Yun Shang Hui Xin Limited

Overview of Yun Shang Hui Xin Limited

Yun Shang Hui Xin Limited is an unauthorized and unregulated company operating in the United States. The absence of valid regulation from the National Futures Association (NFA) raises concerns about compliance with necessary regulations and poses a risk to potential clients and traders. Additionally, the company does not provide a trading software, which could impact the overall trading experience.

Despite these limitations, Yun Shang Hui Xin Limited offers a range of market instruments for trading. Traders can engage in forex trading with 62 currency pairs, participate in metal trading with gold and silver against the US Dollar, and explore opportunities in popular virtual currencies like Bitcoin and Ethereum. The company also grants access to major international stock indexes and crude oil trading, providing potential opportunities in the energy market.

Investors have the option to utilize leverage ranging from 1:1 to 1:100, which amplifies their trading positions and potential gains or losses. The company offers varying spreads for different currency pairs, starting from 0.0 pips. Traders can open an account with a minimum deposit requirement of $100 and have access to multiple payment options for deposits and withdrawals.

It is important to note that there have been complaints about Yun Shang Hui Xin Limited's withdrawal processing and additional deposit requirements for security and tax purposes. Therefore, traders should exercise caution and carefully consider the risks associated with trading through this unregulated company.

Pros and Cons

Yun Shang Hui Xin Limited offers several advantages for traders, including access to basic market instruments, leverage of up to 1:100, and the widely used MetaTrader 5 trading platform. Additionally, the availability of mobile versions of the platform and tools for staying informed through news and calendar updates are beneficial. However, there are several notable drawbacks. Firstly, the company lacks valid regulation from the US NFA, which may raise concerns about the security and reliability of the services. Additionally, there is no information provided about account types and payment methods, which can make it difficult for potential clients to assess the suitability of the platform. The lack of transparency and compliance with necessary regulations is another concern. Furthermore, the absence of educational resources, limited information on deposit and withdrawal processes, and reported lack of responsiveness from customer support are factors that may negatively impact the overall user experience.

Is Yun Shang Hui Xin Limited Legit？

Yun Shang Hui Xin Limited is currently operating without valid regulation from the United States National Futures Association (NFA). Its regulatory status is categorized as unauthorized, indicating that the company is not compliant with the necessary regulations. This lack of regulation poses a significant risk to potential clients and traders. Moreover, the broker surpasses the business scope regulated by the NFA, further emphasizing the need for caution. Additionally, it is worth noting that the broker does not have a trading software, which could also impact the trading experience.

Market Instruments

1. Forex:

Yun Shang Hui Xin Limited offers a wide range of forex trading opportunities, allowing traders to engage in the speculation of 62 currency pairs. With the provision of ultra-low spreads and fast execution, clients can take advantage of potential price movements and participate in the global foreign exchange market.

2. Metal:

Traders can also explore metal trading options with Yun Shang Hui Xin Limited. Specifically, they can speculate on the price movements of gold and silver against the US Dollar (USD). This allows diversification of trading portfolios and potential profit generation based on the fluctuating values of these precious metals.

3. BTC:

Yun Shang Hui Xin Limited provides access to mainstream virtual currencies, including BTC (Bitcoin), ETH (Ethereum), BCH (Bitcoin Cash), ETC (Ethereum Classic), DASH, and more. Clients can engage in trading activities involving these popular digital currencies, potentially benefiting from their market movements.

4. Stock Indexes and Crude Oil:

In addition to forex and metal trading, Yun Shang Hui Xin Limited grants access to major international stock indexes and crude oil trading. Traders can explore opportunities related to renowned stock indices, such as the S&P 500, Nasdaq 100, Dow 30, Nikkei 225, DAX Index, and FTSE 100. Furthermore, the broker allows participation in crude oil trading, without fees, re-quotes, or hidden markups, providing potential opportunities in the energy market.

How to Open an Account？

To open an account with Yun Shang Hui Xin Limited, follow these steps:

1. Click on the “Open real account” option or similar button for quick registration.

   

2. Fill in your personal information, including your name, email address, mobile number (with country code), password, and confirmation of the password.

3. Select your country, state, city, and gender from the provided options.

4. Enter your detailed address in the corresponding field.

5. If you have received an invitation, enter the invitation code.

6. Complete the captcha verification by entering the provided code.

7. Upload a scanned copy or photo of the front side of your ID card in either JPG or PNG format.

8. Similarly, upload a scanned copy or photo of the reverse side of your ID card in JPG or PNG format, keeping it within the file size limit.

9. Double-check all the information you have provided.

10. Click on the “Sign up” or similar button to complete the account opening process.

Leverage

Yun Shang Hui Xin Limited offers leverage options to its investors. When opening an investment account, investors have the opportunity to trade various investment products with leverage ranging from 1:1 to 1:100. The leverage feature allows investors to amplify their trading positions, potentially increasing their potential gains or losses.

Spreads

Yun Shang Hui Xin Limited offers varying spreads for different currency pairs. The spread values are provided in the form of bid-ask prices. The specific numbers represent the differences between the bid price (the price at which traders sell) and the ask price (the price at which traders buy). The spreads presented in the provided data start from 0.0 pips, depending on the currency pair being traded. Please note that these values are subject to change and may fluctuate based on market conditions.

Minimum Deposit

Yun Shang Hui Xin Limited offers a minimum deposit requirement of $100 for clients who wish to start investment transactions. This minimum deposit amount allows individuals to begin trading with a relatively low initial investment.

Deposit & Withdrawal

Yun Shang Hui Xin Limited separates client funds from its operating funds by placing them in different bank accounts. The company also offers multiple payment options, including instant deposits and fast processing of payout requests.

Pros and Cons

Trading Platforms

METATRADER 5:

Yun Shang Hui Xin Limited offers the popular trading platform, MetaTrader 5 (MT5). MT5 is known for its real-time trading capabilities and detailed dynamic quotation analysis. Traders can utilize technical indicators and employ smart trading systems. The platform is widely used and supports various trading strategies, including trading, futures, crude oil terminals, and contracts for differences. It is available for both PC and mobile devices, enabling traders to access their accounts and execute transactions from anywhere.

MT5 MOBILE PHONE VERSION:

Yun Shang Hui Xin Limited provides a mobile version of the MT5 trading platform, allowing users to access their accounts through mobile devices such as iPhones, iPads, Android phones, and tablets. The mobile platform offers incomparable execution speed, enabling traders to access their accounts and instantly complete transactions on the go. iPhone users can download the MT5 client from the iTunes store, while Android users can download the mobile client from the Google Play store or scan the QR code for installation.

Apple MT5:

Yun Shang Hui Xin Limited offers an Apple MT5 client, allowing iPhone users to enjoy stable and ultra-fast foreign exchange transactions. The MetaQuotes mobile client can be downloaded from the iTunes store, and users can easily install it by scanning the provided QR code.

Android MT5:

For Android phone users, Yun Shang Hui Xin Limited provides an Android MT5 client, offering fast and secure mobile forex trading. Traders can download the mobile client from the Google Play store or, for Chinese users, by scanning the provided QR code. This enables access to the MT5 trading account, empowering users to trade anytime and anywhere.

Trading Tools

1. NEWS:

Yun Shang Hui Xin Limited provides news-related trading tools to its clients. These tools offer access to the latest market news and updates, allowing traders to stay informed about global economic events and factors that may impact their trading decisions. By providing news resources, the company helps provide traders with relevant information that can help them make informed trading choices.

2. CALENDAR:

Yun Shang Hui Xin Limited offers a calendar feature as part of its trading tools. This calendar includes important economic events, such as central bank meetings, economic indicators, and key announcements. By utilizing the calendar, traders can track upcoming events and plan their trading strategies accordingly. The calendar feature assists traders in staying aware of significant market events and their potential impact on the financial markets.

Customer Support

Yun Shang Hui Xin Limited offers customer support through email at support@yswoldfx.com and has a physical address located at 16th Floor, Citigroup Centre, Sydney NSW 2000, Australia for problem consulting.

Reviews

According to a review on WikiFX, there have been complaints about Yun Shang Hui Xin Limited's inability to process withdrawals. One user mentioned that they were asked to deposit additional funds as a security deposit and tax payment before their withdrawal could be approved. The user also expressed frustration with the company accusing them of using illegal software and requesting further deposits for inspection. The user stated that they are still waiting for their withdrawal and have experienced a lack of response from the company.

Conclusion

In conclusion, Yun Shang Hui Xin Limited operates without valid regulation from the United States National Futures Association (NFA), indicating non-compliance with necessary regulations and posing a significant risk to potential clients and traders. The broker's lack of trading software may also impact the overall trading experience. On the positive side, the company offers a wide range of trading opportunities, including forex, metals, BTC, stock indexes, and crude oil. It allows leverage options, provides varying spreads, and has a minimum deposit requirement of $100. However, there have been complaints regarding withdrawal processing and additional deposit requests for security and tax purposes, indicating potential issues with the company's practices. It is advisable to exercise caution and carefully consider the risks before engaging with Yun Shang Hui Xin Limited.

FAQs

Q: Is Yun Shang Hui Xin Limited regulated？

A: Yun Shang Hui Xin Limited lacks valid regulation from the United States National Futures Association (NFA) and operates without authorization.

Q: What market instruments can I trade with Yun Shang Hui Xin Limited？

A: Yun Shang Hui Xin Limited offers forex trading, metal trading (gold and silver), BTC (Bitcoin) trading, stock index trading, and crude oil trading.

Q: How can I open an account with Yun Shang Hui Xin Limited？

A: To open an account, click on the “Open real account” option, provide personal information, upload ID card copies, and complete the registration process.

Q: What leverage options does Yun Shang Hui Xin Limited offer？

A: Yun Shang Hui Xin Limited provides leverage ranging from 1:1 to 1:100 for trading various investment products.

Q: What is the minimum deposit required by Yun Shang Hui Xin Limited？

A: The minimum deposit requirement is $100 to start investment transactions with Yun Shang Hui Xin Limited.

Q: What trading platforms are available with Yun Shang Hui Xin Limited？

A: Yun Shang Hui Xin Limited offers the MetaTrader 5 (MT5) platform for both PC and mobile devices.

Q: How can I contact customer support at Yun Shang Hui Xin Limited？

A: You can reach customer support at support@yswoldfx.com or visit their physical address in Sydney, Australia.

Q: Are there any complaints or issues with Yun Shang Hui Xin Limited？

A: There have been complaints about withdrawal processing and additional fund requests for security deposit and tax payments.