Union MK
We checked Union MK 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 MK claims to be a reliable broker while presenting neither details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here. Besides, Union MK shows its company address is in Labuan, Malaysia. As per relevant law, the regulatory authority in the Labuan International Business and Financial Center is left to the Labuan Financial Services Authority (LFSA). All IBFC brokers and financial services providers have to be licensed and regulated by the LFSA. We indeed find a company named "Union MK Limited" in LFSA, which has a similar name to this broker. But check further of the company's regulatory details, we found the approved domain of Union MK Limited should be "unionmk.com" instead of the one used by Union MK. The truth is, Union MK may be a clone firm that falsely uses the regulatory information of a licensed firm. Union MK is not under valid regulation by any regulators to do forex. 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 MK.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.