Unions Market：Something you need to know about this broker

What Unions Market is

Unions Market, owned by a company called Bodacious Consulting LLC with registration number 1341 LLC 2021, is an online forex and CFDs broker. According to its website, the registered address of Unions Market is First floor, First St Vincent Bank Ltd Building, James Street Kingstown, St.Vincent and the Grenadines. As far as we know, Saint Vincent and the Grenadines is a well-known offshore zone.

Unions Market currently doesnt hold a legitimate license, it is not regulated by any regulatory institution. this means if something goes wrong, you will not take your money back. According to WikiFX, this broker has been given a pretty low rating of 1.08/10.

Trading Platform

Based on its website, the Unions Market uses Webtrader Platform as its trading platform. It seems not to use either the MT4 or MT5 platform.

Account types&minimum deposit

Unions Market offers clients three types of accounts: Standard account, Premium account, and Professional account. The minimum deposit for a Standard account is €250, for a Premium account is €2,500, and for a Professional account is €25,000.

Flexible Leverage System

Unions Market allows traders to trade by choosing among different levels of leverages. Traders can boost their trading power by investing up to 500 more capital than investors can invest.

Conclusion

When you look for a broker conducting your trading activities, the initial thing you need to do is to identify the broker‘s certification. Unions Market is an unlicensed broker. Tempting enough as it seems to be, we don’t advise you to trade with such a broker with no legitimate license. Unions Markets website looks fancy but it lacks a lot of necessary information, such as what specific commodities this broker offer. Be aware of the potential risks before you make a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). WikiFX contains details of more than 31,000 global forex brokers, which gives you a significant advantage while seeking the best forex brokers. Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.