Upon Verification: NorthUnion Is Operating Through The Website Https://northunion.io/.
On November 1, 2024, The Federal Financial Supervisory Authority (BaFin) Warned Consumers About The Services Provided By NorthUnion (northunion.io), Which Provides Financial And Investment Services Without The Required Authorization.
Reviewed NorthUnion Is An Unregulated Broker
According To Its Website, It Has Multiple Office Addresses. After Investigation, No Matching Information Was Found In The Swiss Financial Marekt Supervisory Authority (FINMA), The Financial Conduct Authority (FCA) And The National Securities Market Commission (CNMV).
Furthermore, The Federal Financial Supervisory Authority (BaFin) Warns Consumers About The Services Provided By NorthUnion (northunion.io), Which Provides Financial And Investment Services Without The Required Authorization.
In Essence, NorthUnion Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To The Company Is Extremely Risky, As There Are No Legal Safeguards To Guarantee The Safety Of These Funds.
NorthUnion Appears To Be A Scam.
But Most Non-compliant Brokers Will Not Disclose Providing Their Direct Truthful Contact Information, Such As Phone Number Or Company Address.
Note: NorthUnion Being An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
