Global Forex Broker Regulatory Inquiry APP

Score

1.28 /10
Danger

Yum

Hong Kong

1-2 years

Regulated in United States

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

United States Common Financial Service License Unauthorized

Suspicious Overrun

High potential risk

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

License Index 0.00
Business Index 5.24
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Yum Group Global Ltd

Company Abbreviation

Yum

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2023-05-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0545142) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Yum · Company summary

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.

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Market Instruments

YUM Group Global Limited offers its clients a bulk of more than 100 trading instruments, including currency pairs, metals, index and oil are all available through the brokerage platform. Besides, the contract is priced in the USD currency, and the corresponding USD is used as the margin.

The liquidity time of this broker: Precious metal: summer time: 5:00 am-6:00 am every day; Winter Time: 6:00 am-7:00 am every day. There is no settlement time for other fores

Account Types

YUM Group Global Limited give its clients the choice between STP and ECN trading accounts which offers floating and fixed spread respectively. However, the minimum initial requirement for each accounts is not disclosed. Please keep in mind that most forex brokers require an average amount of $100 for traders to have a try on their platform without risking too much money at first.

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 Group Global Limited says it offers extremely competitive spreads, as low as 0.01 pips. Spreads are used by many forex brokers in today's market to compute the total cost of trading; as a result, brokerages that offer competitive spreads have significant client demand.

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.

Trading

Deposit & Withdrawal

Concerning deposit and withdrawal, YUM Group Global Limited keep this part as a secret. Some common and popular payment options supported by most forex brokers include Wire Transfer, MasterCard, VISA, Maestro, as well as a series of e-wallet processors like Skrill, Neteller, PayPal, and more. Fast Withdrawal is one of an essential factors to decide whether a forex broker is reliable or not.

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.

Customer

User Reviews

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FX1236743870
more than one year
Don't fall for the lies of this scam brokerage, they are dubious scammers posing as professional brokers. The company is unlicensed and unfit to manage the investments of anyone.
2023-02-17 13:53
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FX1102126066
more than one year
Omg, I saw someone say that this platform is a liar, it used to be called zoro, and now it's called yum... is this true? It's terrible, I dare not invest here. Where should I invest?
2022-12-07 10:32
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