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Scam Brokers
Score
1.58 /10
Danger
YJ-FX
Scam Brokers5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index7.52
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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This platform is a Ponzi Scheme. Please stay away!
4
Previous Detection :
2024-12-23
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
WikiFX Verification
General Information
Yujia Financial International Limited, a registered company, was launched on 06 Jun 2003 in New Zealand. 9429035943990 is the business number it was issued. Registered Address: Level 5, 187 Queen Street, Auckland City, Auckland 1010, NZ. However, the dissolution date of this company was on 15 January 2021, which means this company no longer exists.
Products & Services
The business line of Yujia Financial International Limited covers several segments including forex trading, indices trading, stock trading, mutual funds, options, as well as some investment advisory services.
Risk Warning
Yujia Financial International Limited is running a Ponzi scheme, which means that it is not investing, it is not trading financial markets, it is just collecting money from people and giving it to others. Newer deposits are used to pay out older profits. That‘s how Ponzi schemes operate. Ponzi schemes always crash in the end because they always run out of money, since the whole concept is an unsustainable scam. Don’t even think about participating in such an illegal scheme. First, it could crash right after your deposit, and you would lose everything. Second, even if you manage to pull out some profits out of Yujia Financial International Limited, it will be money that somebody else had to lose in that scam.
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