About Trade Union
Overview
Trade Union is a broker operating under the domain tradeunion.pro. It was founded on July 4, 2023, and is registered in China. The broker presents itself as an online trading platform, but independent information about its services is extremely limited.
Our research team has classified Trade Union as a retail forex/CFD broker based on its profile, though we have not been able to confirm its exact offerings. The broker has no verifiable regulatory oversight, which is a significant red flag for potential clients. Traders should be aware that dealing with an unregulated entity carries substantial risk.
Regulation and Safety
According to our records, Trade Union holds no regulatory licences from any financial authority. This means that there is no external oversight ensuring the broker adheres to standards of conduct, client fund segregation, or financial transparency. The absence of regulation is a critical concern for any trader.
In jurisdictions where forex brokers are required to be licensed, operating without a licence is illegal. China has a complex regulatory landscape, and it is unclear whether Trade Union is authorized to offer trading services. We advise traders to verify the legal status of any broker with their local regulator before committing funds.
Risk Assessment
FXCanary has assigned Trade Union a Scam Risk Score of 85 out of 100, indicating a severe risk level. This score is based on the lack of regulation, the young age of the broker (founded in 2023), and the absence of independent user reviews or verifiable operational history.
A high scam risk score suggests that there is a significant possibility of fraudulent activity, including the potential for loss of funds. Without regulatory protection, clients have no recourse if the broker acts dishonestly or becomes insolvent. We strongly caution against depositing funds with Trade Union.
What We Know
Our knowledge of Trade Union is derived from regulatory records and industry databases. The broker's official domain is tradeunion.pro, but we were unable to access or verify its website content. The broker's country of registration is China, but no physical address or company registration number is known.
The broker was founded on July 4, 2023, making it relatively new. There are no known awards, partnerships, or notable industry endorsements. The lack of information is itself a warning sign, as legitimate brokers typically provide transparent details about their operations.
Conclusion
Trade Union is an unregulated broker with a severe scam risk score. Due to the absence of reliable public information and regulatory oversight, we cannot recommend this broker for any trading activity. Traders should always prioritize regulated brokers with a proven track record and transparent operations.
If you have any additional information about Trade Union, we encourage you to share it with our research team. In the meantime, extreme caution is advised. For a list of safer alternatives, please refer to our regulated broker directory.
Overview compiled by FXCanary from regulatory records and public data. full Trade Union review