SHUN YUEN-Overview of Minimum Deposit, Leverage, Spreads
Abstract：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. |
| 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SHUN YUEN is not regulated as its ASIC license has been revoked.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 | ❌ | \ | \ |
Deposits & Withdrawals
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | \ | \ | \ |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Transfer | \ | \ | \ |
Read more
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