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Yum foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://yum-forex.com/, about the company's legal and temporary regulatory information, the company's address 802, 8 / F, Garda Global Centre, 6 Sha Tsui Road, Tsuen Wan, Hong Kong.

Yum Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

Yum Group Global Ltd

Abbreviation

Yum

Company employee

Company Website

https://yum-forex.com/

Company address

802, 8 / F, Garda Global Centre, 6 Sha Tsui Road, Tsuen Wan, Hong Kong

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Registered Country/Area United Kingdom Founded Year 2-5 years Company Name YUM Group Global Limited Regulation No valid regulatory information Minimum Deposit Undisclosed Maximum Leverage 1:500 Spreads 2.2 pips for EUR/USD Trading Platforms MetaTrader 4 Tradable Assets Over 100 financial assets (specifics not mentioned) Account Types Standard Account Demo Account Not mentioned Customer Support Email: support@yum-forex.com Payment Methods Not mentioned General Information YUM Group Global Limited is an online forex broker registered in the United State, allegedlly offering its clients access to a massive financial markets including foreign exchange, commodities, stocks, and the leading MT4 trading platform, 24 x 7 customer support. YUM is a broker that currently lacks valid regulation, which raises potential risks for investors. YUM offers a variety of market instruments for trading, although specific details about the trading assets are not provided. The broker claims to have over 100 tradable financial assets available, but due to the lack of transparency, it is advisable to approach these claims with skepticism. The broker provides a Standard Account option to clients, with undisclosed minimum deposit requirements. The maximum leverage offered by YUM is 1:500. It is important to note that the lack of regulation and transparency regarding account details may pose additional risks to traders. YUM utilizes the MetaTrader 4 trading platform, known for its functionality and user-friendly interface. However, there have been reports suggesting fraudulent activities associated with YUM, indicating a potential scam. It is crucial to conduct thorough research and consider alternative brokers with better reputations and stronger regulatory oversight. Customer support is available through the email address support@yum-forex.com. However, based on reviews and complaints, it is advisable to approach YUM with caution, as there have been reports of difficulties in fund withdrawals and instances of scam activities. In conclusion, YUM is a broker that lacks valid regulation, has received numerous complaints, and has been associated with fraudulent activities. Investors should exercise extreme caution and consider alternative brokers with stronger regulatory oversight and positive customer reviews. Is YUM Legit？ YUM, the broker in question, lacks valid regulation at present, according to verification. It is important to note that this absence of regulation poses potential risks. Furthermore, WikiFX has received a total of 7 complaints regarding this broker over the past 3 months. It is advisable to exercise caution and be aware of the potential risks and the possibility of involvement in a scam due to the lack of valid regulatory information. Pros and Cons YUM, the broker in question, lacks valid regulation at present, posing potential risks to traders. WikiFX has received a total of 7 complaints regarding this broker, indicating a possibility of involvement in a scam. YUM provides a diverse range of market instruments for trading, although specific assets are not mentioned. The broker offers a Standard Account option with undisclosed minimum deposit requirements and a maximum leverage limit of 1:500. YUM's trading platform is MetaTrader 4, known for its functionality and user-friendly interface. However, there have been reports suggesting YUM's involvement in fraudulent activities. Customer support is available through the provided email address. Reviews on WikiFX raise concerns about account deletion, fraudulent platforms, difficulty in withdrawing funds, and misleading trading practices. It is crucial to approach YUM with caution and consider alternative brokers with stronger regulation and positive customer reviews to minimize the risk of encountering scams or fraudulent activities. Pros Cons Offers a diverse range of market instruments Lacks valid regulation, posing potential risks Provides a Standard Account option Undisclosed minimum deposit requirements Maximum leverage limit of 1:500 Reports of involvement in fraudulent activities Utilizes the widely recognized MetaTrader 4 platform Complaints about account deletion and fraudulent platforms Customer support available through email Difficulty in withdrawing funds Misleading trading practices reported Market Instruments YUM provides a diverse range of market instruments for trading purposes. Although the specific trading assets are not mentioned, it is stated that there are over 100 tradable financial assets available. Pros Cons Over 100 tradable financial assets available Specific trading assets not mentioned Lack of transparency regarding asset selection Account Types YUM provides a Standard Account option to its clients, with the specific minimum deposit requirement undisclosed. In terms of leverage, the broker has set a maximum limit of 1:500. Pros and Cons Pros Cons Offers a Standard Account option Specific minimum deposit requirement undisclosed Maximum leverage limit of 1:500 Leverage The maximum trading leverage offered by YUM Group Global Limited is up to 1:100, an average leverage level. Some people may think that this amount is too conservative. However, since leverage can magnify your profits, but it can also cause to fund losses, especially to inexperienced traders. Therefore, it is essential for traders to choose the proper amount based on their risk tolerance. Spreads & Commissions YUM offers variable spreads for trading. Specifically, the platform provides a spread of 2.2 pips for the EUR/USD currency pair. Trading Platform Available YUM Group Global Limited offers its clients access to the worlds most popular trading platform-MetaTrader 4, featuring multiple technical indicator, which enables traders to operate trading bots such as EA, study financial markets. Dino MT4 can be accessed from any devices for you to trade anywhere, any time. Deposit & Withdrawal YUM does not provide specific details regarding minimum deposit requirements or accepted funding methods. Unfortunately, we were unable to test their deposit system due to the lack of ID numbers and Invitation Code at our disposal. For a trusted payment system, it is advisable to explore high-rated brokers that support Skrill, Neteller, FasaPay, Sofort, and Bitcoin. These brokers are adequately regulated and offer greater security, minimizing the risk of encountering scammers. Customer Support A broker's ability to provide excellent customer service cannot be understated. As for the contact information, YUM Group Global Limited says it offers 24 x 7 multilingual customer care to allow its clients have quick access to its customer service. Email address: support@yum-forex.com. Trading Platforms YUM offers the MetaTrader 4 trading platform, which is widely recognized as one of the prominent platforms available in the market. MetaTrader 4 is known for its functionality and user-friendly interface, providing traders with a range of tools and features for executing trades and analyzing the financial markets. Despite the platform's reputation, it is important to note that there have been reports suggesting YUM's involvement in fraudulent activities, indicating a potential scam. It is crucial for individuals to exercise caution and conduct thorough research before engaging with this broker's trading platforms or services. Pros Cons Utilizes MetaTrader 4, a widely recognized platform Reports suggest involvement in fraudulent activities Offers functionality and a user-friendly interface Potential risk of scams Provides tools and features for executing trades and market analysis Caution and thorough research required Customer Support YUM provides customer support through the email address support@yum-forex.com. This email address serves as a means for customers to reach out to the company for assistance and inquiries. Reviews According to the reviews on WikiFX, there have been a total of 7 exposures related to YUM. One review describes a situation where the user's account with ZORO Global Limited was deleted and replaced by a new fraudulent platform called Yum Group Global Ltd. The user mentions being induced to pay a handling fee before being able to withdraw funds. Another review raises concerns about severe slippage and manipulation by the scam group behind ZORO Global. It suggests that the judiciary has been unable to catch these scammers. Another complaint accuses ZORO Global Limited of using the US MSB regulatory unit to deceive victims and engage in fraudulent activities, questioning the effectiveness of the regulation. Additional reviews express difficulties in withdrawing funds and describe instances of scam activities and misleading trading practices. It is important to approach YUM with caution based on these reported experiences. Conclusion In conclusion, YUM, the broker under review, lacks valid regulation and has received multiple complaints, indicating potential risks and the possibility of involvement in a scam. Although YUM provides a diverse range of market instruments and utilizes the widely recognized MetaTrader 4 trading platform, there have been reports suggesting fraudulent activities associated with the broker. Specific details regarding accounts, leverage, deposit requirements, and accepted funding methods are not provided, making it difficult to assess the transparency and reliability of their services. Customer support is available through email, but the overall user reviews raise concerns about difficulties in withdrawing funds and instances of misleading trading practices. Given these factors, it is advisable to exercise caution and consider alternative brokers with stronger regulatory oversight and positive customer feedback. FAQs Q: Is YUM a regulated broker？ A: No, YUM lacks valid regulation, posing potential risks. Q: How many complaints has WikiFX received about YUM？ A: WikiFX has received 7 complaints about YUM in the past 3 months. Q: What market instruments does YUM offer？ A: YUM provides over 100 tradable financial assets, although specific details are not mentioned. Q: What type of account does YUM offer？ A: YUM offers a Standard Account option with an undisclosed minimum deposit requirement. Q: What is the maximum leverage offered by YUM？ A: YUM has set a maximum leverage limit of 1:500. Q: What are the spreads offered by YUM？ A: YUM offers variable spreads, with a specific spread of 2.2 pips for the EUR/USD currency pair. Q: What trading platform does YUM provide？ A: YUM offers the MetaTrader 4 (MT4) trading platform. Q: How can I contact YUM's customer support？ A: You can reach YUM's customer support through the email address support@yum-forex.com. Q: Are there any reviews or complaints about YUM？ A: Yes, there have been 7 exposures reported about YUM, including instances of fraudulent activities, difficulties in fund withdrawals, and misleading trading practices. Exercise caution when dealing with YUM based on these reported experiences.

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Yum Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　Yum Group Global Limited, established between 2 to 5 years ago, is an online forex broker based in Hong Kong. The company's head office is located at 802, 8/F, Garda Global Centre, 6 Sha Tsui Road, Tsuen Wan, Hong Kong. As a private entity, Yum operates in the retail forex market, providing trading services primarily to individual traders and investors. The broker claims to offer a wide array of financial instruments, though specific details about these offerings remain vague.

　　Yum's business model revolves around facilitating access to various financial markets, including foreign exchange, commodities, and stocks, through the widely recognized MetaTrader 4 (MT4) trading platform. The company emphasizes a customer-centric approach, aiming to provide a seamless trading experience. However, the lack of transparency regarding its operations raises concerns about its legitimacy.

　　Over the years, Yum has purportedly expanded its service offerings, although concrete milestones in its development are not clearly outlined in available resources. The company aims to establish itself as a significant player in the online trading space, but its current standing remains questionable due to the absence of valid regulatory oversight.

2. Regulatory and Compliance Information

　　Yum Group Global Limited currently lacks valid regulatory licenses, which poses significant risks for investors. According to various sources, the broker claims to be regulated by the National Futures Association (NFA) under license number 0545142; however, this claim has been proven false as Yum is not a member of the NFA. The absence of oversight from recognized regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or any other reputable agency raises red flags regarding the safety of client funds.

　　There is no information available regarding the effective period or scope of any regulatory licenses, as Yum does not appear to be registered with any financial authority. Consequently, the broker does not have a customer fund segregation policy in place, which is a standard practice among regulated brokers to protect client deposits.

　　Yum's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is also unclear, as there are no specific details provided about their policies or procedures. This lack of transparency further emphasizes the potential risks involved in trading with this broker.

3. Trading Products and Services

　　Yum offers a diverse range of trading products, although specific details are not thoroughly disclosed. The broker claims to provide access to over 100 tradable financial assets, which ostensibly include various forex currency pairs, commodities such as oil and gold, and perhaps indices and stocks. However, the exact number of forex currency pairs and their classifications remain unspecified.

　　In addition to forex trading, Yum also mentions offering Contracts for Difference (CFDs) on various asset classes, including commodities, stocks, and possibly cryptocurrencies. The frequency of product updates or the introduction of new trading instruments is not explicitly stated, which may indicate a lack of innovation or responsiveness to market demands.

　　The broker appears to cater primarily to retail clients, providing trading services without delving into institutional client services or white-label solutions. There is also no mention of asset management services, which could limit the appeal of Yum to a broader clientele.

4. Trading Platforms and Technology

　　Yum Group Global Limited supports the widely recognized MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and functionality. The MT4 platform allows traders to access various technical indicators and automated trading capabilities, which are essential for executing trades and analyzing financial markets effectively.

　　However, there are no indications that Yum has developed a proprietary trading platform or offers a web-based trading solution. The absence of mobile applications for iOS or Android devices further limits accessibility for traders who prefer to trade on the go.

　　The broker operates its servers primarily in China, which raises concerns about latency and execution speed for international traders. There is also no mention of API access or support for algorithmic trading, which could deter more advanced traders seeking automated trading solutions.

5. Account Types and Trading Conditions

　　Yum offers a standard account type, although specific details regarding minimum deposit requirements, spreads, and commissions are not disclosed. The broker does not provide information on advanced account types such as VIP or professional accounts, which may limit the options available to traders.

　　The maximum leverage offered by Yum is reported to be up to 1:500, which is significantly high and could pose substantial risks for inexperienced traders. The minimum trade size and overnight fees are also not specified, creating further ambiguity for potential clients.

　　The lack of transparency regarding these trading conditions may deter traders from engaging with Yum, as they typically prefer brokers that provide clear and comprehensive information about account types and associated costs.

6. Fund Management

　　Yum does not provide detailed information about the deposit methods it supports. There is no mention of accepted payment methods such as bank transfers, credit cards, or e-wallets, which are standard in the industry. Additionally, the minimum deposit requirements for different account types remain undisclosed.

　　The processing times for deposits and any associated fees are also not specified, which could lead to confusion for potential clients looking to fund their accounts. Withdrawal methods and limitations are not detailed, raising concerns about the ease of accessing funds once deposited. The lack of information on withdrawal processing times and fees further complicates the financial engagement with this broker.

7. Customer Support and Educational Resources

　　Yum Group Global Limited claims to offer customer support through email, with the primary contact being support@yum-forex.com. However, the absence of additional support channels such as telephone or live chat may limit the accessibility of assistance for clients facing issues.

　　The broker's service hours and time zone coverage are not clearly stated, which could hinder clients from receiving timely support. Although Yum claims to provide multilingual support, there is no specific list of supported languages, potentially alienating non-English speaking clients.

　　In terms of educational resources, Yum does not appear to offer comprehensive training materials or market analysis services. The lack of webinars, tutorials, or research reports could disadvantage traders, especially beginners, who typically seek guidance and insights to enhance their trading skills.

8. Regional Coverage and Restrictions

　　Yum Group Global Limited primarily serves clients in various regions, but specific details about its market coverage are not adequately disclosed. The absence of information regarding regional offices or local presence may raise concerns about the broker's commitment to serving its clients effectively.

　　There is no clear indication of countries or regions from which Yum does not accept clients, which could lead to potential legal complications. The lack of special restrictions or considerations for specific markets further emphasizes the need for transparency in the broker's operations.

　　In conclusion, while Yum Group Global Limited presents itself as a forex broker offering a range of trading services, the lack of regulatory oversight, transparency in trading conditions, and limited customer support options raise significant concerns for potential investors. It is advisable for traders to conduct thorough research and consider alternative brokers with better reputations and stronger regulatory frameworks to mitigate risks associated with trading.

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