Union Markets Review – Trust or Not?
Union Markets Review – Trust or Not?

Union Markets broker claims to “offer you the resources, platforms, and tools to maximize your trading success.” However, is it possible that the company trying to succeed at the expense of your gullibility? Let’s find out.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Scammers Websites: unionmarkets.com
Blacklisted as a Scam by: BaFin, FMA
Owned by: N/A
Headquarters Country: St. Vincent and the Grenadines
Foundation year: N/A
Supported Platforms: Web, Desktop, Mobile
Minimum Deposit: 250$
Cryptocurrencies: No
Types of Assets: Currency Pairs, Indices, Metals, Enegries, Futures, Shares
Maximum Leverage: 1:400
Free Demo Account: No
Accepts US clients: Yes

What About UnionMarkets Regulation?

UnionMarkets broker is operated by an offshore company named Dip Exelio LLC. The organization is based in St. Vincent and the Grenadines. However, it is important to remember that the SVGFSA has stated that they don’t have the power to regulate organizations, as this is outside the scope of their intended activities. In addition, the broker positions itself as a German company. Despite this, the databases of BaFin, a German regulator with a high level of trader confidence, indicate that they don’t supervise the UnionMarkets brokerage. This is direct evidence that the company doesn’t have legitimate regulation.

UnionMarkets Warnings From Financial Regulators

Obviously, BaFin is always up to date. On 01/12/2022, the regulator published an official warning stating that “Dip Exelio LLC, St. Vincent and the Grenadines, has not been granted authorization under the KWG to conduct banking business or provide financial services.” Moreover, the financial authority made it clear that BaFin does not regulate the broker. This means that this investment company does not have the right to cooperate with investors from Germany. According to current laws, the activities of brokers not approved by reliable financial regulators are prohibited in most countries. Despite this, Dip Exelio LLC provides financial services and conducts banking business.

BaFin UnionMarkets warning

By the way, the list of warnings about the broker is not limited to the publication of BaFin. On January 27, 2022, the Austrian FMA announced that https://unionmarkets.com doesn’t possess a license that would allow transactions in a supervised country.

FMA UnionMarkets warning

In addition to the above, we strongly advise you not to invest in Trading 360, FNPMarkets and Truexoption247 fraudulent brokers.

Withdrawing Issues

It is clear that the broker’s goals are not related to the fulfillment of the conditions of honest cooperation. Lack of regulation is the most important evidence of the company’s fraudulent activity. This is why most clients failed to withdraw money from their accounts opened with UnionMarkets scam broker. 

Who is at Risk?

We analyzed forums, website reviews, and other data from open sources and found that the majority of UnionMarkets complaints were from citizens of:

  • The USA;
  • Germany; 
  • Netherlands; 
  • United Kingdom; 
  • Romania.

Traders About UnionMarkets Scam

While scrolling through various feedback websites and forums, we found that most UnionMarkets reviews are negative. Investors explain their low assessment of the broker’s services by the inability to withdraw funds. Also, people were outraged by high commissions, and managers’ sudden disappearance after making large deposits. 

The Sophisticated Scam Scheme in Action

With the rapid development of technology, scammers have gained access to modern deception tools. Now anyone can launch a legitimate-looking website and reach thousands of potential traders using powerful promotion methods. However, the Internet can also be useful for investors. The World Wide Web is the largest source of information. Luckily, you can avoid scammers by checking regulation data, client and expert reviews as well as blacklists of financial authorities. 

Also remember the names of the MaxiPlus Trade, Arrowteks trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by UnionMarkets? – Tell Us Your Story

If you have any UnionMarkets issues, you can always contact a reliable funds recovery company. Submit your request via Live Chat and get protection from graduates with extensive experience in winning fraudulent cases. Sign up for your first free assistance, and we will help you get your hard-earned money back! 

But What Is A Chargeback?

Chargeback is a procedure by which you can dispute a payment made with a credit card and return your money. Most scammers avoid getting involved in litigation. This is why they are often willing to compromise and return misappropriated funds. Our team will help you collect key evidence to win your case and perform a chargeback. Remember that in matters related to online fraud, it is extremely important to act quickly.

What Is UnionMarkets?

UnionMarkets is an unregulated anonymous financial organization that should not be trusted.

Is UnionMarkets A Scam Broker?

Yes, the broker has been caught in fraudulent activity, as BaFin and FMA warnings prove.

Is UnionMarkets Regulated?

No, the broker is not regulated by reliable financial authorities. Moreover, we did not find any verified information about the Union Markets license.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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