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No Regulation
Score
1.16 /10
Danger
Union Forex
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.31
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Note: Union Forex's official website: https://unionforex.uk/ is currently inaccessible normally.
Union Forex Information
Registered in 2005, Union Forex is an unregulated brokerage company registered in the United Kingdom. This firm specializes in forex currency trading, with auto trading service as an option. Union Forex boasts its diverse investment package and round-the-clock customer support.
Is Union Forex Legit？
Union Forex currently does not hold any valid regulatory certificates. Although it is incorporated in the UK, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
Downsides of Union Forex
- Unavailable Website
Union Forex's official website is currently inaccessible. So maybe it's time to find another brokerage.
- Lack of Transparency
There is a notable lack of information about Union Forex available online. This lack of transparency can really dampen investors' enthusiasm.
- Regulatory Concerns
Union Forex is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Investment Plans
Some online brokerages tier their accounts. These tiers can determine what features and benefits you have or what fees you pay. There are six investment packages in this platform. The fee structure applies to these packages is not declared on the website. But according to the website, if you have $250,000 or more to invest, the daily profit returns up to 35%. So it could be a great advantage if you have more money to invest. Overall, it's important to keep a close eye on fees.
Customer Support Options
Union Forex boasts its 24/7 customer support. You have multiple choices: including email (info@unionforex.uk), phone support (+44 7440 576859), and social media channels (Facebook, Youtube, and Instagram).
Conclusion
Trading with Union Forex may undermine security as they have no valid regulatory certificates. It is better to choose regulated brokers with transparent operationsto ensure the safety of your investments. When comparing brokerages, keep the potential risks firmly in mind.
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