SHUN YUEN

Note: SHUN YUENs official site - https://shunyuenltd.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is SHUN YUEN？

SHUN YUEN is an Australia-based global brokerage firm who offers CFDs on Currency Pairs, Cryptocurrencies, Precious metals, Commodities as its market instruments to traders. However, it is important to note SHUN YUEN currently has a revoked ASIC (Australia Securities & Investment Commission) license with number 001294993 which raises concerns when trading.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

SHUN YUEN offers several advantages including a wide range of trading instruments over different asset classes, utilization of MT4 trading platforms, and low starting spreads, these factors cater to diverse trader needs and interests.

However, the revocation of its ASIC license, a problematic website functionality, combined with a lack of operational transparency, and limited customer support channels are substantial drawbacks. These challenges could potentially compromise the user experience and may cause trust issues among potential clients.

Is SHUN YUEN Safe or Scam？

When considering the safety of a brokerage like SHUN YUEN or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

• Regulatory sight: Its ASIC (Australia Securities & Investment Commission) license no. 001294993 is revoked, whichindicates that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

• User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the brokerage. Look for reviews on reputable websites and forums.

• Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with SHUN YUEN is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

SHUN YUEN presents a diverse range of market instruments catering to varying trading preferences.

For those intrigued by the financial markets' dynamism, the platform provides the opportunity to trade CFDs on Currency Pairs, offering exposure to global currencies. It further satisfies the appetite of those on the lookout for modern digital assets through Cryptocurrencies.

Precious metals trading options are provided for those who turn to these traditional safe havens during volatile market conditions. Moreover, opportunities to invest in a variety of Commodities are also offered.

Overall, the comprehensive instrument offerings by the broker presents a prospect for traders to embrace diversification in their investment journeys.

Leverage

SHUN YUEN offers its clients leverages up to 1:500. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller amount of capital. With a leverage ratio of 1:500, clients have the potential to amplify their trading positions substantially, thus increasing the potential for both profits and losses.

While higher leverage can enhance trading opportunities, it also comes with increased risk, as market fluctuations can have a more significant impact on account balances. Traders are advised to approach leveraged trading with a thorough understanding of the associated risks and to implement risk management strategies diligently.

Spreads & Commissions

SHUN YUEN asserts that it provides its clients with variable spreads, boasting rates as low as 0.0 pips on major pairs. This suggests that the platform is potentially competitive in its pricing.

However, it's worth noting that there is no available information concerning commissions. This lack of transparency raises some concern as, in many cases, low spreads might be supplemented with additional trading costs in the form of commissions. Potential investors should seek clarification on this matter to fully understand the cost structure before engaging in trading activities with SHUN YUEN.

Trading Platforms

SHUN YUEN provides its clients with the globally renowned trading platform - MetaTrader 4 (MT4), ensuring accessibility from any device and enabling trading at any time and from anywhere.

The appeal of MT4 lies in its diverse offering of technical indicators, providing a well-rounded experience for traders. It offers various options for studying and analyzing the financial markets, significantly enhancing decision-making tools for its users.

Moreover, it supports the operation of trading bots like EA, further giving traders the advantage of automation. By blending flexibility, a powerful analytical suite, and automation capabilities, the platform caters to traders' varying needs, regardless of their location or time constraints.

Customer Service

SHUN YUEN's customer support is limited to email and postal correspondence. Though ensuring structured communication, it may restrict real-time assistance and could potentially extend response times.

Email: SUPPORT@SHUNYUENLTD.COM.

Address: 15F, BLOCK B,103 566 ST KILDA RD MELBOURNE VIC 3004.

Conclusion

According to available information online, SHUN YUEN is an Australia-based brokerage firm who offers CFDs on Currency Pairs, Cryptocurrencies, Precious metals, Commodities as market instruments to traders.

However, the fact that its ASIC revoked regulatory status is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct.

Additionally, an unfunctional website indicates a lack of professionalism and attention to details, which further erodes confidence in the company's ability to provide reliable and efficient services.

As such, individuals considering SHUN YUEN as their brokerage firm should exercise extreme and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.