UNION MK Overview
UNION MK Is A Trading Platform Established In 2021 And Registered In Malaysia. The Platform Focuses On Providing A Diverse Range Of Trading Assets Including, Forex, Energy Commodities, Precious Metals And Global Cash Indices. Its Trading System Is Based On The MetaTrader 5 (MT5) Platform And Is Known For Its High Performance And Stability. UNION MK Emphasizes Customer Support And Offers A 24/5 Service, But Its Unregulated Status May Raise Concerns Among Traders.
Legitimacy
UNION MK Is Not Supervised By Any Financial Regulator, Which May Raise Concerns Among Traders About Its Transparency And Security. Lack Of Regulation Means Traders Do Not Have Access To The Protections Provided By Regulators, Potentially Increasing The Risk Of Fraud, Market Manipulation And Security Bugs. Additionally, Clients May Face More Challenges When Seeking Recourse Or Resolving Disputes.
Pros & Cons
Pros:
Trading Asset Diversification
Offers A Wide Range Of Trading Tools Including Forex, Energy Commodities (e.g. Crude Oil), Precious Metals (e.g. Gold, Silver) And Global Cash Indices.
Competitive Spreads
Different Account Types Offer Different Spreads, With Spreads As Low As 0.5 Pips On Major Currency Pairs For "trading" Accounts.
MT5 Platform
Trading With MetaTrader 5, Which Is Known For Its Powerful Features, Multi-market Support And Efficient Performance.
Flexible Account Types
Three Account Types ("Best", "Clone" And "Trade") Are Available To Meet The Needs Of Different Traders.
* 24/5 Customer Support **
Clients Can Get Help During Normal Trading Hours By Phone, Mail Or Online Chat.
Cons:
Unregulated
Lack Of Oversight By Regulators, Increasing Latent Risk.
Lack Of Educational Resources
Trading Tutorials, Webinars Or Other Educational Resources Are Not Provided, Which Is Not Conducive To Newbies To Improve Their Trading Skills.
Market Tools
UNION MK Offers The Following Trading Assets:
Forex (Forex)
Offers Trading Of Major Currency Pairs (e.g. EUR/USD, GBP/USD) And Minor Currency Pairs.
Energy Commodities
Offers Trading Of Commodities Such As Crude Oil (e.g. WTI Crude Oil, Brent Crude Oil) And Natural Gas.
Precious Metals
Offers Trading In Precious Metals Such As Gold (XAU/USD) And Silver (XAG/USD).
Global Cash Index
Offers Trading In Major Indices Such As S & P 500, Dow Jones Industries Average Index.
Account Types
UNION MK Offers Three Account Types:
"Best" Account
Minimum Deposit: 100 Dollars (or Currency Equivalent)
Spread: 1.5 Pips For Major Currency Pairs
Leverage: Up To 100:1
Features: Demo Accounts And Real-time Customer Support Available.
"Clone" Account
Minimum Deposit: 100 Dollars
Spread: 1.0 Pips For Major Currency Pairs
Leverage: Up To 100:1
Features: Demo Account And 24/5 Customer Support.
"Trading" Account
Minimum Deposit: 100 Dollars
Spread: 0.5 Pips For Major Currency Pairs
Leverage: Up To 100:1
Features: Suitable For Traders Who Value Low Spreads.
Trading Platform
UNION MK Uses The MetaTrader 5 (MT5) Platform. Its Features Include:
Multi-market Support
Support For Trading On Centralized Markets (e.g. Stock Exchanges) And Decentralized Markets (e.g. Foreign Exchange).
Real-time Data
Provides Real-time Market Data And Charts.
Technical Analysis Tools
Includes A Variety Of Indicators, Graphing Tools, And Time Analysis Functions.
Multi-device Support
For Desktop (Windows, MacOS), Web Browser, Android And IOS Devices.
Deposit And Withdrawal
UNION MK Offers Multiple Payment Methods:
Credit/Debit Card: Visa, Mastercard
Bank Telegraphic Transfer
Electronic Wallet: Skrill, Neteller, WebMoney
Minimum Deposit: 100 Dollars
Processing Time:
Bank Transfer: 1-2 Business Days
Credit/Debit Card: Instant
Electronic Wallet: Instant
Customer Support
P >UNION MK Provides Customer Support In A Variety Of Ways:
Tel: + 60 087428305
Email: Supports@unionmks.com
Office Address:
Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3,
Jalan Ranca-Ranca, 87000 FT Labuan, Malaysia
Support Hours Are Monday To Friday, 9am To 5pm (Malaysia Time).
Conclusion
UNION MK Is A Trading Platform That Offers A Diverse Range Of Trading Assets And Competitive Spreads. Its Strong Performance Based On MetaTrader 5 And 24/7 Customer Support Are Its Main Advantages. However, Its Unregulated Status And Lack Of Educational Resources Can Pose Challenges For Novice Traders. Traders Should Weigh Its Advantages And Latent Risks When Choosing UNION MK And Make An Informed Decision.
