YUM Forex Review: Yum-forex.com a Horrible Scam

YUM Forex is a company claiming it utilizes the latest technology to trade. Therefore, they can yield high outcomes. Investors can use advanced tools to trade various products. The entity has over 100 products and the popular MT4. Their spreads are tight and can go up to zero pips. 

The main question to ask yourself is if this website is genuine. After a thorough analysis, we found many loopholes. We do not recommend the scheme as you could lose your savings. The main red flag is the company operates independently. There is nobody that oversees their activities.

YUM Forex nonetheless states it provides an unparalleled trading environment. Investors can diversify their risk by trading in as many products as possible. There are 6 asset classes: commodities, metals, futures, stocks, and indices. Clients have the liberty to choose whichever account pleases them.

The broker is not taking investors’ funds and data security seriously. You can end up losing essential information to con artists and other criminals. The scheme does not reveal its banking information. This is because they are not working with one, and your money can be used for selfish gains.

Yum-forex.com Review

YUM Forex is a platform purporting to be from the United Kingdom. The parent company is YUM Group Global Limited. The main objective of the broker is to maximize their clients’ potential. Customers can enjoy the competitive spreads, have a rich product portfolio, and excel in their activities. 

We do not see anyone who has earned using their services. The scheme is also anonymous. They are using false information to trap more victims. Investment is something that should not be taken lightly. The people behind the entity can choose to close down the website. If this happens, victims will be left counting their losses without anyone to help.

YUM Forex is an offshore firm that only God knows where these con artists are operating from. They are using an ideal marketing strategy to exploit customers. If you come across adverts promising huge returns, you better look the other way.

Here is a list of some of the best forex trading schemes. These are brokers with the sound team. They also have educational materials which you can use to improve your skills. The entities have been in the market for years. You can also check out their performance.

Trading Conditions of Yum Forex

YUM Forex advertises the MT4. The MetaTrader software is one of the best in the market. Investors can trade flexibly. The technical indicators, analysis, and EAs allow investors to enjoy better rewards. The interface is available. Recently scammers are using reputable software to trap more victims.

Unfortunately, despite the venture promising customers numerous trading accounts, we didn’t find the information. The broker also fails to disclose the spread, minimum deposit, and commissions. We only found leverage of 1:100. The limit is above what the Financial Conduct Authority approves for schemes in the UK. 

A legitimate firm will only offer a 1:30 leverage. In the US, the limit is 1:50. YUM Forex does not have legal documentation like a genuine broker. They only have trading rules. Without a binding contract, it is impossible to sue the nasty venture. The scheme deducts 5% to 30% as the transactional handling fees. This is absurd, and none of the real schemes wil ask such a hefty amount from their customers. 

Withdrawal and Deposits 

YUM Forex is a platform that fails to provide the payment options available. They also seem to be accepting certain groups of individuals. You can’t open an account without a unique code. This being a scam, there is a higher chance it will limit clients from issuing a chargeback.

They do not specify the requirements one has to meet to cash out. Be wary of brokers that don’t fail to provide essential information regarding the withdrawal. The majority of them never intend to give back the cash.

Customer Support and Contact Details

The company state its success comes from putting the needs of trader first. They have cutting edge tools to allow clients to reach them easily. The team is sincere and professional. Sadly, we do not see a team waiting to serve clients. The venture claims their staff work 24/7.

Unfortunately, the only meth0d you can use to reach them is via email. This is not genuine. Most of the investment entities will have a phone number with an attendant. If you face a challenge, you can contact them immediately. Customer care will see unto it that you get help.

YUM Forex is not based in the UK. There is no office address to support the ambiguous claims. Tracing down the con artists is going to be a hard task. Invest wisely and refrain from dealing with offshore firms. This broker expects clients to verify their accounts with government-issued documents. On the other hand, we do not even know their country of origin.

Regulatory Status of Yum Forex

YUM Forex claims it has a license from America Future Association (NFA). It even features a license number. However, the regulatory body of the USA is the National Future Association. They work hand in hand with the Commodities Future Trading Commission (CFTC). The agencies are stringent, and not many brokers can afford to run their businesses in the country. 

 A broker cannot operate in the US without having a capital of $20 million. The information of the founder and team must also be submitted to the financial bodies. For them to verify the company is capable of running its investment business. In the United Kingdom, the capital requirement is 730,000 EUR.

YUM Forex is not reporting its transactional report to the financial bodies. The broker could be manipulating the trade. The scheme is also capable of changing the terms and conditions without traders’ knowledge. Keep in mind that a negative account balance is not available by registering with the venture. You can therefore end up losing all your savings. 

The sad thing is nobody will come to your rescue when this website shuts down. They are not enough data to reveal the identity of the fraudsters. You won’t also receive compensation. Stick to legit investment platforms that are abiding by the set rules. There are numerous advantages you shall enjoy.

Is Yum Forex a Genuine Broker?

There is nothing genuine regarding this website. The scheme lacks essential information regarding its business. The trading conditions are not available. Additionally, the withdrawal information is also not featured. The red flags are numerous, and turning a blind eye to them will lead to a distasteful outcome. 

YUM Forex’s parent company does not exist. The broker is tactical and provides what seem fit for them. It is hard to know where the entity is operating from. In general, the firm also lacks transparency. They are running an illegal business, and if they court, the criminals will be put behind bars.

Final Verdict 

What makes you think a company that does not respect the law won’t violate your right. YUM Forex will do anything it pleases without minding the impact on its clients. The platform does not care whether you make losses or not. The domain name shows the website was recently established. 

Here is a list of some of the best forex trading entities. The brokers have licenses from reputable agencies. You can grow your portfolio and enjoy better rewards. You can also check their clients’ experience to understand what you are signing up for. 

No, the company does not have a license.

Unfortunately, the entity does not have enough funds to hire a professional team.

No, the broker is exposing traders to risk.