Union MK
Abstract：Union MK is allegedly a forex broker founded in 2021 and registered in Malaysia that claims to provide its clients with 150+ tradable financial instruments with 0% commission on the MT5 platform via 2 different packages.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | No Regulation |
| Market Instrument | forex, cryptocurrencies, indexes, stocks, energy and commodities |
| Account Type | Classic and Platinum |
| Demo Account | yes |
| Maximum Leverage | N/A |
| Spread | N/A |
| Commission | 0% |
| Trading Platform | MT5 Terminal, MT5 Mobile and MT5 WebTrader |
| Minimum Deposit | no |
| Deposit & Withdrawal Method | cryptocurrencies of Bitcoin, Ethereum, USDT and BNB |
Union MK is allegedly a forex broker founded in 2021 and registered in Malaysia that claims to provide its clients with 150+ tradable financial instruments with 0% commission on the MT5 platform via 2 different packages. Here is the home page of this brokers official site:
As for regulation, it has been verified that Union MK currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.19/10. Please be aware of the risk.
Market Instruments
Union MK advertises that it offers access to 150+ traded products, which include forex, cryptocurrencies, indexes, stocks, energy and commodities.
Packages
Apart from demo accounts, Union MK claims to offer 2 types of packages, namely Classic and Platinum.
Commissions
Union MKs website claims that there is a 0% commission charged.
Trading Platform Available
The platform available for trading at Union MK is one of the most notable and preferred trading platforms the market offers - MT5 Terminal, MT5 Mobile and MT5 WebTrader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Union MK says to work with cryptocurrencies of Bitcoin, Ethereum, USDT and BNB. The deposit and withdrawal amounts are both unlimited. As for the processing time of deposits and withdrawals, 5-60 minutes for BTC and 5-30 minutes for other methods.
Customer Support
Union MK‘s customer support can be reached by email: support@unionmks.com. Company address: Office 8, PBC 2, Unit F7, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000, F.T. Labuan, Malaysia. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| • Wide range of trading products | • No regulation |
| • Demo accounts available | • Only cryptocurrency payments offered |
| • MT5 supported | • Lack of transparency |
| • No minimum deposit requirement |
Frequently Asked Questions (FAQs)
| Q 1: | Is Union MK regulated？ |
| A 1: | No. It has been verified that Union MK currently has no valid regulation. |
| Q 2: | Does Union MK offer demo accounts？ |
| A 2: | Yes. |
| Q 3: | Does Union MK offer the industry-standard MT4 & MT5？ |
| A 3: | Yes. Union MK offers MT5 Terminal, MT5 Mobile and MT5 WebTrader. |
| Q 4: | What is the minimum deposit for Union MK？ |
| A 4: | Deposit and withdrawal amounts are both unlimited at Union MK. |
| Q 5: | Is Union MK a good broker for beginners？ |
| A 5: | No. Union MK is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency. |
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