Is CK Ltd A Scam? An Honest Review From A Victim Of Fraud.

Is CK Ltd A Scam? An Honest Review From A Victim Of Fraud.

Welcome, my friend! Honestly, I’ve been expecting you to visit my website and read my CK Ltd review!

Actually, this review is mainly for readers from Malaysia, China and Taiwan, but you’re still encouraged to read this review even if you’re from other countries. 

I believe the knowledge you get from this review will help you to differentiate the potential scams in the future.

First of all, I must congratulate you for doing your due diligence to research before buying into any “seemingly good” product/service.

To be honest, I’m not as smart as you because back in the day, I’m the kind of person who’ll impulse buying a product/service that “I think” it’ll bring me substantial returns.

And I’m sure you guess it right, I GOT SCAMMED. For sure, I was upset and get angry on the scammer, but when I took the time to reflect on myself, I think that’s all my fault. 

If I can think rationally and do in-depth research on the Forex Mirror Trade MLM Company (The service that I bought into), I might not end up being scammed.

That’s why I say you’re smarter than me.

But, if you’re already joined their service. Then, I think you’ll need my unbiased review on CK Ltd, and consider whether you should continue their service or quit ASAP.

Without further ado, let’s get started!

Table of Contents

Company Overview

Logo of CK Ltd.

Company Name: CK Ltd

What’s It About: Forex MLM

Joining Fees: 1,000 USD

Owner: Unknown

Website:  No official website

Direct Competitors: 1000 Pip Builder, Profit Unlimited, CryptoTab Browser

Pros

1) Regular events
2) They don’t emphasis on recruitment

1) Broker has a low rating on WikiFX
2) Broker is not well-regulated
3) Unrealistic high ROI
4) Malaysia’s strict regulations on FX Trading
5) Numerous Former Member Complaints

Overall SCAM Rating: 50/100 (You’ll never know it’s a scam or not for this kind of financial service.)

Recommended: Not Really

The Better Option: Learn how to make money online for FREE and turn your passion into profits. Click the button below to uncover my top recommended training.

What Is CK Ltd?

Based in Malaysia, CK Ltd is a Multi-Level Marketing (MLM) company that focuses on the Forex trading niche. The date of launch and its owner are not disclosed.

As their targeted audience is solely Malaysian Chinese residents, and they’ve no official website and social media profile, so there’s no way for you to research their background on the internet. I can only collect the information through the words of mouth from their current members.

They claim to provide professional Forex trading training and the regular trading tips with the high winning rate, which will be shared through their chatting group.

However, as I’ve known, Malaysia has strict regulations on any Forex activities, and I believe this also applied to most countries. So I’m not sure if they’ve been permitted by the government to run such events in Malaysia.

How Does CK Ltd Works?

As yet, the Forex broker that partnering with CK Ltd is Tradesto. This is the part that’s getting tricky when I try to research the background of this broker.

Guess what? There’re many red flags about this broker, which I’ll explain in more detail in later chapters. Likewise, this broker is also the reason why I don’t recommend CK Ltd to anyone.

Other than that, CK Ltd is also a corporate authorized representative of Big Brain Bank – An e-learning platform founded by Bredon Yong in 2019. In other words, they’re an associate of Big Brain Bank.

This learning platform offers a range of learning packages that cost around MYR2,500 – MYR20,000 (USD590 – USD4,700). 

Inside each learning package, they’ll teach you some sort of financial knowledge related to Forex trading, investment guide, and financial planning.

How To Make Money With CK Ltd?

This might be the part that you’re most concerned about.

As I’ve mentioned earlier, there’s no information about this organization available on the internet. So I’m getting this information about their compensation plan through the words of mouth from their current members.

To be honest, when I first heard about their compensation plan, it is quite complicated (at least for me). 

But no worries, I’ll try my best to summarize everything for you and make it understandable as much as possible.

Basically, there’re 5 income sources that you’ll be earning once you’ve joined their organization. 

To give you clearer insights, I’ll explain it one by one, and then show you how they pay out their commission via a unilevel compensation structure.

How to make money with CK Ltd
PositionHow do you get paid?Remark
PromoterYou'll get paid for a commission after someone bought the learning package through your referral.
Self-Trade or InvestorYou earn money through self- trading or investing in their EA/Mirror Trade Service.
Pips IncomeYou'll get paid for a commission when your downlines make money through self-trading.This is the part that tied to their unilevel compensation structure.
Partnership BonusYou'll get paid once you find funding from an investor who wants to invest in Tradesto.
Profit SharingOnce you've enough experience, and being promoted as their "Master," you've got the chance to offer mirror trade service to anyone who wants to invest in you.

The Compensation Plan

As what I’ve known, the pips income is the only income source that tied to their unilevel compensation structure.

I’ll give you a step-by-step explanation to show you how their compensation works.

1) Understanding the relationship between trader, Forex broker, and bank.

Let’s say if you want to get started with Forex trading today, it’s unlikely for you to trade currencies with a bank directly because the minimum funding is about US100,000.

Hence, a Forex broker plays a significant role because of the leverage level, which provides you a chance to get started with a way less funding. 

With the leverage level, they allow you to trade much bigger volumes than you would, using only your limited amount of trading capital.

With that said, you’ll need to pay some service fee to the broker, what they coined as “spread.” 

“Spread” will be charged by the broker whenever you make money from a trade, and it will then distribute evenly to the bank, Introducing Broker (IB), and the broker itself.

The relationship between trader, Forex broker, and bank.

2) How does IB get paid by the “spread” from the broker?

This is where their compensation plan starts to kick in. It takes me quite some time to understand how it works because I never see such an MLM program before.

Here’s how it works:

How does IB of CK Ltd get paid by the "spread" from the broker.
  • Let’s assume Person A to person F is qualified as IB, and you are the person A.
  • You have the downlines up to 5 levels so far (person B to person F).
  • If the person E is trading today, and make money from it. The broker will charge person E for a small amount of service fee (“spread”).
  • As I’ve mentioned earlier, a small portion of “spread” will be given to the IBs. So when person E makes money, the first 4 levels before person E (person A to D), they’ll receive the same amount of commission.

Now you might ask: “But what if the person F make money?”

Same concept, the first 4 levels before person F (person B to E) will be the IBs get paid, except for the person A.

*Please note that it required you to pay an upfront funding of 1k USD and find 3 direct clients to be qualified as their IB.

It’s Confusing! I Know.

Don’t worry if you don’t understand what I’m trying to explain to you.

I think the things you should concern are the reasons why don’t I recommended CK Ltd to any newbies who want to learn to make money online, which I’ll be going into more in-depth in the coming chapters.

Are you tired of MLM & Internet Scams? Why not learn to start your own business instead?

This is a FREE training. No credit card info needed.

Pros

1) Regular events

They host a lot of events regularly, such as live trading, trading training, and weekly grouping. I like this because I think that a beginner would get so many values from it. Not only about financial knowledge but also the right mindset in trading Forex.

Also, the supports from the group members will help a lot when you have questions on self-trading. As there’s a saying goes:

“Learn from someone better than you is the shortcut to success.”

2) They don’t emphasis on recruitment

Unlike other MLM companies out there, I don’t think their compensation plan has a heavy emphasis on recruitment. 

 Although their compensation is still tied to MLM structure, it’s been designed to make it more like a “fair game” to everyone, in my opinion.

Cons

In this section, I’ll talk about the 5 reasons why I DO NOT recommend CK Ltd to anyone, period. 2 of them are because of the questionable broker, and another 3 reasons are because of CK Ltd itself.

Questionable Broker

1) Low Rating On WikiFX

I’ve got a screenshot that can prove to you that Tradesto has a very low rating on wikiFX – An authority website in providing information about brokers around the globe. And here’s the screenshot:

Poor rating of Tradesto on wikiFX.

2) It’s not well-regulated

On Tradesto official website, they claimed that they’re supervised and regulated by the authorities of Saint Vincent and the Grenadines (SVG FSA), and the Vanuatu Financial Services Commission (VFSC).

They also claimed that they’d been registered under the Australian Securities and Investments Commission (ASIC) with registered body number 616 567 698.

Poor regulation on Tradesto

And here comes my doubts:

  • The regulation or even licensing of the Forex business is not a part of the SVG FSA activity, as stated by the official warning.
  • If you’re experienced in the Forex industry, you’ll know that Vanuatu VFSC is “well-known” in poor regulation.
  • Tradesto does have a record under ASIC. But the fact is: It’s registered under Australian Registered Body Number (ARNB), which has nothing to do with any financial services.

They supposed to be registered Australian Financial Services Licence (AFSL), but they don’t.

Research Tradesto on ASIC official website

Some quick lesson about the difference ARNB and AFSL

LicenseShort FormWhat's it for?
Australian Registered Body Number ARNBARBN is issued to registrable Australian bodies and foreign companies.
Australian Financial Services Licence AFSLAFSL is a required licence for any Australian business involved in the provision of financial services

What’s Worng With CK Ltd?

3) Unrealistic High ROI

Let me ask you a question:

Have you ever heard about any investment in the FX market that could bring you 20% to 300% ROI per month? I doubt it, but this’s how they promise to their investor. And they do make it happened before. 

But still, people should take these results with a grain of salt. 

Even the smartest investor in the world – Warren Buffett, he’s only making an average ROI of 20% from his entire investment every year. Note that it’s “yearly,” not “monthly.”

4) Malaysia’s strict regulations on FX Trading

As I have mentioned earlier, Malaysia applied strict rules on FX trading activities within the country. 

Central Bank of Malaysia and money charger are the only 2 parties that are allowed to involve in the Forex industry in Malaysia. 

Therefore, I don’t know if CK Ltd is holding a regulated license from the Malaysian Government or not.

You can read the full article about the Forex license and regulation in Malaysia here.

5) Numerous Former Member Complaints

If you search CK Ltd on Facebook, you will find tons and tons of reviews or posts from their former members (mostly in Chinese), saying how the organization scammed their hard-earned money.
 
Quite a few of them are so aggressive and using a lot of “F” words.
 
Now, I don’t know whether their comments are true or they just condemn the company by their own means.
 
However, I think that you should take these reviews into consideration so you can make a well-informed decision.
 
From what I’ve noticed, the bad reviews are way more than the good reviews.

So, Is CK Ltd a Scam?

Don’t you dare lie to me GIF

I can’t make a definite judgment to claim that CK Ltd is a scam, but it doesn’t mean that it’s legitimate either. 

Here’re why do I say so:

Reason #1:
If they are experienced in Forex trading, why would they choose a brokerage with a lot of red flags?
 
Reason #2:
They have no disclose if they’re permitted by the Malaysian Government to run events that related to Forex trading.
 
Reason #3:
They claim to be a leading FX trading group in Malaysia, but they don’t own a professional website. It’s tough to gain trust from a skilled investor if they can’t do proper research before investing in CK Ltd.
 
Reason #4:
If they can get such huge returns from FX trading, why do they need to integrate MLM in their business? 
 
Why not just charging a high-ticket membership fee from people who want to learn from them?
 
Maybe the answer is to make more money? But why MLM? Don’t they know that it looks like a High-Yield Investment Program after integrating MLM into their business?
 
You be the judge.

I think that’s more than enough reasons for you to THINK TWICE before joining CK Ltd as there’s a big risk for you to lose everything overnight.

You Deserve A Better Opportunity

Kudos to you! You’ve just read 2100+ words and still counting. If you make it this far, I commend your commitment.

Meanwhile, I can also feel how serious you’re when it comes to finding a proper way to make money from home.

As you might know, MLM is a flawed business model.

For sure, there’re still people who make a good amount of money with MLM. But it often represents a tiny group of people who joined the program early.

That said, it’s challenging for people who’re BOPs (bottom-of-pyramid) to make some serious dough because they’re running out of people to “recruit”.

MLM Unilevel Compensation Structure

Instead, Affiliate Marketing is my top recommended business model for anyone to make money from home.

The reason is simple…

Advantage 1: No Recruitment Needed

  • You don’t need to “chase” after people and talk them into MLM opportunity where most people lose money.

Advantage 2: Freedom of Choice

  • You can promote any products you love and not be restricted only to promote the products from one MLM company.

Advantage 3: Low Startup Cost

  • Unlike MLM, where you’ll need to pay a pricy introductory fee to join, it takes little to no startup cost to kickstart your entrepreneurial journey in Affiliate Marketing.

You might think I’m biased, but I’m just telling the truths…

If you are sick and tired of MLM and “Biz Opp” Scams, click the “Learn More” button to discover my top recommended learning platform that can help you turn your passion into profits with Affiliate Marketing!

how to create a blog for beginners

[FREE BLUEPRINT] Build Your Own Money Machine Today!

Zac Phua

Zac Phua

Phua is a young aspiring internet entrepreneur who started his online business at the age of 20. The reason he launched lifegoalfinisher.com is to help more people to achieve success in online businesses and reach their financial goals.

Share If You Found This Article Is Useful!

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp

27 thoughts on “Is CK Ltd A Scam? An Honest Review From A Victim Of Fraud.”

  1. Hello there,

    Thank you for sharing with us this informative article. I have actually ever gone through the same thing. I never wanted to dissapoint my friend when he called me to join an MLM company. I payed my three hundred dollars hundred dollars with the hope of gaining more income within the first week. I have never recovered that money till today and neither has my friend who recruited me. To me , MLM is not a sustainablebusiness.

    1. I totally agreed with what you’ve said, bro.

      I am also sorry to hear that you’ve been trapped in a scam before.

      That’s why I often recommend beginners to try affiliate marketing instead of MLM because it has lower risk.

      Still, there’re legit MLMs out there, but I can say 90% of them are borderline illegal.

  2. For me, I don’t advise anyone to rush into this as there is a lot of experiments that still need to be carried out on the platform…thanks a lot for sharing I know it would be of great help to the public as it has been of help to me.

  3. Hello there! this is an amazing review you have got here. I believe this honest post will help other readers who come across it as it has helped me at the moment. For me, I will not even want to do business with them because my major feature of rating a platform is their social media page which CK LTD do not even have which is a major red flag for me.

    1. Thanks for your comment, Joy.

      Indeed, MLM is also not my first choice when it comes to making money from home.

      It’s not because it’s illegal or not profitable, but because of all the restrictions and the expensive costs involved.

      Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

      I already stated the benefits of it clearly in the article.

      If you’re interested in getting started with Affiliate Marketing, I suggest you give Wealthy Affiliate a try.

      To me, they’re the best learning platform for affiliate marketing.

      I hope this helps, peace.

  4. Definitely a scam and I knew right from the time that I saw the name. Howr do people always just want of prey and feed on other people’s woes. This is really great to see here. And thank you so much for sharing all of these here. I liket your review about ck Ltd and I will never be willing to get into something like this

  5. Hello Zac, with all you have said about this business is would really like to stay back and with till some of these issues are rectified and then I will feel it’s best to go into business with them. But for now I feel its best to stay away for such MLM business even if there is no recruitment to be done. I and some other people have had and experience with some other MLM business 

    1. Thanks for your honest comment, Bella.

      Indeed, affiliate marketing is also my first recommendation when it comes to making money online rather than MLM, I keep emphasizing it in my content just to make sure people don’t make the same mistake as I did in the past.

      I used to join an MLM company before but ended up losing thousands of dollars.

  6. Sometimes, by just looking at the name of a platform, one can tell if it is legit or if it is nothing but a rip off and here this post has shown vividly that it is better not to rush into this in any way. I like the fact that this post gives details on this and can help one choose. For me, I see that this company isn’t a good choice.

  7. Thank you so much for sharing with us an interesting and excellent article. The principal content of this article is CK Ltd Review. It is really pretty that you have demonstrated this topic so well in your article. I have learned a lot by reading your article and gained a lot of cognition about Forex MLM. Of the points mentioned in your article, I like How To Make Money With CK Ltd.
    Although I am new to this MLM company, I would like to share your article on my Facebook if you allow me so that everyone can read and understand your article and join here.

    1. Sure, my friend! It would be great if you can share this on social media to keep others aware on such potential scams.

  8. I am very skeptical to do business with anyone or any company that cannot be traced online,That on its own is the key red flag. Reputable companies must be easily traced online, with real followers on social media and on their websites.I concur affiliate marketing is just one of the best ways to make money online especially for the first reason you mentioned, NO NEED TO RECRUIT.

  9. Ponzi schemes are still alive and kicking! I feel bad for the people victimized by this lousy business model. I totally agree with you that the MLM is such a poor business model, and that having no website makes it a lot more dubious. But hey, look at the logo too! Their logo is so confused they are not sure if they are a theme park, a spa, or a children’s toy seller. Even Big Brain Bank doesn’t sound like a legitimate bank. Anyway, thank you for this review. I also live in Southeast Asia, and I am considering myself warned shall this company reach our shores. Cheers, A

  10. Coming from someone who knows nothing of Forex trading. After reading your review though, that is one company I would certainly steer clear of. From your review I learned that red flags on such a company would not be a good thing. Especially with that kind of investment output. Kind of scary to think that people are taken advantage of in such a way.

    You did a great job of breaking down the different aspects of this company, and yet it was confusing. You have done people a great service by providing this information to them. As someone that has been a part of MLM companies, this one really makes no sense at all. How do they build any kind of authority without a professional website? They also have way more cons than pros.

    I also like that you provide an alternative route for folks to go with their investment into affiliate marketing. I am sure that your suggestions will be highly sought after for this. 

  11. It is scary for me to join with words of mouth spending a thousand dollar.

    Why can’t they have a website?

    How can they not mention a founder(s)?

    Who are these people I will be giving money to?

    It is unbelievable to earn that kind of money although not impossible.

    Thanks for the review and creating awareness among the people.

  12. Thank you for this awesome review! I’ve always been skeptical about MLMs in general, I’m not a fan of them and personally know people who have fallen VICTIM (yes, I said victim) to their marketing tactics. People in MLM always make it seem like there’s not much that needs to be done in order to win at MLM but this is FALSE. Which is why I personally hate MLM, the work required to get good at it is not told to people who are being marketed to. No matter if it’s for forex or anything at all. I wouldn’t trust CK at all just because it runs with MLM system. Thank you for this review, it’s opened my eyes on CK. 

  13. Hey, tanks for sharing this CK Ltd review.

    I’ve really gained value from it.

    I don’t know why so many people always fall into these MLM companies… Imagine being constantly chasing people to make them sign up… That’s something I truly hate, and I highly suggest people to not fall for these types of businesses.

    You did a great job mentioning affiliate marketing, which is the best and easiest online business model to get started with.

    Cheers

  14. I’m not from Malaysia, but I’ve been sucked into MLM programs before. It’s nice to see an honest review about MLM, as it always seems like the MLM program “reviews” are really just folks trying to build their downline/network. (I had to laugh because, right about the time I was getting really confused, you had the “It confusing!” part. LOL So, yeah, you knew my head was spinning!)

    The fact that, even when you break it down for us, it is still as hard to understand, is a big red flag for me. Having to invest such a large amount from the outset is concerning, especially considering the ROI is not there, in your estimation. While I’ve never had much luck in the way of MLM, I really don’t like ones that require a hefty sum upfront, as I feel like, as soon as they have my money, they don’t really have as much incentive to help me grow my “business”.

    I really appreciate that you give an alternative to the MLM model – affiliate marketing. It really seems like such a better route to follow than MLM; no parties, no trying to sell to your family and friends to meet the monthly quota, and no garages full of product you may or may not ever actually sell. 

    Thank you for taking the time to really delve into this company, to offer up the facts that concerned you, and to offer a positive alternative. I hope more people will go the affiliate marketing route, instead of trying for the “big bucks” that so many MLM programs promise. I am done with MLM, depending so heavily on others to make the income I’m seeking; I’m working on building up my blog so that I, too, can become an affiliate marketer, where I can help people find things they’re already looking for (or, maybe, didn’t even know they wanted!) without having to be pushy or give another sales pitch. 🙂

    1. Wow, Melissa, thanks for leaving such a long and comprehensive comment on your experiences in MLM.

      Indeed, affiliate marketing is my first recommendation when it comes to making money online rather than MLM, period.

      I keep emphasizing it in my content just to make sure people don’t make the same mistake as I did in the past => Join an organization that I think it’s “LEGIT”, but ended up being scammed severely.

      I am not saying that the MLM companies out there are all pyramid schemes, but I could barely say only 10% of them are legit.

      There’re just too many fraudsters trying to misuse this business model to scam people’s hard-earned money.

      I am also glad to hear that you’re on the same route as mine, which is focusing on growing your blog. I send my best wishes to your future success in affiliate marketing!

      Thanks again for your honest comment, it’s not just a great recognition of my article, but I’m sure it will help a lot of newbies to reconsider their decision on joining such a platform.

      Regards,

      Zac.

  15. A great website on an appropriate topic. I actually did a Google search on CK Ltd and your website came up on the first page which I found reassuring; a big thumbs-up. I like that you laid out the case clearly supported by reasoned logic, and then did the most appropriate thing which was to direct me to an opportunity that is much more likely to bring success.

Leave a Reply

Your email address will not be published. Required fields are marked *

I HATE POPUP, TOO!

But I feel like this is a HUGE DISSERVICE if I don’t share with you the…

PROVEN SYSTEM That

Guides Me To Earn My First $1000 Online!