About SHYING
Overview
SHYING is a forex and CFD broker that operates through the domain shyingfex.com. The company is registered in Hong Kong and was founded on July 2, 2020. It is presented as an institutional market maker, with an FCA license claim on file, though the status of that license is unclear.
Background
The broker comes from Hong Kong, a major international financial hub. However, SHYING was established only in 2020, making it a relatively new entrant to the brokerage space. There is limited public information available about its ownership, operational history, or corporate structure.
Regulation
SHYING claims an FCA license under an 'Institutional Market Making (MM)' designation. However, in the record the status is listed as a dash, which often indicates that the license is not active, has been surrendered, or has not been granted full approval. This regulatory ambiguity contributes to the elevated FXCanary Scam Risk Score of 50 out of 100.
Target Audience
Given its institutional market making positioning, SHYING likely targets professional and retail clients. However, without verified regulatory protection, the broker may pose higher risk for retail traders. Prospective clients should independently verify the broker's regulatory standing and assess whether the level of oversight meets their risk tolerance.
Overview compiled by FXCanary from regulatory records and public data. full SHYING review