SHUN YUEN-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-12-19 18:30

摘要：SHUN YUEN is an Australia-based global brokerage firm who offers CFDs on Currency Pairs, Cryptocurrencies, Precious metals, Commodities as its market instruments to traders. However, it is important to note SHUN YUEN currently has a revoked ASIC (Australia Securities & Investment Commission) license with number 001294993 which raises concerns when trading.

SHUN YUEN Review Summary
Founded	2022
Registered Country/Region	Australia
Regulation	Unregulated
Market Instruments	CFDs on Currency Pairs, Cryptocurrencies, Precious metals, Commodities
Demo Account	N/A
Leverage	Up to 1:500
Spread	Starts from 0.0 pips
Trading Platform	MT4
Min Deposit	N/A
Customer Support	Email: SUPPORT@SHUNYUENLTD.COM.
Customer Support	Address: 15F, BLOCK B,103 566 ST KILDA RD MELBOURNE VIC 3004.

SHUN YUEN Information

SHUN YUEN is an Australia-based broker offering CFDs on various assets like currency pairs, cryptocurrencies, precious metals, and commodities. However, it suffers from several drawbacks, such as a revoked ASIC license, a non-functioning website and questionable ethics.

Pros & Cons

Pros	Cons
A variety of financial instruments	ASIC regulatory status revoked
Low starting spreads (0.0 pips)	SHUN YUENs website can't be open
	Limited customer support (email and address only)

Is SHUN YUEN Legit?

SHUN YUEN is not regulated as its ASIC license has been revoked.

Regulatory Status	Revoked
Regulated by	ASIC
Licensed Institution	SHUN YUEN PTY LIMITED
Licensed Type	Appointed Representative(AR)
Licensed Number	001294993

What Can I Trade on SHUN YUEN?

SHUN YUEN offers CFDs on currency pairs, cryptocurrencies, precious metals, commodities.

Tradable Instruments	Supported
Forex	✔
Indices	❌
Shares	❌
Metals	✔
Commodities	✔
ETFs	❌
Crypto	✔
Bonds	❌
Futures	❌

Leverage

SHUN YUEN offers a maximum leverage of 1:500. Leverage can amplify profits but also increase losses.

SHUN YUEN Fees

The broker claims to offer low spreads starting from 0.0 pips.

Trading Platforms

Trading Platform	Supported	Available Devices	Suitable for which type of traders
MT4	✔	Windows, macOS, iOS, Android	Beginners and Intermediate Traders
MT5	❌	\	\