Grand Union Markets is an offshore Forex broker, that actually opened on March 23, 2020. As of July 22nd 2020, we see their website is dead!
For complaints and withdrawal issues, read this.
Grand Union Markets Review
Our review of this broker Grand Union Markets shows, that they are offering their investors and day traders, the classic MT4 (Meta Trader 4) CFD trading app. You will find the desktop MT4, along with the webtrader, and the basic MT4 mobile app for Android & iOS. You will be able to create multiple demo trading accounts, to play with the software and practice your trading strategy.
Grand Union offers clients a variety of assets for CFD trading including; 50 Forex / Currency pairs, Commodities (Oil, Gold & Silver), Market Indices and CFD’s on shares trading. Standard leverage available is 1:300, because they are not a regulated broker! At a European licensed broker like ForTrade, the maximum leverage offered is 1:30. Minimum deposit requirement for a new trading account is $250, via
Bonus money is offered to new clients, but it is important to understand that it is actually a gimmick and not free money! Be sure to read the brokers Terms and Conditions page, before saying yes to a Brokers Bonus.
Automated Trading Apps
Newbie investors usually get hooked on investing via a trading app. The problem with trading apps is, that most of them don’t make money, and you lose your investment fast. Take a few minutes and educate yourself on the pitfalls of using an automated trading app, read this.
Is Grand Union Markets a Legit Broker?
No, Grand Union Markets is not a licensed or regulated broker.
Officially they are owned by a company called: Sky Tech Solutions Limited, with registration number 2900069. Their PO Box is at: Unit 1411, 14th Floor, Cosco Tower, 183 Queen’s Road Central, Sheung Wan, Hong Kong. Contact phone number is United Kingdom: +442080680220. Customer support email is: [email protected]. Official website was at: https://www.GrandUnionMarkets.com/.
In Jul 2020, a new clone website opened at gumarkets.com, and then gum-markets.net with a contact phone number of +441217901069.
The way that the Scam Broker Investigator reviews a new Forex broker to see if they are a scam or legit, is by checking their regulatory status and license. When you see that the broker has a valid license from your local governments financial regulator, you can be sure that they are a legitimate broker.
Online today are thousands of “Get Rich Quick” investing scams, and most people lose their money. You should read the reviews of some popular licensed brokers listed here.
Compare Licensed Brokers
There are so many offshore Forex brokers to compare, and many investors are confused which broker to use. Smart investors always demo trade with at two brokers, before making an initial deposit.
If you are currently investing at Grand Union Markets, please share your experience with other people in the comments section.