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YUM Group

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Operating status: SCAM

Website: https://www.yum-forex.com/

Broker violations and abnormal records
  • 2022-05-12 BrokersView has reviewed that YUM Group is an Unregulated Forex Broker

    On its page footer, YUM Group says Copyright © 2019, but its domain check result shows that it is first created on February 1, 2022. Thus, it is using a false company foundation year.

    Founded in the UK, YUM Group shows it is a leading independent broker in the trading of foreign exchange. To be able to offer forex trading service in the UK, the broker must get at least one license from the FCA. However, it lists no FCA regulation info and we also find no license record on the FCA Registry. That is to say, YUM Group is unlicensed currently.

    On its “ABOUT US”, YUM introduces that it is regulated by the American Futures Association (NFA) with regulatory number 0545142. However, the company is actually not regulated by the NFA since it is not an NFA Member. That means it is not authorized to offer forex services.

    Based on the above information, we can conclude that Yum Group is a scam.

    On its page footer, YUM Group says Copyright © 2019, but its domain check result shows that it is first created on February 1, 2022. Thus, it is using a false company foundation year.Founded in the UK, YUM Group shows it is a leading independent broker in the trading of foreign exchange. To be able to offer forex trading service in the UK, the broker must get at least one license from the FCA. However, it lists no FCA regulation info and we also find no license record on the FCA Registry. That is to say, YUM Group is unlicensed currently.On its “ABOUT US”, YUM introduces that it is regulated by the American Futures Association (NFA) with regulatory number 0545142. However, the company is actually not regulated by the NFA since it is not an NFA Member. That means it is not authorized to offer forex services.Based on the above information, we can conclude that Yum Group is a scam.
  • 2022-07-10 BrokersView has found that YUM Group is not working

    BrokersView found the domain https://www.yum-forex.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain https://www.yum-forex.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

How many trading accounts at YUM Group?

Quinn
Barbados
2022-06-10
ANSWER YUM Group is not a licensed or regulated broker even though it states offers that look good to be true. YUM Group claims it was founded in the UK. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to YUM Group in FCA.Besides, YUM Group claims to be regulated by the National Futures Association(NFA) with an NFA ID: 0545142. However, when we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. The truth is, YUM Group is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like YUM Group and trade with licensed brokers.
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