Unlicensed Broker YunikonFX: Users Unable to Withdraw Funds

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Unlicensed Broker YunikonFX: Users Unable to Withdraw Funds

BrokersView has recently witnessed a surge in the negative reviews and complaints about YunikonFX, primarily related to the inability to withdraw funds.

Withdrawal Issues and Lack of Communication

Clients of YunikonFX discover that their withdrawal requests have remained pending for no reason since April this year, without any official statement from the trading platform explaining the situation. Despite attempts to contact the broker's customer support team, users have failed to receive any response. Consequently, the fear of losing their hard-earned money looms over YunikonFX's users. 


Unlicensed Broker YunikonFX: Users Unable to Withdraw Funds


In support of these claims, one client provided us with screenshots showcasing his pending withdrawal requests.


Unlicensed Broker YunikonFX: Users Unable to Withdraw Funds


Our team has made multiple attempts to contact YunikonFX via email to address investors' concerns, but the platform remains unresponsive.

Unveiling the scam


Unlicensed Broker YunikonFX: Users Unable to Withdraw Funds


Data from the NFA suggest that Yunikon Financial Limited, the operator of YunikonFX, is not an NFA member and thus not subject to their oversight. Similarly, our search in the registers of the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), where YunikonFX claimed pending regulation, yielded no results either.

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