Score
Unionstock
United States|2-5 years| https://unionstock.co/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
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Website
unionstock.co
Server Location
United States
Website Domain Name
unionstock.co
Server IP
104.21.31.141
Company Summary
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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