Yong Ying claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

Besides, Yong Ying shows its company address is in Hong Kong. As forex traders, you should know that all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). However, we did not find any match results to Yong Ying in HK SFC. That means Yong Ying is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView found that the domain "fx-yongying.com" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.