YunikonFX fails to disclose its regulatory information and licensing data, which is a strong scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker.
Additionally, the Securities Commission Malaysia (SC) has added YunikonFX to its investor alert list for carrying on unlicensed capital market activities of dealing in securities.
In essence, YunikonFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
YunikonFX fails to disclose its regulatory information and licensing data, which is a strong scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker.Additionally, the Securities Commission Malaysia (SC) has added YunikonFX to its investor alert list for carrying on unlicensed capital market activities of dealing in securities.In essence, YunikonFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.