Score
SUNFLOWER
Australia|5-10 years| http://www.mysunfx.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：ULTIMATE PINNACLE CO PTY LTD
License No.：224485
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
AustraliaAustralian broker SUNFLOWER not found
A field survey based the company’s claimed address did not find SUNFLOWER’s physical presence. The company claims to hold an investment advisory license (224485) from the Australia ASIC, but a check with the regulator suggests that the claim may be untrue.
AustraliaAustralian broker SUNFLOWER not found
A field survey based the company’s claimed address did not find SUNFLOWER’s physical presence. The company claims to hold an investment advisory license (224485) from the Australia ASIC, but a check with the regulator suggests that the claim may be untrue.
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Company Summary
Note: SUNFLOWER's official website: http://www.mysunfx.com/ is currently inaccessible normally.
SUNFLOWER Information
SUNFLOWER is registered in Australia. According to WikiFx, its regulatory status is listed as “Suspicious Clone”. They have MT4/5 white label, which means that in most cases, it faces the risk of unregulated and informal training. You can trade directly on MT4 or open a demo account to simulate trading first.
Is SUNFLOWER Legit？
SUNFLOWER's regulation is listed in the category of “suspicious clone”, which means it has no valid regulation. The Australia ASIC (Australia Securities & Investment Commission) regulation (license number: 224485) claimed by this broker is suspected to be clone.
In addition, based on a field survey conducted by WikiFX inspection team, the physical presence of SUNFLOWER's purported head office was not found.
As a result, you should be careful when consider such an unregulated company that falsify addresses.
 | Australia Securities & Investment Commission (ASIC) |
| Current Status | Suspicious Clone |
| Regulated by | Australia |
| License Type | Investment Advisory License |
| License No. | 224485 |
| Licensed Institution | ULTIMATE PINNACLE CO PTY LTD |
Downsides of SUNFLOWER
- Unavailable Website
SUNFLOWER's official website is now inaccessible, so you can't open an account or get any information about the platform.
- Lack of Transparency
Information about fee structure, account type, way of trade and security measures is not provided in SUNFLOWER, which will be inconvenient and unsafe for you to purchase a trading instrument.
- Regulatory Concerns
SUNFLOWER is now unregulated, which means its behavious is unrestricted, and it may even violate the law without being held responsible.
Negative SUNFLOWER Reviews on WikiFX
As of now, there is one piece of SUNFLOWER exposure in total.
Exposure. Cannot withdraw
| Classification | Unable to Withdraw |
| Date | June 13, 2018 |
| Post Country | HongKong |
The user said that SUNFLOWER doesn't allow him to withdraw his deposit and doesn't reply to him. You may visit: https://www.wikifx.com/en/comments/detail/208075732613862.html
Conclusion
SUNFLOWER lacks official regulation and provides no information about trading. So, dealing with this broker is very risky, and you don't get any security guarantees when encoutering problems. You'd better choose a regulated and transparent trader.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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