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/10

SUNFLOWER

Australia Australia | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.mysunfx.com/

Website

Rating Index

Regulation 2.69 Tech 4.62 Reputation 2.76 / 0.07 Business 7.08 Risk Control 2.53 / 0.54
1.91

Contact

4000998707
http://www.mysunfx.com/

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Company Profile 4
5-10 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk
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SUNFLOWER

Related Companies

SUNFLOWER GROUP PTY LTD(Australia)
Australia
SUNFLOWER GROUP PTY LTD(Australia)
Active
Australia
Registration No. 139725081
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

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

MT4/5 white label

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 StatusSuspicious Clone
Regulated by Australia
License TypeInvestment Advisory License
License No.224485
Licensed InstitutionULTIMATE PINNACLE CO PTY LTD
Suspicious clone ASIC license

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.

Negative SUNFLOWER Reviews on WikiFX

Exposure. Cannot withdraw

ClassificationUnable to Withdraw
Date June 13, 2018
Post CountryHongKong
Exposure. Cannot withdraw

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.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is SUNFLOWER safe and reliable?

WikiFX data does not indicate SUNFLOWER is a safe and reliable broker for forex trading. According to the WikiFX SkyEye risk assessment, SUNFLOWER holds a low score of 1.60. The company operates without any verified financial regulatory licenses, which means client funds are not protected by standard investor compensation schemes. This lack of credible oversight, combined with an unverified business scope, constitutes a high-risk profile.

04-04
United States

Is SUNFLOWER regulated?

SUNFLOWER GROUP LIMITED is not a regulated forex broker. While an entity with a similar name holds an ASIC license for 'Inst Forex Investment Advisory (IA)', this license is listed as 'Unverified' on WikiFX and does not cover the specific forex trading activities of the entity reviewed here. The broker does not hold any other verified regulatory licenses for retail forex or CFD trading.

04-04
United States

What is the minimum deposit of SUNFLOWER?

A specific minimum deposit requirement for SUNFLOWER is not currently publicly disclosed on its platforms or official channels.

04-04
United States

Does SUNFLOWER support MT4 or MT5?

WikiFX assessment indicates that SUNFLOWER has a Software Index score of 4.0. However, specific information regarding which trading platforms (such as MetaTrader 4 or MetaTrader 5) it offers to clients is not explicitly detailed in available public records.

04-04
United States
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