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    YunShFX: A Deceptive Scam Broker That Puts Traders at Risk

    Yunshfx.com, Yunshfx, Yunshfx scam, Yunshfx review, Yunshfx reviews, Yunshfx 2023, Yunshfx news, Yunshfx update,
    YunShFX is a forex and CFD broker that claims to offer a wide range of trading products and services to its clients. However, there are a number of red flags that suggest that YunShFX is a scam broker. In this review, we will take a closer look at YunShFX and explain why you should avoid it. We will also discuss how to spot a scam broker and what you can do if you have been scammed.

    Company Overview

    YunShFX is a relatively new broker, having been established in 2002. The company is registered in the UK, but it does not have any licenses to operate in any major financial markets.  The website of YunShFX is poorly designed and contains a number of grammatical errors. Also, it seems that this website is somehow cloned from another website. The texts seem rephrased.

    Does YunShFX Have Any License?

    YunShFX does not show any information about their license information. They mentioned that they have offices in the USA, UK, Vantue, and other places. But, they did not show a single license information.

    Is YunShFX Regulated By Any Authority?

    No, YunShFX is not regulated by any authority. They mentioned that they are regulated by the FCA. When we searched with the reference number, we found this:
    Yunshfx.com, Yunshfx, Yunshfx scam, Yunshfx review, Yunshfx reviews, Yunshfx 2023, Yunshfx news, Yunshfx update,

    That means this broker is a clone website of AMT Future Limited, which is a legitimate company. It is clear

    YunShFX Pros and Cons

    Pros:

    • YunShFX offers a wide range of trading products and services, including forex, CFDs, and cryptocurrencies.
    • The company claims to offer competitive spreads and leverage.

    Cons:

    • YunShFX is not regulated by any reputable financial authority.
    • The company has a poor reputation online.
    • There have been reports of YunShFX engaging in fraudulent activities.

    How Does YunShFX Reach To Their Prey?

    YunShFX targets its victims through a variety of channels, including:

    • Online advertisements
    • Social media
    • Cold calls

    YunShFX often makes false promises to its victims, such as guaranteed profits or easy money. The company also uses high-pressure sales tactics to convince its victims to invest.

    Technical Details of YunShFX

    Minimum Deposit:

    The minimum deposit requirement for YunShFX is $250. This is relatively low, which may make the company seem more attractive to potential victims.

    Trading Platform:

    YunShFX uses the MetaTrader 4 trading platform. MT4 is a popular and reliable platform, but it is important to note that YunShFX has customized the platform to add its own features. This could make it difficult for traders to withdraw their funds or report fraudulent activity.

    Spread:

    The spreads offered by YunShFX are not competitive. The company typically charges around 1.5 pips for EUR/USD, which is much higher than the industry average.

    Leverages:

    YunShFX offers high leverages up to 1:500. This can be appealing to traders who want to make big profits, but it also increases the risk of losses.

    Packages and Products They Offer

    YunShFX offers a variety of packages and products to its clients, including:

    • A basic account with a minimum deposit of $250
    • A standard account with a minimum deposit of $1,000
    • A premium account with a minimum deposit of $5,000

    Each package offers different features and benefits. For example, the premium account offers access to more trading instruments and higher leverages.

    Withdrawal and Deposit Method

    YunShFX offers a variety of withdrawal and deposit methods, including:

    • Credit/debit cards
    • Bank transfers
    • E-wallets

    The company claims that withdrawals are processed within 24 hours, but there have been reports of delays and problems.

    What Do Their Previous Traders Say?

    There are a number of negative reviews about YunShFX online. Former clients have complained about the company’s high fees, poor customer service, and fraudulent activities.

    Summing Up – Why Should Not You Trust YunShFX

    There are a number of reasons why you should not trust YunShFX. Here are some of the most important ones:

    • The company is not regulated by any reputable financial authority.
    • The company has a poor reputation online.
    • There have been reports of YunShFX engaging in fraudulent activities.
    • The company’s spreads are not competitive.
    • The company’s leverage is high, which increases the risk of losses.
    • The company’s withdrawal and deposit methods are not reliable.
    • There have been reports of delays and problems with withdrawals.
    • Former clients have complained about the company’s high fees, poor customer service, and fraudulent activities.

    If Bad Things Happen, Where Can You Get The Quick Solution? 

    If you have been scammed by YunShFX, your fastest solution point is our website. You can submit the case to us and we will evaluate your case to provide a free consultation. We will also recommend some recovery service companies to help you recover the lost funds.

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      Final Thoughts

      YunShFX is a scam broker that should be avoided. If you are considering trading with the company, our advice to you is to reconsider. There are many reputable brokers out there that offer better services and lower risks.

      You Can Read Our Other Scam Reviews

      Kenneth Williamson

      Kenneth Williamson

      Kenneth Williamson serves as the primary news writer at BCA, bringing his expertise in online marketing to produce high-quality industry coverage. His unwavering commitment to helping individuals and businesses succeed in the digital realm is evident in his writing. Additionally, Kenneth provides top-notch technical SEO and copywriting services to businesses of all sizes.

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