Unionstock

Note: Unionstock's official website - https://unionstock.co/ is currently inaccessible normal.

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

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.

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

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Unionstock says to offer a deposit bonus, however, it can only be withdrawn when clients reach a minimum trading volume of 25 times the deposit plus the bonus amount.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.