UnionsMarket Detailed Review
UnionsMarket Detailed Review

Among many brokers established in Saint Vincent and the Grenadines during 2021, we found UnionsMarket. This country is especially interesting since they have no financial regulator and don’t bother too hard to prevent fraudulent brokers from conducting scam activities. Therefore, we’ve decided to uncover everything about UnionsMarket in this review.

Broker status:Offshore Broker
Regulated by:Unlicensed brokerage
Scammers Websites:unionsmarket.group
Blacklisted as a Scam by:N/A
Owned by:Bodacious Consulting LLC
Headquarters Country:Saint Vincent and the Grenadines
Foundation year:2021
Supported Platforms:Web trader
Minimum Deposit:250 EUR
Types of Assets:FX, commodities, indices, shares
Maximum Leverage:1:500
Free Demo Account:No
Accepts US clients:No

What About UnionsMarket Regulation?

UnionsMarket belongs to Bodacious Consulting LLC, established in Saint Vincent and the Grenadines. As aforementioned, this country has only a financial register that directs brokers to opt for the regulation in the country of service.

However, we found no traces of UnionsMarket regulation with ASIC, FCA, BaFin, or any Tier1 regulatory body. This indicates that you’re dealing with yet another fraudulent scheme, and that your funds are endangered.

In addition, we strongly advise you not to invest in EverProTrader, QuantumMarket and TheBullRun fraudulent brokers.

Fund Withdrawal Issues With UnionsMarket Broker

Knowing that UnionsMarket is a scheme, we had to check whether getting your money back is possible. If you try to go by the traditional way, submit a withdrawal request and wait, it’s unlikely that you will see any results. It seems that this fraudulent firm doesn’t approve any requests and tends to keep clients’ money for itself. Since they’re not obliged to follow ESMA, MiFID, or any other rules, it means that you may find yourself without options, and no regulator would help you get reimbursed.

If something similar has happened while dealing with UnionsMarket, let us know.

Areas Of UnionsMarket Trading Scam

Most victims come from Germany, Turkey and Bulgaria, according to complaints. Yet, you should be aware that UnionsMarket is a fraudster that provides financial services illegally, and wherever you are, you will have no legal assistance in getting your money back.

Beware of Extra Fees Before Withdrawing Funds

Some reviews have shown that clients were prompted to pay extra fees before withdrawing funds. If you suggest that the money could be deducted from your profit, your account manager will explain to you why it’s impossible and force you to make another deposit. Allegedly, the broker has to pay taxes, bank fees, etc., and all that should come from you.

If it sounds like you’re being lured to give your money and lose everything, it’s because that’s precisely what’s happening here. Don’t fall for the UnionsMarket trading scam.

Traders About UnionsMarket Scam

UnionsMarket reviews are far from positive. Clients are complaining about withdrawals, but there are other issues as well. For a start, a broker’s Web trader is just a TradingView chart, while the leverage is unregulated and goes up to 1:500, making clients lose their funds effectively. Knowing this, the best thing to do is to avoid the UnionsMarket scam.

Also remember the names of the TBXCapital, LQDFX and Global GT trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

Whether you have been involved in an online trading scam or not, you must have seen numerous trading ads all over the internet. Some of the worst ones are promising you insane amounts of profit. When you think about investing 250 EUR, and someone promises you a return of 5,000 EUR on a daily basis, you should know that something is off.

Once you involve yourself with the scheme, you will be told that you need to add more money, increase your buying power and only then reach 5,000 daily. And you will be led to invest more and more until nothing’s left. Then, the broker will freeze your account, and you will never see your money again.

Scammed by UnionsMarket? – Tell Us Your Story

Don’t be ashamed if you fall victim to the UnionsMarket scam. It can happen to the best of us. We’re here to hear you out and help you find the best chargeback option for your case.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the transaction. Contact us via online chat to book a free consultation for further evidence and case evaluation.

Don’t let scammers run with your hard-earned money, fight back!

What Is UnionsMarket?

UnionsMarket is a fraudulent Forex and CFD online trading provider.

Is UnionsMarket A Scam Broker?

UnionsMarket is based offshore and has no regulations for providing financial services.

Is UnionsMarket Regulated?

UnionsMarket is not regulated and provides financial services illegally.

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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