Score
SUNAC
Hong Kong|2-5 years| https://sunacfx.com/en/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
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
Hong Kong
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed SUNAC also viewed..
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Website
sunacfx.com
Server Location
Hong Kong
Website Domain Name
sunacfx.com
Server IP
154.209.67.71
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 | |
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 |
| • 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.
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.
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.. |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX2861636451
Australia
There is no way I am letting these people scam any more persons. They got deposit of my $105000 via bitcoin and claimed it never reflected on their end. There was no way I could prove they actually received that payment, till assetsclaimback/com took it upon themselves to step in and pave way for the repayment of my already lost money. they are not really what they claim to be.
Exposure
2022-04-06
FX6927698482
United States
I remember asking if there were any account opening or withdrawal fees but they said no. Then I was to withdraw my money, it was at this point they said I needed to pay 20% service fee upfront before I can withdraw money from the account. I paid the 20% after a lot of back and fort, then the situation of insurance fee came up, I knew there was no guarantee I would get my money back from them if I paid the insurance fee. With my grievances averted to fintrack/org, they had my investment sent directly into my wallet. Stay away from Sunac finance limited. I had quite a lot of money in the account and would have lost it all to them.
Exposure
2022-04-06
FX3464800242
Germany
There is no way I am letting these people scam any more persons. They got deposit of my $65000 via bitcoin and claimed it never reflected on their end. There was no way I could prove they actually received that payment, till assetsclaimback recovery service took it upon themselves to step in and pave way for the repayment of my lost funds. SUNAC finance are not what they claim to be becareful.
Exposure
2022-04-01
FX3464800242
Germany
Using SUNAC finance is a complete waste of time, I could have lost all my money. I actually thought they are a good company that I can trust , everything was going smoothly until they showed me what a dishonest company they are . I had to reach out to AssetsClaimBack recovery service before I could successful withdraw my trading funds of over $79,000 from my account. Do not even think of investing your hard earned money with them. They have no empathy whilst perpetuating their evil acts and they will do all to milk you asking for payment after payment to process your withdrawal requests and each time you make payment they come up with another reason to ask for more payment.
Exposure
2022-04-01
FX2081146039
United States
I was scammed by Sunac Finance for USD$1.6M on from 8/27 to 9/27/2021 thru the fake trading MT5 platform. The scammer (see pic) lured me into high-profit returns and I transferred my money from Chase to Kraken,coinbase and crypto.com to change to USDT and ETH then transferred to the fake broker platform. After reaching my profit, when the time to withdraw, they said I have to pay 8% tax of $250k within 5 business days or else my account will be frozen. NOTE: Sunac finance limited website has been reported by the "International Anti-Scam and Trafficking Alliance" by ScamAdvisor.
Exposure
2022-03-29
Xinxi Liu
United States
Unable to withdraw on this platform. The woman was kindly invited me to deposit and improve my life. At first I gained $700 and withdrew successfully in half an hour. The second time, I wanted to withdraw but it took 24 hours and failed. Then my account was locked and I could not withdraw. The customer service told me to pay $80000 to unlock it. The woman said she never met this situation before but then she changed her words and asked me to pay the fee for verification my identity.
Exposure
2021-10-15
jacky黄
Canada
I exchanged 25,000 Canadian dollars for U.S. dollars. I gained profits with my instructor but couldn't withdraw.
Exposure
2021-07-20