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
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
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.
See the trading platform comparison table below:
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.
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)
2022-12-09 11:48
