What Account Types and Fees Does UNION MK Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| The Best Account |
Traders seeking a balanced experience |
Minimum deposit of 100 USD, maximum leverage of 100:1, spread of 1.5 pips |
Suitable for traders wanting to test strategies with a demo account |
| Clone Account |
Traders looking for competitive conditions |
Minimum deposit of 100 USD, maximum leverage of 100:1, spread of 1.0 pips |
Allows for using demo accounts for practice |
| Trading Account |
Cost-conscious traders |
Minimum deposit of 100 USD, maximum leverage of 100:1, spread of 0.5 pips |
Ideal for those prioritizing low trading costs |
Account Opening Process
Opening an account with UNION MK typically involves several steps. First, visit the official UNION MK website and choose the account type that suits your trading needs. Then, click on the “Open an Account” button to initiate the process. Fill out the online application form with your personal, employment, and financial information. Afterward, provide the required documentation for identity verification, such as a copy of your ID and proof of address. Once your application is submitted, UNION MK will review the information. If approved, you will need to fund your account with the minimum deposit specified for your chosen account type, after which you can start trading. There is also flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.5 |
$0 |
Competitive spreads for cost-sensitive traders |
| Forex (GBP/JPY) |
1.0 |
$0 |
Standard spreads for major pairs |
| CFDs (Gold) |
1.0 |
$0 |
Standard pricing for commodities |
| CFDs (Oil) |
1.5 |
$0 |
Market prices may vary |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
UNION MK may charge various fees that traders should be aware of. Deposit and withdrawal fees may apply, depending on the chosen payment method. Inactivity fees may also be charged if there is no trading activity for an extended period. There are no specified platform usage fees for using the MT5 Terminal. Overnight interest, often referred to as swap rates, may apply to positions held overnight. Additionally, currency conversion fees could be incurred when trading in different currencies.
