Abstract:Sunshine Global Capital Pty Ltd is a foreign exchange dealer aiming to improve traders‘ online trading experience. By the end of 2019, it has 12 directly affiliated companies, branches throughout the world’s five continents, in addition to more than 30 countries with representative offices. Its address is Select House 7 109 Pitt St Sydney NSW 2000.
General Information& Regulation
Sunshine Global Capital Pty Ltd is a foreign exchange dealer aiming to improve traders‘ online trading experience. By the end of 2019, it has 12 directly affiliated companies, branches throughout the world’s five continents, in addition to more than 30 countries with representative offices. Its address is Select House 7 109 Pitt St Sydney NSW 2000.
Market Instruments
Sunshine Global Capital offers investors a range of financial instruments including foreign exchange, spot and futures, stock index, stocks, ETF, bonds, etc.
Account & Leverage
Sunshine Global Capital offers the Standard Account, with the minimum deposit of $100. The account currency pairs include USD/EUR/GBP/NGN. The maximum leverage is up to 1:100.
Spreads
For reference only, the spread for EURUSD is 0.8 pips, GBPJPY 1.6 pips, GBPUSD and EURJPY 1.2 pips, USDJPY 0.7 pips. In normal market market conditions, point spreads tend to be small.
Trading Platform
Sunshine Global Capital provides clients with access to the worlds financial markets via the MetaTrader 4 (MT4) platform, available for Windows/iPhone/Android.
Deposit & Withdrawal
Clients can transfer money through RMB UnionPay, credit card or international wire transfer.
Trading Hours
Clients are offered 24 hours of market transactions for 5 consecutive days.
Accepted Countries
Sunshine Global Capital has a business coverage of more than 150 countries.
Customer Support
Investors who have questions or concerns can send email at service@sunshineglobalcapital.com.
Risk Warning
Services at Sunshine Global Capital include foreign exchange products and CFD products, and there is a risk that losses will be greater than the initial capital injection. These products may not be suitable for every investor.
Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.