|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|
|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|
WHAT IS YUNIKONFX?
YunikonFx is an online CFD brokerage company with 5 years in the market but still lacks proper regulation from any stringent authority. Contrary to some broker review sites speculating that YunikonFX may possess a license from the National Futures Association (NFA), it’s essential to highlight that there are reports from other review sources suggesting that the company lacks a verifiable license.
The question of licensure holds significant importance as it directly relates to the credibility and reliability of the broker.
The broker offers four types of accounts and also entices customers with affiliate programs and promotions to ask their customers to add more people. The broker works like an MLM company, which shouts RED FLAGS!!
IS YUNIKONFX REGULATED BROKER?
YunikonFx 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 YunikonFx as a scammer, rather than a trustworthy broker.
WHO WE 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 YunikonFx.
PROS AND CONS OF YUNIKONFX
|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 OF YUNIKONFX
|MINIMUM LOT SIZE PER TRADE||0.01||0.01||0.01||0.01|
ACCOUNT OPENING PROCESS OF YUNIKONFX
STEP 1: Head to the YunikonFX 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.
SIGN IN ON YUNIKONFX
Clicking Sign In on the YunikonFX website does not take you anywhere and makes you stay on the home page.
This is a website glitch traders and we, as a reviewing team, faced. The broker should look into the matter and solve it as soon as possible.
DEPOSIT AND WITHDRAWALS OF YUNIKONFX
If you are located in Malaysia, Vietnam, Indonesia, or Thailand, YunikonFX offers various methods for depositing funds, including local bank transfers. Alternatively, users also have the option to use cryptocurrency transfers.
It’s worth noting that cryptocurrency transfers are the only option for individuals outside of the mentioned regions for depositing funds into a YunikonFX account. Please be aware that details may change, and for the most up-to-date information, it is recommended to visit the official YunikonFX website or contact their customer support.
|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|
NEGATIVE BALANCE PROTECTION
When you visit the YunikonFX support page and review their terms and conditions, you will find that this broker does not provide negative balance protection. YunikonFX explicitly outlines in its terms and conditions that the client bears responsibility for any negative balance in their account.
The broker also asserts the right to pursue legal actions to recover the negative amount.
TRADING PLATFORMS OF YUNIKONFX
- 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.
YUNIKON FX METATRADER4
- Explore a diverse range of over 1000 instruments, including Forex, CFDs, and Futures.
- Seamless access through a single login across 8 platforms.
- Ultra-low spreads starting at 0.1 pips for cost-effective trading.
- Power of complete EA (Expert Advisor) functionality for automated trading strategies.
- Execute trades effortlessly with the convenience of 1-click trading.
- Leverage advanced technical analysis tools, boasting 50 indicators and various charting options.
How To Install Yunikon MT4?
STEP 1: Download the terminal through the provided link, a (.exe file).
STEP 2: Execute the yunikonfinancial4setup.exe file once the download is complete.
STEP 3: The login window will appear upon launching the program for the initial time.
STEP 4: Input your login credentials for either your real or demo account.
How to Uninstall Yunikon MT4?
STEP 1: Start the uninstallation process by clicking Start → All Programs → YunikonFX MT4 → Uninstall.
STEP 2: Follow the on-screen instructions until the Uninstall process is complete.
STEP 3: Go to My Computer, select Drive C or your root drive (where the operating system is installed), click Program Files, and find the YunikonFX MT4 folder. Delete the folder.
STEP 4: Restart your computer to finalise the uninstallation.
YUNIKON MT4 Mobile Application
Yunikon offers MT4 on mobile applications as well, you can download it on both Android and iOS devices.
TRADING INSTRUMENTS OF YUNIKONFX
|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 YunikonFX comes 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 YunikonFX as a viable investment opportunity. Caution must be exercised when contemplating involvement with such entities, as the potential risks far outweigh any potential rewards.
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.
YunikonFX provides three main channels for customer communication, as outlined on their website, and these support services are accessible 24/5. A notable feature of the YunikonFX live chat support is its multilingual assistance, allowing customers to interact with support agents in three languages:
Live Chat Working Hours: 24/5 GMT
Email: [email protected]
Address : Beachmont Business Centre,
348, Kingstown, Saint Vincent and the Grenadines
YunikonFX 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, YunikonFX 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 YunikonFX 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.
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 YunikonFx Malaysia?
The maximum deposit needed in YunikonFx 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.