FXUnited offers two plans:

1. Binary Plan。
Capital is locked and non-refunable unless you introduce two referrals blah blah...

2. Capital Guarantee Auto Trade (Cgate)

Min 12% MONTHLY guarantee return. My friend sighted the trade history. Loss ratio is very high. In short, the 12% cost of capital is unable to hit, thus, payout from members' capital is reasonable.

They offer MLM style, so your upline can suck your %.

You decide if it is legit or scam.

I don't trust about the BNM's opinion about "They are well setup", it sounds no meaning at all.

I am worrying this scheme will collapse like 4-5 years Geneva Gold?

Look MOP here

https://forum.lowyat.net/topic/3552097

If I recalled well, such IB talked a lot here and at last, disappeared.

I hope it sustains for another 1 year so you are safe.

5 years ago there is one plan, managed by a broker Absolute FX. The trader managed till about USD30m and run away.

Their MT4 trades are still running now. I have the login to view everything but money, gone. LOL