Score

1.53 /10
Danger

Sunness

Suspicious Regulatory License

High potential risk

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.12

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Sunness · Company summary
AspectInformation
Company NameSunness
Registered Country/AreaIndia
Founded Year2009
RegulationUnregulated
ServicesBrokerage Services
Customer SupportMonday - Friday: 10 am - 5 pm(Online Chat)

Overview of Sunness

Sunness is a brokerage firm based in India, operational for 5-10 years but remains unregulated. The company focuses solely on providing brokerage services and offers customer support from Monday to Friday between 10 am and 5 pm.

While Sunness may appeal to traders with its specialized service, the lack of regulation could be a significant concern, posing potential risks for clients seeking a secure and compliant trading environment.

Overview of Sunness

Is Sunness Legit or a Scam?

Sunness operates as an unregulated brokerage firm in India. This unregulated status means that it does not fall under the oversight of any financial regulatory authority, which can be a critical issue for potential clients.

Is Sunness Legit or a Scam?

Pros and Cons

ProsCons
Long history platformLimited information on the webstie
Online chat customer supportUnregulated Platform
No mentioned of trading instruments

Pros:

Sunness boasts a long-standing presence in the brokerage industry, demonstrating experience and stability. The platform enhances user experience by offering online chat customer support, providing quick and accessible assistance to clients during operational hours.

Cons:

A major drawback is the platform's unregulated status, which raises worries about client security and compliance with financial standards. Additionally, the Sunness website offers limited information, lacking details on available trading instruments, which can hinder informed decision-making by potential traders.

Services

Sunness Capital India Private Limited (SCIPL) specializes in StockBroking Services, offering a large suite of investment opportunities.

The firm is registered with the Securities and Exchange Board of India (SEBI) and holds memberships with prominent trading houses such as the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the Multi Commodity Exchange (MCX).

Additionally, SCIPL provides depository participant services with the Central Depository Services Limited (CDSL), enhancing its range of financial services to include securities and commodities trading capabilities, as well as secure storage of financial assets.

Services

Customer Support

Sunness Capital India Private Limited offers dedicated online chat customer support during the business week from Monday to Friday, 10 am to 5 pm, ensuring that clients can receive assistance during these hours. The company is based in Hampinagara, Vijayanagara, Bangalore, providing a localized touch for clients in the region.

Customer Support

Conclusion

Sunness Capital India Private Limited, headquartered in Bengaluru, India, offers robust stockbroking services and is registered with SEBI.

With memberships in major trading houses like BSE, NSE, and MCX, and as a depository participant with CDSL, Sunness Capital provides a range of financial services. The company's vision and mission underscore its commitment to quality service and enhancing client lifestyles.

FAQs

  1. What services does Sunness Capital offer?
  • Sunness Capital provides stockbroking services, memberships with BSE, NSE, MCX, and depository participant services with CDSL.
  1. Is Sunness Capital registered with any regulatory authority?
  • Yes, Sunness Capital is registered with SEBI.
  1. What are the office hours for Sunness Capital?
  • The office hours are Monday to Friday, from 10 am to 5 pm. The office is closed on Saturdays and Sundays.

Risk Warning

Sunness is an unregulated entity, lacking formal oversight from financial regulatory authorities. This lack of regulation may expose clients to increased risks, including potential issues with transparency, operational integrity, and the security of client funds.

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