Trade Union Review

About Trade Union

Trade Union (operating via domain trade-union.pro) is not regulated by any recognized financial authority; no valid forex trading licence has been identified. The entity claims to be operated by Incendiary Group LTD, allegedly registered in the Commonwealth of Dominica under registration number 2021/IBC00031, but searches in the Financial Services Unit of Dominica returned no records. Additionally, Dominica does not have a regulatory body that issues forex licences. Client funds are unsecured and unprotected by any legal framework.

Trade Union has been explicitly warned against by multiple regulators. The British Columbia Securities Commission issued a caution on November 8, 2022, noting that Trade Union was not registered to trade in or advise on securities or derivatives in British Columbia. The Spanish regulator CNMV added Trade Union to its warning list on November 21, 2022, stating the firm is not authorised to provide investment services in Spain.

WikiFX classifies Trade Union / Incendiary Group LTD as an unregulated offshore broker, assigning a very low credibility score (1.46). It operates from a "suspicious scope of business" and lacks oversight by reputable financial authorities. The broker’s address is listed in Dominica, and there is no transparency about trading terms such as minimum deposit, platforms, or leverage.

Pros and cons

Pros

• None confirmed from authoritative or regulatory sources.

Cons

• Unregulated by any recognized authority.
• Registration claim in Dominica not verifiable and Dominica lacks forex regulatory oversight.
• Regulatory warnings issued by BCSC (Nov 8, 2022) and CNMV (Nov 21, 2022).
• Low credibility rating; no information on trading conditions, platforms, account types, minimum deposit, leverage, or client protections.