OVERVIEW
| NAME | YUNIKON FX |
| REGULATED BY | Not Regulated |
| LOCATED IN | Saint Vincent and the Grenadines |
| TRADING INSTRUMENTS | Forex, Commodities, CFDs, Cryptocurrency |
| TRADING PLATFORMS | YunikonFX Trader |
| LEVERAGE | Up to 1:1000 |
| SPREADS | As low as 0.8 pips |
| MINIMUM DEPOSIT | $50 |
| COMMISSION FEE | 0% |
| ACCOUNT TYPES | Demo Standard, Live Standard account, Live Standard account, Live ECN and Live Prime accounts, Pro Cent account |
| CUSTOMER SUPPORT | Email, Live Chat, Phone, 24/5 Multilingual Service |
REGULATED BY
Yunikon Fx is an unregulated broker. Investing in an unregulated broker, lacking oversight from any financial service authority, puts your funds at risk of loss. It is important to note that the absence of effective regulation increases the likelihood of financial losses when dealing with such a broker. This might showcase Yunikon Fx as a scammer, rather than a trustworthy broker.
RECOMMENDED FOR
YunikonFx is a relatively new broker and raises suspicion due to its non-regulation in the field of forex. Due to its ineffectiveness in providing a solid regulation, we neither suggest novice nor professional traders deal with Yunikon Fx.
PROS AND CONS
| PROS | CONS |
| Extensive range of trading instruments | Deposit and withdrawal options are limited |
| Free market trends and signals | Offers only one trading platform |
| Security of funds | Online chat is not supported |
| 24*5 trading hours | Inactivity fees charged |
| Leverage 1:1000 | Limited customer service options |
| 0% Commission fees | Not regulated by any authority |
ACCOUNT TYPES
| TYPES | STANDARD | ECN | PRIME | PRO CENT |
| ACCOUNT CURRENCIES | USD | USD | USD | USD |
| AVAILABLE LEVERAGE | 1:500 | 1:100 | 1:300 | 1:1000 |
| MINIMUM DEPOSIT | $50 | – | – | – |
| DEMO ACCOUNT | YES | YES | YES | YES |
| SWAPFREE | YES | YES | YES | YES |
| MINIMUM LOT SIZE PER TRADE | 0.01 | 0.01 | 0.01 | 0.01 |
ACCOUNT OPENING PROCESS
STEP 1: Head to the Yunikon FX website
STEP 2: Click on the “open an account” button
STEP 3: Go through the prompts and each section filling in your information
- The first section is the profile (name, last name, etc.)
- The second section is account details (username, password, etc.)
- The third section is the current address section (fill in your current address)
- The fourth section is the review and submit section
STEP 4: After submitting, you can start trading.
DEPOSIT AND WITHDRAWALS
| CRYPTOCURRENCY TRANSFER | LOCAL TRANSFER MALAYSIA | LOCAL TRANSFER VIETNAM | LOCAL TRANSFER INDONESIA | LOCAL TRANSFER THAILAND | |
| DEPOSIT CURRENCIES | Bitcoin and USDT | USD | USD | USD | USD |
| MINIMUM DEPOSIT | 10 USD | MYR 10 | VND 60,000 | IDR 50,000 | THB 100 |
| MAXIMUM DEPOSIT | MYR 50,000 | VND 300,000,000 | IDR 100,000,000 | THB 500,000 | |
| MINIMUM WITHDRAWAL | 20 USD | MYR 50 | VND 300,000 | IDR 200,000 | THB 500 |
| MAXIMUM WITHDRAWAL | MYR 50,000 | VND 300,000,000 | IDR 100,000,000 | THB 500,000 |
TRADING PLATFORMS
YUNIKON FX TRADER
- There is no need to download an app to access core functions, allowing traders to manage their positions on phones or tablets.
- Helps stay updated with the latest market movements and access technical analysis with ease by simply tapping on the mobile screen.
- Available for both Android and IOs.
TRADING INSTRUMENTS
| FOREX | COMMODITIES | CFDs | CRYPTOCURRENCY |
| Major, Minor and Exotic pairs can be traded | Precious Metals and Natural gas | Global Stock Indices- Euronext 100, S&P 500, NASDAQ, FTSE 100, DAX 30 | Various popular cryptocurrencies available |
| EUR/USD, GBP/USD, and USD/JPY | Gold, Silver, Crude oil, and Natural gas | Individual stocks – Apple, Google, and Amazon | Bitcoin, Ethereum, Litecoin |
RELIABILITY AND SECURITY
The trustworthiness of Yunikon FXcomes is into question, given its status as an unregulated broker operating outside the purview of any governing authority. This lack of oversight raises notable concerns about the company.
Key apprehensions revolve around the company’s opacity, heavy reliance on funds from new investors, and the absence of verifiable evidence of live chat. These factors undermine the legitimacy of Yunikon FX as a viable investment opportunity. Caution must be exercised when contemplating involvement with such entities, as the potential risks far outweigh any potential rewards.
USER EXPERIENCE
Signing up on the platform is a hassle-free and uncomplicated process, thanks to its user-friendly interface tailored to accommodate users with diverse levels of trading expertise. The intuitive design ensures that even individuals with limited trading knowledge can navigate the registration procedure effortlessly.
Accessing a range of trading-related services is made convenient through the top bar, which grants users quick and easy access to these features.
CUSTOMER SUPPORT
Email: [email protected]
24/5 GMT
CONCLUSION
Yunikon FX is a forex broker that caters to clients seeking trading services across various markets. The broker offers a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies. With a user-friendly trading platform, competitive spreads, and leverage options, Yunikon FX strives to accommodate both novice and seasoned traders. To cater to different trading preferences, the broker also provides a selection of account types.
It is worth noting that Yunikon FX is registered in St. Vincent and the Grenadines, a jurisdiction with a comparatively less stringent regulatory framework. This aspect may raise concerns regarding investor protection and the overall reliability of the broker. Furthermore, there is limited available information about the broker’s background and specific trading conditions, which may pose challenges for potential clients in making well-informed decisions.
FAQs
YuniconFx was founded in which year?
YuniconFx was founded in the year 2020.
How can a member login in YuniconFx?
Five easy way to Login are as follow-
- Connect a Device to the Internet. To trade forex, one will need access to a dependable Internet connection with minimum service interruptions to trade through an online broker.
- Find a Suitable Online Forex Broker.
- Open and Fund a Trading Account.
- gain a Forex Trading Platform.
- Start Trading.
Is Forex halal in Indonesia?
Yes, forex is halal in Indonesia. When we choose Forex trading halal, it means that we’re trading abides by Islamic laws. So if we take a closer look, halal trading starts with the dealers themselves. By letting rapacity and desire for quick and easy gains settle in their hearts, dealers might be caught in a situation when Forex starts to be anon-halal exertion for all.
What is the maximum deposit needed in Yunikon Fx Malaysia?
The maximum deposit needed in Yunikon Fx Malaysia is MYR 50,000.
What’s the minimum withdrawal requirement in Malaysia and Indonesia in YunikonFx?
The minimal deposit withdrawal in Malaysia and Indonesia is MYR 50 for Malaysia and IDR 200,000 for Indonesia.
Beware of these scam artists! It took me a lot of time to recover my lost funds from this fraudulent site. Seek assistance from the experts to ensure reimbursement and protect yourself from their deceptive practices.
Avoid this broker as they took an excessively long time for withdrawal completion. Suspicious behavior hints at potential scamming. If you still have funds, urgently withdraw everything to protect yourself from potential losses.
Withdrawal process was challenging, making me hesitant to trust this platform. However, upon discovering the refund process through Google search, I regained my assets. Their expertise made it possible. Trustworthy and efficient.
Yunikon FX is a very good broker in order to provide customer services. Withdrawal profit to the bank and withdrawal with USDT to my wallet address.
After a promising start, YunikonFx has been holding my withdrawal process for almost a month now. I fear they will eventually abscond with all the deposited funds. Proceed with caution when considering this platform.
I registered with YunikonFx six months ago, and initially, everything seemed fine. However, for the past month, my withdrawal process has been pending.
I had to seek help from 0112 to recover my money from these fraudsters. They are absolute scam artists. Beware and don’t fall into their deceptive trap. Seek assistance if you’ve been a victim of the same.
Yunikon FX is a very good broker in order to provide customer services. Withdrawal profit to the bank and withdrawal with USDT to my wallet address.
Withdrawal process was challenging, making me hesitant to trust this platform. However, upon discovering the refund process through Google search, I regained my assets. Their expertise made it possible. Trustworthy and efficient.
I registered with YunikonFx six months ago, and initially, everything seemed fine. However, for the past month, my withdrawal process has been pending.
Beware of these scam artists! It took me a lot of time to recover my lost funds from this fraudulent site. Seek assistance from the experts to ensure reimbursement and protect yourself from their deceptive practices.
Avoid this broker as they took an excessively long time for withdrawal completion. Suspicious behavior hints at potential scamming. If you still have funds, urgently withdraw everything to protect yourself from potential losses.
After a promising start, YunikonFx has been holding my withdrawal process for almost a month now. I fear they will eventually abscond with all the deposited funds. Proceed with caution when considering this platform.
I had to seek help from 0112 to recover my money from these fraudsters. They are absolute scam artists. Beware and don’t fall into their deceptive trap. Seek assistance if you’ve been a victim of the same.