Search

For more information about YUM Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence E

License

No license

YUM Company

  

Yum Company Overview

  

Founding Date and Background

  Yum Group Global Limited, commonly referred to as Yum, is an online forex broker that has been operational for approximately 2 to 5 years. The company claims to provide trading services across various financial markets, including forex, commodities, and stocks, but lacks valid regulatory oversight, which raises concerns about its legitimacy.

  

Parent Company/Ownership Structure

  Yum operates as an independent entity, and while it claims to have affiliations with various regulatory bodies, these claims have been disputed. The company does not appear to have a parent company overseeing its operations, which further complicates its credibility.

  

Headquarters Location

  The registered address for Yum is located in Hong Kong, specifically at 802, 8/F, Garda Global Centre, 6 Sha Tsui Road, Tsuen Wan. However, there are indications that the company's operations may also extend to other regions, including the United Kingdom.

  

Global Business Scope

  Yum claims to offer access to a diverse range of financial instruments, including over 100 tradable assets. The broker's services are marketed towards international clients, although specific details about its global reach and customer base remain unclear.

  

Main Regulatory Bodies

  Yum lacks valid regulation from recognized financial authorities. The broker has made assertions regarding its regulatory status with the National Futures Association (NFA) and the Financial Conduct Authority (FCA), but these claims have been proven false. Consequently, Yum operates without oversight from any credible regulatory body.

  Back to Top

  

Company History and Development

  

Key Milestones

  Yum's history is marked by several pivotal moments, including its establishment and subsequent claims of regulatory compliance. However, the validity of these milestones is questionable due to the lack of supporting evidence.

  

Business Expansion Journey

  The company has claimed to expand its offerings to include a wide range of financial products, but its actual growth trajectory is difficult to ascertain due to the lack of transparency and regulatory oversight.

  

Customer Base Growth

  While Yum promotes itself as a broker catering to a broad clientele, the exact size and growth of its customer base are not documented. The absence of credible reviews and feedback from users further obscures this aspect.

  

Platform Development History

  Yum utilizes the MetaTrader 4 (MT4) platform, a widely recognized trading software known for its user-friendly interface and functionality. However, there are reports of fraudulent activities associated with the broker, which could hinder its platform development and reputation.

  

Important Awards or Recognitions Received

  Yum has not received any notable awards or recognitions that would validate its claims of being a leading broker in the forex market.

  Back to Top

  

Trading Services Offered

  

Forex Trading Options

  Yum claims to offer trading in over 40 forex currency pairs. However, the lack of transparency regarding specific currency pairs raises questions about the actual trading options available to clients.

  

Stock Trading Options

  Details regarding stock trading options are not explicitly stated, and it remains unclear whether Yum facilitates direct stock trading or relies on CFDs for such services.

  

CFD Trading Products

  Yum provides access to various Contract for Difference (CFD) products, although specific details about the assets available for trading are not disclosed.

  

Other Financial Instruments

  In addition to forex and CFDs, Yum claims to offer trading in commodities such as gold and silver, as well as indices. However, the lack of transparency regarding these offerings is concerning.

  

Special Services or Unique Advantages

  Yum promotes itself as providing 24/7 customer support and access to a popular trading platform. However, the absence of regulatory oversight and numerous complaints about fund withdrawal issues diminish any perceived advantages.

  Back to Top

  

Regulatory and Legal Background

  

Detailed Regulatory Information

  Yum is not regulated by any recognized financial authority. The assertions of being regulated by the NFA or FCA are false, and the broker operates without valid licenses.

  

  Yum is registered in Hong Kong, but it also claims operations in the United Kingdom. The lack of a clear legal entity structure raises concerns about accountability and client protection.

  

Client Fund Protection Measures

  Due to the absence of regulation, there are no established measures in place to protect client funds. This poses significant risks for investors considering trading with Yum.

  

Countries/Regions Served

  Yum markets its services to international clients, but the specific countries or regions served are not clearly defined. The lack of regulatory compliance may limit its ability to operate in certain jurisdictions.

  

Compliance History

  Yum has a concerning compliance history, characterized by accusations of fraudulent activities and misleading business practices. There have been multiple complaints from users regarding difficulties in fund withdrawals and account management.

  Back to Top

  

Competitive Landscape

  

3-5 Main Competitors

  Yum operates in a highly competitive landscape, facing competition from other forex brokers such as:

  • IG Group: A well-established broker with strong regulatory oversight and a wide range of trading options.
  • OANDA: Known for its transparency and robust trading platform, OANDA is a reputable choice for forex traders.
  • Forex.com: A regulated broker offering comprehensive trading services and educational resources for traders.
  •   

    Positioning in the Industry

      Yum's positioning in the forex industry is precarious due to its lack of regulation and numerous complaints. This undermines its credibility and ability to attract serious traders.

      

    Market Differentiation Factors

      While Yum claims to offer a diverse range of trading products and 24/7 customer support, the absence of regulation, transparency, and a solid reputation significantly detracts from its differentiation in the market.

      Back to Top

      

    Conclusion

      In summary, Yum Group Global Limited presents itself as a forex broker offering a variety of trading services. However, the lack of valid regulation, numerous complaints, and questionable business practices raise significant concerns about its legitimacy. Potential investors are advised to exercise caution and consider alternative brokers with stronger regulatory oversight and positive customer feedback.

      For further information and to learn more about safer trading options, please consult reliable financial resources or regulatory bodies.