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/10
The WikiFX Score of this broker is reduced because of too many complaints!

SUNAC

Hong Kong|2-5 years|
White label MT5|Regional Brokers|High potential risk|

https://sunacfx.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
SunacFinance-Demo MT5
Server Location Japan

Contact

sunacfx001@gmail.com
https://sunacfx.com/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

SUNAC Finance Limited

Company Abbreviation

SUNAC

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Expose

    SUNAC · Company Summary

    Note: SUNACs official site - https://sunacfx.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    SUNAC Review Summary
    Founded 2021
    Registered Country/Region China Hong Kong
    Regulation No regulation
    Demo Account Unavailable
    Trading Platforms MT5
    Customer Support Email

    What is SUNAC?

    SUNAC, full name is SUNAC Finance Limited, was allegedly incorporated on the 21st of April in 2021 as a private company limited by shares registered in Hong Kong. SUNAC lacks proper regulation and reliable oversight. Additionally, the inaccessibility of their official website raises concerns about the platforms credibility and potential risk for investors. Reports of difficulties in fund withdrawals and scams associated with SUNAC further highlight the potential risks involved.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros & Cons
    Pros Cons
    • MT5 provided • Website is unavailable
    • Not regulated
    • Some reports of scams and withdrawal issues
    • Limited communication channels

    SUNAC Alternative Brokers

    There are many alternative brokers to SUNAC depending on the specific needs and preferences of the trader. Some popular options include:

    • OctaFX - A leading online trading broker with a user-friendly platform and low trading costs, making it ideal for beginner traders.

    • Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.

    • TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.

    Is SUNAC Safe or Scam?

    SUNAC currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of SUNAC is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

    If you are considering investing with SUNAC, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

    Trading Platforms

    SUNAC offers for MT5 its clients. This platform provides traders with a wide range of advanced features and tools to facilitate efficient and effective trading.

    The MT5 trading platform is known for its user-friendly interface, making it accessible to traders of all levels of experience. It offers a comprehensive set of analytic tools, allowing traders to perform in-depth technical analysis, access historical data, and identify market trends. Traders can also customize their charts and indicators according to their trading strategies.

    One of the key features of MT5 is its ability to support multiple asset classes. It enables traders to trade in various financial instruments, including currencies, stocks, commodities, and indices, all in one platform. This diversity allows traders to broaden their investment portfolios and take advantage of different market opportunities across various sectors.

    MT5

    See the trading platform comparison table below:

    Broker Trading Platform
    SUNAC MT5
    OctaFX MT4, MT5, cTrader
    Equiti MT4, MT5
    TrioMarkets MT4

    User Exposure on WikiFX

    On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Customer Service

    Customers can visit their office or get in touch with customer service line using the information provided below:

    Email: sunacfx001@gmail.com

    Conclusion

    In conclusion, SUNAC is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, SUNAC's trading platform, MT5, caters to the needs of both beginner and advanced traders.

    However, SUNAC has many problems. First, it doesn‘t have regulation. Second, it is because the official website of SUNAC is inaccessible that the relevant information doesn’t be provided, which makes trade not transparent enough. Therefore, traders should verify the regulatory status of SUNAC or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

    Frequently Asked Questions (FAQs)

    Q 1: Is SUNAC regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: How can I contact the customer support team at SUNAC?
    A 2: You can contact via email, sunacfx001@gmail.com.
    Q 3: Does SUNAC offer demo accounts?
    A 3: No.
    Q 4: Does SUNAC offer the industry leading MT4 & MT5?
    A 4: Yes. It supports MT5.
    Q 5: Is SUNAC a good broker for beginners?
    A 5: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website..

    News

    WikiFX Review: Something You Need to Know Before Investing in SUNAC

    ExposureWikiFX Review: Something You Need to Know Before Investing in SUNAC

    2023-02-01 17:46

    SUNAC is an HK-based broker that has attracted our attention recently due to so many complaints. This article will give you some basic information about this broker.

    WikiFX
    2023-02-01 17:46
    Exposure
    WikiFX Review: Something You Need to Know Before Investing in SUNAC

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    Comments

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    以利多多
    more than one year
    SUNAC is a scam. In the beginning, they look very professional with agents contacting you, with a nice platform, and with regular phone calls encouraging you to invest. Telling a nice story on how they can grow your money. Once you invest, they place your money in a loss-making transaction until all your money is gone.
    2022-12-09 11:48
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