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Union Bazaar

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Operating status: SCAM

Website: https://unionbazaar.com/

Broker violations and abnormal records
  • 2022-08-24 BrokersView has Reviewed that Union Bazaar is an Unregulated Forex Broker

    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.

    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.
  • 2022-12-04 BrokersView has found that Union Bazaar is not working

    BrokersView found the domain "https://unionbazaar.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://unionbazaar.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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