Thinking of getting into business with Sunpor Group Limited? Here is what you must know about this broker. Carefully read this review to find out if sunporgroup.com is the trading platform you will want to trade with.
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About Sunpor Group Limited Broker
Sunpor Group Limited is an offshore brokerage company with a lot of promises for traders. The address of the broker is not provided on the web page.
Also, the broker claims to offer 24/7 traders support, ultra low transaction spread cost, flexible trading leverage, optimal execution, verified security.
In spite the trading instruments Sunpor Group Limited claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
sunporgrouplimited.com: Reasons to Avoid This Broker
sunporgrouplimited.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as Security and Future Commission, Hong Kong labeled the broker unlicensed entity.
Another thing we noticed on sunporgrouplimited.com is the demo account for traders. We advise you don’t waste your time on an unregulated broker like this one.
Again, this broker does not offer money back guarantee which means trading on such platform is clearly a risk.
These are cons for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Sunpor Group Limited provides no exact information on its withdrawal and fee.
Minimum Deposit
Sunpor Group Limited minimum deposit is not specified by the broker.
As for the payment methods, it remains the same. The broker keeps information to itself. However, you should not consider making any payment with this broker because it is a risk. So beware!
Sunpor Group Limited Platform
Sunpor Group Limited offers web based trading software and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, it can get up to 1: 400. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Sunpor Group Limited Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Conclusion: Is sunporgrouplimited.com a Reliable Broker?
sunporgrouplimited.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
