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Can you help me? Does this platform get license??
Josh
Lithuania
2022-08-04
ANSWER Trade Unity is not a licensed or regulated broker even though it states offers that look good to be true. Trade Unity claims to be a reliable broker without presenting any information about its regulations. Lacking regulatory information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag. Moreover, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Trade Unity for being a clone firm. It was using the regulatory details of a FCA-regulated firm "Unity Trade Capital Ltd" to convince people that it work for a genuine, authorised firm. You can check the full warning from here. The truth is, Trade Unity is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Trade Unity and trade with licensed brokers.
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