SUNFLOWER Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-08-07 17:35

Abstract：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.

　　Note: SUNFLOWER's official website: https://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.