolling in until after January 2021.
2- The company founders seem to be very educated however there doesn’t seem to be any Crypto, Forex Trading experience being indicated in their bios or digital foot print online.
Come to think of it, they are not showing any experience in regards to MLM Company ownership either.
3- They are offering ‘unsustainable’ ROI. No financial company in their right mind would offer the public up to 2% daily because they would end up going out of business fast.
4- Unregistered Securities Offering: If ShynXL wants to offer a passive investment opportunity to the public, they must register with all the Securities Regulators anywhere they are being promoted from especially in the UK where they ‘claim’ to be located.
There is a lot of talk by ShynXL Affiliates that they are brokered and that the ‘brokers’ are registered with the FCA.
However, the brokers remain anonymous and there is not one shred of ‘evidence’ that these so called brokers actually exist.
5- Fake Address: 30 Churchill Place, Canary Wharf, London England, E145EU does not show this company anywhere on the Google Map location.
This gives me the idea that ShynXL Admins picked this address out their hat which means ‘fake company’ headquarter address.
6- No Proof of Crypto or Forex Trading Revenue: All they do is ‘talk’ about it. But there is zero verified proof that they are offering to the public.
If ShynXL owners could actually come up with a way to make 2% ROI daily, why would they need you (some random stranger online), why would they need Network Marketing?
ShynXL has way too many Red Flags to recommend this company. It looks like a Ponzi Scheme that will eventually collapse once Network Marketing ‘recruitment’ dies out.
Once it collapses, most of the investors will end up losing most of the invested funds and the owners will run off in Exit Scam with the Lion’s share of the profits.
I personally can’t recommend this company, platform and investment opportunity because there are way too many red flags all over it.
This concludes my ShynXL Review.
Rory Singh is a Home Business Development Coach, Blogger and You Tube Publisher.
I have seen many people, companies and systems come and go in my years online. I have 3 decades of experience in the MLM industry (since the 80’s) and have been online since 2006 (as an affiliate marketer).
I have been doing Reviews since 2013.
If you are still looking for a way to create a full time income, then feel free to take a look at: