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YJ-FX

New Zealand|Scam Brokers|
5-10 years|Suspicious Regulatory License|Counterfeit MT4/5|Regional Brokers|Suspicious Overrun|High potential risk|

http://www.yj-fx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Counterfeit

3
Server Name
Live-YUJIA Demo MT4
Server Location United States

Contact

852 6481 4808
service@yj-fx.com
http://www.yj-fx.com/

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

852 6481 4808

Broker Information

More

Company Name

Yujia Financial International Limited

Company Abbreviation

YJ-FX

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-03-04
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

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YJ-FX · Company Summary

General Information

Yujia Financial International Limited, a registered company, was launched on 06 Jun 2003 in New Zealand. 9429035943990 is the business number it was issued. Registered Address: Level 5, 187 Queen Street, Auckland City, Auckland 1010, NZ. However, the dissolution date of this company was on 15 January 2021, which means this company no longer exists.

Products & Services

The business line of Yujia Financial International Limited covers several segments including forex trading, indices trading, stock trading, mutual funds, options, as well as some investment advisory services.

Risk Warning

Yujia Financial International Limited is running a Ponzi scheme, which means that it is not investing, it is not trading financial markets, it is just collecting money from people and giving it to others. Newer deposits are used to pay out older profits. That‘s how Ponzi schemes operate. Ponzi schemes always crash in the end because they always run out of money, since the whole concept is an unsustainable scam. Don’t even think about participating in such an illegal scheme. First, it could crash right after your deposit, and you would lose everything. Second, even if you manage to pull out some profits out of Yujia Financial International Limited, it will be money that somebody else had to lose in that scam.

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