Union Bazaar
We checked Union Bazaar against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Union Bazaar claims to be a global online forex broker fully licensed and regulated by several regulatory bodies, including: 1) The Cyprus Securities and Exchange Commission (CySEC) with license number 124/10; 2) The Belize Financial Services Commission (Belize FSC) under license number IFSC/70/394/TS/19; 3) The United Kingdom Financial Conduct Authority (FCA) with reference number 668417; 4) The Australian Securities and Investments Commission (ASIC) under license number 231490. First, we did not find any match results to Union Bazaar in ASIC and Belize FSC. Second, we find a match result to 66841 in FCA. But the number belongs to a company named "Peter Charles Ray", whose only approved domain is "enigmacarandvansales.com." Third, we indeed find a match result to the number 124/10 in CySEC. But the number belongs to a company named ORBEX Ltd whose only approved domain is "www.orbex.com.cy." That means Union Bazaar is a clone firm that falsely uses the regulatory info of licensed firms. Union Bazaar is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Union Bazaar.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.