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Yun Shang Hui Xin Limited -

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The WikiFX Score of this broker is reduced because of too many complaints!

Yun Shang Hui Xin Limited

Item: Yun Shang Hui Xin Limited
Rating: 1.21

United States|1-2 years|

https://yswoldfx.com/en

Website

Open Account Time Machine

Rating Index

Contact

support@yswoldfx.com

https://yswoldfx.com/en

399 Park Avenue, New York City, New York, USA

The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

NFA Unauthorized

United States Common fin.

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Broker Information

Company Name

Yun Shang Hui Xin Limited

Company Abbreviation

Yun Shang Hui Xin Limited

Platform registered country and region

United States

Company website

https://yswoldfx.com/en

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5

Previous Detection : 2024-04-27

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

United StatesNFA (license number: 0549683) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

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Exposure

5 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Real fraud, fake conversion, no money withdrawal

Yun Shang Hui Xin Limited and VLCTrade-Server are two companies that work together. Money can be transferred back and forth without withdrawal, so don’t be fooled.

pei676

2023-09-18 16:09

Unable to Withdraw

Seek aid, this platform isn’t reliable

Yun Shang Hui Ltd claims to be headquartered in New York and have a global reach with branches in key financial hubs. However this broker doesn't provide any details about its regulatory status, which is a clear indication of an unlicensed broker, as legitimate ones always prominently display their accreditation and licenses.

FX6845073

2023-09-25 00:29

Unable to Withdraw

frozen account, unable to withdraw, online serdown

I am a victim of romance scam name Sherlee/ Shirley in english name, Yang Li in chinese name ，thru investimg money with the trading broker name, YSHX- YUN SHANG HUI XIN LIMITED, website: https://www.yunshfex.com/en/platformplatform. The broker-YSHX frozen my account worth $82,872.50 and I am unable to withdraw money. YSHX online service rejected my withdrawal and service down because they said I did not complete the 50% of the require platform mechanism which I do not understand. YSHX said that to withdraw my funds anytime I must deposit the $41,440 to my account before August 10, 2023, if not according to them the FBI will involve, and my account said triggered the AML law. All I want is to withdraw my wired money thru my bank worth $25000. I have all the evidence with the lady name Sherlee thru whatsapp with pictures, video and voice clip and the broker documents online service with all the transactions. Please help me to recover my funds.

Myko

2023-08-29 15:17

Unable to Withdraw

unable to withdraw

To YUN SHANG HUI XIN LIMITED Dear , My account is 730007. The old account is 308134 of Titan markets limited. Now Titan company is merged with Yun Shang Hui Xin Limited company. I trade in MT5 and I deposit total money is 1408 $and tax of 566 $. I make profit and now total amount is 2831 $. Once I withdraw 110 $ to check my withdrawal account. that time they asked me to deposit 500$ as a security deposit. I deposit that too, and it’s added in my balance. The CS asked me to deposit tax of 566 $ while I fill withdraw form of my total 2800$ . After deposit the tax CS say you trade many times in a single day and you are using illegal software for trade and making profit. While I am using MT5 for trade. They must be have all my trading data. And after CS asking me to deposit more 500$ for inspection. CS say company will inspect your trade and data for trading many times in a single day. When I say CS I will not deposit more 500 , CS says our company will approve your withdrawal after verification of your account. While this is not a rules in trading to trade limited times. They are doing cheating with me for not giving my withdrawal. Now I am waiting for withdrawal and they are not responding me.

Abwa

2023-06-08 17:40

Scam

IG socializing/funds being transferred/scammers customize scripts with different personalities to friend you/be rational, calm, and cautious/this article only provides a brief overview.

Recently, I got to know a Hong Kong guy on Instagram. He messaged me first, and at first, I thought he might be a fake account. However, after chatting with him, I felt that he was genuinely interested in me. He remembered everything I said, and of course, I remembered everything he said. To verify his authenticity, I analyzed his words and found no flaws or contradictions. I thought he was a genuine person. We quickly developed into a romantic relationship, and he said he would come to see me in September. He told me where he lived, so I trusted him completely and fell for his sweet words and gestures. Later, he mentioned that he supports his physical store through investments in gold. He portrayed himself as a kind-hearted boss and mentioned that even during the recent pandemic, his store was losing money but supporting many people. He said he used investment in gold to cover the losses and suggested that I should also benefit from his knowledge of the market to save money. Initially, I was cautious and declined his offer, saying I didn't want to get involved in things I didn't understand. I believed that being happy didn't necessarily require having a lot of money. However, he emotionally manipulated me by claiming that I didn't trust him, leading to arguments. Eventually, he would call me to calm me down, and I would soften my stance. I initially invested 15,000 TWD (New Taiwan Dollar) and actually made some profits, which I could withdraw. This made me trust him a bit more. However, he soon asked me to invest 50,000 USD. I told him I didn't have that much money,so he suggested me apply for a loan to cover 20,000 USD, and he would provide the remaining $30,000 USD. I found this request strange but didn't want to doubt him. I kept postponing the loan application, and he started expressing disappointment and annoyance, saying that I didn't need to worry about repaying the loan because the initial investment would almost cover it with just two market movements. I explained that it wasn't about trust but rather my lack of understanding regarding handling such matters. I wanted to focus on what I could do within my capabilities. He assured me that nothing bad would happen, and he would be there for me if it did. Once again, I fell into his emotional manipulation. I eventually invested approximately 500,000 TWD, and on the day of the deposit, he asked me to participate in a "build a position" activity to maximize profits. I told him I didn't have any money, but he said he would figure something out. So, we proceeded with the activity. Next month, I have to repay the loan, so I asked him when I could withdraw the money. He said I could do it before the end of the month, once the activity was completed. Recently, I asked him when I could repay the loan, and he reassured me by saying he would handle it. However, after reading several articles, I realized that I had been scammed. When I tried to withdraw funds from the platform, they refused, claiming that I hadn't completed the "build a position" activity. I found their excuses unreasonable because there were no rules specified for that activity initially. Additionally, the platform had been able to withdraw funds on my behalf before, so why couldn't I do it now? They stopped responding after I questioned them further. Upon reflecting on the situation, I noticed some suspicious aspects: I had video calls with him twice, but he never spoke. He claimed to be shy when seeing me, but I believe those were pre-recorded videos (stolen). The photos he sent me can be found online except for one, which had very low resolution. You can check the resolution on your smartphone, and use Google Images, PimEyes, or consult anti-fraud groups to verify the photos. He mentioned the YSHX trading platform, which could be found on Google, true, but the two website URLs he provided me were different. How did he happen to have URLs? Regarding the "build a position" activity, there were abnormal records of deposits and withdrawals in my account, even though I hadn't made any myself. The first URL he sent me (now blocked by the government): https://yshxwold.com/ The second URL he sent me: http://yshxword.com/ At first, I didn't want to expose this situation as I believed I wouldn't be able to recover the money. However, I realized that many people might be like me, unfamiliar with these scams, believing in the goodness of human nature and not questioning or verifying things in unfamiliar areas before acting impulsively. Some may think this is just a lame story and think it's made-up. I used to on that side too, but this is just a small part of the iceberg. The whole story was more complicated, even some words had my guards up, these scammers are skillful and sensitive. And they were gentle when lying to you. I believe scammers are despicable, but the organizations behind them are even more malicious, brainwashing these scammers and exploiting trust between people. They take advantage of impulsive actions without careful consideration. Even if you think you're rational and clever enough, they customize scripts that can disarm your defenses through their customized scripts.

6820

2023-07-18 13:43

Yun Shang Hui Xin Limited · Company Summary

Aspect	Information
Registered Country/Area	United States
Founded Year	Within 1 year
Company Name	Yun Shang Hui Xin Limited
Regulation	Unauthorized by the United States National Futures Association (NFA)
Minimum Deposit	$100
Maximum Leverage	1:1 to 1:100
Spreads	Varying, starting from 0.0 pips
Trading Platforms	MetaTrader 5, MT5 Mobile Phone Version, Apple MT5 Client, Android MT5 Client
Tradable Assets	Forex (62 currency pairs), Metal (gold and silver), BTC (Bitcoin) and other virtual currencies, Stock Indexes, Crude Oil
Account Types	Not specified
Demo Account	Not specified
Islamic Account	Not specified
Customer Support	Email: support@yswoldfx.com
Payment Methods	Multiple payment options (not specified)
Educational Tools	News, Calendar (economic events)

Overview of Yun Shang Hui Xin Limited

Yun Shang Hui Xin Limited is an unauthorized and unregulated company operating in the United States. The absence of valid regulation from the National Futures Association (NFA) raises concerns about compliance with necessary regulations and poses a risk to potential clients and traders. Additionally, the company does not provide a trading software, which could impact the overall trading experience.

Despite these limitations, Yun Shang Hui Xin Limited offers a range of market instruments for trading. Traders can engage in forex trading with 62 currency pairs, participate in metal trading with gold and silver against the US Dollar, and explore opportunities in popular virtual currencies like Bitcoin and Ethereum. The company also grants access to major international stock indexes and crude oil trading, providing potential opportunities in the energy market.

Investors have the option to utilize leverage ranging from 1:1 to 1:100, which amplifies their trading positions and potential gains or losses. The company offers varying spreads for different currency pairs, starting from 0.0 pips. Traders can open an account with a minimum deposit requirement of $100 and have access to multiple payment options for deposits and withdrawals.

It is important to note that there have been complaints about Yun Shang Hui Xin Limited's withdrawal processing and additional deposit requirements for security and tax purposes. Therefore, traders should exercise caution and carefully consider the risks associated with trading through this unregulated company.

Pros and Cons

Yun Shang Hui Xin Limited offers several advantages for traders, including access to basic market instruments, leverage of up to 1:100, and the widely used MetaTrader 5 trading platform. Additionally, the availability of mobile versions of the platform and tools for staying informed through news and calendar updates are beneficial. However, there are several notable drawbacks. Firstly, the company lacks valid regulation from the US NFA, which may raise concerns about the security and reliability of the services. Additionally, there is no information provided about account types and payment methods, which can make it difficult for potential clients to assess the suitability of the platform. The lack of transparency and compliance with necessary regulations is another concern. Furthermore, the absence of educational resources, limited information on deposit and withdrawal processes, and reported lack of responsiveness from customer support are factors that may negatively impact the overall user experience.

Pros	Cons
Access to basic market instruments	Lack of valid regulation from the US NFA
Leverage up to 1:100	No information about account types
MetaTrader 5 trading platform	No information about payment methods
Mobile versions of MetaTrader 5 platform	Lack of transparency and compliance with necessary regulations
Spreads from 0.0 pips	No educational resources provided
Trader 5 trading platform	Limited information on deposit and withdraw
News and calendar tools for staying informed	Lack of response from customer support

Is Yun Shang Hui Xin Limited Legit？

Yun Shang Hui Xin Limited is currently operating without valid regulation from the United States National Futures Association (NFA). Its regulatory status is categorized as unauthorized, indicating that the company is not compliant with the necessary regulations. This lack of regulation poses a significant risk to potential clients and traders. Moreover, the broker surpasses the business scope regulated by the NFA, further emphasizing the need for caution. Additionally, it is worth noting that the broker does not have a trading software, which could also impact the trading experience.

Market Instruments

1. Forex:

Yun Shang Hui Xin Limited offers a wide range of forex trading opportunities, allowing traders to engage in the speculation of 62 currency pairs. With the provision of ultra-low spreads and fast execution, clients can take advantage of potential price movements and participate in the global foreign exchange market.

2. Metal:

Traders can also explore metal trading options with Yun Shang Hui Xin Limited. Specifically, they can speculate on the price movements of gold and silver against the US Dollar (USD). This allows diversification of trading portfolios and potential profit generation based on the fluctuating values of these precious metals.

3. BTC:

Yun Shang Hui Xin Limited provides access to mainstream virtual currencies, including BTC (Bitcoin), ETH (Ethereum), BCH (Bitcoin Cash), ETC (Ethereum Classic), DASH, and more. Clients can engage in trading activities involving these popular digital currencies, potentially benefiting from their market movements.

4. Stock Indexes and Crude Oil:

In addition to forex and metal trading, Yun Shang Hui Xin Limited grants access to major international stock indexes and crude oil trading. Traders can explore opportunities related to renowned stock indices, such as the S&P 500, Nasdaq 100, Dow 30, Nikkei 225, DAX Index, and FTSE 100. Furthermore, the broker allows participation in crude oil trading, without fees, re-quotes, or hidden markups, providing potential opportunities in the energy market.

Pros	Cons
Wide range of forex trading opportunities with 62 currency pairs	Limited types of instruments
Diversification options through metal trading (gold and silver)	Limited transparency regarding trading conditions and execution quality
Access to popular virtual currencies like Bitcoin, Ethereum, and more

How to Open an Account？

To open an account with Yun Shang Hui Xin Limited, follow these steps:

Click on the “Open real account” option or similar button for quick registration.
Fill in your personal information, including your name, email address, mobile number (with country code), password, and confirmation of the password.
Select your country, state, city, and gender from the provided options.
Enter your detailed address in the corresponding field.
If you have received an invitation, enter the invitation code.
Complete the captcha verification by entering the provided code.
Upload a scanned copy or photo of the front side of your ID card in either JPG or PNG format.
Similarly, upload a scanned copy or photo of the reverse side of your ID card in JPG or PNG format, keeping it within the file size limit.
Double-check all the information you have provided.
Click on the “Sign up” or similar button to complete the account opening process.

Leverage

Yun Shang Hui Xin Limited offers leverage options to its investors. When opening an investment account, investors have the opportunity to trade various investment products with leverage ranging from 1:1 to 1:100. The leverage feature allows investors to amplify their trading positions, potentially increasing their potential gains or losses.

Spreads

Yun Shang Hui Xin Limited offers varying spreads for different currency pairs. The spread values are provided in the form of bid-ask prices. The specific numbers represent the differences between the bid price (the price at which traders sell) and the ask price (the price at which traders buy). The spreads presented in the provided data start from 0.0 pips, depending on the currency pair being traded. Please note that these values are subject to change and may fluctuate based on market conditions.

Minimum Deposit

Yun Shang Hui Xin Limited offers a minimum deposit requirement of $100 for clients who wish to start investment transactions. This minimum deposit amount allows individuals to begin trading with a relatively low initial investment.

Deposit & Withdrawal

Yun Shang Hui Xin Limited separates client funds from its operating funds by placing them in different bank accounts. The company also offers multiple payment options, including instant deposits and fast processing of payout requests.

Pros and Cons

Pros	Cons
Fast processing of payout requests	Lack of information on specific payment options
Instant deposits for quick account funding	Limited transparency on withdrawal processing
	Reports of difficulties with withdrawal processing

Trading Platforms

METATRADER 5:

Yun Shang Hui Xin Limited offers the popular trading platform, MetaTrader 5 (MT5). MT5 is known for its real-time trading capabilities and detailed dynamic quotation analysis. Traders can utilize technical indicators and employ smart trading systems. The platform is widely used and supports various trading strategies, including trading, futures, crude oil terminals, and contracts for differences. It is available for both PC and mobile devices, enabling traders to access their accounts and execute transactions from anywhere.

MT5 MOBILE PHONE VERSION:

Yun Shang Hui Xin Limited provides a mobile version of the MT5 trading platform, allowing users to access their accounts through mobile devices such as iPhones, iPads, Android phones, and tablets. The mobile platform offers incomparable execution speed, enabling traders to access their accounts and instantly complete transactions on the go. iPhone users can download the MT5 client from the iTunes store, while Android users can download the mobile client from the Google Play store or scan the QR code for installation.

Apple MT5:

Yun Shang Hui Xin Limited offers an Apple MT5 client, allowing iPhone users to enjoy stable and ultra-fast foreign exchange transactions. The MetaQuotes mobile client can be downloaded from the iTunes store, and users can easily install it by scanning the provided QR code.

Android MT5:

For Android phone users, Yun Shang Hui Xin Limited provides an Android MT5 client, offering fast and secure mobile forex trading. Traders can download the mobile client from the Google Play store or, for Chinese users, by scanning the provided QR code. This enables access to the MT5 trading account, empowering users to trade anytime and anywhere.

Pros	Cons
Provides MetaTrader 5 (MT5)	No information about advanced features or customization options
Real-time trading capabilities and concise interface	Limited information on the availability of technical indicators and smart trading systems
Availability of MT5 on both PC and mobile devices, allowing traders to access their accounts from anywhere	Lack of transparency regarding the platform's stability and reliability

Trading Tools

1. NEWS:

Yun Shang Hui Xin Limited provides news-related trading tools to its clients. These tools offer access to the latest market news and updates, allowing traders to stay informed about global economic events and factors that may impact their trading decisions. By providing news resources, the company helps provide traders with relevant information that can help them make informed trading choices.

2. CALENDAR:

Yun Shang Hui Xin Limited offers a calendar feature as part of its trading tools. This calendar includes important economic events, such as central bank meetings, economic indicators, and key announcements. By utilizing the calendar, traders can track upcoming events and plan their trading strategies accordingly. The calendar feature assists traders in staying aware of significant market events and their potential impact on the financial markets.

Customer Support

Yun Shang Hui Xin Limited offers customer support through email at support@yswoldfx.com and has a physical address located at 16th Floor, Citigroup Centre, Sydney NSW 2000, Australia for problem consulting.

Reviews

According to a review on WikiFX, there have been complaints about Yun Shang Hui Xin Limited's inability to process withdrawals. One user mentioned that they were asked to deposit additional funds as a security deposit and tax payment before their withdrawal could be approved. The user also expressed frustration with the company accusing them of using illegal software and requesting further deposits for inspection. The user stated that they are still waiting for their withdrawal and have experienced a lack of response from the company.

Conclusion

In conclusion, Yun Shang Hui Xin Limited operates without valid regulation from the United States National Futures Association (NFA), indicating non-compliance with necessary regulations and posing a significant risk to potential clients and traders. The broker's lack of trading software may also impact the overall trading experience. On the positive side, the company offers a wide range of trading opportunities, including forex, metals, BTC, stock indexes, and crude oil. It allows leverage options, provides varying spreads, and has a minimum deposit requirement of $100. However, there have been complaints regarding withdrawal processing and additional deposit requests for security and tax purposes, indicating potential issues with the company's practices. It is advisable to exercise caution and carefully consider the risks before engaging with Yun Shang Hui Xin Limited.

FAQs

Q: Is Yun Shang Hui Xin Limited regulated？

A: Yun Shang Hui Xin Limited lacks valid regulation from the United States National Futures Association (NFA) and operates without authorization.

Q: What market instruments can I trade with Yun Shang Hui Xin Limited？

A: Yun Shang Hui Xin Limited offers forex trading, metal trading (gold and silver), BTC (Bitcoin) trading, stock index trading, and crude oil trading.

Q: How can I open an account with Yun Shang Hui Xin Limited？

A: To open an account, click on the “Open real account” option, provide personal information, upload ID card copies, and complete the registration process.

Q: What leverage options does Yun Shang Hui Xin Limited offer？

A: Yun Shang Hui Xin Limited provides leverage ranging from 1:1 to 1:100 for trading various investment products.

Q: What is the minimum deposit required by Yun Shang Hui Xin Limited？

A: The minimum deposit requirement is $100 to start investment transactions with Yun Shang Hui Xin Limited.

Q: What trading platforms are available with Yun Shang Hui Xin Limited？

A: Yun Shang Hui Xin Limited offers the MetaTrader 5 (MT5) platform for both PC and mobile devices.

Q: How can I contact customer support at Yun Shang Hui Xin Limited？

A: You can reach customer support at support@yswoldfx.com or visit their physical address in Sydney, Australia.

Q: Are there any complaints or issues with Yun Shang Hui Xin Limited？

A: There have been complaints about withdrawal processing and additional fund requests for security deposit and tax payments.

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Sam Gordon

more than one year

Yun Shang Hui Xin's lack of clarity made this process feel like a shot in the dark. It's like shopping for clothes with no price tags - you have no idea what you're getting into until it's too late. That's exactly what it felt like dealing with Yun Shang Hui Xin. Just as you'd want to know the prices of the clothes you're buying, you'd want to understand the account types and their associated features when choosing a broker. But with Yun Shang Hui Xin, it was like shopping for a forex account without any price tags – a risky endeavor where you only discover the costs when it's too late.

2023-10-12 16:26

FX1519754694

more than one year

Yun Shang Hui Xin doesn't even have a proper license to operate. They're like a ship sailing in stormy seas without a captain. It's a risky business, stay away from it.