Sunanc
Abstract：Sunanc, a trading name of Sunanc International Limited., is allegedly a forex broker registered in China that claims to provide its clients with leverage up to 1:300 and average spreads of 1.5 pips on the MetaTarder5 trading platforms.
Note: For some unknown reason, we cannot open Sunancs official site (https://www.yunduan024.com/supcyw/index.html) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Sunanc, a trading name of Sunanc International Limited., is allegedly a forex broker registered in China that claims to provide its clients with leverage up to 1:300 and average spreads of 1.5 pips on the MetaTarder5 trading platforms.
As for regulation, it has been verified that Sunanc does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.36/10. Please be aware of the risk.
Market Instruments
Sunanc advertises that it is a forex broker that mainly offers forex currency pairs trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
Sunanc claims to offer demo and Standard live accounts. The minimum initial deposit requirement to open a Standard account is $100.
Leverage
The leverage provided by Sunanc is capped at 1:300 (fixed). It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
Sunanc claims that the EUR/USD spread is average 1.5 pips.
Trading Platform Available
The platform available for trading at Sunanc is the industry-standard MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at Sunanc is said to be $100. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
Sunanc‘s customer support can be reached by email: service@sunanc.net. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of 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.
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