WIKIFX REPORT: Sunton Capital Suspected of Fraud, Profit Can be 50% per Month?

Last week, the public was shocked by the Sunton Capital case which caused many traders, especially forex (foreign exchange, foreign exchange) to suffer losses due to the alleged fraudulent investment of forex brokers carried out through this trading robot platform.

Through various channel communication, such as Telegram accounts, Instagram, and the official website, where the last two channels are currently inactive, Sunton Capital attracts public interest by offering lucrative returns.

The benefits offered to prospective customers vary, ranging from 40%, 50%, to 60% of the invested capital.

This was revealed starting from the upload of a Twitter user and musician Ananda Sukarlan (@anandasukarlan) who exposed this alleged fraud.

In this post, he expresses his concern for the victims of Sunton Capital. He said the mechanism carried out at Sunton Capital was money games and ponzi.

“So sorry for the victims… Next time we have to know the difference between money games, fake investments and real software or robots. If it‘s real, the profit can’t be that big and its not always profitable,” Ananda tweeted last week.

“Oh, that‘s why, don’t invest in money games or Ponzi. In the end, all the money is 0. Looking for money, you cry,” he added.

He said that initially Sunton Capital offered a fairly large profit, in the range of 5% to 20%.

Then on October 14, 2021, at 21:27 when the trade took place, SuntonFX made a margin call in which the chart was totally manipulated. A margin call is a warning system indicating that the trading account funds are insufficient to open a trading position.

After the margin call occurs, all Sunton Capital services can no longer be accessed. Besides that, his Instagram account is gone, and his website https://suntonfx.id inaccessible.

“So, if you want to invest, make sure the company is clear: who the founders and directors are, where are the buildings & offices,” he explained.

Not long ago, SuntonFXs Instagram account also disappeared. In its announcement on the Facebook page, Sunton Capital Indonesia even stated that from June 1, 2021 to October 14, Sunton Capital Ltd was a scam and was over.

Based on the information circulating, Sunton Capital is a foreign forex broker originating from the UK.

The way SuntonFX works is similar to a broker in general. Before trading, customers are required to make a minimum deposit of US$ 50.

Furthermore, the investment manager will direct the customer to make a sale or purchase transaction based on a predetermined time.

But now, the broker is in trouble and many customers in Indonesia are harmed.

Official site https://suntonfx.id can no longer be accessed, it just says ‘This page is the default page. Please upload your website content.’

Meanwhile, CNBC Indonesia sent a direct message to Instagram suntonfx.id not even replied.

Meanwhile, the Telegram account currently has up to 11,215 members. In this account, apart from being given the lure of high profits, examples of the forms of ‘profits’ offered are also explained.

For example, if you join the basic plan of 2 million. Mopit disbursement every day for up to 1 week:

Day 1 = 800,000

Day 2 = 800,000

Day 3 = 800,000

Day 4 = 800,000

Day 5 = 800,000

Day 6 = 800,000

Day 7 = 800,000 + capital kk 2,000,000.

“So the total in 1 week along with your capital.. 7,600,000 kk 1 week Disbursement: 40% per day from day 1-7 get 800k profit results every day @Sunton_Capital_ID,” wrote the Telegram account.

In response to this, the Investment Alert Task Force (SWI) revealed that Sunton Capitals operations in Indonesia were not licensed.

“Sunton Capitals activities do not have a permit in Indonesia, so they are illegal,” said Tongam L. Tobing, Chairman of SWI to CNBC Indonesia, Monday (18/10/2021).