YunikonFX Review – 5 things you should know from buzai232's blog

YunikonFX Review - 5 things you should know

If first looks were that important, then we would judge YunikonFX to be a decent broker. Fortunately, though, this rule does not apply to forex brokers, because if it did we would have an even greater number of scammed users. By the look of the website of YunikonFX, one can take this company to be quite legit if not a bit out of date, but the truth is that this broker is nothing more than your typical shady brokerage, with nothing to show for. So read the review to find out everything about this broker.To get more news about yunikon fx review, you can visit wikifx.com official website.

YunikonFX is one of those brokers that delays sending the confirmation mail to the user to the point where we thought that it either forgot or it realized that we were not one of its victims. Either way, we were not able to create an account, and at the end, we were left with is limited website to rely on all trading and payment information.

With that said, let us move on. So, the supposed tradeable assets are forex currency pairs, commodities, cryptocurrencies, and stocks. The average EUR/USD spread is 1.4 pips, with a maximum leverage value of 1:1000.
The one thing that YunikonFX prides itself on is an alleged regulation by none other than the NFA. Let's get some things straight here. The NFA is one of two US-based regulators that regulated the tight US market economy. Now, in the United States, there are a handful of brokers that operate; making the US the most difficult market to break through. Some renowned brokers have no US subsidiary, and we are led to believe that a laughable firm like YunikonFX is offering legit FX services from the US? The mer though of it is like hearing a good joke for the first time.
YunikonFX has nothing to do with the NFA, nor the US' the broker is not regulated there, neither is it registered there.

There is no other information concerning a registration or a license. The legal docs are also useless, revealing nothing of importance and being of no help at all. At times there are mentions of the broker being regulated in certain unmentioned jurisdictions, or stating that only certain users can access it, but there is no explanation beyond that. But these are empty and useless comments.

Overall, YunikonFX is not licensed and a risk to all.

All deposits and personal details provided to unlicensed brokers will be lost. It is therefore of the utmost importance to always check for a license with whichever broker has raised your attention because 85% of them will be unregulated. Regulated brokers are bound by rules and laws, and one small slip-up could mean that the entire broker can lose a ton of money and investments. So there is absolutely no incentive for regulated brokers to try and play you. Not to mention that users of regulated brokers are guaranteed protection, and certain regulators, like the FCA and CySEC, even offer client protection funds.
YUNIKONFX TRADING SOFTWARE
As far as we know, the inclusion of the MT4 is the best part of the broker. Yes, there is an MT4, but it is inaccessible, for we could not register, seeing that we never received a confirmation mail from the broker.

But, the broker has really put forth an MT4, and this is something that we find to be surprising.

Yet, even if the MT4 is fully available, we would still not recommend registering and trading with this broker, for YunikonFX remains once and for all unregulated.

YUNIKONFX DEPOSIT/WITHDRAW METHODS AND FEES
Since we had no way of creating an account, we will have to rely on the website for all of the payment conditions. Don't forget that YunikonFX is not legit, and is therefore deceiving, especially with payment conditions.

YunikonFX claims that the minimum deposit requirement is $10, while the available payment methods are crypto wallets, and bank transfer.

Withdrawals details are limited to only a revealed minimum withdrawal amount of $20. There are no indications of fees, and no further withdrawal details. But not to worry though, for YunikonFX is unregulated and is therefore not really worth the money; users should not be deposited in this scam in the first place. The broker is a risk top all!