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unocal group

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Hi, can you tell me whether Unocal Group is legal or not?
FranklinW
Iceland
2022-08-30
ANSWER Unocal Group is not a licensed or regulated broker even though it states offers that look good to be true. Unocal Group claims it is conquering the world's biggest financial market under the protective screen of a regulated Swiss Bank, but please be informed that the financial derivatives regulator in Switzerland is the Swiss Financial Market Supervisory Authority (FINMA). However, we did not find any match results to Unocal Group in FINMA.Downloading its official MT5 trading platform, we found this firm locates in the United Kingdom. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we also did not find any match results to Unocal Group in FCA. The truth is, Unocal Group 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 Unocal Group and trade with licensed brokers.
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