ANSWER Due to its fraudulent nature, we strongly suggest you scrap the plan to open an account on Trade Union Trust.In an attempt to appear legitimate, Trade Union Trust provides a number issued under the Digital Millennium Copyright Act (DMCA). However, the DMCA refers to copyright and cannot support a firm or individual's legitimacy in finance. Trade Union Trust is allegedly domiciled in the UK, and thus it is required to seek authorization from the Financial Conduct Authority (FCA). However, there are no indications that it is registered with the FCA, the British financial watchdog has added it to its warning list as an unauthorized firm. The full warning can be accessed here.Therefore, BrokersView has concluded that Trade Union Trust is a scam. Investors dealing with the platform are exposed to significant risks, such as financial losses and identity theft, which could be financially and personally devastating. No legal protections in place are able to safeguard them. To mitigate such risks, it is critical to avoid such unregulated brokers as Trade Union Trust and instead choose a fully regulated one.
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