About Union MK Limited
Company Overview
Union MK Limited is a trading platform founded in Malaysia on April 10, 2023. The company is registered at Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F. T. Labuan, Malaysia. Its official domain is unionmks.com.
Regulatory Status
Union MK Limited operates without any known regulatory oversight. This means it is not licensed or authorized by any financial regulatory authority. Traders should be aware of the lack of external oversight, which reduces transparency and recourse options.
Account Types and Trading Conditions
The broker offers three account types: Trading, Clone, and The Best. All accounts require a minimum deposit of $100 USD and offer a maximum leverage of 1:100. This uniform structure may simplify the account selection process but also limits differentiation based on trader experience or capital.
Platforms and Instruments
Union MK provides the MetaTrader 5 (MT5) platform, which is a popular choice among retail traders for its advanced charting and automated trading capabilities. The broker states it offers trading in Forex, energy commodities, precious metals, and global cash indices. However, specific instrument lists or contract specifications are not publicly detailed.
Conclusion
Union MK Limited is a newly established retail broker based in Malaysia. While it offers a multi-asset trading environment on MT5 and low minimum deposit requirements, the absence of regulation is a significant consideration for traders. Potential clients should exercise caution and conduct thorough due diligence before engaging with the platform.
Overview compiled by FXCanary from regulatory records and public data. full Union MK Limited review