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Trade Union is a platform that allegedly aims to provide financial services to all investors. The company claims it has over 180 assets. Customers are also assured of first-order execution and daily market analysis. The entity has a real-time overview of the market.
Unfortunately, the ownership information of the broker is missing. It becomes dangerous without knowing who is dealing with their money as you can’t hold them accountable. Moreover, it is also hard to see if you deal with a financial expert when the team is not credited.
Trade Union is an anonymous company. The entity was also recently established. Therefore, the firm lacks a trading history. Without a clear background check, you will be making a blind move by giving the venture the benefit of the doubt. It is essential for a broker to avail of its past trading results for transparency purposes.
The entity trades stocks, currencies, metals, indices, and energies. These are volatile assets that require adequate trading skills. It is hard to predict the direction the market shall take. Legitimate platforms will minimize the risk while maximising the return to ensure customers do not suffer from market volatility.
Trade Union is a useless investment platform that will only waste your time and money. Their website reminds us of a similar Ponzi scheme with the same design and vague promises. Investors who decide to join the market should be careful as there are numerous fraudsters eyeing their funds.
Trade-Union.pro is an offshore platform, and you should not open an account with them. They do not have permission from the regulatory agencies to provide financial services or products in any country. They have two investment accounts. The scheme brags it has the best leverage and tight spreads for customers.
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They even try to mislead clients that they are strictly regulated. Trade Union lacks the experience or the equipment to assist novice investors. These are scammers persuading naive clients to join them. They will even assure you without any knowledge. You will be able to acquire huge profits.
The broker has an SSL certificate, but this does not guarantee your data will be secure. We have seen cases of offshore entities stealing their customers’ information and selling it to third parties and criminals.
Invest with reputable and some of the best forex trading brokers in the industry. You will enjoy better trading conditions without worrying about your safety. Moreover, you will also gain relevant skills through learning and trading.
Trade Union claims it offers both the MT4 and MT5 trading software. This user-friendly interface has programmed trading EAs. Investors can therefore execute the trade automatically as well as create customized scripts. They also have fundamental and technical analysis tools that contribute greatly to customers’ success.
The MetaTrader software is reputable as it allows investors to have access to multiple markets. It has an advanced charting package, an economic calendar, and advanced indicators. Unfortunately, Trade-Union.pro presents a web trader interface. The platform can be easy to use but lacks advanced features. Moreover, clients who are used to advanced software will get disappointed.
The Trade Union EURUSD currency pair has a spread of 3 pips. The limit is not profitable as traders will need to pay more to enter the market. Additionally, the standard market for spread is 1.5 pips, and you will still find reliable companies offering lower spreads.
Clients can trade with the leverage of 1:200. The limit is unfavourable and against what regulatory watchdogs approve. The European Union approves a limit of 1:30, while the USA and Canadian governments allow a 1:50 cap. The offshore platform can easily manipulate the price, considering they have inferior software. They will deliberately make you lose funds for them to gain.
Trade Union lists payment methods like; Visa, Mastercard, Wire Transfer, and e-wallet payments. The broker accepts a minimum deposit of $250 which is a lot considering they have basic terms. Nonetheless, you should refrain from doing business with them. The broker is illegitimate and will leave a negative balance in your account.
We do not know the minimum amount which customers can withdraw. However, this seems like a platform that is unwilling to give back customers their funds. Those who accept the bonuses must execute 25 times the deposit accepted to qualify for a withdrawal. It is also hard to determine whether you are accepted as you cannot separate the transactions.
Trade Union has the right to reject withdrawals without explaining. The legal documentation is generic and will not protect you in a court of law. The scammers have not even indicated the rules to which it adheres. They can also change the terms and conditions whenever they deem fit.
Trade Union claims its customer support operates 24 hours a week. Unfortunately, there is no office address or any other contact details. Investors can only reach the entity by filling in the contact form.
You should be wary of companies that do not intend to maintain a close relationship with their customers. If the broker decides to close down its operation, it shall be impossible to track them down. Their level of anonymity is worrisome.Â
For the sake of your safety, stay away from the Trade Union. Look for legitimate companies that value their customers and offer quality support. They will provide a phone number, email address, and links to social media accounts for smooth communication.Â
Trade Union claims it has a registration document from the commonwealth of Dominica. Unfortunately, this is another fat lie to win customers’ trust. Its parent company is Incendiary Group LTD. There is no agency that supervises the activities of the broker.
The local financial body of the commonwealth of Dominica does not authorize nor supervise the company. Trading with them exposes you to severe risk. The entity does not provide funds safety to customers. Financial watchdog requires investment schemes to work with top-tier financial bodies.Â
Moreover, the German regulator has exposed the parent company as a fraudulent scheme. Investing with an already exposed platform is unwise. The entity will eventually exit the market unceremoniously without giving notice. Investing with a legitimate platform grants you peace of mind. Such kinds of entities provide an ideal trading environment.
The Trade Union does not report its daily opening and closing trade to financial regulators. Therefore even if they manipulate the price, it would be hard for customers to notice. Additionally, negative account balance protection is not available.
The offshore entity is breaking the law. They can also change their terms and conditions whenever they please. Investors need to stick to legitimate companies to enjoy ideal trading terms. In case of any dispute, the authority would help to resolve the matter.
Trade Union is a proven scam that lacks advanced services. Their parent company is a big scam that the BaFin watchdog has already exposed. The company fails to provide contact details. It also falsely claimed to be licensed to gain the trust of customers.
Invest wisely by choosing the best forex trading companies. You will enjoy better trading conditions and fast withdrawals. Moreover, you will have peace of mind while trading. Watch out for scammers as their numbers continue growing.Â
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