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Danger
PT CMVM
2022-07-18
cmvm warns investors about the Unionstock 
Unionstock
No Regulation
Score
1.46 /10
Danger
Unionstock
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index6.65
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
Regulatory disclosure
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Warning: Low score, please stay away!
Previous Detection :
2025-01-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: Unionstock's official website - https://unionstock.co/ is currently inaccessible normal.
| Unionstock Review Summary | |
| Founded | / |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Forex, Precious Metals, Energy, Commodities, Stocks, Indices, Cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:200 |
| EUR/USD Spread | 3 pips (Web) |
| more than 8 pips (MT4) | |
| Trading Platform | Web-based, MT4 |
| Min Deposit | $250 |
| Customer Support | Email: support@unionstock.co |
| Address: 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica | |
Unionstock is an unregulated broker registered in the United States, offering trading in forex, commodities, energy, precious metals, stocks, indices, and cryptocurrencies with leverage up to 1:200 through the web-based and MT4 platforms.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Lack of regulation |
| MT4 supported | High minimum deposit requirement |
| Popular payment options | Long withdrawal processing time |
| Dormant fee charged | |
| Limited contact channels |
Is Unionstock Legit?
No, Unionstock has not been regulated by any notable authorities, which creates major red flags for investors.
What Can I Trade on Unionstock?
A diverse range of market offerings including Forex, Precious Metals, Energy, Commodities, Stocks, Indices, and Cryptocurrencies are available on this platform.
| Trading Asset | Available |
| forex | ✔ |
| precious metals | ✔ |
| energy | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
Unionstock claims to offer three different account kinds, but no other details are provided.
Leverage
Unionstock offers leverage up to1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread
On Unionstock, the EUR/USD spread is 3 pips in the browser-based platform, but more than 8 pips in MetaTrader4.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Union Stock accepts payments with credit cards, bank wire transfers, Bitcoins, and a payment provider called Paytrio.
The minimum initial deposit requirement is said to be $250.
There is no information about minimum withdrawal requirements, but there are fees applicable to each transaction.
The withdrawal request processing time is 5 to 7 days.
Bonuses and Fees
Unionstock says to offer a deposit bonus, however, it can only be withdrawn when clients reach a minimum trading volume of 25 times the deposit plus the bonus amount.
Also, the broker charges a dormant fee. The account becomes dormant after 3 months of inactivity according to their T&Cs or after 6 months according to their Deposit and Withdrawal policy, and it will be subject to a 10% monthly deduction.
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